FBS
FBS focuses on what matters most — building trusted products, delivering real value, and supporting its global community of traders through smart technology and ongoing innovation.
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Overall
GREAT BROKER
Overall
I'm happy with FBS because I have a lot of friends who want to learn and participate in trade forex, so having an IB program from FBS has benefited me as a result of commissions from my business and also promotions that have enabled me to receive many exciting gifts😀😀
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I am keep getting below message. I am not sure if it's a genuine broker.
This site can’t be reached The webpage at https://my.fbs.com/login?lang=en&fromTest=oldcabinet&_ga=2.219096985.1468583983.1556067621-1341029678.1556067621 might be temporarily down or it may have moved permanently to a new web address.
ERR_SPDY_PROTOCOL_ERROR
Overall
One of a genuine broker. Many times get free bonus and completed requirement lots. After withdraw. Withdrawal done within 2 hours by perfectmoney.
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Bonus will be cancelled if there's a draw down of 30%. you got to read that bro.
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We have a big problem in Turkish forex Companies with new regulations. After that, I started to search foreign forex companies and I start to trade with many of them. I decided to stay with FBS because they have good leverage level, low spread, and Turkish customer service... And money withdraw is safer as far as I realize
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FBS is really good broker. I Like their customer support and fast order execution. Their Spread is really fair
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To get back the fund from the online brokers is always the leading concern
In the event of withdrawal, FBS is excellent. Receiving my funds to my e-wallet within a couple of minutes! Never had any problem
A reliable broker. Thank you FBS!
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Very professional Broker!
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I have register an IB account at FBS.
Then i invite friends to trade.
After that my commission was removed and same goes to my upline.
I have livechat with FBS. they said i violate rules.
The rules - hedging between are too close. all the buy and sell must more than 6 pip/60 points.
For scalper trader - not allow to take tp too little.
For hedging trader - can't buy and sell in 6 pips/60 points. FBS never think of hedging strategy.
For IB . i have livechat with them.
example:
If you have 100 clients, you have to monitor and take care all the trading.
if any one of the client are violate rules(hedging on 6pip/60points).
all of your commission will be cancelled.
Problem is , some clients are from website affiliate. which don't even know who is them. we just make a deal, when i got commission then pay them certain percentage. ( this is very common in forex deal)
** 1 client violate , other client commission will cancel**
seems this is the TRAP by giving high commission . all IB hardwork will waste in the end.
FBS is the winner in the end.
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I've been trading from one broker to another broker for 2 years, until i find fbs that can provided what i need, very fast WD, low spread,credit 100% of deposit,local support for my country....and the interesting point for me is my account is no commission and no swap so i can trade fairly without subtraction and addition. So i am planning to stay in FBS.
Overall
Dear Hadihasan!
We have considered your claim about bespoken pending orders (all NZDUSD and NZDJPY, Buy Stop), consulted with the server data, checked its log-files and come to the following conclusion.
Please, kindly note that 00:00 MetaTrader time on 09.06.2016 was the release time of several highly important news pieces in New Zealand, that had an extremely remarkable impact on the financial market, particularly on all currency pairs with New Zealand Dollar. You can check the information about news releases with the Calendar published on myFXbook: http://www.myfxbook.com/forex-economic-calendar (the aforementioned news pieces are as follows: http://prntscr.com/cim1nv )
The mentioned news pieces have caused very high volatility in the market at 00:00 and further, which resulted in significant spread widening, abrupt price movements, and huge price gaps. You can prove this fact with the chart in MetaTrader 4 for NZDUSD and NZDJPY: http://prntscr.com/cilxj3 , http://prntscr.com/cilxoh
Considering your NZDUSD orders, which had Take Profit level set by you, we would like to remind you, that according to the Customer Agreement:
4.5.2. In the cases of price gaps order execution is determined by the following rules: a) If "Take Profit" level of a pending order is in the price gap during order opening, once the order is opened Take Profit settings will be annulled. In such a case a note is added to the comments: (tp cancelled/gap).
The following comments in MT4 prove this point: http://prntscr.com/cim53t
Unfortunately, the price set by you for these pending orders has got into price gap, therefore they have been opened at the first quote after the price gap, which is 0.70997.
Considering your NZDJPY orders, since these orders has got into price gap too, they also have been opened at the first quote after the price gap, which is 76.015.
We would like to mention, that when current loss of all open orders on a trading account exceeds the allowed limit, a Stop Out event occurs, i.e. your margin level becomes less than 20%. In this case, the server will close your orders automatically one by one with the comment “so:…./…/…”.
