Overall, FBS can be summarised as a trustworthy and highly regulated Forex Broker that is very competitive in terms of its trading fees. FBS offers an easy-to-use social copy trading platform with excellent customer support. FBS offers six retail trading accounts: Cent, Micro, Standard, Zero, ECN, Pro, and Crypto Account.  FBS has a trust score of 75 out of 99.

 

🧑‍⚖️ Order Execution	4/5
💵 Commissions and Fees	5/5
📈 Range of Markets	4/5
📉 Variety of Markets	4/5
⏱️ Withdrawal Speed	4/5
👥 Customer Support	4/5
📊 Trading Platform	5/5
🎓 Education	4/5
🗂️ Research	4/5
⌛ Regulation	3/4
📱 Mobile Trading	4/5
💯 Trust Score	75%

 

 

 

FBS Review – Analysis of Brokers’s Main Features

 

1. ☑️ FBS Overview
2. ☑️ FBS Detailed Summary
3. ☑️ FBS – Advantages over Competitors
4. ☑️ Who will Benefit from Trading with FBS?
5. ☑️ FBS Safety and Security
6. ☑️ FBS Bonuses and Promotions
7. ☑️ FBS Affiliate Program Features
8. ☑️ FBS Account Types and Features
9. ☑️ FBS Base Account Currencies and Basic Order Types
10. ☑️ FBS – Slippage and Requote Policy
11. ☑️ How to Open and Close an FBS Account
12. ☑️ FBS Trading Platforms
13. ☑️ Which Markets Can You Trade with FBS?
14. ☑️ FBS Fees, Spreads, and Commissions
15. ☑️ FBS Deposits and Withdrawals
16. ☑️ FBS Education and Research
17. ☑️ FBS Customer Support
18. ☑️ FBS VPS Review
19. ☑️ FBS Corporate Social Responsibility
20. ☑️ FBS Cashback Rebates Features and Conditions
21. ☑️ FBS Web Traffic Report
22. ☑️ FBS Geographic Reach and Limitations
23. ☑️ FBS vs LiteFinace vs easyMarkets – A Comparison
24. ☑️ FBS Alternatives
25. ☑️ FBS Awards and Recognition
26. ☑️ Recommendations according to our in-depth review of FBS
27. ☑️ FBS Customer Reviews
28. ☑️ Pros and Cons of Trading with FBS
29. ☑️ In Conclusion
30. ☑️ Frequently Asked Questions

 

 

 

FBS Overview

 

FBS has cemented its status as a trusted broker for Ivory Coast traders, providing a secure and transparent trading environment backed up by regulation from renowned bodies such as the IFSC, CySEC, and ASIC.

Traders in the Ivory Coast can navigate the markets effectively thanks to a user-friendly custom trading platform and MetaTrader integration, as well as trading accounts tailored to different experience levels, from beginners to experts in forex trading.

The varied trading conditions, including a maximum leverage of 1:3000, accommodate both conservative and aggressive trading approaches. Furthermore, FBS’s educational materials and resources, and 24-hour customer support give a solid foundation for traders to develop and perfect their techniques.

Although FBS’s asset range may appear limited, and there is a lack of local office support in the Ivory Coast, the positives, such as competitively tight spreads and sophisticated trading tools, make it an appealing option for Ivory Coast traders seeking a professional, reputable, and flexible broker

 

 

 

FBS Detailed Summary

 

Broker	FBS
🏦Headquartered	Belize
🌎Global Offices	Malaysia, Laos, Thailand, Dubai, Brazil, Turkey
📈Local Market Regulator in Ivory Coast	Banking Commission of the West African Economic Monetary Union (WAEMU)
✳️Foreign Direct Investment in Ivory Coast	1.4 billion USD (2021)
💷Foreign Exchange Reserves in Ivory Coast	2.5 million USD (April 2024)
🏠Local office in Yamoussoukro	None
👤Governor of SEC in Ivory Coast	None
✔️Accepts Ivory Coast Traders?	✅ Yes
🔢Year Founded	2009
☎️Ivory Coast Office Contact Number	None
💻Social Media Platforms	Facebook Twitter Telegram Instagram YouTube
🖋️Regulation	IFSC, CySEC, ASIC
🥉Tier-1 Licenses	Australian Securities and Exchange Commission (ASIC)
🥈Tier-2 Licenses	Cyprus Securities and Exchange Commission (CySEC)
🥇Tier-3 Licenses	International Financial Service Commission (IFSC) in Belize
🔢License Number	Belize - 000102/198 Cyprus (Tradestone) – 331/17 Australia (IFM) – 426359
☑️Banking Commission of WAEMU Regulation	None
❌Regional Restrictions	Japan, United States, Canada, United Kingdom, Myanmar, Brazil, Malaysia, Israel, the Islamic Republic of Iran
☪️Islamic Account	✅ Yes
🗂️Demo Account	✅ Yes
✏️Non-expiring Demo	✅ Yes
⌚Demo Duration	Unlimited
👤Retail Investor Accounts	7
📝PAMM Accounts	None
⚙️Liquidity Providers	Currenex
🤝Affiliate Program	✅ Yes
🧑‍⚖️Order Execution	Market
➡️OCO Orders	None
🖥️One-Click Trading	✅ Yes
🏷️Scalping	✅ Yes
🛎️Hedging	✅ Yes
🗣️Expert Advisors	✅ Yes
📰News Trading	✅ Yes
👉Trading API	✅ Yes
📌Starting spread	0.0 pips
💵Minimum Commission per Trade	From $6
💶Decimal Pricing	5th decimal pricing after the comma
🚩Margin Call	40%
🛑Stop-Out	20%
⬇️Minimum Trade Size	0.01 lots
⬆️Maximum Trade Size	500 lots
💰Crypto trading offered?	✅ Yes
✔️Offers an XAF Account?	None
👤Dedicated Ivory Coast Account Manager?	None
⬆️Maximum Leverage	1:3000
❌Leverage Restrictions?	None
💷Minimum Deposit (XAF)	600 XAF ($1)
💵Deposit Currencies	All, deposits will be converted to USD or EUR
✏️Are XAF Deposits Allowed?	✅ Yes
💴Account Base Currency	USD, EUR
📈Active Ivory Coast Trader Stats	Unknown
👥Active FBS customers	23 million+
👩‍👧‍👧Active FBS customers in Ivory Coast	Unknown
🔢Ivory Coast Daily Forex Turnover	$5 trillion+ (Overall Forex Globally)
💳Deposit and Withdrawal Options	Perfect Money Bitcoin Credit/Debit Card Sticpay
⏰Minimum Withdrawal Time	15 – 20 minutes
🕰️Maximum Estimated Withdrawal Time	5 – 7 working days
☑️Instant Deposits and Instant Withdrawals?	✅ Yes, deposits
⚠️Segregated Accounts?	✅ Yes
🗂️Segregated Accounts in Ivory Coast?	None
📊Trading Platforms	FBS Trader MetaTrader 4 MetaTrader 5 CopyTrade Platform
📉Trading Platform Time	UTC +3
🧐Observe DST Change	✅Yes
⌚DST Change Time zone	Eastern European Time (EET)
💎Tradable Assets	Forex Precious Metals Indices Energies Stocks Exotic Forex Cryptocurrencies
$ FBS USD/XAF Forex Pair?	None
📊Are local Stocks and CFDs offered?	None
Languages supported on the Website	English, German, Spanish, French, Italian, Portuguese, Indonesian, Malay, Vietnamese, Turkish, Korean, and others
🗣️Customer Support Languages	Multilingual
📌Copy Trading Support	✅ Yes
⏱️Customer Service Hours	24/7
👥Customer Support in Ivory Coast?	None
🎁Bonuses and Promotions for Traders?	✅ Yes
🎓Education for beginners	✅ Yes
💻Proprietary trading software	✅ Yes
✴️Most Successful Ivory Coast Trader	Unknown
☑️Is FBS a safe broker for traders?	✅ Yes
🔢Rating for FBS in Ivory Coast	9/10
💯Trust score for FBS in Ivory Coast	75%

