FBS Review
FBS is a global leader with a presence in over 150 countries. FBS offers a variety of technical indicators and comprehensive trading opportunities to clients. Mexicans are granted leverage of up to 1:3000 and bilingual assistance.
- Louis Schoeman
Updated : June 25, 2024
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 Withdrawals
Education and Research
Bonuses and Promotions
Affiliate Programs
Customer Support
Social Responsibility
Final Verdict
Pros and Cons
FAQ
Overall Rating
- 4.9/5
Min Deposit
USD 5
Regulators
FSC, ASIC, CySEC
Trading Platform
MT4, MT5, FBS App, WebTrader
Crypto
Yes
Total Pairs
550+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Overview
We lately observed the advancements of numerous Forex brokers in the Mexican sector, and FBS was particularly noteworthy. FBS has expanded significantly since its debut in 2009 and currently serves a substantial international community.
FBS has become a market leader, with traders and partners from more than 150 countries. FBS’s scale and dedication to accommodating its clients’ different requirements, especially those in Mexico, set it apart from other brokers.
Diverse trading communities are attracted to FBS due to its inclusivity, a huge advantage. For instance, by providing swap-free accounts, it guarantees that Muslim traders’ trading strategies are consistent with Islamic principles.
FBS provides dedicated regional support and competitive trading conditions. New and experienced traders favour the broker because of its commission-free trading with floating spreads as low as 0.9 pip.
FBS’ ability to satisfy local market demands is illustrated by the simplicity of cash withdrawal, which encompasses various payment methods and local exchangers.
Over the years, FBS has been recognized with many awards for its dedication to delivering exceptional service and dependability.
As per our investigation, FBS was awarded the esteemed title of “Best Forex Broker in Africa” in 2023. Additionally, it has been acknowledged for its worldwide recognized Introducing Broker (IB) Program.
Based on our findings, FBS is an exceptional option because of its customized services, straightforward transaction procedures, and supportive environment that acknowledges and honours a given location’s unique cultural and economic aspects.
Will traders from Mexico be accepted by FBS as trading clients?
Yes, traders in Mexico have the option to register with FBS to utilize their services.
What types of spreads may Mexican traders anticipate from FBS?
FBS offers competitive floating spreads with a minimum of 0.7 pips.
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 | 90 MXN ($5) |
| 🛑 Inactivity Fee | None |
| 📞 Website Languages | English, German, Spanish, French, Italian, Portuguese, South African, 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 an account | Open Account |
Regulation and Safety of Funds
Mexico‘s National Banking and Securities Commission (CNBV) and Banco de México (Banxico) do not regulate FBS. However, FBS’ global regulations are tabled below.
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 |
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 Mexico's National Banking and Securities Commission (CNBV) and Banco de México (Banxico) oversee the company’s activities?
No, neither the National Banking and Securities Commission (CNBV) nor Banco de México (Banxico) oversees FBS’ operations in Mexico. Still, the company is subject to global IFSC, CySEC, ASIC, and FSCA regulations.
What actions does FBS take to safeguard the funds in my account?
FBS maintains your funds in separate accounts, which are inaccessible to the broker for operational reasons.
Awards and Recognition
On the FBS website are several awards that FBS has won since 2009. The latest awards we found are as follows:
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 provides Mexicans with a competitive edge in dynamic markets by providing competitive trading conditions on a single account. This retail account is adaptable and meets the requirements of the majority of traders.
We will examine the account’s elements and the options open to us as Mexicans.
| 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 | 90 MXN ($5) |
| 👉 Open an account | Open Account |
Retail Account
The FBS Retail Account is an exceptional option for novice Forex traders in Mexico.
Opening this account takes only a $5 (90 MXN) deposit, one of its most advantageous attributes. Anyone who wants to experiment with trading without incurring substantial risk can do so due to the minimal initial investment requirement.
