Forex fbs account type

The FBS online trading brokerage is a widely used international forex and cfds trading brokerage that features an array of tradeable assets across the global markets.

Today forex bonuses

Forex fbs account type, forex fbs account type.

FBS is an offshore trading brokerage which raises some concerns, however, they have an excellent reputation and are licensed and regulated by the IFSC. FBS is supporting of all types and experience levels of traders and offers them favourable trading conditions and low commissions and fees. Traders at FBS have an excellent selection of trading platforms to choose from and can trade a variety of financial assets with all the tools and features necessary to succeed. All in all, FBS is a solid online trading brokerage and could be the right broker for you.

Deposit from $1000
Floating spreads
Zero commission trading
Up to 1:500 leverage
ECN execution

Review

Introduction

FBS is an international online trading brokerage that was launched out of belize back in 2009. Since their establishment, FBS have expanded their trading services to over 190 countries around the world and now service 8,000,000 traders and 315,000 partners across the globe and supports 17 different languages. The brokerage provides a simple and easy trading experience with a selection of trading platforms and wide array of tradeable instruments.

FBS is obviously a successful online trading brokerage and have won countless awards since their establishment in 2009. Some of their most notable awards include; best FX IB program, best FX broker indonesia, best forex broker southeast asia, best forex broker thailand, and best international forex broker. As well, FBS has won many other awards for various reasons.

Not only has the FBS brokerage seen great success, but they also provide safe and reliable online trading services to their clients. FBS is licensed and regulated by the international financial services commission (IFSC) of belize with license number IFSC/60/230/TS/18.

Trading conditions

The FBS online trading brokerage is very accepting and supportive of nearly every type of trader. FBS offers their clients the choice between 6 different trading accounts, each with slight differences to better suit their needs. Overall, the trading conditions outlined in these accounts vary but are very favourable. See the trading accounts and their trading conditions overviewed below.

Deposit from $1.00

Floating spreads

Zero commission trading

Up to 1:1000 leverage

Market execution

Deposit from $5.00

Fixed spreads

Zero commission trading

Up to 1:3000 leverage

Market execution

Deposit from $100

Floating spreads

Zero commission trading

Up to 1:3000 leverage

Market execution

Deposit from $500

Fixed spreads

Zero commission trading

Up to 1:3000 leverage

Market execution

Deposit from $500

Floating spreads

Zero commission trading

Up to 1:500 leverage

Market execution

Deposit from $1000

Floating spreads

Zero commission trading

Up to 1:500 leverage

ECN execution

Products

The FBS trading brokerage features a wide array of tradeable instruments across the global markets for their clients to trade. For instance, traders can participate in the trading of over 35 forex currency pairs, 4 precious metals, 3 cfds, and 4 cryptocurrency cfds. While the extent of tradeable assets offered is rather small compared to some brokers, the range of markets available to trade in are wide.

Regulation

FBS is not widely regulated even though they are an international online trading brokerage. The only regulatory authority governing the FBS trading brokerage is the international financial services commission (IFSC) with license number IFSC/60/230/TS/18. FBS is an offshore trading brokerage and therefore is not as reliable as some brokers. FBS’s headquarters are located at no.1 orchid garden street, belmopan, belize, C.A.

Platforms

The FBS online trading brokerage provides their clients with the choice between two of the most highly sought-after trading platforms, the metatrader 4 (MT4) and the metatrader 5 (MT5) trading platforms. Both these platforms are highly advanced and sophisticated while at the same time very user-friendly and easy to use.

The metatrader platforms offered by FBS consist of both the webtrader platforms and the downloadable platforms. All platforms are fully compatible with windows, mac, and linux operating systems as well as multiple web browsers for the web-based versions.

All in all, both the MT4 and MT5 trading platforms offered are relatively the same. The main difference between the two is that the MT5 trading platform has an upgraded trading interface, a few additional features, and is more suitable for the trading of all financial assets other than forex. Therefore, traders looking to participate solely in the forex markets will choose the MT4 platform and traders more focused on a wider variety of markets will choose the MT5 platform.

Both platforms feature auto trading functionality with expert advisors (eas) as well as a sophisticated charting package with three chart types, over 50 technical indicators, and a variety of drawing and analysis tools.

Mobile trading

Both the MT4 and MT5 trading platforms offered by FBS feature downloadable mobile trading applications for both ios and android mobile devices. The mobile trading app can be downloaded from the apple app store and the google play store for free. The trading apps are fully optimized for the mobile screen and feature all the same functionality as the desktop platforms. As well, traders wanting to use the FBS website on a mobile device can, as it has been optimized to work on mobile devices too.

Pricing

The FBS trading brokerage is accepting of all experience levels of traders and therefore provides trading accounts with minimum deposits from as low as $1.00 and professional ECN trading accounts with minimum deposits from $1,000. As for the available spreads, FBS provides floating spreads as low as 0.2 pips, fixed spreads as low as 3 pips, and trading without spread, but with a commission starting from $20. All in all, the spreads and commissions offered by FBS are quite favourable and competitive with the industry standards.

Deposits & withdrawals

FBS provides their traders with an extensive array of deposit and withdrawal options with a total of 72. All methods of deposit are free of charge and withdrawals have varying commissions depending on the method used.

Deposits via the most popular e-wallets and credit cards are instant, and all other methods take between 15 – 20 minutes or a maximum of 48 hours to complete. Withdrawals generally take between 15 – 20 minutes or a maximum of 48 hours to complete and come with a small commission for most methods.

See below, a list of the most popular deposit and withdrawal methods.

Visa/mastercard

Neteller

Skrill

Bitcoin by skrill

Perfectmoney

Mybitwallet

OKPAY

Astropay

Customer support

The level of customer care and support provided by FBS is truly phenomenal. Traders can reach support representatives 24 hours a day, 7 days a week via email, live chat, telegram, wechat, and telephone with multiple international numbers. Also, clients can schedule a call back if they prefer not to wait. However, support representatives are generally quick to respond and friendly with their responses. Additional methods of support include an extensive FAQ page and interaction via various social media channels.

