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FBS review

FBS Review

Overall, FBS is considered an average risk, with an overall Trust Score of 75 out of 100. FBS is licensed by one Tier-1 Regulator (high trust), two Tier-2 Regulators (average trust), and one Tier-3 Regulator (low trust). FBS offers six different retail trading accounts namely an FBS Cent Account, FBS Micro Account, FBS Standard Account, FBS Zero Account, FBS ECN Account, and FBS Crypto Account. FBS is currently not regulated by the bank of Namibia

Updated : September 28, 2022

Jump to:

Regulation and Safety of Funds

Account Types and Features

Account Registration

Trading Platforms

Range of Markets

Fees

Deposits and Withdrawals

Education and Research

Affiliate Program

Final Verdict

Pros and Cons

FAQ

FBS review

Overall Rating

Min Deposit

USD 1 / 16 Namibian dollars 

Regulators

IFSC, FSCA (South africa), ASIC, CySEC

Trading Desk

MetaTrader 4, MetaTrader 5, FBS Trader – all in one mobile trading platform.

Crypto

Yes

Total Pairs

Islamic Account

No

Trading Fees

Low

Welcome Bonus

$100 (1,600 NADFind out More)

Account Activation Time

24 Hours

FBS Overview

FBS Review Overview Namibia

👉 FBS accepts Namibian clients and has an average spread from 0.0 pips with $6 commissions round turn. FBS has a maximum leverage ratio up to 1:3000 and there is a demo and Islamic account available. MT4, MT5, FBS Trader platforms are supported. FBS is headquartered in Belize and is regulated by IFSC, CySEC, ASIC, and FSCA.

 

👉 As an online forex and CFD broker that has been around for a long time, FBS is a popular choice for many traders. FBS Inc. was founded in 2009 and has since expanded in size, strength, and financial resources.

 

👉 Subsequently, FBS now has offices and partners in countries around the globe. FBS indicates that hundreds of new online trading accounts are established every day, and both traders and new business associates own these accounts.

 

👉 FBS has millions of customers in over 150 countries throughout the globe. In addition, FBS offers Namibian traders the opportunity to purchase and sell over 75 different trading products spread across financial asset classes.

 

👉 This FBS review for Namibia will provide local retail traders with the details that they need to consider whether FBS is suited to their unique trading objectives and needs.

 

FBS Distribution of Traders

FBS Review Distribution of Traders Namibia

👉 FBS currently has the largest market share in these countries:

➡️️ Philippines – 10.2%

➡️️ Malaysia – 8.1%

➡️️ India – 6.6%

➡️️ Republic of Korea – 5.25%

➡️️ Qatar – 4.45%

 

Popularity among traders who choose FBS

🥇 FBS does not currently hold a significant market share in Namibia as a CFD and Forex broker. However, FBS is still one of the Top 30 brokers for Namibian forex and CFD traders.

 

FBS At a Glance

🏛 HeadquarteredBelize
🏙 Local office in Windhoek?No
✅ Accepts Namibian Traders?Yes
🗓 Year Founded2009
📞 Namibian Office Contact NumberNone
🤳 Social Media Platforms• Facebook
• Twitter
• Telegram
• Instagram
• YouTube
⚖️ RegulationIFSC, CySEC, ASIC, FSCA