Mexicans can minimize their trading expenses when trading key currency pairs by taking advantage of the account’s competitive floating spreads, which start from 0.7 pips. The FBS Retail Account permits leverage of up to 1:3000 on key currency pairs.
Timely execution is essential in the Forex market due to its rapidity. Additionally, the account lets traders test various trading methods by allowing them to maintain up to 500 open positions and 200 pending orders. Market execution typically occurs within 0.01 seconds.
Mexican traders can utilize the FBS Retail Account with confidence as it is compatible with MetaTrader 4 and MetaTrader 5, and there are no commission fees.
Professional Account
The FBS Professional Account is designed for more experienced traders who require more advanced tools and tighter spreads. Professional traders may also be more inclined to deposit a minimum of $200 (3,600 MXN) to utilize FBS’s sophisticated trading tactics.
The Professional Account gives traders a maximum leverage of 1:3000, letting them achieve the highest possible profit.
The Virtual Private Server (VPS) is an additional exceptional feature of the Professional Account that guarantees uninterrupted trading, particularly for users of automated trading systems.
With this account, traders can flexibly diversify their portfolios across various trading assets, including Forex, indices, equities, and commodities. A personal account manager, specialized guidance, and devoted customer service are further advantages that professional traders enjoy.
Demo Account
The FBS demo account is designed for novice and seasoned traders, enabling Mexican traders to experiment with trading techniques using virtual cash without risking their own money.
In our opinion, the FBS demo account’s greatest asset is its adaptability. The virtual balance can be updated to reflect the actual amount of investment. This enhances the relevance and utility of the practice experience for Mexican traders.
Registering a demo account with FBS was straightforward since it allowed selecting a trading platform (MT4 or MT5), account currency, and virtual balance.
Additionally, the account offers customers access to all live account marketplaces and assets, such as FX, metals, and indices, which offers a comprehensive market picture.
Because of the realistic trading environment and real-time market data, Mexican traders can refine their abilities, establish winning strategies, and enhance their confidence by utilizing the FBS demo account.
The demo account’s availability for 45 to 90 days was a positive aspect of our testing of this account, as it provided traders with ample opportunity to become acquainted with the platform and market circumstances.
Islamic Account
To guarantee Sharia compliance, FBS established an Islamic account specifically designed to meet the requirements of Muslim traders in Mexico. It is swap-free and adheres to Islamic finance rules by not charging overnight interest.
It offers competitive floating spreads and market execution in less than 0.3 seconds, starting from 1 pip. Furthermore, traders can limit risk with leverage options ranging from 1:30 to 1:500.
With platforms such as MetaTrader 4 and MetaTrader 5, Mexican traders can test various markets and trading styles, ranging from cautious to aggressive. They offer access to over 60 trading instruments.
Overall, the FBS Islamic account fosters inclusivity in trading and religious compliance.
Is it necessary to deposit a substantial sum of money to engage in trading with FBS in Mexico?
No, you can start trading on the standard FBS retail account with a minimum deposit of only $5 (90 MXN).
Which markets are accessible to Mexican traders through their FBS accounts?
Mexican traders can trade indices, currency, metals, and other markets on their FBS accounts.
FBS Account Registration
FBS account registration takes only a few minutes, and the broker will notify traders about the status of their accounts within a day or two. We signed up for the FBS by following these steps:
Step 1 – Click on the trading conditions button.
Go to the FBS website and hover over “Trading” in the main toolbar, then select “Trading Conditions” under “General Info.” This takes you to the retail account page, where you can review its features, conditions, and benefits to ensure it fits your risk management strategy, goals, experience level, and trading style.
Step 2 – Click on the open account option.
Click “Open Account” under “Instant Opening” to begin.
Step 3 – Fill out the form.
Use your Google or Facebook credentials to sign up quickly, or choose your account currency, provide your name and email address, and accept the terms and conditions. You must confirm your email after clicking “Register.” FBS will send you a confirmation email; follow the instructions to verify.
