FBS Promotional Bonus Offers
For traders seeking bonus rewards, FBS offers a vast program of promotional offers including a 100% deposit bonus and a $123 welcome bonus. We saw numerous contests, promotions and bonuses at FBS, ranging from Cashback for losing orders, Traders Parties and ‘Get a Car from FBS’ amongst many others. Nevertheless, we suggest that traders read the terms and conditions of any promotional offer before opting to participate, ensuring that they fully understand the rules. Especially the potentially large volume of trading investment that may be required to fulfil some bonus terms.
Live Trading Account Types
Clients can choose from six types of live trading account at FBS. Significantly all the trading accounts use market order execution with straight through processing (STP) within the Non-Dealing Desk. Moreover, we saw that 95% of orders are executed within 0.4 seconds because of the high-speed execution guaranteed to clients by FBS. It’s worth noting that all live trading accounts except for the ECN account, support free funds insurance and swap-free trading.
FBS Cents Account
Specially designed for those clients just starting out in forex trading, the FBS Cents Account requires an initial deposit of $1. Notably, the account is commission free and provides leverage up to 1:1000. However, the order volumes are limited to between 0.01 and 1,000 cents lots and only up to 200 open/pending orders can be open at one time.
FBS Micro Account
With a $5 initial deposit, clients can open an FBS Micro Account, supporting financial trading in 35 currency pairs, CFDs, cryptocurrencies and metals. Notably, the Micro account offers fast STP market execution, leverage up to 1:3000 and is free of commission. However, the spreads from 3 pips are relatively wide and a maximum of 200 open positions and pending orders is permitted.
FBS Standard Account
To open an FBS Standard account requires an initial deposit of $100. We saw that the account is tailored to the needs of seasoned traders, supporting a broad range of financial instruments including 35 currency pairs, metals, cryptocurrencies and CFDs. The Standard account has floating spreads from 0.5 pips and gives access to leverage up to 1:3000. Notably, clients with the Standard account are not permitted to have more than 200 positions and pending orders open simultaneously.
FBS Zero Spread Account
For traders seeking STP market execution trading at incredibly high speeds (from 0.3 seconds), the FBS Zero Spread account provides the way. An initial deposit of $500 is required to set up an account with zero pip fixed spread and commission of $20 per lot. We saw that traders can select instruments from multiple asset classes including 34 currency pairs, CFDs, cryptocurrencies, gold and silver to trade with up to 1:3000 leverage. However, trading is limited to 200 open positions and pending orders at any one time.
FBS Unlimited Account
To set up an FBS Unlimited account with STP market execution, requires an initial deposit of $500. The account supports trading in 35 currency pairs, CFDs, cryptocurrencies and metals with zero commission. Clients get access to leverage up to 1:500 and floating spreads from 0.2 pip.
FBS ECN Account
With a minimum first deposit of $1,000, clients can open an ECN account in USD only, with access to 25 currency pairs. The FBS ECN account features ECN market execution and unlimited trading. Leverage up to 1:500 is available and floating spreads from 1 pip. Notably, commission of $6 is payable on completed trades and the accepted order volumes are from 0.1 up to 500 lots.
FBS Exclusive VIP Client Advantages
Customers who have made deposits totalling $10,000 to their trading accounts since registering with FBS, and have traded at least 50 lots, get VIP client status automatically. We saw that VIP clients enjoy several exclusive advantages, including dedicated account managers who speak their client’s native languages, also VIP gifts on special occasions and priority treatment of deposit and withdrawal requests.
FBS Swap Free Islamic Account
Clients following the Moslem faith can request a Swap free account from customer support at FBS. Notably, positions left open for more than two days are charged a fixed fee clearly indicated by FBS, which is not an interest on the trade, and depends on whether the trade is a buy or sell.
FBS Limitations on Leverage
We saw that FBS offers leverage to traders of up to 1:3000 which is probably the highest level of leverage offered by any broker in the industry. Notably, the leverage offered by FBS, depends on the account type and the amount of investment equity. We saw that leverage of 1:3000 is available on the sum of equity up to $€200. The leverage falls to 1:2000: on equity up to $€2,000 and to 1:1000 on equity up to $€5,000. With the sum of equity up to $30,000, traders can invest with leverage of 1:500 with the leverage falling to 1:200 on equity up to $€150,000. Traders can access leverage of 1:50 and 1:100 without any limitations on equity. Moreover, the maximum leverage for trading in Gold from any type of trading account is set at 1:400 and on other metals 1:100. However, it’s important to realise that whilst very high leverage gives traders the opportunity to execute orders for much bigger amounts of money than they have deposited in their trading accounts, the amount that may be lost through unsuccessful financial trading is also magnified.
