Overall, FBS can be summarized as a trustworthy and regulated Forex Broker with competitive trading fees. FBS offers an easy-to-use social copy trading platform with excellent customer support. FBS has a trust score of 75 out of 99.
| 🔑Order Execution | 4/5 |
| 💰Commissions and Fees | 5/5 |
| 📈Range of Markets | 4/5 |
| 📊Variety of Markets | 4/5 |
| ⏰Withdrawal Speed | 4/5 |
| 🤝Customer Support | 4/5 |
| 📉Trading Platform | 5/5 |
| 🎓Education | 4/5 |
| 📝Research | 4/5 |
| 🚨Regulation | 3/4 |
| 📱Mobile Trading | 4/5 |
| 💯Trust Score | 75% |
FBS Review – Analysis of Broker’s Main Features
- ☑️ FBS Overview
- ☑️ FBS Detailed Summary
- ☑️ FBS Advantages Over Competitors
- ☑️ Who will Benefit from Trading with FBS?
- ☑️ FBS Safety and Security
- ☑️ FBS Affiliate Program Features
- ☑️ FBS Minimum Deposit
- ☑️ FBS Account Types and Features
- ☑️ FBS Base Account Currencies and Basic Order Types
- ☑️ How to Open and Close an FBS Account
- ☑️ FBS Trading Platforms
- ☑️ Which Markets Can You Trade with FBS?
- ☑️ FBS Fees, Spreads, and Commissions
- ☑️ FBS Deposits and Withdrawals
- ☑️ FBS Education and Research
- ☑️ FBS Customer Support
- ☑️ FBS VPS Review
- ☑️ FBS Cashback Rebates Features and Conditions
- ☑️ FBS Web Traffic Report
- ☑️ FBS Geographic Reach and Limitations
- ☑️ Best Countries by Traders
- ☑️ FBS vs XBTFX vs FXTM – A Comparison
- ☑️ FBS Alternatives
- ☑️ FBS Awards and Recognition
- ☑️ Our Experience with FBS
- ☑️ Recommendations according to our in-depth review of FBS
- ☑️ FBS Customer Reviews
- ☑️ Pros and Cons of Trading with FBS
- ☑️ In Conclusion
- ☑️ Frequently Asked Questions
FBS Overview
FBS offers itself as an appealing broker for Malaysian traders by aligning global trading standards with local market characteristics.
It recognizes Malaysia’s diversified economy and broad investor base, providing a single retail account that compromises competitiveness and accessibility.
This customization recognizes Malaysia’s distinct financial environment, with FBS’s competitive spreads and high leverage choices up to 1:3000 catering to the aspirations of local traders.
The offering of Islamic accounts corresponds to the country’s religious demography, enabling Shariah-compliant trading alternatives.
FBS distinguishes itself in the Malaysian market by removing commission fees, which greatly reduces trading expenses, a factor that appeals to a cost-conscious market.
Furthermore, FBS’s absence of a local headquarters is offset by its extensive online assistance and training tools, which ensure Malaysian traders are well-prepared to handle the financial markets.
The broker’s extensive asset offerings, including Forex and cryptocurrencies, allow Malaysians to diversify their portfolios across various products.
Furthermore, the accessibility of opening trades with a low deposit requirement attracts both experienced and inexperienced Malaysian traders to the platform, making FBS a standout broker for anyone wishing to connect with global markets from Malaysia.
FBS Detailed Summary
| 🔑Broker | 🥇FBS |
| 🏠Headquartered | Belize |
| 🌎Global Offices | Malaysia, Laos, South Africa, Thailand, Brazil, Turkey |
| 📍Local Market Regulators in Malaysia | Securities Commission of Malaysia (SCM) |
| 🗺️Foreign Direct Investment in Malaysia | 15.11 billion USD (2022) |
| 💱Foreign Exchange Reserves in Malaysia | 103.4 billion USD (July 2023) |
| 📌Local office in Kuala Lumpur | None |
| 👤Governor of SEC in Malaysia | Shaik Abdul Rasheed Abdul Ghaffour is the Governor of the Central Bank of Malaysia |
| 👍Accepts Malaysia Traders | ✅Yes |
| 🎉Year Founded | 2009 |
| ☎️Malaysia Office Contact Number | None |
| 💻Social Media Platforms | Facebook X Telegram YouTube |
| 🚨Regulation | IFSC, CySEC, ASIC, FSCA |
| 🥇Tier-1 Licenses | Australian Securities and Exchange Commission (ASIC) |
| 🥈Tier-2 Licenses | Cyprus Securities and Exchange Commission (CySEC) Financial Sector Conduct Authority (FSCA) |
| 🥉Tier-3 Licenses | International Financial Service Commission (IFSC) in Belize |
| 🔢License Number | Belize - 000102/198 Cyprus (Tradestone) – 331/17 Australia (IFM) – 426359 South Africa (Trade Stone SA) – FSP 50885 |
| 🖋️SCM Regulation | None |
| ⚠️Regional Restrictions | Japan, United States, Canada, United Kingdom, Myanmar, Brazil, Israel, the Islamic Republic of Iran |
| ☪️Islamic Account | ✅Yes |
| 🆓Demo Account | ✅Yes |
| 🔎Non-expiring Demo | None |
| ⏰Demo Duration | 45 days |
| 💍Retail Investor Accounts | 1 |
| 📈PAMM Accounts | None |
| 💧Liquidity Providers | Currenex |
| 👥Affiliate Program | ✅Yes |
| 📝Order Execution | Market |
| 🗂️OCO Orders | None |
| ▶️One-Click Trading | ✅Yes |
| 💹Scalping | ✅Yes |
| 🧱Hedging | ✅Yes |
| 🎓Expert Advisors | ✅Yes |
| 🗞️News Trading | ✅Yes |
| 🔍Trading API | ✅Yes |
| 📉Starting spread | 0.7 pips |
| 💰Minimum Commission per Trade | None; only the spread is charged |
| 💴Decimal Pricing | 5th decimal pricing after the comma |
| 📊Margin Call | 30% |
| ⛔Stop-Out | 10% |
| ⬇️Minimum Trade Size | 0.01 lots |
| ⬆️Maximum Trade Size | 500 lots |
| 🪙Crypto trading offered | ✅Yes |
| ✔️Offers an MYR Account | None |
| 👤Dedicated Malaysia Account Manager | None |
| 📈Maximum Leverage | 1:3000 |
| 🚩Leverage Restrictions for Malaysia | None |
| 💳Minimum Deposit (MYR) | 24 MYR ($5) |
| 💵Deposit Currencies | USD, ETH, THB, EUR, LTC, BCH, USDC |
| 💶MYR Deposits Allowed | None |
| 💷Account Base Currency | USD, EUR |
| 📊Active Malaysia Trader Stats | 4 million+ |
| 🖋️Active Malaysian-based FBS customers | Unknown |
| Malaysia Daily Forex Turnover | 15 billion USD (Average for August 2023) |
| ↪️Deposit and Withdrawal Options | Maybank CIMB Bank Berhad Credit/Debit Card DuitNow QR Hong Leong Bank AmBank Group Public Bank RHB Bank Simpanan National Bank Islam Malaysia Touch ‘n Go Neteller FPX Affin Bank Berhad Bank (Withdrawals only) Sticpay (Withdrawals only) Skrill (Withdrawals only) Alliance Bank (Withdrawals only) CIMB (Withdrawals only) Fasapay (Withdrawals only) Perfect Money (Withdrawals only) |
| ⏱️Minimum Withdrawal Time | 15 minutes |
| ⏲️Maximum Estimated Withdrawal Time | 7 working days |
| 💳Instant Deposits and Instant Withdrawals | ✅Yes, deposits |
| 🏦Segregated Accounts with Malaysian Banks | None |
| 📉Trading Platforms | MetaTrader 4 MetaTrader 5 FBS Trader App |
| ⌚Trading Platform Time | UTC +3 |
| 👁️Observe DST Change | ✅Yes |
| 🌐DST Change Time zone | Eastern European Time (EET) |
| 💎Tradable Assets | Forex Precious Metals Indices Energies Stocks Cryptocurrencies |
| 💸Offers USD/MYR currency pair | None |
| 📉USD/MYR Average Spread | None |
| 💹Offers Malaysian Stocks and CFDs | None |
| Languages supported on the Website | English, German, Spanish, French, Italian, Portuguese, Thai, Malay, Vietnamese, Turkish, Korean, and others |
| 🌎Customer Support Languages | Multilingual |
| 🤝Copy Trading Support | None, discontinued on 22 September |
| ⏰Customer Service Hours | 24/7 |
| 🏠Malaysian-based customer support | None |
| 💰Bonuses and Promotions for Malaysia Traders | None |
| 🎓Education for Malaysian beginners | ✅Yes |
| 🖥️Proprietary trading software | ✅Yes, App |
| 🏆Most Successful Trader in Malaysia | Rayn Lim (Net Worth is private) |
| 🔒Is FBS a safe broker for Malaysian Traders | ✅Yes |
| 🎖️Rating for FBS Malaysia | 9/10 |
| 💯Trust score for FBS Malaysia | 75% |
FBS Advantages Over Competitors
FBS has the following advantages over competitors:
- ✅FBS’s affiliate program is designed to provide daily rewards, creating an appealing earning possibility for Malaysian partners via referrals.