FBS vs. CMTrading vs. Exness – Broker Comparison
| FBS | CMTrading | Exness | |
| ⚖️ Regulation | 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 Account | Yes | Yes | Yes |
| 📈 Min Deposit | 90 MXN ($5) | 1,200 MXN (AU$100) | 180 MXN ($10) |
| 📈 Leverage | Up to 1:3000 | 1:200 | Unlimited |
| 📊 Spread | From 0.7 pips | From 0.9 pips | Variable, from 0.0 pips |
| 💰 Commissions | $0 | 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 |
| ⚖️ SFC Regulation | No | No | No |
| 💳 MXN Deposits | No | No | No |
| 📊 MXN Account | No | No | Yes |
| 👥 Customer Service Hours | 24/7 | 24/5 | 24/7 |
| 📊 Retail Investor Accounts | 1 | 4 | 5 |
| ☪️ Islamic Account | Yes | Yes | Yes |
| 📉 Minimum Trade Size | 0.01 lots | 0.01 pips | 0.01 lots |
| 📈 Maximum Trade Size | 500 lots | Unlimited | Unlimited |
| 💸 Minimum Withdrawal Time | 15 minutes | 24 to 48 Hours | 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 an account | Open Account | Open Account | Open Account |
Trading Platforms
FBS, a MetaTrader broker, ensures their trading conditions and features work with these powerful platforms, giving Mexicans a dynamic trading environment to enhance their tactics and judgments.
Mexican traders will benefit most from these platforms and features:
FBS Trader
FBS’s mobile trading platform and trading conditions create a lively atmosphere. According to our platform analysis, Mexican traders can easily use FBS Trader. The platform’s user-friendly layout lets traders of all levels navigate and finish transactions fast.
FBS Trader has a large asset variety. Moreover, mobile devices offer over 120 financial assets, including stocks, metals, currencies, and indices.
With this diverse selection of instruments, traders can diversify their portfolios without additional platforms. Live price charts and information help you trade on the go. FBS Trader’s unique payment alternatives help Mexican traders.
Support for local and international payment methods lets traders deposit funds into their retail accounts and withdraw profits without delays or hefty transaction costs.
This cutting-edge app’s 24/7 expert multilingual customer support assures Mexican traders that they can get assistance anytime.
MetaTrader 4
The smooth integration of FBS’s trading conditions into MetaTrader 4 (MT4) improved our trading experience. We found FBS’s MT4 modification helpful for customizing the trading experience. Multiple chart layouts and technical indicators are available on the website.
In our trading and research of MT4, we found fast execution, competitive spreads, and robust analytical features. This ability to customize the trading interface can help Mexican traders with market-driven trading techniques.
Direct market execution is a major benefit of MT4 with FBS. This function speeds up trades, minimizing slippage and improving order execution accuracy in forex trading, where market circumstances change swiftly.
We also found the platform quite robust and reliable, which is great for traders who use it regularly. MT4 ran smoothly during our testing, thus we can recommend it to Mexicans.
MetaTrader 5
FBS helps MetaTrader 5 (MT5) include more technical indicators and complicated order types. Mexican traders benefit from MT5’s ability to trade forex, equities, and commodities on one platform.
Our observations show that this lets traders diversify their investment portfolios without using numerous platforms. We found the platform’s additional timeframes and graphical features handy for in-depth market research.
The automated trading experience provided by MT5’s utility programs and trading robots could revolutionize strategy optimization.
Mexican traders benefit from MT5’s ability to trade forex, equities, and commodities on one platform.
MT5’s ability to design and adapt robots helps Mexican traders automate their processes. With FBS, MetaTrader 5 (MT5) improves on its predecessor to fulfil Mexican traders’ complicated needs.
Does FBS only offer one platform to Mexican traders?
No, Mexican traders can use MetaTrader 4, 5, and the FBS Trader app.
