FBS	Basic Information
Registered Country/Region	Cyprus
Founded in	2009
Regulatory Authority	ASIC, CySEC, FSC (Offshore)
Tradable Assets	Forex, CFDs, Stocks, Cryptocurrencies, Metals, Energies
Account Types	Cent, Micro, Standard, Zero Spread, ECN, Crypto
Demo Account	Yes
Minimum Deposit	$1
Maximum Leverage	1:30 (retail), 1:500 (professional)
Spreads	From 0.0 pips
Trading Platforms	MetaTrader 4, MetaTrader 5, FBS Trader (proprietary)
Deposit/Withdrawal Methods	Credit/debit cards, Bank wire transfer, Electronic wallets
Educational Tools	Articles, Video Tutorials, Webinars, Courses, Glossary
Customer Support	24/7 Live Chat, Phone, Email, Telegram, Viber, WhatsApp

Overview of FBS

FBS is a forex and CFD broker established in 2009. With its headquarters situated in Cyprus, the company maintains a global presence through offices in various countries such as China, Indonesia, Malaysia, and Thailand.

Catering to a diverse clientele, FBS offers an array of account types suitable for traders of varying experience levels and preferences. Whether you're a novice or a seasoned trader, FBS provides tailored account options to align with your requirements. The broker boasts an extensive selection of trading instruments encompassing over 40 currency pairs, precious metals, CFDs on stocks, and cryptocurrencies.

FBS equips its clients with the widely acclaimed MetaTrader 4 and MetaTrader 5 trading platforms, recognized as industry benchmarks. These platforms are accessible across desktop, web, and mobile devices, empowering traders to manage their accounts and execute trades on the move. Additionally, FBS introduces its proprietary mobile trading app, FBS Trader, catering to both iOS and Android users.

Ensuring top-notch client assistance, FBS is committed to delivering round-the-clock multilingual support via phone, email, and live chat. Complementing its support system, the broker extends an array of educational resources encompassing trading courses, video tutorials, webinars, and market analysis.

Is FBS Legit？

FBS is authorized and regulated by the Australia Securities & Investment Commission (ASIC) under regulatory license number: 426359, and the Cyprus Securities and Exchange Commission (CySEC) in Cyprus under regulatory license number:331/17.

This FBS is operated by FBS Markets Inc., and it is authorized and offshore regulated by the Financial Services Commission (FSC) in Belize under regulatory license number: IFSC/60/230/TS/17.

Market Intruments

FBS offers a wide range of trading instruments, including Forex currency pairs, stocks, commodities, indices, and cryptocurrencies. Forex traders can access a total of 40 currency pairs, including major, minor, and exotic pairs.

In addition to currency pairs, traders can also access CFDs on various global stocks such as Amazon, Apple, and Facebook, as well as commodities like gold, silver, and oil. Furthermore, FBS offers CFDs on several popular indices, including the S&P 500, NASDAQ, and the FTSE 100. Finally, traders can also access cryptocurrency CFDs on Bitcoin, Ethereum, Litecoin, and Ripple.

Account Types

FBS offers a range of account types to cater to the different needs and trading styles of its clients.

The Standard account is the most popular choice, offering competitive spreads and no commission fees. It's ideal for both new and experienced traders who want to trade with a relatively low initial deposit and enjoy the benefits of FBS's trading conditions.

For those who prefer to trade with smaller amounts, the Cent account is a good option. It allows traders to trade with cents instead of dollars, so they can better manage their risks and test different trading strategies. The Cent account has the same features as the Standard account, but with smaller contract sizes.

FBS also offers a Pro account, which allows traders to trade with cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and Ripple. This account type is suitable for those who want to take advantage of the volatility of the cryptocurrency market and speculate on their price movements.

Each account type has its pros and cons. The Standard account offers more trading instruments and requires a higher minimum deposit, but it has competitive spreads and no commission fees. The Cent account is ideal for those who want to start trading in smaller amounts, but it has wider spreads and fewer trading instruments. The Crypto account has a lower minimum deposit yet wider spreads.

