Trade Forex, CFDs, Stocks and Metals with honest broker, fbs forex nigeria.

Fbs forex nigeria


Gold: 1 875 to go, 1900 coming the website is operated by FBS markets inc., registration no. 119717, FBS markets inc is regulated by IFSC, license IFSC/000102/124, address: 2118, guava street, belize belama phase 1, belize


Actual forex bonuses


Trade Forex, CFDs, Stocks and Metals with honest broker, fbs forex nigeria.


Trade Forex, CFDs, Stocks and Metals with honest broker, fbs forex nigeria.


Trade Forex, CFDs, Stocks and Metals with honest broker, fbs forex nigeria.


Trade forex, cfds, stocks and metals with honest broker


For newbies, risks are 100 times lower


Highest honest leverage on market


Wide payment systems geography


Feel free to choose any account type you like!


For experienced market players making their way to forex heights


Perfectly suits those who are just starting on their way to success on forex


Ideal for those who want to calculate their profit precisely


Designed for those who prefer trading at the fastest speed


For those who want to feel the full power of trading with ECN technologies


To grow your confidence, train your trading skills on a demo account.


Deposit with your local payment systems


Be armed with the latest news


Amazing updates in our FBS copytrade app: scan your card for easier transactions!


FBS new year promo results


FBS runs a christmas charity event in brazil


Dollar regains some ground


Stocks to trade this week


Gold: 1 875 to go, 1900 coming


What does the first fed meeting of 2021 have for the USD?


Stocks surged at the start of the week


USD strengthened as optimism waned


FBS at social media


Contact us



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  • Whatsapp


The website is operated by FBS markets inc.; registration no. 119717; FBS markets inc is regulated by IFSC, license IFSC/000102/124; address: 2118, guava street, belize belama phase 1, belize


The service is not provided in the following countries: japan, USA, canada, UK, myanmar, brazil, malaysia, israel and the islamic republic of iran


Payment transactions are managed by НDС technologies ltd.; registration no. HE 370778; address: arch. Makariou III & vyronos, P. Lordos center, block B, office 203


For cooperation, please contact us via support@fbs.Com or +35 7251 23212.


Risk warning: before you start trading, you should completely understand the risks involved with the currency market and trading on margin, and you should be aware of your level of experience.


Any copying, reproduction, republication, as well as on the internet resources of any materials from this website is possible only upon written permission.


Data collection notice


FBS maintains a record of your data to run this website. By pressing the “accept” button, you agree to our privacy policy.



Trading


Upgrade your profit, trade with the best conditions!


Account comparsion



  • Floating spread from 1 pip

  • Fixed spread from 3 pips

  • Floating spread from 0,5 pip

  • Fixed spread 0 pip

  • Floating spread from -1 pip



  • Up to 1:1000

  • Up to 1:3000

  • Up to 1:3000

  • Up to 1:3000

  • Up to 1:500


Maximum open positions and pending orders



  • From 0,01 to 1 000 cent lots
    (with 0,01 step)

  • From 0,01 to 500 lots
    (with 0,01 step)

  • From 0,01 to 500 lots
    (with 0,01 step)

  • From 0,01 to 500 lots
    (with 0,01 step)

  • From 0,1 to 500 lots
    (with 0,1 step)



  • From 0,3 sec, STP

  • From 0,3 sec, STP

  • From 0,3 sec, STP

  • From 0,3 sec, STP

  • ECN


Account types, except ECN account, support the following trading instruments: 35 currency pairs, 4 metals, 6 CFD.


Frequently asked questions


What trading account should I choose?


FBS offers various account types designed to meet your needs, including cent , micro , standard , zero spread , and ECN accounts with unique trading conditions. For newbies who have no trading experience, we recommend opening a demo account first, and only after that a micro or cent account. For those who are not the first day in trading, we advise opening a standard account – a classic one. And for real professionals, we suggest a zero spread account or ECN account.


What is a trading account?


To start trading on forex, you must open an account. The primary purpose of trading accounts is to make transactions (open and close orders) with various financial instruments. The trading account is similar to the bank one – you use it to store, deposit, and withdraw money. However, deposits and withdrawals are available only after you verify your account.


What is forex trading?


Forex, also known as the foreign exchange market or FX market, is the world's most traded market, with a $5.1 trillion turnover per day. In simple words, forex trading is the process of converting one country's currency into the currency of another country, aiming to make a profit from the changes in its value.


Why is FBS the best broker for online trading?


FBS is a legitimate forex broker regulated by the international financial services commission, license IFSC/000102/124 , which makes it trustworthy and reliable. We offer our clients the best trading conditions on the market, including different bonuses, convenient trading tools such as CFD trading and stock trading among trading classic currency pairs , regular promotions , the most transparent affiliate commission up to $80 per lot, 24/7 customer support, and more.


How do I start trading?


First, it's really important to remember that becoming a successful trader isn't an overnight process. It takes time to become familiar with the markets, and there's a whole new vocabulary to learn. For this reason, legitimate brokers like FBS offer demo accounts. To open a demo account, you need to register first. After that, download trading software to open and close your first order.


Download trading platform


Metatrader 4



  • Download for windows

  • Download for ios in appstore

  • Download for android in googleplay

  • Start trading online

  • Download multiterminal

  • Download for mac os


Metatrader 5



  • Download for windows

  • Download for ios in appstore

  • Download for android in googleplay

  • Start trading online

  • Download for mac os


Deposit with your local payment systems


FBS at social media


Contact us



  • Zopim

  • Wechat

  • Fb-msg

  • Viber

  • Line

  • Telegram

  • Whatsapp


The website is operated by FBS markets inc.; registration no. 119717; FBS markets inc is regulated by IFSC, license IFSC/000102/124; address: 2118, guava street, belize belama phase 1, belize


The service is not provided in the following countries: japan, USA, canada, UK, myanmar, brazil, malaysia, israel and the islamic republic of iran


Payment transactions are managed by НDС technologies ltd.; registration no. HE 370778; address: arch. Makariou III & vyronos, P. Lordos center, block B, office 203


For cooperation, please contact us via support@fbs.Com or +35 7251 23212.


Risk warning: before you start trading, you should completely understand the risks involved with the currency market and trading on margin, and you should be aware of your level of experience.


Any copying, reproduction, republication, as well as on the internet resources of any materials from this website is possible only upon written permission.


Data collection notice


FBS maintains a record of your data to run this website. By pressing the “accept” button, you agree to our privacy policy.


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Nigerian forex brokers


broker country regulation min.Deposit leverage review
cyprus, UK, mauritius cysec, FCA, FSC, FSCA $10 1:1000 review website
australia, cyprus ASIC, cysec $100 1:500 review website
cyprus,belize, australia cysec, IFSC, ASIC $5 1:500 review website
UK, australia, south africa FCA, ASIC, FSCA, cysec $50 1:400 review website
UK, cyprus, UAE, south africa FCA, cysec, DFSA, FSB $100 1:500 review website
cyprus cysec $1 1:3000 review website
belize IFSC $100 1:200 review website
cyprus, UK, south africa, UAE cysec, FCA, FSCA, DFSA $5 1:1000 review website

With a population of over 200 million nigeria is both the most populous country in africa and the largest economy on the continent. And although online trading in forex and cfds appears to be quite popular, there are still no specific rules governing online foreign exchange trading in the country.