Research & education

FBS provides their traders with a comprehensive education and research centre that’s packed with educational resources and content. For instance, traders have access to market analytics such as forex news, daily market analysis, and forex tv. They also have access to trader tools including an economic calendar, central bank rates, and forex calculators. As for educational material, traders are provided with a forex guidebook, tips for traders, webinars, video lessons, seminars, and a glossary. All in all, we were very impressed with the extent of educational content and market research resources.

Noteworthy points

The FBS trading brokerage is highly successful and has an excellent reputation in the online trading industry. Therefore, the brokerage has various noteworthy points worth mentioning. For instance, FBS stands above the rest of online trading brokerages in the following areas.

Extent of deposit and withdrawal options.

Variety of educational content and resources.

Exceptional selection of trading platforms.

Conclusion

The FBS online trading brokerage is a widely used international forex and cfds trading brokerage that features an array of tradeable assets across the global markets. FBS is an offshore trading brokerage which raises some concerns, however, they have an excellent reputation and are licensed and regulated by the IFSC. FBS is supporting of all types and experience levels of traders and offers them favourable trading conditions and low commissions and fees. Traders at FBS have an excellent selection of trading platforms to choose from and can trade a variety of financial assets with all the tools and features necessary to succeed. All in all, FBS is a solid online trading brokerage and could be the right broker for you.

Comparison

Broker comparison maecenas porta rhoncus dui ut congue. Donec luctus non sem eu euismod. Ut rhoncus mauris non bibendum congue. Donec maximus ipsum a lectus sollicitudin.

FBS review and tutorial 2021

FBS is a top online broker offering MT4 & MT5 trading across a range of instruments.

Trade on nearly 50 leveraged forex pairs.

FBS is an online broker that offers financial market trading in forex and cfds. Our review in 2021 takes a thorough look at the broker’s legitimacy, leverage offering, spreads, and minimum deposits. Sign up for an FBS account and start trading.

History & headlines

FBS is a global broker founded in 2009. In the EU, FBS is operated by tradestone ltd and regulated by the cyprus securities and exchange commission (cysec). The global branch is run by FBS markets inc and regulated by the international financial services commission of belize (IFSC).

FBS has a head office location in cyprus and claims to have over 15 million active traders across more than 190 countries, from malaysia and indonesia to south africa, pakistan and the EU.

Trading platforms

FBS uses a non-dealing desk (NDD) system with STP for rapid order execution. After registration and login clients have a choice of two platforms to access the markets.

Metatrader 4

MT4 is a market-leading platform that FBS clients can download for PC. The trading platform includes a range of features:

One-click execution and copy-trading

Expert advisors (EA) service and apis

Wide range of technical indicators and charting tools

Support for clients using a virtual private server (VPS)

FBS metatrader 4

The global branch of FBS also offers MT4 multiterminal, which allows clients to operate multiple accounts simultaneously.

Metatrader 5

This broker recently added MT5 integration to its portfolio. This platform is a recent update to MT4 with greater versatility that offers the following:

Hedging & netting

Market depth view

More technical indicators

More order types and timeframes

FBS metatrader 5

MT4 and MT5 are also both available without a download via any browser through the webtrader solution. This service works across all operating systems and has all the features of the original software.

Markets

Clients can access a wide range of assets for trading:

Forex – 28 standard pairs plus 16 exotics

Metals – four precious metals

Energies – WTI and brent crude oil

Stocks (global only) – 40 company shares

Indices – four indices including the NASDAQ

Unfortunately trading on the FTSE100 is not offered and neither is cryptocurrencies, such as bitcoin.

Trading fees

Spreads offered by FBS vary by account type and region. For EURUSD, the global firm offers a spread of 3.0 pips on its micro account, 1.1 on its standard and cent accounts and zero pip spreads on its zero and ECN accounts. In the EU the same spread is 0.7 pips with both the standard and cent accounts. Our review was pleased to see competitive spreads with the zero and ECN accounts.

The global branch charges a fixed rate commission of $20 per lot on the zero spread account and $6 on the ECN account. It also charges $3 for stock trades and $25 for CFD trading.

FBS charges overnight rollover fees (swap-free is available) and a cancellation fee of €5 for transactions that have taken advantage of price latency. Accounts dormant for 180 days are charged a €5 monthly fee.

FBS leverage

The maximum leverage available depends on account type and branch. In the EU the broker provides leverage up to 1:30 on standard and cent account types. Globally it offers up to 1:1000 on the cent account, 1:500 on the ECN account, and 1:3000 on other account types.

FBS has a margin call of 40% and lower, whereafter it is entitled to close a client’s position.

Mobile apps

FBS trader app

The owner and CEO have ensured that FBS trader is a free and fully-featured trading app. It can be downloaded to android (APK) devices from google play. Outside the EU it’s also available on ios. The broker’s downloadable app offers forex and top instruments for trading, alongside real-time stats and easy management.

FBS mobile app

MT4 & MT5 apps

Both metatrader platforms are also available as mobile apps from the app store and google play. The apps have the main features of the native platforms including technical analysis with the convenience of one-click trading on-the-go.

FBS metatrader mobile trading

Payments

The minimum deposit at the online forex broker is different for each account type and trading region. The EU firm requires an initial deposit of €10 on the cent account and €100 on the standard. The global branch offers minimum deposits of $1, $5, $100, $500, and $1000 for the cent, micro, standard, zero spread, and ECN accounts respectively. Our review was pleased to see the low minimum deposit offering.

Several deposit and withdrawal methods are available including wire transfer (EU only), visa, and electronic payment systems, such as skrill and neteller. Deposits are instant for all methods bar wire transfer and withdrawals take up to 48 hours. Commission fees apply to withdrawals at the global FBS firm and identifying documents may be requested.

Demo account review

FBS offers demo versions of the cent and standard accounts in the EU. MT4 and MT5 integration are available and a range of instruments are offered to practice trading with zero deposit requirement. Once comfortable with the broker’s services, you can then sign up for a live account.

