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!! Regulator Warning !!
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.43% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
I liike the simplicity that comes with FBS and the low entry requirements and high leverage, its perfect for starters
FBS supports non-document verification so you do not need to upload your means of ID to open an account, you just input the ID number which is great. I wish they didnt charge any withdrawal fees. They are not the best broker out there but they are definitely worth considering if you are a casual trader.
Everything is so low quality with this broker. Their mobile app is low quality and slow, their MetaTrader also slow and they charge withdrawal fees to make it worse.
The deposit and withdrawal conditions are a waste of time. If you deposit say 3 times a day you must split your withdrawal into 3 if not they say the money could get suspended. What kind of talk is that,
Been trading with FBS for 2 years now and I like their execution speed and tight spreads but I think they should add more account base currencies (especially for African countries) and also add start offering crypto CFDs
FBS has this funny and inconvenient withdrawal policy that if you paid in say R100 two times then when you want to withdraw you cannot withdraw R200 at once, you must split it into two separate R100 withdrawals. When I was trading with them that was the withdrawal policy I don't know if it has changed. It is not only time wasting but means paying withdrawal fees twice. Overall they are a good broker so 3 stars
I am enjoying FBS especially their 1:3000 leverage and the fact that I can withdraw as little as $1. Yes they charge 2.5% withdrawal fee but it is negligible. They should improve on the account currencies available by adding more account base currencies
FBS is a good forex broker especially if you are trading on a budget. Their fees are not high and they are very flexible. I opened my account and verified my documents within 4 minutes! fastest ever with any broker I have traded with. Someone dropped a comment about their mobile app, I faced a similar challenge but the trick is to login with your email address instead of trying to login with your google profile. Their mobile app is really good.
The broker is okay but they should improve on their customer service please. At least when someone opens an account welcome them even if its with an email and ask if they are facing any challenges.
Their mobile app is bs! It loads and loads before it manages to open. I only like them for their low minimum withdrawal and support for several withdrawal methods.
FBS is a regulated forex broker that accept Nigerians with a $5 minimum deposit & offers 24/7 support