FBS MALAYSIA Company

FBS Malaysia Forex Broker - Comprehensive Information Guide

1. Broker Overview

FBS, officially known as FBS Markets Inc., was established in 2009. The broker is headquartered in Belize, with additional offices in various countries, including Malaysia, Laos, South Africa, Thailand, Brazil, and Turkey. As a privately held company, FBS has rapidly grown to become a significant player in the global forex market, catering to a diverse clientele that includes retail traders, institutional investors, and clients from over 190 countries.

Since its inception, FBS has achieved numerous milestones, including winning over 90 international awards for its services, such as the "Best Forex Broker in Asia" and "Best Forex Broker in the Middle East." The company operates on a retail forex and CFD trading model, providing a platform for individual traders to access global financial markets.

FBS Malaysia broker is designed to meet the specific needs of Malaysian traders by offering user-friendly platforms, competitive trading conditions, and localized support. The broker's commitment to providing a comprehensive trading experience is evident in its diverse range of financial instruments and account types tailored to different trading strategies.

2. Regulation and Compliance Information

FBS operates under several regulatory authorities, including the International Financial Services Commission (IFSC) of Belize, the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC), and the Financial Sector Conduct Authority (FSCA) of South Africa. The licenses held by FBS are as follows:

• IFSC (Belize): License number 000102/460
• CySEC (Cyprus): License number 331/17
• ASIC (Australia): License number 426359
• FSCA (South Africa): License number 50885

While FBS is regulated in multiple jurisdictions, it is important to note that Malaysian traders are registered under the IFSC regulation. This means that while the broker adheres to international standards, the level of investor protection may not be as robust as that offered by top-tier regulators like ASIC or CySEC.

FBS implements strict measures for client fund protection, including segregating client deposits from its operational funds. The broker also participates in an investor compensation fund, which provides additional security for clients in case of insolvency. Furthermore, FBS complies with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, ensuring that all clients undergo identity verification to maintain a secure trading environment.

3. Trading Products and Services

FBS offers a wide array of trading products, primarily focusing on forex trading. Traders can access 28 currency pairs, including major, minor, and exotic pairs. In addition to forex, FBS provides Contracts for Difference (CFDs) on various asset classes, including:

• Indices: 11 index CFDs, such as the US30 and UK100.
• Commodities: 5 commodity CFDs, including gold and crude oil.
• Metals: 4 metal CFDs, covering precious metals like gold and silver.
• Stocks: Over 100 stock CFDs from major global companies.
• Cryptocurrencies: 5 cryptocurrency pairs, including Bitcoin and Ethereum.

FBS continuously updates its product offerings, ensuring that traders have access to the latest market trends and instruments. The broker primarily serves retail clients, providing tailored trading services that cater to both novice and experienced traders. While FBS does not currently offer passive investment options like PAMM accounts or copy trading, its robust trading environment allows traders to engage actively with the market.

4. Trading Platforms and Technology

FBS supports two of the most popular trading platforms in the industry: MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Both platforms are renowned for their user-friendly interfaces and comprehensive trading tools, making them suitable for traders of all experience levels.

• MetaTrader 4: Offers a wide range of technical indicators, charting tools, and automated trading capabilities through Expert Advisors (EAs).
• MetaTrader 5: Provides additional features, including more advanced analytical tools, a built-in economic calendar, and support for more order types.

In addition to MT4 and MT5, FBS has developed its proprietary mobile trading application, FBS Trader, which allows traders to manage their accounts and execute trades on the go. This app is designed to provide a seamless trading experience with real-time updates and easy access to market information.

FBS operates on a Straight Through Processing (STP) model, ensuring that orders are executed quickly and efficiently without any conflict of interest. The broker's infrastructure is supported by high-performance servers located in strategic locations, providing low latency and fast execution speeds.

FBS also offers an API for traders who wish to engage in algorithmic trading, enabling them to connect their trading systems directly to the broker's platform for enhanced trading opportunities.

5. Account Types and Trading Conditions

FBS provides a diverse range of account types to accommodate various trading styles and preferences. The primary account types available are:

• Cent Account: Minimum deposit of $1, with floating spreads starting from 1 pip and no commission.
• Micro Account: Requires a minimum deposit of $5, with fixed spreads starting from 3 pips and no commission.
• Standard Account: Minimum deposit of $100, offering floating spreads starting from 0.5 pips and no commission.
• Zero Spread Account: Requires a minimum deposit of $500, with fixed spreads at 0 pips and a commission of $20 per lot.
• ECN Account: Minimum deposit of $1,000, offering floating spreads starting from -1 pip and a commission of $6 per lot.
• Crypto Account: Minimum deposit of $1, with floating spreads starting from 1 pip and a commission of 0.05% on each trade.

All account types, except for the ECN account, can be converted into Islamic accounts, which are swap-free and comply with Islamic finance principles. FBS offers high leverage options, up to 1:3000, allowing traders to amplify their positions significantly. However, it is essential for traders to exercise caution when using high leverage, as it can lead to increased risk.

6. Fund Management

FBS supports a variety of deposit and withdrawal methods to facilitate easy fund management for its clients in Malaysia. The available deposit methods include:

• Bank Transfers: Local and international transfers are accepted.
• Credit/Debit Cards: Instant deposits are available with no fees.
• E-wallets: Options like Neteller, Skrill, and Sticpay are supported, with instant deposits but varying fees for withdrawals.

The minimum deposit requirements differ by account type, with the Cent account starting at $1 and the ECN account requiring a minimum of $1,000. Deposits made in Malaysian Ringgit (MYR) will be converted to either USD or EUR at the prevailing exchange rate, which may incur conversion fees.

Withdrawal methods include bank transfers, credit/debit cards, and e-wallets. Withdrawal processing times vary based on the method used, with e-wallet withdrawals typically processed within 15-20 minutes, while bank transfers may take up to 48 hours. FBS charges a withdrawal fee of $1 for card transactions and a percentage fee for e-wallet withdrawals, which can make trading with them relatively expensive.

7. Customer Support and Educational Resources

FBS provides comprehensive customer support to its clients, available 24/7 through various channels, including live chat, email, and social media platforms like WhatsApp and Telegram. The support team is multilingual, catering to a diverse clientele and ensuring that traders can receive assistance in their preferred language.

In addition to customer support, FBS offers a range of educational resources designed to help traders improve their skills and market knowledge. These resources include:

• Webinars: Regular online seminars covering various trading topics.
• Video Lessons: Short educational videos explaining different aspects of trading.
• Forex Guidebook: A comprehensive guide covering everything from basic to advanced trading strategies.
• Market Analysis: Daily updates and insights into market trends and economic events.

These educational materials are beneficial for both novice and experienced traders, providing valuable insights to enhance their trading strategies.

8. Regional Coverage and Restrictions

FBS serves a broad market, accepting clients from over 150 countries, including Malaysia. However, it is essential to note that FBS does not have a local office in Malaysia, and the broker operates under the regulations of the IFSC in Belize. As a result, Malaysian traders should be aware of the potential risks associated with trading under offshore regulations.

Certain countries are restricted from opening accounts with FBS, including the United States, the United Kingdom, Canada, and several others. Traders should ensure they are eligible to trade with FBS and understand the implications of trading with an offshore broker.

In summary, FBS Malaysia broker offers a comprehensive trading environment with a variety of account types, competitive trading conditions, and robust educational resources. However, potential clients should carefully consider the regulatory environment and associated risks before engaging in trading activities.