What Account Types and Fees Does FBS Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and casual traders |
Access to a wide range of trading instruments |
Suitable for traders with small capital |
| Professional Account |
Experienced traders |
Higher leverage and lower spreads |
Requires trading volume qualifications |
| Corporate Account |
Corporate clients |
Customized services and support |
Requires corporate documentation |
| Islamic Account |
Traders seeking compliance with Sharia law |
Swap-free trading conditions |
Available upon request |
| Demo Account |
All traders |
Practice trading without real funds |
Ideal for beginners to test strategies |
Account Opening Process
To open an account with FBS, traders must complete several steps. Initially, they will need to provide personal information, including their full name, email address, and phone number. Following this, employment and financial information must be submitted to help assess the trading profile. Identity verification is required, which involves submitting an ID and proof of address. Once the account is verified, traders can begin trading. Additionally, there is flexibility to upgrade to a professional account later if trading requirements change.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$0 (ECN: $3.5/lot) |
Tight spreads for major pairs |
| CFDs (Stocks) |
Varies |
$0 |
No commission on stock trades |
| CFDs (Indices) |
Varies |
$0 |
No commission on index trades |
| CFDs (Commodities) |
Varies |
$0 |
No commission on commodity trades |
| Cryptocurrencies (BTC/USD) |
1.0% |
0.1% |
Variable depending on volatility |
Other Fees
Traders should be aware of various additional fees associated with trading at FBS. These may include deposit and withdrawal fees, which can vary based on the payment method selected. Inactivity fees may apply if an account remains dormant for an extended period. There might be platform usage fees depending on the specific services utilized. Overnight interest, known as swap rates, may be charged on positions held overnight, and currency conversion fees could apply when trading different currency pairs.
