FBS Review

Issue of unusual gaps & big spread have caused my account to be stopped-out and broker does not want to take responsibility.

Account number: 310150107
Date of Issue: 21 June 2021 (Monday)
Time of Issue: est. 0500hrs – 0530hrs (GMT+8)

Before the market open on 21 June 2021, my account status is having a drawdown of approximately 84% and Free Margin (%) of approximately 90-100+%. I am well aware that FBS stops-out if Free Margin (%) reaches below 20%.

At the moment, I have open trades of several currencies and its volumes
1. EURUSD - 55.75 lots (long) & 55.75 lots (short)
2.CHFJPY - 95.94 lots (long) & 95.94 lots (short)
3.AUDUSD - 90.96 lots (long) & 90.96 lots (short)
4. AUDNZD - 31.97 lots (long) & 31.97 lots (short)
5. NZDUSD - 55.75 lots (long) & 55.75 lots (short)
Total volume = 660.74 lots

In short, all my positions are in perfect hedge with margin level above 90%.

I was up ready to monitor and do additional trade management before 0500hrs on 21 June 2021. But unfortunately, immediately during the market open, I witness my account got stopped-out due to an unusual big gap and spread of the FBS trading platform.

2 very unusual event that happen during 0500hrs (GMT+8) 21 June 2021:
1. CHFJPY - a very big gap with high volume first candle (I have crossed checked with several other brokers and they do not have this issue)
2. AUDUSD - an almost 20 pips spread on a major pair during market open (which I have also cross checked with several other brokers and do not have this issue)

I contacted FBS support via livechat to ask them to recover my positions and they asked me to write in to support@fbs.com for claims and further problems and my case was handled by L (lets name here L for privacy purpose), a Support from FBS. I explained the entire situation and L kept sending over terms of the FBS agreement. Of course I am well aware that I have agreed to an agreement, and it happens with all other brokers as well. But the problem is there is no similar issue (unusual gap, big volume candle, big spreads) which is so visually different at other brokers.

As a trader, we all understand that there is spread widening during times when market is close/have no liquidity and it is normal to have floating spread. At the current situation of my account, it would not be stopped-out if there's no issue with CHFJPY and AUDUSD at the morning, and all my trades would have been closed in profit according to my trading plan.

This is obviously manipulation from the broker, obviously and visually visible on the trading platform. I brought up this issue to L, but she insisted that the price quotes is from the Liquidity Provider and FBS is an STP broker. General logic, if you're showing price quote from lets say Liquidity Provider A, then all similar brokers who are showing price quote from the similar Liquidity Provider should display same price at that particular moment, not to mention that an A-Book broker would choose the best price quote to show to its clients.

So this begs the question again, is FBS an STP broker with no manipulation?
It's all only mentioned by word with no proof. The price charts shows otherwise.

Again, I conversed with L via email she kept insisted that they're going by agreement and they are an STP broker. It only shows that FBS doesn't want to take responsibility for what's happened.

I am prepared to take litigation action against FBS and have already opened a case with Belize IFSC.

*Please PM me if require screenshot and photo evidence of the manipulation and email chat replies.

Checking the history of my account 301164684, I detected that many orders were closed by stop loss in different prices of the established in them, some orders closing above the stop loss and others below.
That hurt me a lot because some orders shouldn't have been closed and the others that closed above the stop loss were charged above the prices that should have been charged.
I sent to the support the request for revision of those orders and depending on the answer I can change my evaluation, but at the moment this smells to me like a scam broker.

I am a trader who just wants to start trading and looking for a small account to start, so I have tried a cent account on FBS and it is very suitable for me because I can deposit as low as 1 usd to start trading

Jul 2, 2021 - 5 Stars I have use FBS in 1 Years already,what i like use FBS is because when i doing a withdrawal in my account forex it very fast to get money.so its more easier to me to get the money, i always use FBS to trade because them system is good ,live chat always helping

Apr 28, 2020 - 5 Stars FBS personal area was easy to me to handle all my account to i doing withdrawal and deposit very fast just using mobile

Nov 13, 2019 - 4 Stars If i have problem with account fbs i will contact live chat support ,i always solved my account problem with them,thanks fbs

i have been trading with fbs for months now and i can tell you you are going to loose you money period,,,from lagging platforms to excuses for every issues you report, think about this who would give you leverage to buy stocks they don't have?its like making a loaon at a bank without collateral. Then why? Simple you wont be sucessfull.your order gets sold to the market maker its called order flow he will know your exact poswition after placing your order and you will either be stopped out or spiked out.or they will open the spread on you and its game over.look at their bonus conditions if you dont trade like they want you to they withdraw the bonus sop quickly that your margin goes through the floor bombing you out..game over unless you have a $1000 account at least you are done,believe me there is no way out,rem why do so many retail traders lose their money,bec someone has to loose for someone to win and the banks are not gona let a retail trader win,no ways and this broker with so many will make sure of that,they have a 1000 excuses when reporting issues and is never wrong, always we get this, we are a regulated broker bla bla the bonus is to attract you only as a trap..do u really think if you buy apple stock u are a stockholder now?no who will allow this? Simple there is no stock its bogus you wont last long enough to find this out, they want your money that's all period and they will get it by any unethical way possible and yes they have bogus people telling you stories of success that's all rubbish they are the worst broker yet,i have done many reviews on brokers but fbs is one of the worst out there so don't take my word for it try them and see for yourself they take peoples hard earned money and they don't care its a business to them and the word client doesn't mean jack to them

