FBS – Account Types

FBS – Account Types

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FBS - Account Types

 

Over 16 000 000+ Traders

Overall Rating

4.7/5

Rated #71 of
Recommended FX Brokers

💰Minimum Deposit

USD 1

🌐 Regulators

IFSC, FSCA (south africa), ASIC, CySEC

📱 Trading Desk

MetaTrader 4, MetaTrader 5, FBS Trader – all in one mobile trading pltform, CopyTrade

Crypto

Yes

📈 Total Pairs

35

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

instant

Welcome bonus

$140 (Find out More)

🏛️ Visit Broker

FBS

FBS has launched a new type of account specifically for trading cryptocurrencies.

The new Crypto account has over 100 instruments with digital currencies.

BTC, LTC, and ETH are just some of the instruments that will be available for trading against other cryptocurrencies or against more traditional currencies, commodities, and other instruments.

  • – Currency: USDT (Tether)
  • – Leverage: 1:5
  • – Initial deposit: from $1
  • – Commission on opening positions: 0.05%
  • – Commission on closing positions: 0.05%

 

Our FBS Account Types Revealed:

 

FBS Overview

Established in 2009, FBS is a Belize-based ECN and STP broker that offers a wide range of CFD and forex trading instruments that are spread across several asset classes. FBS has been in operation for more than a decade and during the past few years, it has grown in strength and popularity.

 

FBS has offices across several regions worldwide and the official website is available in more than 17 different languages, ensuring that traders can receive information, products, and services in a language with which they are comfortable.

 

Every day FBS sees thousands of accounts that are registered, and the broker has millions of registered traders from more than 190 worldwide countries, making it a globally recognised brand.

 

Traders can buy, sell, and exchange more than 75 different tradable instruments through powerful and flexible trading platforms, using one of several trading accounts offered by FBS.

 

FBS uses an ECN and STP execution model, which means that all orders are sent to market makers and liquidity providers and that FBS does not take the opposite side of the trade, nor does FBS benefit from the trading losses of its clients.

 

FBS Account Types

FBS provides traders with a choice between six comprehensive and flexible account types that feature unique and dynamic trading conditions that suit different types of traders. The account types that traders can expect when they trade with FBS are as follows:

  • Standard Account
  • Cent Account
  • Micro Account
  • Zero Spread Account
  • ECN Account
  • Crypto Account

 

FBS Account Features

Standard Account

The Standard Account is the perfect account option for traders who want to experience a conventional trading experience with competitive spreads, commission-free trading, and other standard specifications, including:

  • A minimum deposit of $100
  • Variable spreads from 0.5 pips EUR/USD
  • Commission-free trading
  • Leverage up to 1:3000
  • A maximum of 200 open and pending orders
  • A maximum order volume of between 0.01 to 500 lots
  • STP Market execution from 0.3 seconds
  • Access to a 100% deposit bonus
  • Access to 35 forex pairs, 4 metals, indices, 33 stocks
  • Access to use MetaTrader 4 through which trades can be executed
  • Access to a demo account and the option for an Islamic Account

 

Cent Account

The Cent account is the perfect option for beginner traders because it is inherently low risk. This account is also perfect for more advanced traders who want to test their trading strategies. The Cent account has the following specifications:

  • A low minimum deposit requirement of $1
  • Floating spreads that start from 1 pip EUR/USD
  • Commission-free trading
  • Leverage up to 1:1000
  • A maximum of 200 open and pending orders
  • A maximum order volume of between 0.01 to 1,000 cent lots
  • STP Market execution from 0.3 seconds.
  • Access to 35 forex pairs, 4 metals, indices, 33 stocks
  • Access to use MetaTrader 4 through which trades can be executed
  • Access to a demo account and the option for an Islamic Account

 

Micro Account

The Micro account is suited for traders who are meticulous about their profits. With the Micro Account, traders are granted access to a wide range of useful trading tools including different trading calculators. The specifications on this account type are:

  • A low minimum deposit requirement of $5
  • Fixed spreads from 3 pips EUR/USD
  • Commission-free trading
  • Leverage up to 1:3000
  • A maximum of 200 open and pending orders.
  • A maximum order volume of between 0.01 to 500 lots
  • STP Market execution from 0.3 seconds
  • Access to 35 forex pairs and 4 metals
  • Access to the 100% deposit bonus, level up bonus and the cashback programme
  • Access to use MetaTrader 4 through which trades can be executed
  • Access to a demo account and the option for an Islamic Account

 

Zero Spread Account

As the name suggests, the purpose behind the Zero spread account is 0-pip spreads, giving traders the chance to maximise their profits and allow them to accurately gauge their profits. This account type is ideal for fast-paced trading and active traders who want the best trading conditions.

