FBS Broker Review UAE – Forex with FBS Broker in UAE
FBS Broker is one of the most popular forex brokers in the UAE. They have gained the confidence of UAE forex traders by initially offering a no deposit bonus of 50 USD. In addition, FBS Broker Dubai complies with the standards set by the IFSC and accepts traders from all over the world. Therefore, you can rest assured to trade with FBS Broker UAE in a safe and transparent trading environment. To know about the trading market, read this FBS Broker Review UAE article.
FBS offers unique Forex trading platforms, such as MT4 and MT5, with built-in analysis tools. All Expert or professional analysis tools and indicators are accessible to FBS Forex traders on multiple devices and web browsers. FBS provides various resources for their Forex traders to trade and helps them through Market Alerts, Forex News, Daily, and Weekly Analysis. When trading with FBS Forex, you can trade Forex pairs, Commodity CFD, and Cryptocurrency CFD with the most competitive spreads. Depositing and withdrawing assets to and from the FBS UAE account is easy and fast. These features make FBS Broker UAE a sought-after Forex broker in Dubai and the UAE.
FBS Broker UAE Offers and Bonuses
- Get up to 100% Bonus
- Swap Free Islamic Account Available
- Easy payment processing
- Wide range of Global Payment systems
- Low spread on trades
- Several Account types to select
FBS Review UAE – Advantage and Disadvantage
- Dedicated website in Arabic language for GCC countries. Robust and feature-rich trading platform MT4 and MT5 with ECN pricing.
- Quick and easy deposit and withdrawal processing while accepting deposits through Money Exchange companies.
- Complies with IFSC vide license IFSC/60/230/TS/18;
- No deposit BONUS of $100 and 100% First Time Deposit Bonus
Free demo trading account with full access to all features on the platform. Excellent support and personalized account manager with their local language support. FBS in Dubai is one of the trusted brokers for Forex trading in the UAE. They provide Commodity CFD, Forex CFD, and Cryptocurrency CFD trading in a single account. You can also get a free bonus of $ 50 and start trading in real market conditions. FBS Dubai has got the best customer service in the industry. FBS offers a fast fund deposit and withdrawal process for clients.
The FBS Broker Deposit Methods
You can choose from the various payment methods available with FBS Broker. Traders can deposit assets using Visa, Neteller, Skrill, STICPAY, Perfect Money, BitWallet, and local exchangers. Contact with your trading account manager to find out the local exchangers available near you
Check the availability of local exchanges in your country to credit your account. Local exchangers usually take one day to process the payment.
FBS Broker UAE Account Types and Minimum deposit
FBS Broker UAE offers five types of accounts to meet your trading needs: Cent Account, Micro Account, Standard Account, Zero Spread Account, and Unlimited Account. Cent account starts with just one deposit. However, a standard account is recommended, beginning with a 100 deposit. In addition to these five trading accounts, each trader can have a free demo account.
Most forex traders in the UAE prefer to trade on a Standard or ECN account. This is because of the low spread involved in FBS. For micro account and cent account amateur traders who want to get first-hand experience in forex trading.
Is FBS Broker legal in UAE?
FBS Broker is a legitimate forex trading company operating since 2009 with thousands of clients from the UAE. FBS Broker is valid in UAE and accepts traders from UAE and GCC countries. It has a dedicated website for Arabic-speaking countries, www.FBS.ae. You can choose from a variety of accounts according to your trading style. Islamic Forex trading accounts are also available. If you need an Islamic Forex trading account, you must talk to your account manager.
FBS complies with the International Financial Commission, which guarantees the trader 20,000 euros in compensation if a dispute is settled on behalf of the trader. Traders can file a complaint against the broker, and this will be handled professionally and impartially by the IFSC.
Opening an Account
Forex traders should open an account online in a few simple steps that have become the norm in today’s forex industry. First, regular verification documents are required, and AML and KYC requirements must be met by FS regulator CySEC. Then, before the traders can access their back-office, it will only take a few moments for the registration part from where more documents can be uploaded.
FBS Forex Trading UAE – Trading Platforms
FBS uses a (NDD) non-dealing desk system with STP for faster order execution. Clients choose two platforms to access the market after registration and login.
FBS MetaTrader4 (MT4) is a market-leading platform that FBS traders can download for PC. The FBS trading platform includes a range of features:
- A one-click execution and copy-trading
- Expert Advisors (EA) service and APIs
- Support for traders using a virtual private server (VPS)
FBS broker recently added MT5 integration to its portfolio. This broker is a recent update to MT4 with greater versatility that offers the following:
- Hedging & netting
- Market depth view
- More technical indicators
- More order types and timeframes
MT4 and MT5 WebTrader solutions are available without downloading through any browser. This service works on all operating systems and has all the unique features of the original software.
Markets and Assets for trading
Traders can access a wide range of assets on FBS MT4 and MT5 trading platforms for trading:
- Metals – four precious metals
- Forex – 28 plus standard pairs plus 16 exotics
- Energies – WTI and Brent crude oil
- Indices – a long list of cash-based indexes, including the NASDAQ
- Stocks (global only) – 30 UK, 40 US, and 30 German company shares
- Cryptocurrency – Crypto trading is available through the FBS Trader app and the web-based Personal trading platform. Cryptos can be traded and in a range of 35 pairs – crypto/crypto or crypto/fiat, LTC/USD, and such as BTC/USD
Forex TV section has the most attention in the weekly Insights, Daily Trading Plans, Webinars, and FBS sections. It is a great feature and offers the best service to Forex users. The weekly insights section of FBS may be the most relevant that takes users through important events marked on the economic calendar.
