FBS India – Forex broker Review

FBS Forex India is one of the leading Forex brokers accepting traders from India and has gained the trust of Indian Forex traders since 2009. It started its operation in Russia, and later, it opened its offices in most Asian countries like China, Malaysia, the Philippines, Indonesia, Jordan, and Vietnam. FBS claims that it has more than 700,000 clients from 120 different countries around the world.

FBS India Forex broker complies with the International Financial Services Commission IFSC in Belize, a tax haven primary regulatory organization that regulates all the financial components of the company.  It is still under debate whether it can be compared to the highly reputed and more established international regulatory organizations such as the CFTC, NFA, FCA, ASIC, and CySEC. However, FBS is still considered a trustworthy broker and was able to receive numerous awards and recognitions due to its positive review from existing customers. However, it is not free from criticism either.

One of the many reasons why Indian Forex traders open an account with FBS  is because of its low minimum deposit of $1, which is for an FBS Cent Account.

FBS Review in India

FBS Forex Account Types

FBS Forex, an international trading company, offers a variety of account types to cater to the diverse needs of its clients. Each account type comes with a specific minimum deposit requirement.

  • Cent Account: The Cent account is the most basic account type offered by FBS Forex. Ideal for beginners or those wishing to test out the platform, it requires a minimum deposit of just $1. This lower investment threshold makes it a great option for those looking to dabble in forex trading without committing a large sum.
  • Micro Account: The Micro account is a step up from the Cent account and requires a minimum deposit of $5. It’s suited for traders who have a bit more experience and are ready to invest a slightly larger amount in their trading ventures.
  • Standard Account: The Standard account is designed for experienced traders and requires a minimum deposit of $100. This account type offers more features and trading options, making it a suitable choice for seasoned traders looking for more flexibility and advanced trading tools.
  • Zero Spread Account: As the name suggests, the Zero Spread account offers zero-spread trading, which can be beneficial for certain trading strategies. This account type requires a higher minimum deposit of $500, making it a viable option for more serious traders who can afford to invest larger amounts.
  • ECN Account: The ECN account is the most premium account type offered by FBS Forex. It provides direct access to the interbank market and requires a minimum deposit of $1,000. This account type is best suited for professional traders who require superior trading conditions and rapid order execution.

In conclusion, FBS Forex’s various account types are designed to cater to all types of traders, from novices to professionals, each with different minimum deposit requirements.

FBS Demo Account

An FBS Forex demo account is a virtual trading platform where individuals can practice their trading skills in real time without any financial risk. This account is designed to simulate actual trading conditions in the Forex market, allowing users to gain experience and develop strategies without losing real money. It provides access to live market rates, various trading instruments, technical analysis tools, and charts. The FBS Forex demo account is a great tool for beginners to learn the ropes of Forex trading and for experienced traders to test new strategies.

Available Instruments on FBS India

FBS, a global financial services firm, offers a variety of trading instruments that are available in India. These can be divided into several categories:

  • Forex: This is the global marketplace for exchanging national currencies against one another. FBS offers a robust forex trading platform, allowing traders in India to participate in the global forex market. This includes major pairs, minor pairs, and even some exotic currencies.
  • Forex Exotic: In addition to the major and minor forex pairs, FBS also offers the ability to trade exotic forex pairs. These are currency pairs that are less commonly traded and often involve currencies from emerging or smaller economies.
  • Metals: FBS offers the ability to trade in various precious metals such as gold, silver, platinum, and palladium. These can be a good way of diversifying a portfolio or hedging against currency risk.
  • Indices: Indices are essentially a measure of the performance of a section of the stock market. FBS provides access to a wide range of global indices, allowing traders to speculate on the overall direction of a country’s stock market.
  • Energies: This involves trading in energy commodities like crude oil, natural gas, gasoline, and heating oil. These can be highly volatile and offer significant profit opportunities.
  • Stocks: FBS provides its clients with access to a wide array of individual stocks from major global companies. This allows traders to take a position on the future performance of individual companies.

