FBS is a broker that supports efficient trading lifestyles through comprehensive solutions and competitive pricing via a flexible retail account. FBS offers leverage of up to 1:3000 to Brazilians and market execution from 0.01 seconds.
- Maryke Myburgh
Jump to:
Overview
Regulation and Safety of Funds
Awards and Recognition
Account Types and Features
Account Registration
Broker Comparison
Trading Platforms
Range of Markets
Fees
Deposit and Withdrawels
Education and Research
Bonuses and Promotions
Affiliate Programs
Customer Support
Social Responsibility
Final Verdict
Pros and Cons
FAQ
Min Deposit
USD 5
Regulators
IFSC, FSCA, ASIC, CySEC
Trading Desk
MT4, MT5
Crypto
Yes
Total Pairs
36
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Overview
We recently monitored the developments of various Forex brokers for the Colombian market, and FBS stood out significantly. FBS has grown tremendously since its inception in 2009, now serving a sizable international community.
FBS has emerged as a market leader, with traders and partners from over 150 countries. FBS distinguishes itself from other brokers because of its size and commitment to meeting the diverse needs of its clients, including those based in Colombia.
One significant advantage of FBS is its inclusivity, which attracts diverse trading communities. For example, it ensures Muslim traders’ trading methods adhere to Islamic teachings by offering swap-free accounts.
FBS offers competitive trading conditions and committed localized support. New and experienced traders prefer the broker because it provides commission-free trading and charges floating spreads as low as 0.9 pips.
The ease of cash withdrawal, including local exchangers and various payment methods, demonstrates FBS’ ability to meet local market demands. FBS has received numerous awards over the years for its dependability and commitment to providing superior service.
According to our research, FBS won the coveted title of Best Forex Broker in Africa in 2023. It has also received recognition for its well-known Introducing Broker (IB) Program, which is regarded globally.
According to our observations, FBS is an excellent choice due to its tailored services, simple transaction procedures, and encouraging environment that recognizes and respects a region’s distinct cultural and economic characteristics.
Will FBS brokers accept traders from Colombia as trading clients?
Yes, traders in Colombia can sign up with FBS to use their services.
What kind of spreads can Colombian traders anticipate from FBS?
FBS provides competitive floating spreads starting from 0.7 pips.
FBS Review At a Glance
| 🗓Established Year | 2009 |
| 🪪Regulation and Licenses | IFSC, CySEC, ASIC, FSCA |
| 🌟Ease of Use Rating | 4/5 |
| 💰Bonuses | None |
| ⏰Support Hours | 24/7 |
| 📊Trading Platforms | MetaTrader 4, MetaTrader 5, FBS Trader |
| 📈Account Types | Retail, Demo, Islamic |
| 💸Base Currencies | USD, EUR |
| 📊Spreads | 0.7 pips |
| 📈Leverage | 1:3000 |
| 💳Currency Pairs | 71 |
| 💰Minimum Deposit | 19,000 COP ($5) |
| 💸Inactivity Fee | None |
| 🗣Website Languages | English, German, Spanish, French, Italian, Portuguese, Malay, Ghanaian, Turkish, Korean, and others |
| ⚖️Fees and Commissions | Spreads from 0.7 pips, commission-free |
| 📚Affiliate Program | Yes |
| 🏛️Banned Countries | Japan, United States, Canada, United Kingdom, Myanmar, Brazil, Israel, the Islamic Republic of Iran |
| 💻Scalping | Yes |
| 🔎Hedging | Yes |
| ✴️Trading Instruments | Forex, Precious Metals, Indices, Energies, Stocks, Crypto CFDs |
| 👉 Open Account | Open Account |
Regulation and Safety of Funds
FBS Regulation in Colombia
FBS is not regulated by Colombia’s Superintendencia Financiera de Colombia or “SFC” (Financial Superintendence of Colombia). However, FBS’ global regulations are tabled below.
FBS Global Regulations
| 🔑Registered Entity | 🌎Country of Registration | 🖋️Company Reg. | 🚨Regulatory Entity | 📌Tier | 🔢License Number/Ref |
| FBS Markets, Inc. | Belize | – | IFSC | 3 | 000102/460 |
| Tradestone Ltd | Cyprus | 353534 | CySEC | 2 | 331/17 |
| Intelligent Financial Markets Pty Ltd | Australia | ABN 48 155 185 014 | ASIC | 1 | 426359 |
| Trade Stone SA (PTY) LTD | South Africa | 2018/514734/07 | FSCA | 2 | FSP 50885 |
FBS Protection of Client Funds
| 🛡️Security Measure | 🖺Information |
| Segregated Accounts | Yes |
| Compensation Fund Member | Yes |
| Compensation Amount | 20,000 EUR or 90% of the claim |
| SSL Certificate | Yes |
| 2FA (Where Applicable) | Yes |
| Privacy Policy in Place | Yes |
| Risk Warning Provided | Yes |
| Negative Balance Protection | Yes |
| Guaranteed Stop-Loss Orders | No |
Does Colombia’s Superintendencia Financiera de Colombia or Financial Superintendence of Colombia (SFC) oversee the company’s activities in the country?
