FBS Forex Review Kuwait – Islamic Trading Account
Forex trading has grown in popularity worldwide, and Kuwait is not behind the trend. Like other investors in other parts of the world, Kuwaiti investors want to increase their savings too. This is why many people doing forex trading in Kuwait has been growing. You might need to keep a few things in mind while looking for the best forex brokers in Kuwait. One of these things is whether or not the forex brokers you are considering have a license and have been adequately regulated. If you are a new or a professional trader in Kuwait who wants to grow your money in Forex trading, get ready for the best online trading experience you’ve ever had with FBS Kuwait. It is an online platform that lets you trade in many different assets. You don’t need much money to start trading the best forex pairs, commodities, and other assets. This FBS Kuwait review will learn more about the broker and how the company affects the forex trading market.
Who is FBS Broker?
FBS stands for Financial Brokerage Services and is a global brokerage that offers financial market trading in Forex and CFDs. It started in 2009 and has offices in more than 150 countries. The company’s headquarters are in Cyprus, with more than 23 million active traders in several countries, such as Malaysia, Indonesia, South Africa, Pakistan, and the EU. (CySEC) The Cyprus Securities and Exchange Commission has given Tradestone Ltd. license number 331/17. FBS offers margin trading on hundreds of assets and learning tools for traders and aspiring traders.
IFSC (International Financial Services Commission) controls the things that FBS does. Its job is to look into how well things are run to ensure that investors and traders are safe and protected. The IFSC helps the market grow healthily and quickly. It monitors how investment firms work to make sure they follow the rules of the legal and regulatory framework. This public body is in charge of how the stock exchange works. International financial laws will protect traders and never have to deal with legal issues. FBS cares about the rule of law and wants to solve problems fairly.
Cyprus Securities and Exchange Commission (CySEC) also monitors FBS. Its job is to keep the Forex market in Cyprus in order. CySEC oversees Forex trading by making rules and regulations for the industry.
FBS Kuwait Trading Platforms
FBS Kuwait trading platforms are online interfaces that let traders buy and sell currencies. These platforms have many advantages, such as a wide range of markets, access to trading charts, and up-to-date economic and news feeds. Also, there are live chat rooms where skilled traders and new investors can talk. Overall, they can save time and make you feel better.
The company’s services are available through FBS Trader, MetaTrader 4, and MetaTrader 5. All of these platforms come with easy-to-use and a variety of valuable features.
It is a robust platform for mobile devices. There are apps for both Android and iOS on the platform. Everything you need will be in the app. Also, you can watch the market and place an order in a few easy steps. You can trade stocks, foreign exchange, cryptocurrencies, metals, and energy with the FBS Trader.
With FBS trader, you also get customer service in your language 24/7. Also, there are more than 100 ways to deposit and withdraw money anytime. Also, if you use this app, you can get a $100 quick start bonus, an FBS 100 deposit bonus, up to 20% cashback, and access to over 170 popular assets.
FBS MetaTrader 4
FBS MetaTrader 4 lets you fully customize its settings and features, which makes the platform much more flexible and easy to use. MetaTrader 4, a powerful trading terminal for traders, is the choice of more experts who trade in Forex and other global markets.
With more than 50 indicators and multiple timeframes, traders can change their charts to meet their needs. It has a “trade from anywhere” feature so traders can trade using their phones or tablets. MT4 can be used on phones with iOS, Android, and Windows. This gives traders more ways to trade and makes it easier to make deals quickly and compare prices worldwide. MetaTrader 4 also has fast order execution, which reduces trade slippage and helps traders earn more profits. Still, it is the most famous trading platform, and traders worldwide trust it.
FBS MetaTrader 5
MetaTrader 5 gives you instant access to all the markets globally. This gives you more freedom, an easy-to-use interface, highly customizable chart settings, indicators, multiple time frames with customizable time bars on charts, 24/7 market coverage, etc.
It has many benefits for both new and professional traders. The platform is easy to use and accessible and gives low-cost access to the best financial instruments in the world.
You will also be able to use charting tools and 90 technical indicators. Traders can trade anything they want, whenever they want, with its embedded news and one-click trading. Also, the six pending orders, VPS support, hedging positions, economic calendar, and 21 various timeframes will make trading easy.
Account Types – FBS Broker Kuwait
FBS allows Standard and Cent Account traders to practice trading in a wide range of assets. Also, the platforms of MT4 and MT5 enable users to conduct demo trading. Before joining the live markets, the trade demo account is beneficial for developing trading strategies and styles.
This Account type is for skilled forex traders and investors who want to maximize their profits from the foreign exchange market. The spreads are competitive, and there’s no commission fee. FBS broker Standard Account allows traders to trade with leverage up to 1:3000 and delivers exciting bonuses. Traders can also open a Standard Account on the MetaTrader platforms and trade on a free demo account. Its initial deposit is $100.
New traders can engage in forex trading or copy trading by opening an FBS Cent Account. To start low-risk trading in the markets, users must make an initial deposit of only $1.