🪪 License Number• Belize – 000102/198
• Cyprus (Tradestone) – 331/17
⚖️ BoN RegulationNone
🚫 Regional RestrictionsJapan, United States, Canada, United Kingdom, Myanmar, Brazil, Malaysia, Israel, the Islamic Republic of Iran
☪️ Islamic AccountYes
💻 Demo AccountYes
🛍 Retail Investor Accounts6
📊 PAMM AccountsNo
🤝 Liquidity ProvidersCurrenex
💸 Affiliate ProgramYes
📲 Order ExecutionMarket
📊 Average spread0.0 pips
📞 Margin Call40%
🛑 Stop-Out20%
✅ Crypto trading offered?Yes
💰 Offers a NAD Account?No
👨‍💻 Dedicated Namibian Account Manager?No
📊 Maximum Leverage1:3000
🚫 Leverage Restrictions for Namibia?No
💰 Minimum Deposit (NAD)16 Namibian dollars or an equivalent to $1
✅ NAD Deposits Allowed?Yes
📊 Active Namibian Trader Stats150,000+
👥 Active Namibian-based FBS customersUnknown
💳 Namibia Daily Forex TurnoverUnknown, overall Forex Daily Trading Volume is over $6.6 Trillion
💵 Deposit and Withdrawal Options• Credit Card
• Debit Card
• Neteller
• Sticpay
• Skrill
• Perfect Money
• Local Exchanges
🏦 Segregated Accounts with Namibian Banks?No
📊 Trading Platforms• FBS Trader
• MetaTrader 4
• MetaTrader 5
✔️ Tradable Assets• Forex
• Precious Metals
• Indices
• Energies
• Stocks
• Exotic Forex
• Cryptocurrencie
💸 Offers USD/NAD currency pair?No
📈 USD/NAD Average SpreadN/A
📉 Offers Namibian Stocks and CFDsNo
🗣 Languages supported on WebsiteEnglish, German, Spanish, French, Italian, Portuguese, Indonesian, Malay, Vietnamese, Turkish, Korean, and others
📞 Customer Support LanguagesMultilingual
⏰ Customer Service Hours24/7
👥 Namibian-based customer support?No
✅ Bonuses and Promotions for NamibiansYes
📚 Education for Namibian beginnersYes
📱 Proprietary trading softwareYes
💰 Most Successful Namibian TraderMichael Amushelelo (Net Worth Unknown)
✅ Is FBS a safe broker for Namibians?Yes
📊 Rating for FBS Namibia9/10
🤝 Trust score for FBS Namibia75%
👉 Open an account👉 Open Account

FBS Regulation and Safety of Funds

FBS Review Regulation And Safety Namibia

 

FBS Regulation in Namibia

👉 FBS has offices around the globe but not in Namibia. In addition, FBS is also not locally regulated by the Bank of Namibia.

 

FBS Global Regulations

👉 FBS has the following regulation and authorization to offer its services around the globe:

➡️ FBS has been licensed by the International Financial Services Commission (IFSC) in the region, making it a trustworthy international broker.

➡️ Cyprus Securities and Exchange Commission (CySEC) issued license number 331/17 to Cyprus-based Tradestone Ltd, which is FBS’ European affiliate.

➡️ The Australian Securities and Investment Commission (ASIC) regulates Intelligent Financial Markets Pty Ltd (IFM) which also operates under the name IFGM or FBS Oceania under AFSL number 426359.

➡️ In South Africa, FBS operates under the name Trade Stone SA (Pty) Ltd. Under this entity, FBS is regulated and overseen by the Financial Sector Conduct Authority (FSCA) as a Financial Service Provider (FSP) under FSP number 50885.

 

FBS Client Fund Security and Safety Features

👉 European consumers are protected by the Investors Compensation Fund (ICF). For any reason, the ICF can reimburse traders up to €20,000 if their broker goes bankrupt.

 

👉 Customers of FBS who want to create an account must complete the Know Your Client process. To open a trading account, traders must show proof of their identification and residence. Traders should be aware that FBS’ Anti-Money Laundering regulations apply to all deposits and withdrawals from and to unknown accounts.

 

👉 By introducing negative balance protection to retail investor accounts, a Namibian trader is protected from losing their whole account balance if they lose a significant sum of money.

 

👉 When the market moves against a trader, leverage is typically employed, which increases the size of the position and increases the risk.

 

👉 FBS exclusively works with top-tier banks to protect its customers’ cash. Customers’ money cannot be used to operate FBS’ operations or satisfy its financial obligations. All customers are thoroughly vetted using Proof of Identification and Proof of Residential Address. Additionally, FBS also abides by the Anti-Money-Laundering (AML) regulation and therefore prohibits third-party payments.

 

👉 Lastly, Secure Sockets Layer (SSL), an industry-standard, has been applied across all platforms and websites, and this specific feature is appealing since it deters hackers and cybercriminals.

FBS Account Types and Features

FBS Review Account Types And Features Namibia

 

👉 FBS allows six retail investor accounts to connect Namibian traders to different financial markets, including the Forex market. FBS’ extensive array of trading choices, which includes alternatives for novices and experts, is readily accessible to traders of all skill levels. The account types that are offered to Namibian traders are:

➡️ FBS Cent Account

➡️ FBS Micro Account

➡️ FBS Standard Account

➡️ FBS Zero Account

➡️ FBS ECN Account

➡️ FBS Crypto Account

 

FBS Live Trading Accounts

FBS Cent Account

FBS Review Cent Account Namibia

 

👉 The fundamental characteristic of the FBS Cent Account is the usage of cents for both the account balance and all transactions. The Cent Account is a fantastic option for novice traders due to its low-risk trading environment.

 

👉 Experienced traders may use this account as a testing ground for their trading strategies. The Cent Account has a lower minimum opening deposit and permits smaller holdings.