So, the forex market in nigeria is pretty much in the grey area, and there are lots of uncertainties. If you are wondering how to start off as a forex trader, you are welcome to read the following article. We will discuss further the regulatory framework in the country, or rather its absence, along with all the practical aspects of forex trading, as well as the best brokers to deal with in nigeria.



Although it isn’t explicitly regulated in the country, forex trading is perfectly legal. And nigerian residents are targeted by many global brokerages, as their demand for financial services is growing and the local market is as promising as any emerging one. In fact, many foreign forex brokers already have physical presence in nigeria, one of the most prominent of which is FXTM.


As there is no substantial legal framework for online forex and binary options brokers operating in nigeria, no authority is overseeing their business activities. Apparently the central bank of nigeria (CBN) and the securities and exchange commission (SEC) are the bodies who have the power to establish a regulatory framework for trading in OTC derivatives in nigeria. It’s in their powers to draft a bill, which has to be approved by the national assembly and the president in order to become a law.


But until this happens, nigerian forex traders have no choice, but to assess the risks themselves and decide with which broker to invest. In fact, many of them fell victims to investment scams over the last decade or so. That is to say, choosing a reliable forex broker is of utmost importance for any trader. And we’re here to help you out with that.


Who are the best forex brokers in nigeria?


It’s up to you to select the broker that best suits your needs, but as we mentioned already, the most crucial thing about financial services providers is proper financial regulation. And as such doesn’t currently exist in nigeria, we suggest that it’s best to select a brokerage that holds a license with a reputable foreign financial regulator like the UK’s financial conduct authority (FCA), the cyprus securities exchange commission (cysec) in EU, or the australian securities and investments commission (ASIC), to name a few.


FXTM is the most obvious choice for nigerian traders searching for a trusted global brokerage, as it also has a physical presence in the country and some special offers for local clients.


But first thing first, so let us tell you about FXTM’s regulatory licenses. The brokerage is regulated in several jurisdictions, including the european union (cyprus), the united kingdom, and south africa. All of that guarantees that FXTM provides its services in a transparent and fair manner, and ensures the safety of their clients’ funds.


Besides, the broker offers pretty attractive trading conditions. You may open an account with just 10 USD, use leverage as high as 1:1000, and choose between two great platforms – the metatarder4 and the metatrader5. And the broker’s product portfolio covers over 240 tradable instruments, including forex pairs, indices, commodities cryptocurrencies and stocks.


And what is more, this broker offers naira trading accounts designed specifically for nigerian clients, so you can make a deposit to your trading account directly via wire transfer, debit card or a POS terminal.


We should also note that FXTM also has official representative offices in lagos and abuja, where the broker runs a forex training center as well, offering applied and advanced financial market trading courses. So, it isn’t surprising that FXTM was awarded as the best online forex trading company in nigeria for 2018.


Major forex brokerage FXCM is also a good choice for nigerian traders. The broker was especially popular in the US, but currently operates in the UK, australia, and south africa, holding licenses with the respective authorities there.


With FXCM you will be able to choose between two award-winning platforms – the broker’s proprietary trading station, and metatrader 4. Besides, you may leverage as high as 1:400, and the entry threshold is just $50.


And here is a special offer for nigerian traders from FXCM south africa - a 20 USD welcome free bonus, if you open a live trading account with and deposit just 50 USD. You will also access free webinars and various trading tools.


Another option we recommend to nigerian traders is hot forex - an award-winning forex and CFD broker, soundly regulated in several jurisdictions – the UK, the EU, the united arab emirates, and south africa.


Hotforex has a minimum deposit requirement of just 50 USD and offers leverage as high as 1:1000 with a choice of six account types and an option for an islamic one. As for trading platforms, this broker supports both the MT4 and MT5 - professional trading solutions, preferred by many experienced and beginner traders alike.


On top of that, hotforex also has an office in lagos, the largest nigerian city, and accepts local payments with bank wire, major debit and credit cards and e-wallets like neteller and skrill.


Another major brokerage readily onboarding nigerian clients is fxpro. They are licensed by the UK’s FCA, cysec and in south africa’s FSCA.


The minimum deposit requirement with fxpro is 100 USD, while the maximum leverage is as high as 1:500 for professional traders and clients outside the UK and the EU. The broker offers the three most popular trading platforms on the market – metatrader5, metatrader4 and ctrader, all of which are equipped with great charting, market analysis tools and automated trading software.


Another trusted broker, which accepts traders from nigeria is tickmill. The broker is licensed by the financial conduct authority in the UK, and supports the industry-leading MT4 platform. Besides, it has partnered with myfxbook to offer its clients advanced automatic trading options via the autotrade platform.


And note that tickmill has organized and conducted forex seminars in lagos (nigeria) for information and educational purposes. Over the years, they’ve also run some promotional offers especially for nigerian traders.


Another broker which you can trust is octafx. They are currently regulated by the cyprus securities and exchange commission (cysec) - a license which gives them a passport to operate throughout the european union.


The best thing about octafx as far as nigerian traders are concerned, is probably the fact that they accept deposits and allow withdrawals in nigerian naira. So, if you are in nigeria you can make deposits and withdraws directly at guaranty trust bank (gtbank) using their online banking application, via atms or at the offices of the bank.


And because octafx partners with the bank now all withdraws and deposits are fast, secure and commission free. The minimum deposit and withdraw amount is 2000 nigeria naira or just over 5 USD. The transfer rate is the official one used by the central bank of nigeria.


Otherwise, octafx offers a choice between metatrader5, the latest edition of the meta quotes family of trading platforms, and ctrader. We’ll discuss these trading platforms in further detail in the following paragraphs.


What are the best trading platforms for nigerian traders?


The best forex trading platforms for traders in nigeria and across the globe are metatrader4 (MT4), metatrader5 (MT5), and ctrader. These trading terminals have proved to be reliable, relatively easy to use, and equipped with everything a trader needs.


So, no wonder the leading global forex brokers, including those mentioned above, support some of those. For example, the MT4 is offered by FXCM, FXTM, fxpro, hotforex, tickmill, XM, FX choice, and many more. Basically, more than 80% of all forex brokers support it, and there is a good reason for that. The MT4 has a user-friendly interface and provides a number of useful trading tools, such as wide range of technical analysis indicators, advanced charting, multiple types of orders, hedging, automated strategies (eas) and third-party apis.


And its successor, the MT5, is even better than that – it has kept most of MT4’s functionality, and also allows users to deal in OTC products and exchange-traded instruments like futures, options, stocks and bonds from one and the same account. So, here, you may find more information on the metatarder5, as well as an extensive list of brokers who support it.


And as regards ctrader, this platform is is especially designed for ECN trading environment, and is mostly preferred by professional traders. Fast order entry and execution speeds, direct order entry via charts and level II pricing are just some of the reasons why many traders today choose ctrader as their go-to platform. Those of you who’d like to trade on this platform can check out the offer brokerage fxpro here, or those of octafx.


What leverage should you use?


Leverage is a delicate matter in forex trading, and each trader should decide for himself/herself what ratio to use. In its essence, leverage is a virtual “multiplier” provided by the broker so that traders can profit from relatively small price changes in currency pairs by investing small amounts of money.


Higher leverage may seem tempting, as it can multiply your profits, but you should remember that it always comes with a price – the higher the leverage, the greater the risk to lose your money when the market turns against you. That is why most financial regulators have capped the leverage allowed to retail investors to levels well below 1:100.


Of course, there aren’t any such restrictions in nigeria, so traders are free to use leverage of 1:500 or higher, if they’re willing to take the risk.


Who are the brokers offering the lowest spreads in nigeria?


