FBS Account Types

What are FBS accounts?

74-89% of retail accounts lose money, FBS account types in the European market Being regulated by CySEC FBS has the advantage of boosting the highest-flying rules that are respected throughout the financial world, and this results in some subtle differences between the types of FBS accounts available in the European market and others, and in general, there is still a distinct set of options for all European users to choose from when opening an FBS account, and when investing money online.

FBS Account Types

The difference between micro, mini, and standard accounts and the types of FBS accounts, in general, are as follows:

Demo account: The FBS demo account for a European user is always available for a trial period of 90 days, and it usually expires after this period, but you can create another FBS demo account whenever the customer wants.

The FBS demo account is available for each account type available to FBS CySEC traders, meaning that the accounts Standard and Micro Demo are available FBS demo account has the same features and benefits as real FBS accounts, this allows the client to fully repeat the terms of live trading and there is also the possibility of slippage during a busy market period or volatile times.

Cent Account: Available for CySEC users, it is very suitable for those who want to trade with small amounts, but still enjoy the great features of a real account with FBS.

In this account the client can trade in cents, this makes trading volumes smaller and ultimately reduces risk, however, FBS leverage at 1:30 is still available.

The minimum deposit for the FBS Cent account is as low as €10 and the account features a floating spread of 1 pip and offers commission-free trading.

Standard account: It is the option that is usually chosen by many traders in the European Union and the client can open a standard account with FBS with a deposit of 100 euros, the account is characterized by a floating spread of 1 pip and leverage available at 1:30 and trading without commission again.

Islamic Account: Having an Islamic account with FBS is a very important feature for those who want to follow the provisions of Islamic law, and this is what FBS provides and it is an account available to FBS Cent account holders and traders of standard accounts and through the FBS Islamic account Foreign currency pairs with CFDs are not available, Although every FBS account feature and other market functions are available through the account.

Types of FBS accounts in the international market

Moving on to the types of FBS accounts available to international users:

1. Demo account: Of course, it is available for international traders but this demo account differs slightly in that it is available for a trial period of 45 days and a new demo account can then be created after these 45 days, there is no limit on the accounts that can be opened with each available type as with EU Demo Account Slippage may occur during busy market periods.
2. Cent account: Available for international users and a minimum deposit of $1 is required. This account also has a variable speed starting from 1 pip and is commission-free. This account is traded using the STP method, which is a great way to start learning to trade with FBS.
3. Standard Account: It is available for international traders with a minimum deposit of $100 and this account has a spread that moves from 0.5 pips and STP processing method is usually used here as well, and commission-free trading can be taken advantage of as standard and FBS leverage with a maximum of 1:3000.
4. Micro account: The micro account is available if the client wishes to trade FBS international and this account is a meeting between the FBS cent account and the standard account. The minimum deposit with FBS is $5 here and a fixed spread starting from 3 points is applied this account provides a maximum leverage FBS is 1:300 and trades without commission using the STP processing method used.
5. Zero accounts: offers a large fixed spread of 0 pips for FBS traders based outside of Europe, this also comes with wide leverage of up to 1:300 and uses the STP processing method to ensure the best possible deal, a commission of $20 per lot and a minimum deposit of FBS to open a Zero account is $500.
6. ECN Account: Available account. This requires a minimum deposit of $100 and holders can benefit from leverage up to 1:500. FBS ECN account commission is $6, spreads start from -1 pip and this type of account offers only forex pairs trading.
7. Islamic Account: International traders can also benefit from the availability of an Islamic account from FBS. This is available with every account type offered, the only exceptions in terms of market availability being the unavailability of Forex and CFD trading.

