FBS is an international CFD and forex broker that serves clients from over 190 countries through its CFD and forex trading operations.
Since its inception in 2009, FBS has proven itself an industry leader. But what about its minimum deposit?
In this guide, we’ll talk about FBS minimum deposit.
So, let’s start!
What is the FBS minimum deposit?
FBS requires a minimum deposit of $1 on their account. Afterwards, the minimum deposit varies according to the client’s location and account type.
A smaller deposit will not work properly with the broker account, such as FBS zero spread and FBS ECN, specifically designed for experienced traders.
| FBS minimum deposit | Broker features |
| Minimum deposit | $1 |
| Withdrawal fees | No |
| Deposit fees | No |
| Base currencies | USD, EUR |
FBS account types
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Trading Accounts Offered
FBS provides an opportunity to all traders, regardless of their level of experience or investment size.
FBS has a variety of account types for its traders. It has Cent and Standard accounts for live trading.
However, each account type available at FBS has different features and options.
FBS allows trading for a minimum deposit of $1 through its Cent account. The Standard one requires an initial deposit of $100 to continue trading.
FBS Cent account
FBS Cent account allows trading in cents and is a great option, particularly for beginners.
FBS offers this account around all over the world with a reasonable amount of minimum deposit.
It requires 1 USD for trading with Europe, whereas allowing trading at 10 EUR within Europe.
FBS Standard account
This FBS broker’s account is available for traders worldwide.
However, the minimum deposit for trading with the standard account is 100 USD.
FBS Micro account
It is a fantastic option for traders trading with Europe.
It allows trading with micro-lots, and a unique Islamic account is available on request.
These retail investor accounts provide excellent earnings with a minimum deposit of just $5 for continued trading.
FBS Zero spread account
The minimum deposit amount to open this account is $500.
In addition, it also offers a good Islamic account with minimum client funds on request.
FBS ECN account
The minimum deposit amount at the FBS ECN account is $1000.
However, the FBS ECN account charges commission and only allows Forex trading.
FBS offers ECN trading accounts for effective and fast ECN executions with the lowest spreads and best prices of your trades.
FBS Copy trading account
FBS copy trading account allows you to become a single investor and provider.
In addition, FBS offers its Copy trading account to traders outside Europe.
After verifying your account and if you have at least $1000, you can open any trading account and continue copy trading as an investor and copy trader.
Thus, the minimum deposit for the FBS copy trading account is $100.
Additional information
- A micro account is also the best option for beginners and requires a minimum deposit of $5.
- A standard account is an average trading account requiring a minimum deposit of $100.
- A zero-spread account is the best option for news trading, requiring a minimum deposit of $500.
- ECN account is great overall and requires a minimum deposit of $1000.
Comparing FBS minimum deposit with other major brokers
| FBS minimum deposit | FBS | XM | IC Markets |
| Minimum deposits | $1 | $5 | $0 |
| Credit& debit cards | Yes | Yes | Yes |
| Skrill
|
Yes | Yes | Yes |
| Bank wires | Yes | Yes | Yes |
| Paypal | No | No | Yes |
| Neteller | Yes | Yes | Yes |
| No. of deposit methods | 9 | 6 | 10 |
| Account currencies | EUR/ USD/ JPY | EUR/JPY/ USD/GBP/AUD/CHF/SGD/PLN/ZAR/HUF/RUB | EUR/USD/JPY/AUD/GBP/SGD/NZD/CHF/HKD/CAD |
FBS deposit methods
Over 100 payment methods are available for traders through FBS to deposit their funds into a live trading account.
However, the deposit method may vary according to your location and residence.
Following are the organized payment categories available at FBS:
- Electronic payment systems such as Neteller and Skrill
- Wire transfer
- Bank transfer (Visa and MasterCard)
However, the European regulator imposes various strict depositing money policies, so these methods might only apply to the FBS international.
In addition, the most well-known and specific payment systems available at FBS South Africa are:
- Credit cards
- Sticpay
- Skrill
- Bank account transfer
- Perfect Money
- Neteller
Each account type uses EUR USD as its base currency. Currently, FBS does not support using ZAR as a base currency.
It is possible to make deposit requests in ZAR, but you must convert them into USD or EUR before trading.
FBS trading platforms
Trading is available for multiple channels through FBS. FBS provides MetaTrader4 and the advanced version of MetaTrader5 to traders.
However, using the Google Play and Apple App stores, users can access the web trading platforms at FBS.
MetaTrader 4
A few of this preferred trading platform features are:
- Linux, macOS, Android, and iOS. You can access it directly through a web browser downloading no software.
- It is a versatile and easy-to-use platform.
- There are several technical indicators available on this platform that can help you make informed trades. The platform offers 1-click trading, streaming news, full data backup, and more.
MetaTrader 5
A more advanced version of MetaTrader 4 is MetaTrader 5. This platform supports the same devices as MT4 (mentioned above).
Its advantage over the MT4 is that it offers more technical indicators and more advanced features when compared to the MT5. We specifically designed it MT5 for experienced traders.