Demo Trading

FBS provides demo trading accounts, enabling traders to refine their skills and acquaint themselves with the broker's trading platforms without financial risk. These demo accounts are complimentary and feature virtual funds, allowing users to replicate actual market conditions.

A key benefit of FBS's demo trading accounts lies in their ability to offer insight into the broker's trading conditions and execution speeds. They also facilitate the testing of various trading strategies and techniques. This feature proves particularly advantageous for novice traders who are still mastering the intricacies of trading and desire increased self-assurance prior to committing real capital.

Furthermore, FBS's demo trading accounts offer the advantage of global accessibility, requiring only an internet connection. This convenience is especially beneficial for traders without access to a physical trading station or those who prefer the flexibility of trading on the move.

How to Open an Account？

Registering an account with FBS is a straightforward process that ensures a hassle-free start to your trading journey. Here's a step-by-step overview:

1. Visit FBS Website: Begin by visiting the FBS website.

2. Open an Account: Locate and click on the “Open an account” button on the website. This initiates the registration process.

3. Provide Personal Information: You will be prompted to enter some essential personal details, including your name, address, and email. This information helps establish your identity.

4. Financial Information: Additionally, FBS will require some financial information. You'll be asked about your trading experience and investment goals. This helps tailor your trading experience to your needs and objectives.

5. Application Submission: Once you've completed the necessary steps and filled in the required information, submit your application. FBS will receive your application and review it meticulously.

6. Identity Verification: FBS will verify your identity, a standard procedure to ensure the security of your account. This verification process typically takes a few business days.

7. Funding Your Account: After your application has been successfully processed and your identity verified, you can proceed to fund your trading account. FBS offers a range of convenient deposit methods, including credit/debit cards, bank transfers, and e-wallets.

Leverage

The maximum leverage offered to retail clients with FBS is 1:30. This is in compliance with the regulations set forth by regulatory bodies like CySEC and the European Securities and Markets Authority (ESMA) to protect traders from the risks associated with high leverage.

However, professional clients with FBS have access to higher leverage up to 1:500, which can be beneficial for those who have a deeper understanding of the markets and are comfortable with taking on more risks.

It's important to have a solid understanding of leverage and risk management before engaging in high-leverage trading.

Spreads & Commissions (Trading Fees)

FBS offers a wide range of trading opportunities with their motto, “Narrow spreads – wide trading opportunities.” They provide traders with the advantage of incredibly tight spreads, starting from 0 pips.

When it comes to choosing a spread that suits their trading strategy, FBS offers flexibility. Traders can select from various spread types, including floating spreads starting from as low as 0.2 pips, fixed spreads starting from 3 pips, and even the option to trade without any spread (fixed spread of 0 pips). The choice of spread type and its associated value is determined by the specific account type a trader uses.

To enhance precision and accuracy in trading, FBS provides up to 5-digit quotes on all account types. This high level of precision is especially crucial for traders who engage in short-term orders.

Here is a table comparing the spreads on EUR/USD, Gold, and Indices by FBS, eToro, Exness, and IC Markets:

Broker	EUR/USD Spread	Gold Spread	Indices Spread
FBS	0.5 pips	From 0.3 pips	From 0.3 pips
eToro	1 pip	From 45 pips	From 75 pips
Exness	0.1 pips	From 25 cents	From 0.8 pips
IC Markets	0.1 pips	From 20 cents	From 0.5 pips

Non-Trading Fees

Apart from trading fees, there may be other charges that traders should be aware of when using FBS. Here are some non-trading fees to consider:

• Deposit and Withdrawal Fees: FBS offers various payment methods for deposits and withdrawals, including credit cards, e-wallets, and bank transfers. While most of these methods are free, some may incur fees depending on the payment provider and currency used.

• Inactivity Fee: FBS charges an inactivity fee of $10 per month if the trading account has been inactive for 180 days or more. This fee is taken from the account balance and continues until the account becomes active again.

• Conversion Fees: If a trader deposits funds in a currency different from their trading account currency, FBS may charge a conversion fee to convert the funds to the trading account currency. The conversion fee varies depending on the payment method and currency.

