Forex Brokers Argentina
Easily Trade – Apple, Microsoft , Tesla and Google Stocks – Open a FREE Account Here
4.5/5 - (13 votes)
FBS Review

FBS Review

FBS lets traders uncover their full trading potential with competitive conditions and access to various financial markets. FBS’s trading conditions are competitive. FBS offers commission-free trading. Argentinians can start with a minimum deposit of $5.

Updated : June 27, 2024

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 Time

Instant

Overview

Overview FBS

 

We’ve been keeping an eye on FBS, the international brokerage that has gained popularity among Argentinian traders. Coming from Belize, it may not have the same recognition as some other international brokers, but that doesn’t mean it should be underestimated.

 

What makes FBS stand out is its unwavering dedication to meeting the needs of its clients. For Argentinian traders, it’s a refreshing change.

 

We’re discussing a broker that provides the popular MT4 and MT5 platforms and their own FBS Trader platform. This platform is designed with a mobile-first approach, making it incredibly convenient for trading on the go.

 

Now, let’s discuss pesos. We have a deep understanding of Argentina’s financial landscape.

 

FBS provides a variety of deposit and withdrawal options designed specifically for Argentinian traders, such as local bank transfers and popular e-payment systems. No need to go through any additional steps to fund your account.

 

And it doesn’t end there. FBS also offers regular webinars and seminars in Spanish, providing comprehensive coverage of forex trading, from the fundamentals to advanced technical analysis.

 

It’s evident that they are committed to equipping their Argentinian users with the necessary knowledge and tools for success.

FBS Review At a Glance

👤 FBSℹ️ Information
📅Established Year2009
🏛Regulation and LicensesIFSC, CySEC, ASIC, FSCA
📈Ease of Use Rating4/5
💸BonusesNone
⌚Support Hours24/7
💻Trading PlatformsMetaTrader 4, MetaTrader 5, FBS Trader
🗂️Account TypesRetail, Demo, Islamic
💵Base CurrenciesUSD, EUR
📈Spreads0.7 pips
⬆Leverage1:3000
💷Currency Pairs71
💳Minimum Deposit19,000 COP ($5)
💵Inactivity FeeNone
🌐Website LanguagesEnglish, German, Spanish, French, Italian, Portuguese, Malay, Ghanaian, Turkish, Korean, and others
💰Fees and CommissionsSpreads from 0.7 pips, commission-free
👥Affiliate ProgramYes
❌Banned CountriesJapan, United States, Canada, United Kingdom, Myanmar, Brazil, Israel, the Islamic Republic of Iran
👉 Open Account👉 Open Account

Regulation and Safety of Funds

The Central Bank of Argentina (BCRA) or the National Securities Commission (CNV) do not regulate FBS. However, FBS’ global regulations are listed in the table below.

FBS Regulations

 

FBS Global Regulations

🔑Registered Entity🌎Country of Registration🔢Registration Number🚨Regulatory Entity🥇Tier🖋️License Number/Ref
FBS Markets, Inc.BelizeIFSC3000102/460
Tradestone LtdCyprus353534CySEC2331/17
Intelligent Financial Markets Pty LtdAustraliaABN 48 155 185 014ASIC1426359
Trade Stone SA (PTY) LTDSouth Africa2018/514734/07FSCA2FSP 50885

 

FBS Protection of Client Funds

🔑Security Measure🔎Information
📈Segregated Accounts✅Yes
🔖Compensation Fund Member✅Yes
💵Compensation Amount20,000 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 OrdersNone

 Awards and Recognition

FBS Awards

 

While researching FBS, we came across numerous awards from influential people in the business. A rearranged rundown of their recent successes is as follows:

  • As a result of their first-rate ECN services, FBS was named the “Best ECN Broker 2021” by World Finance.
  • The Global Banking & Finance Review awarded FBS the “Best Currency Broker Nigeria 2022” title, recognizing their exceptional service and capacity to adapt to the Nigerian currency market.
  • FBS was named “Best Forex Broker Malaysia 2022” by the Global Banking and Finance Awards, a testament to their commitment to the Malaysian market.
  • FBS’s dedication to the Indian market is further demonstrated by its “Best Forex Broker India 2022” award from the World Finance Forex Awards.
  • With a strong presence and excellent services throughout Asia, FBS was named “Best Global Broker Asia 2022” by International Business Magazine.
  • FBS’s innovative and straightforward mobile trading platform was named “Best Mobile Trading Platform 2022” by the Forex Brokers Awards.

