How to Create FBS Live Account
To start trading with FBS, you need to open a live account. This process is fairly straightforward and usually takes no more than a day to complete.
FBS provides traders with a selection of account types tailored to meet their individual needs and goals, such as Standard, Cent, Micro, Zero Spread and ECN accounts.
Standard account
The Standard account is an ideal option for novice traders looking to trade currencies on the foreign exchange market. These accounts offer several features that make trading easier, such as competitive spreads and leverage.
Standard accounts typically offer larger trade sizes, though they may also require higher minimum deposit amounts. On the plus side, standard accounts provide more freedom in regards to what types of orders can be placed.
Standard accounts are the most common trading accounts offered by Forex brokers. They cater to both novice and experienced investors alike, granting traders the ability to trade on a variety of financial instruments.
For instance, the Standard account allows you to trade currency pairs and CFDs as well as cryptocurrencies. Furthermore, it provides a number of features that can enhance your experience, such as swap free trading.
Another great advantage of this account is that it provides floating spreads from 1 pip, meaning you can save on commissions. This feature proves especially advantageous during periods of high volatility and low liquidity.
Standard accounts are accessible at all FBS locations and can be traded in any language. Furthermore, our Family Safety feature enables parents to set website restrictions and time limits for their children.
To create a Standard account, utilize the /v1/accounts API. Be sure to set the type to standard when making your request for creation of the account.
You can then utilize the Account Links API to generate a link for an account. When your user clicks on this link, they will be taken to a flow where they can verify their identity and fill in their account information.
Customers connected to your business through a Standard account can receive invoices and other documents from you, such as purchase orders, order confirmations, shipping notices, and service entry sheets.
Standard accounts are a modern solution that enables businesses to manage their accounting and tasks on the go, with regular updates and secure data storage. Plus, standard accounts come equipped with extensive reporting capabilities - making them suitable for all kinds of companies.
Micro account
If you are new to the Forex market and looking to practice your skills without risking real funds, make sure your broker offers demo accounts. Demo accounts allow for practice without risk of actual loss while practicing your trades.
FBS provides a range of accounts to suit different trading goals and preferences, such as the Micro account. This account is ideal for new traders or those trading micro lots. With spreads starting at 1 pip and leverage up to 1:30, traders have everything they need to start trading right away.
This type of account is ideal for novice traders who are new to Forex and CFD trading. With it, you can trade currencies from around the world with minimal risk and no commissions attached.
The minimum deposit is just $5 (one US dollar). There are numerous methods of replenishment, such as Neteller, Sticpay and bitwallet in addition to Skrill.
Withdrawals can also be made through these methods, though it may take 3-4 business days before the money appears in your account. Bank wire transfers take longer and may have a fee associated with them.
FBS also offers a Crypto account in addition to the traditional accounts for those looking to trade digital currencies. This Crypto account supports various instruments like BTC, LTC and ETH trading pairs.
FBS not only offers the standard Forex currency pairs such as major and minor, but it also provides trading in exotic ones like Chinese yuan, Turkish lira, Brazilian real, Mexican peso, and Russian ruble.
FBS also provides the Islamic Account, which permits clients to trade according to Sharia law. This type of account is ideal for those who want to incorporate their religious beliefs into decisions regarding Forex trades.
FBS website offers a wealth of educational resources to assist new traders in mastering the fundamentals of trading and becoming successful traders in Forex. This includes an accessible Forex guide, tips for beginners, and video tutorials. Furthermore, there's a webinar section where experienced investors share their expertise and strategies.
ECN account
FBS provides a range of live account types to meet different trading needs. These accounts include Standard, Cent, Micro and Zero Spread options.
The ECN account is a popular option for traders looking to gain an edge. This account gives them access to the best quotes and various liquidity providers, plus it guarantees fast market execution.
This account also gives clients the option to leverage their capital. Customers have the option of receiving leverage from 1:5 on the Cent and Micro account, 1:30 on Standard and Zero Spread accounts, as well as a maximum leverage of 1:30 for ECN accounts.
Trade on more than 130 tradable assets, including Forex, commodities, indices, stocks and crypto. Backed by an experienced team of professionals dedicated to providing customers with top-notch customer service standards, traders have plenty of options when it comes to trading on this platform.
In addition to a large selection of assets, an ECN account also provides traders with advanced features that can enhance their trading experience. These include a customizable dashboard, ability to set pending orders and trailing stops, as well as mobile trading capabilities.
However, the disadvantage to this account is that it requires a larger deposit than other options. Therefore, it may not be suitable for traders who want to hone their skills before risking real money.
For beginners, the standard account on MetaTrader4 platform offers a good starting option. It requires a minimum deposit of $500 and offers negative spreads. Furthermore, this account includes a commission fee of $6 per lot as well as overnight rollover fee if you hold onto a position overnight.
No matter the account type, FBS' support staff are available 24/7 to address all trading queries and needs. These professionals are located in twelve offices around the world - Egypt, Indonesia, Malaysia, Thailand and China - offering unparalleled global coverage.
FBS also offers a demo account for those new to online trading, giving you the chance to test out your strategies risk-free and learn more about FBS's advanced tools and platforms. This account comes with a 90-day trial period and requires at least $5000 as a deposit.
VIP account
Are you searching for a trustworthy broker that provides live trading with low spreads and minimum deposits? FBS is the right option. With over ten years of experience under their belt, they have earned an excellent reputation within the industry. Plus, FBS is fully regulated by CySEC and ASIC in South Africa - giving it extra assurances.
At FBS, traders can select from five account types: Standard, Cent, Micro, ECN and VIP. Each has its own advantages that make them ideal for different traders - even newcomers!
The VIP account is a special type of account that permits cryptocurrency trading. This option features floating spreads starting at 1 pip and an attractive commission rate of 0.05% per slide; however, there is a higher initial deposit requirement of $1,000.
You can use virtual funds on a demo account and hone your skills before investing any real cash. It is an ideal way to get acquainted with how brokers operate before trading with your own funds.
FBS also offers a dedicated crypto account, enabling South African traders to trade digital currencies. This makes the firm an especially appealing option for those looking to break into this rapidly expanding asset class.
FBS also provides a selection of promotional offers and competitions, such as the Ultimate Trading 14th Birthday where you could win an impressive Mercedes-Benz CLA-Class among other valuable prizes.
If you want to test out your trading skills without risking any real money, FBS offers a free demo account where you can trade with paper funds or even use your own funds for practice before deciding whether or not to move ahead with trading using real funds.
The broker also features a VIP support team that is accessible 24/7 to address any problems or queries you might have. They can be reached via email, live chat or telephone.