FBS Account Types

FBS Account Types intended to meet traders’ needs. Cent-, Micro-, Standard-, Zero Spread-, ECN-, and Crypto accounts with minimum deposit amounts ranging from $1 / R18,16 ZAR to $1000 / R18157,85 ZAR and spreads, fixed & floating, from 0 pip to 3 pips.

FBS account types to select from:

• Cent Account – balances reflect in cents, offering traders a low-risk trading environment
• Micro Account – assist traders in calculating their profits more accurately with a wide range of tools
• Standard Account – provides traders with a more traditional and conventional trading experience
• Zero Spread Account – spreads start from 0.0 pips
• ECN Account – a popular choice for advanced and professional traders
• Crypto Account – provides over 100 instruments with digital currencies

Overall Rating

• 4.8/5

Read Review

Min Deposit

USD $5

Regulators

FSC, ASIC, CySEC

Trading Platform

MT4, MT5, FBS App

Crypto

Yes

Over 27 000 000+ Traders

Total Pairs

550+

Islamic Account

Yes

Trading Fees

Low

Account Activation

Instant

OPEN AN ACCOUNT

FBS Account Types – 10 key points quick overview:

1. ☑️FBS Overview
2. ☑️FBS at a Glance
3. ☑️FBS Account Types
4. ☑️FBS Account Features
5. ☑️FBS Demo Account
6. ☑️FBS Islamic Account
7. ☑️FBS Crypto Currencies
8. ☑️FBS Pros and Cons
9. ☑️Our Findings
10. ☑️FBS Conclusion
11. ☑️Frequently Asked Questions

FBS Overview

FBS is a Belize-based ECN and STP broker that has been in operation since 2009. Regulated and authorized by the ASIC, CySEC, IFSC, and FSCA. FBS offers traders from around the world comprehensive online trading solutions.

FBS is a globally established forex and CFD broker which has grown in strength, size, and capital since its inception. FBS has offices and partners located across the globe, with more than 16 million active traders that have registered a live trading account with the broker.

FBS also asserts that there are thousands of new trading accounts opened daily by both traders as well as new partners. These traders are based in 190 countries around the world and traders are offered access to more than 75 financial instruments.

These can be traded through the popular and reputable MetaTrader 4 and MetaTrader 5 trading platforms in addition to FBS’ proprietary mobile trading platform. FBS also employs both an STP and ECN execution model which ensures that the broker does not take a position against the trade, or that it trades against the trader.

FBS at a Glance

FBS Account Types

FBS offers traders a choice between six dynamic account types, each designed to cater to the trading needs and objectives of varying traders.

1. Cent Account
2. Micro Account
3. Standard Account
4. Zero Spread Account
5. ECN Account
6. Crypto Account

FBS Account Features

1. Cent Account

When using this account, traders will notice that balances are presented in cents, offering traders a low-risk trading environment. This makes this account type perfect for beginner traders, however, advanced traders also use this account to test their strategies before going into a more competitive environment.

The features that traders can expect when using this account are as follows:

• Minimum deposit requirement of $1.
• Floating spreads start from 1 pip.
• Zero-commission trading.
• Leverage to a maximum of 1:1000.
• Maximum of 200 open positions as well as pending orders.
• Order volumes starting from 0.01 up to 1000 cent lots, with 0.01 step.
• Market execution from 0.3 seconds, straight-through processing (STP).
• The option to convert this account to an Islamic Account.

2. Micro Account

This account helps traders calculate their profits more accurately. Traders are provided with an array of trading tools such as a variety of calculators.

The features that traders can expect when using this account are as follows:

• Minimum deposit requirement of $5.
• Fixed spreads of 3 pips.
• Zero-commission trading.
• Leverage to a maximum of 1:3000.
• Maximum of 200 open positions as well as pending orders.
• Order volumes start from 0.01 up to 500 lots, with 0.01 steps.
• Market execution from 0.3 seconds, straight-through processing (STP).
• Access to a variety of bonuses.
• The option to convert this account to an Islamic Account.

3. Standard Account

The Standard Account caters to traders seeking a more traditional and conventional trading experience.

The features that traders can expect when using this account are as follows:

• Minimum deposit requirement of $100.
• Floating spreads start from 0.5 pips.
• Zero-commission trading.
• Leverage to a maximum of 1:3000.
• Maximum of 200 open positions as well as pending orders.
• Order volumes start from 0.01 up to 500 lots, with 0.01 steps.
• Market execution from 0.3 seconds, straight-through processing (STP).
• Access to a variety of bonuses.
• The option to convert this account to an Islamic Account.

4. Zero Spread Account

The most prominent feature of this account is that spreads start from 0.0 pips, as the name suggests. This allows traders to increase their profits and for them to make more precise revenue forecasts.

However, traders who use this account are charged with the commission in the absence of a spread. The account caters especially to traders who trade at higher speeds and volumes, providing traders with access to the full range of financial instruments.

The features that traders can expect when using this account are as follows:

• Minimum deposit requirement of $500.
• Fixed spreads of 0.0 pips.
• Commissions start from $20 per lot.
• Leverage to a maximum of 1:3000.
• Maximum of 200 open positions as well as pending orders.
• Order volumes start from 0.01 up to 500 lots, with 0.01 steps.
• Market execution from 0.3 seconds, straight-through processing (STP).
• Access to a variety of bonuses.
• The option to convert this account to an Islamic Account.