- ✅A wide variety of markets are offered, including Forex, precious metals, indices, energy, stocks, and cryptocurrencies, to meet the diversified investment needs of Malaysian traders.
- ✅The broker’s EUR/USD spread may be as low as 0.7 pips, making it an affordable option for Malaysian traders looking for narrow spreads.
- ✅Malaysian traders benefit from a strong regulatory environment since many international authorities regulate FBS, including IFSC, CySEC, ASIC, and FSCA.
- ✅FBS’s Partner Cashback program is especially enticing to Malaysian traders since it offers rebates based on trading activity, which may boost profitability or cover trading expenses.
- ✅Malaysian traders may effectively participate in the markets thanks to FBS’s powerful trading tools and personalized trading experience on platforms such as MetaTrader 4 and MetaTrader 5.
- ✅FBS‘s dedication to education is obvious in its webinars, video tutorials, and seminars, which help Malaysian traders expand their expertise.
- ✅FBS’s VPS services are critical for Malaysian traders looking for faster execution times and more dependability, especially in automated trading settings.
- ✅FBS’s customer care is bilingual, guaranteeing that Malaysian traders may get help in a language they understand.
- ✅FBS offers a unique retail trading account developed particularly for Malaysian traders, combining competitive trading conditions and user-friendly features.
- ✅Malaysian traders may use FBS’s high leverage options, which go up to 1:3000, allowing for massive amplification of trading positions.
- ✅FBS guarantees that Malaysian traders’ trading expenses are minimal by not charging commission fees on transactions, increasing total profitability.
- ✅The availability of a Swap-Free Islamic account enables FBS to meet the demands of Malaysia’s Muslim trading community while adhering to Islamic financial rules.
and many more!
Who will Benefit from Trading with FBS?
- ✅Fee-sensitive traders will like FBS’s no-commission policy, which lets them trade with narrow spreads without worrying about extra charges cutting into their gains.
- ✅FBS’s user-friendly website, minimal minimum deposit requirement, and instructional tools make it an ideal alternative for newcomers. The broker provides a helpful learning environment and access to instructional resources, which are essential for people new to trading.
- ✅The FBS Cashback Rebate program encourages active traders by rewarding them with rebates, thus increasing their profitability. This is especially beneficial for traders who make frequent deals.
- ✅Individuals looking to capitalize on their network will profit from FBS’s affiliate program. The prospect of daily dividends might be an appealing passive income source.
- ✅Advanced traders who use Expert Advisors (EAs) or automated trading systems will find FBS’s VPS services helpful in assuring consistent and rapid execution.
- ✅With the provision of Shariah-compliant Islamic accounts, Muslim traders who want to follow Islamic financial principles will find FBS flexible and respectful of their religious beliefs.
- ✅FBS’s high leverage options, which stretch up to 1:3000, are a key lure for experienced traders aiming to maximize possible transaction rewards, provided they realize the related dangers.
What makes FBS’s trading platforms superior to competitors?
FBS provides MetaTrader 4 and MetaTrader 5, known for their user-friendly interfaces and robust automated trading capabilities.
What unique trading instruments does FBS offer that competitors might not?
FBS offers various trading products, such as forex, precious metals, indices, commodities, stocks, and cryptocurrencies.
FBS Safety and Security
FBS Regulation in Malaysia
FBS is not currently regulated by the Securities Commission of Malaysia (SCM). However, FBS global regulations are listed in the table below:
FBS Global Regulations
| 🔑Registered Entity | 🌎Country of Registration | 🔢Company Reg. | 🚨Regulatory Entity | 🥇Tier | 🖋️License Number/Ref |
| 1️⃣FBS Markets, Inc. | Belize | N/A | IFSC | 3 | 000102/460 |
| 2️⃣Tradestone Ltd | Cyprus | 353534 | CySEC | 2 | 331/17 |
| 3️⃣Intelligent Financial Markets Pty Ltd | Australia | ABN 48 155 185 014 | ASIC | 1 | 426359 |
| 4️⃣Trade Stone SA (PTY) LTD | South Africa | 2018/514734/07 | FSCA | 2 | FSP 50885 |
FBS Protection of Client Funds
| 🔑Security Measure | ℹ️ Information |
| 🔒Segregated Accounts | ✅Yes |
| 🔏Compensation Fund Member | ✅Yes |
| 🔐Compensation Amount | 20,000 EUR or 90% of the claim |
| 🔓SSL Certificate | ✅Yes |
| 🗝️2FA (Where Applicable) | ✅Yes |
| 🔒Privacy Policy in Place | ✅Yes |
| 🔏Risk Warning Provided | ✅Yes |
| 🔐Negative Balance Protection | ✅Yes |
| 🔓Guaranteed Stop-Loss Orders | None |
Security while Trading
To safeguard Malaysian traders, FBS has implemented several strong safety measures. Client money is kept separate from business funds, ensuring traders’ investments are not exploited for other reasons.
This segregation is critical for asset protection, especially in the unusual case that the broker becomes insolvent. Many international regulatory authorities, including the IFSC, CySEC, ASIC, and FSCA, also oversee FBS, ensuring rigorous financial regulation adherence.
These restrictions foster confidence and provide a safety net for Malaysian investors. Furthermore, FBS uses SSL encryption to protect traders’ data, ensuring confidentiality and integrity throughout online transactions.
The broker also provides negative balance protection, a key feature that protects traders from losing more than their account balance, providing extra financial security. These steps collectively establish a secure trading environment consistent with worldwide best practices.
Pros and Cons of Regulation and Safety of Funds
| ✅Pros | ❎Cons |
| FBS ensures client fund security by segregating funds from its operational capital | FBS is not regulated in Malaysia |
How does FBS ensure the privacy of Malaysian traders’ information?
FBS has a thorough privacy policy to keep traders’ personal and financial information secure.
Does FBS offer negative balance protection for Malaysian traders?
Yes, FBS offers negative balance protection, which prevents Malaysian traders from losing more than their deposit amount.