The spreads are of course a very important element of forex trading, because your transaction costs depend largely on them. That said, you’d better only take into account the offers of trusted, properly regulated brokers, otherwise you risk being scammed. Here, you may check out the real-time spreads of the top-tier global brokers.


But, let’s get back to brokers in nigeria with a couple of examples. Traders who deposit $500 with FXTM will be able to sign up for an ECN account and use spreads as low as 0.1 pips on EUR/USD, plus a small commission fee. As a matter of fact, hotforex has a similar offer on their zero accounts.


Fxpro on the other hand offers spreads starting from 0.3 pips on EUR USD, plus a commission of $4.5 per standard lot, to ctrader account holders.


How much do you need to start trading forex in nigeria?


It depends on the broker. For example, with FXTM you may start out with just $10, FXCM and hotforex require an initial deposit of $50, and fxpro and tickmill ask for at least $100.


Remember, it’s always a good idea to start small, invest only the minimum with any brokerage, then try to withdraw to see whether you’ll have any problems. Also, trade in micro lots, especially if you are a beginner, otherwise you risk losing a lot in a single trade.


What are the best payment methods in nigeria?


Major debit and credit cards like VISA and mastercard are generally accepted by most brokers operating on the nigerian market, as well as bank wire transfers, some e-wallets like neteller and skrill and money transfer services like wester union, perfect money and the local 2checkout also known as 2CO.


For example, you can deposit with FXCM using visa, mastercard, and discover, a united bank for africa (UBA) prepaid card, bank wire, cards and e-wallets like neteller and skrill. Hotforex also accepts local payments with bank wire, major debit and credit cards, neteller and skrill.


And you may invest directly in naira with FXTM, octafx and instaforex, which is of course a great convenience for local traders. Also, bear in mind that FXTM promises nigerians instant withdrawals without conversion fees.


And those of you who prefer using perfect money, can deposit and withdraw using this payment methof with fxchoice or FBS - these are two trusted brokers that also accept nigerian clients. Both of them have many years of experience on the forex market, and hold licenses with belize's IFSC. FBS is also regulated by cysec.



Grand capital opens offices in south africa, nigeria adds nigerian naira as payment option


Forex, CFD and binary options broker grand capital has opened a third office in south africa – in johannesburg. The other two are already operatin in the towns of emalehleni and polokwane. Read more


Alpari re-opens office in nigeria


Alpari, a global forex broker, announced that it has re-opened its doors for business on the nigerian market. The news come just 2 months after the UK division of the company shut down its office in india and leave the developing country. Read more


Ironfx boosts global presence via nigerian office


Ironfx, the once-small forex broker operating from the island of cyprus, is simply growing its global network to incredible proportions with the latest pit stop for the company being one of nigeria's biggest cities: lagos. Read more


Research: nigerian central bank likely to maintain its current monetary stance


Quotes from standard chartered: -the CBN maintained a hawkish stance for most of 2012, actively mopping up excess liquidity on the interbank market to maintain positive real rates and a stable currency in an effort to curb inflationary pressures. Read more


Nigerian inflation drops to 8-month low, economic growth accelerates


Nigeria's consumer price inflation slowed to the lowest level in eighth months in august, and the economy expanded at a faster rate in the second quarter, data from the national bureau of statistics showed monday. Inflation slowed to 11.7 percent in august from 12.8 percent in july. Read more



Top 10 best nigerian forex brokers for 2021


Top rated:






best-forex-brokers-nigeria


Selecting your first, or new forex broker is always a big moment. Depending on your trading style, there may be a number of brokers who are the best fit for you as a nigerian trader.


Here we have gathered 10 of the best forex brokers in nigeria to choose from. This should mean there is something to suit everyone.


Table of contents


Forex trading in nigeria is legal, however in actual fact there are no regulations in place.


This puts it in a sort of ambiguous place of not being specifically legal or illegal. The word that we can use to describe forex trading in nigeria best would be to say it is accepted.


While there is regulation on nigerian traders that comes from the CBN (central bank of nigeria), this regulation does not extend to online forex trading.


How to trade forex in nigeria


Since forex trading and online forex brokers in nigeria do not come under any form of regulation, nigerian traders are free to open accounts with their international fx trading platforms of choice and follow the regulations that this broker has put in place from their own regulatory body.


In that case, you will typically need to provide some confirmation of your ID and proof of residence in line with your brokers regulatory requirement before funding your account.


With that said, since the CBN regulates other exchange trading activities, there is an annual limit of 50,000 NGN that you can send to overseas investments. This means that if your broker of choice keeps your funds overseas, you will have to follow this regulation with the amount your transfer outside the country.


Top 10 best forex brokers in nigeria


Having considered all factors, here is our listing of the best forex brokers nigeria has to offer.



1. FXTM


The first broker we have chosen to start our best broker in nigeria list is FXTM. They are renowned in the industry for being well-regulated and highly compliant around the world. This regulation comes from top bodies cysec, FCA, FSCA, and the FSC. They have also been awarded the best broker in africa 2018 award by international business magazine.


Trading with this broker you can expect to find 6 account types in total. Three of these are ECN account types while three ae standard types. This also includes a cent and shares account and an FXTM demo account is easily available as well as an islamic account where needed.


FXTM is the only broker that specifies its minimum deposit in NGN and this is 2000 NGN for a cent account, 40,000 NGN for standard and shares accounts, and 80,000 NGN for an ECN account.


When it comes to making your deposit, you can do so through ewallets or credit cards with no fees in the majority of cases. Neteller and local bank transfer deposits in NGN are both available too. Although no NGN base currency is available, you can choose USD, EUR, or GBP and spreads start from 0 pips with ECN, or 1.3 pips on standard accounts.


Finally, although there is no FXTM bonus available, there is a dedicated loyalty program that can help reduce trading costs.



FBS review and tutorial 2021


FBS is a top online broker offering MT4 & MT5 trading across a range of instruments.


Trade on nearly 50 leveraged forex pairs.


FBS is an online broker that offers financial market trading in forex and cfds. Our review in 2021 takes a thorough look at the broker’s legitimacy, leverage offering, spreads, and minimum deposits. Sign up for an FBS account and start trading.


History & headlines


FBS is a global broker founded in 2009. In the EU, FBS is operated by tradestone ltd and regulated by the cyprus securities and exchange commission (cysec). The global branch is run by FBS markets inc and regulated by the international financial services commission of belize (IFSC).


FBS has a head office location in cyprus and claims to have over 15 million active traders across more than 190 countries, from malaysia and indonesia to south africa, pakistan and the EU.


Trading platforms


FBS uses a non-dealing desk (NDD) system with STP for rapid order execution. After registration and login clients have a choice of two platforms to access the markets.


Metatrader 4


MT4 is a market-leading platform that FBS clients can download for PC. The trading platform includes a range of features:



  • One-click execution and copy-trading

  • Expert advisors (EA) service and apis

  • Wide range of technical indicators and charting tools

  • Support for clients using a virtual private server (VPS)


Trade Forex, CFDs, Stocks and Metals with honest broker, fbs forex nigeria.
FBS metatrader 4


The global branch of FBS also offers MT4 multiterminal, which allows clients to operate multiple accounts simultaneously.


Metatrader 5


This broker recently added MT5 integration to its portfolio. This platform is a recent update to MT4 with greater versatility that offers the following:



  • Hedging & netting

  • Market depth view

  • More technical indicators

  • More order types and timeframes


Trade Forex, CFDs, Stocks and Metals with honest broker, fbs forex nigeria.
FBS metatrader 5


MT4 and MT5 are also both available without a download via any browser through the webtrader solution. This service works across all operating systems and has all the features of the original software.


