fbs Account Types & Opening Guide 2025: Complete Comparison and Registration Steps
Part 1: fbs Account Types Overview
fbs Account Types Explained
FBS offers a variety of account types tailored to meet the needs of different traders, from beginners to experienced professionals. Below is a detailed overview of each account type:
1. Standard Account
- Minimum Deposit Requirement: $100
- Spread/Commission Structure: Floating spread from 0.5 pips, no commission
- Leverage Options: Up to 1:3000
- Key Features:
- Access to a wide range of trading instruments
- Suitable for both beginners and experienced traders
- Target User Profile: Beginner to intermediate traders
- Trading Instruments Available: Forex, metals, indices, energies
2. Cent Account
- Minimum Deposit Requirement: $10
- Spread/Commission Structure: Floating spread from 1 pip, no commission
- Leverage Options: Up to 1:1000
- Key Features:
- Allows trading in cents, reducing risk
- Ideal for beginners to practice trading
- Target User Profile: Beginners
- Trading Instruments Available: Forex
3. ECN Account
- Minimum Deposit Requirement: $500
- Spread/Commission Structure: Floating spread from 0.1 pips, commission applies
- Leverage Options: Up to 1:500
- Key Features:
- Direct market access
- Suitable for high-frequency traders
- Target User Profile: Advanced traders
- Trading Instruments Available: Forex, metals, indices, energies
4. Pro Account
- Minimum Deposit Requirement: $500
- Spread/Commission Structure: Floating spread from 0.2 pips, commission applies
- Leverage Options: Up to 1:3000
- Key Features:
- Designed for professional traders
- Offers advanced trading tools
- Target User Profile: Professional traders
- Trading Instruments Available: Forex, metals, indices, energies
5. Islamic Account
- Minimum Deposit Requirement: $100
- Spread/Commission Structure: Floating spread, no commission
- Leverage Options: Up to 1:3000
- Key Features:
- Swap-free trading in compliance with Islamic law
- Target User Profile: Muslim traders
- Trading Instruments Available: Forex, metals, indices, energies
6. Demo Account
- Minimum Deposit Requirement: Virtual balance (amount varies)
- Spread/Commission Structure: Same as real accounts
- Leverage Options: Same as real accounts
- Key Features:
- Allows traders to practice without financial risk
- Access to all trading instruments
- Target User Profile: Beginners and those testing strategies
- Trading Instruments Available: Forex, metals, indices, energies
Account Type Comparison Table
Recommended Account Types by Trader Level
- Beginners: Cent Account, Demo Account
- Intermediate Traders: Standard Account
- Advanced Traders: ECN Account, Pro Account
- Professional Traders: Pro Account
Part 2: fbs Account Features Comparison
Detailed fbs Account Features
This section compares the features across different account types offered by FBS.
Minimum Deposit:
Cent Account: $10
Standard Account: $100
ECN Account: $500
Pro Account: $500
Islamic Account: $100
Maximum Leverage:
Cent Account: Up to 1:1000
Standard Account: Up to 1:3000
ECN Account: Up to 1:500
Pro Account: Up to 1:3000
Islamic Account: Up to 1:3000
Spreads (Typical/Minimum):
Cent Account: From 1 pip
Standard Account: From 0.5 pips
ECN Account: From 0.1 pips
Pro Account: From 0.2 pips
Islamic Account: Floating
Commission Fees:
Cent Account: No
Standard Account: No
ECN Account: Yes
Pro Account: Yes
Islamic Account: No
Lot Size:
Cent Account: Micro lots (0.01)
Standard Account: Standard lots (1.0)
ECN Account: Standard lots (1.0)
Pro Account: Standard lots (1.0)
Islamic Account: Standard lots (1.0)
Available Trading Platforms:
All account types support MetaTrader 4 and MetaTrader 5.
Execution Type:
Standard and Cent Accounts: Market execution
ECN and Pro Accounts: ECN execution
Islamic Account Availability:
Available for Standard, Pro, and Islamic account types.
Swap-Free Options:
Available for Islamic accounts.
Demo Account Features:
Same trading conditions as real accounts, allowing for practice without risk.
Advantages of Each Account Type
-
Standard Account:
Low minimum deposit
No commission
Wide range of instruments
Cent Account:
Low-risk trading
Ideal for beginners
Allows practice in real market conditions
ECN Account:
Tight spreads
Direct market access
Suitable for scalping
Pro Account:
Advanced trading tools
High leverage
Professional trading environment
Islamic Account:
Compliance with Islamic law
No swap fees
Suitable for Muslim traders
Demo Account:
Risk-free trading
Access to all instruments
Ideal for strategy testing
Disadvantages of Each Account Type
-
Standard Account:
Higher spreads compared to ECN accounts
Limited to standard trading conditions
Cent Account:
Limited features compared to other accounts
Not suitable for high-volume trading
ECN Account:
Higher minimum deposit
Commission fees apply
Pro Account:
Higher minimum deposit
Commission fees apply
Islamic Account:
Limited availability for certain trading instruments
Demo Account:
Virtual balance may not reflect real market conditions
Limited duration for practice
Part 3: fbs Account Opening Requirements
fbs Account Registration Requirements
Eligibility Criteria:
- Age Requirements: Must be at least 18 years old.