FBS Affiliate Program Features
Malaysian affiliates who join with FBS may expect a variety of tools geared to improve their affiliate experience and increase their earning potential.
First and foremost, the FBS affiliate program is recognized for its competitive compensation structure, one of its most appealing features. Affiliates receive a significant part of the trading activity of the customers they suggest, and these profits can increase as their referrals become more active traders.
Moreover, FBS presents its affiliates with a comprehensive range of marketing tools and resources. These encompass personalized banners, promotional materials, and an exclusive affiliate hyperlink that facilitates clients’ efficient acquisition and engagement.
The significance of these technologies is particularly evident concerning our Malaysian users, who require multifarious marketing methods necessary for reaching out to large audiences.
Another important aspect is the real-time reporting and analytics system. Affiliates may get extensive data on their referrals’ actions, commission earnings, and other relevant information.
This openness and data availability enable Malaysian affiliates to monitor their performance and make educated strategic choices.
Furthermore, FBS’s focused assistance for affiliates stands out. Malaysian affiliates have access to a skilled and timely support service that may provide help and direction as required.
This assistance is critical in resolving issues or questions, resulting in a seamless and profitable affiliate association with FBS.
How to open an Affiliate Account with FBS
To register an Affiliate Account, Malaysian traders can follow these steps:
- ✅Start by going to the FBS website. Look for the ‘Partnership’ or ‘Affiliate Program’ area, often located at the website’s bottom or main navigation.
- ✅Choose the ‘Open a Partner Account’ option in the Partnership area. This will lead you to the registration page.
- ✅Fill out the affiliate registration form. You must submit personal information such as your name, email address, and phone number.
- ✅Check your email for a verification message from FBS. Click the verification link to activate your affiliate account.
- ✅Once your account has been authorized, access your FBS affiliate dashboard. Complete your profile by entering more information and setting up your payment details.
- ✅FBS offers a variety of promotional products to help you get started. You may find these materials on your affiliate dashboard, which includes banners, links, and other marketing tools.
- ✅Use the offered resources to begin marketing FBS. You can share them on your website, blog, or social networking sites to refer new customers to FBS.
Finally, f you have any problems or inquiries, do not hesitate to contact FBS’s support staff. They can provide advice to help you make the most of your affiliate marketing efforts.
Does FBS provide any marketing tools for Malaysian affiliates?
Yes, FBS offers a variety of marketing options to Malaysian affiliates, including banners and other materials.
How can Malaysian traders track their affiliate performance with FBS?
Malaysian traders can monitor their affiliate’s success using the thorough data and reports provided in the FBS Partner Area.
Can Malaysian traders benefit from multi-level earnings in the FBS affiliate program?
Yes, Malaysian traders may make extra money using the Cascades function, which pays a portion of their sub-affiliate profits in the FBS program.
Can Malaysian traders withdraw their affiliate earnings at any time with FBS?
Yes, Malaysian traders can withdraw their affiliate profits anytime from their FBS Partner account.
FBS Minimum Deposit
| 🔑Live Account | 💴Minimum Dep. |
| 🥇Retail Account | 24 MYR / $5 |
Is the FBS minimum deposit the same for traders in all countries?
Yes, the minimum deposit of $5 is standard. However, it will depend on the currency traders deposit as it could be similar or more. The $5 minimum deposit translates to 24 MYR, depending on the exchange rate between the USD and MYR.
Will I get better trading conditions if I deposit more than the minimum with FBS?
No, depositing more than the minimum does not necessarily affect trading conditions, but it may provide more trading freedom.
FBS Account Types and Features
| 🔑Live Account | 💴Minimum Dep. | 📈Average Spread | 💰Commissions | 💵Average Trading Cost |
| 🥇Retail Account | 24 MYR | 0.7 pips | None | 7 USD |
FBS Retail Account
FBS has designed a retail account type specifically for traders in Malaysia that prioritizes accessibility and flexibility to meet the diverse demands of their trading community.
The account is intentionally simple, making it suitable for novice and experienced market participants by providing easy site navigation.
A noteworthy aspect of this particular account type is its compatibility with automated trading systems, which proves particularly advantageous for those who use Expert Advisors (EAs) as part of their trading strategies since they can conduct transactions more accurately and efficiently using such features.
Furthermore, the retail account accepts a broad range of trading products, allowing Malaysian traders to diversify their portfolios across markets.
This adaptability is critical for risk management and capitalizing on opportunities in Forex, commodities, indices, and other markets.
Introducing a Swap-Free Islamic account option in the retail account structure promotes Muslim traders’ inclusiveness, harmonizing with Malaysia’s considerable Muslim population while adhering to Shariah standards.
| 🔑Account Feature | ℹ️ Value |
| 💴Minimum Deposit | 24 MYR ($5) |
| 📈Average spread | Floating, from 0.7 pips |
| 💰Commission | None; only the spread is charged |
| ⬆️Leverage | Up to 1:3000 |
| 📊Maximum opening positions | 500 |
| 📝Order volume | Between 0.01 to 500 lots |
| 🗂️Market Execution | From 0.1 seconds, STP |
| 📉Trading Platform | FBS Trader MetaTrader 4 MetaTrader 5 |
| 💎Tradable Instruments | Forex Metals Indices Energies Stock CFDs Crypto CFDs |
| ☪️Swap-Free Islamic Option | ✅Yes |
FBS Demo Account
The FBS Demo Account is an essential tool for Malaysian traders since it provides a simulated trading environment where they may practice without financial risk. It is an excellent place for new traders to learn about market circumstances and experienced traders to fine-tune their tactics.
The demo account simulates actual market circumstances, which is critical for obtaining practical experience. Although the trial is only accessible for 45 days, it allows Malaysians enough time to get familiar with FBS’s trading platforms, MetaTrader 4 and MetaTrader 5.
This function is especially useful considering Malaysia’s diverse and dynamic financial industry.
FBS Islamic Account
The FBS Islamic Account is an option designed to satisfy the demands of Malaysia’s Muslim population, allowing practicing Muslims to participate in faith-based trading.
The account guarantees that no swaps or interest costs are incurred on overnight holdings, per Islamic banking norms that forbid earning interest on loans. This account eliminates the issues about obtaining or paying interest, ensuring that trading operations conform with Shariah law.
Traders can activate the Swap Free option on both Cent and Standard accounts, making it more accessible to traders with varying degrees of trading expertise and capital commitment. The method of enabling this option is simple: create an appropriate account in the Personal Area and contact the FBS support staff to complete the setup.
With leverage choices ranging from 1:30 to 1:500 and floating spreads beginning at 1 pip, the Islamic Account allows for a broad selection of trading techniques and instruments available on the popular MetaTrader 4 and MetaTrader 5 platforms. This account type offers trading in over 60 assets, enabling Malaysian traders to diversify their portfolios while adhering to their religious beliefs.
FBS Professional Account
The FBS Professional Account is designed for experienced Malaysian traders who want more from their trading experience. To qualify, traders must meet specific requirements, proving their trading competence and financial strength.
This account increases the benefits for professionals by offering favorable terms such as increased leverage, possibly increasing revenues for individuals with a strong grasp of risk management.
For the Malaysian market, where trading talents vary from beginner to extremely advanced, the Professional Account provides access to a more nuanced trading environment, with the tools and flexibility needed for serious traders devoted to maximizing their market interactions.
Pros and Cons of FBS Account Types and Features
| ✅Pros | ❎Cons |
| There is a low 24 MYR minimum deposit requirement on the retail account | FBS no longer offers flexible account types and only offers a single retail account |
| FBS does not charge commission fees on trades. Instead, only the spread is charged | The retail account has wide spreads despite being commission-free |
| There is an Islamic Account available to Muslim traders | FBS does not offer an MYR-denominated account |
| There is a free demo account available | The demo account is limited |
What is unique about the FBS Islamic account?