No, the Superintendencia Financiera de Colombia (SFC) does not oversee FBS’ operations in Colombia, but the company is subject to global IFSC, CySEC, ASIC, and FSCA regulations.
What does FBS do with the funds in my account?
FBS keeps your money in segregated accounts where they have no access to it.
FBS Awards and Recognition
On the FBS website are several awards that FBS has won since 2009. The latest awards we found are:
- Best Forex Broker in Africa 2023 by World Business Outlook.
- Best Forex Broker South Africa 2023 award from Traders Fair & Awards.
- FxScouts’ Top Trading Account for Beginners 2023 award.
- Best Financial Broker of 2022-2023 at the Investment Summit in Upper Egypt.
- The Most Reliable Forex Broker 2023 by the International Finance Expo.
- World Business Outlook named FBS’s Introducing Broker Program the Best IB Program Globally for 2023.
- The World Business Outlook and Global Brands Magazine Awards applauded FBS’s responsive and multilingual customer support in Southeast Asia and Latin America.
FBS Account Types and Features
FBS gives Colombians a competitive advantage in dynamic markets by offering competitive trading conditions on a single account. This versatile retail account caters to most traders’ needs and preferences.
Let us look at account features and the options available to Colombians:
| Retail Account | |
| ⚖️Availability | All traders |
| 📈Markets | Forex, Metals, Indices, Energies, Stock CFDs, Crypto CFDs |
| 💳Commissions | None; only the spread is charged |
| 💻Platforms | MetaTrader 4, MetaTrader 5, FBS Trader |
| 📊Trade Size | From 0.01 lots – 500 lots |
| 📈Leverage | 1:3000 (Forex major pairs) |
| 💰Minimum Deposit | 19,000 COP ($5) |
FBS Retail Account
The FBS Retail Account is an excellent choice for new Forex traders in Colombia.
One of its best features is that opening this account only requires a $5 (19,000 COP) deposit. Because of the low minimum investment, anyone who wants to try trading without taking on significant risk can do so.
The account has competitive floating spreads that begin at just 0.7 pips, allowing Colombians to keep their trading costs to a minimum when trading major currency pairs. The FBS Retail Account allows for leverage of up to 1:3000 on major forex pairs.
Because the Forex market moves quickly, timely execution is critical. Furthermore, with up to 500 open positions and 200 pending orders, the account allows traders to experiment with different trading strategies.
Deals on the FBS Retail Account are executed consistently and quickly; some claim that market execution takes as little as 0.01 seconds. Colombian traders can confidently use the FBS Retail Account since it has no commission fees and is compatible with MetaTrader 4 and MetaTrader 5.
FBS Professional Account
The FBS Professional Account serves more experienced traders who need more advanced features and tighter spreads. Professional traders may also be keener to deposit the minimum $200 (774,000 COP) required to use FBS’s advanced trading strategies.
The Professional Account gives traders leverage up to 1:3000, allowing maximum potential profit. Another outstanding feature of the Professional Account is the Virtual Private Server (VPS), which ensures continuous trading, especially for automated trading systems users.
With this account, traders can freely diversify their portfolios across various trading assets, such as Forex, equities, indices, and commodities. Professional traders also benefit from dedicated customer service, a personal account manager, and customized assistance.
FBS Demo Account
The FBS demo account is intended for both new and experienced traders, and it allows Colombian traders to practice trading strategies with virtual funds without risking any money.
The versatility of the FBS demo account is, in our opinion, one of its best features. You can update the virtual balance to reflect the actual amount you invested. This increases the practice experience’s relevance and utility to Colombian traders.
Setting up a demo account with FBS was simple, with options for trading platforms (MT4 or MT5), account currency, and virtual balance.
Furthermore, the account provides access to all live account markets and assets, including forex, metals, and indexes, providing a comprehensive market overview.
Colombian traders can use the FBS demo account to hone their skills, develop winning strategies, and build confidence because of the realistic trading environment and real-time market data.
When we tested this account, we liked how the demo account is available for 45 to 90 days, giving traders enough time to familiarize themselves with the platform and market conditions.
FBS Islamic Account
To ensure Sharia compliance, FBS created an Islamic account that is specifically tailored to the needs of Muslim traders in Colombia. It follows Islamic finance standards by not charging overnight interest, so it is swap-free.
Beginning at 1 pip, it provides competitive floating spreads market execution in less than 0.3 seconds, and traders can manage risk with leverage options ranging from 1:30 to 1:500.
Colombian traders can explore a wide range of markets and trading styles, from cautious to aggressive, with platforms like MetaTrader 4 and MetaTrader 5. They have access to more than 60 trading instruments.
Beyond religious observance, the FBS Islamic account promotes inclusivity in trading.
Do you need to deposit a large amount of money before you can trade with FBS in Colombia?
No, you can start trading on the normal FBS retail account with a minimum deposit of only $5 (19,000 COP).
Which markets can Colombian traders access on their FBS accounts?
Colombian traders can trade indices, forex, metals, and other markets on their FBS accounts.
FBS Account Registration
FBS has a straightforward registration process, and when we registered an account, we followed these steps:
Step 1 – Visit the official website of FBS.
You can start your trading journey by visiting FBS’s official website, ensuring you are on an authentic platform to protect your financial interests.