• VPS Hosting Fees: FBS offers VPS hosting services for traders who want to use automated trading strategies. The fee for VPS hosting varies depending on the plan chosen and the billing cycle.

Trading Platform

FBS offers its clients a variety of trading platforms to choose from, including the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. Both platforms are widely used by traders all around the world, and they offer a range of advanced tools and features to help traders analyze the markets and execute trades.

MT4 is a widely-used trading platform that is known for its reliability and ease of use. It offers a range of advanced charting tools, customizable indicators, and the ability to use expert advisors (EAs) to automate trading strategies. MT4 is available in both desktop and mobile versions, making it accessible to traders on-the-go.

MT5 is an upgraded version of MT4 and offers even more advanced features and tools. It has a more advanced charting package, as well as more timeframes and order types available. MT5 also allows traders to trade on the exchange markets, in addition to Forex.

In addition to these two popular platforms, FBS also offers a proprietary trading platform called FBS Trader, which is designed for mobile trading.

The platform is available for both Android and iOS devices and offers traders access to over 50 markets, including Forex, stocks, and commodities.

Deposit & Withdrawal

FBS offers a variety of deposit and withdrawal methods, including:

As for withdrawals, there are also no fees charged by FBS, but certain payment methods may have their own fees, such as bank wire transfer. The processing time for withdrawals may vary depending on the payment method chosen, but FBS aims to process withdrawals as quickly as possible.

Customer Support

FBS offers customer support through various channels, including email: support@fbs.com, phone: +357 22 010970, +501 611 0594, live chat, and social media (Facebook, Instagram, YouTube, Telegram). Their website is also available in multiple languages, making it more accessible to traders worldwide. The broker's customer support team is available 24/7, and they have received positive reviews from traders for their quick and helpful responses.

Educational Resouces

FBS offers a range of educational resources for traders of all skill levels. These resources include:

1. Trading courses: FBS provides free educational courses on various trading topics, including technical analysis, fundamental analysis, and risk management.

2. Webinars: The broker regularly hosts webinars on different aspects of trading. These webinars are conducted by experts in the field and cover a wide range of topics.

3. Video tutorials: FBS offers a collection of video tutorials that cover various aspects of trading. These tutorials are designed to help traders learn the basics of trading as well as advanced strategies.

4. Economic calendar: FBS provides an economic calendar that includes all major economic events that can impact financial markets. This helps traders stay informed about upcoming events and make informed trading decisions.

5. Trading tools: FBS offers a range of trading tools, including an economic news feed, a currency converter, and a trading calculator. These tools can help traders make better trading decisions.

6. Market analysis: FBS provides daily market analysis that covers major currency pairs, commodities, and indices. The analysis includes technical and fundamental analysis as well as trading recommendations.

Conclusion

FBS is a well-established online forex and CFD broker that offers a wide range of trading instruments, account types, and educational resources. The broker is regulated by reputable authorities and provides excellent customer support services to its clients. FBS also offers various trading platforms, including the popular MetaTrader 4 and 5, as well as a proprietary mobile application, FBS Trader.

While FBS has several advantages, such as a diverse range of trading instruments and low minimum deposit requirements, it also has some drawbacks, such as higher spreads and commissions than some of its competitors, as well as some limitations on the availability of certain account types in specific regions.

FAQs

• Question: Is FBS a regulated broker？

Answer: Yes, FBS is a regulated broker. It is licensed by the Australia Securities & Investment Commission (ASIC) and Cyprus Securities and Exchange Commission (CySEC), and offshore regulated by the Financial Services Commission (FSC) in Belize.

• Question: What trading instruments are available on FBS？

Answer: FBS offers a variety of trading instruments, including forex currency pairs, metals, energies, stocks, and cryptocurrencies.

• Question: What is the minimum deposit required to open an account with FBS？

Answer: The minimum deposit required to open a Standard or Cent account with FBS is $1.

• Question: What leverage does FBS offer？

• Answer: FBS offers flexible leverage options, up to 1:500 for professional traders, 1:30 for retail clients.

• Question: What trading platforms are available on FBS？

Answer: FBS offers the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms, as well as a proprietary mobile trading app called FBS Trader.