The FBS Islamic account complies with Shariah law by not charging swap or rollover interest on overnight holdings.
Can I switch between different account types at FBS?
FBS only offers a single retail account, but Malaysians can switch between demo and live trading.
FBS Base Account Currencies and Basic Order Types
FBS Base Account Currencies
The base account currencies available to Malaysians include the following:
- ✅USD
- ✅EUR
FBS Basic Order Types
- ✅Market Order – A market order can be either a buy or a sell order that executes at the current market price. This is the current price displayed on your price chart. If you place a market order, you will be immediately entered at the best available price.
- ✅Market orders are most effective when a trading opportunity requires prompt action. Click buy/sell at the market to enter the trade immediately.
- ✅Stop Order – A stop order can be either a buy or sell stop, depending on whether you wish to purchase above or below the market.
- ✅This is useful for trading breakouts or trend continuation strategies when you want the market to continue moving in the same direction.
Alternatively, if you believe the price will reverse when it reaches a certain price, you can place a limit order. Limit orders can be either buy or sell limits, depending on the market’s direction before your anticipated reversal.
How to Open and Close an FBS Account
How to Open an FBS Account
To open an account with FBS, Malaysians can follow these steps:
- ✅Begin by visiting the FBS website and selecting the ‘Open account’ option.
- ✅To set up your first account, provide your name, email address, and phone number.
- ✅Verify your email address by clicking the link supplied to you by FBS.
- ✅Complete your profile by giving any extra information or proof needed for identity verification, which is vital for financial compliance.
- ✅Once your information has been validated, choose the trading account that best meets your requirements. FBS provides a variety of account kinds, including cent, standard, and Islamic accounts.
- ✅Choose your preferred trading platform: MetaTrader 4 or MetaTrader 5.
- ✅After creating your account, visit the FBS website and log in to your Area.
- ✅Go to the ‘Finances’ area and pick the ‘Deposit’ option.
- ✅Select your desired deposit method. FBS provides various payment choices, including bank transfers, credit/debit cards, and electronic wallets.
- ✅Enter the amount you want to deposit. Keep in mind the minimum deposit for your chosen account type.
- ✅Confirm the transaction. Most deposit methods are immediate. However, some may take a few minutes to complete.
- ✅Before you start trading, make sure your account is properly validated. This may include presenting evidence of identity and address.
- ✅Once validated, you may track your deposit in your Personal Area’s ‘Transaction History’ area.
- ✅Now that your account has been funded, you may begin trading. If you have not previously done so, download and install the MetaTrader platform.
Lastly, log in with your FBS credentials and start exploring the trading options accessible to you.
How long does it take to open an FBS account?
The account opening procedure with FBS is typically short, frequently taking less than a day, subject to document verification.
Can I open an FBS account on my mobile device?
Yes, you may create an FBS account using their mobile app or mobile website.
How to Close an FBS Account
To close a live trading account with FBS, Malaysian traders can follow these steps:
- ✅Before you begin the closure, make sure any open positions in your FBS account are closed. It is critical to close any open transactions to prevent difficulties during the account closing procedure.
- ✅Log in to your Area on the FBS website.
- ✅Navigate to the ‘Finances’ area and withdraw any leftover amount from your account. Select an appropriate withdrawal option and follow the instructions to complete the transaction.
- ✅After withdrawing your cash, contact FBS customer care to close your account. This may be accomplished by email, live chat, or phone, as specified on the FBS website.
- ✅Provide them with your account information and express your intention to end the account. Prepare to answer any security questions for identification verification.
- ✅Follow any extra steps from the customer care staff. This might include filling out a form or confirming your selection by email.
- ✅Please wait for confirmation from FBS that your account has been properly closed. This confirmation is generally provided via email.
Finally, once you get the confirmation, save or print a copy for your records. This documentation is useful for future reference if any conflicts or questions occur.
Is the account closure process at FBS the same for all account types?
Yes, the general procedure is the same. However, there may be additional stages depending on the account type.
Can I reopen my FBS account after closing it?
Yes, reopening a closed account could be possible. However, you must contact FBS customer service for help.
FBS Trading Platforms
FBS offers Malaysian traders a choice between these trading platforms:
- ✅MetaTrader 4
- ✅MetaTrader 5
- ✅FBS Trader
MetaTrader 4
FBS’s MetaTrader 4 is a reliable and familiar option for Malaysian traders. Its user-friendly interface caters to both inexperienced and skilled traders in Malaysia.
One significant advantage for Malaysians is that MT4 supports multiple languages, including those commonly spoken in Malaysia, making it more accessible. The platform’s robust security measures are imperative for Malaysian traders concerned about online financial safety.
The interoperability of MT4 with various devices like computers or smartphones accommodates the diverse trading preferences prevalent across Malaysia, a critical aspect given the country’s high-speed trade environment where market opportunities could arise at times. This flexibility becomes indispensable while trading amidst such circumstances.
MetaTrader 5
FBS provides the advanced MetaTrader 5 platform, which offers a wide range of capabilities that benefit Malaysian traders seeking more sophisticated trading tools.
The powerful analytical features and comprehensive charting options make it ideal for conducting in-depth market analysis tailored to Malaysia’s unique financial landscape.
Additionally, MT5‘s expedient processing speed is crucial in today’s rapidly shifting economic environment, allowing traders to execute transactions more efficiently and accurately.
Furthermore, its versatile product offerings cater well to diverse investment interests such as Forex, commodities, and indices – fitting aptly with Malaysia’s broad financial portfolio requirements.
FBS Trader
FBS Trader proves highly beneficial for Malaysian traders who prioritize a mobile-first approach to trading. Tailored specifically towards convenient and efficient on-the-go transactions, it perfectly suits the fast-paced lifestyle of many Malaysians.
Its user-friendly interface significantly benefits novice traders by simplifying market comprehension; experienced ones will find crucial tools and capabilities required for an extensive trading experience without compromise.
The platform’s valuable provision of real-time updates in such a volatile marketplace as Malaysia keeps users up-to-date with relevant information—further strengthening its appeal amongst local investors seeking accessibility, simplicity, and multifunctionality within their chosen brokerage toolset.
FBS Trader remains a versatile solution best suited to meet budding or seasoned Malaysian Traders’ current needs.
Pros and Cons of FBS Trading Platforms
| ✅Pros | ❎Cons |
| FBS offers a free demo account across trading platforms to Malaysians | FBS no longer offers social trading solutions |
| Traders can choose between MetaTrader 4 and 5 despite their trading objectives or skill | The FBS app is limited when compared to the functionality offered by MT4 and 5 mobile |
Is mobile trading available with FBS for Malaysian traders?
Yes, FBS offers the FBS Trader app, a mobile-centric platform that enables Malaysian traders to trade easily from their cell phones.
Can Malaysian traders access advanced trading tools on FBS platforms?
Yes, FBS provides extensive trading tools and capabilities on MetaTrader 5, which are ideal for experienced Malaysian traders.
Which Markets Can You Trade with FBS?
