FBS Trading Account – Review, Types, Process, Benefits, Charges & more
FBS Trading account is one of the great market offerings, which lets you take on the stock market with a storm.
Trading accounts are the gateways of trading in the forex market, just like they are for stock trading.
Furthermore, the broker also provides the demo account which is indeed a requirement of major traders.
Beginners or otherwise, the FBS online trading facilities lookout for the need of every trader.
This article basically states everything regarding the demo account and the trading account as well.
We have also included why they would be your perfect companion while trading in the forex market. Check the type of trading account the company offers
FBS Trading Account and Benefits
Choosing FBS as your forex broker has a lot of perks and in abundance. You get not one kind of account you have to assuredly choose.
You can choose from a combination of different kinds of FBS Trading Account. Every account which the broker provides is different and distinctive in their own manner.
You need to take a closer look into each of the accounts and their functionalities so you can choose a compatible one.
Parameters on the basis of which the accounts vary are charges, minimum balance requirements, and more.
Different accounts suffice for different needs of clients like the Zero spread account has no spread payment, the cent account lets you start trading in $1, the ECN account is for experts, and many other such parameters.
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FBS Trading Account Charges
|Trading Account Charges|
|Account Type||Cent||Zero Spread||Standard||Micro||Unlimited ECN|
The next crucial discussion is the charges which you have to pay to the broker at different intervals. You have to keep your expenses and returns in check, as this would help you make profits.
Being unaware of the expenses associated with the FBS Trading account would only lead you to loss. It is because you would not know the deal which would fetch you positive returns, as you may settle for little.
The first obligated charge is the commission, which is taken per order or state otherwise. Brokers may or may not waive it off, and it may depend on the kind of account as well.
Furthermore, there is a requirement of the initial deposit, payment of spread, Swap fee, and more. All of such charges as well depend on the kind of account you choose.
The payment medium chosen may as well lead to a deduction of a certain amount.
Types of FBS Trading Account
|Types of Trading Account|
|Trading Desk Type||ECN, No dealing desk, STP|
|Suitable for beginners||Yes|
|Suitable for professionals||Yes|
|Suitable for scalping||Yes|
|Suitable for daily trading||Yes|
|Suitable for Weekly trading||Yes|
|Suitable for swing trading||Yes|
The broker makes it easy for you to try out forex trading and also provides all the assistance you need.
Needs are diverse and hence, to keep up with all of them, the broker offers a separate set of accounts. Let us begin discussing each of them in detail.
Stating the obvious, the initial deposit requirement of this account is quite less, as the name signifies.
So, you have to maintain an initial deposit of only $1, where the spread payment is a Floating spread from 1 pip.
This account comes exclusively with commission whatsoever. Leverage is as well provided with the account and it is of up to 1:1000.
Furthermore, you are permitted to open only 200 orders at a stance, and the order volume permitted is from 0,01 to 1 000 cent lots (with 0,01 step).
The next account in consideration is the Micro Account, which has a minimum deposit obligation of $5.
Spreads range are Fixed spread from 3 pips, while the commission is taken down on this account and stands at Zero.
Leverage is a significant part of the account and it is 1:3000, which is as well provided in Standard and Zero accounts.
Furthermore, you are permitted to open a total number of 200 orders at a time. There is also a certain limit on the order amount and it is from 0,01 to 500 lots (with 0,01 step).
Let us now get you started on the essentials of the standard account. So, there are the next options you can avail of which has the condition of $100 as the minimum deposit amount.
Spreads charge is as well specified to the clients in advance, and it is a Floating spread from 0,5 pip.
Commission on the other hand is waived off, while there is also facilitation of leverage. So, you can avail yourself of up to 1:3000 in leverage, and keep up with 200 open positions.
Finally, we have the data on the market execution time as well, which is the same for all the accounts except ECN.
It is from 0,3 sec, STP. Regarding the order volume of the standard account, it is from 0,01 to 500 lots (with 0,01 step).
Zero Spread Account
Let us begin with the initial deposit of this account, which is $500, a rather high amount.
But, the perk which this account offers is, waived off spread charges. Hence, there is no such charge as a spread in this account.
Furthermore, the commission is however a part of the account, unlike the above accounts. It is at the rate of $20/lot.
200 open order positions or pending orders are allowed in this account with leverage of up to 1:3000. Order volume stats is from 0,01 to 500 lots (with 0,01 step).
Giving you a quick peek into the aspects of this account, the initial deposit requirement is $1000.
Others are Floating spread from -1 pip, commission @ $6, leverage up to 1:500, with no trading order limit, and order volume of from 0,1 to 500 lots (with 0,1 step).
FBS Account Opening and Trading Process
It is time to take a look at the entire process of trading with FBS. We have included the entire process starting right from opening a trading account, setting up the trading platforms, to placing orders.
Open Trading Account
This section states the process to get a trading and a demo account. The broker provides both of them together for your consideration.