Example: so: -36.0%/-5.1/14.2 – the order was closed by stop out (where -36.0% is the margin level at the time of order closure, -5.1 – remaining funds at the time of order closure, 14.2 – margin).
According to the Customer Agreement:
3.6.2. The Company is entitled to mandatory closing of a Client’s open positions without prior notification of the latter one, if Margin level is lower than 20% of the necessary margin for maintaining open positions.
This is exactly how your orders were executed.
This sharp price movement in an unfavourable direction also caused your account balance to reach Stop Out level, that is why, the system closed all your orders automatically one-by-one in order to prevent your account balance from going negative. The following comments in MT4 prove this point:
http://prntscr.com/cim5lg
It is worth mentioning that different brokers have different liquidity providers which send slightly different quotes. And price gap situation with one broker doesn’t always mean the same situation with other broker.
Also, we would like to remind you that news trading is one of the most risky strategies on Forex as it bears high risks of losses.
We hope that we have managed to resolve this issue and thank you for your understanding!
Overall
I came to them from an IB who offers free VPS for my robots -- and this is the only reason to stay.
Positive:
Cent account
Negative:
Fee for money in/out. I didnt pay much attention and deposited using Skrill: 7.5% fee(!).
Not regulated
Interest on swap (long AND short); no way to get swap free account.
Strange things in order execution: my Grid traders always win (semi automatic, I look at fundamentals, too).
Green numbers every day. Same constellation -- different brokers. This night 1 of them produced RED at FBS.
I compared with the other (good) brokers: All the trades from the grid traders basket closed within 6s with nice profit.
Same robot / same parameters on FBS: FAT RED numbers. Why that??
The basket of trades was closed wihtin... not 6s -- on FBS the robot needed 32 MINUTES to close the trades... 😡
Overall
I just knew FBS from a friend and by look of it I think it was okay, until something really unacceptable happend.
I trade for NZDUSD and NZDJPY and place the order before the big news and when it happend suddendly my order price change by itselft and the price gap happended, I got margin call because my SL cancelled by itself.
I can't accept this since ONLY FBS Trade have price gap on NZDUSD and NZDJPY on that day but not other broker. I used FXpro and XM and place the same pending order I put on FBS. I hit my TP and my order was opened where I place it, and NO PRICE GAP.
WHY only FBS have price GAP on NZDUSD and NZDJPY? to be exact on 9/6/2016. 0000hours
Overall
nice broker.
I get twice bonus from them,5$ and 123$.support is good and fast.good place to trade
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To every person who want thing about this broker! STAY AWAY! GO FAR FAR AWAY! beleive me, its the worse broker ever. let me tell about my story :
about 9 days ago, my 3 trades on GBPUSD closed above my sl, each trades closed about 15 pips above my SL! I contact to LIVE chat they ask me to send an email, and I did, and today after 9 days no answer! and guess what, today my other trade in USDJPY closed above my sl AGAIN!!! this time 9 pips above my sl. MY SL WAS 121.12 and my trade closed at 121.204! the funny part s USDJPY NEVER MET THAT PRICE, THE PAIR HIGH WAS 121.13 when my trade closed!!!! HOW THE HELL MY TRADE CAN CLOSE 121.20 when the pair high is 121.13!!
as usual they ask me to send email AGAIN! and when I said I already sent email days ago and you never answer to that email, the live chat support said the same answer : I will forward the information sir and we will reply to you, if you have any other complain you can send it to [email protected].
I provide all proof they need in emails, but no luck! SO, ARE YOU CARE ABOUT YOUR MONEY? THEN STAY AWAY FROM FBS.
Overall
Not Good
Withdrawall very difficiult and amount asked evry time reduced by financial department, so impossible to empty completly account
moreover only deposit can be withdrawed to bank account and profit only with elctronic payment system
It smell very much market maker/scamer
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again and again i like to trade gold with them and no problem at all with withdrew
i funded my account using many methods with no problem
very safe but i did not tried the insurance program
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so far I have never had a bad incident during trading in the FBS. My trading is always smooth and withdrawals are always on time. I use IB in FBS, they always give you a rebate of trading according to the number of lots that I do.
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I have been using FBS for 3 years and i'm fully satisfied with the service given. FBS always give me the best service in terms of deposit and withdrawal. If i'm facing any problem or issue with my deposit or withdrawal, my Master IB will help me as fast as he can in order to solve it besides the help of other FBS members