 Account Types

FBS Accounts

 

🔑Account FeatureRetail Account
➡️AvailabilityAll traders
📊Range of MarketsForex, Metals, Indices, Energies, Stock CFDs, Crypto CFDs
💰Commission ChargesNone; only the spread is charged
📍Platform MetaTrader 4, MetaTrader 5, FBS Trader
📉Trade SizeFrom 0.01 lots – 500 lots
💷Maximum Leverage1:3000 (Forex major pairs)
🪙Minimum Deposit4,500 ARS ($5)
👉 Open Account👉 Open Account

 

FBS Demo Account

Whether you’re new to trading and want to learn the basics or an experienced trader exploring a new strategy, the demo account is perfect for you.

 

You have the option to trade on all the platforms provided by FBS, including MetaTrader 4, MetaTrader 5, and the user-friendly FBS Trader for mobile devices.

 

Feel free to explore various investment options, such as forex pairs, metals, indices, and energies. This will help you become more comfortable with the platform’s interface and features.

 

What’s even better? There is no restriction on the duration you can utilize the demo account. You can continue practicing until you feel confident and prepared to transition to a live account.

 

FBS Retail Account

FBS’s Retail Account is tailored to meet the needs of Argentinian traders. With a minimum deposit of only 4,500 ARS ($5), it provides an accessible entry point to the competitive and dynamic forex trading world.

 

Your trading costs are kept low with competitive spreads starting from 0.7 pips. Additionally, you can enhance your potential profits by using leverage of up to 1:3000 on major forex pairs.

 

You also have a wide range of options with the Retail Account. Trade various financial instruments, including forex, metals, indices, energies, exotic currency pairs, stock CFDs, and crypto CFDs.

 

You’ll have access to a wide range of markets, all through the popular MetaTrader 4 and MetaTrader 5 platforms, as well as FBS’s own mobile-friendly FBS Trader platform.

If you follow Islamic finance principles, FBS provides a swap-free option that lets you keep positions overnight without any interest charges.

 

FBS Islamic Account

The Islamic (swap-free) account offered by FBS is ideal for Argentine traders who follow Islamic financial rules. Since this is per Sharia law, swap interest on overnight holdings is eliminated.

 

Just like the FBS retail account, the Islamic account gives you access to a wide variety of markets and products. The Islamic account allows you to trade per your beliefs, whether you’re into energy, metals, indexes, or foreign exchange.

 

However, even when swap interest is gone, we found a set commission for exotic currency pairs when you hold a position for more than two days. Nevertheless, the customer agreement clarifies that this commission is not based on interest.

 

Just go to your FBS Personal Area account settings and turn on the swap-free option. You have the option to activate it when creating an account or to toggle it on for current accounts.

How To Open an FBS Account

We registered an account with FBS to evaluate the broker’s offer for Argentina traders. Here’s the process we followed:

 

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 1 FBS Open Account

 

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 2 Select Open Account

 

Step 3 – Set-Up Account

On this screen, you will be able to choose the following options for your new trading account.

 

Step 3 FBS Set up account

 

Argentinian traders can easily register an account with FBS by following these steps:

  • Navigate to the FBS website.

  • Click the “Trading” tab in the top menu.

  • Under the “General Info” section, choose “Trading Conditions” to see the complete terms of the FBS retail account, which is open to all non-EU traders.

  • Read over the trading conditions, including leverage options, spreads, and account types, to verify they are appropriate for your trading style and risk tolerance.

  • If the trading conditions on this account meet your requirements, go to the “Instant Opening” option on the right side of the Trading Conditions page.