Each of these instruments offers its own unique opportunities and challenges, making it important for traders to understand the specifics of what they are trading. Whether you’re interested in trading forex, commodities, or stocks, FBS offers a platform that can accommodate your needs in India.

FBS India Financial Assets

FBS Deposit Options in India

FBS broker offers several deposit options for its traders in India. The availability of multiple deposit methods makes it easy for Indian traders to fund their trading accounts. Here are the deposit options provided by FBS brokerage in India:

  • Bank Wire Transfer: This is one of the most common methods for depositing funds. Traders can transfer money directly from their bank account to their FBS trading account.
  • Credit/Debit Cards: FBS accepts deposits from major credit and debit cards like Visa and MasterCard. This method is usually quicker than a bank wire transfer.
  • E-Wallets: FBS also accepts deposits from various e-wallets. Some of the popular e-wallets used include Skrill, Neteller, and Perfect Money. These methods are quick and easy to use.
  • Local Indian Exchangers: Some local exchangers in India also provide services to deposit money into FBS accounts. These exchangers usually accept different methods of payment, including cash.
  • Cryptocurrencies: FBS also accepts deposits made in cryptocurrencies like Bitcoin. This is a relatively new addition to their deposit methods.

Before choosing a deposit method, traders should check the transaction fees and processing time, as these could vary depending on the method chosen. It is also important to note that the FBS minimum deposit amount depends on the specific account type a trader has chosen.

All these deposit methods are secure and easy to use. FBS also provides 24/7 customer support to help traders with any issues or concerns they might have regarding deposits or withdrawals.

FBS Withdrawal Options in India

FBS broker is a trading platform that allows traders from around the world, including India, to trade in various financial markets. If you are a trader based in India and are using an FBS broker, there are several withdrawal options available for you. Here are some of them:

  • Bank Wire Transfer: This is the most common method of withdrawal. The funds are directly transferred to your bank account. The processing time could take up to several business days and banks may charge a fee for this service.
  • Credit/Debit Cards: FBS broker also allows you to withdraw your funds directly to your credit or debit card. However, you can only withdraw to the card that you used to fund your account.
  • Electronic Wallets: FBS broker supports several electronic wallets for withdrawal, including Skrill, Neteller, and Perfect Money. These platforms offer a quicker and cheaper withdrawal process compared to traditional bank transfers.
  • Cryptocurrencies: Some FBS broker platforms also allow withdrawals in cryptocurrencies like Bitcoin, Ethereum, and Litecoin. This method is fast and secure, but the volatility of cryptocurrencies can present some risks.
  • Local Exchangers: In some countries, FBS broker has partnered with local exchangers that can process your withdrawal request. This can be a quicker and more convenient option, especially if you live in a region where other withdrawal methods are not readily available.

In all cases, you should check the terms and conditions of each withdrawal method, including any fees and processing times, and ensure it is suitable for your trading needs. The FBS minimum withdrawal amount varies on the chosen method. Also, remember to comply with any verification procedures that FBS broker may require to ensure a smooth withdrawal process.

Explore the Different Trading Platforms of FBS India

  • FBS App: This is a mobile application developed by FBS for its users. It allows traders to access their accounts and perform trading activities from anywhere in the world. The app is user-friendly, fast, and reliable with a variety of features designed to help traders manage their transactions effectively. It includes real-time quotes, live charts, financial news, and a full set of trading orders.
  • MetaTrader 4 (FBS MT4): This is one of the most popular trading platforms used worldwide. FBS India supports MetaTrader 4, which is known for its advanced charting capabilities, automated trading systems, and a range of tools for comprehensive market analysis. It’s highly customizable and accessible on various devices, including PC, iOS, and Android.
  • MetaTrader 5 (FBS MT5): This is the latest version of the MetaTrader platform. It offers all the features of MetaTrader 4, but with added capabilities. Traders can use MetaTrader 5 to trade on multiple asset classes and markets. It also offers superior tools for technical analysis, more timeframes, a built-in economic calendar, and even a market depth feature. Like its predecessor, it’s available on PC, iOS, and Android.