Malaysian traders can expect the following range of markets from FBS:
- ✅Forex
- ✅Precious Metals
- ✅Indices
- ✅Energies
- ✅Stocks
- ✅Cryptocurrencies
Financial Instruments and Leverage offered by FBS
| 🔑Instrument | 🅰️Number of Assets Offered | 🅱️Max Leverage Offered |
| 📈Forex | 71 | 1:3000 |
| 💎Precious Metals | 8 | 1:333 |
| 💹Indices | 11 | 1:33 |
| 💡Energies | 3 | 1:100 |
| 📉Stocks | 500+ | 1:5 |
| 🪙Cryptocurrencies | 5 | 1:33 |
Broker Comparison for a Range of Markets
| 🔑Broker | 🥇FBS | 🥈XBTFX | 🥉FXTM |
| 📈Forex | ✅Yes | ✅Yes | ✅Yes |
| 💎Precious Metals | ✅Yes | ✅Yes | ✅Yes |
| 💹ETFs | None | None | None |
| 📊CFDs | ✅Yes | ✅Yes | ✅Yes |
| 📉Indices | ✅Yes | ✅Yes | ✅Yes |
| 📌Stocks | ✅Yes | ✅Yes | ✅Yes |
| 🪙Cryptocurrency | ✅Yes | ✅Yes | ✅Yes |
| 🔃Options | None | None | None |
| 💡Energies | ✅Yes | ✅Yes | ✅Yes |
| 📝Bonds | None | None | None |
Pros and Cons of FBS Range of Markets
| ✅Pros | ❎Cons |
| Malaysians can trade over 500 stock CFDs with FBS | Traders can still clear their account balance when they use high leverage |
| FBS offers major, minor, and exotic forex pairs | FBS does not offer MYR currency pairs or local CFDs |
| Traders can use leverage of up to 1:3000 on forex major pairs | Compared to other brokers, FBS’s product portfolio is extremely limited |
Does FBS provide options for stock trading to Malaysian traders?
Yes, FBS allows Malaysian traders to trade in over 500 equities, including important businesses such as APPLE.
Are there energy trading options available with FBS for Malaysian traders?
Yes, Malaysian traders may trade energy commodities such as crude oil using FBS.
FBS Fees, Spreads, and Commissions
FBS Spreads
Malaysian traders with FBS may anticipate competitive spreads, an important component of trading expenses. For example, spreads on popular pairings such as EUR/USD begin as low as 0.7 pips.
However, it is vital to remember that for exotic currency pairings, the spread may fluctuate and be bigger owing to market volatility and liquidity. These spreads are especially important for traders who often trade forex since they directly influence the cost of each transaction.
FBS Commissions
The aversion of commission expenditures applied to FBS transactions presents a noteworthy advantage for Malaysian traders. This suggests that traders must only consider the spread costs, streamlining their ability to evaluate and regulate trading expenses.
The absence of commissions effectively lowers transactional overheads, providing significant assistance for those individuals who engage in large-volume trading activities.
FBS Overnight Fees
Traders that keep holdings overnight should be cautious of exchange costs. These costs are either credited or debited, depending on the positions maintained and the underlying interest rates of the currencies involved.
Overnight costs for transactions will be determined by the interest rate difference between the US dollar and the Malaysian ringgit, which may affect the cost of holding holdings for numerous days.
FBS Deposit and Withdrawal Fees
FBS accepts most deposit methods for free, while some withdrawal methods incur fees as follows:
- ✅Credit/Debit Card – 0.9 – 2 EUR
- ✅Neteller – 2%
- ✅Skrill – 1 – 2% + 0.29 EUR
- ✅Fasapay – 0.5%
- ✅Perfect Money – 0.5%
FBS Inactivity Fees
FBS does not impose inactivity fees, which benefits Malaysian traders who may not always be active. This approach allows traders to keep their accounts without fear of being fined during times of inactivity.
FBS Currency Conversion Fees
Malaysian traders might incur currency translation costs, particularly when depositing or withdrawing in MYR from accounts denominated in other currencies such as USD or EUR.
These fees are important for traders who move money since they increase total trading expenses. Currency conversion rates are subject to market fluctuations and must be included in Malaysians’ financial plans when dealing in overseas markets.
Pros and Cons of FBS Trading and Non-Trading Fees
| ✅Pros | ❎Cons |
| FBS offers a transparent fee schedule for Malaysians | FBS charges withdrawal fees |
| There are no commission fees charged | Malaysians might incur currency conversion fees when they deposit and withdraw in MYR |
Are there any overnight fees for Malaysian traders with FBS?
Yes, Malaysian traders may pay overnight fees or swaps, which vary per financial instrument, while holding positions with FBS.
How are the spreads for commodities like gold and oil with FBS for Malaysian traders?
For Malaysian traders, FBS provides 1 pip spread on XAU/USD and 0.03 pips on XBR/USD.
FBS Deposits and Withdrawals
FBS offers Malaysian traders the following deposit and withdrawal methods:
- ✅Maybank
- ✅CIMB Bank Berhad
- ✅Credit/Debit Card
- ✅DuitNow QR
- ✅Hong Leong Bank
- ✅AmBank Group
- ✅Public Bank
- ✅RHB
- ✅Bank Simpanan National
- ✅Bank Islam Malaysia
- ✅Touch ‘n Go
- ✅Neteller
- ✅FPX
and many more!
How to make a Deposit with FBS
To deposit funds to an account with FBS, Malaysian traders can follow these steps:
- ✅First, go to the FBS website and log in to your Area using your credentials.
- ✅Go to the ‘Finances’ area in your Area and choose the ‘Deposit’ option.
- ✅Choose a deposit method that meets your needs. FBS provides a variety of choices, including bank transfers, credit/debit cards, and e-wallets. Malaysian traders may find local bank transfer solutions such as Maybank and CIMB Bank Berhad useful.
- ✅Input the amount you want to deposit. Be aware of the minimum deposit requirements for your selected account type.
- ✅Verify the deposit information, including the method and amount. To prevent problems, make sure that the name on your FBS account matches the name on the deposit source.
- ✅Follow the steps to complete the purchase. If you use an online payment method, you may be transferred to a secure payment gateway to complete the transaction.
Lastly, return to your Area after completing the transaction to keep track of its progress.
How long do FBS Deposits take?
Regarding the time it takes for deposits to appear in your FBS account, most methods provide quick deposits, meaning the cash should be ready for trading practically soon after the transaction.
Can Malaysian traders use mobile banking to deposit funds with FBS?
Malaysian traders may use mobile banking solutions like QR to deposit money with FBS.
Do Malaysian traders receive any confirmation after depositing with FBS?
Yes, Malaysian traders will get a confirmation in their Area and via email after successfully depositing with FBS.
How to Withdraw from FBS
To withdraw funds from an account with FBS, Malaysian traders can follow these steps:
- ✅Access the FBS website and enter your Area using your account information.
- ✅In your Area, locate and click on the ‘Finances’ area, then choose the ‘Withdrawal’ option.
- ✅Select your desired withdrawal method. Local bank transfers, such as those from Maybank or CIMB Bank Berhad, e-wallets, and credit/debit card withdrawals are all possible options.
- ✅Please specify the amount you want to withdraw. Check that it complies with the minimum and maximum limitations established for your preferred withdrawal method.
- ✅Check your withdrawal request’s details for correctness, including the amount and withdrawal method.
- ✅Submit a withdrawal request. Depending on your chosen method and your account’s security settings, you may be required to complete additional verification procedures.
Finally, keep track of your withdrawal status in your ‘Transaction History’ area.
How long do FBS Withdrawals take?
Withdrawal times vary depending on the technique used. For example, e-wallet withdrawals might take 15 minutes to a few hours to complete, but bank transfers can take up to 48 hours.
How long does a withdrawal take for Malaysian traders with FBS to process?
Withdrawal processing timeframes for Malaysian traders with FBS vary between 15 minutes and 7 working days, depending on the method utilized.
Are there any restrictions on withdrawal amounts for Malaysian traders with FBS?