  • You can create an account using social media platforms (Google or Facebook) for a rapid setup.

  • Alternatively, use the “classic way” for a more conventional approach.

    • Provide your complete name and email address.

    • Choose USD as your account currency.

    • Read and agree to the Terms & Conditions and Privacy Policy.

    • Acknowledge the risks associated with investing in financial markets.

  • After completing your information, check your email for a verification link from FBS.

  • Click the link to confirm your email address and activate your account.

  • Log in to your new FBS account and finish the Know Your Customer (KYC) process.

  • To fully validate your account, provide FBS with the relevant identity documents and proof of address.

  • Once your account has been validated, you can deposit funds in various ways, including bank transfers, credit/debit cards, and electronic payment systems.

  • Download and install MetaTrader 4, MetaTrader 5, or the FBS Trader application.

  • Log in to your trading platform using your FBS account credentials and begin trading.

Broker Comparison

🔎FeaturesFBSBlackBull MarketsOcta
🏛️RegulationIFSC, CySEC, ASIC, FSCAFSA, FMACySEC, SVG FSA
📊Trading Platform FBS Trader
MetaTrader 4
MetaTrader 5
TradingView
cTrader
MetaTrader 4
MetaTrader 5
WebTrader
BlackBull CopyTrader
BlackBull Invest
ZuluTrade
Myfxbook
MetaTrader 4
MetaTrader 5
OctaTrader
Octa App
💵Withdrawal FeeYesYesNo
💻Demo AccountYesYesYes
💴Min Deposit4,500 ARS ($5)0 ARS ($0)22,400 ARS ($25)
📌 LeverageUp to 1:30001:5001:500
✏️SpreadFrom 0.7 pipsFrom 0.1 pips0.6 pips
💰Commissions$0From $6 per lotNone
🤙Margin Call/Stop-Out30%/ 10%75%/50%25%/15%
👉Order ExecutionMarketMarket, InstantMarket
❌💵No-Deposit BonusNoNoNo
🛅Cent AccountsYesNoNo
🗄️Account TypesRetail AccountECN Standard
ECN Prime
ECN Institutional
OctaTrader Account
Octa MetaTrader 4
Octa MetaTrader 5
⚖️FSC RegulationNoNoNo
💵TWD DepositsNoYesNo
🗄️TWD AccountNoNoNo
🧑‍💻Customer Service Hours24/724/724/7
🏪Retail Investor Accounts133
☪️Islamic AccountYesYesYes
📉Minimum Trade Size0.01 lots0.01 lots0.01 lots
📈Maximum Trade Size500 lots100 lots500 lots
⌚Minimum Withdrawal Time15 minutesInstant1 – 3 hours
⌛Maximum Estimated Withdrawal TimeUp to 7 days3 days1 – 3 hours
⏱️Instant Deposits and Instant Withdrawals?DepositsYes, bothYes, Deposits
👉 Open AccountOpen AccountOpen AccountOpen Account

Trading Platforms 

FBS is dedicated to offering Argentinians flexible options and robust platforms to access various markets. We’ve tested each platform to give traders an idea of what they can expect.

 

FBS Trading Tools

 

FBS Trader

This proprietary app is a respected mobile platform that keeps traders linked to the markets no matter where they are. Tracking and managing trades is extremely simple, providing a smooth trading experience with precise information for each asset.

 

The app’s user-friendly risk management capabilities allow Argentinian traders to manage their market exposure properly. Active orders are clearly highlighted on the chart, offering an accurate picture of trade activity.

 

The FBS Trader App, which supports trading in Forex, stocks, metals, energy, indices, and cryptocurrencies, appears as a flexible companion for a variety of trading requirements.

 

MetaTrader 4

MetaTrader 4 (MT4) stands out as a reliable platform that satisfies the needs of Argentine traders by offering a smooth trading experience across a wide range of devices, including Windows, Mac, Android, and iOS.

 

What distinguishes MT4 is its lightning-fast order execution of 0.3 seconds, which is important in fast-paced online trading. Data security is a significant consideration for Argentina traders, and MT4’s data encryption assures this.

