Our FBS Minimum Deposit Revealed.
- ✔️Minimum Deposit
- ✔️Deposit fees and deposit methods
- ✔️Step by step guide to depositing the minimum amount
- Pros and Cons
Minimum Deposit
FBS has a minimum deposit requirement of $1.
When traders register a live trading account with FBS, they can expect a minimum deposit that starts from 1 USD or 15 ZAR at the average exchange rate between the United States Dollar and the South African Rand.
FBS is a multi-regulated and reputable Broker that offers some of the best client fund security by keeping client funds in segregated accounts with top-tier brokers. These funds are held separately from the broker account, and they are not used for anything except for trading activities.
Traders have access to their funds for withdrawal at any given time without any hassles. Strict regulation also means that FBS offers a safe, fair, and transparent trading environment for all traders.
Deposit fees and deposit methods
FBS charges deposit fees when traders use Sticpay to deposit the minimum amount. With Sticpay, traders are subject to commissions of 2.5% and an additional $0.3 commission. Traders can use any of the following deposit methods when they fund their trading account.
When traders deposit the minimum deposit, they can use the following deposit currencies.
- USD
- EUR
Step by step guide to depositing the minimum amount
Once traders have verified their live trading account, they can deposit their initial funds by following these steps.
- Select ‘deposit’ from the ‘Finances’ section in the client portal.
- Choose the preferred method of payment and select ‘deposit’.
- Select the trading account that traders wish to fund, should they have more than one, and enter the amount they wish to deposit.
- Confirm the deposits on the next page to finalize the deposit.
When depositing funds, traders must ensure that they use a bank account with a name that is the same as the name that traders used when they registered for their FBS live trading account. FBS prohibits third-party payments and payments from unknown sources.
If funds are received from suspicious or unknown accounts, they will be returned, and traders may be held liable for any processing fees on such transactions. These requirements form part of strict Anti-Money Laundering policies that FBS follows.
Pros and Cons
| PROS | CONS |
| The minimum deposit amount starts from $1 | Currency conversion fees may apply |
| Variety of reliable payment methods offered | Only USD and EUR accepted as deposit currencies |
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FAQ
What is the minimum deposit required to open an account with FBS?
$1.
How do you make a deposit and withdraw money with FBS?
- Credit/Debit Card
- Neteller
- Sticpay
- Skrill
- Perfect Money
- Local exchanges
Does FBS charge withdrawal fees?
Yes, FBS charges the following withdrawal fees according to certain payment methods.
- Credit/Debit Card – $1 commission
- Neteller – 2% with a minimum commission of $1 and a maximum of $30
- Sticpay – 2.5% along with a commission of $0.30
- Skrill – 1% along with a $0.32 commission
- Perfect Money – 0.50% commission
How long does it take to make a withdrawal?
This will depend on the payment method that the trader uses. Payments may reflect instantly, or they could take several days.
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