 

 

 

FBS – Advantages over Competitors

 

FBS has the following notable advantages over competitors:

 

• ✅ FBS is regulated by reputable organisations, ensuring high security and integrity, which is particularly important for Ivory Coast traders seeking a safe trading environment.
• ✅ Ivory Coast traders can benefit from FBS’s “Cent account,” specifically for beginners or those seeking low-risk trading. This account allows trading with real money starting at just $1 and supports micro-lot trading, reducing risk even further.
• ✅ FBS offers competitive spreads on a wide range of assets, including the possibility of negative spreads on certain instruments. This is advantageous for Ivory Coast traders utilising strategies like scalping.
• ✅ Ivory Coast traders can employ various trading strategies on FBS’s platform, including hedging, scalping, and algorithmic trading, providing flexibility and catering to different trading preferences.
• ✅ FBS has been honoured with 70 prestigious international awards, reflecting its outstanding reputation and service excellence, making it a trusted choice for Ivory Coast traders.
• ✅ FBS offers a user-friendly proprietary trading platform tailored to Ivory Coast traders’ needs, especially those new to trading.
• ✅ Ivory Coast traders can select from six different account categories on FBS, each with unique features and benefits, such as the Micro, Standard, Zero-spread, ECN, and Crypto accounts, enabling traders to choose the account that aligns with their specific requirements.

 

Finally, FBS is a popular choice for scalpers in Ivory Coast due to its quick execution speed, with orders processed in 0.4 seconds, and the broker allows the usage of a VPS for enhanced trading efficiency.

 

 

Who will Benefit from Trading with FBS?

 

Ivory Coast traders who prioritise low spreads (especially for scalping), seek minimal risk (through the Cent account), and value the flexibility of different account types to suit their trading strategies will benefit the most from trading with FBS.

 

 

 

FBS Safety and Security

 

FBS Regulations in Ivory Coast

 

FBS is not currently regulated by the Banking Commission of the West African Economic Monetary Union (WAEMU). However, as per the table in the following section, FBS is well-regulated by several reputable market regulators in other countries.

 

🔍Registered Entity	🌎Country of Registration	🚩Company Reg.	📌Regulatory Entity	🏅Tier	🔢License Number/Ref
🥇FBS Markets, Inc.	Belize	N/A	IFSC	3	000102/460
🥈Tradestone Ltd	Cyprus	353534	CySEC	2	331/17
🥉Intelligent Financial Markets Pty Ltd	Australia	ABN 48 155 185 014	ASIC	1	426359

 

How FBS Protects Ivory Coast Traders and Client Funds

 

🔍Security Measure	ℹ️ Information
🗂️Segregated Accounts	✅ Yes
👤Compensation Fund Member	✅ Yes
💵Compensation Amount	20,000 EUR or 90% of the claim
✏️SSL Certificate	✅ Yes
✔️2FA (Where Applicable)	✅ Yes
⛔Privacy Policy in Place	✅Yes
⚠️Risk Warning Provided	✅ Yes
❌Negative Balance Protection	✅ Yes
🛑Guaranteed Stop-Loss Orders	None

 

Security while Trading

 

FBS offers unique features and benefits that make it an attractive choice for traders. Firstly, FBS is regulated by reputable international financial authorities. This multi-regulation ensures that FBS operates per stringent trader protection and security guidelines, providing peace of mind to traders.

One of the key advantages of trading with FBS is the availability of multiple account types. This allows traders to choose the account that suits their needs and trading strategies.

Whether traders are beginners looking for low-risk options or experienced professionals seeking advanced features, FBS caters to a diverse range of traders.

FBS seamlessly integrates with popular trading platforms, MetaTrader 4 and MetaTrader 5. These platforms are renowned for their high level of security and widespread use among traders worldwide.

By offering compatibility with MetaTrader, FBS ensures that traders enjoy a familiar and reliable trading experience.

In terms of customer support, FBS stands out by providing 24/7 assistance. This means that traders can access support whenever needed, ensuring prompt resolution of any issues or inquiries that may arise during their trading journey.

FBS recognises the importance of convenient and secure payment options. They support various payment methods, including credit and debit cards, Apple Pay, and bank transfers. Importantly, FBS does not charge any deposit fees for these payment methods.

Additionally, the payment methods offered by FBS are adaptive, adjusting based on the trader’s country to ensure compatibility with local financial systems.

FBS offers the advantage of low minimum deposits for traders with varying investment capacities. This accessibility allows traders with different budgetary constraints to participate in the financial markets and take advantage of the opportunities presented.

To further enhance the trading experience, FBS provides a mobile app. This mobile app lets traders conveniently access their accounts and execute trades while on the go.

Mobile apps often incorporate advanced security features such as data encryption and biometric authentication, ensuring the safety of traders’ sensitive information.

 

Pros and Cons Regulation and Safety of Funds

 

✅ Pros	❎ Cons
FBS provides robust security features on the website and trading platforms	The FSCA license for FBS was withdrawn recently
All retail accounts are protected by negative balance protection	FBS is not locally regulated in the Ivory Coast

 

 

 

FBS Bonuses and Promotions

 

FBS offers Ivory Coast traders the following bonuses and promotions:

 

• ✅ FBS Traders Parties
• ✅ Get a Car from FBS
• ✅ Level-up Bonus
• ✅ 100% Deposit Bonus
• ✅ Cashback bonus
• ✅ Quick Start Bonus
• ✅ Referral Program
• ✅ Risk-free investments
• ✅ Loyalty Program
• ✅ Trade to Help
• ✅ FBS Winning Season
• ✅ FBS Leaders’ Summit
• ✅ FBS League
• ✅ FBS Gift Season

 

 

 

FBS Affiliate Program Features

 

The FBS Affiliate Program presents an enticing opportunity for Ivory Coast traders to establish their own businesses with zero initial investment. It distinguishes itself with an attractive commission structure that offers substantial earnings for referring new clients to FBS.

Notably, commissions are tied to the trading activity of referred clients, providing strong incentives for partners to promote FBS services.

Depending on the client’s account type and trading instruments used, commissions can range from $10 to $80 per lot. The program ensures prompt commission payments, transparent financial management through the Partner Area, and flexible withdrawal options.

Additionally, the “Cascades by FBS” multi-level partnership structure enhances profitability while a wide array of tools and resources support effective promotion and business growth.