Is MXN accepted to fund Mexican traders' accounts?
Yes, the FBS Trader app accepts local and international payments, although conversion costs might apply.
Range of Markets
Mexicans have enough liquidity due to the FBS’s limited market coverage. FBS also assures competitive trading for all instruments. For FBS registration, you can trade in these markets:
| 📌 Instrument | 📑 Number of Assets Offered | 📈 Max Leverage Offered |
| Forex | 71 | 1:3000 |
| Cryptocurrencies | 5 | 1:33 |
| Indices | 11 | 1:33 |
| Stocks | 500+ | 1:5 |
| Precious Metals | 8 | 1:333 |
| Energies | 2+ | 1:100 |
Overall Rating
- 4.9/5
Min Deposit
USD 5
Regulators
FSC, ASIC, CySEC
Trading Platform
MT4, MT5, FBS App, WebTrader
Crypto
Yes
Total Pairs
550+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Leverage and Margin
We conducted an exhaustive examination of FBS’s margin and leverage policies as part of our investigative efforts into its Mexican trading services.
Forex traders who register with FBS can select from various leverage choices, including the cautious 1:1 and the aggressive 1:3000, which can greatly increase their trading strength.
We also found that the margin requirement, or the minimum amount of capital necessary to initiate and sustain a leveraged position, is contingent upon the chosen leverage.
For instance, Mexican traders require a margin of 0.033% while employing 1:3000 leverage, whereas those employing 1:50 leverage must pay a margin of 2%.
Mexican traders can select a level of leverage that aligns with their risk tolerance and trading strategy by employing a tiered approach to margin requirements. The broker can automatically modify leverage per the trader’s account equity level due to the flexibility of FBS leverage.
For instance, the maximum permissible leverage for equity securities priced between $0 and $199 is 1:3000. The allowed leverage lowers as equity increases to preserve an appropriate level of risk.
FBS has implemented additional risk management procedures to provide traders with additional protection in case of a decrease in their account balance, including a 40% margin call and a 20% stop-out barrier.
Additionally, we found that FBS is exceedingly forthcoming on leverage and margin. The Personal Area lets traders make informed leverage decisions by displaying their equity and margin amounts.
Mexican traders are generally provided with a secure and adaptable platform that includes FBS margin and leverage options.
Must Mexican use a fixed leverage to trade with FBS?
No, FBS leverage is flexible; the broker automatically adjusts based on trader account equity.
Can Mexican traders lose money?
Yes, Mexican forex traders must be aware that they can always lose money, but FBS offers risk management methods like a 20% stop-out barrier and a 40% margin call to safeguard them.
FBS Spreads and Fees
FBS has a single pricing schedule, unlike brokers with several account tiers. FBS’s single retail account’s competitive conditions and straightforward fees help Mexicans determine trading costs.
Spreads
We evaluated FBS retail account spreads to assist Mexicans in comprehending trading fees. FBS gives complete market spread data. FBS offers a competitive fixed spread for EUR/USD, a widely traded currency pair, at 0.7 pips.
This minor difference helps traders trade profitably while reducing the influence on prospective gains.
Commissions
We found no commission costs on the FBS retail account. By including broker fees in the spread, FBS reduced its trading costs. This integrated cost structure will benefit Mexican traders because it eliminates trade-specific percentages.
The absence of separate fees is a major selling point, especially for traders prioritizing trading strategies over expenses.
Overnight Fees
Leaving a forex trade open overnight results in overnight or swap rates because currency interest rates vary. FBS makes overnight position fees easily accessible on its website to assist traders in comprehending them. FBS also offers swap-free accounts for Islamic clients.
