fbs Review crypto broker 2024

Our veredict

FBS is a well-regarded broker that offers a range of trading services, including cryptocurrencies. Established in 2009, FBS has built a reputation for providing a user-friendly trading experience with low minimum deposits and high leverage options. The platform supports both CFDs and physical cryptocurrencies, making it versatile for different types of traders. The FBS Trader app allows users to trade cryptocurrencies directly and via pairs like BTC/USD, which adds flexibility and convenience for crypto enthusiasts. Additionally, the platform is regulated by multiple authorities, including CySEC, ASIC, and FSCA, which enhances its credibility and security for users.

Despite its strengths, there are some drawbacks to consider. FBS does not offer investor protection for non-EU clients, and its services are not available to residents of certain countries, including the USA. Moreover, while it provides a wide range of educational resources and customer support, the daily market news and analysis updates can be inconsistent. These points may be crucial for traders who rely heavily on up-to-date market information and comprehensive protection for their investments.

Pros

High Leverage Available FBS offers high leverage options for crypto trading, which allows traders to maximize their potential returns on investments with relatively small capital outlays.
Regulated by Multiple Authorities FBS is regulated by several reputable financial authorities, including CySEC and ASIC, ensuring compliance with high standards of security and operational transparency.
No Deposit/Withdrawal Fees FBS does not charge any fees for deposits and withdrawals, making it more economical for traders to move funds in and out of their trading accounts without incurring additional costs.

Cons

No Investor Protection for Non-EU Clients FBS does not offer investor protection schemes for clients outside the European Union, which may be a concern for traders seeking additional security measures for their investments.
Inconsistent Market News Updates The platform’s market news and analysis updates are not always consistent, which can be a drawback for traders who rely on timely and accurate market information to make informed decisions.

Threenvest Score

Fees

3,8/5

Regulated

IFSC

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To better understand our editorial guidelines and the investment methodology that supports our ratings, you can explore the information in our editorial policy.

Why choose fbs?

FBS is a strong contender for those looking to engage in crypto trading. One of the primary reasons to choose FBS is its regulatory standing. The broker is regulated by multiple reputable authorities, including CySEC, ASIC, and the FSCA, which ensures a high level of security and transparency in its operations. This multi-jurisdictional regulation provides an extra layer of trust and reliability, which is crucial in the volatile world of cryptocurrency trading.

Additionally, FBS offers a user-friendly trading environment with no fees on deposits and withdrawals, making it cost-effective for traders to manage their funds. The availability of the FBS Trader app, which supports both CFDs and physical cryptocurrencies, provides flexibility and convenience for traders who prefer to manage their investments on-the-go. This app integrates seamlessly with popular platforms like MetaTrader 4 and 5, further enhancing the trading experience.

Another key advantage of FBS is its comprehensive support and educational resources. The platform offers extensive materials, including webinars, tutorials, and market analysis, which are invaluable for both novice and experienced traders. This focus on education helps traders make informed decisions and improve their trading strategies. Combined with its robust security measures, high leverage options, and responsive customer service, FBS stands out as a reliable and advantageous choice for cryptocurrency trading.

Xavier Tarrasó

EIP and Cryptocurrency Investor

As an expert in crypto trading, I highly recommend FBS for both beginners and experienced traders. The platform’s user-friendly interface, combined with its robust security measures and regulatory compliance, ensures a safe and efficient trading experience. FBS offers competitive leverage and no fees on deposits and withdrawals, making it a cost-effective choice. Additionally, the educational resources and responsive customer support provide invaluable assistance to help you navigate the complexities of crypto trading. Overall, FBS is a trustworthy and versatile platform well-suited to meet your crypto trading needs.

How do we review crypto exchanges?

At Threenvest, we conduct a thorough review process to evaluate and rank the world’s leading crypto exchanges. Our goal is to offer an unbiased assessment, providing you with the information you need to make informed decisions on which ones best suit your needs. We strictly adhere to the guidelines of our editorial policy.

We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).

For more details on the categories considered when rating brokers and our process, read our full methodology.

Risk Disclaimer

Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong.

Neither Threenvest, nor the author, are recommending you to invest with this article.

Alejandro Borja Fuentes

Economist | Cryptocurrency exchange analyst

The author of the review

Alejandro Borja is an accomplished economist with a distinguished career spanning various facets of the financial industry. His academic journey began with a degree in Economics, laying the foundation for his deep understanding of financial markets.

Over the years, Alejandro has honed his skills by working with some of the largest financial media outlets, analyzing and reporting on economic trends and investment opportunities. His expertise in financial analysis has made him a respected voice in the economic community.