Step 2 – Click on the Open Account button
FBS now offers everyone an all-in-one Standard trading account that works well for traders of all levels.
Once you click Open account, the account customization window will open.
Step 3 – Set-Up Account
On this screen, you will be able to choose the following options for your new trading account.
Can Colombian traders register with FBS with their Google or Facebook credentials?
Yes, Colombian traders can use their Google or Facebook account information to register with FBS; it is a quicker process than starting afresh.
Do you need any documents when registering an FBS account online from Colombia?
Yes, to verify your credentials for an FBS account, Colombian traders must upload a copy of their government-issued ID and proof of domicile, such as a bank statement or utility bill.
FBS Broker Comparison
| 🥇 FBS | 🥇 CMTrading | 🥇 Exness | |
| 🗺️ Regulatation | IFSC, CySEC, ASIC, FSCA | FSA, FSCA | FSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA, CMA |
| 💻 Trading Platform | FBS Trader MetaTrader 4 MetaTrader 5 | MetaTrader 4 CMTrading Web CopyKat | MetaTrader 4 MetaTrader 5 Exness App Exness Terminal |
| 💰 Withdrawal fee | Yes | Yes | No |
| 💳 Demo Trading Account | Yes | Yes | Yes |
| 💰 Minimum Deposit | 19,000 COP ($5) | 390,000 COP ($100) | 39,000 COP ($10) |
| 📊 Leverage | 1:3000 | 1:200 | Unlimited |
| 💰 Spreads | From 0.7 pips | From 0.9 pips | Variable, from 0.0 pips |
| 🚀 Commissions | None; only the spread is charged | None; only the spread is charged | From $0.1 per side, per lot |
| 📊 Margin Call/Stop out | 30%/10% | From 20% | 60%/0% |
| 📊Order Execution | Market | Market | Market |
| ❌No-Deposit Bonus | No | No | No |
| 🪙Cent Accounts | Yes | No | Yes |
| 📒 Account Types | Retail Account | Bronze Account Silver Account Gold Account Premium Account | Standard Account Standard Cent Account Raw Spread Account Zero Account Pro Account Social Standard Account Social Pro Account |
| 🏛️SFC Regulation | No | No | No |
| 💰COP Deposits | No | No | No |
| 💻COP Account | No | No | No |
| 📞Customer Service Hours | 24/7 | 24/5 | 24/7 |
| 💳Retail Investor Accounts | 1 | 4 | 7 |
| ☪️Islamic Account | Yes | Yes | Yes |
| 💰Minimum Trade Size | 0.01 lots | 0.01 lots | 0.01 lots |
| 💸Maximum Trade Size | 500 lots | Unknown | Unlimited |
| ⏰Minimum Withdrawal Time | 15 minutes | Instant | 24 hours |
| ⏲️Maximum Estimated Withdrawal Time | Up to 7 days | Up to 10 days | 3 days |
| 💳Instant Deposits and Instant Withdrawals? | Deposits | No | No |
| 👉Open Account | Open Account | Open Account | Open Account |
FBS Trading Platforms
FBS, a MetaTrader broker, ensures that their trading conditions and features are compatible with these robust platforms, providing Colombians with a dynamic trading environment to improve their strategies and decisions.
The following platforms and their features will benefit Colombian traders the most:
FBS Trader
FBS’s mobile trading platform and trading conditions work seamlessly to create a welcoming and dynamic environment. According to our platform analysis, the FBS Trader platform is user-friendly for Colombian traders.
Its user-friendly interface allows traders of all skill levels to quickly and easily navigate the platform and complete transactions.
One notable aspect of FBS Trader is its extensive asset selection. Over 120 financial assets, including stocks, metals, currencies, and indexes, are now available to Colombian traders via mobile devices.
Traders do not need additional platforms to diversify their portfolios with this versatile list of instruments. Real-time price charts and statistics allow you to make informed trading decisions while on the go.
Colombian traders benefit greatly from FBS Trader’s customized payment options. The ability to streamline the deposit and withdrawal processes enables traders to manage their money more effectively.
Support for both local and international payment methods enables traders to deposit funds into their retail accounts and withdraw profits without experiencing delays or high transaction fees.
Furthermore, this cutting-edge app’s 24/7 expert multilingual customer support ensures Colombian traders can get assistance whenever needed.
MetaTrader 4
We were pleased with the seamless integration of FBS’s trading conditions into MetaTrader 4 (MT4), which enhanced our trading experience.
FBS’s MT4 modification allowed for the customization of the trading environment, which we found very helpful. The website provides multiple chart configurations and a variety of technical indicators, too.
Our trading and trend analysis of the platform revealed fast execution times, competitive spreads, and robust analytical features in MT4.
We think that Colombian traders with specific trading styles impacted by the state of the local market can benefit from this flexibility to tailor the trading interface to suit individual strategies and preferences.
A significant advantage of MT4 with FBS is access to direct market execution. This feature ensures that trades are executed at the fastest possible speeds, reducing slippage and raising overall order execution accuracy in forex trading, where market conditions fluctuate extremely quickly.
Additionally, we discovered that the platform is remarkably stable and trustworthy, which is particularly beneficial for traders who rely on it for regular trading activities.