5. ECN Account

This account is the most popular choice for advanced and professional traders that want to add a competitive edge to their trading, allowing for traders to trade directly without the intervention of intermediaries.

The ECN account ensures that traders have access to the fastest market execution, the tightest spreads, best quotes, and a variety of liquidity providers that offer the best pricing possible.

The features that traders can expect when using this account are as follows:

• Minimum deposit requirement of $1,000.
• Floating spreads start from -1 pip.
• Commission starting from $6.
• Leverage to a maximum of 1:500.
• No limits on the number of either open positions or pending orders
• Order volumes that start from 0.01 up to 500 lots, with 0.01 steps.
• ECN execution and pricing.

6. Crypto account

Crypto account has over 100 instruments with digital currencies, has both real and demo versions and relatively low spreads.

• Currency: USDT (Tether)
• Leverage: 1:5
• Initial deposit: from $1
• Commission on opening positions: 0.05%
• Commission on closing positions: 0.05%
• Floating spread from 1 pip

Overall Rating

• 4.8/5

Read Review

Min Deposit

USD $5

Regulators

FSC, ASIC, CySEC

Trading Platform

MT4, MT5, FBS App

Crypto

Yes

Over 27 000 000+ Traders

Total Pairs

550+

Islamic Account

Yes

Trading Fees

Low

Account Activation

Instant

OPEN AN ACCOUNT

FBS Demo Account

FBS offers traders the option of registering a demo account which can be used by traders in any of the following ways:

• A practice account that can be used by new traders to build their trading skills and gain experience before they start in a live trading environment.
• Traders who are comparing brokers by viewing the broker’s offering in a risk-free environment.
• Traders who want to test out their trading plans and strategies before applying them in a live trading environment.

When registering for an FBS demo account, traders can demo any of the live trading accounts offered. The features that traders can expect will thus depend on the account that they test out along with access to all the trading platforms offered.

FBS Islamic Account

The purpose of an Islamic Account is that it caters specifically to Muslim traders who follow Sharia law. The law prevents its followers from paying any type of interest, such as overnight fees, which is seen as wasteful or exploitative.

Overnight fees are charged should traders hold positions open for longer after the trading day has concluded and this type of account allows exemption from such fees or interest, should they hold positions open for longer.

Traders can convert any of the live trading accounts that FBS offers except for the ECN Account. This account type cannot be converted; however, the other four live trading accounts ensure that Muslim traders still have an array of options suited to their individual trading needs and objectives.

There are no additional costs indicated when traders convert their live trading account, and neither are there any specific terms and conditions indicated. However, when registering a live trading account with FBS with the intention to convert it to an Islamic Account, traders must confirm this with the broker.

FBS Crypto Currencies

FBS provides an array of cryptocurrency pairs with lot sizes ranging from 1 to 100.

• ADAUSD – Cardano vs US Dollar – Lot size 1 – Minimal spread 3050
• ALGUSD – Algorand vs US Dollar – Lot size 1 – Minimal spread 480
• AVAUSD – Avalanche vs US Dollar – Lot size 1 – Minimal spread 275
• BCHUSD – Bitcoin Cash vs US Dollar – Lot size 1 – Minimal spread 3400
• BTCUSD – Bitcoin vs US Dollar – Lot size 1 – Minimal spread 25010

Cryptocurrency pairs:

FBS Pros and Cons

Our Findings

The FBS provides a range of account types that cater to various trading requirements and levels of expertise. Cent accounts for novices are among the most common alternatives, which require only $1 as a minimum deposit and are great for practicing with microlots. Standard accounts strike a balance between features and costs. Zero Spread accounts is ideal choice for scalpers; traders that keen on narrow spread than commission fees, at least with $100 as the minimum deposit. ECN accounts are designed to meet the needs of advanced traders who prefer better control over execution quality at lower commission fees. There is also FBS Crypto accounts available for cryptocurrency trading.

FBS Conclusion

FBS has 6 different account types intended to meet traders’ needs. Cent-, Micro-, Standard-, Zero Spread-, ECN-, and Crypto accounts with minimum deposit amounts ranging from $1 / R18,16 ZAR to $1000 / R18157,85 ZAR and spreads, fixed & floating, from 0 pip to 3 pips.

You might also like: FBS Demo Account – Step by Step

You might also like: FBS Fees and Spreads

You might also like: FBS Islamic Account Overview

You might also like: FBS Minimum Deposit

You might also like: FBS Sign up Bonus

Frequently Asked Questions

Can forex traders from South Africa open a trading account with FBS broker?

Yes, South African traders are allowed to open an FBS trading account.

Does FBS offer leverage?

Yes. FBS offers leverage up to a maximum of 1:3000. However, different accounts have access to different ratios of leverage.

What are the live trading accounts for FBS?

The live account types by FBS include: Standard Account, Cent Account, Micro Account, Zero Spread Account, ECN Account, and Crypto Account.

How many instruments can I trade with FBS?

• Forex
• Metals
• Indices
• Energies
• CFDs
• Stocks
• Crypto

Is FBS a recommended forex trading broker for experts and beginners?

Yes. FBS offers the perfect trading environment for both experts and beginners.