Trading bonuses

FBS has a wide selection of promotions and bonuses advertised on its global website. For example, the broker offers a trade $100 bonus with no deposit necessary. The broker credits clients with $100 and if the client has 30 active trading days with 5 lots traded, the bonus can be withdrawn. FBS also offers a 100% deposit bonus, which doubles the deposit available for trading, and many contests.

Licensing

FBS is a legitimate broker with regulations from respected authorities. The company that owns the EU branch of FBS is regulated by the cyprus securities and exchange commission (cysec). The global branch is regulated by the international financial services commission of belize (IFSC).

In the EU, the broker also offers negative balance protection to retail clients. Overall, we’re happy FBS is not a scam.

Note, traders from the USA cannot register for an account, though clients from most other countries are accepted, including canada, india and nigeria.

Additional features

The FBS website has an analysis section with resources including forex-related news, market updates, and a forex TV feature that displays informational videos, weekly insights, and trading plans. This broker also provides an economic calendar and forex calculators alongside extensive educational materials such as live webinars and tutorials.

FBS economic calendar

Copy trading

The copytrade solution from FBS lets beginners replicate the success of top traders with secure, flexible trading tools. Clients can use the user-friendly mobile app to compare traders, allocate funds and create a unique trading portfolio.

Trading accounts

New clients have the option of several live account types. In the EU, the broker offers the standard and cent accounts. The global branch additionally offers the micro, zero spread, and ECN account. Order volumes are the same across account types. The ECN account has no trading limits and market execution is by ECN, unlike the other accounts which use STP. In general, the more you can deposit the higher the account tier and the more competitive the trading requirements.

When opening an account, you’ll need to submit documents to verify your name, address and the country you’re registering from.

Pros and cons

Benefits

Advantages of trading with FBS include:

MT4 and MT5 integration

Ultra-low minimum deposits

Competitive zero-pip spreads

Range of promotions & deposit bonuses

Drawbacks

Bad areas flagged in our review include:

Fewer account and trading options in the EU

Commissions payable on many trade types at the global firm

Trading hours

The FBS broker website is available at all times. Opening hours for each asset depends on the market and timezone, but forex runs 24 hours a day on weekdays. The broker also provides a virtual private server (VPS) service, which allows the client to keep their trading platform on a virtual machine 24/7.

Customer support

Customer support is available in english, spanish, portuguese, french, german and italian:

Email – info@fbs.Eu

Live chat – logo in bottom right

Contact number – +357 25313540

Address – vasileos georgiou A 89, office 101, potamos germasogeias 4048, limassol, cyprus

Global

Contact options including live chat, callback, and whatsapp are available on the global website.

Trader safety

FBS ensure client personal information and privacy is safeguarded. Transactional information is also protected using transport layer security (TLS). The metatrader platforms also offer dual-factor authentication at the login stage for added security.

FBS verdict

FBS is an international forex broker that offers low minimum deposits and a variety of trading accounts with MT4 and MT5 integration, alongside the FBS trader app. Spreads are competitive, and both novice and advanced traders will feel at home with this broker.

Accepted countries

FBS accepts traders from australia, thailand, united kingdom, south africa, singapore, hong kong, india, france, germany, norway, sweden, italy, denmark, united arab emirates, saudi arabia, kuwait, luxembourg, qatar and most other countries.

Traders can not use FBS from united states, japan, canada, myanmar, brazil, israel, iran.

Where is FBS regulated?

This broker is regulated in the EU by the cyprus securities and exchange commission (cysec) and elsewhere by the international financial services commission of belize (IFSC).

Is FBS a good broker?

FBS is a legitimate broker and not a scam. It is licensed by respected financial authorities and has positive online reviews.

Does FBS offer any bonuses?

The global branch of FBS offers 100% deposit bonuses and promotions where no deposit is required. This broker also offers trader contests and a VPS service.

What is the minimum deposit at FBS?

Clients can open an account with $1 at the global branch and $10 in the EU. The greater the initial deposit, the tighter the spreads and more advanced the trading tools.

What platforms does FBS offer?

FBS has both MT4 and MT5 platforms, which are available on any browser and as mobile apps. This broker also offers FBS trader, an in-house mobile application.

Does the FBS broker have trading on nas100?

Yes, clients can trade on the NASDAQ and three other major indices, including the S&P 500, dax30, and dow jones.

Scalping

It is one of the most popular forms of trading, especially among newcomers. It is a fast-paced, mind-rattling, and an adrenaline-inducing type of trading.

The main objective of scalping is to rush into the trade at the busiest hours of the day, grab a very small amount of pips and exit the market immediately. While the gains from the single trade might be limited, а trader can increase his returns by executing dozens of such trades throughout the day. But the scalper must always know where to stop as overtrading may quickly erode the account balance once he/she steps into a bad streak.

The advantage

The key advantage of this trading style is high potential returns (well, if you’re quick and dexterous enough to execute your trades in a very short period of time). Leverage allows scalpers with modest amounts of initial resources to reap greater gains, but you should beware of substantial losses you might suffer while using leverage improperly. One pip in your favor may bring you lots of money with the leverage. In contrast, a pip against you may result in great losses. So, it is hit or miss type of trading.

Scalping doesn’t suit those who are not used to trade in a high-risk environment.

This type of trading demands the in-depth knowledge of your trading platform; you shouldn’t give too much thought to operational procedures; you should be fully concentrated on the movement of the price.

Introduction to trading styles. Scalping

Example of a trader

If you set your heart on scalping trading, you might be interested in getting professional advice from the most successful scalper of all times – paul rotter. This trader reportedly made $65-78 million per year over 10 years scalping the most liquid contracts at the eurex.

“I was always the guy who traded a lot, sometimes up to a 100 trades a day. I'm only looking for the next 3-5 ticks”, avows our scalper.

What did he do to avoid overtrading? He simply set daily goals for his profits and losses. Before rushing into trade, he used to define the stopping limit, the maximum loss he could take per day. He took quite risky positions, but when they started going against him, he mercilessly closed them. He always said: “as a trader, you should have no opinion. The more opinion you have, the harder gets it to get out of a losing position.”