We can recommend MT4 to Colombians because it operated flawlessly during our testing—no downtime or other issues.
MetaTrader 5
MetaTrader 5 (MT5), with the help of FBS, improves on its predecessor’s features to meet the complex needs of Colombian traders.
We discovered a broader range of technical indicators and more complex order types among the platform’s enhanced trading features.
MT5 offers traders in Colombia a significant advantage by allowing them to trade forex, stocks, and commodities from a single platform. According to our observations, this integration allows traders to diversify their investment portfolios without using multiple platforms.
We discovered that the platform’s wider range of timeframes and graphical tools were particularly useful for conducting in-depth market research.
The automated trading experience provided by MT5’s support for utility programs and trading robots can potentially revolutionize how traders optimize their strategies.
We discovered a broader range of technical indicators and more complex order types among the platform’s enhanced trading features. MT5 offers traders in Colombia a significant advantage by allowing them to trade forex, stocks, and commodities from a single platform.
According to our observations, this integration allows traders to diversify their investment portfolios without using multiple platforms. We discovered that the platform’s wider range of timeframes and graphical tools were particularly useful for conducting in-depth market research.
The automated trading experience provided by MT5’s support for utility programs and trading robots can potentially revolutionize how traders optimize their strategies.
Overall, traders in Colombia can improve their trading operations thanks to the high levels of automation made possible by the ability to create and customize these robots in MT5. MetaTrader 5 (MT5), with the help of FBS, improves on its predecessor’s features to meet the complex needs of Colombian traders.
Should Colombian traders use only the MetaTrader platforms on their FBS account?
No, Colombian traders can also use the FBS Trader platform or mobile app.
Can Colombian traders fund their accounts with COP?
Yes, they can because the FBS Trader app accepts both local and international payments. However, they will be charged conversion fees.
FBS Range of Markets
Because of the FBS’s limited market coverage, Colombians have adequate liquidity. Additionally, FBS ensures competitive trading conditions for all instruments. When you register with FBS, you can trade in the following markets:
Forex
FBS offers Colombian traders a diverse selection of currency pairs, including unique options not commonly available elsewhere in the market.
Given the high leverage of up to 1:3000 available on specific accounts, Colombian traders have the opportunity to utilize strategies such as position trading.
This approach involves holding onto trades for an extended period to capitalize on substantial currency-value fluctuations.
Although the potential returns can be higher with this level of leverage, it’s important to be aware of the increased risks that come along with it. We urge Colombian traders to create and employ a robust risk management strategy.
Stocks
Trading stocks with FBS offers Colombian traders a significant advantage as they can access a wide range of stocks, including those from global markets.
Traders have the opportunity to explore a wide range of sectors and industries with access to 96 different stocks. This allows them to potentially discover unique investment opportunities that align with Colombias economic trends and market sentiments.
FBS’s customer support is available 24/7, which is great for traders who may require assistance outside regular trading hours. This is especially beneficial for those in Colombia, considering the time zone differences with international markets.
Indices
Trading indices with FBS provides Colombian traders with the opportunity to diversify their market exposure without the need to invest in individual stocks.
We found that Colombian traders can trade a variety of indices, allowing them to implement strategies that capitalize on the overall performance of a market or sector.
One such strategy is trend following, which can prove highly effective in indices that exhibit distinct directional movements. We found that FBS also offers comprehensive analytical services, including daily analytics, that provide valuable insights to assist traders in making strategic trading decisions.
Energies
Traders in Colombia who use FBS can diversify their portfolios by engaging in energy market trading. Traders can explore various strategies in the energy market, such as swing trading, which allows them to profit from short-term movements in energy prices.
With a range of energy instruments, including oil and natural gas, traders can make informed decisions to maximize their potential gains.
Colombian traders have a wide range of payment options available to them, including cryptocurrency wallets. This allows them to effectively manage their funds based on their unique trading style and personal preferences.
Precious Metals
Colombians can invest in precious metals with FBS to diversify their portfolio and protect their assets. Colombian traders can take advantage of a decent selection of 4 safe-haven assets, including gold, palladium, platinum, and silver.
These assets can be appealing for carry trade strategies, where traders seek to capitalize on interest rate discrepancies between currencies.
Furthermore, another benefit is that Colombian traders can rest assured knowing that their losses are limited to their invested capital, thanks to the negative balance protection feature.
In our experience, this added layer of security is particularly valuable for Colombian traders who are looking for stability in the face of economic fluctuations.
FBS Leverage and Margin
We thoroughly examined FBS’s Colombian trading services as part of our investigation into its margin and leverage policies.
Forex traders who register with FBS can choose from various leverage options, ranging from the cautious 1:1 to the aggressive 1:3000, which can significantly boost their trading power.
We also discovered that the margin requirement, or the minimum amount of capital required to start and maintain a leveraged position, varies according to the leverage chosen.
For example, traders using 1:50 leverage must pay a margin of 2%, whereas Colombians using 1:3000 leverage only pay 0.033 percent. A tiered approach to margin requirements allows Colombian traders to choose a level of leverage that suits their trading strategy and risk tolerance.
Because FBS leverage is flexible, the broker can automatically adjust leverage based on the trader’s account equity level.