 

We also found that MT4’s one-click trading function and integrated news updates allow traders to quickly make well-informed decisions, giving them a significant advantage in the volatile forex market.

 

MetaTrader 5

Moving on to MetaTrader 5 (MT5), this generation improves on the foundation built by its predecessor, providing a slew of improved analytical tools and longer time frames.

 

With support for trading in a broader variety of assets, MT5 is ideal for Argentina’s explorative traders. The platform’s powerful charting tools and technical indicators give a full market analysis, allowing traders to make informed decisions.

 

Finally, we believe MetaTrader 5’s user-friendly interface and better order management features make it an appealing alternative for traders of all experience levels.

Range of Markets

FBS’s range of markets suits different trading styles and types of traders. Overall, we found that Argentinians can easily diversify their portfolios with this range and gain sufficient market exposure.

 

Trading Instruments FBS

 

🔑Instrument🅰️Number of Assets Offered🅱️Max Leverage Offered
📈Forex361:3000
💎Precious Metals81:333
📉Indices111:33
💡Energies31:100
📊Stocks1251:5
🪙Cryptocurrencies51:33

 

Indices

Argentina traders can access a variety of indices through FBS, representing various market sectors. They can invest in groups of stocks, using leverage to magnify their positions and potentially increase profits.

 

This benefits those looking to expand their investment portfolios and capitalize on specific companies within specific sectors.

 

Energies

Traders can trade energy commodities like oil and natural gas through FBS, making informed predictions about price fluctuations.

 

This offers a range of trading opportunities and the potential for higher returns, allowing them to maximize profits by participating in global energy markets and leveraging price fluctuations.

 

Stocks

FBS offers diverse stocks, including renowned companies like Amazon, Apple, Tesla, Google, and Facebook.

 

Traders can use leverage in stock trading to invest in fractional shares of these companies with a smaller initial investment, allowing them to diversify their portfolios and potentially profit from leading companies listed on popular exchanges like NASDAQ.

 

Cryptocurrencies

Argentina traders can access a wide range of cryptocurrencies through FBS, including Bitcoin, Ethereum, and Litecoin.

 

Cryptocurrency trading with leverage can provide traders with more opportunities and enable them to take advantage of market volatility. This is a great opportunity for individuals interested in exploring the rapidly expanding cryptocurrency industry and broadening their investment portfolios.

 

Forex

FBS enables traders to engage in forex trading, providing a wide range of currency pairings and increased flexibility.

 

Furthermore, leverage of up to 1:3000 lets Taiwanese traders predict major and exotic currency pairs’ fluctuations, benefiting from the market’s liquidity and volatility, making it the world’s largest financial market.

 

Precious Metals

Traders can trade precious metals like gold, silver, platinum, and palladium through FBS, offering a secure investment option against inflation and economic uncertainty.

 

This diversification of portfolios allows for greater inclusion of tangible assets, and traders can benefit from the stability and value retention characteristics of precious metals, especially in the face of market volatility.

 Leverage and Margin

Leverage and Margin FBS

 

Understanding leverage and margin is crucial for Argentinian traders using FBS, especially those who want to maximize their trading opportunities. FBS provides diverse leverage options, ranging from 1:1 to an impressive 1:3000, to accommodate different trading strategies and capital sizes.

 

When it comes to forex and exotic pairs, the leverage is adjusted in real-time according to the equity in your account. For example, traders with equity up to $199 can utilize leverage of 1:3000.

 

On the other hand, our research shows that those with larger balances will have their leverage adjusted to ensure effective risk management.

 

Margin requirements are designed to be flexible, considering the leverage and trade size, allowing traders to manage their positions effectively.

 

We’ve found that this structure enables Argentinian traders to maximize their market exposure with small initial deposits, which is essential in a fast-paced market like Argentina’s.

 

In our extensive experience, Argentine traders must have a clear grasp of these parameters because it assists them in making well-informed trading decisions and maximizing potential returns, while mitigating and minimizing risks.

