FGS broker Accounts

fgs Account Types & Opening Guide 2025: Complete Comparison and Registration Steps

fgs Account Types Explained

fgs offers a variety of account types tailored to meet the needs of different traders. Below is a detailed overview of each account type, including their features, requirements, and target user profiles.

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.0 pips
• Leverage Options: Up to 1:500
• Key Features:
• Access to a wide range of trading instruments
• User-friendly interface
• Target User Profile: Beginners and casual traders
• Trading Instruments Available: Forex pairs, commodities, indices

2. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Raw spreads with a commission of $3 per lot
• Leverage Options: Up to 1:200
• Key Features:
• Direct market access
• Faster execution speeds
• Target User Profile: Advanced traders and scalpers
• Trading Instruments Available: Forex pairs, cryptocurrencies, commodities

3. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Tight spreads starting from 0.0 pips with a commission of $2 per lot
• Leverage Options: Up to 1:100
• Key Features:
• Advanced trading tools and analytics
• Dedicated account manager
• Target User Profile: Professional traders and institutions
• Trading Instruments Available: Forex pairs, commodities, indices, stocks

4. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to Standard Account
• Leverage Options: Up to 1:500
• Key Features:
• Swap-free trading options
• Compliant with Sharia law
• Target User Profile: Muslim traders
• Trading Instruments Available: Forex pairs, commodities

5. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds)
• Spread/Commission Structure: Same as Standard Account
• Leverage Options: Same as Standard Account
• Key Features:
• Practice trading without risk
• Access to all trading instruments
• Target User Profile: Beginners and traders looking to test strategies
• Trading Instruments Available: Forex pairs, commodities, indices

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginner: Standard Account
• Intermediate: ECN Account
• Advanced: Pro Account
• Muslim Traders: Islamic Account
• Practice: Demo Account

Detailed fgs Account Features

Feature Comparison Across Different Account Types

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit

• User-friendly interface

• Wide range of instruments

• ECN Account:

• Direct market access

• Tight spreads

• Ideal for scalping

• Pro Account:

• Advanced trading tools

• Personalized support

• Low trading costs

• Islamic Account:

• Complies with Sharia law

• No swap fees

• Flexible trading options

• Demo Account:

• Risk-free trading environment

• Practice strategies

• Access to all features

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN

• Limited advanced features

• ECN Account:

• Higher minimum deposit

• Commission fees may add up

• Pro Account:

• High minimum deposit

• More complex for beginners

• Islamic Account:

• Limited availability for non-Muslim traders

• Similar features to Standard Account

• Demo Account:

• No real profits

• Limited duration

fgs Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Availability may vary by region; check local regulations.
• Prohibited Countries: Specific countries may be restricted; consult fgs guidelines.
• Identity Verification Documents Needed:
• Government-issued photo ID (passport, drivers license)
• Proof of income (bank statement, utility bill)
• Proof of Residence Requirements: Recent utility bill or bank statement showing your name and address.
• Additional Documentation for Professional Accounts: May require business registration documents or financial statements.

KYC/AML Compliance Procedures

• All applicants must undergo Know Your Customer (KYC) and Anti-Money Laundering (AML) checks, which include identity verification and source of funds.

Verification Time Frames

• Account verification typically takes 1-3 business days, depending on the completeness of the submitted documents.

Step-by-Step fgs Account Opening Guide

Detailed Registration Process

1. Visit Website and Click Registration: Navigate to the fgs website and find the account registration section.
2. Personal Information Entry: Fill in your personal details, including name, email, and phone number.
3. Choose Account Type: Select the account type that best suits your trading needs.
4. Set Trading Preferences: Specify your trading preferences, including leverage and trading instruments.
5. Document Upload: Upload the required identification and proof of residence documents.
6. Account Verification: Wait for the verification process to complete.
7. Fund Your Account: Deposit the minimum required amount to activate your account.
8. Start Trading: Once your account is funded and verified, you can begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, but mobile users may have a streamlined interface for quicker entry.

Common Registration Issues and Solutions

• Issue: Document upload fails.
• Solution: Ensure documents are clear and in the correct format (PDF, JPEG).
• Issue: Verification takes longer than expected.
• Solution: Contact customer support for updates.

Average Account Approval Time

• The average time for account approval is 1-3 business days, depending on document verification.

How to Upgrade/Downgrade Account Types

• Users can request to change their account type through the account management section on the fgs platform or by contacting customer support.

fgs Demo Account Guide

Demo Account Features and Benefits

• Features: Access to all trading instruments, practice trading strategies, and no financial risk.
• Benefits: Ideal for beginners to learn trading without the risk of losing real money.

How to Open a Demo Account

• Navigate to the demo account section on the fgs website and follow the registration steps similar to opening a live account.

Demo Account Limitations

• Limited duration (usually 30 days) and virtual funds only.

Virtual Balance Amount

• Typically, demo accounts come with a virtual balance of $10,000 or more.

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts involve real money and trading conditions.

Duration/Expiry of Demo Accounts

• Demo accounts usually expire after 30 days of inactivity.

fgs Islamic Account Details

Swap-Free/Islamic Account Availability

• fgs offers Islamic accounts that comply with Sharia law, providing a swap-free trading environment.

Eligibility Requirements

• Traders must declare their religious beliefs and provide necessary documentation to qualify.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees, making them suitable for Muslim traders.

How to Apply for Islamic Account

• Select the Islamic account option during the registration process and provide any required documentation.

Restrictions or Special Conditions

• Islamic accounts may have specific trading conditions, such as limited leverage or available instruments.

FAQs – fgs Account Types & Opening

1. What account types does fgs offer？

• fgs offers Standard, ECN, Pro, Islamic, and Demo accounts.

1. What is the minimum deposit for each account type？

• Standard: $100, ECN: $500, Pro: $1,000, Islamic: $100, Demo: N/A.

1. How long does fgs account verification take？

• Verification typically takes 1-3 business days.

1. Does fgs offer demo accounts？

• Yes, fgs provides demo accounts for practice trading.

1. Can I have multiple account types with fgs？

• Yes, traders can open multiple account types.

1. Does fgs offer Islamic/swap-free accounts？

• Yes, fgs offers Islamic accounts compliant with Sharia law.

1. What documents do I need to open a fgs account？

• A government-issued photo ID and proof of residence are required.

1. Can I change my account type after registration？

• Yes, you can request to change your account type through customer support.