- Geographic Restrictions: FBS is available in over 150 countries, but some regions may have restrictions.
- Prohibited Countries: Specific countries may be restricted based on local regulations.
Identity Verification Documents Needed:
- Government-issued ID (passport or national ID)
- Proof of residence (utility bill, bank statement, etc.)
Additional Documentation for Professional Accounts:
- Proof of income or trading experience may be required.
KYC/AML Compliance Procedures:
- All traders must complete Know Your Customer (KYC) and Anti-Money Laundering (AML) checks.
Verification Time Frames:
- Verification typically takes a few hours to a couple of days, depending on the completeness of the submitted documents.
Part 4: fbs Account Opening Process
Step-by-Step fbs Account Opening Guide
- Visit Website and Click Registration:
- Go to the FBS website and click on the “Open an account” button.
- Personal Information Entry:
- Enter your valid email and full name, ensuring accuracy for verification.
- Choose Account Type:
- Select the desired account type (Standard, Cent, ECN, etc.).
- Set Trading Preferences:
- Choose your preferred trading platform (MT4 or MT5), account currency, and leverage.
- Document Upload:
- Upload required identity verification documents.
- Account Verification:
- Wait for the verification process to complete.
- Fund Your Account:
- Deposit funds using one of the 200+ available methods.
- Start Trading:
- Access the trading platform and begin trading.
Desktop vs Mobile Registration Differences
- Registration can be completed on both desktop and mobile platforms, with similar steps.
Common Registration Issues and Solutions
- Issue: Delays in verification.
- Solution: Ensure all documents are clear and match the provided information.
- Issue: Difficulty in funding the account.
- Solution: Check for supported payment methods in your region.
Average Account Approval Time
- Typically, account approval takes a few hours to 48 hours.
How to Upgrade/Downgrade Account Types
- Traders can request to change their account type through the Trader Area, subject to verification and compliance with minimum deposit requirements.
fbs Demo Account Guide
Demo Account Features and Benefits
- Provides a risk-free environment to practice trading.
- Access to all trading instruments available in real accounts.
How to Open a Demo Account
- A demo account is automatically created upon registration, or it can be opened through the Trader Area.
Demo Account Limitations
- Virtual balance may not reflect real market conditions.
- Limited duration for practice may apply.
Virtual Balance Amount
- The virtual balance can be set by the user, typically starting from $1000.
Demo vs Live Account Differences
- Live accounts involve real money and risk, while demo accounts use virtual funds.
Duration/Expiry of Demo Accounts
- Demo accounts may expire after a certain period of inactivity, typically 30 days.
Part 6: fbs Islamic Account (if available)
fbs Islamic Account Details
Swap-Free/Islamic Account Availability
- FBS offers Islamic accounts that comply with Sharia law.
Eligibility Requirements
- Traders must declare their intention to open an Islamic account during registration.
Differences from Standard Accounts
- Islamic accounts do not incur swap fees for overnight positions.
How to Apply for Islamic Account
- Select the Islamic account option during the account opening process.
Restrictions or Special Conditions
- Islamic accounts may have specific trading conditions that differ from standard accounts.
FAQs – fbs Account Types & Opening
- What account types does fbs offer?
- FBS offers Standard, Cent, ECN, Pro, Islamic, and Demo accounts.
- What is the minimum deposit for each account type?
- Cent Account: $10, Standard Account: $100, ECN Account: $500, Pro Account: $500, Islamic Account: $100.
- How long does fbs account verification take?
- Verification typically takes a few hours to a couple of days.
- Does fbs offer demo accounts?
- Yes, FBS provides demo accounts for practice trading.
- Can I have multiple account types with fbs?
- Yes, traders can open multiple accounts of different types, subject to verification.
- Does fbs offer Islamic/swap-free accounts?
- Yes, FBS offers Islamic accounts that comply with Sharia law.
- What documents do I need to open a fbs account?
- A government-issued ID and proof of residence are required.
- Can I change my account type after registration?
- Yes, traders can request to change their account type through the Trader Area.
FBS accounts can be viewed for products that can be traded -- accounts with a minimum deposit of $1 by (2+) --.