• Question: Does FBS offer any educational resources for traders？

Answer: Yes, FBS offers a range of educational resources, including video tutorials, webinars, e-books, market analysis, and a comprehensive FAQ section on their website.

• Question: Is FBS a good broker for beginners？

Answer: FBS can be a good option for beginners due to its low minimum deposit requirement, flexible leverage options, and educational resources.

Registered in	United Kingdom
Regulatory status	FCA of the United Kingdom, CYSEC of Cyprus and CIMA of the Cayman Islands
Year(s) of incorporation	more than 40 years
Market instruments	more than 40 currency pairs, precious metals, commodities, indices, stocks and cryptocurrencies
Minimum initial deposit	$100 y $200
Maximum leverage	1:500
Minimum spread	From 0.1 pips
Trading platform	MT4, MT5
Deposit and withdrawal methods	bank transfers, credit and debit cards, Neteller, Skrill, perfect Money, etc.
Customer Service	E-mail/phone number
Fraud allegations	Not yet

It is important to note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

In this review, if there is a conflict between the image and the text content, the text content should prevail. However, we recommend that you open the official website for further consultation.

Pros and cons of HYCM

Pros:

• - Wide range of financial instruments available for trading.

• - MT4 and MT5 trading platforms available, as well as a proprietary platform called PrimeTrader.

• - A free demo account is available for traders to practice without risking their real money.

• - Multilingual customer service available 24 hours a day, 5 days a week.

• - HYCM offers an Islamic account for traders who require an interest-free account.

• - Regulation by the FCA of the United Kingdom, CYSEC of Cyprus and CIMA of the Cayman Islands.

Cons:

• - The minimum deposit of $100 may be high for some traders.

• - The company does not accept traders from the United States.

HYCM General Information and Regulation

Advantages	Disadvantages
Registered and regulated by the FCA of the United Kingdom, CYSEC of Cyprus and CIMA of the Cayman Islands.	Registration and regulation in multiple jurisdictions can increase compliance complexity and costs
A track record of more than 40 years on the market	Traders may prefer brokers that focus exclusively on the foreign exchange market, rather than offering a range of financial products.
FCA and CYSEC regulation provides additional investor protection	Regulation does not guarantee security of funds and traders must do their own due diligence
Compliance with regulatory requirements can increase transparency and accountability	Regulation may limit certain operations and trading strategies

HYCM is a UK-registered forex broker and regulated by the Financial Conduct Authority (FCA), the Cyprus Securities Commission (CYSEC) and the Cayman Islands Monetary Authority (CIMA). With a track record of over 40 years in the market, HYCM has established itself as a leading broker in the foreign exchange trading industry.

In the following article, we will analyze the characteristics of this broker in all its dimensions, offering you easy and well-organized information. If you are interested, read on.

Regulators

HYCM is regulated by three major financial regulatory bodies: the Financial Conduct Authority (FCA) of the United Kingdom, the Cyprus Securities and Exchange Commission (CySEC) and the Cayman Islands Monetary Authority (CIMA). They are all globally recognized regulators and have a high reputation in the financial industry. The FCA is known to be one of the strictest and most demanding regulators in the world, and its regulation is considered to be one of the most rigorous and reliable in terms of customer protection. On the other hand, CySEC is the financial services regulatory authority in Cyprus, a country known for its attractive regulatory and tax environment for investment firms. And finally, CIMA is the financial regulator for the Cayman Islands, a British overseas territory. Together, these three regulations offer strong customer protection and increased security for financial transactions conducted through HYCM.

What type of broker is HYCM？

Advantages	Disadvantages
Offers more stable and fixed spreads	There may be a conflict of interest with customers
Can offer faster execution	Prices may be less transparent
Can provide greater flexibility in terms of leverage	There may be a risk of re-quoting
Can offer protection against market volatility	There may be limitations in the trading strategy
Offers a non-dealing desk account (Dealing Desk)	Prices may not reflect the true market

HYCM is a Forex and CFD (Contracts for Difference) broker that offers access to a wide variety of financial markets through its online trading platform. As a broker, HYCM acts as an intermediary between its clients and the financial markets, allowing traders to buy and sell financial instruments without having to physically own them.