FBS Secondary Accounts

Secondary FBS accounts are limited and the options really do not exceed the Standard and Micro accounts mentioned above a lot of options can be enjoyed if the client is using the international side of FBS, he will also be able to open a copy trading account if he so desires and the account can be used to copy trades or provide signals for the user and trade FBS is available through Standard and Mini accounts for IFSC approved international traders only, FBS traders are also known as investors and that is why this can also be categorized as a type of FBS investor account. [1]

Steps to open a real account with FBS

Opening a real account with FBS is done according to the following steps:

• Choose a type of FBS account.
• The customer must first visit the FBS homepage in the city in which he resides, and from there he will be guided through the step-by-step registration process to get and operate a real FBS account.
• FBS verification is another required step in the trading process using the client's real account with FBS and the steps can be completed online as long as he has some basic documents to hand, the requirements include proof of the client's identity document and also proof of his residence.
• The currency of the FBS account is only available in EUR for those residing in Europe and if the user is using FBS International they will also have the option of the base currency in USD.
• The customer should read the table of currency symbols and their abbreviations well.
• The minimum deposit in FBS varies depending on the location of the client, and for those residing in Europe it means either €10 or €100 and if using international FBS regulations, the minimum deposit can be anywhere between $1 and $100 depending on the account type.

FBS Account Funding

Funding of the customer’s account with FBS from Europe can be completed in the euro currency only and if the customer has an international account, it can be funded with any of them, but it will be converted into US dollars or Euros and may be charged depending on his payment method and the customer must know the best times for currency trading.

Deposit in FBS accounts

For FBS deposits from Europe, they are usually duty-free, instant when we consider the time taken to deposit, the exception is bank transfers which may charge a small fee and take 3-4 days to process.

International account deposits are usually fee-free, and SticPay and PerfectMoney charge fees although each deposit method presented here can be instant in nature.

How to withdraw from an FBS account

Withdrawal methods from FBS within Europe are usually without fees and on the same business day, bank transfers may apply some fees and usually take 48 hours to process.

If the customer has an international account with FBS then withdrawals are also usually without fees and processed within 15-20 minutes, some fees may be charged depending on the method, and as BitWallet withdrawals are completely instant.

Trading and forex

As we mentioned earlier, there are various types of FBS accounts and various types of forex trading contracts, which are among the best trading ideas for the best forex company, and we will mention in the following several comparisons between the types of FBS accounts.

• The difference between Micro and Cent accounts is Minor. Although the initial deposit in both accounts is as small as $1 in a Cent account and $5 in a Micro account, there are important differences.

The Cent account provides users with a variable spread starting from 1 pip when a Micro account offers a fixed spread of 3 points. Secondly, in the Cent account, the leverage is 1:100, but in the Micro account it is 1:300 and both accounts support all bonus programs, the following trading tools: 35 currency pairs, 4 metals, and 3 CFDs.

• Difference between Standard and Cent: They are two of the most popular accounts for traders. Cent account can be opened with $1 in the client’s pocket. A standard account requires at least $100.

Although there is no commission in both accounts for traders, the same number of open positions, and pending orders (200), The standard account provides a leverage of up to 1: 3000. In contrast, the cent account offers only 1:100 and the speed differs in that it moves in both accounts, but in the standard account, it starts from 0.5 pips and at the expense of one cent from one point.

The standard account is For an account without spreads, there is a big difference in the initial deposit between these two accounts, you can open a standard account with a deposit of $100 but to open a Zero Spread account you have to deposit at least $500.

The Zero Spread account requires a commission from traders of $20 per lot while the Standard account has no commission, leverage (1:3000), and the number of maximum open positions, pending orders (200) are the same on both accounts but the spread differs as it moves from 0.5 pips A standard and fixed point of 0 points at the expense of a zero spread.

• Difference between Zero Spread and ECN Account: These are the accounts with the largest initial deposit of $500 Both accounts have a fixed commission of $6 on the ECN account and $20 per lot on the Zero Spread account ECN has the smallest leverage 1:500, and the Zero Spread account has the largest 1: 300 The ECN does not provide users any limits for trading, according to the currency trading times in Saudi Arabia but the Zero Spread account has a maximum of 200 open positions and pending orders and the ECN account offers 25 currency pairs when the Zero Spread account offers 35.