Yes, withdrawal amounts are subject to minimum and maximum limitations that vary according to the withdrawal method.
FBS Deposit Currencies, Deposit and Withdrawal Processing Times
| 🔑Payment Method | 💴Deposit Currencies | 🗂️Deposit Processing | 📒Withdrawal Processing |
| 🏦Maybank | MYR | 15 – 20 minutes | 15 – 20 minutes |
| 🚩CIMB Bank Berhad | MYR | Instant | 15 – 20 minutes |
| 💳Credit/Debit Card | EUR | Instant | 15 minutes – 7 days |
| 🔎DuitNow QR | MYR | Instant | N/A |
| ➡️vHong Leong Bank | MYR | 15 – 20 minutes | 15 minutes – 48 hours |
| ▶️AmBank Group | MYR | Instant | 15 minutes – 48 hours |
| 🔖Public Bank | MYR | 15 – 20 minutes | 15 minutes – 48 hours |
| 🏷️RHB | MYR | 15 – 20 minutes | 15 minutes – 48 hours |
| ✳️Bank Simpanan National | MYR | Instant | 15 minutes – 48 hours |
| ☪️Bank Islam Malaysia | MYR | Instant | 15 minutes – 48 hours |
| ✴️Touch ‘n Go | MYR | Instant | N/A |
| 💻Neteller | USD | Instant | 5 minutes – 48 hours |
| 📍FPX | MYR | Instant | N/A |
| 🗂️Affin Bank Berhad Bank (Withdrawals only) | MYR | N/A | 15 minutes – 48 hours |
| 💵Sticpay (Withdrawals only) | USD | N/A | 15 minutes – 48 hours |
| ⏩Skrill (Withdrawals only) | USD | N/A | 15 minutes – 48 hours |
| 💶Alliance Bank (Withdrawals only) | MYR | N/A | 15 minutes – 48 hours |
| ↘️CIMB (Withdrawals only) | MYR | N/A | 15 minutes – 48 hours |
| 💷Fasapay (Withdrawals only) | MYR | N/A | 15 minutes – 48 hours |
| 💰Perfect Money (Withdrawals only) | USD | N/A | 15 minutes – 48 hours |
Broker Comparison: Deposit and Withdrawals
| 🔑Broker | 🥇FBS | 🥈XBTFX | 🥉FXTM |
| ⏰Minimum Withdrawal Time | 15 minutes | Same-day | Instant |
| ⏱️Maximum Estimated Withdrawal Time | Up to 7 days | 1 – 3 days | Up to 5 working days |
| 💳Instant Deposits and Instant Withdrawals | Deposits | None | ✅Yes, instant deposits |
Pros and Cons of FBS Deposits and Withdrawals
| ✅Pros | ❎Cons |
| Malaysians can deposit and withdraw in MYR using several local payment methods | FBS charges withdrawal fees |
| FBS offers instant deposit methods | There are no instant withdrawals offered |
| Deposits and withdrawals are free with FBS | FBS might charge currency conversion fees on MYR deposits and withdrawals as accounts are only denominated in USD or EUR |
What are the withdrawal options for Malaysian traders with FBS?
Malaysian traders may deposit with FBS via payment gateways, bank transfers, and credit/debit cards.
How can Malaysian traders check their deposit and withdrawal status with FBS?
Malaysian traders can monitor the status of their deposits and withdrawals in their Area on the FBS website.
FBS Education and Research
Education
FBS offers the following Educational Materials to Malaysian traders:
- ✅Forex Guidebook
- ✅Tips for Traders
- ✅Webinars
- ✅Educational Video Lessons
- ✅Seminars
- ✅Glossary
- ✅FAQ
and more!
FBS also offers Malaysian traders the following additional Research and Trading Tools:
- ✅Forex News Feed
- ✅Daily Market Analysis
- ✅Forex TV
- ✅VIP Analytics
- ✅Economic Calendar
- ✅Forex Calculators
- ✅Currency Converter
and more!
Research and Trading Tool Comparison
| 🔑Broker | 🥇FBS | 🥈XBTFX | 🥉FXTM |
| 📈Economic Calendar | ✅Yes | None | ✅Yes |
| 🔒VPS | ✅Yes | None | ✅Yes |
| 💹AutoChartist | None | None | None |
| 👁️Trading View | None | None | None |
| 📍Trading Central | None | None | None |
| 📉Market Analysis | ✅Yes | None | ✅Yes |
| 🗞️News Feed | ✅Yes | ✅Yes | ✅Yes |
| 💻Blog | ✅Yes | ✅Yes | ✅Yes |
Pros and Cons of FBS Education and Research
| ✅Pros | ❎Cons |
| Beginners have access to webinars, educational video lessons, guidebooks, tips, etc | FBS’s demo account expires after 45 – 90 days |
| FBS offers several useful tools and resources to more experienced traders | FBS’s educational section is not as comprehensive as that of other brokers |
| FBS offers a local economic calendar on its website | FBS does not provide AutoChartist, TradingView, or Trading Central |
Does FBS offer any beginner-friendly educational tools for Malaysian traders?
Yes, FBS provides beginner-friendly teaching aids for Malaysian traders, such as a Forex manual and basic video lessons.
Does FBS offer any personalized training or educational sessions for Malaysian traders?
Yes, FBS periodically provides customized training sessions and educational seminars suited to the requirements of Malaysian traders.
FBS Customer Support
| 🔑Customer Support | 🤝FBS Customer Support |
| ⏰Operating Hours | 24/7 |
| 🌎Support Languages | English, Portuguese, Thai, Malay, Vietnamese, Arabic, Hindi, Chinese, and more |
| 🔊Live Chat | ✅Yes |
| 💻Email Address | ✅Yes |
| ☎️Telephonic Support | ✅Yes |
| 🏆The overall quality of FBS Support | 4/5 |
Pros and Cons of FBS Customer Support
| ✅Pros | ❎Cons |
| FBS’s customer support operates every day, all day, even on public holidays and weekends | FBS’s customer support can be slower during busy market hours |
How quickly does FBS respond to customer support inquiries from Malaysian traders?
FBS is noted for its quick reaction to client requests, generally resolving Malaysian traders’ complaints within a few hours.
Does FBS offer educational support to Malaysian traders through its customer service?
FBS customer care helps Malaysian traders access instructional materials and tools.
FBS VPS Review
FBS provides a Virtual Private Server (VPS) solution that greatly improves the trading experience for Malaysian traders. This service is especially useful for maintaining reliable and efficient transaction executions, which is critical under turbulent market situations.
For Malaysian traders, initial access to this service needs a one-time payment of at least $450, which allows them to utilize the VPS for free for the first month. A monthly charge of $33 is levied from the second month onwards.
However, active traders who traded at least three standard lots in the previous month are exempt. This makes the VPS service affordable for individuals who trade often.
The flexibility to choose the server location and kind enables Malaysian traders to adapt their VPS experience to their trading requirements, resulting in the best performance. However, inadequate money or trading activity may result in a temporary suspension of the VPS service.
Are there any potential suspensions of FBS VPS service for Malaysian traders?
Yes, Malaysian traders should exercise caution since inadequate money or trading volume may result in suspending the FBS VPS service.
What is the typical response time for FBS VPS support for Malaysian traders?
FBS VPS support for Malaysian traders usually replies within minutes to help resolve any concerns.
FBS Cashback Rebates Features and Conditions
The FBS Cashback Rebate program is a popular feature among Malaysian traders, providing a unique opportunity to boost trading profits. This program is part of the FBS Introducing Broker (IB) Program, which allows IBs to provide customers incentives depending on their trading activity.
