FBS Account Types

FBS is an extremely commendable Belizian broker that is trusted worldwide. And there are quite a few reasons behind that, and two of them are FBS regulations and FBS account types. FBS broker is regulated in almost every FX trading hub, including the UK, Australia, and Cyprus, by ASIC, CySEC, IFSC, and FSCA.

That is why it is trusted and used in over 190 countries worldwide, including India and South Africa. FBS is one of those FX brokers that offer a wide range of accounts with many types for traders. 

So, let’s get started:

FBS Account Types and their Features

FBS provides six types of active accounts trusted and loved by many of its users in South Africa. So, let’s go:

Standard Account

The standard account is made for those traders who prefer the old traditional kind of trading. 

Features:

  • You need a minimum deposit of $100.
  • Spread is starts from 0.5 pips.
  • Zero commission trading.
  • Access to a variety of bonuses.
  • The maximum leverage of this account is 1:3000.
  • Market execution from straight-through processing (STP) in 0.3 seconds.
  • Maximum 200 pending orders, as well as open positions, are given.
  • Order volumes are starting with 0.01 step from 0.01 up to 500 lots.
  • You can also convert it to Islamic Account.

Cent ACCOUNT

In this account balance is represented in cents.

Features:

  • You need a minimum deposit of $1.
  • Spread starts from 1 pip.
  • Zero commission trading.
  • The maximum leverage of this account is 1:1000.
  • Market execution from straight-through processing (STP) in 0.3 seconds.
  • Maximum 200 pending orders, as well as open positions, are given.
  • Order volumes are starting with 0.01 step from 0.01 up to 1000 lots.
  • You can also convert it to Islamic Account.

Micro Account

In this account, the gained profit of an FX trader is calculated more precisely.

Features:

  • You need a minimum deposit of $5.
  • Spread (fixed) is three pips.
  • Zero commission trading.
  • Access to a variety of bonuses.
  • The maximum leverage of this account is 1:3000.
  • Market execution from straight-through processing (STP) in 0.3 seconds.
  • Maximum 200 pending orders, as well as open positions, are given.
  • Order volumes are starting with 0.01 step from 0.01 up to 500 lots.
  • You can also convert it to Islamic Account.

Zero Spread Account

In this account, the spread is 0 pip.

Features:

  • You need a minimum deposit of $500.
  • Commission starts from $ 20 per lot.
  • Access to a variety of bonuses.
  • Other features are the same as the Standard account.

ECN Account

This account is made for advanced and updated trading.

Features:

  • You need a minimum deposit of $1000.
  • Spread is starts from -1 pips.
  • USD 6 is the starting commission.
  • The maximum leverage of this account is 1:500.
  • Pending orders, and open positions, are unlimited.
  • Order volumes are starting with 0.01 step from 0.01 up to 500 lots.
  • Execution fees are always applied.

Conclusion

Moreover, you can trade with a crypto account to trade in cryptocurrencies like Bitcoin. While demo and Islamic accounts are also available so that you can enjoy them 

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