How to Close a FBS Account: A Comprehensive Guide
Have you been considering closing your FBS trading account? Whether it's due to a change in investment strategy or a personal decision, there are various reasons why you may need to close an FBS account. In this article, we'll provide you with a comprehensive guide on how to close your FBS trading account with ease.
Why Close an FBS Account?
Before we dive into the steps to close an FBS account, let's first understand why someone might want to close an FBS account in the first place.
- Change in Investment Strategy: Your personal investment strategy might have changed since the time you opened an FBS account; it no longer aligns with the investment options provided by FBS.
- Cost: You could be dissatisfied with the cost they would need to bear. The cost of maintaining the trading account with FBS is not according to the budget which can be one of the reasons you would want to close the account.
- Poor Performance: Your FBS account may not have performed as per your expectations, and you may have decided to move funds elsewhere.
- Personal Reasons: Besides the above reasons, you might have decided to take a break from online trading or you may be going through a difficult time, which may have led you to consider closing your account.
FBS Account Closure Process
Now that we've discussed potential reasons why someone might want to close their FBS account, let's discuss the actual process for closing an FBS account.
Contact Your FBS Account Manager
Before you make any final decisions to close your FBS account, it is essential to contact your FBS account manager to discuss the reasons behind deciding to close the account. Likewise, the account manager could provide you valuable suggestions and solutions for any concerns that could cause you to close the account. They can, also, help you understand your options more clearly and address any concerns you may have about your decision.
Withdraw Your Funds
Once you've discussed and received confirmation from your FBS account manager to proceed with closing your account, you'll need to withdraw your funds.
- Log in to your FBS account and review your account balance.
- If you have any open positions or pending orders, you will need to close them all.
- Next, click on the "Withdrawal" button or "Money Withdrawal" tab.
- Enter the amount you wish to withdraw and select a payment method for withdrawal
- Follow the withdrawal instructions and complete the process.
FBS accepts withdrawal requests via major payment systems such as Bank Wire Transfer, Visa and Mastercard, Neteller and Skrill, Web Money, and Perfect Money, among others.
Submit the Withdrawal Request
Once you've completed your withdrawal request, FBS will be notified that you want to withdraw your funds. The process to get your funds can vary based on the payment method you selected. For example, e-wallet transfer options (such as Neteller or Skrill) usually process faster than bank transfers. The withdrawal process, according to the withdrawal options chosen for the account, may take 2-7 business days.
Submit the Closure Request
The next step after submitting your withdrawal request is your account closure request submission. If you are unable to find where to submit your account closure request on the FBS platform, you can contact the support team for further assistance.
If you're closing your account because of issues with the platform, trading mechanisms, or other problems, FBS requires you to file a complaint with their Customer Service personnel. You can also provide details to remedy the situation or seek your solution.
Follow Up and Ensure Account Closure
The final step of the FBS account closure process is to make sure the account is closed. Ensure that you receive an email confirmation from FBS; acknowledging the successful account closure request submission. If for some reason, some funds are still remaining in your account, reconcile the balance with the previous withdrawal request, and submit it again.
Frequently Asked Questions (FAQs)
1. Can I reopen a closed FBS trading account?
Yes, you can always reopen your account by contacting your FBS account manager.
2. How long does it take to close an FBS account?
The closure process usually takes approximately five to ten business days from the time of the account closure request. The withdrawal process itself, however, takes 2-7 business days, depending on the payment method selected.
3. Do I need to pay any penalties for closing my FBS account?
No, FBS does not charge any penalties for closing an account.
4. Is there any customer support I can contact for help with closing my FBS account?
Yes, FBS customer support is always available to answer any queries or help with account closure.
5. Are there any negative consequences of closing a trading account with FBS?
There are no negative consequences of closing your account. You can always reopen a new account in the future if needed.
Conclusion
In conclusion, closing an FBS account can be done with ease when following the simple steps we've laid out in this guide. Remember to contact your FBS account manager, withdraw your funds, submit the closure request and follow up to ensure account closure. If you require assistance at any point, FBS customer support is always available to help.
Take the necessary steps to ensure your account closure request is accurate and that your associated funds are safe in the hands of FBS. Best of luck in your future endeavors!