FBS Broker

FBS Pakistan Review 2023 - FBS Pakistan Forex Broker

FBS broker is a leading Forex broker who has been in this field for more than 11 years. This brokerage company currently has over 17 million active traders and works together with over 410,000 partners from over 150 countries.

To start their journey in the Forex market with FBS Pakistan, traders only need to deposit 1 USD. There are 6 types of accounts to choose: Cent, Micro, Standard, Zero Spread, ECN, and Crypto. After registering, traders can trade 35 currency pairs, 4 metals, 11 indices, 3 energies, 66 stocks, and cryptocurrencies in MT4, MT5, and FBS Trader platforms with no requotes. The spread starts from -1 pip and the maximum leverage is 1:3000. All strategies are welcome in all accounts.

Being regulated by the IFSC of Belize, FBS Pakistan guarantees the safety of their clients’ funds. Traders can deposit and withdraw funds conveniently via various payment methods, such as credit/debit cards, e-wallets, local Pakistan bank transfers, local exchange services, and cryptocurrencies.

This Forex broker is also famous for offering interesting bonuses and holding exciting Forex contests. FBS Pakistan also offers various beneficial programs, such as the FBS Loyalty program, copytrade, and Affiliate program.

In addition, FBS Pakistan provides various resources that traders can use to improve their Forex knowledge and skills, such as market analytics (Forex news and daily market analysis), trader tools (economic calendar and Forex calculator), and Forex education (guidebook, tips, webinars, videos, seminars, FAQ, and glossary).
For any help or questions, simply contact the 24/7 support team. They are ready to help via live chat, email, or phone. Alternatively, traders can try to find the answers to general questions on FBS comprehensive FAQ page.
Website: www.FBS.com
Regulations: ASIC, IFSC, CySEC, FSCA
Country: Russia, Cyprus
Founded: 2009
Pakistan Support Desk: Yes
FBS Pakistan Rating:
4.8 / 5

Account types offered by FBS Pakistan

FBS Pakistan offers 6 types of accounts: Cent, Micro, Standard, Zero Spread, ECN, and Crypto. After registering with FBS Pakistan, traders can choose an account type that is most suitable for their appetite risk, trading needs, and styles. All account types support swap-free trading (except ECN account), which is ideal for traders of the Islamic faith.

Traders can trade 35 currency pairs and 4 metals in the MT4 platform, as well as 35 currency pairs, 4 metals, 11 indices, 3 energies, 66 stocks, and cryptocurrencies in the MT5 platform in USD and EUR. All orders in all accounts, except ECN, are executed in real-time through the STP process in 0.3 seconds. In addition, all FBS Pakistan accounts accept all strategies and EA with no requotes.
Standard
Minimum Deposit: $100
Leverage: 1:3000
Minimum trade size: 0.01
Spread Type: Floating from 0.5 pip
Commission: No
Account Currency: USD, EUR

Cent
Minimum Deposit: $1
Leverage: 1:1000
Minimum trade size: 0.01
Spread Type: Floating from 1 pip
Commission: No
Account Currency: USD, EUR

Micro
Minimum Deposit: $5
Leverage: 1:3000
Minimum trade size: 0.01
Spread Type: Tetap dari 3 pip
Commission: No
Account Currency: USD, EUR

ECN
Minimum Deposit: $1000
Leverage: 1:500
Minimum trade size: 0.01
Spread Type: Floating from 0 pip
Commission: $6\lot
Account Currency: USD, EUR

Zero Spread
Minimum Deposit: $500
Leverage: 1:3000
Minimum trade size: 0.01
Spread Type: Tetap (0 pip)
Commission: $20\lot
Account Currency: USD, EUR

Crypto
Deposit Minimum: $1
Leverage: 1:5
Saiz dagangan terkecil: 0.01
Jenis Spread: Terapung dari 1 pip
Komisen: 0.05%
Matawang asas Akaun: USDT

1. Cent Account

Transactions in Cent account are carried out in cents, so it is low risk and thus beneficial for newbie traders who have just joined the Forex market. The minimum deposit is just 1 USD and traders can trade in a minimum of 0.01 cent lots to a maximum of 1,000 cent lots, up to 200 maximum open positions. They can also enjoy floating spread starting from 1 pip with leverage as high as 1:1000. The Cent account does not charge any commission.