Markets


Clients can access a wide range of assets for trading:



  • Forex – 28 standard pairs plus 16 exotics

  • Metals – four precious metals

  • Energies – WTI and brent crude oil

  • Stocks (global only) – 40 company shares

  • Indices – four indices including the NASDAQ



Unfortunately trading on the FTSE100 is not offered and neither is cryptocurrencies, such as bitcoin.


Trading fees


Spreads offered by FBS vary by account type and region. For EURUSD, the global firm offers a spread of 3.0 pips on its micro account, 1.1 on its standard and cent accounts and zero pip spreads on its zero and ECN accounts. In the EU the same spread is 0.7 pips with both the standard and cent accounts. Our review was pleased to see competitive spreads with the zero and ECN accounts.


The global branch charges a fixed rate commission of $20 per lot on the zero spread account and $6 on the ECN account. It also charges $3 for stock trades and $25 for CFD trading.


FBS charges overnight rollover fees (swap-free is available) and a cancellation fee of €5 for transactions that have taken advantage of price latency. Accounts dormant for 180 days are charged a €5 monthly fee.


FBS leverage


The maximum leverage available depends on account type and branch. In the EU the broker provides leverage up to 1:30 on standard and cent account types. Globally it offers up to 1:1000 on the cent account, 1:500 on the ECN account, and 1:3000 on other account types.


FBS has a margin call of 40% and lower, whereafter it is entitled to close a client’s position.


Mobile apps


FBS trader app


The owner and CEO have ensured that FBS trader is a free and fully-featured trading app. It can be downloaded to android (APK) devices from google play. Outside the EU it’s also available on ios. The broker’s downloadable app offers forex and top instruments for trading, alongside real-time stats and easy management.


Trade Forex, CFDs, Stocks and Metals with honest broker, fbs forex nigeria.
FBS mobile app


MT4 & MT5 apps


Both metatrader platforms are also available as mobile apps from the app store and google play. The apps have the main features of the native platforms including technical analysis with the convenience of one-click trading on-the-go.


Trade Forex, CFDs, Stocks and Metals with honest broker, fbs forex nigeria.
FBS metatrader mobile trading


Payments


The minimum deposit at the online forex broker is different for each account type and trading region. The EU firm requires an initial deposit of €10 on the cent account and €100 on the standard. The global branch offers minimum deposits of $1, $5, $100, $500, and $1000 for the cent, micro, standard, zero spread, and ECN accounts respectively. Our review was pleased to see the low minimum deposit offering.


Several deposit and withdrawal methods are available including wire transfer (EU only), visa, and electronic payment systems, such as skrill and neteller. Deposits are instant for all methods bar wire transfer and withdrawals take up to 48 hours. Commission fees apply to withdrawals at the global FBS firm and identifying documents may be requested.


Demo account review


FBS offers demo versions of the cent and standard accounts in the EU. MT4 and MT5 integration are available and a range of instruments are offered to practice trading with zero deposit requirement. Once comfortable with the broker’s services, you can then sign up for a live account.


Trading bonuses


FBS has a wide selection of promotions and bonuses advertised on its global website. For example, the broker offers a trade $100 bonus with no deposit necessary. The broker credits clients with $100 and if the client has 30 active trading days with 5 lots traded, the bonus can be withdrawn. FBS also offers a 100% deposit bonus, which doubles the deposit available for trading, and many contests.


Licensing


FBS is a legitimate broker with regulations from respected authorities. The company that owns the EU branch of FBS is regulated by the cyprus securities and exchange commission (cysec). The global branch is regulated by the international financial services commission of belize (IFSC).


In the EU, the broker also offers negative balance protection to retail clients. Overall, we’re happy FBS is not a scam.


Note, traders from the USA cannot register for an account, though clients from most other countries are accepted, including canada, india and nigeria.


Additional features


The FBS website has an analysis section with resources including forex-related news, market updates, and a forex TV feature that displays informational videos, weekly insights, and trading plans. This broker also provides an economic calendar and forex calculators alongside extensive educational materials such as live webinars and tutorials.


Trade Forex, CFDs, Stocks and Metals with honest broker, fbs forex nigeria.
FBS economic calendar


Copy trading


The copytrade solution from FBS lets beginners replicate the success of top traders with secure, flexible trading tools. Clients can use the user-friendly mobile app to compare traders, allocate funds and create a unique trading portfolio.


Trading accounts


New clients have the option of several live account types. In the EU, the broker offers the standard and cent accounts. The global branch additionally offers the micro, zero spread, and ECN account. Order volumes are the same across account types. The ECN account has no trading limits and market execution is by ECN, unlike the other accounts which use STP. In general, the more you can deposit the higher the account tier and the more competitive the trading requirements.


When opening an account, you’ll need to submit documents to verify your name, address and the country you’re registering from.


Pros and cons


Benefits


Advantages of trading with FBS include:



  • MT4 and MT5 integration

  • Ultra-low minimum deposits

  • Competitive zero-pip spreads

  • Range of promotions & deposit bonuses



Drawbacks


Bad areas flagged in our review include:



  • Fewer account and trading options in the EU

  • Commissions payable on many trade types at the global firm



Trading hours


The FBS broker website is available at all times. Opening hours for each asset depends on the market and timezone, but forex runs 24 hours a day on weekdays. The broker also provides a virtual private server (VPS) service, which allows the client to keep their trading platform on a virtual machine 24/7.


Customer support


Customer support is available in english, spanish, portuguese, french, german and italian:



  • Email – info@fbs.Eu

  • Live chat – logo in bottom right

  • Contact number – +357 25313540

  • Address – vasileos georgiou A 89, office 101, potamos germasogeias 4048, limassol, cyprus


Global


Contact options including live chat, callback, and whatsapp are available on the global website.


Trader safety


FBS ensure client personal information and privacy is safeguarded. Transactional information is also protected using transport layer security (TLS). The metatrader platforms also offer dual-factor authentication at the login stage for added security.


FBS verdict


FBS is an international forex broker that offers low minimum deposits and a variety of trading accounts with MT4 and MT5 integration, alongside the FBS trader app. Spreads are competitive, and both novice and advanced traders will feel at home with this broker.


Accepted countries


FBS accepts traders from australia, thailand, united kingdom, south africa, singapore, hong kong, india, france, germany, norway, sweden, italy, denmark, united arab emirates, saudi arabia, kuwait, luxembourg, qatar and most other countries.


Traders can not use FBS from united states, japan, canada, myanmar, brazil, israel, iran.


Where is FBS regulated?


This broker is regulated in the EU by the cyprus securities and exchange commission (cysec) and elsewhere by the international financial services commission of belize (IFSC).


Is FBS a good broker?


FBS is a legitimate broker and not a scam. It is licensed by respected financial authorities and has positive online reviews.


Does FBS offer any bonuses?


The global branch of FBS offers 100% deposit bonuses and promotions where no deposit is required. This broker also offers trader contests and a VPS service.


What is the minimum deposit at FBS?


Clients can open an account with $1 at the global branch and $10 in the EU. The greater the initial deposit, the tighter the spreads and more advanced the trading tools.


What platforms does FBS offer?


FBS has both MT4 and MT5 platforms, which are available on any browser and as mobile apps. This broker also offers FBS trader, an in-house mobile application.