 

How to open an Affiliate Account with FBS

 

To register an Affiliate Account, Ivory Coasts can follow these steps:

 

• ✅ Open a partner account on the FBS website.
• ✅ Log in to your Personal Area and obtain your unique referral link, which stores client information for 30 days.
• ✅ Promote the referral link across multiple sources, utilizing FBS’s provided promotional materials.
• ✅ Monitor your referred customers’ trading activity and receive commissions.

 

 

 

FBS Account Types and Features

 

🔍Live Account	💵Minimum Dep.	⏱️Average Spread	💷Commissions	$ Average Trading Cost
🥇Cent	600 XAF/$1	0.3 pips	None	8 USD
🥈Micro	600 XAF/$1	3 pips	None	30 USD
🥉Standard	600 XAF/$1	0.5 pips	None	8 USD
🏆Zero	600 XAF/$1	0.0 pips	$20 per lot	20 USD
🏅ECN	600 XAF/$1	0.0 pips	$6	6 USD
💎Pro	120,000 XAF / $200	0.5 pips	None	5 USD
💰Crypto	600 XAF/$1	1 pip	0.05%	8 USD

 

FBS Cent Account

 

The Cent Account is designed for novice traders, allowing them to start with small investments and trade in micro-lots. With a minimum deposit of 600 XAF (equivalent to $1), traders can access floating spreads starting from 1 pip.

This account type offers a low-risk environment for learning and practising trading strategies, supporting up to 1:1000 leverage.

 

🔍Account Feature	💵Value
💴Minimum Deposit	600 XAF, equivalent to $1
⏱️Average spread	Floating, from 1 pip
💷Commission	None
📈Leverage	Up to 1:1000
⬆️Maximum opening positions	200
➡️Order volume	Between 0.01 to 1,000 cent lots
🧑‍⚖️Market Execution	From 0.3 seconds, STP
📊Trading Platform	MetaTrader 4 MetaTrader 5 FBS Trader
💎Tradable Instruments	Forex Precious Metals Indices Energies Forex Exotic Pairs Stocks
☪️Swap-Free Islamic Option	✅ Yes

 

FBS Micro Account

 

The Micro Account is a suitable choice for traders who prefer smaller volumes. With the same minimum deposit as the Cent Account, this account offers fixed spreads starting from 3 pips. It caters to precise position sizing and allows leverage of up to 1:3000.

 

🔍Account Feature	💵Value
💴Minimum Deposit	600 XAF, equivalent to $1
⏱️Average spread	Fixed, from 3 pips
💷Commission	None
📈Leverage	Up to 1:3000
⬆️Maximum opening positions	200
➡️Order volume	Between 0.01 to 500 lots
🧑‍⚖️Market Execution	From 0.3 seconds, STP
📊Trading Platform	MetaTrader 4 FBS Trader
💎Tradable Instruments	Forex Precious Metals
☪️Swap-Free Islamic Option	✅ Yes

 

FBS Standard Account

 

The Standard Account provides a versatile option for traders with access to various trading instruments and features.

With a minimum deposit of 600 XAF, traders can benefit from floating spreads starting from 0.5 pip and leverage up to 1:3000. This account type supports various trading strategies. It is suitable for both beginner and experienced traders.

 

🔍Account Feature	💵Value
💴Minimum Deposit	600 XAF, equivalent to $1
⏱️Average spread	Floating from 0.5 pip
💷Commission	None
📈Leverage	Up to 1:3000
⬆️Maximum opening positions	200
➡️Order volume	Between 0.01 to 500 lots
🧑‍⚖️Market Execution	From 0.3 seconds, STP
📊Trading Platform	MetaTrader 4 MetaTrader 5 FBS Trader
💎Tradable Instruments	Forex Precious Metals Indices Energies Forex Exotics Stocks
☪️Swap-Free Islamic Option	✅ Yes

 

FBS Zero Account

 

Traders looking for tighter spreads and faster execution may opt for the Zero Account.

With fixed spreads starting from 0 pips and a commission of $20 per lot, this account type is ideal for those prioritising precision and cost efficiency. Furthermore, it operates with market execution and has no requotes.

 

🔍Account Feature	💵Value
💴Minimum Deposit	600 XAF, equivalent to $1
⏱️Average spread	Fixed, 0 pips
💷Commission	From $20 per lot
📈Leverage	Up to 1:3000
⬆️Maximum opening positions	200
➡️Order volume	Between 0.01 to 500 lots
🧑‍⚖️Market Execution	From 0.3 seconds, STP
📊Trading Platform	MetaTrader 4 FBS Trader
💎Tradable Instruments	Forex Precious Metals Forex Exotics
☪️Swap-Free Islamic Option	✅ Yes

 

FBS ECN Account

 

The ECN Account offers direct market access, allowing traders to interact with liquidity providers. It provides transparent pricing, deeper liquidity, and fast execution.

With floating spreads starting from -1 pip and a commission of $6, this account type caters to advanced traders who require enhanced order execution and access to interbank markets.

 

🔍Account Feature	💵Value
💴Minimum Deposit	600 XAF, equivalent to $1
⏱️Average spread	Floating from -1 pip
💷Commission	$6
📈Leverage	Up to 1:500
⬆️Maximum opening positions	None
➡️Order volume	Between 0.01 to 500 lots
🧑‍⚖️Market Execution	ECN
📊Trading Platform	MetaTrader 4 FBS Trader
💎Tradable Instruments	25 forex currency pairs
☪️Swap-Free Islamic Option	None

 

FBS Pro Account

 

The Pro Account is specifically tailored for experienced traders seeking optimal trading conditions. With a minimum deposit of 120,000 XAF (equivalent to $200), this account type offers floating spreads starting from 0.5 pips and leverage up to 1:2000.

It supports expert advisors and advanced trading strategies, providing tight spreads, deep liquidity, and fast execution speed.

 

🔍Account Feature	💵Value
💴Minimum Deposit	120,000 XAF, equivalent to $200
⏱️Average spread	Floating from 0.5 pips
💷Commission	$0
📈Leverage	Up to 1:2000
⬆️Maximum opening positions	None
➡️Order volume	Between 0.01 to 500 lots
🧑‍⚖️Market Execution	STP, from 0.1 seconds
📊Trading Platform	MetaTrader 4 MetaTrader 5
💎Tradable Instruments	36 Forex pairs, 8 metals, 3 energies, 11 indices, 127 stocks, and 5 cryptocurrency pairs
☪️Swap-Free Islamic Option	None

 

FBS Crypto Account

 

For traders interested in cryptocurrency trading, the Crypto Account allows them to trade popular cryptocurrencies such as Bitcoin, Ethereum, and Litecoin.

With floating spreads starting from 1 pip and a commission of 0.05% for opening and closing positions, this account type offers competitive pricing and a secure trading environment.

