One of the most important tasks for traders from all over the world is to find a reliable broker. In this article, we will explore why FBS Broker in South Africa deserves your attention.
To begin with, a few words about the company. FBS was founded in 2009 and for more than ten years of its existence has earned a great deal of international awards and, most importantly, the trust of its customers. The broker’s services are used by more than 23M traders around the world, and more than 8% of them are in South Africa. In total, FBS is present in over 150 countries, and the head office is located in Limassol, Cyprus.
Why you should trade with FBS
Now, let us take a closer look at the advantages of the FBS Forex Broker in South Africa.
1. FBS is reliable
First of all, the reliability of this trading company in South Africa is confirmed by an official license. FBS Markets Inc activities are regulated by IFSC, license number IFSC/000102/310. This confirms that the company meets all the requirements necessary to provide financial services.
2. Convenient trading tools
With FBS, you can not only work on the well-known MetaTrader 4 and MetaTrader 5 platforms, but also download their own mobile trading platform — FBS Trader. The last one is the best amongst brokers for beginners. Moreover, with FBS Web Trader you can instantly trade online using MT4 and MT5 without downloading anything.
In addition, FBS users have quick access to all necessary tools for market analysis. Namely:
- Forex Calculator. With its help, you can easily calculate the potential profits and risks for any transaction.
- Economic Calendar. Here you can find out all the relevant political and financial news and their impact on the price charts.
- Currency Converter. Use it to keep track of current exchange rates tout de suite.
3. Free trading education
It does not matter if you are a novice trader or an accomplished professional, learning is essential for everyone. FBS offers a wide range of training materials for every level of experience.
The following choices are available on the official website and in the FBS Trader app:
- Webinars from leading market experts,
- Video lessons with walk-through guides on trading,
- Seminars for discussing the most important issues with top FBS analysts,
- Forex Guidebook divided according to 4 levels of experience,
- Tips for Traders for discovering all the secrets of successful trading,
- Glossary with the main terms.
4. Great selection of account types
FBS gives you a choice of six types of accounts to suit every taste.
- Standard account with no commission, minimum deposit of $100, floating spread from 0.5 pips, and leverage up to 1:3000.
- Cent account with no commission, minimum deposit of $1, floating spread from 1 pip, and leverage up to 1:1000.
- Micro account with no commission, minimum deposit of $5, fixed spread of 3 pips, and leverage up to 1:3000.
- Zero Spread account with a commission from $20 per lot, minimum deposit of $500, zero spread, and leverage up to 1:3000.
- ECN account with a commission of $6, minimum deposit of $1000, floating spread from -1 pip, and leverage up to 1:500.
- Crypto account with a commission of 0.05%, minimum deposit of $1, floating spread from 1 pip, and fixed 1:5 leverage.
5. 7 trading instruments to choose from
Depending on your trading interests and personal preferences, the following instruments are available in South Africa with FBS:
- Forex
- Metals
- Indices
- Energies
- Stocks
- Forex Exotic
- Crypto
6. Deposits and withdrawals via any system in any currency
A big advantage of the FBS is the availability to deposit and withdraw funds with your preferred system in your preferred currency, including ZAR.
In addition to global payment systems (Visa, Neteller, Sticpay, Skrill, Perfect money), with FBS you can use local bank transfer:
- Nedbank,
- Standard Bank,
- ABSA,
- FNB, and so on.
There are no deposit fees, however, withdrawal conditions depend on the currency, payment system and account type.
7. Deposit bonus for trading
In addition to their numerous different promotions, FBS has a special offer for all its customers — a free Deposit Bonus. If you open a Cent, Standard, Micro or Zero Spread account, you have the opportunity to get a 100% deposit bonus. Thus, after activating the bonus, you will double your deposit and trade with twice as much.
8. Customer support 24/7
As an additional, but no less pleasant, feature, FBS provides traders with professional round-the-clock support in live chat, by email or on social media platforms. Customer support is available 7 days a week and in 14 different languages.
FBS Personal Area for trading
All of the above features and more are available in the FBS Personal Area in the FBS app. It is an easy-to-use and convenient tool that puts everything you need for trading at your fingertips. In the Personal Area, you can create and manage accounts, payment methods, and financial transactions.
And beyond that there are the means to:
- access your trading tools,
- deposit and withdraw funds,
- see the history of transactions,
- contact the 24/7 customer support,
- view your MetaTrader account details,
- activate the Deposit Bonus,
- customize your account,
- access the free educational materials.
FBS in South Africa
We should make a special mention of a $70 sign-up bonus that is available for all South African traders who register with a new account. And if you download the FBS Personal Area app, the bonus will be doubled, that is, turn into $140. To claim it, you need to register a real account, verify it, and trade for 20 days. That undoubtedly earns FBS the title of the best online broker in South Africa.