 

The specifications on this account are as follows:

  • A low minimum deposit requirement of $500
  • Fixed spreads from 0.0 pips
  • Commission charges of $20 per lot traded
  • Leverage up to 1:3000
  • A maximum of 200 open and pending orders
  • A maximum order volume of between 0.01 to 500 lots
  • STP Market execution from 0.3 seconds
  • Access to 35 forex pairs and 4 metals
  • Access to use MetaTrader 4 through which trades can be executed
  • Access to a demo account and the option for an Islamic Account

 

ECN Account

The ECN account is ideal for professional traders who seek the best trading conditions available. This account allows traders to trade without any intervention from third parties or middlemen.

 

The specifications of this account are:

  • A low minimum deposit requirement of $1,000
  • Floating spreads from 1 pip
  • Commission charges from $6
  • Leverage up to 1:500
  • Unlimited open positions and pending orders
  • A maximum order volume of between 0.01 to 500 lots
  • ECN execution on trades
  • Access to 25 forex pairs
  • Access to use MetaTrader 4 through which trades can be executed

 

Crypto Account

The FBS Crypto Account is dedicated to trading different cryptocurrencies spread across 100 different coins with different trading options, including fiat-to-crypto, crypto-to-crypto, crypto-to-metals, and so on. The specification of this account is as follows:

 

  • A low minimum deposit requirement of $1
  • Floating spreads from 1 pip
  • Commission charges of 0.05% for an opening trade and an additional 0.05% when closing a trade
  • Leverage up to 1:5
  • A maximum of 200 open and pending orders
  • A maximum order volume of between 0.01 to 500 lots
  • STP Market execution from 0.3 seconds
  • Access to MetaTrader 5 through which trades can be executed

 

FBS Demo Account

FBS offers traders the opportunity to register a demo account that can be used by beginner traders who need to practice trading, experienced traders who want to test their trading strategies, and all traders who want to test what FBS offers.

 

The demo account that FBS offers can be registered on any of the following account types:

  • Standard Account
  • Cent Account
  • Micro Account
  • Zero Spread Account
  • ECN Account

 

The demo account is valid for 40 days, after which traders can either register a live trading account or they can opt for another demo account.

 

FBS Islamic Account

The purpose of an Islamic Account is that it caters specifically for Muslim traders who follow Sharia law. The law prevents its followers from paying any type of interest, such as overnight fees, which is seen as wasteful or exploitive.

 

Overnight fees are charged should traders hold positions open for longer after the trading day has concluded and this type of account allows exemption from such fees or interest, should they hold positions open for longer.

 

FBS offers Muslim traders the chance to convert any of the following live trading accounts into an Islamic Account:

  • Standard Account
  • Cent Account
  • Micro Account
  • Zero Spread Account

 

FBS Pros and Cons

PROS CONS
Ultra-low minimum deposit requirement United States, Japan, Israel, and some other regions are not accepted
Advanced and flexible trading platforms offered Spreads on the Cent Account is extremely high
Quick and flexible funding methods offered Inactivity fees are charged
A choice between different account types The demo account is only valid for 40 days
Demo accounts and Islamic accounts are offered
There is dedicated and prompt customer support offered

FBS AT A GLANCE

Broker's Name FBS
Headquartered Belize
Year Founded 2009
Regulating Authorities IFSC, CySEC
Countries not accepted for trade US, UK, Japan, Israel, and others
Islamic Account (Swap Free) Yes
Demo Account Yes
Institutional Accounts No
Managed Accounts No
Maximum Leverage 1:3000
Minimum Deposit $1
Deposit Options
  • Credit/Debit Card
  • Neteller
  • SticPay
  • Skrill
  • Perfect Money
  • Local exchangers
Withdrawal Options
  • Credit/Debit Card
  • Neteller
  • SticPay
  • Skrill
  • Perfect Money
  • Local exchanges
Platform Types MetaTrader 4, MetaTrader 5, FBS Trader
OS Compatibility Windows, Linux, macOS, web browsers, Android, iOS
Tradable Assets
  • Forex
  • Metals
  • Indices
  • Energies
  • CFDs
  • Stocks
  • Forex Exotic
  • Cryptocurrencies
Languages supported on Website English, German, Spanish, French, Italian, Portuguese, Indonesian, Malaysian, Vietnamese, Turkish, and more
Customer Support Languages Multilingual
Customer Service Hours 24/7

