FBS Malaysia Forex Broker - Complete Information Guide

1. Broker Overview

　　FBS, officially known as FBS Markets Inc., was established in 2009 and is headquartered in Belize. The company operates as a private entity and serves a diverse clientele across more than 190 countries, including a significant presence in Malaysia. FBS has developed a strong reputation in the forex trading industry, having won numerous awards for its services, including recognition as the "Best Broker in Malaysia" at the Traders Fair & Gala Night in 2019.

　　The company has achieved several milestones since its inception, such as expanding its client base to over 27 million traders and receiving 90 international awards for its innovative services and trading conditions. FBS operates under a Straight Through Processing (STP) model, which means that it facilitates direct transactions between buyers and sellers without any interference, ensuring a transparent trading environment.

　　FBS offers a variety of trading services, including retail forex trading, contracts for difference (CFDs), and access to various financial instruments. The broker aims to provide traders with competitive trading conditions, user-friendly platforms, and a range of educational resources to enhance their trading experience. This comprehensive approach makes FBS Malaysia broker a viable option for both novice and experienced traders.

2. Regulation and Compliance Information

　　FBS is regulated by multiple financial authorities, which include:

• Cyprus Securities and Exchange Commission (CySEC), License No. 331/17
• Australian Securities and Investments Commission (ASIC), License No. 426359
• Financial Sector Conduct Authority (FSCA), License No. 50885
• International Financial Services Commission (IFSC), License No. 000102/460

　　The regulatory licenses held by FBS allow it to operate globally, providing a level of security and trust for its clients. However, it is important to note that FBS is not regulated in Malaysia by the Securities Commission of Malaysia (SCM). Malaysian traders are registered under the IFSC regulation, which has been criticized for being less stringent compared to other top-tier regulators.

　　FBS implements a robust client fund protection policy by maintaining segregated accounts. This ensures that client funds are not used for the brokers operational costs. Additionally, FBS is a member of an investor compensation fund, which provides financial protection to clients in case of insolvency. The broker adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures to ensure the integrity of its operations.

3. Trading Products and Services

　　FBS offers a diverse range of trading products, primarily focusing on forex trading. The broker provides access to:

• Currency Pairs: A total of 37 currency pairs, including major pairs such as EUR/USD, GBP/USD, and USD/JPY.
• CFDs: Traders can engage with CFDs across various categories, including indices, commodities, stocks, and cryptocurrencies. The selection includes 11 indices, 5 commodities, and over 100 cryptocurrency pairs.
• Special Products: FBS offers unique trading options such as Islamic accounts, which comply with Sharia law by avoiding interest charges on overnight positions.

　　FBS regularly updates its product offerings to meet the evolving needs of traders, ensuring that they have access to the latest market opportunities. The broker is particularly well-suited for retail traders, providing a user-friendly interface and a variety of educational resources.

4. Trading Platforms and Technology

　　FBS supports the widely used MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms, which are known for their reliability and comprehensive trading tools. These platforms are available for desktop, web, and mobile devices, catering to the diverse preferences of traders.

• MetaTrader 4: Offers a user-friendly interface with essential trading functionalities, making it suitable for both beginners and experienced traders.
• MetaTrader 5: An advanced version of MT4, MT5 includes additional features such as more technical indicators, improved charting capabilities, and support for algorithmic trading through the MQL5 programming language.

　　In addition to these platforms, FBS has developed its proprietary mobile application, FBS Trader, which allows traders to manage their accounts and execute trades on the go. This app is designed with a simple interface, making it accessible for novice traders while still providing essential tools for experienced users.

　　FBS employs a market execution model, ensuring that trades are executed at the best available market prices. The broker's servers are strategically located to provide fast execution speeds, which is crucial in the highly volatile forex market.

5. Account Types and Trading Conditions

　　FBS offers a variety of account types to cater to different trading styles and preferences:

• Cent Account: Minimum deposit of $1, with floating spreads starting from 1 pip.
• Micro Account: Requires a minimum deposit of $5, with fixed spreads starting from 3 pips.
• Standard Account: Minimum deposit of $100, offering floating spreads from 0.5 pips.
• 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, with variable spreads starting from 0 pips and a commission of $6 per lot.
• Crypto Account: Allows trading in cryptocurrencies with a minimum deposit of $1.

　　FBS provides high leverage options up to 1:3000, depending on the account type, which allows traders to amplify their positions. The minimum trade size starts from 0.01 lots, making it accessible for traders with limited capital. FBS does not charge inactivity fees, encouraging traders to maintain their accounts without the pressure of additional costs.

6. Fund Management

　　FBS offers various deposit and withdrawal methods to facilitate fund management for its clients in Malaysia:

• Deposit Methods: Options include bank transfers, credit/debit cards, and e-wallets such as Skrill and Neteller. The minimum deposit requirement varies by method, with e-wallets requiring a minimum of $10 and bank transfers starting at RM 80 (approximately $5).
• Withdrawal Methods: Clients can withdraw funds via credit/debit cards, bank transfers, and e-wallets. Withdrawal fees apply, with a fixed fee of $1 for card withdrawals and a 2% fee for e-wallet withdrawals. Processing times for withdrawals range from 15 minutes to 48 hours for e-wallets and 2 to 7 days for bank transfers.
• Fees: FBS does not charge deposit fees, but withdrawal fees can vary depending on the method used. Additionally, currency conversion fees may apply when depositing or withdrawing in MYR, as FBS accounts are denominated in USD or EUR.

7. Customer Support and Educational Resources

　　FBS provides comprehensive customer support to its clients through various channels:

• Live Chat: Available 24/7, offering quick responses to inquiries.
• Email Support: Clients can reach out via email, with responses typically provided within a few hours.
• No Phone Support: FBS does not offer local phone support in Malaysia, but clients can request a callback through live chat.

　　FBS also places a strong emphasis on education, providing a range of resources to help traders improve their skills. These include:

• Webinars: Regularly scheduled sessions covering various trading topics.
• Video Lessons: Short educational videos designed to explain key concepts in trading.
• Forex Guidebook: A comprehensive resource for traders at all levels, covering everything from basic concepts to advanced strategies.
• Market Analysis: Daily updates and analysis to keep traders informed about market movements.

8. Regional Coverage and Restrictions

　　FBS caters to a global market, accepting clients from more than 150 countries. However, there are certain regions where FBS does not operate, including:

• United States
• Canada
• United Kingdom
• Japan
• Israel
• Iran

　　FBS does not have a physical office in Malaysia, which may limit local support options. Clients from Malaysia are registered under the IFSC regulation in Belize, which has raised concerns about the level of legal protection available to them.

　　In summary, FBS Malaysia broker offers a comprehensive trading experience with a variety of account types, competitive trading conditions, and a strong focus on customer support and education. However, potential clients should be aware of the regulatory landscape and the associated risks when trading with an offshore broker.