Account FeatureValue
💰 Minimum Deposit16 NAD or an equivalent to $1
📊 Average spreadFloating, from 1 pip
💵 CommissionNone
📈 LeverageUp to 1:1000
📊 Maximum opening positions200
💰 Order volumeBetween 0.01 to 1,000 cent lots
💸 Market ExecutionFrom 0.3 seconds, STP
📱 Trading PlatformMetaTrader 4, MetaTrader 5, FBS Trader
💻 Tradable InstrumentsForex, precious metals, indices, energies, forex exotics, stocks
☪️ Swap-Free Islamic OptionYes

 

FBS Micro Account

FBS Review Micro Account Namibia

 

👉 On the Micro Account, you may take advantage of bonuses such as the 100% deposit bonus, the level-up bonus, and cashback.

 

👉 In addition, Namibian traders can use the Trade Calculator, an excellent trading tool that can assist both beginner and experienced Namibian traders in accurately calculating their gains and losses.

Account FeatureValue
💰 Minimum Deposit1,200 NAD or an equivalent to $5
📊 Average spreadFixed, from 3 pips
💵 CommissionNone
📈 LeverageUp to 1:3000
📊 Maximum opening positions200
💰 Order volumeBetween 0.01 to 500 lots
💸 Market ExecutionFrom 0.3 seconds, STP
📱 Trading PlatformMetaTrader 4, FBS Trader
💻 Tradable InstrumentsForex and precious metals
☪️ Swap-Free Islamic OptionYes

 

FBS Standard Account

FBS Review Standard Account Namibia

 

👉 This account type is ideal for traders who prefer a more conventional approach to forex trading and will provide them with all they want. The Standard account is distinguished by its competitive spreads and the absence of commission-based trading.

Account FeatureValue
💰 Minimum Deposit1,600 NAD or an equivalent to $100
📊 Average spreadFloating, from 0.5 pip
💵 CommissionNone
📈 LeverageUp to 1:3000
📊 Maximum opening positions200
💰 Order volumeBetween 0.01 to 500 lots
💸 Market ExecutionFrom 0.3 seconds, STP
📱 Trading PlatformMetaTrader 4, MetaTrader 5, FBS Trader
💻 Tradable InstrumentsForex, precious metals, indices, energies, forex exotics, stocks
☪️ Swap-Free Islamic OptionYes

 

FBS Zero Account

FBS Review Zero Account Namibia

 

👉 The most remarkable feature of this account type is that it has a 0-pip spread, which is very low. It is possible to attain higher profit margins and more accurate profit estimations with the use of this strategy. While there will be no spread with this account type, there will be fees charged on the transactions.

Account FeatureValue
💰 Minimum Deposit8,000 NAD or an equivalent to $500
📊 Average spreadFixed, 0 pips
💵 CommissionFrom $20 per lot
📈 LeverageUp to 1:3000
📊 Maximum opening positions200
💰 Order volumeBetween 0.01 to 500 lots
💸 Market ExecutionFrom 0.3 seconds, STP
📱 Trading PlatformMetaTrader 4, FBS Trader
💻 Tradable InstrumentsForex, precious metals, Forex Exotics
☪️ Swap-Free Islamic OptionYes

 

FBS ECN Account

FBS Review ECN Account Namibia

 

👉 An Electronic Communications Network (ECN) Account is an account type that is available to professional traders who are seeking the best conditions. This account type removes the need for any intermediaries, allowing deals to be completed quickly and transparently for both buyers and sellers.

Account FeatureValue
💰 Minimum Deposit16,200 NAD or an equivalent to $1,000
📊 Average spreadFloating from -1 pip
💵 Commission$6
📈 LeverageUp to 1:500
📊 Maximum opening positionsNone
💰 Order volumeBetween 0.01 to 500 lots
💸 Market ExecutionECN
📱 Trading PlatformMetaTrader 4, FBS Trader
💻 Tradable Instruments25 forex currency pairs
☪️ Swap-Free Islamic OptionNo

 

FBS Crypto Account

FBS Review Crypto Account Namibia

 

👉 Those who trade cryptocurrency will find this account to be an excellent fit for their requirements. A selection of cryptocurrency currencies, cryptocurrency to fiat, cryptocurrency to cryptocurrency, and cryptocurrency to precious metals are all available for exchange with the FBS Crypto Account.