For example, the maximum allowable leverage for equity ranging from $0 to $199 is 1:3000. To maintain a reasonable risk, the permitted leverage decreases as equity increases.
FBS has added more risk management mechanisms, such as a 20% stop-out threshold and a 40% margin call, to protect traders when their account balance falls.
Furthermore, we discovered that FBS is very transparent about margin and leverage. Traders can make informed leverage decisions by viewing their equity and margin levels in the Personal Area.
Overall, Colombian traders have a flexible and secure platform to use with FBS margin and leverage options.
Does FBS apply a fixed leverage for Colombian traders?
No, FBS leverage is flexible; the broker can automatically adjust leverage based on the trader’s account equity level.
Can Colombian traders lose money with FBS?
Yes, Colombian traders must know they can always lose money with forex trading. Still, FBS offers risk management mechanisms, such as a 20% stop-out threshold and a 40% margin call, to give traders more protection in case their account balance falls.
Min Deposit
USD 5
Regulators
IFSC, FSCA, ASIC, CySEC
Trading Desk
MT4, MT5
Crypto
Yes
Total Pairs
36
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
FBS Fees
The fee schedule for FBS is simple; it lacks the complication that brokers with multiple account tiers typically have. Colombians can easily calculate their trading costs thanks to FBS’s single retail account’s competitive terms and transparent fees.
FBS Spreads
To help Colombians understand the trading fees they should expect, we examined the spreads offered by FBS on the retail account. FBS provides comprehensive information on all market spreads.
FBS provides a competitive fixed spread for one of the world’s most traded currency pairs, EUR/USD, starting at 0.7 pip.
Traders can benefit from this small difference because it allows them to trade profitably while minimizing the impact on their potential gains.
FBS Commissions
After reviewing the FBS retail account, we discovered that FBS has eliminated commission fees. This tactical decision has allowed FBS to reduce its trading costs by incorporating potential broker fees into the spread.
Colombian traders will benefit from this integrated cost structure because it eliminates the need to calculate separate percentages for each trade. This absence of separate fees is a key selling factor, particularly for traders who prefer to focus more on trading tactics than on costs.
FBS Overnight Fees
In forex trading, leaving a trade open overnight results in overnight or swap rates because the interest rates of the currencies you are trading with differ.
To help traders understand the costs associated with holding overnight positions, FBS makes these fees easily accessible on its website. Furthermore, FBS provides swap-free accounts to satisfy clients who adhere to Islamic law.
FBS Deposit and Withdrawal Fees
FBS charges no deposit fees for the vast majority of payment methods. However, the following fees do apply:
- PSE – 1.5%
- Efecty – 1:5%
Furthermore, if you want to transfer funds from your FBS Account to a bank account in Colombia, you will be charged the withdrawal fees listed below:
- Credit/Debit Card – up to 2 EUR
- Skrill – up to 2% + 0.29 EUR
- Neteller – 2%
- Perfect Money – 0.5%
- AstroPay – 0.5%
FBS Inactivity Fees
Our analysis shows Colombian traders’ accounts are not subject to FBS inactivity penalties. As a result, Colombian traders can take breaks from trading without worrying about their funds being depleted.
FBS Currency Conversion Fees
While FBS itself does not charge any fees for currency conversion, traders should be aware that there may be a fee for moving funds into and out of their COP account. This expense is usually incorporated into the currency rate used by the financial institution or payment processor handling the transaction.
Does FBS charge deposit and withdrawal fees to Colombian traders?
No, FBS does not charge deposit or withdrawal fees when Colombian traders utilize their accounts, but some bank charges may be applicable.
How much commission does FBS take on trades?
FBS does not take a commission on trades; they incorporate potential broker fees into the spread.
FBS Deposits and Withdrawals
FBS offers Colombian traders many traditional payment options for depositing and withdrawing funds. Discover what options are available in Colombia and how traders can use these different dependable methods to deposit and withdraw money.
| 💳Payment Method | 🌎Country | 🪙Currencies Accepted | ⏰Processing Time |
| Debit/Credit Card | All | EUR | Instant – 7 days |
| Neteller | All | USD | Instant – 7 days |
| Perfect Money | All | USD | Instant – 7 days |
| Sticpay | All | USD | Instant – 7 days |
| Skrill | All | USD | Instant – 7 days |
| PSE (deposit only) | Colombia | USD | 15 minutes |
| Efecty (deposit only) | Colombia | USD | 15 minutes |
| AstroPay | Colombia | USD | 15 – 20 minutes |
FBS Deposits
How to Deposit using Bank Wire Step by Step
- Access the FBS Personal Area.
- Navigate to ‘Finances’ and select ‘Deposit’.
- Select ‘Bank Wire’ as your payment method.
- Please specify the deposit amount and provide banking information.
- Confirm the details and transfer funds from your bank account. FBS processes bank wire transfers within 5-7 business days.
How to Deposit using Credit or Debit Card Step by Step
- Sign in to the FBS Personal Area.
- Choose ‘Deposit’ from the ‘Finances’ menu.
- Choose ‘Credit/Debit Card’ as your deposit method.
- Enter the deposit amount and card details.
- Confirm the transaction. Banks process deposits immediately for 7 days, depending on the bank.