 

🔍Account Feature	💵Value
💴Minimum Deposit	600 XAF, equivalent to $1
⏱️Average spread	Floating from 1 pip
💷Commission	0.05% for opening and 0.05% for closing positions
📈Leverage	1:5
⬆️Maximum opening positions	200
➡️Order volume	Between 0.01 to 500 lots
🧑‍⚖️Market Execution	From 0.3 seconds, STP
📊Trading Platform	MetaTrader 5
💎Tradable Instruments	Cryptocurrencies
☪️Swap-Free Islamic Option	None

 

FBS Demo Account

 

FBS also offers a demo account, allowing traders to practice trading with virtual funds and real-time market data on the MetaTrader 4 or MetaTrader 5 platforms. This helps traders simulate real trading conditions and test their strategies without risking real money.

Ivory Coast traders can also participate in the FBS League contest, adding excitement to their demo trading experience.

 

 

 

FBS Islamic Account

 

For Muslim traders adhering to Shariah principles, FBS offers Islamic accounts that comply with Islamic finance regulations.

These accounts are available in different types and provide features such as leverage ratios adhering to Islamic finance regulations, floating spreads, fast market execution, a wide range of trading instruments, and compatibility with FBS Trader, MetaTrader 4, or MetaTrader 5 platforms.

 

FBS Professional Account

 

FBS has recently added a Pro Account to its retail accounts, providing experienced traders with a customised account with the features necessary to participate in a competitive trading environment.

 

Pros and Cons FBS Account Types and Features

 

✅ Pros	❎ Cons
Traders can choose from several account types according to their trading experience, objectives, and trading needs	There is no equal distribution of financial instruments across account types
Negative balance protection is applied to retail accounts	Traders can still clear their trading balance when they use high-leverage ratios

 

 

 

FBS Base Account Currencies and Basic Order Types

 

FBS Base Account Currencies

 

Ivory Coast traders must note that FBS does not accept XAF accounts, so traders may incur conversion fees when depositing or withdrawing funds. These charges can impact trading costs and profitability, and traders should consider them when managing their accounts.

 

FBS Basic Order Types

 

FBS’s basic order types are as follows:

 

• ✅ Market Orders
• ✅ Pending Orders
• ✅ Take Profit
• ✅ Stop-Loss Orders

 

Market Orders

 

A Market Order is a request to buy or sell a Contract for Difference (CFD) at the prevailing market price as promptly as possible, opening a trade position. CFDs are purchased at the ASK price and sold at the BID price.

Furthermore, with FBS, Market Orders are available for all accounts. In addition, Market Orders can be accompanied by Stop Loss and Take Profit Orders.

 

Pending Orders

 

Pending Orders are requests to buy or sell a CFD at a pre-defined price in the future once a certain price is reached. FBS offers four Pending Orders: Buy Limit, Buy Stop, Sell Limit, and Sell Stop.

These orders are executed when the price reaches the specified level. However, executing at the requested price may be impossible under certain trading conditions. FBS can execute the order at the first available price in such cases.

Stop Loss and Take Profit Orders can be attached to a Pending Order and are valid until cancelled. In addition, Pending Orders are available for all accounts with FBS.

 

Take Profit

 

Take Profit Orders are intended to secure profit when the price of a CFD reaches a specific level. The execution of this order results in the complete closure of the entire position and is always connected to an open, market, or pending order.

In addition, the FBS platform checks long positions with the BID price and short positions with the ASK price to determine if the provisions of the Take Profit Order have been met.

 

Stop-Loss Orders

 

Stop-Loss Orders are used to minimise losses if the price of a CFD begins to move in an unprofitable direction. If the price of the CFD reaches the Stop-Loss level, the entire position will be automatically closed.

Stop-Loss Orders are always connected to an open, market, or pending order. The FBS platform checks long positions with the BID price and short positions with the ASK price to determine if the provisions of the Stop-Loss Order have been met.

 

FBS – Slippage and Requote Policy

 

FBS reserves the right to cancel client orders that do not comply with the terms or are executed at off-market quotes. This measure ensures fairness and maintains the integrity of the trading environment on the platform.

 

 

 

How to Open and Close an FBS Account

 

How to open an Account with FBS

 

To register an account with FBS, Ivory Coast, traders can follow these easy steps:

 

• ✅ Visit the FBS website and click the “Open an account” banner.
• ✅ Choose to register via a social network or manually enter the required data.
• ✅ Provide a valid email and full name for verification and smooth withdrawal processes.
• ✅ Click the “Register as Trader” button and create your password (recommended).
• ✅ Open the email confirmation link in the browser where the Personal Area is open.
• ✅ Once the email address is confirmed:
  • Choose between a Real account and a Demo account.
  • FBS offers various account types for different trading preferences and experience levels.
  • For beginners, the Cent account allows trading with smaller amounts of money.
  • Experienced traders can choose from Micro, Standard, ECN, Crypto, Zero Spread, or Pro accounts.
  • Select the MetaTrader version, account currency, and leverage according to your preference.
• ✅ After completing registration:
  • Save and keep your account information in a safe place.
  • Enter your account number (MetaTrader login), trading password (MetaTrader password), and MetaTrader server in MetaTrader 4 or MetaTrader 5 to start trading.

 

How to close My Account with FBS

 

To close a live trading account with FBS, Ivory Coast, traders can follow these steps:

 

• ✅ Ensure all funds, including invested capital and profits, have been withdrawn from the account.
• ✅ Close any open trades, such as selling stocks, closing forex trades, or exiting positions.
• ✅ Contact FBS customer support, available 24/7, to initiate the account closure process.
• ✅ Customer support will provide specific instructions on how to close your account, which may involve filling out a form or confirming the closure request via email.
• ✅ Once you have followed the broker’s process, await confirmation of the account closure, typically received through an email.

 

 

 

FBS Trading Platforms

 

MetaTrader 4

 

FBS offers the popular MetaTrader 4 (MT4) platform for Windows, Mac, Android, and iOS devices. It ensures data encryption for secure trading and supports expert advisors and scripts for automation and customisation.

With 50 indicators and charting tools, one-click trading, news integration, pending orders, hedging positions, and VPS support, MT4 provides a comprehensive trading environment.

 

 

 

MetaTrader 5

 

FBS presents the advanced MetaTrader 5 (MT5) platform with expanded features. Traders can create custom indicators, trading robots, and applications.

MT5 supports six types of pending orders, offers an integrated economic calendar, and provides 90 indicators and charting tools for detailed technical analysis. It retains one-click trading and news integration and introduces trading stocks and commodities alongside currencies.

 

 

 

FBS Trader App

 

The FBS Trader app offers a user-friendly trading experience with an intuitive layout and seamless switching between real and demo accounts.

It provides a comprehensive tutorial, educational videos, and an integrated economic calendar. Traders can easily monitor real-time statistics, open, close, and edit positions, and manage working orders.

 

Pros and Cons FBS Trading Platforms

 

✅ Pros	❎ Cons
Traders can trade using MT4 or MT5, two of the industry’s most popular platforms	The proprietary app is a gateway to MT4 and 5 and not a fully-functional independent app with robust features
Traders can register a demo account across these platforms	When Ivory Coast traders use MT4 and 5 on mobile, they lose functionality which is only on the desktop and web platforms

 

 

 

Which Markets Can You Trade with FBS?