Cashback rebates are provided every Monday as a gift of gratitude from IBs, with the opportunity to balance losses or boost earnings from successful transactions. The refund amount is determined by numerous criteria, including the client’s trading volume and the commission paid to the IB.
Some IBs may provide up to 90% of their commission in payback to their customers. This feature encourages traders to trade more often and increases the earning potential of Malaysian IBs, resulting in a mutually advantageous scenario.
The program’s structure and awards may considerably increase the appeal and competitiveness of FBS trading for both Malaysian traders and IBs.
Can Malaysian traders use FBS Cashback Rebates to offset trading losses?
Yes, Malaysian traders may use FBS payback Rebates to mitigate trading losses, as the broker offers a rebate of up to 90% per lot traded, even if the trades are unsuccessful.
How can Malaysian traders maximize their FBS Cashback Rebates?
To optimize their FBS Cashback Rebates, Malaysian traders should trade bigger volumes, since the cashback amount is dependent on trading volume, and make sure they are trading with the most cost-effective instruments to boost rebate efficiency.
FBS Web Traffic Report
| 🌎Global Rank | 46,922 |
| 🌐Country Rank | 2,840 |
| 📈Category Rank | 30 |
| 🚩Total Visits | 1.1 million |
| 📌Bounce Rate | 53.47% |
| 📖Pages per Visit | 4.69 |
| ⏱️Average Duration of Visit | 00:03:10 |
| 📍Total Visits in the last three months | October – 1.1 million November – 978.9K December – 1.1 million |
FBS Geographic Reach and Limitations
FBS Current Expansion Focus
FBS is currently expanding across South America, Asia, and Africa.
Countries not accepted by FBS
FBS does not accept clients from these countries:
- ✅Japan
- ✅United States
- ✅Canada
- ✅United Kingdom
- ✅Myanmar
- ✅Brazil
- ✅Israel
- ✅Islamic Republic of Iran
Popularity among Malaysian traders who choose FBS
FBS is one of the top 20 forex and CFD brokers in Malaysia.
Do any Malaysian authorities regulate FBS?
No, FBS is not directly controlled by the Malaysian government but follows international regulatory norms.
In which countries is FBS’s service particularly strong?
FBS has a strong presence in over 150 countries, including Malaysia, Laos, South Africa, Brazil, and Turkey.
Best Countries by Traders
| 🔑Country | 📈Market Share |
| 🥇Brazil | 15.61% |
| 🥈Nigeria | 6.5% |
| 🥉Thailand | 6.33% |
| 🏅Norway | 5.73% |
| 🎖️Indonesia | 4.4% |
FBS vs XBTFX vs FXTM – A Comparison
| 🔑Broker | 🥇FBS | 🥈XBTFX | 🥉FXTM |
| 🚨Regulation | IFSC, CySEC, ASIC, FSCA | None | CySEC, FSCA, FCA, CMA, FSC Mauritius |
| 📈Trading Platform | FBS Trader MetaTrader 4 MetaTrader 5 | cTrader MetaTrader 4 MetaTrader 5 | MetaTrader 4 MetaTrader 5 FXTM Trader |
| 💴Withdrawal Fee | ✅Yes | None | ✅Yes |
| 🆓Demo Account | ✅Yes | ✅Yes | ✅Yes |
| ⬇️Min Deposit | 24 MYR | 50 MYR | 50 MYR |
| 💹Leverage | Up to 1:3000 | 1:500 | 1:2000 |
| 📉Spread | From 0.7 pips | From 0.01 pips | 0.0 pips, Variable |
| 💰Commissions | $0 | $3.5 per side, per lot | From $0.4 to $2 |
| ⛔Margin Call/Stop-Out | 30%/ 10% | 80%/50% | 40% to 50% (M) 60% to 80% (S/O) |
| 📝Order Execution | Market | Market | Market, Instant |
| 💳No-Deposit Bonus | None | None | None |
| 🪙Cent Accounts | ✅Yes | None | None |
| 📊Account Types | Retail Account | Standard Account ECN Account | Micro Account Advantage Account Advantage Plus Account |
| 🔒Securities Commission of Malaysia (SCM)Regulation | None | None | None |
| ➡️MYR Deposits | ✅Yes | None | ✅Yes |
| 🗂️MYR Account | None | None | None |
| ⌚Customer Service Hours | 24/7 | 24/7 | 24/5 |
| 💍Retail Investor Accounts | 1 | 2 | 3 |
| ☪️Islamic Account | ✅Yes | ✅Yes | ✅Yes |
| ⬇️Minimum Trade Size | 0.01 lots | 0.01 lots | 0.01 lots |
| ⬆️Maximum Trade Size | 500 lots | Unlimited | 100 lots |
| ⌚Minimum Withdrawal Time | 15 minutes | Same-day | Instant up to 24 hours |
| ⏱️Maximum Estimated Withdrawal Time | Up to 7 days | 1 – 3 days | Up to 5 working days |
| 💳Instant Deposits and Instant Withdrawals | Deposits | None | ✅Yes, instant deposits |
FBS Alternatives
- 🥇LiteFinance provides various benefits to Malaysian traders. They provide Islamic accounts that follow Shariah law, making them an excellent alternative for anyone looking for ethical investing opportunities. Furthermore, LiteFinance offers reasonable pricing, with narrow spreads on key currency pairings and low commission costs on CFDs, making it an affordable alternative. Malaysian traders will also like their support for the MetaTrader 4 and 5 platforms, noted for their powerful charting tools and automated trading features.
- 🥈XBTFX specializes in crypto CFDs and provides large leverage, which appeals to Malaysian crypto traders. Furthermore, XBTFX offers multilingual, making it easier for Malaysian traders to navigate and get help. Their user-friendly mobile trading app is a useful tool for traders who have hectic schedules and need to trade on the move.
- 🥉CMTrading distinguishes itself by offering a wide choice of instruments to meet the demands of Malaysia’s various traders. They provide a variety of assets, including forex, commodities, indices, and CFDs. CMTrading also promotes education, offering extensive resources and seminars that may be useful for Malaysian traders wishing to improve their trading skills.
FBS Awards and Recognition
FBS received the following recent awards and recognition:
- ✅Best Forex Broker Asia 2022
- ✅Best Forex Broker Middle East 2022
- ✅Best Forex Broker Latin America 2022
- ✅Best Forex Broker South-East Asia 2022
- ✅Best Forex Broker Europe 2022
- ✅Best Copy Trading Application Global 2022
- ✅Best Mobile Trading Platform Asia 2022
- ✅Best Mobile Trading Platform Middle East 2022
and many more!
Our Experience with FBS
Engaging with FBS as a trading platform has been a worthwhile experience. The broker’s account kinds, including the Islamic account, cater to various trading demands, which we found helpful.
The lack of incentives and promotions highlights FBS’s emphasis on trading quality and ethical standards, consistent with our desire for openness and plain trading circumstances.
Furthermore, FBS‘s adherence to international regulatory standards has given customers trust in their dedication to trader security and fair trading procedures.
Overall, our experience with FBS has been favorable, as shown by their balanced approach to meeting the different demands of traders while maintaining high standards of integrity and security.
FBS Trading Platform
In our experience, MetaTrader 4, MetaTrader 5, and the FBS Trader app have met our trading needs. MetaTrader 4 has proven especially useful for beginner and experienced traders with its user-friendly design and extensive capabilities.
MetaTrader 5’s enhanced analytical capabilities allow for more extensive market analysis, which we found useful for complex trading methods.
The mobile-centric design of the FBS Trader app has proven to be a valuable tool for traders on the go, providing convenience without sacrificing critical trading functionality. Each platform offers distinct advantages, making the entire trading experience with FBS diverse and efficient.
