Contrary to the conventional trading of shares, trading of foreign exchange is growing at a rapid pace over the past couple of years. This divergence of interests of the people has resulted in an increased need for forex trade brokers, which has been met by international brokers such as FBS.
Here is a summarized FBS review:
Following are some pros of FBS:
FBS provides educational courses for beginners, so you ought not to worry if you do not have in-depth knowledge of forex trading, if you have developed an interest, you can learn further about it.
Widespread service provider
FBS is present in over 150 countries all over the world, providing quality forex broker services to people. Such wide reach helps to identify and analyze the loopholes and how to fix them.
FBS provides this option to its clients to use its mobile application for ease of operations, anywhere and anytime.
It is not just a foreign currency that you can get help for in trading, but also other financial instruments such as contracts for differences, and metals.
As there are two sides to each coin, FBS also has some cons:
The last positive becomes the first negative point. There are only a couple of options available when it comes to trading instruments, and hence there are limited opportunities.
Although the reach of FBS is far wide, it has some biases. It does not provide investor protection for its non-EU clients. Investor protection has become necessary more than ever with the increasing number of cases of insider trading, and to protect the interests of minority holders.
It is generally believed that forex trading is a complicated thing, and everybody might not be able to manage it. Beginners, especially, are suggested to exercise extra caution while trading in foreign currencies. But the process of learning forex trading can be eased with the right guidance and mentorship, which indirectly means a good trader. When it comes to finding a suitable trader for forex, you can surely trust FBS.