Account FeatureValue
💰 Minimum Deposit16 Namibian dollars or an equivalent to $1
📊 Average spreadFloating from 1 pip
💵 Commission0.05% for opening and 0.05% for closing positions
📈 Leverage1:5
📊 Maximum opening positions200
💰 Order volumeBetween 0.01 to 500 lots
💸 Market ExecutionFrom 0.3 seconds, STP
📱 Trading PlatformMetaTrader 5
💻 Tradable InstrumentsCryptocurrencies
☪️ Swap-Free Islamic OptionNo

 

FBS Base Account Currencies

👉 Most national currencies can be used when making deposits to trading accounts; these currencies are afterwards translated into the US Dollar and the Euro.

 

👉 Since FBS does not accept accounts that are denominated in NAD, Namibians will be required to pay conversion costs whenever they make a deposit or withdraw money from their accounts. Trading might become costly due to conversion expenses, which can also have an impact on profitability.

 

FBS Demo Account

FBS Review Demo Account

 

👉 A demo account is a practice account that offers traders a certain amount of virtual funds that they can use, allowing them to enter the live market without risking their capital. 

 

👉 There is a certain degree of risk involved when trading financial markets and FBS offers its clients a risk-free platform where they can test strategies, practice trading, and explore what the broker offers in a safe trading environment with real market conditions.

 

👉 FBS provides free demo accounts that enable traders to practise with virtual money while utilizing real-time market data to try out their Forex strategy. Using a trial account to learn how to trade is an excellent method to get started.

 

👉 The FBS demo account expires after 40 days, at which time it is automatically erased from the system. When this occurs, Namibian clients have the option of creating a new one.

 

FBS Islamic Account

FBS Review Islamic Account Namibia

 

👉 Depending on the trading style and the trading strategy of the forex trader, they may keep their trading positions open for longer than 24 hours on a trading day.

 

👉 This means that the trader could incur an overnight or rollover fee. This is a type of interest that is prohibited by Riba principles of Sharia law, which means that Muslim traders are often restricted in forex trading.

 

👉 With FBS Muslim traders can register a live account and convert it to that of an Islamic account on the following account types:

➡️ FBS Cent Account

➡️ FBS Micro Account

➡️ FBS Standard Account

➡️ FBS Zero Account

How to open an Account with FBS

👉 To register an account with FBS, Namibian traders can follow these steps:

➡️ Fill in all your personal information, such as your name, email address, phone number, and so on.

➡️ You will get a confirmation link to your email address, which you must click on to complete the procedure.

➡️ You easily register a live account once you have been granted access to your online account administration.

➡️ Select the account type you want to register and the currency that will serve as your base currency.

➡️ Next, you can use the online questionnaire to describe your trading experience and expectations.

➡️ Upload documentation proving your address, identification, and so forth (As per regulatory requirements).

➡️ After clicking “Submit” it may take a few hours or working days for the account to be approved.

➡️ Once the account has been approved, you can make the minimum deposit and start trading.

FBS Vs FXTM Vs Trade Nation – Broker Comparison

FBSFXTMTrade Nation
⚖️ RegulationIFSC, CySECCySEC, FSCA, FCA, FSC MauritiusFCA, ASIC, FSCA, SCB
📱 Trading Platform• MetaTrader 4
• MetaTrader 5
• FBS Trader
• CopyTrade
• MetaTrader 4
• MetaTrader 5
• FXTM Trader
• MetaTrader 4
• Trade Nation
💰 Withdrawal FeeYes,YesNo
📊 Demo AccountYesYesYes
📈 Minimum Deposit16 NAD300 NAD0 NAD
📈 LeverageUp to 1:30001:2000• 1:30
• 1:200
📊 SpreadFrom 0.0 pips

0.0 pipsFixed, from 0.4 pips
💰 CommissionsFrom $6From $0.4None
✴️ Margin Call/Stop-Out40%/ 20%• 60%/40%
• 80%/50%
50%
✴️ Order ExecutionMarketInstantMarket, Market
💳 No-Deposit BonusYesNoNo
📊 Cent AccountsYesNoNo
📈 Account Types• FBS Cent Account
• FBS Micro Account
• FBS Standard Account
• FBS Zero Account
• FBS ECN Account
• FBS Crypto Account
• Micro Account
• Advantage Account
• Advantage Plus Account
• High leverage
• Low Leverage
⚖️ BoN RegulationNoNoNo
💳 NAD DepositsYesYesNo
📊 Namibian Dollar AccountNoYesNo
👥 Customer Service Hours24/724/524/5
📊 Retail Investor Accounts632
☪️ Islamic AccountYesYesNo
FBS review

Overall Rating

Min Deposit

USD 1 / 16 Namibian dollars 

Regulators

IFSC, FSCA (South africa), ASIC, CySEC

Trading Desk

MetaTrader 4, MetaTrader 5, FBS Trader – all in one mobile trading platform.

