FBS Mobile Trading App Review
FBS is one of the older brokers. Established in 2009, it has grown into a mainstay of the online trading/CFD scene. It is present in 150 countries, and it has entered into partnerships with some of the world’s top football clubs.
- It is the main partner of Leicester City.
- It acts as the official trading partner of FC Barcelona.
FBS has earned many accolades and industry awards. Thus far, more than 17 million clients worldwide thought FBS worthy of their trust.
- In 2018, the brokerage won the Most Transparent Forex Broker Award.
- In 2017, it picked up an award for its exhaustive and well-put-together education section.
- In 2016, its outstanding customer service earned it another award.
- Overall, the broker can boast 60 international industry recognitions.
What are FBS’ strengths besides experience and a good reputation?
- The broker is a regulated entity that can operate legally in most global jurisdictions.
- It offers its clients negative balance protection.
- It takes input from the client to decide the former’s level of Forex trading experience. It then only lets clients create account types that suit their expertise.
- FBS offers 24/7 client support in a wide range of languages.
- The broker has implemented a rich selection of trading tools and features that give users full control over their trading accounts.
FBS signs up more than 7,000 real traders every day.
The broker’s support staff solves a client’s request for assistance every 30 seconds. The average response time of the FBS support is 30 seconds.
The broker’s client retention is impressive. Over 80 percent of its traders decide to continue using FBS’ services after their first contact.
Although there are risks involved in online trading, many of FBS’ traders are profitable. According to the official site of the broker, a client makes a profit withdrawal every 20 seconds.
What do people like about FBS? The majority of user reviews at portals like Trustpilot are positive.
- The live chat support of the broker is popular with many clients.
- FBS maintains a Telegram channel, where its in-house pros offer technical and fundamental analysis that many users appreciate.
- Many feedback providers say that they never had problems withdrawing their profits from FBS.
- The education section of the website is popular as well. Traders seem to love FBS’ webinars.
The negative feedback tends to focus on real or alleged withdrawal problems.
FBS is a regulated broker with licenses from the IFSC of Belize and Cyprus’ CySEC.
The Strengths of the FBS Mobile Trading App
FBS’ trading platform is proprietary, and the same goes for the mobile version, which is available for free for Android and IOS-based mobile devices only.
The main selling point of the FBS mobile platform is simplicity. The broker claims that its trading platform is as powerful as MT4 but much simpler. Why would you want to trade through this proprietary platform?
- The FBS mobile platform offers access to a wide selection of the most traded instruments.
- The mobile platform covers Forex trading, metals, and other commodities, as well as a special selection of cryptocurrency-based CFDs.
- The app is easy on the eyes and graphically pleasing. It is also highly functional.
- FBS’ mobile app lets traders manage their orders and account settings easily.
- Traders can also use the app for technical and fundamental analysis on the go.
- The app takes up a little more than 10 MB of space, and traders can download/install it within a few seconds.
- FBS’ mobile app supports Take Profits and Stop Losses.
Traders can use the mobile platform to make instant deposits and withdrawals through all the methods the broker supports, such as:
- Neteller
- Wire transfers
- Skrill
- Bank cards
Special Features
The technical analysis features of the mobile platform are simple and impressive. As soon as you start up the app, it offers to take you through its features step-by-step while giving you access to excellent educational material for beginners and pros.
Through the mobile app, active traders can access a handy economic calendar. By using this calendar, they can do some fundamental analysis and stay on top of tradable real-world events as they unfold. The calendar supports filters through which you can select the economic events that present interest to you.
The interface of the calendar offers valuable real time market data and forecasted impact of the event on trading instruments and currency prices.
The mobile app is available in Demo mode. This mode lets traders test all of its features, providing 10,000 units of virtual currency for trading.
Conclusion
FBS is excellent for mobile trading. Its mobile trading app may be proprietary, and it may not have the clout or reputation of MT4, but it works well and is great for technical and fundamental analysis.
The broker is regulated, and its reputation among traders is good. The selection of “legacy” tradable assets on the platform is good. But when it comes to trading cryptocurrency-based CFDs, FBS is second to none.