Deposit and Withdrawal Fees
FBS charges the following deposit fees:
BBVA Bancomer – 1.25%
Scotiabank – 1.25%
Transferencia Bancaria – 1.25%
FBS charges the following withdrawal fees:
Credit/Debit Card – Up to 2 EUR
BBVA Bancomer – 1% + 1 USD
Skrill – 1 – 2% + 0.29 EUR
AstroPay – 0.5%
Banco Azteca – 1% + 1 USD
Neteller – 2%
Perfect Money – 0.5%
Scotiabank – 1% + 1 USD
Inactivity Fees
According to our investigation, FBS inactivity fees do not apply to Mexican traders’ accounts. Thus, Mexican traders can take breaks without paying penalties.
Currency Conversion Fees
While FBS does not charge for currency conversion, traders should know that transferring funds into and out of their MXN account will incur expenses. The banking institution or payment processor normally includes this expense in the exchange rate.
Does FBS charge withdrawal fees to Mexican traders?
Yes, FBS charges withdrawal fees, depending on the withdrawal method used.
Does FBS take a commission on trades?
Does FBS take a commission on trades?
FBS Deposits and Withdrawals
FBS offers Mexican traders various conventional deposit and withdrawal methods. Discover how traders can deposit and withdraw money in Mexico using this reliable method that we’ll indicate below.
📚 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
Deposits
How to Deposit using Bank Wire Step by Step
✅ Enter the FBS Personal Area.
✅ Select ‘Deposit’ from the ‘Finances’ menu.
✅ Choose ‘Bank Wire’ as your payment option.
✅ Kindly submit banking information and specify the deposit amount.
✅ Verify the information and transfer the funds from your bank account. FBS processes bank wire transfers within 5-7 working days.
How to Deposit using Credit or Debit Card Step by Step
✅ Access the FBS Personal Area by logging in.
✅ Select ‘Deposit’ from the ‘Finances’ menu.
✅ Select ‘Credit/Debit Card’ as your deposit method.
✅ Enter the deposit amount and the card details.
✅ Verify the transaction. Depending on the bank, deposits are processed instantly for seven days.
How to Deposit using e-Wallets or Payment Gateways Step by Step
✅ Access your FBS Personal Area by logging in.
✅ Click on “Deposit” under the “Finances” section.
✅ Skrill or Perfect Money may be chosen per FBS’s Mexican offerings.
✅ Please deposit the necessary amount and log in to your e-wallet to verify. Deposits are often completed promptly; however, they may require several hours to be reflected in your trading account.
Withdrawals
How to Withdraw using Bank Wire Step by Step
✅ Enter the FBS Personal Area.
✅ Select the ‘Withdrawal’ option in the ‘Finances’ column.
✅ Choose ‘Bank Wire’ as your withdrawal method.
✅ Please furnish the bank information and the withdrawal amount.
✅ Verify the withdrawal request. The majority of bank wire withdrawals need around five to seven business days.
How to Withdraw using Credit or Debit Cards Step by Step
✅ Select ‘Withdrawal’ from the ‘Finances’ menu.
✅ Select ‘Credit/Debit Card’ as your withdrawal method.
✅ Choose the amount of money you wish to withdraw and give the information associated with your credit card.
✅ Verify the withdrawal. Processing can take between one and seven business days.
How to Withdraw using e-Wallets or Payment Gateways Step by Step
✅ Access to the FBS Personal Area is required to withdraw funds through e-wallets or payment gateways.
✅ Select the ‘Withdrawal’ option in the ‘Finances’ column.
✅ Select an e-wallet (Sticpay, Perfect Money, Skrill, or Neteller) for withdrawals.
✅ Confirm the transaction details and enter the desired withdrawal amount. Withdrawals are executed from minutes to hours, contingent upon the e-wallet service.
What e-wallet choices are available to Mexican traders for depositing funds into FBS?
Mexican traders can deposit with FBS via Skrill, Neteller, Perfect Money, or AstroPay.
Which technique can Mexican traders use quickly to withdraw funds from their FBS accounts?
E-Wallets are the most efficient withdrawal method for Mexican traders, as it just requires a few minutes to receive their funds.