Crypto

Yes

Total Pairs

Islamic Account

No

Trading Fees

Low

Welcome Bonus

$100 (1,600 NADFind out More)

Account Activation Time

24 Hours

FBS Trading Platforms

FBS Review Trading Platforms Namibia

👉 FBS offers Namibian traders a choice between these trading platforms:

➡️ MetaTrader 4

➡️ MetaTrader 5

➡️ FBS Trader

 

Desktop Platforms

FBS Review Desktop Platforms Namibia

➡️ MetaTrader 4

➡️ MetaTrader 5

 

👉 Namibian FBS traders can choose between the desktop versions of MetaTrader 4 and 5 to carry out their trading activities. This pair of trading platforms are the creations of MetaQuotes Software Corporation, which is an organization that specializes in the design and development of trading software.

 

👉 The two platforms are remarkably similar in terms of appearance and share many of the same functionality. The only distinction is that MT5, being a newer version, has additional functionality and has even enhanced some of the capabilities that were previously included in the MT4.

 

👉 Both platforms are accessible as desktop programs for computers running Windows and Mac OS X operating systems.

 

WebTrader Platforms

FBS Review WebTrader Platforms Namibia

➡️ MetaTrader 4

➡️ MetaTrader 5

 

👉 Web Trading with MetaTrader 4 and 5 is very convenient since it does not need you to download or install any software; instead, you just log on online using a browser and you can begin trading immediately.

 

👉 However, Web traders often provide fewer tools and the ability to alter settings, making them a simpler version of the platform.

 

👉 A browser and an internet connection are all that is necessary to trade on the MetaTrader online platform, which eliminates the need for any extra applications. The platform enables users to trade immediately from any browser and operating system, regardless of their location.

 

👉 The following are some of the most important characteristics:

➡️ Trading with a single click. Trading orders can be entered with a single click utilizing predefined criteria, which makes this function very convenient for traders.

➡️ Trading directly from charts. When using MT4 or 5 Namibian traders can see that the order entry buttons are neatly situated inside the chart.

➡️ Watchlists. This gives traders the unique ability to monitor the real-time prices of their preferred instruments and helps traders to keep on top of the market.

➡️ Trade History. You can easily retrieve the transactions that you have recently completed.

➡️ Comprehensive charting capabilities. There are 31 indicators for technical analysis available on the MT5 online platform, which provides powerful charting tools.

➡️ An extensive selection of order types. Market orders, limit orders, stop-loss orders, and stop-limit orders are examples of these types of orders. Conditions such as GTC (Good ‘til Cancelled) and other time-in-force conditions are available.

 

Trading App

FBS Review Trading Platforms Namibia

➡️ MetaTrader 4

➡️ MetaTrader 5

➡️ FBS Trader

 

MetaTrader 4 and 5

👉 FBS supports MT4 and MT5 mobile trading applications for Android and iOS. Traders should be aware that there is a loss of functionality compared to desktop trading platforms, such as fewer time frames and charting choices, but they can still cancel and alter existing orders, compute profit and loss, and trade on the charts.

 

FBS Trader

👉 This is the FBS mobile trading platform for mobile trading. The software is compatible with iOS and Android smartphones and can be downloaded from each platform’s app store. It features a straightforward UI and is easy to use.

 

👉 It interacts with MetaTrader platforms and may be used to fund and withdraw from trading accounts, which is very useful. In addition to several features and benefits, the FBS Trader app also provides access to live quotations, charts, and data.

 

FBS Range of Markets

FBS Review Range of Markets Namibia

👉 Namibian traders can expect the following range of markets from FBS:

➡️ Forex

➡️ Precious Metals

➡️ Indices

➡️ Energies

➡️ Stocks

➡️ Exotic Forex

➡️ Cryptocurrencies

Broker Comparison for Range of Markets

FBSFXTMTrade Nation
➡️️​ ForexYesYesYes
➡️️​ Precious MetalsYesYesYes
➡️️​ ETFsNoNoNo
➡️️​ CFDsYesYesYes
➡️️​ IndicesYesYesYes
➡️️​ StocksYesYesYes
➡️️​ CryptocurrencyYesNoNo
➡️️​ OptionsNoNoNo
➡️️​ EnergiesYesYesYes
➡️️​ BondsNoNoNo