Does the FBS broker have trading on nas100?


Yes, clients can trade on the NASDAQ and three other major indices, including the S&P 500, dax30, and dow jones.



Best no deposit bonus forex brokers 2021


Forex trading can offer opportunity to make good income if you have enough trading experience. But there is an obligation to deposit funds in your trading account with the broker, before you can start trading live.


But this is not the case with no deposit bonus offered by brokers!

No Deposit Bonus Forex Brokers


Usually you may be unable to start because of limited funds, or you may want to test out your strategy on live before trading with actual money. The no deposit bonus can help in this case.


The no deposit bonus is a promotion by forex brokers where they offer free starting capital into the forex trader’s account, without any initial deposit.


But you still must be cautious in choosing a broker that offers no deposit bonus or any similar promos. We have done the research on the brokers that are currently offering bonus to traders from nigeria.


Best no deposit bonus forex brokers in nigeria in 2021


There are a few forex brokers that offer sign up bonus without any deposit.


5 best no deposit bonus forex brokers


We looked into all the brokers that offer no deposit bonus to nigerian traders, and then we hand-picked the few popular ones.


Let’s start by comparing the bonus & the terms to avail the bonus for 4 brokers in our list!


1) $30 bonus by XM:


XM Forex broker


Overall rating 9/10


XM is in our recommended forex broker list


Globally acclaimed XM is a broker regulated by cysec, FCA, IFSC, ASIC among others. It’s a global trading platform that offers a US $30 no deposit bonus to first-time clients who open a real trading account.


How to avail $30 XM forex bonus:


1) open trading account: to avail this bonus, traders must open a real trading account with XM. You can easily open it from here.

XM Forex Bonus

2) verify account: log in to the member’s area to validate the credentials sent via email. Then, traders must provide documentation for identification and account validation. SMS phone verification must then be carried out.


3) credit bonus: following this, the bonus is credited to the live account, ready for trading. The bonus is only available till you lose it or withdraw profits from the account.Post email and SMS confirmation, the user can confirm the transaction and log into the system.


An MT4 ID is assigned as a username while logging into the platform.


Bonus terms and conditions at XM forex



  • Bonuses cannot be withdrawn.

  • The bonus account can only be opened by new XM clients.

  • Profits generated can be proportionally withdrawn as per provisions of XM any time.

  • Bonuses cannot be activated for more than a single XM trading account.

  • If the trading account is not active, the bonus is removed.

  • Trading bonuses are not available for EU and UK clients, as the CYSEC and FCA regulated broker cannot offer this for traders from these countries. Clients registered under trading point of financial instruments UK limited and trading point of financial instruments limited cannot avail this bonus offer, therefore. Additionally, the bonus can be availed only once per IP address or household.

  • The bonus is available within a 30 day period of signing up with XM only.

  • XM permits trading activities of all kinds except arbitrage.


2) $100 bonus by FBS:



Not listed in our best forex brokers list


FBS is a cysec and IFSC regulated broker that offers the highest bonus. It is currently running multiple bonus offers, each with different amounts and rules. One of their most popular no deposit bonus offers is the trade 100 bonus, where you can get $100 of free funding.


How to avail $100 bonus at FBS?


To get the US $100 bonus, take the following steps:


1) register: the first step is to register and open a bonus account.


2) verify your account & get credited: you need to verify your account with FBS. Once your account is verified, your account will be credited automatically with the bonus fund.


3) start trading: you must use the MT5 account for placing trades for 30 days. And you must fulfil the conditions set by FBS before you can withdraw any profits made with the bonus.


Bonus terms at FBS:



  • You cannot withdraw the bonus, but you can withdraw the profits that you make, once the conditions are met.

  • Maximum leverage that you can use during trading with the bonus is 1: 500.

  • Further, the bonus can only be claimed once by new traders only.

  • Profit generated from trading with the bonus funds can only be withdrawn after 5 lots are traded, and $100 in profits or more are reached.

  • Bonus is cancelled once the first withdrawal is made.


3) $500 bonus by instaforex



Not listed in our best forex brokers list


Instaforex is another broker that offers no deposit bonus. Their promotional bonus is called the start up. They don’t require any verification to avail the bonus, but you have to make an initial deposit before you can withdraw the profits.


Note: instaforex is not in our recommended forex broker list for 2019, hence we don’t recommend them. If you are choosing to avail their no deposit bonus, please do so at your own risk.


How to avail $500 bonus at instaforex?


1) open a trading account: to avail the benefit of signup bonus you need to open a trading account at instaforex.


2) verify account & get bonus: the bonus can then be claimed after verifying your account.


Bonus terms at instaforex:



  • The new deposit bonus is available to new clients only.

  • You don’t have to offer documents for account verification to receive the startup bonus.

  • You can only withdraw the profit only once you deposit funds to your account. You have to deposit $50 to withdraw the bonus.

  • The bonus profits available for withdrawal cannot exceed US $50.

  • The bonus does not extend to instaforex cent accounts.


4) $10 bonus by fxopen



Not listed in our best forex brokers list


Fxopen is a regulated forex broker. They have been offering $10 signup bonus with theit STP account for some time now & it is available to nigerian traders as well.


How to get the $10 bonus at fxopen


1) open the STP account: the first step is to open the STP account at fxopen.


2) verify your account: the next step is to verify the account via SMS.


3) get bonus: following this, the bonus is automatically credited to the STP account. For availing this bonus, you must register an fxopen ewallet.


The bonus will be automatically added to the first STP account new traders open.


Fxopen bonus terms:



  • Fxopen offers the US $10 no deposit bonus for STP forex trading accounts.

  • While the bonus is received for free without any deposits, the conditions of the promotion must be met.

  • $10 bonus amount is only for STP account holders to trade. It cannot be withdrawn.

  • The maximum leverage allowed is 1:500. The bonus is credited directly to the trading account.


Common rules by no deposit bonus brokers


First you must understand that the bonus is for trading purposes only. It should be used as a way to practice in the live trading environment, and you should not see it as free cash.


Usually, there are some common rules (which you must know) set by all the no deposit bonus forex brokers:


1. You cannot withdraw the bonus but you can withdraw the profits you make while trading with that bonus.


2. You must trade a minimum number of lots for the required period until the broker’s terms are met.


3. You cannot claim the bonus in multiple trading accounts.


4. There may be other terms set by the broker, and you should check it out first before choosing any no deposit bonus broker.


How to choose a no deposit bonus forex broker?


We have prepared this list on few important points that you must consider before claiming bonus with any broker.


When it comes to no deposit bonuses, you need to consider the following factors:


1. Read the terms carefully (don’t just skim them)


Just because you not depositing any money to trade, doesn’t mean that you should choose any broker that offers bonus. Some brokers will lure you with extravagant bonus offers, but their withdrawal terms are very shady & bad, often requiring you to make deposits before you can withdraw any profits made with the bonus.


XM Bonus Terms


For example: instaforex requires you to make a deposit before you can withdraw any profits made with the bonus. This is not a favorable term. Even XM requires certain level of trading activity in terms of volume traded before you can withdraw any profits made via trading the bonus.


So make sure to read the terms carefully before choosing any broker for no deposit bonus. If there is something you are unsure about, don’t be shy to contact the broker’s support.


2. Always check the broker’s regulations


Unregulated brokers don’t have any obligation to commit to terms set by regulatory bodies, and often use no deposit bonus as a way to attract new traders and get them to deposit actual money.


