Read our FBS account types review and determine which setup suits your trading style best. Additionally, you may read our FBS full broker review.
FBS Account Types Overview
FBS Account Types Features | FBS Account Types Details |
|---|---|
Minimum Deposit | $1 |
Minimum Forex Spreads | 0.0 pips (commission-based) / 0.6 (commission-free) |
Commissions | $6 per 1.0 standard round lot |
Rebate Program | Yes |
Maximum Leverage | 1:3000 (dependent on the subsidiary, account type, and asset) |
Order Execution Model | Market Maker / STP/ECN hybrid |
Minimum Trade Size | 0.01 lots |
Algorithmic Trading | Yes |
Copy Trading | Yes |
Mobile Trading | Yes |
VPS Trading | Yes |
API Trading | No |
Noteworthy:
- The competitiveness of the trading environment and available products/services depends on the operating subsidiary.
FBS Account types – Key Points
- Low minimum deposit requirements
- Algorithmic trading, MAM accounts, and copy trading
- No requotes.
- Generous bonuses and other incentives
- Competitive trading fees
Account base currencies are either US Dollar or Euro, and the maximum leverage permitted is 1:3000, except for 1:5 in the cryptocurrency account. Negative balance protection exists, while the margin/stop-out level for standard accounts is 40%/20%, respectively this is 30%/10% in the Pro account.
The main account types are as follows:
FBS Standard
The FBS Standard account is ideal for most traders, offering competitive commission-free floating spreads from 0.5 pips or $5.00 per 1.0 standard lot for a minimum deposit of $1. Maximum open lots are 500, and all assets are available.
FBS Cent
The FBS Cent account is similar to Standard, but minimum trading fees are 1.0 pips with maximum open lots of 1,000 cent lots. It is ideal for testing strategies and EAs and learning how to trade with a small dollar risk.
FBS Pro
The FBS Pro account is the most competitive option due to the lowest trading fees with minimum commission-free floating spreads of 0.3 pips. It requires a $1,000 minimum deposit.
FBS ECN
FBS notes minimum floating spreads of -1.0 pips in this Forex-only account type for a commission of $6.00 per 1.0 standard round lot on the MT4 trading platform.
FBS Crypto
The dedicated cryptocurrency account is available in MT5 and FBS Trader, with fixed spreads from 3.0 pips. Commissions are 0.05% for opening (half turn) and 0.05% for closing positions. Assets consist of 30 coins, 48 coin-fiat, 25 coin-coin, and ten coin-metal. FBS offers 24/7 cryptocurrency trading.
FBS Zero Spread
The FBS Zero Spread account has fixed spreads of 0.0 pips, but commissions start from $20 per 1.0 standard lot, making it an expensive account type. Traders get the MT4 trading platform, but only 31 Forex pairs and two metals.
FBS Micro
The FBS Micro account features fixed spreads from 3.0 pips or $30 per 1.0 standard round lot, the most expensive option at FBS. Otherwise, the trading conditions are identical to the FBS Zero Spread alternative.
FBS Islamic Account
FBS offers swap-free Islamic accounts after traders contact customer service for activation. They are only available for Standard, Cent, and demo accounts.
FBS Demo Account
FBS offers unlimited demo accounts, but they automatically expire depending on the demo account type, with the maximum limited to 45 days for MT4. FBS states that MT5 closure remains at the discretion of FBS.
- Beginners can test the FBS trading conditions and trading platforms.
- Traders can test EAs, tweak and try new strategies, evaluate signal providers, and bug-fix algorithmic trading solutions if they get extended MT5 usage.
- Beginners should consider limitations like the absence of exposure to the trading psychology aspect and managing emotions when funds are virtual.
FBS Account Opening - Step by Step
The online application onboards new FBS traders.
Below is a step-by-step guide on how to open your FBS trading account:
1. Go to the FBS website and click “Open Account.”
2. Enter your e-mail address and name. You may also use Facebook, Google, or Apple IDs.
3. Click “Register as Trader,” set your password, and confirm your e-mail.
4. Select one of the FBS account types and trading platforms.
5. Verify your trading account, which is mandatory.
6. Complete your account registration and setup by making the FBS minimum deposit. FBS will e-mail a confirmation, which includes account login details.
Noteworthy:
- EEA-based traders must open accounts with the broker’s CySEC-regulated subsidiary.
Restricted countries:
- FBS does not accept traders who are resident in the US, the EU, the UK, Israel, the Islamic Republic of Iran, or Myanmar.
FBS Account Verification
Account verification is mandatory. Most traders pass it after uploading a copy of a government-issued ID and one proof of residency document.
FBS Account Pros & Cons
Traders should consider the pros and cons of the FBS account types.
The pros of the FBS account types are:
- Low minimum deposit requirements
- Competitive trading fees
- No requotes.
- Generous bonuses and incentives
The cons of the FBS account types are:
- Competitiveness depends on the operating subsidiary you are engaging with.
FBS Safety & Security
FBS complies with two global regulators with 12+ years of operational experience. It segregates client deposits from corporate funds and offers traders negative balance protection. Following a security breach, FBS hired technical audit companies, shifted customer support to an encrypted VPN, and installed an Intrusion Detection System (IDS).
How to Remove an FBS Account
FBS notes that it does not delete accounts but archives them after 90 days of inactivity. The reason FBS gives is to allow traders to return to FBS whenever they wish.
FBS Account Types Bottom Line
Traders get a choice between seven FBS account types, including a dedicated cryptocurrency account. Account base currencies are the USD and the EUR, trading fees are competitive, and FBS allows algorithmic trading. Traders also benefit from the absence of requotes on the platform and generous bonuses. The FBS Pro account offers the most competitive trading conditions. Yes, FBS offers swap-free Islamic accounts. No, FBS does not have a dedicated bonus account but applies all bonuses directly to live trading accounts. The FBS Pro account offers the lowest trading fees and the most assets, making it the best choice for most traders. Verified traders can open ten of each FBS account type if total deposits exceed $100. Otherwise, they can open one of each account type.FAQs
Does FBS offer an Islamic account?
Does FBS offer a bonus account?
Which account type is best at FBS?
How many accounts can I have at FBS?