HYCM operates under a Dealing Desk, which means that bid and ask prices are set by the company itself. This can be beneficial for traders looking for more stable and fixed spreads, but it also means that HYCM may have a conflict of interest with its clients. To mitigate this risk, HYCM offers a Dealing Desk trading account, which allows traders to trade at direct market prices.

Market instruments

HYCM offers its clients a wide variety of trading instruments, which means that traders can trade in different markets and have a greater diversification of their portfolios. In terms of currency pairs, HYCM offers a selection of the major and most popular pairs, such as EUR/USD, USD/JPY, GBP/USD, and many others. In addition, traders can also trade a variety of precious metals, such as gold and silver, and commodities such as crude oil. A selection of indices is also offered, including the S&P 500, the FTSE 100 and the Nikkei 225. HYCM also offers its clients the possibility to trade stocks of some of the world's largest companies, such as Apple, Microsoft and Amazon. Finally, HYCM offers the option to trade cryptocurrencies, including Bitcoin, Ethereum and Litecoin. This means that traders can have access to some of the most volatile and exciting markets in the world, which can provide unique trading opportunities and potential profits.

Spreads and commissions for trading with HYCM

1. HYCM charges variable spreads for its operations, which vary according to the type of account and trading instruments.

2. HYCM charges an inactivity fee of $10 per month after 3 months of account inactivity.

3. HYCM charges a commission of $4 per side for raw account transactions.

Trading accounts available at HYCM

Advantages	Disadvantages
Fixed Account: Offers floating spreads from 1.5 pips and does not charge commissions.	Spreads are less tight compared to the Raw account.
Classic account: Offers spreads from 1.2 pips and does not charge commissions.	Spreads are less tight compared to the Raw account.
Raw account: Offers spreads starting from 0.1 pips and charges a commission of $4 per lot traded.	It has a minimum deposit of $200, which can be inconvenient for traders who want to start with less capital. In addition, the commission can increase trading costs.
Free demo account: Allows traders to practice and familiarize themselves with the trading platform before investing their real money.	There is no real risk involved in the demo account, which can make traders overconfident when trading with a live account.

HYCM offers three types of trading accounts, with a minimum deposit of $100 for the classic/fixed account and $200 for the raw account. The available accounts are:

Fixed account: the Fixed account offers floating spreads starting from 1.5 pips, Min. position volume of 0.01 lot and allows trading more than 300 financial instruments, including currencies, commodities, indices and cryptocurrencies. In addition, a free demo account is offered for practice and learning, as well as an Islamic account.

Classic account: the classic account offers spreads starting from 1.2 pips and a commission of $0 per lot traded. The min. position volume is 0.01 lot and also allows trading of more than 300 financial instruments.

Raw account: the raw account offers spreads starting from 0.1 pips and a commission of $4 per lot traded. The main difference between the raw account and other accounts is that it has a minimum deposit of $200.

HYCM is also proud to offer a free demo account, allowing traders to practice and familiarize themselves with the trading platform before investing their real money.

Operating platform offered by HYCM

HYCM's MT4 platform is one of the most popular and widely used in the world of online trading, with a large user base worldwide. With this platform, traders can access multiple technical analysis tools, customizable charts, technical indicators and expert advisors (EAs). In addition, traders can use the backtesting function to evaluate the effectiveness of their trading strategies and adjust them as needed.

On the other hand, HYCM also offers the MT5 platform for those who are looking for a more advanced trading platform. The MT5 platform is an enhanced version of MT4, with more advanced tools and features. The MT5 platform also offers the hedging function, which means that traders can simultaneously open long and short positions on the same instrument, which can be useful in certain trading strategies. In addition, MT5 also allows traders to access more markets and types of financial assets, including futures and options.