The Cent Account displays the account’s initial balance in cents. It is suggested that users test their new trading and swing strategies on this account type before risking into the live market with larger sums. The account lets traders trade with small lot sizes up to maximum leverage of 1:1000. It also allows traders to trade in various assets.
The Micro Account is ideal for traders who want to keep track of their daily earnings. Traders can assess their trading profits using the Trader’s Calculator and various highly advanced trading tools. To start social trading and asset investing, the minimum deposit is only $5, followed by account verification.
Traders who sign up for Micro Account can avail of many appealing bonus deals and promotions, such as Cashback, Level Up Bonus, and 100% Deposit Fees Bonus. With a spread of 3 pips and leverage of up to 3000:1. This account type will benefit experienced traders who want to learn trading strategies with minimal losses.
Zero Spread Account
The Zero Spread Account is intended for traders who want to open and close trading positions quickly to earn quickly. It has no spreads involved in the trading sessions. Trading through this account type lets traders maximize their earnings and make precise predictions about their market revenues.
Account holders are charged a $20 commission fee for each lot even though there are no trading spreads. The Zero Spread Account is for users who want to trade at high speeds by holding up to 200 pending orders and open positions simultaneously. FBS copy trade traders are offered a Level Up bonus and a 100% Deposit bonus.
Trading with an ECN account is a strategic method of profiting from the markets. This Account type enables users to buy and sell assets directly without the involvement of a broker. The minimum deposit fee for opening an ECN Account is $1000. This account offers traders the benefit of the fastest execution of market orders. Other broker benefits of the ECN Account details include:
- Relatively low spreads are starting at 1 pip.
- Instant access to the best market quotes.
- The availability of a large number of liquidity provider teams for trading.
The ECN Account allows users to place unlimited trades and hold multiple open positions simultaneously. The account has competitive spreads and a $6 commission fee.
FBS Crypto Account is the best for traders who want to trade various cryptocurrencies at a low spread choice. Conduct Bitcoin, Ethereum, and altcoin trading with a floating spread of 1 pip. FBS offers crypto trading with low spreads, fixed leverage of 1:5, and simple deposit methods. More than a hundred financial instruments are available for trading and investment in cryptocurrency.
How to open an account with FBS Kuwait?
Opening an FBS Forex Account in Kuwait
The steps below to create a personal account on the FBS Kuwait platform-
- New traders should go to FBS’s official website and click the Open account button on the home page to open an account.
- With your name and email address, fill out the registration form, then click the Register As A Trader button.
- Submitting government-issued ID proof documents is a must. This is for KYC verification to register successfully.
- Before making deposits to the real account, traders must verify their email addresses. New traders can now begin trading, investing, and withdrawing funds from their spreads account.
Other Important Features of FBS Broker
The best forex broker lets you trade with leverage based on how much money you have in your account and the location of the branch office. Users in the EU who have a Cent or Standard Account can use up to 30:1 leverage on their trading orders.
Traders outside the EU can trade with up to 500:1 leverage through the ECN Account, 1000:1 leverage through the Cent Account, and 3000:1 leverage for other types of accounts. At FBS, the margin requirement is 40% or less, and if you meet the margin call, the platform can close the trades of its users.
FBS offers the Forex Calculator tool that helps traders quickly and conveniently estimate the potential profitability of a forex trading decision. They can also use it to manage irregular market conditions before opening a trading position in the forex market. Also, the Forex Calculator helps compare trading parameters to enable traders to choose the right account type at FBS based on their trading needs. Using the forex trading calculator, the trader has to set the account type, lot size, major currency pairs to be traded, trading instrument leverage rate, ask price, and bid price.
FBS copy trading is a well-known type of trading in which traders copy the strategy of other traders to make profitable trades. Traders can achieve it by scanning for signals provided by market indicators or tracking the prices of specific currencies.
It is a trading strategy that lets you copy another trader’s strategy by replicating their trades across the same asset. You can sign up for FBS copy trading, find a trader whose style appeals to you, and link your accounts to copy the trades.
Even though the education feature isn’t needed, it’s a great way to find out what brokers are willing to offer to new traders. FBS has a lot of helpful information and advice about forex education. They help traders learn by providing them with a Forex Guidebook, Webinars, Glossary, Video Lessons, and Seminars.
You can reach out to an FBS broker 24/7 in several ways, like through WhatsApp, Telegram, Line, Viber, and Messenger. You can also talk to them via email, phone, and live chat.
After reading this FBS Kuwait review, we can say that it is a trustworthy service that both new and professional Kuwaiti traders should consider. They have a lot of features and tools, which makes it easy to get started. FBS Islamic Forex Accounts are the most famous account types in Kuwait as they comply with Islamic principles while trading.
Most deposits are instant, and the customer service team is helpful, so you can always count on them when you need them. Overall, FBS is a trustworthy broker with a license from the Belize International Financial Services Commission (IFSC) and has several international awards. So, if you are a Kuwaiti trader looking for a trustworthy broker, you’ve found one with FBS.