In contrast, during his was winning phases he was getting truly aggressive; he took bigger risks and scaled back in losing times only. Sometimes it is truly difficult to do so. So, paul rotter tried always to have somebody by his side, a neutral, who could force him to switch off his terminal once he reached the stopping limit.

His trade is not directionless, he bases his decisions on through analysis of the markets. Before opening the terminal, paul rotter tries to check all the economic reports that are about to be released, speeches of influential political figures and central bank governors – anything that may influence the direction of the price – until he gets a clear picture of the market.

Investor’s guide to forex trading accounts types

Opening your first forex account is one of the biggest steps you can make as a beginner trader, so it’s certainly not something you do unprepared.

Many beginner traders either rush into selecting an account type without properly understanding what it offers. Others become overwhelmed by the many different account types available. Both of these approaches are wrong but don’t worry, our experts are here to help.

Choosing a forex account type requires you to carefully consider a variety of things, including what type of forex trader you wish to be, your budget and your trading strategy. It’s important that you choose the right account for you, as your account type can impact your performance and profits.

On this page, you can learn:

The different types of accounts offered by forex brokers

The value of a pip, and how this relates to choosing a forex account

How to pick the correct account type for your trading style

Types of forex trading accounts

All good forex brokers allow clients to choose from a multitude of types of trading accounts. Many account types, however, share certain qualities even though they may go by different names from broker to broker.

We will soon talk you through each different forex account type, but first, you need to understand the value of a pip and lot sizes.

The value of a pip

The difference between the opening and the closing price of a trade is counted in pips. On any trade, your loss/profit is also counted in pips.

The value of a pip is directly related to trade volume. In forex, trade volume is counted in specific amounts, namely ‘lots’. This represents the number of currency units you will buy/sell in a trade.

A standard sized lot is 100,000 units of currency. There are also mini lots (10,000 units of currency), micro lots (1,000 units of currency), and nano lots (100 units of currency).

The value of a pip is different depending on the lot sizes you are trading:

value of a pip per:
unit	standard lot	mini lot	micro lot	nano lot
$0.0001	$10	$1	$0.1	$.01

Therefore, being profitable when trading the forex markets is not necessarily related to which trader is making more pips, but what each pip is worth.

Having a good understanding of what these units of measurement (lots and pips) mean before selecting an account type is important, as different account types allow you to trade different lot sizes. You should, therefore, review your capital and the volume you wish to trade before choosing an account.

The most common trading account types

As we’ve just explained, the most common live trading account types are based around the size of the lots you wish to trade. Considering this, each different type of account has a different minimum deposit level too.

Mini/micro accounts

Micro accounts are, as their name suggests, accounts suitable for traders with a small amount of capital. They allow you to enter the market with a small minimum deposit limit ($100 or less). As these accounts have a low barrier to entry, however, there are restrictions on your trading activity. Most micro accounts limit you to trading nano or micro lots. This helps you to control your risk-levels, making these types of accounts perfect for beginner traders.

Standard accounts

Different brokers use different names for their standard accounts. Some brokers may call this type of account ‘classic’ or ‘intermediate’. They may also refer to them as ‘premium’ or ‘gold’ accounts, which is a little misleading as these accounts are actually the broker’s regular offering.

Standard accounts usually have a minimum deposit limit of around $100 – $500, and they allow you to trade mini-lots. Some standard accounts, however, may also allow you to trade standard lots but this is rare.

VIP/professional accounts

Whilst the names of these account types suggest that you would need to be accredited if you wished to open one, that’s not necessarily the case. VIP accounts are generally just reserved for those who have a large amount of capital. They have a high minimum deposit limit (around $10,000) and allow you to trade standard lots. These types of accounts are usually ECN accounts too, which means they allow you to trade in the market directly.

It is important to note that professional accounts for EU clients are slightly different. Under european regulations by ESMA, regular retail traders are subject to leverage limits. Should you want to access higher leverage levels, you can apply for an EU professional account. In this situation, you will need to prove your trading experience and credentials. This could be by passing a test or by submitting documentation.

Other forex account types

Aside from the main three account types, there are some other account types you should become familiar with. These types each have their own specific purpose.

Demo accounts

Demo accounts allow you to practice your trading. They are virtual accounts loaded with virtual currency. Almost all demo accounts are free, yet they may have a limited usage period. This is normally around 30 days. If you proceed to open a live account with the same broker, however, you may regain access.

Demo accounts are useful for both beginners and experienced traders. Novice traders can use them to get to grips with different trading platforms and to see the effects of their trades in real-time. Experienced traders also use demo accounts to test their trading strategies risk-free.

Swap-free accounts

Most of the trading account types mentioned above will come with swap fees. This refers to the fee you incur for holding a position overnight. Traders who wish to hold positions open for a long time however, such as swing traders or investors, suffer heavy fees with a regular account. To prevent this, some brokers offer swap-free accounts.

Whilst swap-free accounts can seem appealing, it’s not simply a case of avoiding fees. Swap-free accounts usually come with higher trading costs and various restrictions. As such, unless you do plan on holding positions for a long time, it is normally best to avoid these types of accounts.

One exception to this rule is if you are a muslim forex trader. Swap-free accounts are also sometimes called islamic accounts. This is because they are often used by muslim traders who cannot incur interested fees due to their religious beliefs.

How to choose the right forex account for you?

Knowing the different types of forex trading accounts only goes so far in helping you choose an account. You also need to know your own situation well and know exactly what you want to get out of trading.

Before opening up a trading account, therefore, you need to ask yourself a series of questions:

How much do I wish to deposit? This is a key question, as it can shrink your account options significantly. You need to weigh up how much capital you have, and how much of that you want to deposit with a broker. It is always worth remembering that you should never trade with money that you can’t afford to lose.