 

Ivory Coast traders can expect the following range of markets from FBS:

 

• ✅ Forex
• ✅ Precious Metals
• ✅ Indices
• ✅ Energies
• ✅ Stocks
• ✅ Exotic Forex
• ✅ Cryptocurrencies

 

Financial Instruments and Leverage offered by FBS

 

🔍Instrument	🔢Number of Assets Offered	⬆️Max Leverage Offered
🏅Forex	37	1:3000
💎Precious Metals	4	1:333
📌Indices	12	1:33
📊Stocks	96	1:100
💰Cryptocurrency	100	1:5
🛢️Energies	5	1:33

 

Pros and Cons FBS Range of Markets

 

✅ Pros	❎ Cons
There are more than 100 crypto pairs that can be traded with leverage up to 1:5	Excessive leverage is extremely risky and can clear a trading account
Traders can expect access to forex major, minor, and exotic pairs on most accounts except the Crypto Account	There are fewer instruments offered than competitors

 

 

 

FBS Fees, Spreads, and Commissions

 

FBS Spreads

 

FBS charges fixed and variable spreads according to the account type that Ivory Coast traders use. Traders must note that while variable spreads are lower, they often change according to market conditions.

The typical spreads that traders can expect according to the trading accounts on EUR/USD are as follows:

 

• ✅ Cent Account – Variable, from 1 pip
• ✅ Micro Account – Fixed, from 3 pips
• ✅ Standard Account – Variable, from 0.5 pips
• ✅ Zero Account – Fixed, 0 pips
• ✅ ECN Account – Floating, 0.0 pips
• ✅ Pro Account – Floating, 0.5 pips
• ✅ Crypto Account – Floating, from 1 pip

 

Furthermore, here are some other spreads that traders can expect according to the account type and financial instrument, subject to change:

 

🔍Instrument	🥇Standard	🥈Cent	🥉Pro	🏆Zero Spread	🏅ECN	💎Micro	💰Crypto
💡XAG/USD	0.015 pips	0.01 pips	0.007 pips	0.0 pips	N/A	6 pips	N/A
✏️XAU/USD	0.12 pips	0.012 pips	0.08 pips	0.0 pips	N/A	4 pips	N/A
$ US100	2 pips	2 pips	2 pips	N/A	N/A	N/A	N/A
📌XBR/USD	0.03 pips	0.03 pips	0.025 pips	N/A	N/A	N/A	N/A
🍎Apple	0.03 pips	0.03 pips	0.03 pips	N/A	N/A	N/A	N/A
⚙️BTC/USD	8 pips	8 pips	8 pips	N/A	N/A	N/A	25010 points

 

FBS Commissions

 

Commissions are charged on the following retail investor accounts:

 

• ✅ FBS Zero Account – from $20 per lot
• ✅ FBS ECN Account – $6
• ✅ FBS Crypto Account – 0.05% for opening as well as 0.05% for closing positions

 

FBS Overnight Fees, Rollovers, or Swaps

 

Traders who hold positions for longer than 24 hours may incur overnight fees, also known as charges or interest. Depending on the particular position of the trader, these fees may be credited or debited.

Some typical overnight fees according to the financial instrument are as follows:

 

🔍Instrument	📌Swap Long (Buy)	🚩Swap Short (Sell)
💡EUR/USD	-6.37 pips	-0.69 pips
✏️XAG/USD	-1.77 pips	-1.24 pips
🛎️XAU/USD	-2.12 pips	-1.35 pips
$ US100	-85.91 pips	-117.2 pips
🚨XBR/USD	-7.74 pips	-6.28 pips
🍎Apple	-2.58 pips	-2.42 pips
➡️BTC/USD	-1373.46 points	-742.59 points

 

FBS Deposit and Withdrawal Fees

 

FBS does not charge deposit fees on Bitcoin, Credit cards, Debit Cards, or Sticpay. However, deposits made through Perfect Money could attract commissions. Furthermore, Ivory Coast traders can expect the following withdrawal fees according to local payment methods supported:

 

• ✅ Perfect Money – 0.5%
• ✅ Bitcoin – 1% + 1 USD
• ✅ Credit/Debit Card – 0.5 EUR – 2 EUR

 

FBS Inactivity Fees

 

When traders leave their trading account and allow it to become dormant after 180 days, FBS will subtract a $5 inactivity fee from the account balance.

 

FBS Currency Conversion Fees

 

Because FBS does not support XAF as an account base currency, these deposits and withdrawals will attract currency conversion fees.

 

Pros and Cons FBS Trading and Non-Trading Fees

 

✅ Pros	❎ Cons
FBS offers local payment methods for Ivory Coast traders	FBS charges deposit and withdrawal fees on Ivory Coast payment methods
FBS ensures that all client funds are secure in segregated accounts with Top-tier banks	There is an inactivity fee
The trading and non-trading fees charged by FBS are transparent	Currency conversion fees can be expected

 

 

 

FBS Deposits and Withdrawals

 

FBS offers Ivory Coast traders the following deposit and withdrawal methods:

 

• ✅ Perfect Money
• ✅ Bitcoin
• ✅ Credit Card
• ✅ Debit Card
• ✅ Sticpay

 

Broker Comparison: Deposit and Withdrawals

 

🔍Broker	🥇FBS	🥈LiteFinance	🥉easyMarkets
⏱️Minimum Withdrawal Time	15 to 20 minutes (maximum 48 hours)	Instant	Instant
⌚Maximum Estimated Withdrawal Time	Up to 7 days	Up to 5 working days	Up to 5 Days
✔️Instant Deposits and Instant Withdrawals?	Instant Deposits	✅ Yes	✅ Yes

 

FBS Deposit and Withdrawal Details – Payment Methods, currencies, processing time, etc.

 

📌Payment Method	💵Deposit Currencies	⌛Deposit Processing	🚩Withdrawal Processing
💸Perfect Money	USD	Instantly	15 – 20 minutes
💰Bitcoin	BTC, USD	15 – 20 minutes	15 – 20 minutes
💳Credit Card	EUR	Instant	Max 5 – 7 days
💳Debit Card	USD	Instant	Max 5 – 7 days
✴️Sticpay	USD	Instant	15 – 20 minutes

 

How to Deposit Funds with FBS

 

To deposit funds to an account with FBS, Ivory Coast traders can follow these steps:

 

• ✅ Log in to your FBS account. If you don’t have an account, create one on the FBS website.
• ✅Once logged in, find the “Deposit” or “Add Funds” option in the account dashboard or navigation menu.
• ✅ Select your preferred payment method, such as Perfect Money, Bitcoin, Credit/Debit Card, or Sticpay.
• ✅ Enter the deposit amount you wish to add to your FBS account.
• ✅ Follow the instructions provided by FBS for your chosen payment method, which may involve providing payment details or confirming the transaction.
• ✅ Carefully complete the deposit process, ensuring accurate information submission.
• ✅ After successful processing, the funds will be credited to your FBS trading account. Confirm the deposit by checking your account balance.