2. Micro Account

For traders who want to calculate their profits precisely, they can trade in smaller sizes by using micro lots in the Micro account. This account is also preferred by traders who want to try and master various trading strategies. They can deposit a minimum of 5 USD to start enjoying the fixed spread of 3 pips and maximum leverage of 1:3000. Traders can open up to 200 positions in a minimum of 0.01 lots to a maximum of 500 lots without any commission.

3. Standard Account

The Standard account is usually used by more experienced market players since it offers ultra-competitive floating spreads, starting from 0.5 pips. To start trading using this account and make use of the maximum leverage of 1:3000, traders can deposit funds starting from 100 USD with no commission. The order volume starts from 0.01 lots to 500 lots. Similar to the previous two account types, traders can open a maximum of 200 positions.

4. Zero Spread Account

The next account type, Zero Spread, is most suitable for experienced traders who prefer high-speed trading since it offers the fastest speed out of all account types. There is no spread for this account, but FBS Pakistan charges a commission starting from 20 USD per lot. By depositing at least 500 USD, traders can benefit from leverage as high as 1:3000 and a maximum of 200 open positions. The minimum order volume is 0.01 lots and the maximum volume is 500 lots.

5. ECN Account

Professional traders
who want to experience the full power of trading with ECN technologies usually prefer the ECN account. This account offers the best trading conditions, such as floating spread as low as -1 pip, leverage as high as 1:500, and no limit for the open positions. However, the minimum initial deposit is quite high, which is 1,000 USD and FBS Pakistan requires a commission of 6 USD. Traders can trade in a minimum of 0.1 lots to a maximum of 500 lots. All orders in the ECN account are executed in the ECN environment.

6. Crypto Account

Crypto account is offered specially for traders who want to do crypto trading with low spread. The minimum deposit amount is 1 USD. The spread offered is floating starting from 1 pip, and the highest leverage is 1:5. Traders can trade from 0.01 lots up to 500 lots using the Crypto account. FBS Pakistan charges a commission of 0.05% for opening positions and another 0.05% for closing positions.

Aside from the above six accounts, traders can also open a Copytrading account as an Investor or Trader. Traders can get an additional commission by allowing their trading account to be copied by Investors. On the other hand, Investors can copy the trades of a professional trader so they do not need to deal with complicated strategies in the Forex market. However, Investors can only copy the MT4 Micro and MT4 Standard accounts.

Finally, if traders still feel unsure to start a live account, they can practice with the Demo account that uses virtual currency for transactions.

How to deposit and withdraw funds at FBS Pakistan

As a global brokerage company, FBS Pakistan offers a plethora of deposit and withdrawal methods.

Traders can use credit cards (VISA, Mastercard, Maestro), electronic payments (Neteller, Skrill, WebMoney, Sticpay, Paytm, etc.), local bank transfers (via NetBanking), and local exchange services. In addition, FBS Pakistan offers cryptocurrencies for deposit and withdrawal, including Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. This broker allows deposits in Rupee for some methods, and they will automatically convert the amount into USD or EUR based on the official exchange rate at that time.

Each deposit method has different commissions and processing times as follows:

VISA, Neteller, Skrill (USD, EUR) --> no commission, processed instantly
Sticpay (USD) --> 2.5% + 0.3 USD commission, processed instantly
Perfect Money (USD, EUR) --> commission may apply, processed instantly
Bank wire transfer --> 5-7 bank business days
Other payment systems --> typically within 1-2 hours

To withdraw the fund from FBS Pakistan, different commission fees are charged:

VISA (USD, EUR) --> 1 USD commission, 15-20 minutes and maximum 2 days
Neteller (USD, EUR) --> 2% commission (min. 1 USD, max. 30 USD), 15-20 minutes and maximum 2 days
Sticpay (USD) --> 2.5% + 0,3 USD commission, 15-20 minutes and maximum 2 days
Skrill (USD, EUR) --> 1% + 0.32 commission, 15-20 minutes and maximum 2 days
Perfect Money (USD, EUR) --> 0.5% commission, 15-20 minutes and maximum 2 days
Bank wire transfer --> 7-10 bank business days
Credit/debit card --> 3-4 business days

To avoid any delay on the deposit processing, make sure that the name on the Forex account is the same as the name on the payment method. Moreover, fund withdrawal can only be done via the same payment system used for the deposit.

