FBS Account Types is one of the most appealing aspects of the FBS retail account, as it has a low entrance barrier. The first deposit requirement is set at a low level, starting from 90 ZAR / $5.
FBS Account Types - key points, quick overview:
- ☑️Overview
- ☑️FBS Account Types and Features
- ☑️How to Open an FBS Account step by step
- ☑️FBS At a Glance
- ☑️Pros and Cons
- ☑️Conclusion
- ☑️Frequently Asked Questions
🏆10 Best Forex Brokers in South Africa
| Rank | Broker | Broker Review | Regulators | Minimum Deposit | Visit Broker |
|---|---|---|---|---|---|
| 🥇 |  | Read Review | ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA | $100 | Visit Now |
| 🥈 |  | Read Review | FSCA, FCA, DFSA, FSA, CMA | $0 | Visit Now |
| 🥉 |  | Read Review | CySEC, IFSC, DFSA, FCA | $5 | Visit Now |
| 4 |  | Read Review | ASIC, CySEC, FSA, SCB | $200 | Visit Now |
| 5 |  | Read Review | FSA, FSCA | $250 | Visit Now |
| 6 |  | Read Review | FSA, FSC, FSCA, ASIC, CMA | $20 | Visit Now |
| 7 |  | Read Review | FSC, FSCA | $50 | Visit Now |
| 8 |  | Read Review | ASIC, CySEC, FSCA, FSA, FSC, CMA | $100 | Visit Now |
| 9 |  | Read Review | CySEC, MWALI, FSCA | $25 | Visit Now |
| 10 |  | Read Review | FSA, CySEC, FSCA, FSC | $10 | Visit Now |
Overview
- FBS is a popular online forex and CFD broker that is particularly enticing to South African traders due to its robust regulatory environment, which includes oversight by the Cyprus Securities and Exchange Commission (CySEC).
- FBS, founded in 2009, has targeted its offerings to beginner and seasoned traders.
- Its user-friendly interface streamlines navigation through numerous trading instruments, such as forex pairs, commodities, equities, and cryptocurrencies.
- FBS caters to various trading demands by offering a single trading account with flexible trading conditions, benefiting different trading styles and degrees of skill.
FBS Account Types and Features
| 🔎 Live Account | 💴 Minimum Dep. | 📝Sign up | 📈 Average Spread | 💷 Average Trading Cost |
| 🥇 Retail Account | 90 ZAR/$5 | 👉 Open Account | 0.7 pips | 7 USD |
Account
- FBS provides a bespoke trading account for South African traders to accommodate various trading tastes and experience levels.
- This account is famous for its simplicity and adaptability, making it an excellent alternative for beginner and experienced traders.
- One of the most appealing aspects of the FBS retail account is its low entrance barrier. The first deposit requirement is set at a low level, starting from 90 ZAR / $5.
- This low deposit threshold appeals to inexperienced traders or those wanting to begin trading with a smaller capital input, decreasing financial risk.
| 💵Minimum Deposit | 90 ZAR ($5) |
| 📈 Average spread | Floating, from 0.7 pips |
| 💷 Commission | None; only the spread is charged |
| 📉 Leverage | Up to 1:3000 |
| 📊 Maximum opening positions | 500 |
| 💹 Order volume | Between 0.01 to 500 lots |
| 📌 Market Execution | From 0.1 seconds, STP |
| 📍 Trading Platform | FBS App MetaTrader 4 MetaTrader 5 |
| ↪️ Tradable Instruments | Forex Metals Indices Energies Stock CFDs Crypto CFDs |
| ☪️ Swap-Free Islamic Option | Yes |
| 📝Sign up | 👉Open Account |
Demo Account
- FBS offers a diverse demo account that caters to different trading tastes. This account is very useful for both new and experienced traders in South Africa, allowing them to experiment with different trading environments and features.
- The demo account provides a risk-free platform for South African traders to improve their trading techniques and familiarize themselves with the platform's many tools and indicators. This boosts their ability to make informed trading decisions in live market conditions.
- Continuous access to the demo account guarantees that traders may continue to hone their trading skills and study the platform's potential without risking their money.
Islamic Account
- An Islamic, or swap-free, trading account is one that is allowed by Islamic Sharia law. These accounts are based on the Islamic principle where interest is not applied to positions that are held open for longer than a trading day after the trading day has concluded.
- Islamic Accounts are provided by brokers who serve Middle Eastern clients, along with clients from other jurisdictions, and offer certain features that are in line with Sharia law, which prohibits the accrual of interest on funds deposited into the account.
- The other important feature of an Islamic Account is that transactions must be settled immediately, requiring that currencies be transferred from one account to the other right after the transaction has been completed and therefore paid for in full.