FBS Trading and Non-Trading Fees

Spreads

FBS Review Spreads Namibia

 

👉 FBS traders could expect a broad variety of spreads depending on the financial instrument traded, the account type utilized, and the market conditions (in the case of variable spreads). FBS provides traders with the following spreads, all of which are lower than the industry average:

➡️ FBS Cent Account – Variable, from 1 pip

➡️ FBS Micro Account – Fixed, from 3 pips

➡️ FBS Standard Account – Variable, from 0.5 pips

➡️ FBS Zero Account – Fixed, 0 pips

➡️ FBS ECN Account – Floating, -1 pips

➡️ FBS Crypto Account – Floating, from 1 pip

 

Commissions

FBS Review Commissions Namibia

 

👉 The following FBS retail investor accounts are subject to commissions:

➡️ FBS Zero Account – from $20 per lot

➡️ FBS ECN Account – $6

➡️ FBS Crypto Account – 0.05% for opening as well as 0.05% for closing positions

 

Overnight Fees, Rollovers, or Swaps

FBS Review Overnight Fees Namibia

 

👉 FBS traders could expect a broad variety of spreads depending on the financial instrument traded, the account type utilized, and the market conditions (in the case of variable spreads). FBS provides traders with the following spreads, all of which are lower than the industry average:

➡️ EUR/USD – a long swap of -6.37 and a short swap of -0.69

➡️ XAG/USD – a long swap of -1.77 and a short swap of -1.24

➡️ XAU/USD – a long swap of -2.12 and a short swap of -1.35

➡️ US100 – a long swap of -85.91 and a short swap of -117.2

➡️ XBR/USD – a long swap of -7.74 and a short swap of -6.28

➡️ AAPL – a long swap of -2.58 and a short swap of -2.42

 

Deposit and Withdrawal Fees

👉 FBS charges deposit and withdrawal fees on different payment providers that are available for funding a trading account and withdrawing funds. When traders use Sticpay to fund a trading account, they are subject to a rate of 2.5% plus an additional 0.3 USD commission.

 

👉 FBS charges the following withdrawal fees:

➡️ Credit Card – $1 commission

➡️ Debit Card – $1 commission

➡️ Neteller – 2% with a minimum of $1 and a maximum of $30

➡️ Sticpay – 2.5% + $0.3 commission

➡️ Skrill – 1% + $0.32 commission

➡️ Perfect Money – 0.50% commission

 

Inactivity Fees

👉 If a live trading account goes dormant after 180 days, a $5 fee will apply to the account. In addition, when Namibians deposit or withdraw funds in NAD, they can expect a currency conversion fee.

 

Currency Conversion Fees

👉 FBS only supports two base currencies that can be used when registering a live trading account. Thus, when Namibian traders deposit or withdraw in NAD, their funds will be converted to USD or EUR, depending on which currency they set as their account’s base currency. This could lead to currency conversion fees for Namibian traders.

FBS review

Overall Rating

Min Deposit

USD 1 / 16 Namibian dollars 

Regulators

IFSC, FSCA (South africa), ASIC, CySEC

Trading Desk

MetaTrader 4, MetaTrader 5, FBS Trader – all in one mobile trading platform.

Crypto

Yes

Total Pairs

Islamic Account

No

Trading Fees

Low

Welcome Bonus

$100 (1,600 NADFind out More)

Account Activation Time

24 Hours

FBS Deposits and Withdrawals

FBS Review Deposits And Withdrawals Namibia

 

👉 FBS offers the following deposit and withdrawal methods:

➡️ Credit Card

➡️ Debit Card

➡️ Neteller

➡️ Sticpay

➡️ Skrill

➡️ Perfect Money

➡️ Local Exchanges

 

How to Deposit Funds with FBS

FBS Review How To Deposit Funds Namibia

 

👉 To deposit funds to an account with FBS, Namibian traders can follow these steps:

➡️ Traders can select “Deposit” from the Finances tab in the Personal Area.

➡️ Select a payment method, online or offline, and click on “Deposit”

➡️ Select the trading account and enter the deposit amount.

➡️ Confirm the deposit details on the following page.

 

FBS Fund Withdrawal Process

FBS Review How To Withdraw Funds Namibia

 

👉 To withdraw funds from an account with FBS, Namibian traders can follow these steps:

➡️ The “Withdrawal” option is found in the Finances section.

➡️ Choose the preferred withdrawal method.

➡️ To withdraw money, choose a trading account from which the cash will be taken.

➡️ Traders must ensure that their withdrawal request is complete.

➡️ Determine how much money must be withdrawn and indicated it in the required field.