 Spreads and Fees

FBS’s trading and non-trading fee schedule is uncomplicated and competitive. We discuss each fee category that Argentinians can expect in the sections below.

 

Spreads and Fees FBS

 

FBS Spreads

We noticed right away that FBS has incredibly transparent spreads. The broker provides Argentinian traders with competitive floating spreads, which start from 0.7 pips on major currency pairs such as EUR/USD.

 

Traders can accurately predict their trading costs due to the transparent nature of these spreads. In our experience, Argentinians can effectively manage these costs by utilizing limit orders to strategically enter trades at optimal points, which helps to minimize expenses associated with spreads.

 

FBS Commissions

FBS is a great alternative for frugal Argentine traders because its Retail account does not charge commission fees. This streamlines your cost estimates as you only pay the spread when you open a position. Instead of commissions, the broker fee is worked into the spreads.

 

FBS Overnight Fees

Positions held overnight are subject to overnight fees, often known as swaps, charged by FBS. The long swap for the EUR/USD pair is -0.00007, while the short swap is -0.00009. When Argentinian traders keep positions for long periods, these costs will apply.

 

To avoid these fees, traders can either utilize an Islamic (swap-free) account, which does not incur these charges overnight, or cancel their holdings before the trading day finishes.

 

FBS Deposit and Withdrawal Fees

With FBS, you can choose from several fee-based deposit and withdrawal options. To illustrate, Skrill allows immediate and free deposits, but withdrawals take 48 hours and cost 1-2% + 0.29 EUR.

 

Due to this fee structure, Argentinian traders might see their funds become less liquid. To keep these expenses in check, it’s best to utilize a payment method like Sticpay, which has minimal fees, processes transactions in 48 hours, and doesn’t charge for withdrawals.

 

FBS Inactivity Fees

The fact that FBS does not charge inactivity fees is one of its distinguishing qualities. Argentine traders who don’t trade much but nonetheless want to avoid account penalties will appreciate this.

 

FBS Currency Conversion Fees

Although FBS does not advertise any currency conversion costs, they provide a handy facility for doing so on their website. Funds deposited or withdrawn in a currency other than the base currency of your account will be converted at the current market rate.

 

The value of your funds might increase or decrease depending on the direction of exchange rates, so keep that in mind.

FBS Deposit & Withdrawal Options

One of the advantages that we discovered with FBS is that the broker lists payment methods for deposits and withdrawals according to the trader’s region. The following deposit and withdrawal methods are available to Argentinian traders specifically.

 

Deposit and Withdrawals FBS

 

💰Payment Method🗾 Country💱Currencies Accepted⏰Processing Time
Debit/Credit CardAllEURInstant – 7 days
NetellerAllUSDInstant – 7 days
Perfect MoneyAllUSDInstant – 7 days
SticpayAllUSDInstant – 7 days
SkrillAllUSDInstant – 7 days

 

FBS Deposits

 

How to Deposit using Bank Wire Step by Step

  • Open your FBS account, log in, and select the “Deposit” or “Finance” option.

  • Choose “Bank Wire” as the deposit method.

  • You will receive financial information from FBS, which includes the account number and SWIFT code.

  • Send a bank wire transfer from your account while providing the required FBS banking information.

  • Once the transaction has been confirmed in your FBS account, you must wait a few days for your account to be credited.

 

How to Deposit using Credit or Debit Card Step by Step

  • Go into your FBS account and select the “Deposit” or “Finance” area.

  • Select “Debit or Credit Card.”

  • Enter the card number, expiration date, CVV code, and other card information.

  • Indicate how much you would like to deposit.

  • Finish any necessary security checks and send in the deposit request. While funds are often accessible immediately, they can take up to a few hours.

 

How to Deposit using e-Wallets or Payment Gateways Step by Step

  • Open your FBS account, log in, and select the “Deposit” or “Finance” option.

  • Choose an e-wallet or payment channel, such as Perfect Money, Neteller, or Skrill.

  • Enter the amount you want to deposit together with the information of your e-wallet account.

  • Follow the security and verification instructions on the e-wallet to finish the transaction.

