FBS Indonesia Review - Is It a Good Broker in 2024?
FBS Indonesia - General Information
FBS is trusted by over 16 million traders worldwide from more than 10 different countries, being presented with several reputable awards from many publications around the world. FBS services are now available in Indonesia as well, and we will outline everything that you need to know before you sign up.
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💰 Account currency:
USD, EUR
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🚀 Minimum deposit:
$10
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⚖️ Leverage:
1:3000
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💱 Spread:
From 1 Pip
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🔧 Instruments:
Forex, indices, metals, futures contracts
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💹 Margin Call / Stop Out:
40% / 20%
FBS Indonesia Pros and Cons
👍 Advantages
• Leverage up to 1:3000
•Multiple account variants
• Responsive customer support
• Beginner friendly
👎 Disadvantages
• Offerings outside Asia are weaker
• Still not available in all countries (If you are traveling)
FBS Indonesia Review
Security
FBS maintains trader assets in separate bank accounts according to the local regulatory requirements in each country. These funds are currently utilized in business operations. The advantage of this service feature is that even if the broker defaults, the trader's money is protected. In addition, when combined with the European CySEC legislation, this qualifies FBS as a compliant broker that provides trustworthy trading options.
As a result, there are stringent regulations in place to safeguard your funds. FBS operates through Tier 1 accredited banks to safeguard its clients' cash. Tier 1 is the recognized indicator of a bank's financial health and strength. These banks are regarded to be the safest in terms of protecting customer capital. This ensures the security of the funds you deposit with FBS. Even if the FBS Company is forced to close its doors for whatever reason, the account holders will still be able to withdraw their assets.
Additionally, FBS maintains trader money in separate accounts, which prevents them from being used for purposes other than resource expansion and protection against negative balances. Additionally, as a Cyprus Investment Company, FBS is subject to a Remuneration Scheme, which safeguards customers' funds in the event of the broker's bankruptcy.
A Remarkable Leverage Rate
FBS is perhaps the only brokerage firm that is bold enough to give up to 1:3000 leverage. As with everything else, FBS shows remarkable flexibility in granting such power to bigger account types via discussable options. This leverage is used to enhance trading volume over the balance in your trading account. This will also raise the pace of profit and loss on the position.
So how much leverage does 1:3000 provide? The industry average for many online Forex brokers is approximately 1:400. (For the record, 1:3000 was the highest level in the world in 2019.) If you utilize FBS's maximum leverage (1:3000), and make a 0.01 lot order, your margins would be lower than one dollar.
Cross-Platform Availability is an Attractive Bonus
FBS is concerned with the wellbeing of its clientele. The FBS platform combines an NDD (non-dealing desk) technology with STP to provide quick order execution. Furthermore, you may pick between two trading systems, MetaTrader 4 and MetaTrader 5, based on your needs and preferences.
All of FBS's platforms are compatible with Windows, Mac, and Linux operating systems. Moreover, you may visit the trading site using any accessible browser. FBS's MT4 and MT5 trading platforms have a downloadable mobile trading application for iOS and Android smartphones.
FBS Indonesia Fees
Overnight Fees
Overnight costs, also known as swap fees, occur when a trader maintains an open position after the conclusion of the trading day. This fee may be charged or credited to the trader, depending on whether the trade is long or short.
Brokerage Fees
Traders may choose between USD and EUR as their deposit currency. However, traders should know that Stick Pay currently only supports the USD currency. In addition, traders must check any extra brokerage costs that their financial institution may waive. FBS does not disclose any additional costs that traders may incur. As a result, it is essential for traders to verify all costs with the broker prior to opening an account.
Fees mentioned in this review are also subject to change, and traders should check with FBS first. Because FBS is not a spread betting broker, there will be no spread betting costs. FBS imposes a deposit fee for one kind of payment and a withdrawal fee for the majority of other types of payment. Before enrolling for a live trading account, traders should check that they consent to these costs.
Trading Assets
Except for ECN accounts, all account types held by FBS provide the ability to trade 35 currency pairs, three CFDs, four commodities, and four cryptocurrencies. The ECN account is exclusively made available for Forex trading and allows its customers to trade 35 currency pairs.
Bitcoin, Ethereum, Litecoin, and Dash are now accessible for trade. On top of the four cryptocurrency instrument classes, the brokerage offers up to 35 Forex instruments, 35 different commodities, 4 precious metal pairs, 3 CFD instrument classes, and 33 share classes.
Is FBS Indonesia Regulated? Is the Company Safe?
When selecting a broker such as FBS Inc., it is critical to consider the broker's administrative body and regulatory status. Brokers who trade independently of regulatory agencies do so at their own risk. Investors must understand that all capital investments bear an inherent risk, and therefore, they should act accordingly.
FBS Inc. was founded in 2009 and has been active for 12 years. The company is headquartered in Belize. Although some reviews claim that FBS is a scam, this broker is considered legitimate because:
FBS Markets Inc. is registered with the following number: 119717.
