FBS Account Opening | How to Open FBS Account

Pros

Cons

  • Demo account option
  • Swap-free accounts
  • Bonus
  • Low commissions
  • Various account types
  • Not available in the USA, Japan, Brazil
  • Limited account options for EU resident members

Introduction

FBS is an online forex and CFD broker that’s founded in 2009. It’s operated by Tradestone Ltd and regulated by the Cyprus Securities and Exchange Commission (CySEC) and the International Financial Services Commission of Belize (IFSC).

Countries Available

FBS accepts traders from more than 190 countries and has over 16 million users worldwide. Although it’s not available in Belize, the USA, Brazil, Thailand, or Japan.

Account Types

There are 5 main account types in FBS which are cent, micro, standard, zero spread, and ECN. each one of them has its own features from the others. You can find more information about them in the following table.

FBS – Account comparison

 

Cent

Micro

Standard

Zero Spread

ECN

Demo Account

Yes

Yes

Yes

Yes

Yes

Bonus

100% Deposit Bonus, Trade 100 Bonus,

and Cashback

Trade 100 Bonus and

100% Deposit Bonus

100% Deposit Bonus and

Trade 100 Bonus

Spread

Floating spread from 1 pip

Fixed spread from 3 pips

Floating spread from 0,5 pip

Fixed spread 0 pip

Floating spread from -1 pip

Commissions

$0

$0

$0

from $20/lot

$6

Min deposit

$1

$5

$100

$500

$1000

Swap free

Yes

Yes

Yes

Yes

No

Offering of investments

35 currency pairs, 4 metals,

Indices, 33 stocks

: 35 currency pairs, 4 metals, Indices

35 currency pairs, 4 metals,

Indices, 33 stocks

35 currency pairs,

4 metals, Indices

25 currency pairs

Platforms

MT4/ FBS Trader

MT4/ FBS Trader

MT4/ FBS Trader

MT4/ FBS Trader

MT4/ FBS Trader

Notes:

  • For EU resident members, the Cent and Standard Accounts are only available, but for the non-EU residents, all account options are available.
  • In addition to the previous types, there’s an islamic account option for those who live in amuslim country.
  • FBS also provides a demo account with 0 fees if you want to experience the trading platform with no risk.
  • There’s an option to join the FBS affiliate partner program if you want as well.

Min Deposit

The minimum deposit differs according to the account type as the following:

  • Cent: $1
  • Micro: $5
  • Standard: $100
  • Zero Spread: $500
  • ECN: $1,000

How to Open Account

The process of opening an account is pretty simple. We will guide you through little steps to register and start using FBS.

You can open an FBS account in minutes through these steps:

  1. Visit the FBS site.
  2. Click the “Open an account” button in the top right corner of the website.
  3. You can open your account manually through a social network like Facebook, Google, or Apple.
  4. Choose the account type you want to open.
  5. Next you have to set the currency of your account and fill in your full name, email and mobile number.
  6. The system will generate you a password and you can change it after that.
  7. Your account is ready.

FBS Account Opening | How to Open FBS Account

FBS – Account opening

Notes:

  • Due also to the requirements of the regulatory bodies that supervise FBS, it is necessary that in order to operate with your account you send them a proof that proves your identity and another proof that proves your current address :
  • Identity document : You must send a copy of your ID, your passport or driving license . It has to be an official document that clearly shows your identity and that it is valid (the document you send cannot be expired). You can scan any of these documents and send it in PDF, JPG, GIF, or take a photo with your mobile if it is more comfortable for you. In any case, the image must have good quality and be completely readable, otherwise it may give you problems to verify it.
  • Proof of address : This is to send a document that shows your current address . You will have to send a recent utility bill (not exceeding 3 months) for electricity, water, gas, landline or Internet (many brokers do not accept, for example, mobile phone bills). You can scan and send it in PDF, JPG, GIF, or take a photo with your mobile. Like the previous document, all the data must be legible and have sufficient quality.

FAQs

  1. Does FBS allow bot trading?
  • Yes, it does allow bot trading.
  1. Does FBS provide an islamic account?
  • You can choose any of the swap free accounts like the Cent, Micro, Standard, or Zero spread accounts. All of the previous accounts have an option of swap-fee.
  1. Does FBS give a bonus?
  • Yes, it has up to $140 as a welcome bonus.
  1. Does FBS allow scalping?
  • Yes, FBS does allow trade with scalping.
  1. What is an FBS Trader?
  • It’s a mobile trading platform for FBS broker that’s available on both Android and IOS.
  1. Can I open more than one trading account?
  • Yes, you can open up to 10 accounts of each type within one Personal area if 2 conditions are accomplished:
  1. Your Personal Area is verified
  2. The total deposit to all your accounts is $100 or more.
  3. How to enable the swap-free option in my account?
  • Steps:
  1. Open your account
  2. Activate the swap-free feature
  3. Trade and get profit


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