  • Check your FBS account to confirm the deposit. Although they are often handled promptly, e-wallet deposits might take up to 48 hours.

 

FBS Withdrawals

How to Withdraw using Bank Wire Step by Step

  • After logging in, go to your FBS account’s “Finance” or “Withdrawal” area.

  • Choose “Bank Wire” as the withdrawal option.

  • Enter your bank details, including the account number and SWIFT/BIC code.

  • Indicate the amount you want to withdraw and finish any necessary security checks.

  • Send in the withdrawal request. Bank wire withdrawals could take several days to process.

 

How to Withdraw using Credit or Debit Cards Step by Step

  • Go to the “Finance” or “Withdrawal” area of the FBS site after logging in.

  • Select “Debit or Credit Card” as the mode of withdrawal.

  • Enter how much you want to withdraw, along with your card information.

  • Finish the necessary security verification procedures.

  • Send in the request. Normally, funds are accessible in 15 to 20 minutes, but it could take a few hours.



How to Withdraw using e-Wallets or Payment Gateways Step by Step

  • Open your FBS account, log in, and select the “Finance” or “Withdrawal” tab.

  • Choose an e-wallet.

  • Give the amount to withdraw together with the information of your e-wallet account.

  • Finish the necessary security and verification procedures.

  • Submit your request.

Educational Resources

FBS is known for serving newbies and seasoned pros with its educational materials and resources. Let’s look at what Argentinians can expect from what’s offered on the website.

FBS Education

Type of EducationInformation
📅Economic CalendarYes
✴️VPSYes
🕹️AutoChartistNo
📈Trading ViewNo
📊Trading CentralNo
📉Market AnalysisYes
🗞️News FeedYes
💻BlogYes
📚eBooksYes
📼Educational VideosYes
🛫Platform TutorialsYes
👨‍💻WebinarsYes
💼SeminarsYes
👩🏾‍💻Live SupportYes
👉 Open Account👉 Open Account

 

In addition to these, we found that FBS also offers the following:

  • Currency Converter

  • Glossary

  • FAQ

  • MetaTrader 4 Multiterminal

  • VIP Analytics

  • Tips for Traders

  • Forex Guidebook

Bonuses and Promotions

FBS Bonus

 

While FBS’s overall offer is extremely compelling, we were disappointed to find that FBS has removed most of its bonuses, especially the no-deposit bonus it used to host. However, while there are no current bonuses, FBS still offers an attractive affiliate program to Argentinians.

 

Partners can earn a considerable portion, up to 43%, of the spread from transactions their referred clients make through this program. This program stands out since it calculates commissions daily, making it easy for partners to take their money anytime they choose.

 

A partner’s ability to earn commissions is determined by their “Grade” in the program, which is reviewed monthly using the average commission earned in the previous three months.

Affiliate Programs

FBS Affiliate Program

Features

The FBS affiliate program offers both Argentinian traders and entrepreneurs a profitable opportunity. With the potential to earn up to 43% of the spread from each trade made by your referrals, it offers one of the most generous payouts in the industry.

 

With the daily payout system, you can count on receiving your commissions promptly. Plus, the flexibility to withdraw funds 24/7 through various methods adds an extra layer of convenience.

 

With the multi-level partnership structure called the Cascades by FBS, you have the opportunity to boost your income by earning 20% of your affiliate partners’ earnings.

 

The rebate system is an impressive feature that allows you to incentivize your clients to trade more and increase your overall income by sharing a portion of your commission with them.

 

This comprehensive affiliate program goes beyond simply earning commissions; it focuses on building a thriving trading community.

 

As a valued FBS partner, you’ll have access to a wide range of promotional materials and dedicated support to attract and retain clients. The program is a great fit for Argentinian traders with a strong network of fellow traders looking to establish one.

 

In our experience, with FBS’s strong presence in the Argentinian market and its reputation for reliability, the affiliate program presents an exciting opportunity for individuals seeking to diversify their income streams in the ever-changing realm of forex trading.