What is my appetite for risk? One of the most important things you can do as a prospective trader is to assess your risk appetite. If you’re a conservative trader, for example, you may be quite happy with a micro account where you can trade nano and micro lots. Those who wish to trade more aggressively may want to opt for a standard account where they can trade standard lots.

Do I need access to advanced trading tools? Many brokers reserve their best trading tools for their professional clients. This may include innovative news analysis or access to a larger range of indicators.

These are tools which can very beneficial to expert traders, who may be managing more than one account at once. Do note that whilst its easy to feel like you want access to as many tools as you can get your hands on, these tools aren’t actually always necessary. Don’t go signing up to a professional account as a beginner trader for the sake of extra features. It’s not worth the large deposit amount.

What is the difference between a micro and a standard account in forex?

In forex trading, account types are often based around trade volume. Trade volume is measured in lots, and refers to the amount of currency you wish to trade. Micro accounts, for example, allow you to trade micro or nano lots (1,000 and 100 units of currency respectively). Standard accounts, on the other hand, allow you to trade mini lots and sometimes even standard lots (10,000 and 100,000 units of currency).

What is the best forex trading account for beginners?

All beginner traders should start off with a demo account. This allows you to practice trading with zero risk. Many prospective traders stick to their demo accounts for at least six months, whilst they get to grips with the trading software and their trading strategy. After this time, micro/mini accounts are best for forex beginners. This is because they have a low minimum deposit limit and allow you to trade micro and nano lots.

What account types are there in forex?

In order to cater to all types of traders, the best forex brokers offer a variety of account types. The most common forex account types are based around trade volume, these include mini, standard and VIP accounts. Other popular account types include swap-free accounts/islamic accounts, demo accounts, and social trading accounts.

How much money do you need to open a forex account?

The amount of money needed to open a forex account is dependent on what type of account you want to open. Some brokers allow you to open accounts for as little as $20 or even $5 dollars. Professional accounts, on the other hand, usually have a minimum deposit of around $10,000.

FBS all account types | which account is the best for you?

*as of january 2021, FBS has stopped to offer trade 100 bonus account.

Introducing the account types of FBS.

FBS is a sponsor of FC barcelona and is a very famous and popular forex broker in the world. The trading conditions are not bad, and it is also known that the bonus is very luxurious, such as always implementing a 100% deposit bonus.

FBS offers a total of eight account types.

CENT MT4

MICRO

STANDARD MT4

ZERO SPREAD

CENT MT5

STANDARD MT5

~~Trade 100 bonus~~

In this article, after thoroughly comparing each account type based on specifications and trading conditions, I will clarify the characteristics and precautions for each account type and explain which account is suitable for what kind of trader.

Of the above account types, the trade 100 bonus account is a dedicated account for the account opening bonus for 50 days only, so I will explain 7 types of accounts excluding this.

A little more complicated is that only cent account and standard account have both of MT4 and MT5 version, and the conditions are slightly different.

I want to know FBS account types.

I want to know specifications and conditions of each account.

I’m not sure which account type is the best for me.

FBS all account types

First, let’s compare the all account types offered by FBS, excluding trade 100 bonus account.

The color of the part that seems to be a point has been changed.

Let’s take a quick look at what kind of specifications and conditions are different.

CENT	MICRO	STANDARD	ZERO SPREAD	ECN	CENT MT5	STANDARD MT5
method	STP	STP	STP	STP	ECN	STP	STP
platform	MT4	MT4	MT4	MT4	MT4	MT5	MT5
base currency	USD,EUR	USD,EUR,JPY	USD,EUR,JPY	USD,EUR,JPY	USD,EUR	USD,EUR	USD,EUR,JPY
contract size	1 lot = 100,000	1 lot = 100,000	1 lot = 100,000	1 lot = 100,000	1 lot = 100,000	1 lot = 100,000	1 lot = 100,000
min trade volume	0.01 lots	0.01 lots	0.01 lots	0.01 lots	0.1 lots	0.01 lots	0.01 lots
max leverage	1:1000	1:3000	1:3000	1:3000	1:500	1:1000	1:3000
margin call	40%	40%	40%	40%	40%	40%	40%
stop out	20%	20%	20%	20%	20%	20%	20%
NBP	✓	✓	✓	✓	✓	✓	✓
min spread	1.0pips

Characteristics of each account type

I will briefly explain the characteristics of each account type.

First of all, the MT5 version of the cent account and standard account cannot receive any bonus.

The MT4 version will get a bonus.

The trading conditions are exactly the same for both MT4 and MT5 versions, so there is not much reason to choose an MT5 version account except for those who do not need a bonus but absolutely want to use MT5.

FBS CENT account

The FBS cent account is positioned for beginners a little more than the standard account described later.

The maximum leverage is 1:1000, lower than the standard account, but it’s still high leverage.
The minimum deposit is $1, which makes it easy to start.

Conversely, there aren’t many benefits other than being able to start with a $1 deposit.

FBS CENT MT5 account

MT5 version of CENT account.

Trading conditions are same as CENT account.

The only difference is that MT5 cent accounts are not eligible for the bonus.
Not only deposit bonus, but also cash back.

Honestly, I think it’s an account type that doesn’t have much value.

Want to start trading with small margin

Want to use MT5 even cannot get any bonus

FBS MICRO account

FBS MICRO account is an account that can be traded with ultra-high leverage of 3000 times, which is the biggest feature of FBS.

You can start with a small amount of money, with a minimum deposit of $5.

However, the spread is very wide. At least 3.0 pips, which is terrible.

Honestly, this is an account type that I cannot recommend at all.
I don’t understand what kind of trader will use it.

FBS STANDARD account

The FBS standard account is quite standard level.

You can also trade with ultra-high leverage of 1:3000, which is the biggest feature of FBS.

The minimum spread is 0.5 pips, which is narrow, so if you are trading on FBS for the first time, I strongly recommend that you should open a standard account first.

Want to take advantage of FBS’s luxurious bonus and cash back

Opening an account with FBS for the first time

FBS STANDARD MT5 acount

MT5 version of FBS STANDARD account.

