FBS Forex Botswana Review
FBS Forex Botswana is indeed rolling as a famous name in this foreign exchange industry since its start. This widely popular brokerage firm was founded back in 2009, and it’s been operating globally since then. This broker was entitled as well as awarded some numerous achievements over time.
Besides, FBS Botswana Broker was not always meant to be a Cyprus-based brokerage as it was first fabricated only in Belize. Therefore, the expansion was a pretty necessary initiative to enjoy the intelligent and secure trading environment of FBS.
Despite having a HUGE pack of features, this brokerage firm complies with regulators and offers many practical trading tools. Check out the list of Best Forex Brokers in Botswana and select the Forex Broker you like.
FBS Botswana – Trading Conditions
FBS Botswana offers 4 types of trading accounts categorized specifically to choose suitable trading accounts for themselves.
However, the account types usually like this:
- Cent Accounts
- The Standard Accounts
- Fix spread Accounts
- The ECN Accounts
Now Let’s get a closer look at those accounts:
To begin with, CENT ACCOUNTS is designed specifically for beginners who are familiar with the most volatile markets so far.
Only 1 USD deposit is required in the online account. At the same time, they will be given a relatively low spread of 0.1 pips. Also, no additional commission is required on the centenary account. And then, the time has come for standard trading accounts to become effective because they are only designed for certain traders in the new and experienced class.
The deposit required here is $ 100 with a spread of 0.5 pips and a leverage rate of 1: 300. Most importantly, you don’t have to pay any extra commission like cent account. You’re moving into fixed spread accounts, also known as “Zero Spread Accounts” because it offers a spread rate of 0.0 pips.
This is why it charges a commission fee of $ 20. In addition, the minimum deposit amount is $ 500, which is required to use the account. And for ECN trading accounts, well, it’s only for expert market statistics whose primary purpose is to trade on a long-term basis.
The deposit required for ECN is $ 1000 with a commission fee of only $ 6, which is relatively low compared to other brokers.
Not only this, with the help of ECN you can get leverage ratio of 1: 5000.
After all, FBS prioritizes market performance over instant performance through the NDD (Non-Dealing Desk) process.
FBS is not only known worldwide for its safe and secure trading environment. There is more to it than meets the eye! They also offer a wide range of market resources for trading other than cryptocurrency which is undoubtedly a significant flaw. But on the bright side, render:
- Metals: Availability of precious metals, including Silver, gold, platinum.
- Indices: You’ll be able to trade on a wide range of indexes, including the HUGELY popular NASDAQ.
- Forex: You’ll be eligible to trade on more than 29 currency pairs, including 16 exotic pairs.
- Energies: Availability of hugely traded energies like Brent crude oil, WTI.
- Stocks: You’ll be able to experience up to 40 significant company shares.
Note: Due to diverse legal statics FBS doesn’t allow traders to trade on cryptocurrencies, especially BTC.
FBS Review Botswana – Regulation
When it comes to regulations and licenses, FBS has what it takes. More precisely, they can outperform their competitors in terms of legitimacy. Ongoing, FBS is regulated by two of the toughest regulatory firms in the entire business sector.
FBS Forex Botswana Regulation Details:
The EU division is regulated by CySEC (Cyprus Securities and Exchange Commission). The global division is regulated by the IFSC (International Financial Services Commission of Belize)
FBS also provides negative balance protection in the EU region, proving a huge advantage for retail market traders.
Note: FBS does not accept any clients from USA; Instead, if you are from other Asian and European countries, you can go.
FBS Forex Botswana is considered one of the strongest and most secure foreign brokerages and is widely known for offering a wide range of trading opportunities with multiple trading platforms.
As an NDD (non-dealing desk) brokerage, FBS not only executes orders quickly but also renders the two most used trading platforms, none other than
- MetaTrader 4
FBS’s MT4 trading platform is highly customizable and available for both PC and mobile devices. The platform includes a very wide range of trading indicators and charts, EA availability, one-click performance, personal VPS and much more!
Moving on to FBS’s MT5 trading platform, well, this is a much more updated version than the previous MT4. As a result, trading tools and UI customizations are also at the forefront.
The platform is very versatile, and that is why traders of different trading methods will also be fans of it.
Outside the hood, the platform has deeper market views, more technical indicators and trading charts than MT4. Also, hedges and nuts are available. Finally, you’ll get more time frames, including order types.