There are two key elements of Islamic law that relate specifically to trading accounts, these elements are:
- Riba
- Gharar
Riba is the prohibition of generating money from money, which in this case specifically refers to an interest, which is not allowed according to Sharia law. This type of interest is seen as both unjust and exploitative gains pertaining to trade or business.
| 🚫 Prohibited Activity | 📋 Description | 📖 Sharia Law Reason |
| 🌙 Overnight Rollovers | Involves earning or paying swap interest for positions held open overnight. | Interest (Riba) is prohibited. |
| 💰 Margin Deposits & Interest | Interest earned on funds deposited into trading accounts. | Riba (unjust interest) is forbidden. |
| 🏦 Loans | Borrowing funds from banks or financial institutions that involve interest. | Involves Riba, which is not allowed. |
| 📉 Trading on Margin | Borrowing money from brokers to trade stocks or other assets on margin. | Results in interest payments (Riba). |
| 🔁 Short Sales | Borrowing assets (like shares) to sell with the intention of buying them back later at a lower price. | Considered speculative and involves Riba. |
| 📆 Forward & Futures Contracts | Trading contracts based on the future price of assets agreed upon today. | Contains elements of speculation (Gharar) and interest. |
How to Open an FBS Account step by step
[video width="1920" height="1080" mp4="/storage/images/2024/07/How-to-open-FBS.mp4"][/video] To open an account with FBS, South Africans can follow these steps:
Step 1 - Select the Open Account Option
- On the FBS website, navigate to Financials and select "Open Account."
Step 2 - Complete Information
- Provide an email address, a full name, and select ‘register as a trader.
- Alternatively, to provide contact information, traders can select the option to register using Facebook, Google, or an Apple ID
Step 3 - Select Password
- Select your own password or temporary password and then click on Create password.
Step 4 - Email confirmation
- Click on the link that was sent to your email. And then you will be on your dashboard.
To close a live trading account with FBS, South African traders can follow these steps:?
- Before terminating your account, ensure that any remaining balance has been withdrawn. To withdraw funds, navigate to your account's 'Withdrawal' section and follow the instructions.
- Close all open positions.
- The customer support department at FBS generally attends to requests to close an account. They are reachable by telephone, live messaging, and email. The contact information is available on the FBS website.
- Communicate your intention to terminate your account to the customer service agent. You might be requested to explain a component of their feedback procedure.
- You might be required to provide identification for security purposes. This is a customary process implemented to verify the legitimacy of the request.
- After processing your request, FBS will confirm that your account has been closed. Ensure that a confirmation is sent to you via email or their customer service department.
- Once your account has been terminated, you can uninstall any FBS trading platforms that have been installed.
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FBS At a Glance
| 🔎Broker |  |
| Company Information | |
| 📅Year Founded | 2009 |
| 🧑🏻💻Amount of staff | 150+ |
| 👩💻Amount of active traders | 16 million+ |
| 🌐Publicly Traded (Listed Company) | No |
| Regulation and Security | |
| 🛡️Regulation | FSC, ASIC, CySEC |
| 🌎Country of regulation | Belize, Cyprus |
| 💻Account Segregation | Yes |
| 🪫Negative balance protection | Yes |
| 🔋Investor Protection Schemes | ICF (for EU clients) |
| Account Types and Features | |
| ➕Accounts | cTrader, Raw Spread, standard |
| 💳Institutional Accounts | No |
| 👨💼Managed Accounts | Yes (PAMM) |
| 📇Minor account currencies | USD, EUR, GBP, THB |
| 💰Minimum Deposit | $5 USD |
| Trading Conditions | |
| 🕞Average deposit/withdrawal processing time | 15 minutes to 24 hours |
| 🪙Fund Withdrawal Fee | Varies based on payment method |
| 📊Spreads from | From 0.0 pips |
| 💸Commissions | From $6 per lot (ECN Account) |
| 💱Number of base currencies supported | 6 |
| 🚀Swap Fees | Applicable (except Islamic accounts) |
| 📈Leverage | Up to 1:3000 |
| 📏Margin requirements | Varies based on asset |
| ☪️Islamic account (swap-free) | Yes |
| 💻Demo Account | Yes |
| ⌛Order Execution Time | 0.2 seconds |
| 📆VPS Hosting | Yes |
| Trading Instruments | |
| 🧾CFDs-Total Offered | 200+ |
| 🗠CFD Stock Indices | 5 |
| ⚖️CFD Commodities | 6 |
| 📜CFD Shares | 100+ |
| Deposits and Withdrawals | |
| 💳Deposit Options | Credit/Debit cards, Bank transfers, e-wallets |
| 💵Withdrawal Options | Credit/Debit cards, Bank transfers, e-wallets |
| Trading Platforms and Tools | |
| 💻Trading Platforms | MT4, MT5, FBS Trader App |
| 👩💻OS Compatibility | Windows, macOS, Android, iOS |
| 🖥️Forex trading tools | Economic calendar, market analysis, VPS, calculators |