Like CENT account, the conditions are almost the same as MT4 version of STANDARD account, but with MT5 you cannot receive any bonus.

It is an account with almost no value except for those who absolutely prefer MT5 to MT4.

If you are happy with the trading conditions of your standard account, don’t hesitate to choose MT4 version.

FBS ZERO SPREAD

FBS zero spread account is a very unique account.
As the name implies, the spread is fixed at zero. It is always zero.

However, although the zero spread account uses the STP method, transaction fees will be charged.
At least $20 per lot. Some stocks can cost up to $ 100 or more.
It’s quite expensive.

Also, some minor currencies may not be tradeable.

Therefore, it can be said that this is also an account that is not very useful.

FBS ECN account

The FBS ECN account is the only ECN method account in FBS.

The commission fee is $12 for a round trip per lot, which is slightly higher than other forex brokers.

However, the spread is extremely low, at least -0.1 pips (minus), but even if we consider this, the fee is quite high in forex broker standards.

There are two main points to note.

First, you canno get any bonus with ECN account.

Both deposit bonus and cash back are not applicable.

Second, only currency pairs can be traded.

Cfds such as stock indexes, energy and metal cannot be traded.

In addition, the minimum deposit amount is $1000, which is a little high.

From the above, FBS’s only ECN account is not at a highly recommended level.

Common conditions of all account types

In addition, I will introduce the specifications that are common to all account types.

FBS trading platform

It depends on account type, you can choose both of MT4 and MT5.

However, as mentioned above, there is not much reason to choose an account that can use MT5, so please think that you will use MT4 in FBS.

FBS stop out level

Stop out level is 20%.
And margin call is 40%.

FBS negative balance protection system

Of course, NBP applies to all accounts.

Does FBS allow to use EA (expert advisor) tool?

Yes, you can use any EA on FBS.

Does FBS allow scalping trading?

FBS does not prohibit scalping trading.

The stop level is very low for all account types, and it can be said that it is rather suitable for scalping.

For example, EURUSD is 0.1pips.

It is very suitable for scalping where profits are accumulated steadily with a fine price range.

The FBS stop level is summarized in detail in the separate article “ FBS stop level | conditions for scalping, stop/limit orders “, so please refer to that as well.

The most recommended FBS account type is “STANDARD MT4”

If you get lost, I strongly recommend to use STANDARD account (MT4).

One of the reasons is that many of the other account types have some difficulties, so the options are limited to standard accounts, but even if you look only at the specifications of standard accounts, it is not a bad thing.

You can also create additional accounts on FBS, so it’s a good idea to first open STANDARD MT4 account, trade for a while, and if you don’t like it, create additional accounts and try them out.

Summary

If you haven’t opened an XM account yet, please open an account by referring to the separate article “ how to open FBS account “.

FBS minimum deposit guide (2021)

If you have read our FBS review then it is already very likely that you know a great deal about what this major forex broker has to offer.

Here though we take the opportunity to hone in on some specifics.

These specifics are the various funding methods made available at FBS and particularly the FBS minimum deposit and how this can change depending on the choices you make.

74-89% of retail CFD accounts lose money

FBS account base currency

The FBS base currencies are limited. If you are trading from within europe, you can only access euro as your base currency and deposit in euro only. You also cannot convert other currencies into euro through FBS.

If you are trading from another location within the international market then you will have access to two base currencies in the form of euro and USD. In this case, if you find the account with another currency, it is possible you will incur a conversion fee.

FBS funding and deposit methods

As a major forex broker, FBS makes a wide number of options available for you to choose from when funding your account. We have detailed these below and the FBS fees which are associated with each method.

Wire transfer

FBS deposit by wire transfer funding is available around the world and comes with no fees attached at all. With this said, you will want to double-check your bank’s policy of wire transfers since it is possible to incur a fee from their side, but never from the broker side in the case of FBS.

This deposit method takes 3-4 business days in order to be processed and available for trading.

Credit/debit cards

FBS credit and debit card deposits are of course also available. In this situation, visa and mastercard are both accepted although mastercard is only available within europe, while visa deposits are available around the world.

Deposits made through this method are instant and immediately available to trade within your FBS account. There are also no fees associated with this form of deposit.

Ewallets

FBS ewallet deposits are an increasingly popular way to fund your trading account. For that reason, the broker makes both neteller, and skrill available worldwide for funding.

Perfectmoney is another ewallet service which is available for FBS traders outside of europe only. Bitcoin deposits are also not permitted within the EU.

The ewallet deposits will not encounter any type of FBS fee and are also instantly available to trade with.

Deposits from indonesia

With FBS there are special exceptions made when it comes to deposits from indonesia. Indonesian traders can benefit from a fixed-rate currency exchange of 10,000 IDR for 1 USD. This means that you will not be impacted at all by currency fluctuation when making your FBS deposit.

Additional methods of deposit which are available to indonesian traders include local bank deposits from BCA, BNI, BRI, and more local banks in the country. This should make it very easy and fast to deposit.

Every deposit method offered in this case is fee-free with the exception of stic pay which charges a minimal commission. Both fasapay and perfectmoney are available without any fees.

The only point to note is that bank deposits will also still incur a commission based on your bank and their policy. All the methods noted, allow for an instant deposit to your account. The exception again here is banks which can take up to 24-hours.

Other methods

There are other FBS deposit methods available aside from what we have mentioned. This is particularly the case outside of the EU in areas such as the middle east and asia. Bitwallet is one such method available only in japan.

When it comes to other methods, the minimum deposit for FBS may vary along with some fees.

FBS minimum deposits

Having looked at the various funding methods available, let’s look closer at the FBS account types, of which there are many, and the minimum deposit FBS applies in each case.

Cent account

The FBS cent account is one that offers great value particularly to new traders, trading in cents.

This account type is available worldwide and has a very reasonable minimum deposit of 10 EUR within the EU or just $1 USD when trading outside of europe. This account has been also featured in our forex brokers with low minimum deposit guide.

FBS islamic accounts are also available.

Standard account

The FBS standard account is again one that the broker makes available to traders around the world.