How to Deposit using e-Wallets or Payment Gateways Step by Step
- Login to your FBS Personal Area.
- In the “Finances” section, click ‘Deposit’.
- Depending on FBS’s Colombian offerings, select Skrill or Perfect Money.
- Deposit the desired amount and then log in to your e-wallet to confirm. Deposits are usually processed quickly but can take a few hours to appear in your trading account.
FBS Withdrawals
How to Withdraw using Bank Wire Step by Step
- Access the FBS Personal Area.
- In the ‘Finances’ section, select the ‘Withdrawal’ option.
- Select ‘Bank Wire’ as your withdrawal method.
- Provide the withdrawal amount and bank information.
- Confirm the withdrawal request. Most bank wire withdrawals take about 5-7 business days.
How to Withdraw using Credit or Debit Cards Step by Step
- Choose ‘Withdrawal’ from ‘Finances.’
- Choose ‘Credit/Debit Card’ as your withdrawal method.
- Select your withdrawal amount and provide your card information.
- Confirm the withdrawal. Processing can take one to seven business days.
How to Withdraw using e-Wallets or Payment Gateways Step by Step
- To withdraw funds via e-wallets or payment gateways, you must have access to the FBS Personal Area.
- In the ‘Finances’ section, select the ‘Withdrawal’ option.
- Choose an e-wallet (Neteller, Skrill, Perfect Money, or Sticpay) for withdrawals.
- Enter the desired withdrawal amount and confirm the transaction details. Depending on the e-wallet service, withdrawals are processed within minutes to hours.
What e-wallet options can Colombian traders use to make deposits and withdrawals with FBS?
Colombian traders can use Neteller, Skrill, Perfect Money, or Sticpay for deposits or withdrawals with FBS.
Which is the quickest method Colombian traders can use for withdrawing money from their FBS accounts?
e-wallets will be the quickest withdrawal method for Colombian traders as it may take only minutes to get their money that way.
Min Deposit
USD 5
Regulators
IFSC, FSCA, ASIC, CySEC
Trading Desk
MT4, MT5
Crypto
Yes
Total Pairs
36
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
FBS Education and Research
Currency Converter
The FBS currency converter is useful for Colombian traders who must deal with currency exchanges.
It streamlines the process of determining the value of various currencies in relation to the BRL, which is essential for effectively managing capital and accurately evaluating risk.
With real-time updates, this tool provides Colombian traders with the most current exchange rates, essential for making timely decisions in the dynamic forex market.
Educational Video Lessons
The FBS educational video lessons are a valuable resource for traders in Colombia. These lessons cover various topics, from basic forex trading to advanced technical and fundamental analysis.
They provide invaluable knowledge and insights. For Colombian traders who may encounter language barriers. FBS provides localized videos to enhance accessibility and relevance in learning.
Whether you’re just starting or have years of experience, these videos are valuable for learning about trading.
Glossary
The comprehensive glossary is a valuable resource for Colombian traders to become familiar with trading terminology. It provides a comprehensive explanation of the terms and concepts necessary for a solid understanding of the forex market.
We believe this glossary is particularly helpful for new traders, providing a way to overcome language barriers and enhance trading education. It ensures that Colombian traders have a solid understanding of important trading terminology.
FAQ
The FAQ section on FBS’s website answers common questions that Colombian traders may have.
Providing comprehensive information on various subjects, from account setup to trading conditions, this resource offers a convenient and effective solution for finding answers, ultimately saving time and minimizing reliance on direct customer support.
Designed to cater to various global traders, these FAQs address questions about local payment methods and regulatory concerns, offering pertinent information.
Forex Calculators
FBS provides a range of forex calculators that are essential for Colombian traders. These calculators are designed to assist with trade planning and risk management, offering quick calculations for margin, pip value, profit, and other important factors.
This resource is especially valuable for traders working with the COP because it helps comprehend the impact of market fluctuations on trades in local currency, ensuring more informed decision-making.
MetaTrader 4 Multiterminal
The MetaTrader 4 Multiterminal is an invaluable tool for Colombian traders who must manage multiple accounts efficiently.
We found that it offers the convenience of managing multiple accounts at once, making it perfect for individuals with various strategies or those who handle client accounts.
Designed to cater to the needs of Colombian traders, this platform efficiently executes multiple trades across various accounts with its user-friendly interface.
VPS
If you’re a trader in Colombia looking for a reliable and fast trading experience, FBS’s Virtual Private Server (VPS) service is perfect for you.
Focusing on uninterrupted trading, this service guarantees smooth operations even during power outages or internet issues. We believe traders in specific Colombian regions can rely on these enhanced execution speeds and top-notch security.
Webinars
FBS’s webinars allow Colombian traders to gain knowledge from industry experts in real time.
These webinars cover various topics, including market analysis and trading strategies. They are frequently offered in Portuguese, providing an engaging learning experience for Colombian traders. Participants have the opportunity to ask questions that are relevant to their specific trading context.
VIP Analytics
FBS presents exclusive market insights and analysis for Colombian traders, giving them a valuable advantage in trading decisions.
From what we can see, comprehensive reports and forecasts help traders gain insights into market trends and evaluate the impact of economic factors on markets.