Check if the broker has been approved, certified and regulated by the right authority like FCA (UK), cysec (cyprus), ASIC (australia) or FSCA (south africa).


Without regulation, you cannot back up the legality of the broker or file any complaint against them in case of any bad practice by the broker.


Note: if you are looking for highly regulated & trusted brokers to start trading forex with low deposit, then you can check our list of best forex brokers in nigeria.


Don’t fall for big bonus amount, rather go for trusted platforms that have proven history of reputation over the years, among existing traders.


3. Read the reviews (both good & bad)


Most regulated forex brokers that offer good services in general are likely to offer transparent bonus offers as well. So if a good regulated forex broker is offering a bonus, then it is a no-brainer to go for it.


You should carefully read the reviews of other traders, and also talk to other traders if they have any experience with the broker that you are about to choose, before you choose any broker that offers no deposit bonus.


For example: XM forex is a reputed forex broker & it is also the #5 forex broker in nigeria as per our XM forex reviews by our experts & users. So the no deposit bonus by them is a perfect opportunity to start.


Check Forex Brokers Reviews


Check out the reviews, website and online reputation of the broker before trusting them, even in case of no deposit bonus. It is your time at stake.


4. Make informed decision (not just choose a broker with bonus)


Don’t be tempted by big bonuses, as some brokers that offer deposit bonuses may not be trustworthy or might be unregulated. In such a case, you risk wasting your time & effort.


Instead, base your decision on the broker’s reputation, and choose a broker that is regulated with multiple top-tier regulators & offers the right trading platforms and services. If a regulated broker is offering a deposit bonus, then you can trust it.


In every case, read the terms and conditions and be clear about the offers and promotions. You must remember that the no deposit bonus offered by brokers should only be used to gain trading experience & not some way to earn without spending.


Be consistent about your trading style, don’t be drawn in by large bonuses, and in the end carefully evaluate bonus terms and the broker.



Best forex brokers in nigeria


We compared the best forex brokers in nigeria. If you are a trader from nigeria and want to start forex trading, be smart to avoid financial scams prevalent on african continent and consider trading with CBN regulated forex brokers. Nigerian forex traders should make sure if depositing in nigerian NAIRA currency is allowed by your chosen nigerian forex trading platform! Doing so, can save you future exchange rate fees between USD and NAIRA.


Check the forex brokers nigeria comparison.


�� 5 best forex broker in nigeria


Our handpicked list of regulated forex brokers operating in nigeria.



  • CM trading – best nigerian forex broker

  • XM.COM – no deposit bonus & high leverage

  • Hotforex– best for high leverage & bonuses

  • Pepperstone – best forex trading platforms

  • IQ option – best high leverage forex broker



The brokers below represent the best forex brokers for trading in nigeria.


#1 – CM trading ⇒ the best nigerian forex broker


CM trading caters to both beginners and intermediate traders, it is the best all-round forex company ever. Established in 2009 and regulated by FSCA this is one of the go-to brands for “both beginner and also profi FX traders.


Cmtrading.Com is truly one of the top forex brokers in nigeria !



  • Welcome bonuses for new clients

  • No requotes & no slippages policy

  • Variable spreads from 0.9 pips

  • Maximum leverage up to 1:500

  • Metatrader 4 (MT4)

  • Minimum first deposit $200


#2 – XM ⇒ the best forex trading platform



One of the best and most trusted forex brokers in nigeria. Fully regulated. XM is 100% safe and with a robust and stable trading platform that naturally comes with metatrader 4.



  • Welcome BONUS for new forex traders from nigeria

  • Zero re-quotes, zero rejections policy

  • Local depositing methods available for nigerians

  • Minimum deposit required is just $15

  • Maximum leverage is 1:888

  • Metatrader 4

  • Scalping and hedging is allowed



#3 – IQ option – broker with high leverage



The largest trading platform with intuitive and easy to learn interface is great for all newcomers to trading! Fully regulated by cysec.


Fully regulated, with safe bank accounts, negative balance protection and wide variety of assets is the best option for starting out in the world of online trading.



  • High leverage 1:1000

  • Local depositing methods available for nigerians

  • 48 currency pairs

  • Large range of stocks

  • 15 crypto currencies

  • Minimum first deposit $5




Yes forex trading is legal in nigeria. With the rapidly growing nigerian economy, it was no wonder that the nigerian forex market has witnessed rapid growth during the past decade, as more and more middle class nigerians have been joining the fx market. This boom has led to many scams and fraud taking place. The national watchdog has been therefore cracking down on unregulated scam forex brokers who promise riches to newbies since the past few years. The fx industry in nigeria now tries hard to regain its good reputation.


History of forex trading in nigeria


The boom in forex currency trading has begun in mid 2000’s and by now there are around 300 thousand retail forex traders in nigeria according to financemagnates.Com resource. Thanks to low barriers of entry (low minimum deposits + high leverage trading + free trading platforms) more and more middle class people can now afford to invest this way.


We strongly urge you to start trading only with regulated fx brokers! You may choose either some of our world renowned brokers with regulation in UK, cyprus OR go with some local nigerian CBN regulated forex broker.


Nigeria forex trading regulation


Central bank of nigeria (www.Cbn.Gov.Ng) shortly just CBN is the main regulatory body which controls the capital markets including forex companies.


How to choose the right fx broker as a nigerian trader


African continent, especially nigeria is well known for a widespread forex scam. It is therefore important to protect your hard earned cash from fake forex gurus, crypto scam, ponzi schemes, get rich quick schemes and various con artists. Do yourself a favor and deposit your hard earned money only into the safe forex trading platform! Don’t trust anyone who’s telling you they will share with you forex secrets!



FBS forex review


FBS Forex


User review

FBS forex is an international online broker that offers trading services in 190+ countries. It is home to a community of over 370,000 partners and 12,000,000 clients. The FX & CFD broker regularly organizes special events and seminars, and provides clients trading material, cutting-edge technology, and the latest forex trading strategies. These educational events are useful not only to new traders, but also to seasoned ones.


• learning opportunities
• promotions and bonuses
• customer support
• excellent trading conditions


• users only trade cryptocurrencies but don’t own them.


Established in 2009, FBS has won a number of international awards as follows:



  • Best FX broker indonesia

  • Best FX IB program

  • Best forex broker thailand

  • Best forex broker southeast asia

  • Best international forex broker

  • Top IB program 2016

  • Best customer service broker asia 2016

  • Highly recommended broker insurance company in indonesia

  • Best forex brand

  • Best safety of client funds asia 2015

  • Best FX IB program china (2017)

  • Best forex broker asia 2018

  • Best investor education 2017



Here are some facts and figures about FBS:



  • 7000 partner and trader accounts opened daily

  • Withdrawal requests made every 20 seconds

  • Half of FBS clients multiply their first deposit by up to 10x

  • 80% clients remain loyal to FBS

  • 48% clients consider FBS income as their main source of income



5 reasons for south african traders to choose FBS forex


Why choose FBS Forex


South african investors choose FBS for the following reasons:



  1. Learning opportunities – you can trade at FBS forex even if you do not know anything about trading because FBS forex will teach you everything you need to know.

  2. Promotions and bonuses – the broker rewards new customers with special deposit bonuses.

  3. Customer support – customer support is available through phone or chat or callback 24 hours per day and seven days per week in your native language. It also encourages social interaction via its accounts on twitter and facebook.

  4. Banking methods – FBS forex allows traders to make deposits and withdrawals through a wide range of local and international methods.