Islamic accounts are always available should you require one, and the minimum deposit here stands at 100 EUR within the EU or $100 if you are trading under international regulation.

Micro account

The FBS micro account is only available to those trading from outside europe and it trades with micro lots. The account type offers excellent value again with a minimum deposit of just $5 to trade, and FBS islamic accounts available on request.

Zero account

Another account that is available only outside europe is the FBS zero account. This account makes zero spread trading available although there are commissions in place.

The FBS minimum deposit on these accounts will set you back $500 with the option of an islamic account again available if needed.

ECN account

Continuing the trend of only being available outside europe, the FBS ECN account provides for fast, effective ECN execution of your trades at the best prices and with the lowest spreads. Commissions are charged though, and only forex trading is available.

The ECN account features a minimum deposit of $1,000.

Copytrading account

The final FBS account type to take a look at is the copytrading account. This is again only available to those trading from outside europe and you can choose to be a signal provider or an investor.

If you choose to be a signal provider, you should be aware that you will only be allowed to open standard or micro account types and so you will be subject to those conditions and minimum deposits associated with those accounts.

As an investor, also known as a copytrader, you can open any account type and start to copy trade once your account is verified and you have a balance of more than $100. So, in the end, the FBS copy trade minimum deposit is 100$.

Related guides:

FBS deposit bonus

Lastly, after all the FBS broker minimum deposit variables, we will take a look at the FBS bonus conditions and criteria. This will help ensure that you do not miss out on an FBS bonus if one is available to you.

No deposit bonus

An FBS no deposit bonus of $100 is available to you as a trader under certain conditions. Among these conditions are that you cannot withdraw the money immediately. So, as such, you cannot withdraw this base FBS bonus. What you can do though is withdraw the profits you make on the bonus in the event that you successfully trade at least 5 lots within a 30-day timeframe.

$123 no deposit bonus

The FBS 123 bonus is one that used to be available. It is no longer available however and has since been replaced with the no deposit bonus which we mentioned above. This still represents a positive FBS bonus deal for the majority of traders.

100% deposit

An FBS deposit bonus is also available on request and under certain conditions. This means that you can effectively double your FBS deposit depending on the circumstances up to a limit.

FBS pro challenge

The final FBS bonus we will take a look at is the FBS pro challenge. In fact, this is not a direct type of deposit bonus, but it is a special type of contest event which is periodically opened to FBS traders to participate in.

With this type of challenge, you typically get to trade with a $10,000 FBS demo account on 100:1 leverage. If you are successful in making the most profit among your fellow competitors on this demo account over a 2-week period, then you will receive an FBS bonus amount of $450.

74-89% of retail CFD accounts lose money

FBS broker review

Posted by: freddie north , november 15, 2020

This post is also available in: indonesia

Official website: www.Fbs.Com

Found in: 2009

Headquarters: belize and cyprus

Platforms: MT4, MT5, FBS trader

Min. Deposit: 1 USD, 10 EUR

Demo account: yes

According to this broker, it registers over 7,000 new accounts every day. The official trading partner of the barcelona football club, FBS is an honest and regulated forex provider with a wealth of educational resources. Here is an overview of its main strengths today.

Geography and regulation of FBS broker

At present, FBS is a truly global brand. It operates in 190 countries. The sheer number of clients is astonishing – over 15 million! The company also has 410,000 partners. FBS broker provides broad educational opportunities. Aside from the content available on the official site, traders may attend seminars and other events.

The official name of the company is FBS markets inc. The broker has a license from the IFSC (license IFSC/000102/124), and it is registered in belize. As a regulated company, it complies with all industry standards. Thich ensures a fair and safe trading experience.

Range of instruments

Through FBS, clients gain access to different markets: forex, precious metals, cfds, and stocks. The standard account gives access to 28 major and minor pairs and nine exotic combinations. The metals include silver, gold spot, platinum spot, and palladium spot. Clients may trade stocks of 40 largest corporations (alibaba, netflix, walmart, etc.). There are also six types of cfds:

On crude oil (brent and WTI);

On market indices (DAX30, NASDAQ, S&P 500, and dow jones).

Overview of trading technology

The broker offers two generic platforms – metatrader 4 and metatrader 5. Each version may be used as desktop software, web-based terminal, or mobile app. These products are used by many forex brokers due to their broad functionality.

Generally, MT4 is chosen by newbies and currency traders, while the successor is best suited for diversified portfolios. Thanks to cross-platform functionality, you can switch between devices easily. Positions can be managed on the go.

These solutions are complemented by the broker’s unique system – FBS trader. It may be installed on any ios or android phone. Users may trade 50+ FX pairs and metals. The mobile app has quite a few advantages. It gives instant access to live quotes and stats, easy account management, and smooth payments via 100+ systems.

Account types

The broker offers five types of accounts. These cover two pricing models: market-maker and ECN. In terms of costs, clients may choose between commissions and broader spreads.

Accounts denominated in cents are perfect for beginners who want to experience live trading with minimal risk. Finally, the company offers FBS login with swap-free accounts for its muslim traders. These allow them to comply with the teachings of islam.

1. Cent account

This account is designed for traders with limited funds and those who want to keep their risks to a minimum. The lowest acceptable deposit is only $1. Leverage may reach 1:1,000, and you may have up to 200 open positions and pending orders at once. Position sizes vary between 0.01 and 1.000 cent lots.

2. Micro account

This account may be opened with just $5. It is denominated in dollars, not cents. Leverage may reach 1:3,000, and the size of a position ranges between 0.01 and 500 lots.

3. Standard account

To open a standard account, you need at least $100. Another difference is the lower size of the floating spread – from 0.5 pip (it starts from 1 pip for cent and from 3 pips for micro). Leverage and position size are the same as for micro.

4. Zero spread account

As the term suggests, this account guarantees fixed zero spreads as it is based on commission. Clients are charged from $20 per lot. Leverage and position size are the same. You need at least $500 to open this account.