Note: FBS Botswana provides a web trading version for both MT4 and MT5 trading platforms so that traders do not have to go through an unnecessary installation process.
FBS Review Botswana – Mobile Trading
FBS Botswana has opened the door to new possibilities for mobile trading apps. How?
The CEO of FBS has confirmed that they will provide a personalized trading app that will go with their other trading apps called “FBS Trader”. Also, they offer both MT4 and MT5 online trading platforms in their mobile trading app.
The trading app is loaded with nice and functional trading features, including a number of trading indicators, technical analysis, one-touch execution, time frame, copy trading, social trading, economic calendar and much more!
In addition, FBS’s mobile trading app comes with a multi-language support with a user-friendly and easy-to-use interface.
Bonus & Promotion
There are some myths about forex trading that need to be properly disclosed. For example, a broker is considered a scam if it offers certain trading bonuses and promotions to traders.
Going beyond all people, traders know that FBS is a trusted name for a reasonable period of time. And yes, they do offer trading bonuses, including sign up bonuses to new traders.
So, if you want to get one of these, sign up for an account on FBS and get a $ 100 Welcome Bonus.
Note: Although FBS offers a welcome bonus for certain traders, you will not receive any referral bonuses from them.
FBS is well aware that providing multiple transaction methods is quite significant.
Thus, they offer a very wide range of transaction methods including bank wire transfers, compliance (available only in the EU), Visa, MasterCard, Neteller, Skrill, etc.
Besides that, the required minimal deposit amount of FBS (EU branch) goes like this,
- For the cent accounts: €10
- For the standard accounts: €100
On the other hand, in global accounts, the minimum deposit starts from 1, which is required for a cent account. Similarly,, 5, $ 100, $ 500, and $ 1000 are required for Micro, Standard, Zero Spread and ECN accounts.
Although the brokerage offers instant deposits, the withdrawal process can sometimes become quite whimsical as it takes more than 48 hours to proceed.
FBS Broker Review Botswana – Customer Support
Reliable customer support is a must for a brokerage company to stay on top of the competition. With that in mind, FBS has also developed a 24/7 superactive customer support protocol.
It is a live chat system and can be accessed via phone and email communication. And that’s not all. Their customer support comes with multi-language support, including English, Spanish, Portuguese, German, Italian and French.
Here is the contact info, in case you might need to contact them:
- Phone number: +357 25313540
- Email address: firstname.lastname@example.org
FBS Broker – Research & Education
At the same time Forex learning materials are a great way to find your way through this turmoil in the volatile trading industry.
Since it can help you stay up to date with many things. Respecting the importance of educational materials, FBS is committed to providing a functional and diverse learning center.
Where you will find many webinars, blog posts, analytics, trading tips, guide books, video tutorials and more! It is built using a well-organized and user-friendly perspective.
So, newcomers can keep up with what’s going on!
Not only that, for the purpose of exclusive research, you will be given access to Forex calculators along with the economic calendar.
FBS Forex Botswana Review – Conclusion
FBS Forex Botswana is a good choice for every Botswana client looking for a reliable broker to open an account with. Not only will you be able to customize your trading experience to your liking but you will also find a choice between attractive terms and promotional offers and a few highly effective trading platforms. And all this while trading with an established, international brand. Don’t hesitate to check out FBS Botswana immediately and see what they have to offer on a demo account – this broker is definitely a good choice for Forex trading in Botswana.
Low fees, low cost?
We have described this in detail in our FBS Fee article.
What about the minimum deposit?
Our final guidelines for FBS Minimum Deposit are regularly updated.
How to start your FBS account?
Don’t look at anything other than our assessment of opening an FBS account.
How is their trading app?
Here is our expert point of view after checking out the FBS trading app.
Is the quality of customer service satisfactory?
All you just need to know about FBS customer service.
Legitimate or scandalous?
To see if a broker is safe and valid, you need to look at all the key aspects of FBS valid.
Free or premium? Or both?
Take a look at the actual cost and whether FBS is really free.
Is this broker good for beginners?
We tested it to see if FBS is good for beginners.
What is the minimum account balance in FBS?
See the current account balance requirements on FBS, what is the minimum account balance in our FBS article.
Looking for commission and fee data for FBS?
We collected them on FBS commissions and ribbons.
How do you withdraw money from FBS?
We tested it and collected options and costs on how to raise money on FBS.