 

FBS Fund Withdrawal Process

 

To withdraw funds from an account with FBS, Ivory Coast traders can follow these steps:

 

• ✅ Access your FBS account using your login credentials.
• ✅ Locate the “Withdrawal” or “Withdraw Funds” option on the account dashboard or menu.
• ✅ Choose your desired withdrawal method, such as bank transfer, credit/debit card, or electronic payment systems.
• ✅ Enter the amount you wish to withdraw from your FBS trading account.
• ✅ Follow the instructions specific to your withdrawal method, including providing financial information or confirming the withdrawal request.
• ✅ Review the details supplied and validate the withdrawal request.
• ✅ FBS will process your withdrawal request and transfer the funds to your specified withdrawal method.

 

Pros and Cons FBS Deposits and Withdrawals

 

✅ Pros	❎ Cons
There are local deposit and withdrawal options for traders in the Ivory Coast	There are limited payment methods for Ivory Coast traders
Most deposits are processed instantly	Withdrawal fees are charged
There are short withdrawal processes involved	Ivory Coast traders cannot deposit or withdraw in XAF

 

How long do FBS Deposits take?

The time it takes for FBS deposits to be credited can vary depending on the payment method chosen. In most cases, deposits are processed instantly or within minutes. However, some methods may require additional verification or processing time, which could take a few hours or longer.

 

How long do FBS Withdrawals take?

Withdrawal processing times can vary depending on the chosen method and additional verification requirements. FBS strives to process withdrawals promptly to ensure efficient and timely transfers.

 

 

 

FBS Education and Research

 

Education

 

FBS offers the following Educational Materials to Ivory Coast traders:

 

• ✅ Forex Guidebook
• ✅ Tips for Traders
• ✅ Webinars
• ✅ Educational Video Lessons
• ✅ Seminars
• ✅ Glossary
• ✅ FAQ

 

Research and Trading Tool Comparison

 

🔍Broker	🥇FBS	🥈LiteFinance	🥉easyMarkets
📆Economic Calendar	✅ Yes	✅ Yes	✅ Yes
💻VPS	✅ Yes	None	None
📌AutoChartist	None	None	None
➡️Trading View	None	None	✅ Yes
🚨Trading Central	None	None	None
📈Market Analysis	✅ Yes	✅ Yes	✅ Yes
📰News Feed	✅ Yes	✅ Yes	✅ Yes
🖥️Blog	✅ Yes	✅ Yes	✅ Yes

 

FBS also offers Ivory Coast traders the following additional Research and Trading Tools:

 

• ✅ Forex News Feed
• ✅ Daily Market Analysis
• ✅ Forex TV
• ✅ VIP Analytics
• ✅ Economic Calendar
• ✅ Forex Calculators
• ✅ Currency Converter

 

Pros and Cons FBS Education and Research

 

✅ Pros	❎ Cons
FBS provides some of the best market analysis	FBS requires more sophisticated tools and resources, including AutoChartist, Trading View, and more

 

 

 

 

FBS Customer Support

 

📌Customer Support	🔍FBS Customer Support
🕰️Operating Hours	24/7
🗣️Support Languages	English, Portuguese, Indonesian, Malay, Vietnamese, Arabic, Hindi, Chinese, and more
📱Live Chat	✅ Yes
💻Email Address	✅ Yes
☎️Telephonic Support	✅ Yes
💯The overall quality of FBS Support	4/5

 

Pros and Cons FBS Customer Support

 

✅ Pros	❎ Cons
Traders can access FBS’ customer support around the clock, even on public holidays and weekends	We had to rephrase our questions to support a few times before we could get the information we sought

 

 

 

FBS VPS Review

 

FBS offers a VPS (Virtual Private Server) service with various benefits to enhance traders’ trading experience. To qualify for the free VPS server, traders must meet specific conditions, such as depositing and trading the specified number of lots.

Once these requirements are fulfilled, traders can take advantage of the following features and advantages provided by FBS VPS:

 

• ✅ 24/7 Operation: The VPS server operates continuously, ensuring that your expert advisors can continue executing trades even when you are offline. This allows for uninterrupted trading activities.
• ✅ Power and Connection Protection: FBS VPS safeguards against power outages and internet connection interruptions, providing a reliable and uninterrupted trading environment. Traders can trade with peace of mind, knowing their trades will not be disrupted due to technical issues.
• ✅ Fast and Stable Connection: With FBS VPS, traders can enjoy a fast and stable connection to the trading platform. This enables quick order execution and minimises latency, ensuring timely trade placements and optimal performance.
• ✅ Expert Advisor Installation: The VPS server allows traders to install and run their chosen expert advisors. This empowers traders to automate their trading strategies, execute trades based on predefined parameters, and take advantage of trading opportunities without manual intervention.

 

FBS VPS provides traders the convenience, reliability, and flexibility to optimise their trading activities by ensuring uninterrupted market access and the ability to automate trading strategies through expert advisors.

 

 

 

FBS Corporate Social Responsibility

 

FBS is deeply committed to corporate social responsibility, aiming to bring financial freedom to individuals who use their trading services. They actively collaborate with charitable organisations on a global scale to extend assistance to those in need.

As part of their meaningful engagement with traders, FBS conducts the monthly social media campaign “Desires Come True,” allowing traders to share their cherished wishes.

FBS strives to fulfil these wishes, witnessing first-hand the transformative impact and positive changes in people’s lives.

In line with their dedication to social responsibility, FBS organises an annual charity trade promotion, where they double a trader’s deposit and direct earned commissions towards supporting charitable causes.

Overall, in our experience, this collective effort showcases FBS’s commitment to making a positive difference and contributing to the betterment of society.

 

Social Trading with FBS

 

FBS facilitates an accessible and user-friendly social trading experience through its innovative platform, the FBS CopyTrade app. This mobile application empowers individuals to invest and potentially generate profits with as little as $1.

The app is readily available for download from Google Play or the Apple App Store, providing a seamless experience with its user-friendly interface and essential investing tools.

A key feature of FBS CopyTrade is its comprehensive trader selection process. The platform provides users with detailed information on each trader, including their Balance, Equity, Account Details, and Info screens.

These metrics enable users to assess a trader’s performance and determine if it aligns with their investment goals. Return Rate and Risk Level charts also provide valuable insights into a trader’s progress, aiding users in making well-informed decisions.

Risk management is prioritised on the FBS CopyTrade platform. The platform incorporates automated software tools such as Stop Loss and Take Profit to mitigate losses and secure profits.

These features allow for the automatic closure of orders at predetermined thresholds, reducing the impact of potential losses and protecting profits. Furthermore, FBS CopyTrade offers a risk-free investment option to beginners.

By granting three opportunities to invest without experiencing any loss, the platform instils confidence and provides a safety net for users. In the event of a loss during these initial attempts, the app guarantees a 100% refund of the loss incurred.