Hi everyone,
I have opened a level up bonus account 140$ which you see on their mostly ads on internet now a days. I read all the terms snd conditions carefully and start trading. They say you must trade for 20 days and at least 500 lots of 0.01 size then you can withdraw your profit amount. I start trading and successfuly completed all the required steps. But when I requested for withdraw they rejected and banned my account. Upon asking from support they replied I have opened multiple accounts. I have opened just one account and trade on just one IP. But they said IT Department is sure I have multiple accounts. I swear to GOD I have traded very honestly and according to terms & conditions. The Fact is, FBS is a Big SCAM. They will not pay you anything. The positive reviews are I'm sure from the FBS employees. I suggest to all traders please dont trust and waste your time on FBS. They are not legtimate. This is my personal experience and if you still want to give it a try. Go ahead. You will curse yourself in future.

I'm a forex newbie from Brazil and FBS is one of the few brokers that offers a full experience for Brazilian traders. I mean, support in Brazilian Portuguese, local Facebook page, training material in PT-BR also etc. Even messengers like Telegram and FB Messenger available for me in my language. This is a huuuge difference from other brokers that accept customers from Brazil. Since fx is not regulated here (not illegal too, justo not regulated) and brokers cannot offer the service for us, FBS ends being the only one fully available. And I had zero issues with them in more than a year using the service. It is ok for me.

Mar 18, 2021 - 4 Stars I started trading Forex with another broker then tried FBS. Almost two years after I can assure FBS is good not only for beginners. It is good for intermediate traders too.

It is not perfect (they do not have cryptos yet), but it is good.

Jan 25, 2021 - 4 Stars Eighteen months ago I started one demo account with FBS. Later a real account. Untill now, everything is fine, including some promos that I have enjoyed like bonuses and cashbacks.
Their educational material is helpful and support is newbie friendly. To be 5 stars, I think they should have few limitations in bonuses accounts, but nothing is perfect :)

May 21, 2020 - 4 Stars I'm trying a new feature from this broker and it is being very convenient for me. They call it mobile personal area and it allows me to manage my account and my (veeery small) funds from anywhere. Since I'm a beginner forex trader (just for fun), it is very convenient because I can manage account and trade from bus, school or work. Anywhere. It is good for me.

Apr 6, 2020 - 4 Stars I'm a beginner in forex, just learning. So I started learning the markets with more experienced traders. And FBS has a Copy Trade app - a kind of social trading in mql5 - that is good for me. In the meantime I'm studying forex to make my own trades in future. It is good for me.

Reply by FBS Official Rep submitted Jan 27, 2021 Thank you for your positive comment! We appreciate your feedback and we will continue to do our best. If you have any questions, we will be glad to help you via support@fbs.com or in online chat which you can find directly in application.

Very bad broker, weak regulation. Very high spreads increase trading costs. Difficulties at the time of withdrawal and high rate to withdraw. The ECN account does not allow you to trade the minimum lot. This broker is only good for beginners who use Cent account to test their strategies and avoid losing big amount of money. For experienced traders, I suggest looking for lower cost and well regulated brokers.

Jun 18, 2021 - 2 Stars Broker very bad. Weak regulation, very high spreads. There are great cheaper brokers. It is easy to deposit, the difficulty is when trading with such high spreads and when withdrawing they charge an unfair fee. The only advantage is for beginners, as the cent account allows small deposits and testing some strategy without big losses. For experienced traders spreads are very expensive.

In the advertising of the FBS CENT account, you might subtly think that it will make you earn a lot of money, but it's not like that.
However, I find it extremely interesting to experience the Forex market with just $ 1. Most brokers only allow you to trade with an amount much higher than this.

It should be noted that FBS allows you to open your account with $ 1 but what they don't tell you is that no deposit method allows you to send $ 1, so you can get confused with that.
However, I started with $ 10, which is what my electronic wallet allowed me and you can see the difference compared to operating a Demo account since you know that it's real money and real emotions are presented.
It's good to start.

Dear Trader, If you have good & profitable EA ... dont use this Liar Broker ... they will make you account's server lagging so your EA cannot work properly. Dear Broker, if you dont want your client to be profitable, pls dont be broker otherwise I advise you become a robber

On average good spreads, low slippage and many funding options. Good service overhaul has bonus options if interested. FBS are not the cheapest but acceptable rates are charged.