 

How to Register an Affiliate Account with FBS Step-by-Step

We found the process involved in registering a partnership account with FBS extremely easy. Here are the steps to follow:

 

👉Step 1 – Select Company and then FBS IB Program

Access FBS’s official website, navigate to the Company option and select the FBS IB Program from the homepage.

 

FBS Affiliate Program Step 1 Select Company, then FBS IB Program

 

👉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 2 Select Open a Partner account FBS

 

👉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.

 

Step 3 Complete Form FBS

 

FBS will review your application. If it’s accepted, you’ll receive 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.

Customer Support

🔑Customer Support🥇FBS Customer Support
⏰Operating Hours24/7
🌎Support LanguagesEnglish, Portuguese, Emirati, Malay, Vietnamese, Arabic, Hindi, Chinese, and more
🔊Live Chat✅Yes
🖥️Email Address✅Yes
☎️Telephonic Support✅Yes
🏆The overall quality of FBS Support4/5
👉 Open Account👉 Open Account

 

Customer Support FBS

 

FBS Response Time

🔑Support Channel⏰Average Response Time⏱️User-based Response Time
☎️Phone10 minutes5 – 7 minutes
🖥️Email1 working daySame-day
🔊Live Chat5 – 10 minutes2 minutes
📱Social Media10 minutes5 – 7 minutes
👥Affiliate1 working day (email)Same-day

Social Responsibility

FBS Social Responsibility

 

While exploring FBS’s website, we could not find updated information on the CSR initiatives or projects FBS is partaking in. However, we researched various online sources and found that FBS partook in a podcast held by The Citizen Magazine.

 

The podcast of The Citizen magazine covered FBS in November 2023, highlighting corporations’ important role in promoting STEM education programs.

 

During the event, Diego Lima, the Business Development Manager for Africa at FBS, discussed the partnership between the two organizations.

 

This collaboration aims to raise the bar for teaching and learning at Masibambane College in Johannesburg’s Orange Farm neighborhood. The main goal is to improve the area’s availability and quality of education.

 

Joining together with Education Africa demonstrates FBS’s dedication to CSR, especially in regions where access to quality education is still restricted.

User Comments

FBS has gathered mixed reviews from its existing clients, and we sought the most recent ones on popular and reputable websites. Here’s what we found:

✅“I like that the spreads are fair and that they offer training materials. While it’s not perfect, FBS has been a steady and helpful partner for me as I learn to trade.”

✅“I created an account with FBS and put $1,000 in it. At first, the trade went well, and I made a lot of money. However, things changed when they raised the rates and slowed down the platform. What a pain! I couldn’t close my positions or place new orders. Their help wasn’t helpful, and I ultimately lost my gains.”

✅“I joined FBS about 18 months ago and used a demo account at first before switching to a real one. Things have gone smoothly so far, and I’ve liked some of their tools. The customer service team is nice and willing to help, especially for new users.”

10 Best Forex Brokers in Argentina for 2024

Rank

Broker

Review

Regulators

Min Deposit

Official Site

#1

4.4/5

User Score

#2

4.7/5

User Score

#3

4.5/5

User Score

#4

4.4/5

User Score

#5

4.7/5

User Score

#6

4.6/5

User Score

#7

4.7/5

User Score

#8

4.8/5

User Score

#9

4.8/5

User Score

#10

4.7/5

User Score

Conclusion

FBS is the clear winner for Argentinian traders in our books when looking for a trustworthy and flexible forex and CFD broker. The lack of inactivity fees and inexpensive spreads (beginning at 0.7 pips) make this broker a good choice for budget-conscious traders.

 

Traders can also optimize their trading potential with high leverage up to 1:3000, but they must be careful with risk management.

 

Localized deposit and withdrawal choices and instructional materials in Spanish demonstrate FBS’s commitment to serving the local market. Traders of all skill levels have options thanks to the availability of MetaTrader platforms and their own FBS Trader app.

 

However, prospective customers must note that variable spreads might grow during times of market volatility.

 

Another potential annoyance for Argentinian traders is the lack of ARS trading accounts. Furthermore, although there are excellent learning materials, more seasoned traders may wish for more complex trading tools.

