The global financial system as we know it is rapidly changing. When the world’s economy was seriously shaken by the global financial crisis the advanced economies found themselves facing severe debt problems the likes of which they had never seen before. The emerging markets, on the other hand, have proved to be much more resilient to the financial shocks and are now dominating the market.
Currently, Europe is suffering from unprecedented debt turmoil. The currency union’s break-up has become a widely discussed possibility and high yields on its peripheral debt show that investors are very nervous. Last year the US survived its first credit downgrade in history due to enormous budget deficits – a significant blow for the world’s largest economy. Japan, which is vulnerable to devastating earthquakes and burdened with the biggest government debt in the world also stands in the row of suffering nations. In order to revive stagnating economies the central banks of developed states have to engage in continuous monetary stimulus. There are no short answers to these problems, only long-term investment strategies can bear fruit.
All these developments create a high level of uncertainty in global financial markets. In such an environment more and more traders, who seek good returns without investing large funds, turn to the foreign exchange market – the most liquid market in the world.
FBS believes that the future of foreign exchange trading lies in Asia. There can be no doubt that the region is the rising star of finance. During the last few decades its financial awareness has been constantly rising, becoming well known for its well organised and efficient financial services industry. The Asian economy is benefiting from a developing financial culture. One of its most distinguishing features is that more and more people are willing to participate in the streaming life of financial markets.
Foreign exchange trading is currently extremely popular in Asia, where the technological boom has made it available to a wider audience. In addition, such activity is associated with financial independence, self-employment with flexible working hours, as well as with the prestige of belonging to the financial community élite.
In October 2009 Bloomberg asked investors, traders and analysts where the best place for financial business is. The results of the survey showed that Asian financial centres such as Singapore and Shanghai are rapidly growing in popularity. According to the Bank for International Settlements’ (BIS) Triennial Central Bank Survey of Foreign Exchange and Derivatives Market Activity, published in December 2010, Asia-Pacific is now the second-most active region for overall foreign exchange turnover and amasses $1.2trn in daily turnover. For instance, Hong Kong’s share of global currency turnover rose from five percent in 2007 to 20 percent a year ago.
Furthermore, Asia has quite promising economic prospects. Take a look at China, the nation which vehemently withstood the pressure caused by the Lehman Brothers collapse and the global financial crisis which followed thereafter. Of course, the risks are high: in the modern globalised world the economies are too interconnected and the reduced European demand for Chinese and Asian goods in general will affect the region’s economy.
Nevertheless, compared to the developed world, emerging Asian economies still seem to have a much better outlook than their competitors.
Slowly but surely the borders in Asia have opened. In 2010 China took the Yuan off its de facto dollar peg and the currency gradually began to reflect the market’s demand, while in 2011 Chinese authorities allowed Yuan options trading. Although the pace of China’s GDP growth is declining, the nation seems determined to conduct the required reforms necessary for rebalancing the economy from exports and investment to consumption. Asia is the land of rapidly growing global financial centres and the place where billions of individual traders take their chances buying and selling foreign currencies.
One of the best feelings about starting to trade on the foreign exchange market is becoming a client of a proper brokerage company. Today, there are a large amount of companies working in the market which offer the same services and do not set themselves apart from their competitors. However, there are still some leading companies that differ from others because of their reliability, attitude towards clients and their good services.
Every reason to trade
Formed in early 2008, FBS is now recognised as a leader in the forex market. The broker’s customers now number 150,000 in more than 50 countries. FBS has offices in 16 countries in Europe and Asia, including its main offices in Kuala Lumpur, Shanghai, Jakarta and St Petersburg.
FBS is a fast growing company. It has already proved itself a reliable investment in Asia. The company has a deep understanding of the mentality of Asian traders and their specific needs and adjusts its client-oriented policy to accomodate these values.
The quality and reliability of FBS has been noted by a number of independent institutions from the international currency market. FBS has twice been awarded Best Mini-Forex Broker in both 2010 and 2011 in World Finance’s Foreign Exchange awards and now has been awarded Best Forex Broker in Asia for 2012.
The rapid development of FBS in Asia is made possible by its wide regional expansion and the new approach adopted to online commerce. Its dedicated team of highly educated and experienced professionals constantly work on the enhancement of FBS’s services. The company now offers three types of accounts, each of them designed to fit the needs of a specific groups of traders. These are micro accounts with fixed spread, standard accounts and ECN/STP accounts.
In order to trial working with FBS each trader is entitled to a demo account with a free $5 deposit to trade on the live markets. Using this free gift traders have the opportunity to evaluate the advantages of trading with FBS without depositing any of their own funds.
Insuring against loss
Analytical support is one of our strongest advantages. FBS’s analytical department consists of leading market research experts. FBS analysts provide daily reviews, analytical articles, comment pieces, as well as news on European, Asian and American foreign exchange markets. Each trader has free access to analytical reviews, articles, comments and world news in order to feel more confident about making the right decisions when committing to each transaction.
Customer support is also a primary concern. Regardless of the type of trading account or the amount of an investor’s deposit, each client is equally valuable. Competent and experienced employees are always ready to help traders and solve problems quickly.
It is not uncommon for people to avoid entering the forex market because of the high risk in this trading field. But now there is no more reason to be afraid. FBS has launched a new service that will guarantee total protection of a trader’s capital. FBS is the world’s first broker that offers its clients an opportunity to get their lost money back. A trader can insure from 10 percent to 100 percent of a deposit. In case the initial deposit is lost, FBS will return the insured amount at once. This new service allows traders to stop worrying about loss and focus only on making profit.
Everybody knows that the key to successful trading is choosing the right broker. The dependability of a brokerage company, its reputation, the services offered and its attitude towards customers – these are the main factors a trader needs to consider before investing in forex. That is why FBS is a trader’s best choice – a large broker that has proved itself as an innovator and leader in the international foreign exchange market.