  5. Excellent trading conditions – you will find the best trading condition at FBS:



  • $1 minimum deposit

  • Leverage of up to 1:3000

  • Spreads from 0 pip

  • No requotes

  • Minimum order volume

  • Split second trade execution



Is FBS forex reliable forex broker?


South african traders and investors can trust FBS because it is well-regulated by the international financial services commission (IFSC), which makes sure that customers are provided a safe and secure trading environment.


The IFSC also contributes to the fast development and healthy growth of the market. It monitors investment firms to ensure that they comply with the regulatory and legislative framework. All this indicates that working with FBS is safe. Customers are well protected by international financial laws.


Getting started – different account types


FBS Forex different account types


To open a trader account at FBS.Com, you have to click on the open an account link. You can either register through your G+ or facebook account or by entering your name and email address.


FBS.Com offers several types of accounts, suitable for a variety of trading goals, skills, and requirements. All types of accounts, except ECN accounts, offer trading instruments such as 4 metals, 35 pairs of currencies, 4 cryptocurrencies, and 3 cfds. Also, islamic accounts or swap-free accounts are available for all account types, except ECN accounts.



  1. Standard account – these accounts feature $100 minimum deposit, $0 commission, and floating spreads from 0.5 pip.

  2. Cent account – these accounts feature $1 initial deposit, $0 commission, and floating spreads from 1 pip.

  3. Micro account – these accounts feature $5 initial deposit, $0 commission, and fixed spreads from 3 pips.

  4. Zero spread – the initial deposit is $500, the fixed spread is 0 pip, and the commission is $20 per lot.

  5. ECN account – open an ECN account on a minimum deposit of $1000. The commission is $6, the leverage is up to 1:500, and the floating spread starts from -1 pip.

  6. Copytrade platform – earn profits by copying the trades of professional traders. FBS copytrade is a social trading platform that enables investors to choose trading strategies, automatically copy them, and make huge profits without taking any risks. You can also allow others to copy your trades in exchange for a percentage of the commission.



Trading instruments


FBS Forex trading instruments


FBS.Com offers the following trading instruments:



  • Forex – trade currency pairs such as AUD/JPY, AUD/USD, AUD/CAD, and others.

  • Metals – trade metals such as platinum, palladium, gold, and silver.

  • Stocks – trade stocks of well-known companies such as amazon, coca-cola, google, mastercard, walmart, and tesla.

  • Cryptocurrencies – FBS offers bitcoin, litecoin, dash, and ethereum trading.

  • Cfds – trade cfds on WTI, DAX30, and BRN.



Trading platforms


FBS Forex trading platforms


You can choose from the following trading platforms at FBS.Com:


FBS trader


FBS trader is an app that offers unlimited opportunities. You can download it at the apple store or google play store. It is a powerful, but lightweight app that enables you to access your trades round the clock from your smartphone or tablet.


Though simpler, it is as good at metatrader, enabling clients to access international markets at any time they please. Traders can use more than 100 payment methods to make deposits and withdrawals. In addition, the best customer support is available round the clock.


Metatrader


This platform comes with the following features:



  • 41+ tools, cfds, futures, and currency pairs

  • Low spreads

  • Expert advisors (eas)

  • Single-click trading

  • News embedded

  • Access all platforms with one account

  • 50 charting tools and indicators

  • Hedging positions

  • 3 varieties of charts



The metatrader 4 platform is available for windows, android, ios, webtrader, mac OS, and multiterminal. The metatrader 5 platform is available for windows, android, ios, mac OS, and webtrader.


Payment methods at FBS.Com


Payment methods at FBS.com


You can use the following payment methods to load your account:



  • Visa

  • Sticpay

  • Neteller

  • Skrill

  • Perfect money

  • Local exchanges

  • Bitwallet



The above-mentioned methods can also be used to request payout. The commission varies from one method to the other and so does the withdrawal time frame.


7 promos & bonus offers at FBS


FBS bonus


FBS offers the following promotions and bonuses to create a lively trading environment:



  1. FBS traders parties – parties are fun-filled events, brimming over with luxury and social interaction.

  2. Get car from FBS – A number of clients have already won luxury cars at FBS forex. As long as you continue to actively trade, you stand the chance of winning a car.

  3. Welcome bonus – you can get started with a trade 100 bonus at FBS. The CFD & forex broker will give you a real account with $100 so that you can start trading. In addition, you will receive a set of educational materials, absolutely free.

  4. 100% deposit bonus – if you activate your 100% deposit bonus, you can trade with double the amount you deposited. To get your bonus, you have to register a new player account and make a deposit.

  5. Cashback – you can get cashback of up to $15 per lot.

  6. Leverage 1:3000 – FBS is the only broker that offers a leverage of 1:3000. To get this leverage, you have to open a zero spread or standard account. If you deposit $10, you can trade like as if you have $30,000.

  7. Partner bonus – the new partner bonus at FBS enables partners to add as much as $3000 to their monthly income. The bonus grows with the amount their clients deposit in their accounts and their trading volume.



To participate in the bonus program, you have to create a partner account and invite clients. Whenever one of their clients trades a lot, they will get a commission of up to $80. Every month, they can claim a bonus according to their performance.


Five unique features of FBS forex


FBS forex offers the following special services:



  1. Fix rate – thanks to this feature, FBS forex clients don’t have to worry about fluctuations in the exchange rate. They can always make deposits and withdrawals at fixed rates.

  2. Loyalty program – FBS rewards traders’ loyalty with gifts ranging from luxury cars to digital products. Whenever you trade on FBS forex, you will earn status points. Based on the number of points earned, clients will be assigned a status and awarded benefits. To become a member of the loyalty program, customers have to confirm their email and identity.

  3. VPS server – traders can get a VPS server free of charge and make eas work for them round the clock even if they are not online. This service comes with the following benefits:



  • Protection from interruptions in internet connection and power outages

  • Install any EA

  • Stable and fast connection

  • Operates 24/7



  1. Metatrader 4 multiterminal – the MT4 multiterminal enables partners to manage several client accounts at the same time. They can trade on their clients’ accounts, control open position statuses and pending orders, and receive news and quotes in real time.

  2. Analytics and education – new as well as professional traders can use a wide range of educational resources such as forex analytics, webinars, market analytics, forex education, and trader tools.



Customers can use tools such as currency converters, forex calculators, and economic calendars to trade better. The educational material includes a glossary, seminars, video tutorials, webinars, trader tips, forex guidebooks, and forex books.


FBS forex faqs


FBSForex FAQs


Q1: how is a demo account different from a live trading account?


A: clients can use a demo account to test trading strategies, learn forex trading, and test expert advisors (eas) for free. They can use virtual funds to trade under actual market conditions.


Q2: how many accounts can open at FBS?


A: you can open one account under each account type. To qualify to open as many as 10 accounts under each account type, traders have to verify their personal area, change their confirmation method from email to text message, and ensure that the total deposits in all their accounts in their personal area is at least $100 or more.


Q3: can I make deposits in ZAR?


A: yes, you can make deposits in ZAR, but the FX broker will convert your zars into EUR or USD according to the current rates on the exchange.


Q4: what trading strategies does FBS allow?


A: FBS does not impose any restrictions on trading strategies. You can use scalping, hedging, or automated trading with the assistance of eas.


Q5: who can join the loyalty program at FBS?


A: anybody can join the FBS loyalty program, provided they have a fully verified partner or trader account at FBS.


