|Official website: www.fbs.com||Demo Account: Yes|
Forex brokers impose minimum deposits or initial deposit restrictions. It’s the amount of cash required to start trading on a given platform. We have come across trading platforms asking for high initial deposits of up to $1,000, which many beginner traders may struggle to set aside. Does FBS impose stricter restrictions? Or are they more lenient? Let’s find out the FBS minimum deposit.
Minimum Deposit for FBS
One of the top advantages of trading on FBS is the different account types availed to retail traders. The minimum deposit for FBS varies depending on the selected account type. Here are the individual requirements:
1) Standard Account
With features such as a floating spread, no commission, and the highest leverage, the FBS Standard account is a highly popular option. Its minimum deposit is $100.
2) Cent Account
The biggest difference with the standard account is that the trader’s balance is in terms of cents. So, a $10 account balance will be ¢1,000. FBS broker minimum deposit is only 1 USD.
3) Micro accounts
Unlike the cent and standard accounts, the spread is fixed. Traders still access full leverage at 1:3,000. At only $5, it may be more favourable than the standard account.
4) Zero Spread Account
There is no spread, but traders still pay for the cost of opening trades through commissions. The minimum lot size is $20. For Zero Spread accounts, the FBS Broker’s minimum deposit is $500.
Experienced traders prefer ECN accounts. While the initial deposit is $1,000, the order execution is faster. They only charge $6 per lot as commission. Leverage is restricted at 1:500.
What Payment Systems Are Supported?
FBS serves customers from all around the globe. And this is reflected in the variety of payment systems they support. Basically, there are four systems:
- Bank cards — Visa, CardPay, Mastercard, & Connectum
- Electronic payments — Skrill, Bitcoin, Neteller, Perfect Money, Sticpay
- Exchanges — OnlineNaira
FBS recommends using one card for deposits & withdrawals, and the bank card name should match the account name.
What Is the FBS Deposit Bonus?
The 100% deposit bonus is a great deal. Traders must activate the bonus on the deposit confirmation page. Bonus funds are displayed as “Credit” in MetaTrader and subject to minimum lot trading limits before they are eligible for withdrawal.
Find out more what is the minimum deposit with the eToro broker.
Don’t Have an FBS Account?
Start trading today on the global trading platform. FBS has a lot to offer, including MT4 & MT5 platforms, various financial instruments, and great support. Read the full FBS review.