FBS Fees and Commissions Revealed

Pros

Cons

  • Low commissions
  • Low CFD fees
  • Average Forex fees
  • Zero spread account
  • No inactivity fee

Introduction

With the FBS broker you can invest online in a multitude of different financial instruments such as forex, CFDs, and metals.

This company, which has more than 10 years of experience in the sector, stands out for offering a professional and transparent service . The FBS group has a presence in a lot of countries and has various regulations, for example it is regulated by the CySEC, Cyprus Securities and Exchange Commissions.

But, what is the cost of their services? Like other online brokers, FBS applies a series of fees, which represent their fees. If you want to know what are the most significant commissions for trading in Forex, and CFD with this online broker, whether you are a client belong to the Latin American area, we invite you to read this article:

FBS fees may vary from account type to another. Please read the following sections for more information.

Commissions

FBS fees may vary from account type to another. Please read the following sections for more information.

In general, FBS has low commissions and CFD fees, and it offers a swap-free option on all of its accounts except for the ECN account. On the other hand, FBS does charge withdrawal fees on most of the options and there are charges as well for some of the deposit options.

FBS has competitive commissions available on its accounts that start from $0 for all the accounts except for the Zero Spread account that has a commission of $20 per lot.

Note:

FBS reserves the right to impose a 5% commission if you make a withdrawal before trading.

Trading Fees

Forex

The forex fees depend on your account and your country of residence as described in the ‘Account Opening’ section.

The forex spreads according to the account type are as the following:

  • Cent – floating from 1 pip
  • Micro – fixed from 3 pips
  • Standard – floating from 0.5 pip
  • Zero Spread – fixed at 0 pip
  • ECN – floating from -1 pip

Stock Fees

FBS has very low spreads for stocks as it starts from 1 pip, and the typical spread is around 3 pips.

Metals

There are metal trading fees applied, and it ranges from 2 pips for the XAGUSD pair to 240 pips for palladium.

CFD Fees

FBS does offer competitive fees for contracts for differences (CFDs) that have a minimum of 2 pips to 25 pips.

Disclaimer: CFDs have a high risk of losing money rapidly. 79% of retail investor accounts lose money due to leverage when trading CFDs with this provider. CFDs are not complying with the islamic religion. And if you want to trade in CFDs you should consider a swap-free account to follow islamic rules. Learn more about CFDs for muslims.

Non-Trading Fees

Account fee : $0

Deposit fees: Mostly free of charge ($0)

Withdrawal fees: starts from 0.5%

Inactivity fee: FBS does not charge any inactivity fees on its international accounts. Your account will be disabled after 90 days of inactivity, but you can simply contact the broker to reopen it.

FAQs

  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. 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

 



Leave a Reply