HYCM maximum leverage

Advantages	Disadvantages
Possibility of significantly increasing the potential benefits	Increased risk of loss
Allows trading with a position of up to 500 times the initial capital.	Trading with high leverage can lead to rapid loss of funds
It can be useful for experienced traders with well-defined strategies.	Can be dangerous for inexperienced traders or traders who do not manage risk well.
Allows access to more markets and trading opportunities	It can generate a false sense of confidence and lead to over-operating.
Allows trading large volumes with little capital	Good market knowledge and risk management are necessary for successful trading.

HYCM offers a maximum leverage of 1:500 for currencies, which means that traders can trade with a position of up to 500 times their initial capital. This can significantly increase potential profits, but also increases the risk of losses.

Deposit and Withdrawal: methods and fees

Advantages	Disadvantages
Wide variety of deposit and withdrawal options	Withdrawal processing times may vary depending on the payment method and the trader's banking institution.
Low minimum deposit amount
No deposit or withdrawal fees
Fast processing of withdrawal requests

HYCM offers a wide variety of deposit and withdrawal options, making it easy and convenient for traders to deposit and withdraw funds. Traders can make deposits using a variety of methods, including bank transfers, credit and debit cards, popular e-wallets such as Neteller and Skrill, and other online payment methods such as Perfect Money.

The minimum deposit amount is only $20, which is an advantage for those who wish to try HYCM without having to deposit large sums of money. In addition, HYCM does not charge any deposit fees, which means that traders can deposit any amount they wish without worrying about additional charges.

When it comes to withdrawals, HYCM processes withdrawal requests within 24 hours for some payment methods, which is a fast processing time compared to other brokers. Traders can withdraw funds using the same payment methods used to make deposits. There are no withdrawal fees at HYCM, which means that traders can withdraw their profits without having to worry about additional costs.

It is important to note that withdrawal processing times may vary depending on the payment method and the trader's banking institution. HYCM strives to process all withdrawal requests as quickly as possible, but there are factors beyond its control that may affect processing time. Overall, HYCM offers a wide variety of deposit and withdrawal options, as well as fast processing times and no additional fees, making it an excellent choice for traders looking for a reliable and convenient broker.

Education at HYCM

One of the additional advantages of HYCM is that it offers a wide range of educational tools to help traders improve their trading knowledge and skills. This includes live webinars, online seminars, trading guides, video tutorials and much more. HYCM is committed to helping its traders achieve their trading goals and maximize their earning potential.

HYCM Customer Service

HYCM offers 24/5 customer support in several languages, including English, Spanish, German, French and several other languages. Traders can contact the support team by phone, email and live chat. They also have a FAQ section on their website to help traders find answers to common questions.

E-mail: support@hycm.com

Conclusion

Overall, HYCM is a reliable and well-regulated forex broker that offers a wide range of trading instruments and trading platforms. With its focus on transparency and security of client funds, HYCM is an excellent choice for traders of all experience levels. In addition, its wide range of educational resources and exceptional customer service make HYCM an excellent choice for traders looking to improve their skills and knowledge in the Forex market.

Frequently asked questions about HYCM

Question: Does HYCM offer a demo account？

Answer: Yes, HYCM offers a free demo account for traders to test the platform and practice their trading strategies without risking their own money.

Question: What is the minimum deposit to open an account in HYCM？

Answer: The minimum deposit to open an account in HYCM is $100 USD.

Question: What trading platforms does HYCM offer？

Answer: HYCM offers a variety of trading platforms, including the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms.

Question: Does HYCM offer leverage？

Answer: Yes, HYCM offers leverage for traders. The maximum leverage offered depends on the trading instrument and country regulation.

Question: Does HYCM charge transaction fees？

Answer: On classic and fixed accounts, HYCM charges a spread fee for its trades, which means that it does not charge commissions per trade. But on the raw account there is a commission.

Question: Does HYCM offer educational resources for traders？

Answer: Yes, HYCM offers a wide range of educational resources for traders, including trading courses, live webinars, educational articles and trading strategies on its website.

Question: Is HYCM regulated？

Answer: Yes, HYCM is regulated by several financial authorities, including the Financial Conduct Authority (FCA) in the United Kingdom, the Cyprus Securities and Exchange Commission (CYSEC) and the Cayman Islands Monetary Authority (CIMA).