 

 

 

FBS Cashback Rebates Features and Conditions

 

Ivory Coast traders can expect the following from the FBS cashback rebates offered:

 

• ✅ Amplify Forex Trading Income: FBS Cashback Rebates is a valuable service for traders looking to boost their earnings in Forex trading.
• ✅ Earn on Each Lot Traded: FBS sets itself apart by allowing traders to earn up to $15 for every lot traded, making it a rewarding opportunity.
• ✅ Cashback on Losing Trades: Unlike other programs, FBS Cashback Rebates grants cashback even on losing trades, providing additional earnings potential.
• ✅ Easy Activation: Traders can activate the Cashback service anytime through their personal area, making it a convenient and accessible option.
• ✅ Unlimited Profit Potential: Traders have unlimited profit potential based on their average monthly trading volume, enabling them to maximise their earnings over time.
• ✅ Real Money Withdrawal: The cashback earned through FBS Cashback Rebates is in real money, allowing traders to withdraw rewards without restrictions or limitations.
• ✅ Hassle-Free Enrolment: By simply checking the “Cashback” option in their personal area settings, traders can effortlessly enjoy the benefits of this additional profit stream.
• ✅ Accurate Earnings Projection: Traders can accurately calculate and project their potential monthly earnings as they earn up to $15 for each traded lot, regardless of the trade outcome.
• ✅ Online Calculator: FBS provides an online calculator that helps traders gauge the financial benefits of participating in the Cashback service, facilitating informed decision-making.

 

 

 

FBS Web Traffic Report

 

🌐Global Rank	45,023
🌎Country Rank	20,372
📝Category Rank	167
🔢Total Visits	1.3 million
📌Bounce Rate	51.12%
📖Pages per Visit	4.14
⏱️Average Duration of Visit	00:03:21
📆Total Visits in the last three months	March – 1.9 million April – 1.4 million May – 1.3 million

 

 

 

FBS Geographic Reach and Limitations

 

Most of FBS’s market share is concentrated in these areas:

 

• ✅ Brazil – 16.41%
• ✅ Indonesia – 8.81%
• ✅ Nigeria – 7.12%
• ✅ Malaysia – 5.86%
• ✅ Qatar – 4.64%

 

FBS’ Current Expansion Focus

 

FBS is currently expanding across South America, Asia, and Africa.

 

Countries not accepted by FBS

 

FBS does not accept clients from these countries:

 

• ✅ Japan
• ✅ United States
• ✅ Canada
• ✅ United Kingdom
• ✅ Myanmar
• ✅ Brazil
• ✅ Malaysia
• ✅ Israel
• ✅ Islamic Republic of Iran

 

Popularity among Ivory Coast traders who choose FBS

 

FBS is one of the Top 70 forex and CFD brokers globally.

 

 

 

FBS vs LiteFinace vs easyMarkets – A Comparison

 

🔍Broker	🥇FBS	🥈LiteFinance	🥉easyMarkets
🖋️Regulation	IFSC, CySEC, ASIC, FSCA	CySEC	BVI FSC, CySEC, ASIC, FSA
📊Trading Platform	MetaTrader 4 MetaTrader 5 FBS Trader CopyTrade	MetaTrader 4 MetaTrader 5 LiteFinance Social Trading Platform LiteFinance Trading App	easyMarkets Platform MetaTrader 4 MetaTrader 5 TradingView
💵Withdrawal Fee	✅ Yes	None	None
🗂️Demo Account	✅ Yes	✅ Yes	✅ Yes
💴Min Deposit	12 XAF	30,000 XAF	15,200 XAF
📉Leverage	Up to 1:3000	1:500	1:2000
📌Spread	From 0.0 pips	0.0 pips	0.5 pips
💷Commissions	From $6	$0.25 per share on Stock Indices	None, only the spread
🛑Margin Call/Stop-Out	40%/ 20%	100%/20%	70%/30%
🧑‍⚖️Order Execution	Market	Market	Market
🎁No-Deposit Bonus	✅ Yes	None	None
✏️Cent Accounts	✅ Yes	None	None
🚩Account Types	FBS Cent Account FBS Micro Account FBS Standard Account FBS Zero Account FBS ECN Account FBS Crypto Account	ECN Account Classic Account	Web/App VIP Web/App Premium Web/App Standard MT4 VIP MT4 Premium MT4 Standard MT5
🏦Banking Commission of WAEMU Regulation	None	None	None
🚨XAF Deposits	✅ Yes	✅ Yes	✅ Yes
🛎️XAF Account Offered?	None	None	None
🕰️Customer Service Hours	24/7	24/5	24/5
💡Retail Investor Accounts	6	2	7
☪️Islamic Account	✅ Yes	✅ Yes	✅ Yes
⬇️Minimum Trade Size	0.01 lots	0.01 lots	0.01 lots
⬆️Maximum Trade Size	500 lots	100 lots	50 lots
⏱️Minimum Withdrawal Time	15 to 20 minutes (maximum 48 hours)	Instant	Instant
⏰Maximum Estimated Withdrawal Time	Up to 7 days	Up to 5 working days	Up to 5 Days
✔️Instant Deposits and Instant Withdrawals?	Instant Deposits	✅ Yes	✅ Yes

 

Broker Comparison for a Range of Markets

 

🔍Broker	🥇FBS	🥈LiteFinance	🥉easyMarkets
✴️Forex	✅ Yes	✅ Yes	✅ Yes
💎Precious Metals	✅ Yes	✅ Yes	✅ Yes
💻ETFs	None	None	None
📌CFDs	✅ Yes	✅ Yes	✅ Yes
🛎️Indices	✅ Yes	✅ Yes	✅ Yes
📊Stocks	✅ Yes	✅ Yes	✅ Yes
💰Cryptocurrency	✅ Yes	✅ Yes	✅ Yes
➡️Options	None	None	✅ Yes
🛢️Energies	✅ Yes	✅ Yes	✅ Yes
🚩Bonds	None	None	None

 

 

 

FBS Alternatives

 

• 🥇 Saxo Bank presents an exceptional option for advanced traders and professionals with substantial funds. With extensive research facilities, an API interface, and discounted fees for high-tier accounts, Saxo Bank enhances the potential profitability of accounts. This exclusive multi-asset broker offers a brilliant research experience, a superb trading platform, and an impressive selection of over 60,000 tradeable instruments.

 

• 🥈 Established in 2008 and a part of Finalto, Markets.com lives up to its name by providing traders access to a wide range of financial markets. Offering a proprietary and user-friendly trading platform called Web Trader, Markets.com also supports MetaTrader 4 and 5. Traders can expect exceptional features and benefits, including remarkably low spreads starting from 0.6 pips.

 

• 🥉 HFM, a reputable broker with a substantial African following, holds global regulations and provides negative balance protection for all traders. With 53 Forex pairs available for trading, including majors, minors, and exotics, HFM offers a broader selection than most other brokers. Moreover, HFM distinguishes itself by offering four account types, further catering to the diverse needs of traders

 

 

 

FBS Awards and Recognition

 

FBS has won more than 70 industry awards over the years that it has been providing trading solutions worldwide, including some of the following most recent awards:

 

• ✅ Foremost Forex Broker in Thailand for the Year 2022.
• ✅ Top-Rated Forex Broker in Thailand in 2021.
• ✅ Premier Trading Broker in South East Asia for 2021, and more.

 

 

 

Recommendations according to our in-depth review of FBS

 

• ✅ Enhancing their tools and resources: The review suggests that FBS could benefit from more sophisticated tools and resources, including AutoChartist and Trading View.
• ✅ Expanding their range of instruments: Compared to competitors, FBS offers fewer instruments. Increasing the variety could attract more traders.
• ✅ Reducing their fees: FBS charges deposit and withdrawal fees on certain payment methods, which could deter some traders.
• ✅ Removing time limitations on demo accounts: Currently, the demo account has a time limitation of 90 days, which may not be sufficient for all traders.
• ✅ Increasing their geographic reach: FBS does not accept clients from certain countries, including Japan, the United States, Canada, and the United Kingdom. Expanding their services to these regions could increase their market share.

