FBS Commission or Brokerage Charges – Review, Plans, FAQs & more
Looking out for your specific need for information in context with the FBS Commission, we have this write-up to offer to you.
You can check all the aspects of the broker – FBS Brokerage fee before you can get associated with them.
Forex market is complex and you need the best of assistance, in the form of a reliable broker.
FBS is yet another best option you can weigh in and also get associated with. And we provide you with all the reasons why you can choose FBS, in this space.
FBS Commission or Brokerage Charges
If you choose FBS as your go-to broker, there are a certain set of FBS charges you need to pay.
If you hold a demo account with FBS, there is no charge associated, but, in the case of a live Trading account, you have to pay them all.
This begins with the commission charge and the minimum account balance, which are the primary FBS charges you need to pay.
These charges are subject to change on the basis of the type of trading account you choose. If you do not have an idea already, FBS provides 5 trading accounts you can choose from.
The charges would range accordingly. There is also another spread charge in context with the accounts and starts with 1 pip.
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Types of FBS Commission Plans
|Types of Commission Plans|
|Account Type||Cent||Zero Spread||Standard||Micro||Unlimited ECN|
FBS Commission plans are basically in context with the type of accounts you choose to go for. Let us discuss the FBS commission and spread of each of the accounts, in general.
The first account FBS offers is the Cent Account which has no designated commission charge. The Commission is basically $0, while the Spread is Floating spread from 1 pip.
Next, you can avail of the Micro Account FBS offers as well. There is no designated charge of commission for this account as well, and the spread is a Fixed spread from 3 pips. The broker will further state the FBS Brokerage.
The third option is the standard account, and the commission attached with the account is again Zero. The spread is however Floating spread from 0,5 pip.
If you need the FBS Fees details of the first account, it is the Zero Spread Account, wherein no spread charges are taken. Contrarily, there is a commission of from $20/lot charged.
The final account you can opt for is the ECN Account. So, the FBS Fees for this account is a commission of $6, while the spread is a Floating spread from -1 pip.
FBS Account Opening Process
We facilitate the Demo account opening process alongside providing the details of FBS Brokerage and fees. So, check out the following steps to get associated with the account.
- Start with clicking on the “Open Trading Account” button, which is located at the bottom of the page.
- Now, you will see a pop-up form requiring your contact details and interest.
- Fill the form you see and submit it instantly.
- These details will help the broker connect with you and open an account with them.
- Furthermore, you also need to go through the KYC Process thereafter.
- When the broker confirms your identity and residence, they would verify the account and take it to live.
- The broker will then send you your account login credentials and let you start trading instantly.
FBS Payment or Withdrawal Methods
|Deposit Options||Credit Card, Neteller, PerfectMoney, Skrill, Wire Transfer|
|Withdrawal Options||Credit Card, Neteller, PerfectMoney, Skrill, Wire Transfer|
Funding your account is yet another crucial aspect you need to check out. Take a brief look at the mediums which the broker accepts while you try to fund your account or try withdrawal.
This is to ensure you have every aspect sorted and that, you can instantly fund and also withdraw money from your account.
So, here is the list of mediums you can use to deposit funds – Credit Card, Neteller, PerfectMoney, Skrill, Wire Transfer.
The same set of options can be used for withdrawal as well, i.e. Credit Card, Neteller, PerfectMoney, Skrill, Wire Transfer.
FBS Investment Assets
|Total Tradable Assets||79|
|Number Of Currency Pairs||35|
|Number Of Cryptocurrencies||0|
|Number Of Stocks||33|
|Number Of Indices||No|
|Number Of Commodities||No|
|Number Of Futures||No|
|Number Of Options||No|
|Number Of Bonds||No|
|Number Of Etfs||No|
Let us now get accustomed to the assets you can trade-in. There are a bunch of options you can try being the client of FBS.
You may also have certain instruments in mind, which you want to trade-in, and therefore, you must check if the broker provides trading in the specific asset class.
All of this starts with Currency Trading, where you can invest in several 35 currency pairs.
FBS provides a total of 79 tradable assets which is basically limited, as compared to other brokers out there.
The rest of the asset classes the broker facilitates are Stocks, while they do not have trading in commodities, indices, cryptocurrency, and more.
They have only 2 asset classes as of now, which is pretty limited in specific terms.
FBS Commission – Conclusion
This is the end to the article, as we have already discussed all the major aspects of the account, the commission in specific.
We have provided you the detail of the FBS commission and the parameters on the basis of which the prices range.
You can therefore use the FBS Commission data and make the most of your investment decision.
Weigh in all the factors as provided and make the best investment decision. We mean to say, choose the broker after thorough study and research, having end-to-end knowledge.
FBS Charges or Fees – FAQs
Check out major FAQs on FBS Charges or Fees –
Do FBS charge commission?
Yes, FBS does charge a commission which is subject to change on the basis of multiple accounts they offer.
So, for starters, the cent, micro, and standard account have zero commission. While the commission for the zero spread account is from $20/lot and the ECN account $6.
How much does FBS charge as brokerage?
Brokerage is basically taken for the share related transaction. On the contrary, end, if you trade in currencies, you have to pay spreads which are yet different for a different types of accounts.
There is also a zero spread account, where no spread charge is applicable.
What is the Minimum Deposit required in FBS?
The minimum deposit for the account the FBS provides ranges from $1 to $1000. This would depend on the type of account you choose to avail.
Cent account has a $1 deposit, Micro has $5, Standard has $100, zero spread has $500, while the ECN account requires a minimum deposit of $1000.
How much leverage does FBS provide?
The leverage the broker provides as well varies on the basis of the account they offer.
So, in a way, they offer up to 1:1000 for the Cent account, up to 1:3000 for the micro, standard as well as Zero Spread account. Finally, they offer around up to 1:500 for the ECN account.
How much is Spread at FBS?
Spread Charges in context with the forex broker vary from one account to another.
Applicable spread for Cent account is Floating spread from 1 pip, while it is Fixed spread from 3 pip for a micro account, Floating spread from 0,5 pip for a standard account, Fixed 0 pip spread for Zero spread account and Fixed spread 0 pip for ECN Account.
What type of Commission Plans available in FBS?
There are no separate Plans of commission available for the clients. They have the options to choose from multiple live trading accounts on the basis of the commission attached with the account.
So, you have a total number of 5 accounts to choose from, i.e. the Cent account, micro account, standard account, zero spread account, and ECN account.
Do FBS provide Cryptocurrency for Investment?
No, cryptocurrency is not an option of investment in case you choose FBS as your forex broker.
On the contrary end, you can use the combination of currencies, while also trade in shares of different companies as FBS client or FBS account holder.
Is FBS a legit Forex Broker?
FBS is indeed a legit stockbroker since they have a major portion of clients already and are not involved in a fraudulent transaction.
It is regulated with CySEC, IFSC on the other hand, which is yet another measure of the trust and reliability of this broker.
Can I invest in FBS for $5?
Yes, you sure can invest with FBS using only $5. The account you can avail of using this amount as a minimum balance is the Micro account.
We also have good news, as you can invest with even fewer amounts than $5. The cent account is offered at only a $1 minimum balance.
Are there any hidden charges available with FBS?
No, there are no hidden charges associated with the FBS account, the major ones of which we have already shared.
The broker is pretty transparent regarding the charges and discloses everything at the time you register with them. So, there are no related Hidden charges whatsoever.
Fill up the Form – Open Forex Trading Account Now!
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