FBS Singapore Review
Overview
Singapore is a major hub for Forex trading, it hosts several local offices of well-known Forex brokers. FBS trading is a Cypriot Forex Broker owned and operated by Treadstone Limited, headquartered in Limassol, Cyprus. The brokerage was established in 2009 and is regulated by the Cyprus Securities and Exchange Commission (CySEC), license number 331/17. Since its inception, FBS has received more than 40 international recognitions and awards and is home to 13,000,000 traders. According to the FBS broker, 7,000 new accounts are opened every day. And FBS accepts and processes a withdrawal request every 20 seconds. So, read this FBS Review Singapore and trade with them.
In addition, 80% of FBS clients are loyal to brokers, and 48% of inventory trading revenue is generated as their main source of income on FBS. As a truly global fx broker, FBS serves clients in 190 countries and expands its market share daily. The 24/7 customer service team typically responds to requests in less than 30 seconds and speaks multiple languages. Negative balance protection provides another level of security and protects traders from critical market developments and volatile price changes. FBS accepts traders from Singapore.
- Website: fbs.com
- Country: Belize
- Regulation: CySEC, IFSC
- Established: 2009
- Maximum Leverage: 1:3000
How is FBS Singapore Regulated?
The Monetary Authority of Singapore (MAS) regulates FBS Singapore. MAS is the central bank of Singapore and is responsible for overseeing the financial system in Singapore. Singapore’s financial markets commit to protecting the interests of consumers and maintaining trust. It is committed to protecting the interests of consumers and maintaining trust in Singapore’s financial markets. MAS requires FBS Singapore to comply with all applicable laws and regulations, including dealing with customer complaints in a timely manner, preventing money laundering, and ensuring the safety of customers’ funds. FBS Singapore also holds a Capital Markets Services (CMS) license, which allows it to offer certain trading services.
Account Types
Standard Account
- Designed for traders of all levels looking for optimal conditions.
- Minimum deposit: from $1
- Leverage up to 1:3000
- No commission
- Floating spread from 0.5 pips
- 5 crypto pairs, 127 stocks, 11 indices, 3 energies, 8 metals, and 36 Forex pairs
Cent Account
- For small amount trades and testing strategies. A low-risk account.
- Minimum deposit: from $1
- Leverage up to 1:1000
- No commission
- Floating spread from 1 pip
- 36 Forex pairs, 8 metals, 3 energies, 11 indices, 127 stocks, and 5 crypto pairs.
Pro Account
- Algo trading and account for large orders.
- Minimum deposit: from $200
- Leverage up to 1:2000
- No commission
- Floating Spread from 0.3 pips
- 36 Forex pairs, 8 metals, 3 energies, 11 indices, 127 stocks, and 5 crypto pairs.
Trading Assets
FBS Singapore offers an extensive range of trading assets such as Forex, Metals, Indices, Cryptocurrencies, Commodities, Shares, and ETFs. With 36 currency pairs, 8 metals, 3 energies, 11 indices, 127 stocks, and 5 crypto pairs, traders have access to a wide variety of markets and can diversify their portfolios accordingly.
Trading Platforms
- FBS Trading App
At the FBS trading app, you have access to comprehensive charts and tools to help you analyze price movements and make informed decisions. The platform also features easy-to-set risk management tools so you have everything you need to succeed. Experience trading Forex, stocks, metals, energies, indices, and cryptocurrencies all in one convenient mobile trading app. Get access to detailed information for each asset. No matter where you are, enjoy quick access to your profits and orders! FBS’s mobile trading app allows for deposits and withdrawals 24/7, with over 100 payment methods available—both international and local. Multilingual customer support is available 24/7. FBS Trading App is available to download at Google Play store for Android and Apple Store for iOS.
- MetaTrader 4
MetaTrader 4 is a reliable and powerful trading platform designed with the needs of both experienced and novice traders in mind. It allows users to access a wide range of financial markets and instruments, including Forex, CFDs, stocks, futures, and indices. With FBS MetaTrader 4, users can also access a variety of trading tools. It includes advanced technical analysis, automated trading, and market news. The platform is also fully customizable, allowing users to adjust settings and tweak the interface to suit their individual trading style. FBS MetaTrader 4 is a secure and reliable platform that can help traders of all skill levels reach their financial goals.
- MetaTrader 5
MetaTrader 5 is the most advanced trading platform for Forex and CFD markets. It offers a wide range of features that make it the ideal choice for both novice and experienced traders. Some of the key features of MetaTrader 5 include a user-friendly interface, a range of technical indicators, real-time market data, charting tools, automated trading, and more. MetaTrader 5 also provides access to a wide selection of trading instruments, so traders can choose the best option for their needs. Additionally, MetaTrader 5 is available on both desktop and mobile devices, making it easier to trade from anywhere. With its advanced features and easy-to-use interface, MetaTrader 5 is an excellent choice for any trader.
Deposit and Withdrawal Options
When it goes to deposit options and withdrawal options, FBS sticks to the basics again. Forex traders choose credit cards, bank wire, and Skrill or Neteller, both regulated in the EU. In addition, all deposit fees are waived, which are listed as instantaneous except for standard industrial practice and cable transfer during deposit.
Withdrawal options and deposit options are the same. Forex traders need to be asked to withdraw money the same way the deposit was handled. This is also a common practice in the Forex market. The positive for FBS is that they waive all withdrawal fees, but Forex traders may still face charges from the payment processor. Credit card withdrawal requests are handled on the same business day, bank wires within 48 hours, and Skrill or Neteller requests within a maximum of 48 hours within 15-20 minutes.
Margin and Leverage
Leverage allows traders to open larger positions with a smaller amount of capital and FBS Singapore offers up to 1:3000 leverage for forex trading. With FBS Singapore, traders can maximize their trading potential and take advantage of the most favorable market conditions. This gives traders the ability to diversify their portfolios and capitalize on any market movements. You have the choice of using leverage from 1:50 up to 1:3000 when trading with FBS, which will depend on your account type. Furthermore, FBS Singapore provides features such as negative balance protection, price alerts, and live customer support. This makes it a great choice for both beginner and experienced traders.
Is FBS Singapore a Legal Broker?
The Monetary Authority of Singapore (MAS) regulates FBS Singapore as a broker. It holds an Investment Dealer License from the Central Bank of Myanmar and is regulated by the International Financial Services Commission (IFSC). FBS Singapore is a legal broker and is authorized to provide financial services such as forex trading, CFD trading, and cryptocurrency trading. All of its services are in full compliance with the MAS regulations and the global financial regulations. FBS Singapore commits to providing its clients with a safe and secure trading environment, making them a reliable broker.
FBS Singapore – Conclusion
In conclusion, FBS Singapore is a reliable and reputable forex broker that offers a wide array of services and features to help traders be successful in their trading. The broker provides excellent customer service, competitive spreads, and a secure trading environment. Furthermore, FBS Singapore provides a wide selection of financial products and tools to help traders make informed decisions and maximize their profits. With all these features, FBS Singapore is an ideal choice for traders of all levels.