FB SECURITIES Forex Broker

FB SECURITIES Review Summary Registered Country/Region United Kingdom Regulation No Regulation Market Instruments Forex(60+ currency pairs), CFDs, Commodities(Energy, Agriculture, Metals), Indices Demo Account N/A Leverage 1:30 (Maximum) Spread from 1.1 pips (Standard), from 0.1 pips (VIP) Commission No (Standard), $10 per lot (VIP) Trading Platform MT4 Minimum Deposit $1,000 Customer Support 24/5(GMT)- Email: cs@fbsecurities.com, Tel: +024-31398888 Regional Restrictions United States of America, Canada, Israel, Iran, and North Korea (Democratic People's Republic of Korea) Company Address No.1210, Building B Kaisa Group, Qingnian Avenue Shenhe District, Shenyang, Liaoning China What Is FB SECURITIES？ FB Securities is a brokerage service provider purportedly registered in the United Kingdom, although its company address is located in China. It currently holds no regulations. Pros & Cons Pros Cons MT4 Supported No Regulation Competitive Spread High Minimum Deposit Strict Regional Restrictions Relatively Conservative Leverage Pros: MT4 Supported: The support for the MetaTrader 4 (MT4) platform allows traders to access advanced trading tools, indicators, and automated trading strategies. Competitive Spread: The brokerage provides competitive spreads, starting from 1.1 pips for standard accounts and as low as 0.1 pips for VIP accounts, making trading more cost-effective. Cons: No Regulation: FB SECURITIES operates without regulatory oversight, which may raise concerns about the safety and security of client funds and trading practices. High Minimum Deposit: The minimum deposit requirement of $1,000 for standard accounts and $10,000 for VIP accounts may be prohibitive for some traders, especially those with smaller capital. Strict Regional Restrictions: The company may impose strict regional restrictions, limiting access to its services based on geographical location, potentially excluding traders from certain regions. Relatively Conservative Leverage: FB SECURITIES offers a maximum leverage of 1:30, which can somewhat limit the profits. Is FB SECURITIES Safe or Scam？ Regulatory Sight: FB SECURITIES is currently functioning without any regulation, meaning it does not fall under the supervision of any financial regulatory bodies and does not possess any licenses to operate in the financial market. The absence of any such oversight raises concerns about the firms adherence to financial standards and regulations, increasing the risk for investors. Issues Reported: Users have reported issues related to withdrawal difficulties, including delays in processing withdrawal requests, inability to access funds, and allegations of fraudulent practices. Some users have expressed frustration over the lack of communication and support from the company when attempting to resolve these issues. Additionally, there are complaints about the absence of proper channels for addressing withdrawal concerns, leading to distrust and dissatisfaction among investors. Security Measures: So far we haven't found any information about the security measures for this broker. Market Instruments Forex: Over 60 currency pairs are available for trading, providing access to major, minor, and exotic currency pairs. CFDs: Contracts for Difference (CFDs) allow traders to speculate on the price movements of various financial instruments without owning the underlying asset. Commodities: FB SECURITIES provides trading opportunities in a variety of commodities, including energy, agriculture, and metals. Indices: Traders can also access a selection of global stock market indices, allowing them to trade on the performance of entire markets or specific sectors. Account Types FB SECURITIES offers two main types of trading accounts: Standard and VIP. Both account types come with a stop-out level of 30%, VPS Service, and support for the MQL4 Programming Language. Standard Account: Requires a minimum deposit of $1,000 and is suitable for Discretionary Traders who prefer to make manual trading decisions based on their analysis and judgment. VIP Account: Requires a minimum deposit of $10,000 and is tailored for EAs & Scalpers, referring to traders who utilize expert advisors (EAs) or employ scalping strategies. Leverage FB SECURITIES provides a maximum leverage of 1:30, which is relatively conservative compared to some other brokers in the industry. This means that traders can amplify their positions up to 30 times the amount of their capital, allowing for potentially higher returns on investment while also limiting potential losses. Spread & Commission FB SECURITIES offers competitive spreads to its clients, with Standard accounts starting from 1.1 pips and VIP accounts from 0.1 pips. The tighter spreads available to VIP account holders come with a commission fee of $10 per trade, while Standard account holders do not incur commission charges. Trading Platform FB SECURITIES offers its clients access to the MetaTrader 4 platform, a widely recognized and trusted trading platform in the industry. This platform allows users to execute trades, analyze markets, and manage their accounts efficiently. Users have the flexibility to access the platform directly from a web browser, making it convenient for trading on the go. Additionally, the MetaTrader 4 platform is available for desktop users who prefer a more comprehensive trading experience. It also supports mobile trading, enabling users to trade seamlessly from their Android or iOS devices, providing flexibility and accessibility to the markets anytime, anywhere. Customer Support FB SECURITIES provides customer support services to its clients during market hours, from Monday to Friday, in the GMT timezone. Clients can reach out to the support team via email at cs@fbsecurities.com or by phone at +024-31398888. Conclusion FB SECURITIES is a company with a business focus on brokerage, which provides competitive spreads and supports MT4. However, the minimum deposit is high, combined with its non-regulated status, we do not recommend users to trade with this company. Frequently Asked Questions (FAQs) Q: What is the minimum deposit of FB SECURITIES？ A: The minimum deposit required is $1,000. Q: What is the highest leverage users can trade at？ A: The highest leverage offered is 1:30. Q: What is the lowest spread offered by FB SECURITIES？ A: The lowest spread offered is 0.1 pips. Q: Can I call them on weekends？ A: No, you can't. Its customer service is only available on weekdays. Q: Is FB SECURITIES regulated or not？ A: No, it is not regulated. Risk Warning Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.