These platforms offered by FBS India make trading more accessible and convenient for users, catering to both beginners and experienced traders.

FBS Trading Platforms India

FBS Trading Conditions

FBS forex trading conditions refer to the specific terms and parameters within which trading operations are conducted on the FBS forex platform. Here’s an expanded look at the trading conditions:

  • Initial deposit: This is the amount you need to deposit to start trading. The initial deposit can be as low as $5.
  • Spread: The spread refers to the difference between the buying and selling price of a currency pair. At FBS, the spread is not fixed but floating, starting from 0.7 pips.
  • Commission: This is the fee charged by the broker for facilitating the trade. It can be as low as 0%, meaning you might not have to pay any commission on certain trades with FBS.
  • Leverage: This is the amount by which you can multiply your trade. FBS offers a high leverage of up to 1:3000, allowing you to trade with much more money than you have in your account.
  • Maximum open positions: This refers to the maximum number of trades you can have open at one time. FBS allows you to have up to 500 open positions.
  • Order Volume: This refers to the size of your trade. At FBS, you can trade with an order volume ranging from 0.01 to 500 lots.
  • Stop Out: This is the level at which your trades will be automatically closed if your margin level drops too low. At FBS, the stop out level is 20%.
  • Margin Call: This is the point at which you’ll get a warning that your margin level is too low and you need to deposit more funds. At FBS, the margin call level is 40%.
  • Market Execution: This refers to the speed at which your trades are executed. FBS offers market execution from 0.01 sec, Straight Through Processing (STP), which means your trades are sent directly to liquidity providers without being handled by a dealing desk.

Is FBS Legal in India?

FBS forex broker operates legally in India. It is a globally recognized online trading company that offers trading services in forex and CFDs. FBS adheres to the regulations and guidelines set by the Securities and Exchange Board of India (SEBI), which is the regulatory authority for forex brokers in the country. However, it is important for traders to note that while forex trading with international forex brokers like FBS is legal in India, the currency pairs available for trading are limited to those approved by the Reserve Bank of India.

Is Fbs legal in India

FBS Analytics and Education

FBS provides analytical tools and educational resources. These resources are aimed at equipping traders with the necessary knowledge and skills to navigate the forex market.

  • Market Analytics: This refers to the analysis of financial markets, including forex, stocks, commodities, and others. It involves the use of various analytical tools and techniques to predict market trends and make informed trading decisions.
  • VIP Analytics: This is a premium service offered by FBS that provides in-depth market analysis and trading recommendations. It is designed for VIP clients who want to take their trading to the next level.
  • Forex Guidebook: An instructional manual provided by FBS that contains information about forex trading. It covers everything from the basics of forex to advanced trading strategies and techniques.
  • Tips for Traders: These are practical suggestions and advice offered by FBS to help traders improve their trading performance. They may include tips on risk management, trading psychology, technical analysis, and more.
  • Webinars: Online seminars conducted by FBS where traders can learn about various aspects of forex trading. They are usually interactive, allowing participants to ask questions and get real-time responses.
  • Video Lessons: These are educational videos provided by FBS that cover different topics in forex trading. They are designed to make learning about forex trading more engaging and accessible.
  • Seminars: In-person events organized by FBS where traders get to learn about forex trading from experienced professionals. They offer a great opportunity for networking and hands-on learning.
  • Glossary: This is a comprehensive list of forex trading terms and their definitions provided by FBS. It serves as a handy reference for traders, especially beginners who may not be familiar with the jargon used in forex trading.

FBS Review India – Conclusion

After a thorough analysis, the conclusion to the FBS India Review is that it is a remarkable trading platform. It offers a wide range of services and tools that cater to both novice and experienced traders. The platform is easy to use, provides a comprehensive educational section, and has robust security measures in place to protect traders’ information and funds. Furthermore, the customer service is efficient and responsive, ready to assist its users at all times. However, potential users need to do their research and understand all the risks associated with forex trading. Overall, FBS India has proven to be a reliable and professional platform for online trading.