Economic Calendars
With FBS’s economic calendar, Colombians can easily stay on top of economic events that impact the forex market.
We found that this tool emphasizes the importance of scheduled releases of economic indicators, helping traders anticipate market movements. Catering specifically to Colombians, it hones in on important events, providing valuable assistance in strategic planning.
Forex Guidebook
The Forex Guidebook provided by FBS is a comprehensive manual that caters to the needs of Colombian traders.
It covers a wide range of topics, starting from the basics and progressing to advanced trading techniques. With structured learning, Colombian traders can confidently navigate the complexities of forex trading, gaining a deep understanding of the subject.
Market Analytics
FBS’s market analytics provide Colombian traders with comprehensive insights into market dynamics, including technical analysis, expert commentary, and market news.
We found these resources are regularly updated and provide valuable insights to help you stay informed about global and local financial events that can impact your trading strategies.
Tips for Traders
In our evaluation, we found that practical advice and strategies are available through FBS’s Tips for Traders, designed to assist Colombian traders in improving their trading skills and steering clear of common pitfalls.
Furthermore, these tips are tailored to various markets, considering local trading conditions and practices based on real trading experiences.
Seminars
The FBS seminars let traders connect with industry professionals and fellow traders, which will help Colombians enhance their trading knowledge and skills.
Designed to cater to the needs and challenges of traders in the Colombian market, these seminars provide valuable opportunities for learning and networking.
Can Colombian traders participate in webinars offered by FBS?
Yes, Colombian traders can participate in webinars offered by FBS.
Can Colombian traders share their experiences or learn from other’s experiences?
Yes, FBS provides a blog with interesting topics from which traders can learn.
FBS Bonuses and Promotions
FBS does not provide active trading bonuses, but its Introducing Broker (IB) is a profitable affiliate program for Colombians. Partners in this program can earn up to 43% of the spread on trades executed for referred clients.
A partner’s “Grade” in the program determines their monthly commission percentage, calculated using their three-month average commission.
This organized system encourages partners to recruit and retain referred clients to maximize income.
FBS Affiliate Programs
Features
FBS’s partnership program enables Colombian business owners and traders to increase their earnings through word-of-mouth advertising and client referrals via the Introducing Broker (IB) Program.
We rated this program as one of the best forex brokerage affiliate programs because of its numerous features and benefits. Partners can earn up to 43% of the spread by referring traders, with the rate recalculated based on the partner’s three-month performance.
Daily payouts allow partners to withdraw commissions whenever they want, providing partners with immediate liquidity, which many entrepreneurs require.
FBS’s “Cascades” multi-level collaboration structure enhances the IB Program; partners can earn 40% commission by adding 20% to direct referrals, resulting in a layered commission structure that increases participant profits.
FBS’s full suite of tools and resources helps partners run and grow their businesses by providing training and trading signals to help referrals succeed, thereby increasing partner commissions.
How to Register an Affiliate Account with FBS Step-by-Step
Brazilians who want to partner with this broker can follow these easy steps to register and start reaping the rewards:
👉Step 1 – Select Company and then FBS IB Program
Access the official website of FBS and navigate to the Company option then select FBS IB Program from the homepage.
👉Step 2 – Select Open a Partner Account
Click the “FBS IB Program” option and wait for the page to load. Next, go through the information and click “Open a Partner Account” once you’ve familiarized yourself with FBS’s program details. Once you click the banner, you will be redirected to the sign-up page.
👉Step 3 – Complete Form.
You’ll need to fill out a form with information about yourself, like your name, email address, and phone number. Once you’ve completed the form with all the required information, click “Submit” or “Register” to complete your application.
FBS will look over your application, and if it’s accepted, you’ll get an email with directions on how to log in to and manage your IB Partner Account.
We found that affiliate programs offer many perks, such as the chance to receive daily commission payments and many marketing tools to help you with your referral efforts.
What does it mean to be an affiliate of FBS?
Being an affiliate of FBS means you take up the challenge of recruiting clients for FBS and getting reimbursed for that.
What must Colombian traders do to join the FBS Affiliate Program?
Colombian traders can join the FBS Affiliate Program by registering online after becoming traders.
FBS Customer Support
Customer Support
| 🔑Customer Support | 🥇FBS Customer Support |
| ⏰Operating Hours | 24/7 |
| 🌎Support Languages | English, Portuguese, Thai, Malay, Vietnamese, Arabic, Hindi, Chinese, and more |
| 🔊Live Chat | Yes |
| 🖥️Email Address | Yes |
| ☎️Telephonic Support | Yes |
| 🏆The overall quality of FBS Support | 4/5 |
Response Time
| 🔑Support Channel | ⏰Average Response Time | ⏱️User-based Response Time |
| ☎️Phone | 10 minutes | 5 – 7 minutes |
| 🖥️Email | 1 working day | Same day |
| 🔊Live Chat | 5 – 10 minutes | 2 minutes |
| 📱Social Media | 10 minutes | 5 – 7 minutes |
| 👥Affiliate | 1 working day (email) | Same day |
Can Colombian traders access FBS customer support through social media?
Yes, Colombian traders can access FBS customer support through social media.
Do FBS customer support teams react to traders’ emails?
Yes, FBS customer support teams typically react to emails on the same or the next working day.