FBS Trader
As a social trading platform for copy trading, they relate FBS Trader to copy trading for investors and traders.
In addition, FBS Trader offers several types of trading professionals and strategies, which makes it an excellent tool for beginners learning and earning through trading.
FBS’ Financial Instruments
While FBS offers a limited variety of financial assets, it provides more cryptocurrencies than other similar brokers of the Forex market.
High leverage
Some of FBS’s account types offer 3000:1 leverage – one of the highest levels any broker provides.
Commission-free FBS accounts require a minimum deposit of 1 to 5 USD, which, combined with the high leverage, makes it difficult for a trader to hold an important position without losing money.
Forex
FBS offers only 37 currency pairs, which is fewer than the average in the industry.
Among them are majors (EUR/USD, GBP/USD, and USD/JPY), minors (NZD/CAD, EUR/JPY, and USD/ZAR), and exotics.
Share CFDs
FBS’s website offers 96 CFDs for 96 shares, less than most other large international brokers.
6.2% of retail accounts lose money when trading CFDs with this broker.
You can trade on some of the most popular exchanges in the United States, the United Kingdom, and Europe.
Indices
FBS offers 12 indices for trading, which is less than other similar brokers.
Among the most popular indices are those that combine shares of some of the most recognizable companies in the world.
Cryptocurrencies
The FBS Trader app is the only app that offers cryptocurrency trading, and FBS offers over 100 pairs to choose from.
Crypto trading is also available 24/7, unlike traditional markets.
The range of trading instruments available at FBS is generally limited, but the crypto account options are excellent.
FBS regulation and protection of customers’ deposits
Traders using FBS, a European broker, must comply with various extensive regulations.
FBS is a highly regulated and licensed broker registered in multiple jurisdictions.
Cyprus Securities and Exchange Commission and International Financial Services Commission of Belize (IFSC) authorize the FBS.
It also supervises retail CFD accounts, forex, and binary options online brokers.
Available Markets
FBS offers CFD trading on many financial markets.
There is still a limited selection of instruments available, and only around 40 currency pairs, including exotic ones, are offered, as well as six indices that can trade as CFDs and Metals and Energy.
FBS does not offer Stocks, Futures, or other instruments for trading.
FBS Customer Support
FBS offers 24/7 customer support via live chat, international phone lines, email, or social media.
The FBS customer service team provides relevant, quick answers to questions and concerns.
You will receive brokerage-related emails, and you can unsubscribe anytime from email.
Are there any deposit fees associated with minimum deposits?
There are no fees associated with FBS’s deposit services.
Most payment methods are free. Sticpay is the only method that charges 2,5% + $0.3 commission.
FBS minimum deposit pros and cons
Pros
- Its demo account is available for every account type
- It requires a minimum deposit of $1 to open an account.
- It offers a good range of account ranges with spreads starting from 1 pip.
- You can copy trading at broker’s trading platforms.
- FBS allows trading with real client deposit funds.
Cons
- Its demo account is available only for 90 days.
- It requires a minimum deposit higher than $1 for some trading accounts.
- It does not provide sufficient services for European traders
- Its copy trading feature is not available for the EU forex traders
- FBS cent platform supports fewer base currencies.
FAQs
1. How much does FBS charge for trading?
Trading with FBS requires a minimum deposit requirement of $1/ZAR16 at the current exchange rate.
2. How do I deposit with FBS?
FBS deposit methods are available: Credit/Debit Card, Neteller, Sticpay, Skrill, Perfect Money, Local exchangers, and so forth
3. Does FBS charge withdrawal fees?
Yes, withdrawal fees vary according to your payment method:
- The commission for credit/debit cards is $1.
- The fee for the Neteller payment method is 2%, with a minimum of $1 and a maximum of $30.
- The commission rate for Sticpay is 2.5% plus $0.3.
- The Skrill fee is $1 plus a $0.32 commission.
- The commission rate for Perfect Money is 0.50%.
4. How long does FBS Markets take to withdraw deposit funds?
Debit or credit card withdrawals from FBS can take three to four business days to post to your account.
Bank wire transfers take 7-10 business days to complete.
5. Does FBS offer ZAR base currency Account?
FBS traders can choose ZAR as their base currency when they sign up.
The minimum deposit for Cent accounts is 16 ZAR ($1).
6. What is the minimum deposit on FBS for beginner traders?
A minimum deposit of $1 (16 ZAR) is necessary with the Cent account at FBS.
It is free to deposit using various payment methods, including card, internet banking, and e-wallets at FBS.
Bottom line
Another popular and regulated broker in South Africa is FBS.
As a regulated company by the International Financial Services Commission, FBS Markets Inc is highly reliable and trustworthy.
A great diversity of trading assets portfolio, low trading costs, and top-notch service are some things that make this broker famous.
To open an account with FBS Cent, clients need to deposit 15 South African rands, equivalent to 1 US dollar.
Mainly, FBS is well-known for its transparency and customer support. Now that you know about the amount of the FBS minimum deposit.
In addition, you can start trading on retail CFD accounts and forex by utilizing a small amount of USD with an FBS cent account.
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