| Customer Support | |
| 🗣️Live chat availability | Yes |
| 📱Customer Support email address | support@fbs.com |
| 📞Customer Support Contact Number | +357 25 313540 |
| 👾Social media Platforms | Facebook, Instagram, x, YouTube |
| 🗣️Languages supported on Website | 18+ Languages |
| Educational Resources and Support | |
| 🖺Forex course | Yes |
| 🧏♀️Webinars | Yes |
| 📚Educational Resources | Articles, videos, tutorials, webinars |
| Partnerships and Programs | |
| 🪪Affiliate program? | Yes |
| 👨🏫Amount of partners | 18,000+ |
| 📋IB Program | Yes |
| 🏃♂️➡️Do they sponsor any notable events or teams? | Yes, the Qatar Economic Forum 2026 |
| 🪙Rebate program | Yes |
| 📝Sign up | 👉 Open Account |
Pros and Cons
| ✅ Pros | ❌ Cons |
| 24/7 dedicated customer support | High commissions on the Zero Spread Account |
| Award-winning broker | High spreads on some accounts |
| Bonuses offered across account types | Limited financial instruments – less than 100 |
| Both floating and fixed spreads offered | Limited trading platforms |
| Competitive trading conditions offered | Limited trading tools |
| Demo account and Islamic Account option offered | US, UK, Japan, Israel, and several other jurisdictions not accepted |
Conclusion
FBS has one account type intended to meet traders’ needs. Cent Account with minimum deposit amounts ranging from 90 ZAR / $5 and spreads, fixed & floating, from 0 pip to 3 pips.
You might also like:
FBS Demo Account – Step-by-StepFBS Fees and SpreadsFBS Islamic AccountFBS Minimum DepositFBS Sign-up Bonus
Frequently Asked Questions
Can forex traders from South Africa open a trading account with the FBS broker?
Yes. South African traders can easily open an account with FBS, gaining access to competitive spreads, flexible trading conditions, and a wide range of instruments, making it a suitable broker choice for both new and experienced traders.
Does FBS offer leverage?
Yes. FBS provides high leverage of up to 1:3000, depending on the account type. This allows traders to maximize their market exposure with smaller capital, though traders should use leverage responsibly due to its increased trading risks.
What are the live trading accounts for FBS?
FBS offers several live trading accounts, including the Cent Account, designed for beginners and low-risk trading. Each account type provides unique features, spreads, and leverage options, allowing traders to choose the best fit for their strategies.
How many instruments can I trade with FBS?
FBS provides access to a broad selection of instruments, including forex, indices, metals, energies, stocks, CFDs, and cryptocurrencies. This wide range enables traders to diversify portfolios and explore multiple markets using one single trading platform.
Is FBS a recommended forex trading broker for experts and beginners?
Yes. FBS is well-suited for both beginners and professional traders. With user-friendly platforms, flexible account options, educational resources, and advanced tools, it creates a trading environment that supports growth, learning, and profitability at all skill levels.
What account types does FBS offer?
FBS offers several trading account types designed for different experience levels. These typically include Standard accounts, Cent accounts, and professional-style accounts with tighter spreads. Each account type provides different trading conditions, minimum deposits, and leverage options.
What is the FBS Cent account?
The FBS Cent account is designed for beginner traders who want to trade with smaller amounts of money. Trades are executed in cents rather than dollars, allowing traders to test strategies and learn trading with lower financial risk.
What is the FBS Standard account?
The FBS Standard account is suitable for most retail traders and offers competitive spreads, flexible leverage, and access to popular trading platforms such as MetaTrader 4 and MetaTrader 5. It provides balanced trading conditions for both beginners and experienced traders.
What is the minimum deposit for FBS accounts?
The minimum deposit required for an FBS account depends on the account type selected. Some accounts allow traders to start with very small deposits, while professional accounts may require higher initial funding to access tighter spreads and advanced trading conditions.
Which FBS account type is best for beginners?
Beginner traders often choose the FBS Cent or Standard account because these accounts require lower deposits and offer simple trading conditions. They allow new traders to learn forex trading, test strategies, and gain experience before moving to more advanced accounts.
Can traders switch between FBS account types?
Yes, traders can open multiple account types within the same FBS trading profile. This allows traders to test different trading conditions, strategies, and leverage settings while managing all accounts from a single client area.
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