FBS Social Responsibility
Although FBS’s official website does not specifically mention Corporate Social Responsibility (CSR) initiatives, the company is actively involved in meaningful CSR efforts, especially in education. External sources highlight FBS’s commitment to creating a positive impact on society.
In November 2023, FBS was featured on The Citizen magazine’s podcast, where they discussed the important role that large companies play in promoting STEM education.
Diego Lima, FBS’s Business Development Manager for Africa, provided valuable information about the company’s partnership with Education Africa.
Their partnership is dedicated to improving education at Masibambane College in Orange Farm, Johannesburg, with the goal of enhancing the quality and accessibility of education provided.
This partnership with Education Africa showcases FBS’s dedication to corporate social responsibility, particularly in regions with limited access to high-quality education.
Through a focus on educational enhancements, FBS supports academic progress and plays a vital role in fostering broader community development.
This approach demonstrates a growing recognition among businesses of the significance of investing in education and community involvement to promote sustainable growth and empowerment.
While FBS may not explicitly highlight its CSR activities on its website, its commitment to educational development and community support is demonstrated through its actions.
These efforts showcase FBS’s dedication to social responsibility, going beyond its main business activities to make a positive difference in society.
Conclusion
Our thorough examination of FBS as a forex and CFD broker for Colombian traders revealed several key factors that make it an excellent choice:
- FBS is ideal for Colombian traders because of its simplicity and transparency.
- FBS provides competitive fixed spreads for the EUR/USD pair, starting at 0.7 pips, and a simple fee structure.
- We appreciate transparent pricing because it allows traders to manage their expenses without worrying about hidden fees.
- Zero commissions make financial planning easier, allowing traders to focus on strategy alone.
- We discovered that FBS offers excellent educational support and trading tools, including the Forex Guidebook, educational videos, and webinars. Colombian traders can use market analytics and economic calendars to make more informed trading decisions.
- FBS may offer fewer trading instruments and advanced features than some competitors, which may disadvantage traders looking for various markets or specialized trading.
- FBS provides dependable customer service, but traders seeking more personalized guidance may be disappointed.
- We also discovered that FBS does not support COP deposits, withdrawals, or trading accounts, which may result in currency conversion fees.
- FBS accepts Skrill, Neteller, Sticpay, Perfect Money, and other deposit and withdrawal methods in Colombia, but no local funding options are available.
- Despite these disadvantages, FBS is a trustworthy option for Colombian traders looking for a simple, clear, and encouraging environment.
FBS User Comments and Reviews
- “I like how they handle withdrawals. I was worried about that until I received my first money”.
- “I have used their service for a year now and intend to become an avid trader with them.”
- “This broker is dependable; therefore, I will stick with them.”
- “I just wish they would offer more promotions.”
- “Their service is the “best” I have encountered. After dealing with other brokers, I think FBS is super.”
Our Recommendations on FBS
- Consider opening accounts in the Colombian Peso and expanding the base currency options to make financial transactions easier for local traders while lowering currency conversion costs.
- Consider returning multi-tiered account options so traders can choose one based on their experience level, risk tolerance, and trading strategies.
- Create educational resources that address Colombian traders’ needs and challenges, such as local market research and techniques tailored to the country’s economic climate.
- Organize workshops and trade shows in Colombia to foster community among local traders and provide networking opportunities.
- Offer mobile money services and well-known Colombian banking services as additional local payment options to facilitate deposits and withdrawals.
- Consider bringing back the Copy Trading feature, which allows traders to mimic the trades and strategies of more experienced traders.
- Increase the amount of information released about CSR campaigns and projects so that traders can see that FBS is actively involved in communities.
Our Insight
Based on my experience, it’s an excellent trading partner. Although using a single account for various techniques is convenient, I would prefer fewer spreads. Their extensive asset variety is one of my favorite things about FBS. The hefty withdrawal fees charged by FBS are a major negative for Senegalese traders. The platform can be more appealing and affordable for traders by lowering withdrawal costs.
FBS Pros & Cons
| ✅Pros | ❌Cons |
| Spreads start from 0.7 pips and include all trading costs, which means that Colombians do not pay commission fees | The product portfolio is much smaller than that of its rivals |
| Offers a single account, making the selection process easy for Colombians | No investor protection available to Non-EU clients |
| Colombians can use several payment methods to deposit and withdraw funds | FBS does not have a COP-denominated account for Colombians |
| Well-regulated and offers several risk management tools and security features | Colombians cannot deposit or withdraw in COP |
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Frequently Asked Questions
What is the minimum deposit with which I can start trading on FBS?
The minimum deposit amount to start trading with FBS is $5 (19,000 COP).
Does FBS charge withdrawal fees?
No, FBS does not charge withdrawal fees, but some transactions may cost more due to bank charges in your region.
Can FBS manipulate the market?
No, FBS strives to provide clients with market quotations, eliminating any potential conflicts of interest between the broker and traders.
Why may FBS reject some withdrawals?
FBS may reject a withdrawal if you made a withdrawal request via a different payment system than the one you used for the deposit.
Can I withdraw from FBS without verification?
No, you must always submit a trade safety verification, preventing unauthorized access to your personal data or funds.