- Locate the button Open Demo Account and touch it.
- When you see a pop-up form appears, fill it up and submit it.
- When the broker receives your application, they will get in touch.
- You then have to finish the KYC process, which is pretty crucial.
- When your KYC documents reach the broker and they approve it, your account will be verified.
- When verified, they will send you your account and log-in credential details via email, and a letter for taking you on board.
FBS Login Process
- Now, you need to go through all the platforms which the broker provides and choose the most likely one.
- If you choose the web-based platform, open a browser. If you choose the app or the trading terminal, download both the software from appropriate mediums and run them.
Download and set up
- When the download process is done, you need to open the app or the software.
- The first thing you would see is the login option on the software.
- You then need to enter in the login credentials from before.
- When you gain access to the platforms, you must take a tour of the entire place and the options.
- Try the demo account for starters and also use the funding options.
- Now, you can monitor the market, your favorite instruments and also establish investment strategies.
- You can now use the buy and sell order to place instant trade orders.
FBS Trading Account – Features
|Social Trading / Copy Trading||Yes|
|Guaranteed Stop Loss||Yes|
|Guaranteed Limit Orders||Yes|
|Guaranteed Fills / Liquidity||Yes|
|Trading From Chart||No|
|Interest On Margin||No|
|Other Trading Features||No|
To give you the end-to-end insight on FBS Online Trading, we have incurred the table.
Via the tabular representation, we give you the entire details of the features which come along FBS Trading account.
It starts with educational services, where you get to earn a lot about the forex market.
Furthermore, the broker provides copy trading, trading signals, email alerts, guaranteed stop loss, guaranteed limit orders, and guaranteed fills or liquidity.
The other massive set of features included is OCO orders, Trailing SP/TP, automated trading, API Trading, VPS services, charting interest on margin, hedging, one-click trading as well as expert advisory.
These are all the ways in which you can ask for the broker’s assistance.
FBS Trading Account – Conclusion
This article can be summed as the fully-fledged research materials on the FBS Trading account. In a way, we have drafted to you, all the minor, as well as the major aspects of the trading accounts.
You can check the number of account offers they provide, and the features they include as well. We have covered the details of the charges alongside the help they would provide.
FBS Online Trading – FAQs
Here are the list of FAQs on FBS Online Trading & Trading Account –
Does FBS provide Online Trading?
Yes, FBS does provide the opportunity of trading online, to all of its clients. they offer multiple accounts to their potential customers, giving them the feasibility to choose from the account, as per their personal need. Each account offers something unique.
What are the Commission Charges in FBS?
Commission charges are basically waived off for the majority of accounts, which include the Cent account, the micro account, and the standard account.
Furthermore, the commission taken on the zero spread account is from $20/lot, while it is $6 for ECN Account.
Does FBS provide Demo account Trading?
Yes, a demo account is a part of the trading account offer FBS makes.
You can opt for a demo account and learn the basics and the in dept trading information and practices from the trading account.
This would let you invest in the best of deals while avoiding the deals which would incur losses.
Is trading Free at FBS?
Trading is basically free for the demo account. It is the demo account that lets you learn a lot about trading with the real account.
However, if you consider the trading account, there are commission charges, spread charges, initial deposits, and more. They basically depend on the account you opt for.
Does FBS provide Spot Metals Trading?
Yes, FBS does provide trading in spot metals. You can invest in precious metals and oils with FBS, while constantly monitoring them.
You can monitor the metals, make likely investment strategies and then invest in the ones you deem as profitable.
What are Spot Metals Trading Charges at FBS?
The broker provides trading in spot metals such as palladium, platinum, XAGUSD Silver, and gold spot.
The Spread charge basically differs for all of them on multiple grounds. It also ranges as per the order type you choose, i.e. the Minimal spread, typical spread, swap long, swap short, and stop level.
Does FBS provide Stock Trading?
Yes, this forex broker also facilitates stock trading for aspiring traders.
In case you wish to trade in stock as well, using the same FBS Trading account, you can avail of the service for an additional charge. The Brokerage will as well be a part of such cases.
What is Spread at FBS?
Spread charges basically vary for all the accounts which FBS offers.
So, mentioning each and every account, the spread for cent account is floating spread from 1 pip, for a micro account is fixed spread from 3 pips, for standards account is Floating spread from 0,5 pip, for Zero Spread account is Fixed spread 0 pip and for ECN account is Floating spread from -1 pip.
Is FBS safe for trading?
Yes, the forex broker FBS is a choice of a lot of forex market traders from different parts of the world.
They provide multiple services, rather efficient ones to their clients, and also are regulated by the authorities CySEC, IFSC, which you can check with.
Do FBS provide Trading Tips?
Yes, providing trading tips is indeed a part of the offering of the forex broker in concern.
They help their client base with trading tips, which is majorly a result of their extended experience in the market, as well as the stature they earned.
Fill up the Form – Open Forex Trading Account Now!
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