 

 

 

FBS Customer Reviews

 

🥇 Satisfied Customer!

“I am quite satisfied with FBS as a broker. They offer tight spreads and reliable order execution. The educational resources provided are useful for traders at all levels.” – Henry Adebayo (January 2023)

 

🥈 Highly Recommended!

“FBS is my go-to broker for forex trading. The platform is user-friendly, and I appreciate the range of trading tools available. Their customer support team is responsive and helpful, addressing my queries promptly. I’ve been consistently satisfied with their fast order execution. Highly recommended!” – Sophia Eze (March 2022)

 

🥉 User – Friendly!

“While FBS has a user-friendly platform and a wide selection of trading instruments, I have found their spreads higher than some other brokers.” – Issouf Ouattara (September 2022)

 

 

 

Pros and Cons of Trading with FBS

 

✅ Pros	❎ Cons
FBS is regulated by well-known entities in multiple regions, providing assurance and trust to Ivory Coast traders.	FBS offers a limited number of assets, less than 300, which may not fully satisfy the diverse needs of Ivory Coast traders seeking a wider variety.
Ivory Coast traders can choose from seven retail account types on FBS, offering flexibility to cater to individual trading needs.	Ivory Coast traders based in the EU may experience limitations, with certain account types not supported and a reduced selection of available assets.
Under ideal market conditions, Ivory Coast traders may experience spreads as low as -1 pip on the ECN Account.	Some features, like the demo account, have a time limitation of 90 days for Ivory Coast traders.
The Cent account on FBS is particularly suitable for beginners, offering a gradual introduction to trading with minimal risk.	Certain account types, such as the Pro account, require a higher minimum deposit, which may not be suitable for all Ivory Coast traders.

 

In Conclusion

 

According to our research, FBS is a broker that offers a variety of services and tools to its traders. It provides a range of markets, including Forex, Precious Metals, Indices, Energies, Stocks, Exotic Forex, and Cryptocurrencies.

FBS also offers several bonuses and promotions to its traders. Furthermore, FBS provides comprehensive educational material and a detailed FAQ section on their website, which can benefit both beginner and professional traders.

However, it is important to note that FBS is not currently regulated by the Banking Commission of the West African Economic Monetary Union (WAEMU). Still, despite this, FBS is regulated by several reputable market regulators in other countries, including ASIC, CySEC, and the IFSC.

 

FBS Risk Warning and Disclaimer for Traders: Trading financial products involves inherent risks and may not be suitable for all investors. Price fluctuations in the financial markets can lead to substantial financial losses.

We urge traders to carefully assess their investment goals, level of expertise, and risk tolerance before engaging in any trading activities. Furthermore, Ivory Coast traders must remember that past performance does not indicate future results.

FBS provides educational resources and trading tools for informational purposes only and does not offer financial advice.

 

Our Review Methodology: For each of our broker evaluations, we investigate, evaluate, analyze, and compare what we feel to be the most crucial criteria to consider when selecting a broker.

Based on our findings, this evaluation comprises positives, disadvantages, and an overall score. We want to assist you in locating the ideal broker for your requirements.

Our broker review should not be considered financial advice. However, traders are urged to seek professional financial advice before making investment decisions.

 

Now it is your turn to participate:

• ✅ Do you have any prior experience with FBS?
• ✅ What was the determining factor in your decision to engage with FBS?
• ✅ Was it because of the minimum deposit, regulation, retail trading accounts, or other factors?
• ✅ Have you experienced issues with FBS, such as difficulty withdrawing funds, inability to verify regulations, irresponsive customer support, etc.?

 

Regardless, please share your thoughts in the comments below.

 

Addendum/Disclosure: No matter how diligently we strive to maintain accuracy, the forex market is volatile and may change anytime, even if the information supplied is correct when going live.

 

Investor Warning: Foreign currency trading on margin is associated with an elevated risk and may not be appropriate for all investors. Before engaging in foreign currency or Contract for Difference (CFD) trading, you must evaluate your investing goals, expertise, appetite for risk, and willingness to be exposed to risk.

In addition, you should not start investing capital you cannot afford to lose because you could lose part of your original investment.

 

Frequently Asked Questions

 

Is FBS Safe or a Scam?

Yes, FBS is a safe and regulated broker. It is well-regulated by respected authorities like the IFSC, CySEC, and ASIC. FBS also prioritizes the security of client funds by keeping them in segregated accounts and implementing robust security measures.

 

What markets can I trade with FBS?

With FBS, you can trade Forex, Precious Metals, Indices, Energies, Stocks, Exotic Forex, and Cryptocurrencies.

 

Does FBS offer any bonuses and promotions?

Yes, FBS offers various bonuses and promotions such as FBS Traders Parties, Get a Car from FBS, Level-up Bonus, 100% Deposit Bonus, Cashback bonus, and more.

 

Is FBS regulated?

Yes, FBS is a safe and regulated broker. It is well-regulated by respected authorities like the IFSC, CySEC, and ASIC. FBS also prioritises the security of client funds by keeping them in segregated accounts and implementing robust security measures.

 

How long does it take to withdraw from FBS?

FBS processes withdrawal requests promptly upon receiving them. The time it takes for funds to reflect in your bank account can vary depending on the withdrawal method, ranging from a few minutes to 7 days.

 

Does FBS charge any deposit fees?

FBS does not charge deposit fees on Bitcoin, Credit cards, Debit Cards, or Sticpay. However, deposits made through Perfect Money could attract commissions.

 

Does FBS offer any trading tools?

Yes, FBS offers tools such as Forex News Feed, Daily Market Analysis, Forex TV, VIP Analytics, Economic Calendar, Forex Calculators, and Currency Converter.

 

Does FBS have an inactivity fee?

Yes, FBS charges a $5 inactivity fee if the trading account becomes dormant after 180 days.

 

Does FBS offer a demo account?

Yes, FBS offers a demo account.

 

Does FBS have VIX 75?

No, FBS does not offer trading on the VIX 75 index. However, the broker provides leverage of up to 1:33 on 12 other indices, allowing traders to diversify their trading strategies.

 

Does FBS offer social trading?

Yes, FBS facilitates social trading through its FBS CopyTrade app.

 

What are the FBS cashback rebates features and conditions?

FBS Cashback Rebates allow traders to earn up to $15 for every lot traded, even on losing trades. The cashback earned is real money, allowing traders to withdraw rewards without restrictions or limitations.

 

Does FBS have Nasdaq 100?

Yes, FBS offers trading on the Nasdaq 100 index, represented by the symbol NAS100, with competitive spreads starting from 2 pips.

 

Why should I work through the SA Shares Cashback?

You can expect some of the highest commissions if you work through SA Shares to earn up to 30% Cashback Rebates from Forex Brokers such as FBS.

This is because SA Shares aims to negotiate the most competitive commission rates with brokers such as FBS to ensure you get the most back from your trading activities.