➡️ Confirm and submit the withdrawal request.

 

👉 Traders must first check that their account has been authenticated before requesting a withdrawal from the platform. Upon receipt by FBS, requests are dealt with in the order in which they are received. After withdrawal requests have been approved by the company’s management, funds will be released by the FBS staff members.

 

👉 It takes up to 10 days for a bank wire to clear, but other payment methods are rapid or take up to 4 days, which is something traders must take into consideration.

FBS Education and Research

FBS Review Education And Research Namibia

 

Education

👉 FBS offers the following Educational Materials:

➡️ Forex Guidebook

➡️ Tips for Traders

➡️ Webinars

➡️ Educational Video Lessons

➡️ Seminars

➡️ Glossary

➡️ FAQ

 

👉 FBS offers Namibian traders the following Research and Trading Tools:

➡️ Forex News Feed

➡️ Daily Market Analysis

➡️ Forex TV

➡️ VIP Analytics

➡️ Economic Calendar

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FBS Bonuses and Promotions

FBS Review Bonuses And Promotions Namibia

 

👉 FBS offers Namibian traders the following bonuses and promotions:

➡️ FBS Traders Parties

➡️ Get a Car from FBS

➡️ Level-up Bonus

➡️ 100% Deposit Bonus

➡️ Cashback

➡️ Cashback

➡️ Quick Start Bonus

➡️ Referral Program

➡️ Risk-free investments

➡️ Loyalty Program

➡️ Trade to Help

➡️ FBS Winning Season

➡️ FBS Leaders’ Summit

➡️ FBS League

➡️ FBS Gift Season

How to open an Affiliate Account with FBS

FBS Review Affiliate Program Namibia

 

👉 To register an Affiliate Account, Namibians can follow these steps:

➡️ Prospective affiliates can visit the official FBS website and click on “Partnership” from the main menu on the homepage.

➡️ A dropdown menu will appear, and prospective affiliates can click on “Affiliate Program” under “General Info.”

➡️ Next, Namibians can click on the green “Register a Partner Account” banner.

➡️ A new page will load with the partner registration form. Here, prospective affiliates can enter a valid email address and their full name before selecting the orange “Register as Partner” banner. Namibians can also register using their Goole and Facebook credentials, or their Apple ID.

➡️ Next, prospective affiliates can connect to FBS using their valid email and they will automatically be logged into the trader’s cabinet where they can select “Partner Area” from the top menu.

➡️ From here, Affiliates will see their partner account number, balance, their Partner ID, and their overall progress.

➡️ This section also provides affiliates with a range of advertisement materials, referral links, comprehensive reports, and rebates.

 

FBS Affiliate Program Features

👉 FBS offers a comprehensive partnership program that may be able to assist partners in earning more money. Commissions for EUR/USD transactions are $15 per lot, and FBS ensures that commission payments are made on a timely basis.

 

👉 In addition, affiliates that participate in the program will have access to a dedicated affiliate manager as well as 24-hour customer service and support. In addition, the FBS Partnership Program provides the following features and incentives to participants:

➡️ It enables business partners to expand their businesses and build wealth over the long term.

➡️ It allows partners to generate money without having to take any risks of their own.

➡️ In addition, partners may be eligible to receive commissions of up to $80 for each lot traded by a client of theirs.

➡️ When a partner is more active in acquiring new consumers, they have a greater chance of earning money.

➡️ A broad variety of promotional products are available for use.

➡️ When a partnership agreement is signed, it is possible to send promotional materials to partners that could be utilized offline.

 

FBS Customer Support

👉 FBS is well-known for its helpful, friendly 24/7 customer support that can be contacted in several ways online, or telephonically.

 

FBS Corporate Social Responsibility

FBS Review Social Responsibility Namibia

 

👉 The most essential thing for FBS is that the people who utilize their trading services can profit from the opportunities for financial independence that the company gives. Additionally, FBS, in collaboration with charity traders, strives to assist people in need all around the world.

 

👉 Namibian traders can enter a monthly social media contest called Wishes Come True, in which they can share their most cherished wishes with FBS, and the broker will work to make those dreams come true for them.

 

👉 Every year that the contest is organized, the FBS team can see how many people’s lives are transformed because of the random acts of kindness that are a part of it.

 

👉 Every year, a charity trade promotion is organized, and FBS collaborates with a variety of local and international organizations. When a trader deposits money, the amount is increased by 300%, and any commissions made by that trader are donated to a charitable organization. This demonstrates a collaborative effort to make the world a better place.

