FBS Forex Pakistan
Forex trading is quite popular among the youths and seasoned traders in Pakistan. FBS Pakistan is one of the leading Forex broker in Pakistan. They have proved themselves as a truly global Forex broker. FBS Pakistan has a dedicated website for Pakistan Forex traders. As a special offer for Pakistan forex traders, they offer a no deposit bonus of $50 to start with. FBS complies with the standards set by IFSC and accepts traders from all over the world including Pakistan. You can trade with confidence in a safe and transparent trading environment with FBS Pakistan.
FBS offers MT4 and MT5 Forex trading platforms with built-in indicators. All these professional analysis tools and indicators are accessible to FBS Forex traders on multiple devices and on the web browsers. FBS Pakistan also supports the traders with Market Alerts, Forex News, Daily, and Weekly analysis. While trading with FBS Forex you can trade Forex pairs, Commodity CFD and Cryptocurrency CFD with the most competitive spread. The fund deposit and withdrawals to and from FBS account are quite simple and quick. These all features make FBS Forex broker the preferred Forex broker in Pakistan.
FBS Regulations and compliance
FBS is a legitimate broker with having registered Address: No.1 Orchid Garden Street, Belmopan, Belize, C.A.
It complies with the International Financial Services Commission (IFSC) with license number IFSC/60/230/TS/18. Although FBS claims to have clients from over 190 countries, it has not obtained a license in the majority of the countries. However, IFSC protects clients internationally and gives decisions in a professional and neutral way. The Pakistan financial regulators don’t forbid FBS Forex Broker from doing business in Pakistan. In fact, FBS Pakistan has many clients trading from Pakistan without any issue.
FBS doesn’t accept traders from Japan, USA, Canada, UK, Myanmar, Brazil, Malaysia, Israel and the Islamic Republic of Iran. If you are not from these countries, you can trade with FBS without any issue.
FBS Review - FBS Forex Broker Pakistan
How to deposit into the FBS Forex Trading Account?
FBS accepts multiple fund deposit and withdrawal methods, which include Credit cards, Debit cards, Skrill, and Neteller. However, some customers complain about transaction failure while depositing with Credit and Debit cards. Such transaction failures may happen due to restrictions from the bank on international transactions. But no need to worry. There are alternate safe and secure payment methods available with FBS Forex Pakistan. You can sign up for a Skrill or Neteller account, and get it verified by submitting your identification documents. After that, you can fund your Skrill or Neteller wallet. And deposit and withdraw funds from your Skrill or Neteller wallet.
Is FBS Forex legal in Pakistan?
Yes, Forex trading with FBS is legal in Pakistan. There are thousands of traders from Pakistan using the FBS Trading Platform for Forex trading. FBS offers MT4 and MT5 platforms to traders in Pakistan. You are free to choose from several account types including Swap Free Islamic Account. Check out more Forex brokers accepting clients from Pakistan on the Pakistan Forex Brokers page.
Why choose FBS Pakistan? The specialties of FBS Pakistan as a Forex Broker.
FBS Account Types
FBS Pakistan – Account Types
FBS Pakistan offers 6 account types of trading accounts to its traders, in addition to Free Demo Account and Swap-Free or Islamic Account. The traders with small or big capital can trade with FBS.
Cent Account and Micro Account
Cent Account of FBS requires an initial deposit of just $1. The traders who want to try Forex trading with the lowest amount of investment in Pakistan, can open a Cent Account and start trading. While writing this article a minimum deposit of $1 is equivalent to Pakistani Rupee Rs.185 is required for opening a Cent Account. Leverage up to 1:1000 is available for Cent Accounts.
Micro Account is also a low capital trading account. It requires a $5 initial deposit, or Rs.930 Pakistani rupees. The traders can use a leverage of 1:3000 in Micro Accounts. There are many smart Pakistani Forex traders who have successfully grown their Micro Accounts by making profits.
FBS Standard Accounts need an initial deposit of $100. This account is the common type of account most Forex traders in Pakistan use. The account has low spreads and a leverage of 1:3000. The leverage must be used wisely as it increases the potential profit and loss equally.
Zero Spread, ECN, and Crypto Accounts
Zero Spread Accounts
Zero Spread Accounts require a minimum of a $500 deposit and are mostly used by professional traders. The spread is fixed and starts from 0 pips. Hence, it is suitable for trading with the lowest costs and to make the most out of the Forex market. Zero Spread Accounts have 1:3000 leverage.
The ECN Accounts are best for professional traders who prefer fast execution speed and the lowest spread. ECN accounts need a $1000 initial deposit and are the best trading account solution for professional traders. The traders get 1:500 leverage and direct trading from the liquidity providers without any intervention from the broker. Hence, the accounts have a fast execution speed and low spread.
FBS brings Cryptocurrency trading to traders with small investment capital and without the need of having a Cryptocurrency wallet. Traders can trade Crypto in the FBS Crypto Account by making an initial deposit of $1 and start trading Cryptocurrencies with a low spread. Crypto trading spread starts from 1 pip only, which is one of the lowest in the industry.
Pros and Cons:
- MT4 and MT5 platform on robust servers.
- A dedicated website with support in Urdu.
- Quick deposit and withdrawal processing while accepting deposits via Money Exchange companies.
- Complies with IFSC vide license IFSC/60/230/TS/18;
- No deposit BONUS (Level Up Bonus) of $140.
- Free demo trading account with complete access to all features on the trading platform.
- Excellent support and personalized account manager with local language support.
FBS is one of the trusted brokers for Forex trading in Pakistan. They provide Forex CFD, Commodity CFD, and Cryptocurrency CFD trading in one single account. You can also avail Free Bonus of $140 called Level Up Bonus and start trading in real market conditions. FBS has got the best in the industry customers service. FBS offers quicker fund deposit and withdrawal processing for clients.