It is regulated and authorized to operate by the IFSC with the registration number IFSC/60/230/TS/19.
FBS.eu is the company's European subsidiary. The operator is Trade Stone Ltd, a Cyprus-based investment corporation. The Cypriot Securities and Exchange Commission supervises and enables it to operate under the registration number 331/17.
ICF protects clients in the European Union. That is, if FBS declares bankruptcy, investors may be compensated up to €20,000.
To protect against digital fraud, FBS employs industry-standard digital security measures, including SSL encryption of the website and its infrastructure.
FBS Indonesia - Best for Beginners, But also Great for Professionals
FBS is useful for beginners and experts alike, with a host of educational materials, new user bonuses and features such as demo accounts to help new traders get started on their journey, while still facilitating the more professional crowd through their competitive leverage rates and local offers.
Is FBS Indonesia a Good Broker?
FBS Indonesia is an excellent alternative for any Indonesian customer wishing to register an account with a reputable broker. Not only will you be able to customize your trading experience to your preferences, but you will also have the option of attractive trading conditions and promotions, as well as a few highly effective trading platforms. All of this while operating under a well-established, global brand. Do not hesitate to check out FBS Indonesia immediately and discover what they have to offer with a sample account – this broker is a no-brainer.
FBS Indonesia Reviews
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Comment
Verifying an account on FBS is fast and easy if you have the recommended documents. This includes a government passport or ID issued the authorities. Make sure you upload both the front and back side of it then enter your accurate date of birth used on your official documents. Mine took time because my documents seem a bit old and some parts are no longer clear. I have to get another document to complete the verification. I would have saved myself the stress and trying over again with the verification process if i tried the first time with the updated documents that has an identifiable images of me.
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Comment
FBS leverage is one of the features traders with low deposits can use to open larger positions but it is important to use them with caution. I needed to understand how leverage works and a demo account is ideal for this to avoid losing my funds. The FBS demo account is a useful tool which i am using to learn how to trade with leverages which is what i really want to fully understand how to use before trade again in my real account. Opening a demo account on FBS is a straightforward process just that you must sign up on the platform to access the personal area where you can get the options to open a demo account starting with an initial balance of $20000. Leverage is up to 1:3000. Guy, my parctical advise. Please, don’t exceed leverage of more than 1 to 10/ Yes, you will need a higher minimum deposit, but trading with higher leverage is crazy.
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Comment
Opening an account on FBS is simple. The first step required me to enter my details but I have the option to sign up using my Gmail address. The next step demanded I select a trading platform, account currency and leverage, when I completed the process I realized I had a standard account opened for me. From the personal area I went ahead to open a demo account which was what I needed at the moment to practice. Opening a demo account is quite easy, from the personal area, you can click on add account, select the trading platform, account currency and initial balance. You can download the trading platform app or trade with FBS mt4 webtrader terminal. The web trader terminal interface is friendly and features simple trad
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Comment
I like this company. I almost doubled my deposit in six months. This is a very good result for me. But the most important thing is that FBS withdraws money without any problems. That is, the company fulfills all agreements with a client. Therefore, I believe that FBS can be trusted.
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Comment
For me, FBS was one of the first brokers I started trading with; earlier, they used to advertise more online. They had contests, and I even won one of them. Overall, I traded with FBS for a couple of years, and everything suited me. They had a separate blog with analytics, where there were some good materials. Now, many things are no longer available, although the broker continues to operate in the Forex market.
FAQs
Where is FBS based off of?
Their headquarters lie in Belize and Cyprus.
How does FBS make profit?
FBS makes money through spreads and trading commissions, while also sharing trading activities with third parties in the form of liquidity provision
How to conduct deposits and withdrawals through FBS Indonesia?
You have several options: Mastercard and Visa supported cards, Local Banks, Wire Transfers, Exchange Currencies, Digital Currency and more.
Does FBS use the MetaTrader platform?
Yes, FBS does use MetaTrader 4 and MetaTrader 5 for all of its user bases.
Team that worked on the article
Bruce Powers is an expert trader and technical analyst with over 20 years of experience in Forex, commodities, ETFs, cryptocurrencies and other assets. He is an active trader, technical and fundamental analyst, media commentator, educator and a writer. As an author for Traders Union, he contributes his deep analytical skills, expertise and understanding of the global economy and financial markets to provide market analysis and insights. Powers is also a frequent guest on business TV news shows.
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.
The topics he covers include trading signals, cryptocurrencies, Forex brokers, stock brokers, expert advisors, binary options. He has also worked on the ratings of brokers and many other materials.
Dr. BJ Johnson’s motto: It always seems impossible until it’s done. You can do it.
Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO). Mirjan is a cryptocurrency and stock trader. This deep understanding of the finance sector allows her to create informative and engaging content that helps readers easily navigate the complexities of the crypto world.