5. ECN account

This type requires the biggest investment – $1,000. Another difference is the absence of trading limits – you can open as many positions as you like. The floating spread may be as low as -1 pip. The commission is $6. Leverage is limited to 1:500. The position sizes are the same.

The company offers attractive copy trading conditions for traders and investors. Through the special FBS copytrade app, they may track their peers’ performance and follow them. A client may also become a copied trader and earn a commission for their decisions. This option is also accessible through their personal area. It is possible to copy MT4 standard and MT4 micro accounts.

Leverage

The FBS broker offers leverage up to 1:3,000. The conditions depend on the type of account, instrument, and volume. Trading on margin allows clients to boost their buying power and manage more than they can afford. This makes impressive profit possible with even a modest investment.

The broker stresses the importance of thorough risk management in case of leveraged trades. As clients have negative balance protection, their loss may never exceed their balance. They are also encouraged to use stop-loss orders.

Customer support

There are two ways to contact the broker. Clients may type their questions in the live chat window and receive assistance in real-time. Alternatively, they may request a call back from the site. Support is available 24 hours a day, 7 days a week.

FBS awards

Since its establishment, the FBS broker has earned international acclaim and an impressive number of awards. Here are some of them. This list reflects the broker’s impressive geography.

FX broker indonesia,

Forex broker southeast asia,

Forex broker thailand,

Best international forex broker,

Best customer service broker asia 2016,

FX IB program – china 2017,

The most progressive forex broker europe 2019,

Best forex broker vietnam 2019.

Conclusion of the FBS broker review

In comparison with other large brokers, FBS offers a modest number of instruments. Although the broker is officially licensed and regulated, its contact options are fairly limited. Still, it is an internationally recognized leader in the field of trading and investment.

Since 2009, broker FBS has been continuously developing. Today, it is a serious FX provider trusted by clients from over 190 countries. Most of them stay with the company throughout their trading careers.

FBS review and tutorial 2021

FBS is a top online broker offering MT4 & MT5 trading across a range of instruments.

Trade on nearly 50 leveraged forex pairs.

History & headlines

FBS has a head office location in cyprus and claims to have over 15 million active traders across more than 190 countries, from malaysia and indonesia to south africa, pakistan and the EU.

Trading platforms

FBS uses a non-dealing desk (NDD) system with STP for rapid order execution. After registration and login clients have a choice of two platforms to access the markets.

Metatrader 4

MT4 is a market-leading platform that FBS clients can download for PC. The trading platform includes a range of features:

One-click execution and copy-trading

Expert advisors (EA) service and apis

Wide range of technical indicators and charting tools

Support for clients using a virtual private server (VPS)

FBS metatrader 4

The global branch of FBS also offers MT4 multiterminal, which allows clients to operate multiple accounts simultaneously.

Metatrader 5

This broker recently added MT5 integration to its portfolio. This platform is a recent update to MT4 with greater versatility that offers the following:

Hedging & netting

Market depth view

More technical indicators

More order types and timeframes

FBS metatrader 5

Markets

Clients can access a wide range of assets for trading:

Forex – 28 standard pairs plus 16 exotics

Metals – four precious metals

Energies – WTI and brent crude oil

Stocks (global only) – 40 company shares

Indices – four indices including the NASDAQ

Unfortunately trading on the FTSE100 is not offered and neither is cryptocurrencies, such as bitcoin.

Trading fees

The global branch charges a fixed rate commission of $20 per lot on the zero spread account and $6 on the ECN account. It also charges $3 for stock trades and $25 for CFD trading.

FBS leverage

FBS has a margin call of 40% and lower, whereafter it is entitled to close a client’s position.

Mobile apps

FBS trader app

FBS mobile app

MT4 & MT5 apps

FBS metatrader mobile trading

Payments

Demo account review

Trading bonuses

Licensing

In the EU, the broker also offers negative balance protection to retail clients. Overall, we’re happy FBS is not a scam.

Note, traders from the USA cannot register for an account, though clients from most other countries are accepted, including canada, india and nigeria.

Additional features

FBS economic calendar

Copy trading

Trading accounts

When opening an account, you’ll need to submit documents to verify your name, address and the country you’re registering from.

Pros and cons

Benefits

Advantages of trading with FBS include:

MT4 and MT5 integration

Ultra-low minimum deposits

Competitive zero-pip spreads

Range of promotions & deposit bonuses

Drawbacks

Bad areas flagged in our review include:

Fewer account and trading options in the EU

Commissions payable on many trade types at the global firm

Trading hours

Customer support

Customer support is available in english, spanish, portuguese, french, german and italian:

Email – info@fbs.Eu

Live chat – logo in bottom right

Contact number – +357 25313540

Address – vasileos georgiou A 89, office 101, potamos germasogeias 4048, limassol, cyprus

Global

Contact options including live chat, callback, and whatsapp are available on the global website.

Trader safety

FBS verdict

Accepted countries

Traders can not use FBS from united states, japan, canada, myanmar, brazil, israel, iran.

Where is FBS regulated?

This broker is regulated in the EU by the cyprus securities and exchange commission (cysec) and elsewhere by the international financial services commission of belize (IFSC).

Is FBS a good broker?

FBS is a legitimate broker and not a scam. It is licensed by respected financial authorities and has positive online reviews.

Does FBS offer any bonuses?

The global branch of FBS offers 100% deposit bonuses and promotions where no deposit is required. This broker also offers trader contests and a VPS service.

What is the minimum deposit at FBS?

Clients can open an account with $1 at the global branch and $10 in the EU. The greater the initial deposit, the tighter the spreads and more advanced the trading tools.

What platforms does FBS offer?

FBS has both MT4 and MT5 platforms, which are available on any browser and as mobile apps. This broker also offers FBS trader, an in-house mobile application.

Does the FBS broker have trading on nas100?

Yes, clients can trade on the NASDAQ and three other major indices, including the S&P 500, dax30, and dow jones.

So, let's see, what was the most valuable thing of this article: forexbroker is your one stop portal for comparing the best forex brokers, stock brokers and trading platforms in the world! At forex fbs account type