Conclusion – our opinion of FBS forex


Having traded at FBS forex for several days, we have developed an excellent opinion of FBS forex. The CFD & FX broker may not be regulated in south africa, but it accepts south african traders and allows them to make deposits in their home currency. The customer support is excellent. New players can use the free educational material to learn about trading and open demo accounts to perfect their skills.


FBS forex review

Trade Forex, CFDs, Stocks and Metals with honest broker, fbs forex nigeria.


FBS forex offers the following special services:



Trading


Upgrade your profit, trade with the best conditions!


Account comparsion



  • Floating spread from 1 pip

  • Fixed spread from 3 pips

  • Floating spread from 0,5 pip

  • Fixed spread 0 pip

  • Floating spread from -1 pip



  • Up to 1:1000

  • Up to 1:3000

  • Up to 1:3000

  • Up to 1:3000

  • Up to 1:500


Maximum open positions and pending orders



  • From 0,01 to 1 000 cent lots
    (with 0,01 step)

  • From 0,01 to 500 lots
    (with 0,01 step)

  • From 0,01 to 500 lots
    (with 0,01 step)

  • From 0,01 to 500 lots
    (with 0,01 step)

  • From 0,1 to 500 lots
    (with 0,1 step)



  • From 0,3 sec, STP

  • From 0,3 sec, STP

  • From 0,3 sec, STP

  • From 0,3 sec, STP

  • ECN


Account types, except ECN account, support the following trading instruments: 35 currency pairs, 4 metals, 6 CFD.


Frequently asked questions


What trading account should I choose?


FBS offers various account types designed to meet your needs, including cent , micro , standard , zero spread , and ECN accounts with unique trading conditions. For newbies who have no trading experience, we recommend opening a demo account first, and only after that a micro or cent account. For those who are not the first day in trading, we advise opening a standard account – a classic one. And for real professionals, we suggest a zero spread account or ECN account.


What is a trading account?


To start trading on forex, you must open an account. The primary purpose of trading accounts is to make transactions (open and close orders) with various financial instruments. The trading account is similar to the bank one – you use it to store, deposit, and withdraw money. However, deposits and withdrawals are available only after you verify your account.


What is forex trading?


Forex, also known as the foreign exchange market or FX market, is the world's most traded market, with a $5.1 trillion turnover per day. In simple words, forex trading is the process of converting one country's currency into the currency of another country, aiming to make a profit from the changes in its value.


Why is FBS the best broker for online trading?


FBS is a legitimate forex broker regulated by the international financial services commission, license IFSC/000102/124 , which makes it trustworthy and reliable. We offer our clients the best trading conditions on the market, including different bonuses, convenient trading tools such as CFD trading and stock trading among trading classic currency pairs , regular promotions , the most transparent affiliate commission up to $80 per lot, 24/7 customer support, and more.


How do I start trading?


First, it's really important to remember that becoming a successful trader isn't an overnight process. It takes time to become familiar with the markets, and there's a whole new vocabulary to learn. For this reason, legitimate brokers like FBS offer demo accounts. To open a demo account, you need to register first. After that, download trading software to open and close your first order.


Download trading platform


Metatrader 4



  • Download for windows

  • Download for ios in appstore

  • Download for android in googleplay

  • Start trading online

  • Download multiterminal

  • Download for mac os


Metatrader 5



  • Download for windows

  • Download for ios in appstore

  • Download for android in googleplay

  • Start trading online

  • Download for mac os


Deposit with your local payment systems


FBS at social media


Contact us



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The website is operated by FBS markets inc.; registration no. 119717; FBS markets inc is regulated by IFSC, license IFSC/000102/124; address: 2118, guava street, belize belama phase 1, belize


The service is not provided in the following countries: japan, USA, canada, UK, myanmar, brazil, malaysia, israel and the islamic republic of iran


Payment transactions are managed by НDС technologies ltd.; registration no. HE 370778; address: arch. Makariou III & vyronos, P. Lordos center, block B, office 203


For cooperation, please contact us via support@fbs.Com or +35 7251 23212.


Risk warning: before you start trading, you should completely understand the risks involved with the currency market and trading on margin, and you should be aware of your level of experience.


Any copying, reproduction, republication, as well as on the internet resources of any materials from this website is possible only upon written permission.


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FBS maintains a record of your data to run this website. By pressing the “accept” button, you agree to our privacy policy.


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Don’t waste your time – keep track of how NFP affects the US dollar and profit!


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FBS review


Finance brokerage services


FBS are forex brokers. FBS offers the metatrader 4, metatrader 5, and MT mobile forex online trading top platforms. FBS.Com offers over 30 forex pairs, stocks, gold, silver, other metals, and cfds for your personal investment and trading options.


FBS


Related websites of this company include F-B-S.Com, hotoption.Com and https://fbs.Ae/.


February 2011: the website appears to be blocked in the USA.


Other websites of this company include fibexch.Com, fbs.Ae, fbs.Id, fbsforex.Com, fbs.Cn, jpfbs.Com, esfbs.Com, ptfbs.Com, fbs.Ae, vnfbs.Com etc.


FBS


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Join live discussion of FBS.Com on our forum


FBS.Com profile provided by regina FBS, sep 5, 2019


FBS is an international broker with more than 190 countries of presence. 13 000 000 traders and 370 000 partners have already chosen FBS as their preferred forex company. We work since 2009 and provide fast and honest services.


Working with us is easy, convenient and, most of all, profitable. We are happy to offer exclusive terms unprecedented in the forex market.


To provide the best customer experience we organize seminars and special events, providing our clients with training materials, cutting-edge trading technologies and the latest strategies on the forex market. Both newbie and professional traders will find these sessions useful.


If you prefer to choose the best for yourself, FBS is just right for you. We even launched a COPYTRADE app which allows you to earn money both by copying a successful trader and by having people invest in your trading.


Once a client of FBS – always a client of FBS.
Www.Fbs.Com


Unique trading conditions for traders:
• minimal deposit of $1
• spread starting from -1 pip
• leverage up to 1:3000
• 35 currency pairs, 4 metals, 3 CFD
• split-second execution
• no requotes
• minimal order volume of 0.01 lot
• quotes precision of 0.00001
• trade with any advisors or strategies
• customer support in 15 languages
• deposits and withdrawals via visa/mastercard, wire transfer, neteller, skrill, perfect money, fasapay; local indonesian banks: bank central asia, mandiri, bank negara indonesia, bank rakyat indonesia, OCBC NISP; thai banks: krungthai bank, krungsri bank, siam commercial bank, kasikorn bank, bangkok bank; vietnamese bank: vietcombank. Lots of exchangers in different countries



Permanent promotions:
• $100 bonus - work out for more
• 100% bonus on each deposit
• cashback up to $7 per 1 lot


Loyalty program:
• VPS service
• guaranteed lucky T-shirt for a deposit of $500 or more
• guaranteed iphone X gift for a deposit of $5000 and 500 traded lots
• mercedes S-class for platinum status
• VIP membership



Partner program:
• $10 commission on EUR/USD
• monthly partner bonus up to $3000
• 3 levels of payments (15% from 2nd level partners and 5% from 3rd level partners)


Awards:
• best FX broker vietnam 2019
• most progressive broker europe 2019
• best FX broker europe 2019
• most promising broker 2018
• best forex broker asia 2018
• best investor education 2017
• best FX IB program





so, let's see, what we have: FBS is the best FX broker for online trading. It is simple and convenient to make a profit with FBS. It offers reliable services for earning on forex trading. At fbs forex nigeria

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