Quality of Customer Service
FBS has always delivered exceptional client service. The timeliness and skill of their support crew have improved our trading experience. Queries and complaints are immediately answered, demonstrating their dedication to client satisfaction.
Multilingual assistance, including Malaysian languages, has simplified communication and problem-solving. Furthermore, the availability of several support channels, such as live chat, email, and phone, has given us many options for seeking help.
In addition, FBS’s continuous level of customer service has played an important role in creating a dependable and supportive trading environment.
FBS Response Time
| 🔑Support Channel | ⏰Average Response Time | ⏱️User-based Response Time |
| ☎️Phone | 10 minutes | 5 – 7 minutes |
| 1 working day | Same-day | |
| 🔊Live Chat | 5 – 10 minutes | 2 minutes |
| 📱Social Media | 10 minutes | 5 – 7 minutes |
| 👥Affiliate | 1 working day (email) | Same-day |
Recommendations according to our in-depth review of FBS
- ✅Introducing promotions and bonuses tailored exclusively for Malaysian traders might increase participation and provide extra trading incentives.
- ✅Participating in community projects and CSR efforts in Malaysia would not only increase FBS’s brand visibility. Still, it would also show a commitment to the social and economic well-being of the local community.
- ✅Expanding the instructional information accessible in Bahasa Malaysia would reach a larger audience in Malaysia, ensuring that language does not impede learning and trading.
- ✅Making customer help accessible during Malaysian business hours will increase responsiveness and convenience for local traders.
- ✅Keeping accounts in Malaysian Ringgit (MYR) would remove the need for currency translation and related costs, making transactions easier and more cost-effective for Malaysian traders.
- ✅Opening a local office in Malaysia might allow traders to meet face-to-face, increasing confidence and providing more customized service.
- ✅While FBS currently offers Islamic accounts, expanding its features and flexibility will better meet the demands of Malaysia’s large Muslim community.
- ✅Organizing training sessions centered on the Malaysian market will provide traders with insights into local market trends and methods.
- ✅Adding additional local banking alternatives for deposits and withdrawals will simplify the process, making it quicker and more familiar to Malaysian customers.
Finally, collaboration with Malaysian banks and financial organizations might lead to more efficient transactions and the possibility of offering localized financial solutions.
FBS Customer Reviews
🥇 Informative.
I value FBS’s instructional offerings, which have helped me build my trading methods. Their webinars and tutorials are informative and targeted to various expertise levels. – Ayesha Tan
🥈 Constant customer support.
FBS’s customer service has been constant and trustworthy. The bilingual support crew is always there to help, making it easy for me as a Malaysian trader to seek assistance when required. – Maya Ismail
🥉 Stable and fast.
Using FBS’s VPS has improved my trading execution. The stability and quickness gave me an advantage, especially amid unpredictable market circumstances. – Liam The
Pros and Cons of Trading with FBS
| ✅Pros | ❎Cons |
| FBS offers a lucrative affiliate program and cashback rebates | FBS only offers a single retail trading account |
| Malaysians can choose local methods to deposit and withdraw funds in various currencies, including MYR | While there are commission-free trades, the spreads on some instruments can be very wide |
| FBS offers multilingual service 24/7 across communication channels | FBS does not offer a MYR-denominated account, subjecting traders to currency conversion fees |
| Malaysians can choose from three powerful trading platforms across devices | FBS offers fewer research and trading tools compared to other brokers |
| FBS does not limit the trading strategies that can be used | The FBS demo account expires in 45 – 90 days |
In Conclusion
Our final opinion on FBS for Malaysian traders is that it offers a balanced set of features ideal for a wide variety of traders, from beginners to seasoned pros.
In our experience, the lack of commission costs and cheap spreads are especially advantageous for cost-conscious traders, while the wide selection of tradable products allows for substantial portfolio diversification.
The availability of a VPS service and the introduction of Islamic accounts indicate FBS’s dedication to meeting the requirements and preferences of specialized traders. However, the absence of MYR account support and probable currency conversion costs may be a disadvantage for some.
Furthermore, the lack of local physical offices may also be an issue for traders who prefer in-person encounters.
Nonetheless, FBS compensates with strong online assistance and a diverse educational resource collection. Overall, FBS is a reliable and adaptable brokerage option for Malaysian traders, matching its offers with regional needs and worldwide trading standards.
Our Review Methodology: For each of our broker evaluations, we investigate, evaluate, analyze, and compare what we feel to be the most crucial criteria to consider when selecting a broker. Based on our findings, this evaluation comprises positives, disadvantages, and an overall score. We want to assist you in locating the ideal broker for your requirements. Our broker review should not be considered financial advice. However, traders are urged to seek professional financial advice before making investment decisions.
Investor Warning: Foreign currency trading on margin is associated with an elevated risk and may not be appropriate for all Malaysian investors. Before engaging in foreign currency or Contract for Difference (CFD) trading, you must evaluate your investing goals, expertise, appetite for risk, and willingness to be exposed to risk. In addition, you should not start investing capital you cannot afford to lose because you could lose part of your original investment.
Addendum/Disclosure: No matter how diligently we strive to maintain accuracy, the forex market is volatile and may change anytime, even if the information supplied is correct when going live.
Frequently Asked Questions
Is FBS legal in Malaysia?
The International Financial Services Commission (IFSC) in Belize regulates FBS, which Malaysia’s Securities Commission recognizes. However, forex trading may be subject to special rules in Malaysia, so be sure you grasp the legal environment before you begin trading.
Can I open an Islamic account with FBS?
Yes, FBS provides swap-free accounts that follow Shariah standards and eliminate interest costs. These accounts may be appropriate for Muslim traders in Malaysia looking for ethical investing opportunities.
Does FBS have Nasdaq 100?
Yes, FBS has Nasdaq 100 as a CFD on indices under “US100.”
Is FBS Safe or a Scam?
FBS is a trusted and safe broker for Malaysians.
What are the deposit and withdrawal options for Malaysian traders?
FBS accepts various payment options in Malaysia, including credit/debit cards, Maybank, CIMB, etc. Malaysians can check their website for the latest pricing and processing timeframes.
Is FBS regulated?
Yes, the IFSC, ASIC, FSCA, and CySEC regulate FBS.
What are the minimum deposit and withdrawal amounts for Malaysian traders?
The minimum deposit for a retail account with FBS is 24 MYR ($5).
How long does it take to withdraw from FBS?
Withdrawals can take from 15 minutes up to several days, depending on the withdrawal method used.
Is FBS safe for beginner traders in Malaysia?
Yes, FBS provides instructional tools as well as accounts that are suitable for beginners. However, forex trading contains inherent dangers, so novices should proceed with care and research before investing.
Are there any bonuses or promotions for Malaysian traders on FBS?
No, FBS does not offer any bonuses or promotions to Malaysian traders. However, there is a lucrative cashback rebate program available.
Does FBS have VIX 75?
No, unfortunately, Malaysians cannot trade the Volatility 75 (VIX75) with FBS.
What trading platforms does FBS offer in Malaysia?
FBS offers access to the popular MetaTrader 4 and 5 platforms, which are compatible with various devices and include comprehensive charting tools and automated trading features.
How does FBS compare to other brokers popular in Malaysia?
FBS is competitive with tight spreads, Islamic accounts, and popular platforms. However, compare features and regulations with other brokers like LiteFinance, XBTFX, and CMTrading to discover the best match for your requirements.
Where can I find more information about FBS in Malaysia?
FBS provides a webpage for all traders, which includes information about laws, promotions, and payment methods. You can also inspect their official Facebook page for community discussions and updates.