Education and Research
FBS may have a basic trade offering, but they do not skimp on educational materials or trading tools. Mexicans can expect the following.
| 📅 Economic Calendar | Yes |
| 📍 VPS | Yes |
| 💱 Currency Converter | Yes |
| 🧾 Glossary | Yes |
| 🗩 FAQ | Yes |
| 🧮 Forex Calculators | Yes |
| 📰 News Feed | Yes |
| 💻 Blog | Yes |
| 📚 eBooks | Yes |
| 📱 Educational Videos | Yes |
| 📊 Platform Tutorials | Yes |
| 📶 Webinars | Yes |
| 📡 Seminars | Yes |
| 🌐 Live Support | Yes |
Can Mexican traders participate in seminars offered by FBS?
Yes, Mexican traders can participate in seminars offered by FBS.
Yes, Mexican traders can participate in seminars offered by FBS.
Yes, FBS has a blog that covers a variety of intriguing themes that traders can benefit from.
Bonuses and Promotions
However, FBS does not offer active trading bonuses; their Introducing Broker (IB) is a profitable affiliate scheme for Mexicans. Partners in this program have the potential to earn up to 43 percent of the spread on transactions performed for referred clients.
The monthly commission percentage of a partner is determined by their “Grade” in the program, which the average commission determines over the previous three months.
This structured approach motivates partners to seek and keep recommended clients to optimize their income.
Affiliate Programs
Features
Through the Introducing Broker (IB) Program, FBS’s partnership program allows Mexican business owners and traders to augment their revenues by utilizing client referrals and word-of-mouth advertising.
The program’s extensive features and benefits are why we classified it as one of the top FX brokerage affiliate programs. The rate is updated based on the partner’s three-month performance, and partners can earn up to 43% of the spread by recommending traders.
Partners are granted rapid liquidity, which is necessary for several enterprises, through daily distributions, enabling them to withdraw commissions at their discretion.
The “Cascades” multi-level collaboration structure of FBS strengthens the IB Program. In this structure, partners can earn a 40% commission by adding 20% to direct referrals, resulting in a layered commission structure that increases participant profitability.
FBS’s comprehensive array of tools and resources assists partners in the operation and expansion of their businesses by offering training and trading signals to facilitate the success of referrals, consequently boosting partner commissions.
How to Register an Affiliate Account with FBS Step-by-Step
Step 1 – Click on the IB program option.
Visit the FBS homepage and select the main menu. Select “FBS IB Program”.
Step 2 – Click on the open account button.
Before applying for affiliate status, Mexicans should review the program’s terms and conditions to ensure they understand and meet the requirements. Click “Open A Partner Account” on the main affiliate page.
Step 3 – Fill out the form.
Fill out personal information – complete all mandatory fields with your name, email address, phone number, and other requested information. Secure your affiliate account with a strong password.
What does it mean to be an affiliate of a broker like FBS?
When you become an affiliate, you partner with a reputable broker. When you start referring clients, you are compensated when you start receiving commissions based on the trades your referred clients execute.
What actions must Mexican traders take to participate in the FBS Affiliate Program?
They can sign up as an affiliate from the dedicated section on the FBS website. This includes completing a registration form, providing information on their affiliate strategy, and verifying their account.
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
Is it possible for Mexican traders to get FBS customer assistance through social media?
Is it possible for Mexican traders to get FBS customer assistance through social media?
Do the customer support personnel at FBS respond to the emails of traders?
Yes, FBS customer service teams often respond to emails on the same or the following business days.
Social Responsibility
During our FBS examination, we could not locate any reference to corporate social responsibility initiatives on the broker’s website.
We examined other sources to inquire about FBS’s corporate social responsibility initiatives and found that the broker has supported educational and socially conscious initiatives.
