FBS Demo Account
In this article
As a beginner, trading on the FBS broker platform might be an intricate task for you. But don’t panic because the FBS demo account is available to help on every single step.
FBS demo account is an excellent approach for the traders who have just started investing on this platform. Beginners prefer to open the FBS demo account to enhance their trading skills and learn essential strategies to avoid high losses.
Below we have a quick discussion about how you can open an FBS demo account and how a demo account is helpful for you to start a successful trading journey.
What are the important features of the FBS demo account?
As you explore the demo account, you will merely find restricted activities entirely different from an FBS live trading account. A bunch of features that are available on a demo account are:
- FBS provides you with a platform that is a replica of a virtual trading account. A demo account has an interface and few features which are similar to a live trading account. You can easily monitor your trading, know about the forex market, perform transactions, or can also monitor your entire progress.
- Plus, the account will allow you to start trading by investing a mandatory minimum balance.
- A demo account will enable you to place maximum orders with multiple instruments.
- A trader can access numerous investment options.
- Know about different types of trading accounts available at FBS apart from the demo account.
Step by step tutorial on how to open an FBS demo account
To open an FBS demo account, carefully follow the below-mentioned tutorial steps:
Step no 1: Visit the FBS webpage to open your demo account
Open the FBS official site on which you will meet the option of opening a demo account on its homepage. For example, if a trader is from Europe, they must visit the CySEC regulated FBS site. Click the option “open demo account” to start your journey.
Step no 2: Submit documentation for opening an FBS demo account
For opening an FBS demo account, the broker will not be demanding any documentation submission. You should have a valid email address on which the activation of your demo account will occur.
Once you understand the working process of a demo account, you can remove your account and open a live trading account. Submit address or proof of ID.
Step no 3: Fill out the registration form.
After clicking the option “open demo account,” you have to fill out the registration form with all required details. The process of filling out the registration form is quick and straightforward in which you have to mention your email address.
FBS offers two types of demo accounts: the Standard demo account or the FBS Micro demo account. Once you have selected the one, click the option “open an account.”
Step no 4: Confirmation of account opening via telephone/email
After entering all the required details, now it’s time to confirm your account opening via email or phone. You will receive an email notification straight to the mentioned email address. Click on the sent email link, and you will be directed to your new FBS demo account.
Step no 5: Login into the account
Enter your login ID and password and step into the FBS demo account right now.
How does an FBS Demo account help you in trading?
Through an FBS demo account, it gets easier for you to keep a check on your trading activities without any inconvenience. No doubt, a demo account is a life saviour for you to survive in a trading market for a long time.
A demo account teaches you about how to start trading in a Forex market as a beginner. It helps you to stop panicking about the incurring losses coming your way.
The best thing about the demo account is the availability of trading strategies that are not less than a treasure for a newbie. In addition, tools and various trading indicators are also available to teach you some basics of the Forex market.
Note: Features of demo and live trading accounts are different from one another. Just the interface is the same.
Is it free to open an FBS demo account?
A primary question that constantly hits new traders ‘ minds is how much an FBS broker charges for opening a demo account. To clear your mind, FBS does not charge any fees or commission for opening a demo account.
You can enjoy the entire virtual trading experience free of cost. But if you are moving to a live account, you should be ready to pay a certain amount of mandatory fee.
On a live trading account, charges or fees are based on swap, spreads, or fund transfer charges.
What is the expiry time of the FBS demo account?
As we talk about the account expiration, it will gradually depend on the country you are based in.
If you are in Europe and operating under the CySEC regulations, you can access your demo account for at least 90 days. It will expire after 90 days. To continue using the demo account, you need to create a new account all over again.
On the other hand, if you are an international trader and operating under FBS, you can access your demo account for 45 days. However, it will expire after 45 days. So, to continue using a demo account, you have to create a new one.
Can you restore an expired demo account?
FBS demo accounts will never expire due to a user’s inactivity. However, once the account has expired, you cannot restore it. The only way to restore an expired account is by creating a new demo account.
We have explained to you the entire process of opening an FBS demo account and how it can help you in your initial stages of trading. So stay calm, and don’t panic! No one asks you to join a battle in the trading market.
Create an account and learn all those basic tips, trading strategies, and inside secrets with which trading becomes a smooth experience for you. Go for it now!
Jason Morgan is an experienced forex analyst and writer with a deep understanding of the financial markets. With over 13+ years of industry experience, he has honed his skills in analyzing and forecasting currency movements, providing valuable insights to traders and investors.
Forex Content Writer | Market Analyst