Daily Market Analysis
FBS Daily Market Analysis is divided into The Technical Analysis and Fundamental Analysis. It can offer the best features offered by this broker. As a result, UAE Forex traders can easily navigate the study. Still, the scope of every analysis is somewhat limited and refined into a few essential aspects of technical analysis, summarized in one article.
FBS Broker Review UAE – Trading Fees
The spreads offered by FBS vary according to the type and region of the account. For example, for EUR / USD, Global Firm offers 3.0 pip in its micro account, 1.1 pip in standard and cent accounts, and zero pip spread is zero and ECN accounts.
The same spread 0.7 pip with both Standard and Cent accounts in the EU. Our review is pleased to see competitive spreads with Zero and ECN account.
The Global Branch charges a fixed rate commission of $ 20 per lot on the Zero Spread trading account and $ 6 on the ECN account. In addition, it charges $ 3 for stock trading and $ 25 for CFD trading. The commission for opening and closing positions in the broker’s crypto trading account is 0.05%.
FBS charges an overnight rollover fee (exchange-free available) and a $5 cancellation fee for transactions that take advantage of price delays. In addition, accounts deactivated for 180 days are charged a €5 monthly fee.
The maximal leverage available depends on the type of account and the branch. In the EU, brokers offer leverage up to 1:30 in standard and cent account types. Worldwide, it provides up to 1: 1000 in cent accounts, 1: 500 in ECN accounts, and up to 1: 3000 in other account types.
FBS broker’s margin calls are 40% or less. Here it is right to close the position of traders.
FBS Review UAE – Trading Hours
FBS Broker website is available at all times. The opening time of each asset depends on the market and time zone, but Forex runs 24 hours a week.
The FBS broker also provides a Virtual Private Server (VPS) service, which allows clients to place their trading platforms 24/7 on a virtual machine.
FBS Forex Review UAE – Customer Support
Customer support is available in English, Spanish, Portuguese, French, German, and Italian:
- Email – firstname.lastname@example.org
- Live chat – logo in the bottom right
- Contact number is – +357 25313540
Address is – Vasileos Georgiou A 89, Office 101, Potamos Germasogeias 4048, Limassol, Cyprus
FBS ensures the client’s personal information and privacy are protected. Transaction information is also secured using Transport Layer Security (TLS). MetaTrader trading platforms also offer dual-factor authentication at the login level for added security.
Contact options including easy live chat, callback, and WhatsApp are available on the global website. Read about other Forex Brokers in UAE.
FBS Review UAE – FBS Verdict
FBS platform is an international forex broker that offers the FBS Trader app, low deposit, and various trading accounts with MT4 and MT5 integration. As a result, spreads are competitive, and new and advanced traders will feel at home with this broker.
FBS allows traders from United Kingdom, South Africa, Thailand, Hong Kong, India, France, Australia, Germany, Norway, Italy, Denmark, Singapore, United Arab Emirates, Sweden, Saudi Arabia, Kuwait, Luxembourg, Qatar, and most other countries.
Traders cannot use FBS from the United States, Japan, Canada, Myanmar, Brazil, Israel, and Iran
Final Thoughts on FBS
For one reason, FBS is one of the most popular places to trade CFDs, stocks, and Forex. Residents of the EU and the UK, in particular, may like the power of FBS’s offerings, which include careful regulatory oversight, fund separation, ICF coverage, and a wide range of tradable instruments. However, although international account holders can open more than standard accounts, high leverage should always be approached with caution.
Accordingly, although FBS can meet the needs of experienced traders with higher risk tolerance, it meets the needs of newcomers irresistibly. Built on a popular MT4 or MT5 platform, a secure, streamlined business environment provides an instant “home” feel. It is backed by a powerful educational library kit full of videos, webinars, and articles on using the FBS ecosystem and getting the most out of it. Investment in general. Adding copy-trading functionality contributes to the completeness of FBS’s platform, and the icing on the cake is a support team that is ready 24/7 to help traders use the many tools they have access to.
Where is FBS from?
FBS is based in Limassol, Cyprus.
How does the FBS platform make money?
FBS platform makes money from spreads in currency pairs and trader losses in accounts where the broker acts as their counterparty.
How can traders deposit into an FBS account?
FBS offers credit cards, Skrill, bank wires, and Neteller.
What is the minimal lot size at FBS?
FBS has a minimal lot size requirement of 0.01 standard lots.
Is FBS regulated?
FBS is regulated by (CySEC) the Cyprus Securities and Exchange Commission.
What’s the maximal leverage offered by FBS?
FBS offers maximal leverage of 1:30 in all accounts.
How to open an account with the FBS Platform?
FBS offers a quick and easy online application form.
When is a margin call on FBS?
FBS did not specify any type of levels for its margin call policy on its website.
Does FBS offer the MetaTrader4 Trading Platform?
Yes, FBS offers the full suite of the MT4 trading platform.