 

You might also like: FBS Demo Account

You might also like: FBS Fees and Spreads

You might also like: FBS Islamic Account

You might also like: FBS Minimum Deposit

You might also like: FBS Sign up Bonus

 

Over 16 000 000+ Traders

Overall Rating

4.7/5

Rated #71 of
Recommended FX Brokers

💰Minimum Deposit

USD 1

🌐 Regulators

IFSC, FSCA (south africa), ASIC, CySEC

📱 Trading Desk

MetaTrader 4, MetaTrader 5, FBS Trader – all in one mobile trading pltform, CopyTrade

Crypto

Yes

📈 Total Pairs

35

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

instant

Welcome bonus

$140 (Find out More)

🏛️ Visit Broker

FBS

FBS has launched a new type of account specifically for trading cryptocurrencies.

The new Crypto account has over 100 instruments with digital currencies.

BTC, LTC, and ETH are just some of the instruments that will be available for trading against other cryptocurrencies or against more traditional currencies, commodities, and other instruments.

  • – Currency: USDT (Tether)
  • – Leverage: 1:5
  • – Initial deposit: from $1
  • – Commission on opening positions: 0.05%
  • – Commission on closing positions: 0.05%

 

FAQ

TRADING ENVIRONMENT

How many instruments can I trade with FBS?

You can trade any of the following instruments:

  • Forex
  • Metals
  • Indices
  • Energies
  • CFDs
  • Stocks
  • Forex Exotic
  • Cryptocurrencies

 

Which platforms are supported by FBS?

FBS only supports the use of:

  • MetaTrader 4
  • MetaTrader 5
  • FBS Trader

 

Does FBS offer leverage?

Yes, FBS offers flexible leverage up to a maximum ratio of 1:3000.

 

What spreads can I expect with FBS?

You can expect spreads that start from 0.0 pips on the Zero Spread Account.

 

Does FBS charge commission?

Yes, FBS charges the following commissions:

  • Zero Spread Account – $20 per lot
  • ECN Account – from $6
  • Crypto Account – 0.05% on opening trades and 0.05% on closing trades

 

Are there additional charges on the Islamic account?

No. There are no additional charges indicated on the Islamic Account.

 

Is FBS regulated?

Yes. FBS is regulated and authorised by IFSC and CySEC.

 

Is FBS a recommended forex trading broker for experts and beginners?

Yes. FBS offers the perfect trading environment for both experts and beginners.

 

What is the overall rating out of 10 for FBS?

9/10.

 

ACCOUNTS

What is the difference between a demo and a live trading account?

A demo account is a practice account that can be used by both beginner and professional traders. Beginners can use a demo account to practice their trading while more advanced traders can use it to test their trading strategies.

 

Alternatively, traders can also use a demo account to explore what a broker has to offer. Demo accounts are known for the risk-free environment that they offer along with the virtual funds which are used to trade.

 

Does FBS offer a demo account?

Yes, FBS offers a demo account on most trading accounts offered except the Crypto Account.

 

How long is the demo account valid?

Each demo account has a unique validity period depending on the type of account that the trader wants to demo.

 

  • Demo accounts opened directly from MetaTrader 4 – 25 days
  • Demo Standard and Cent Account – 40 days
  • Demo ECN, Zero Spread, and Micro Account – 45 days
  • Demo accounts that are opened for MetaTrader 5 can be archived and/or deleted in a period according to the discretion of FBS

 

Which live trading accounts does FBS offer?

  • Standard Account
  • Cent Account
  • Micro Account
  • Zero Spread Account
  • ECN Account

 

Does FBS offer an Islamic Account?

Yes, FBS offers an Islamic Account on all live trading accounts except the ECN and Crypto Accounts.

 

What are the available deposit currencies for a live trading account?

  • USD
  • EUR

 

DEPOSITS AND WITHDRAWALS

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.