 

Overall, we regard FBS as a good choice for Argentine traders who are just starting out since it combines ease of use with useful features.

 

It stands out in the Argentinian forex and CFD scene because of its dedication to local demands and competitive trading conditions.

 

However, there are better options for more experienced traders who are looking for more complex tools or who are putting more emphasis on ARS accounts.

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 Taiwanese traders. The platform can be more appealing and affordable for traders by lowering withdrawal costs.

Our Recommendations on FBS

  • Letting Argentine traders open accounts in Argentine Pesos (ARS) could help them escape currency conversion fees and make managing their money easier.

  • It would be advantageous if there were special customer service in Spanish, staffed by people who know what Argentinian traders need and worry about.

  • Traders who depend on their phones will benefit if FBS makes the mobile trading app more reliable and useful, especially regarding processing speed and security.

  • Obtaining more licenses from local governments like the Comisión Nacional de Valores (CNV) will help Argentine traders trust FBS and make them feel more secure.

FBS Pros & Cons

✅Pros❌Cons
FBS’s spreads start from 0.7 pips, and commission fees do not apply to tradesFBS only accepts USD and EUR as account base currencies
FBS offers various financial markets and instruments across platformsThere have been reports of withdrawal delays
Argentine traders can use leverage of up to 1:3000 when they trade major forex pairsMany clients have reported a complex verification process
FBS’s customer support is available 24/7FBS offers limited local payment options for Argentinians
There are several trading tools and educational materials offered to Argentinian tradersDeposit and withdrawal fees apply to a few payment methods
The minimum deposit is low enough so that all traders can sign up for an accountFBS is not regulated in Argentina

 

You might also like: FxPro Review

 

Frequently Asked Questions

Yes, FBS provides swap-free accounts to Muslim traders and is accommodating of various trading communities, guaranteeing that procedures are consistent with Islamic teachings.

FBS was founded in 2009 and has since expanded to service traders and partners in more than 150 countries.

Through Intelligent Financial Markets Pty Ltd, FBS is regulated by ASIC under license number 426359.

Yes, FBS issues a risk warning to advise clients about the potential dangers connected with trading.



FBS Retail Account holders can trade using MetaTrader 4, MetaTrader 5, and the FBS Trader app.

The FBS Retail Account allows up to 500 open positions, including 200 pending orders.

FBS provides a variety of deposit options for Argentinian traders, such as electronic payment systems and local bank transfers.

After registration, Argentinian traders can use the MetaTrader software or the FBS Trader app to access their new trading account.



FBS creates a dynamic trading environment by matching its trading conditions and features to the functions of MetaTrader platforms.

Yes, real-time price charts and information are available on FBS trading platforms, allowing traders to make informed selections.

Yes, FBS provides access to global stock markets through stock CFDs for Argentinian traders.

Yes, Argentinian traders can access various markets, including emerging markets, through FBS.

Argentinian traders must provide identification documents to comply with anti-money laundering regulations for withdrawals with FBS.

Yes, Argentinian traders can use electronic wallets for both deposits and withdrawals with FBS.

FBS offers a comprehensive learning center with tutorials, webinars, and seminars tailored to help new Argentinian traders understand the trading basics.

Yes. FBS offers education resources focused on risk management to help Argentinian traders understand how to protect their capital while trading.

FBS offers 24/7 multilingual customer support to Argentinian traders, including via live chat, email, and phone.

Yes. FBS provides an extensive FAQ section that Argentinian traders can use to find answers to common questions.

FBS provides competitive spreads beginning at 0.7 pips on the Retail Account.

Yes, Argentinian traders can create a free demo account with FBS and use it across platforms to trade all markets available.

Argentine traders can use MetaTrader 4, MetaTrader 5, or the FBS Trader app. These systems include extensive trading tools and functionality.

Yes, FBS offers customer support in various languages, including Spanish.

Argentine traders can withdraw their funds using flexible ways, including bank transfers, credit/debit cards, and e-wallets like Skrill and Neteller.

Table of Contents