If traders have an inactive account, FBS Pakistan will not deduct any fee. However, their account will be archived after three months of inactivity.

Is FBS Pakistan reliable and safe?

Founded in 2009, FBS Pakistan has more than 11 years of experience in online trading services. In its first year of operation, FBS Pakistan already served more than 50,000 clients, and now they have more than 17 million active traders and 410,000 partners from over 150 countries.

Moreover, to attest to their competency and excellence, FBS Pakistan has received numerous international awards, including the Best International Forex Broker, Most Transparent Forex Broker 2018, Best Forex Trading Account 2018, and Best Forex Broker Asia 2018.

This reputable brokerage company is also licensed by the IFSC of Belize under the company name of FBS Markets Inc. Being regulated by an established regulator, FBS Pakistan has to comply with the international regulatory standards, fulfill the minimum equity capital requirement, and be audited periodically.

Traders do not need to worry about the safety of their funds as FBS Pakistan uses segregated bank accounts and offers negative balance protection. This broker also applies Anti-Money Laundering (AML) policy so that traders’ funds are 100% secure. As an A-Book no-dealing desk and non-market-maker brokerage company, FBS Pakistan provides both STP and ECN environments. They direct traders’ orders right to liquidity providers, thus making them more trustworthy.

Types of spreads in FBS Pakistan

The spreads in FBS Pakistan are different depending on the account types. They offer 5-digit quotes precision.

Cent, Standard, ECN, and Crypto accounts are offered with tight floating spreads from 1 pip, 0.5 pip, -1 pip, and 1 pip, consecutively. On the other hand, fixed spreads apply to the other two accounts, 3 pips for the Micro account and 0 pip for the Zero Spread account.

The table below provides the current average spreads counted in pips for common currency pairs:
FBS Spread

Trading platforms offered by FBS Pakistan

To facilitate the best trading experience for their traders, FBS Pakistan offers 3 trading platforms: MetaTrader 4, MetaTrader 5, and FBS Trader. These three platforms provide up-to-date tools and numerous analytical patterns, as well as available in both website and mobile versions.

The popular MT4 platform can be used on the web, Android, iOS, Windows, Mac, and multiterminal. This platform offers 50 indicators and charting tools, VPS service, 4 types of pending orders, embedded news, and one-click trading.

The advanced MT5 platform can be used on the web, Android, iOS, Windows, and Mac. As a more versatile software than MT4, it offers 90 indicators and charting tools, VPS service, 6 types of pending orders, 21 timeframes, economic calendar, embedded news, and one-click trading.

The innovative FBS Trader platform is only available on Android and iOS. However, traders can use the WebTrader from the FBS Pakistan website. By using this platform, they can enjoy secure and fast transactions with various bonuses and cashback offers.

Key advantages of trading with FBS Pakistan

Six types of accounts: Cent, Micro, Standard, Zero Spread, ECN, and Crypto accounts.
Licensed and regulated by the IFSC of Belize with negative balance protection.
Floating spread as low as -1 pip with the highest leverage on the market, 1:3000.
Various deposit and withdrawal methods, including local Pakistan bank transfers and exchangers.
Various market analytics, trader tools, and Forex education.
The minimum initial deposit is just 1 USD for the Cent account.
All trading strategies are allowed, including EA, hedging, scalping, and copytrading.
Market execution as fast as 0.3 seconds with no-requotes and no dealing desk.
Trade Forex, Metals, Indices, Energies, Stocks, and Crypto in MT4, MT5, and FBS Trader.
Professional 24/7 customer support, and website is available in 16 languages, including Urdu.
πŸ‘‰ www.FBS.com
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