Verdict on FBS

👉 Overall, FBS has a greater number of account choices than most other brokers, and the diverse selection makes it suited for both novices and experienced traders. The minimum deposit requirements are also accepted across the board for many account types, and the continuing trading expenses are lower than the industry average.

 

👉 To accommodate traders of various skill levels and trading styles, FBS has constructed a well-established online trading brokerage that has been in operation for many years.

 

👉 It is a regulated brand that has put in place all the required security measures that are common in the online brokerage business. Live trading on the given platforms might begin with as low as 16 NAD or an equivalent to $1, depending on the platform.

 

👉 The average spreads are low, beginning at 0 pips, and thanks to ECN technology, your trades are processed in seconds with little slippage, saving you money.

FBS Current Popularity Trends

👉 According to Google Trends, FBS has had an increase in search on Google in Namibia in the past month. 

 

FBS Review Google Trend Namibia

FBS review

Overall Rating

Min Deposit

USD 1 / 16 Namibian dollars 

Regulators

IFSC, FSCA (South africa), ASIC, CySEC

Trading Desk

MetaTrader 4, MetaTrader 5, FBS Trader – all in one mobile trading platform.

Crypto

Yes

Total Pairs

Islamic Account

No

Trading Fees

Low

Welcome Bonus

$100 (1,600 NADFind out More)

Account Activation Time

24 Hours

FBS Pros and Cons

✔️ Pros❌ Cons
There is an ultra-low minimum deposit when Namibians register a trading accountFBS does not have Tier-1 regulations
There is a range of tradable financial instruments which are spread across asset classesThere are inactivity fees that apply to dormant accounts
Namibian traders have a choice between versatile and powerful trading platformsThere could be currency conversion fees applied to NAD deposits
There is a selection of instant deposit methods offeredThere is no dedicated NAD-denominated account
Namibian traders can expect competitive trading conditions and comprehensive copy trading solutionsThere are both deposit and withdrawal fees charged on payment methods
There are demo accounts offered and once an account expires, traders can register a new demo account
There are swap-free options provided to Muslim traders
There is a helpful and prompt customer support team available

Frequently Asked Questions

 

What is the withdrawal time with FBS?

All withdrawals are processed by FBS immediately as the financial department works 24/7. Deposits and withdrawals using an electronic payment system might take up to 48 hours to be processed. Processing time for bank wire transfers might range from one day up to seven business days.

 

What type of broker is FBS?

FBS is a global forex broker offering minimal minimum deposits and a range of trading accounts that are compatible with both MT4 and MT5, as well as the FBS Trader mobile app. This broker has cheap spreads and is suitable for both newbie and experienced traders.

 

Is FBS regulated?

Yes, FBS is well-regulated by the IFSC in Belize, CySEC in Cyprus, the ASIC in Australia, and FSCA in South Africa.

 

Is FBS good for beginners?

Yes, FBS is good for beginners in terms of the cent trading account provider in addition to a plethora of trading materials that beginners can use.

 

Does FBS have Nasdaq?

Yes, Contracts for difference (CFDs) are available for trading on the NASDAQ.

 

Is FBS safe or a scam?

FBS can be described as a trustworthy and reputable broker that charges affordable trading costs.

 

Does FBS have Volatility 75?

No, FBS does not currently offer Volatility 75 (VIX) but offers popular indices such as AU200, DE30, UK100, US100, US30, and several more.

 

What is the minimum withdrawal with FBS?

Bank wire withdrawals have a $50 minimum withdrawal amount. All other payment methods have a minimum withdrawal of $1.

 

Does FBS require proof of residence?

FBS does adhere to stringent Know Your Customer (KYC) guidelines. These safeguards are designed to keep both you and the business safe against identity theft and the facilitation of fraud and money laundering.

 

For the sake of compliance, FBS requests that all customers present identification and address documentation, as well as have their bank cards authenticated.

Conclusion

👉 Now it is your turn to participate:

➡️ Do you have any prior experience with FBS?

➡️ What was the determining factor in your decision to engage with FBS?

➡️ Was it because of the minimum deposit, regulation, retail trading accounts, or any other factors?

➡️ Have you experienced any issues with FBS such as difficulty withdrawing funds, inability to verify regulations, irresponsive customer support, etc.?

 

👉 Regardless, please share your thoughts in the comments below.

 

Addendum/Disclosure:

👉 No matter how diligently we strive to maintain accuracy, the forex market is a volatile environment that may change at any time, even if the information supplied is correct at the time of going live.

9.1/10 - (17 votes)