FBS was the subject of a podcast in 2023, during which Diego Lima, the Business Development Manager for Africa, discussed the cooperation between FBS and Education Africa. The podcast discussed the promotion and significance of STEM education by large organizations.
The CSR programs of FBS are not widely advertised on their website; their actions provide evidence of their dedication to social responsibility.
User Comments and Reviews
“How FBS deals with withdrawals is something I like. Before the time when I received my first payment, I was concerned about it.”
“According to me, their service is the greatest I have ever experienced.”
“I have been utilizing their service for a year, and I hope to become an ardent trader with them gradually.”
“My experience with other brokers has led me to believe that FBS is exceptional.”
“Because I know that this broker can be relied upon, I will continue to work with them.”
10 Best Forex Brokers in Mexico
Rank
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Conclusion
Our comprehensive assessment of FBS as a forex and CFD broker for Mexican traders identified numerous critical features that render it an exceptional option:
The simplicity and transparency of FBS make it a perfect choice for Mexican traders.
Starting at 0.7 pips, FBS offers competitive fixed spreads for the EUR/USD pair and a straightforward fee structure.
We value clear pricing since it lets traders control their trading costs without worrying about hidden fees.
Financial planning is simplified by zero commissions, which enable traders to concentrate just on strategy.
We found that FBS provides exceptional instructional support and trading resources, such as the Forex Guidebook, instructive videos, and webinars. Mexican traders can employ market analytics and economic calendars to make better-educated trading decisions.
Traders seeking a diverse array of markets or specialist trading may find FBS less advantageous than some of its competitors due to its limited selection of trading instruments and advanced features.
FBS offers reliable customer service; nonetheless, traders anticipating more customized assistance might be disappointed.
We also found that FBS does not support MXN deposits, withdrawals, or trading accounts, which could result in currency conversion fees.
FBS offers conventional funding and withdrawal methods along with a few local payment methods for Mexico
Our Insight
Although drawbacks exist, FBS remains a reliable choice for Mexican traders who are seeking a trading environment that is straightforward, transparent, and inspiring.
Our Recommendations on FBS
Consider opening accounts in the Mexican 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 that traders can choose one based on their experience level, risk tolerance, and trading strategies.
Create educational resources that address Mexican traders’ needs and challenges, such as local market research and techniques tailored to the country’s economic climate.
Organize workshops and trade shows in Mexico to foster a sense of community among local traders and provide networking opportunities.
Consider bringing back the Copy Trading feature, which allows traders to mimic the trades and strategies of more experienced traders.
Boost the dissemination of information regarding corporate social responsibility (CSR) initiatives and campaigns to ensure that traders are aware of FBS’s active involvement in the community.
FBS Pros and Cons
| ✅ Pros | ❌ Cons |
| Spreads start from 0.7 pips and include all trading costs, which means that Mexicans 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 Mexicans | No investor protection available to Non-EU clients |
| Mexicans can use several payment methods to deposit and withdraw funds | FBS does not have an MXN-denominated account for Mexicans |
| Well-regulated and offers several risk management tools and security features | FBS does not have an MXN-denominated account for Mexicans |
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Frequently Asked Questions
What trading platforms are available with FBS?
What trading platforms are available with FBS?
Is there a maximum limit on withdrawals with FBS?
FBS does not impose a maximum limit on withdrawals, allowing traders to withdraw their funds per their trading needs and preferences.
Does FBS offer Islamic trading accounts?
Yes, FBS provides Islamic trading accounts, also known as swap-free accounts, which comply with Sharia law principles, making them suitable for Muslim traders who seek to trade without accruing or paying interest.
What educational resources does FBS offer to traders?
FBS offers comprehensive educational resources, including webinars, seminars, video tutorials, and articles to help traders enhance their trading knowledge and skills.
How does FBS ensure the security of client funds?
FBS prioritizes the security of client funds by segregating them from the company’s operational funds and offering negative balance protection, ensuring that clients cannot lose more than their deposited funds.
