FXB broker Accounts

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

Part 1: fxb Account Types Overview

fxb Account Types Explained

FXB offers a variety of account types tailored to meet the needs of different traders. Below is an overview of the available account types:

1. Standard Account

• Minimum Deposit Requirement: $250
• Spread/Commission Structure: Variable spreads starting from 1.0 pips; no commissions.
• Leverage Options: Up to 1:500.
• Key Features: Ideal for beginners; access to educational resources.
• Target User Profile: Beginners and casual traders.
• Trading Instruments Available: Forex, commodities, indices.

1. ECN Account

• Minimum Deposit Requirement: $2,500
• Spread/Commission Structure: Tight spreads starting from 0.1 pips; commission of $7 per lot.
• Leverage Options: Up to 1:200.
• Key Features: Direct market access; faster execution speeds.
• Target User Profile: Experienced traders and scalpers.
• Trading Instruments Available: Forex, commodities, cryptocurrencies.

1. Pro Account

• Minimum Deposit Requirement: $25,000
• Spread/Commission Structure: Variable spreads; lower commissions of $4 per lot.
• Leverage Options: Up to 1:100.
• Key Features: Advanced trading tools; dedicated account manager.
• Target User Profile: Professional traders and institutions.
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies.

1. Islamic Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Similar to Standard Account; no swap fees.
• Leverage Options: Up to 1:500.
• Key Features: Compliant with Sharia law; no interest on overnight positions.
• Target User Profile: Muslim traders.
• Trading Instruments Available: Forex, commodities.

1. Demo Account

• Minimum Deposit Requirement: Virtual balance of $10,000.
• Spread/Commission Structure: Same as Standard Account.
• Leverage Options: Up to 1:500.
• Key Features: Risk-free environment to practice trading.
• Target User Profile: Beginners and those testing strategies.
• Trading Instruments Available: Forex, commodities, indices.

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Standard Account
• Intermediate Traders: ECN Account
• Advanced Traders: Pro Account
• Muslim Traders: Islamic Account
• Practicing Traders: Demo Account

Part 2: fxb Account Features Comparison

Detailed fxb Account Features

When comparing the features of different FXB account types, consider the following:

• Minimum Deposit:

• Standard: $250

• ECN: $2,500

• Pro: $25,000

• Islamic: $500

• Demo: $0

• Maximum Leverage:

• Standard: Up to 1:500

• ECN: Up to 1:200

• Pro: Up to 1:100

• Islamic: Up to 1:500

• Demo: Up to 1:500

• Spreads (Typical/Minimum):

• Standard: From 1.0 pips

• ECN: From 0.1 pips

• Pro: Variable

• Islamic: Same as Standard

• Demo: Same as Standard

• Commission Fees:

• Standard: None

• ECN: $7 per lot

• Pro: $4 per lot

• Islamic: None

• Demo: None

• Lot Size:

• Standard: Micro (0.01)

• ECN: Mini (0.1)

• Pro: Standard (1.0)

• Islamic: Micro (0.01)

• Demo: Micro (0.01)

• Available Trading Platforms:

• Standard: MT4, MT5

• ECN: MT4, MT5

• Pro: MT4, MT5

• Islamic: MT4, MT5

• Demo: MT4, MT5

• Execution Type:

• Standard: Market

• ECN: ECN

• Pro: Market

• Islamic: Market

• Demo: Market

• Islamic Account Availability: Yes, for Islamic Account type only.

• Swap-Free Options: Available for Islamic Accounts.

• Demo Account Features:

• Virtual trading environment with a balance of $10,000.

• Access to all trading instruments available in live accounts.

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit.

• No commissions.

• Suitable for beginners.

• ECN Account:

• Tight spreads.

• Fast execution.

• Ideal for scalping.

• Pro Account:

• Advanced trading tools.

• Lower commissions.

• Dedicated support.

• Islamic Account:

• Compliant with Sharia law.

• No swap fees.

• Suitable for Muslim traders.

• Demo Account:

• Risk-free trading.

• Practice with virtual funds.

• Test strategies before live trading.

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN.

• Limited advanced features.

• ECN Account:

• Higher minimum deposit.

• Commission fees can add up.

• Pro Account:

• Very high minimum deposit.

• Not suitable for casual traders.

• Islamic Account:

• May have limited availability.

• Not all features of standard accounts.

• Demo Account:

• Limited to virtual funds.

• No real market experience.

Part 3: fxb Account Opening Requirements

fxb Account Registration Requirements

Eligibility Criteria:

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to traders globally, but specific countries may be restricted.
• Prohibited Countries: Clients from the USA, Japan, and other countries on the FATF list may be restricted.

Identity Verification Documents Needed:

• Proof of Identity: Government-issued ID (passport, drivers license).
• Proof of Residence: Utility bill, bank statement, or any official document with your name and address.

Additional Documentation for Professional Accounts:

• Financial statements or proof of trading experience may be required for Pro Accounts.

KYC/AML Compliance Procedures

• FXB follows strict Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. This includes verifying the identity of all clients and monitoring transactions for suspicious activity.

Verification Time Frames

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

Part 4: fxb Account Opening Process

Step-by-Step fxb Account Opening Guide

1. Visit Website and Click Registration:

• Navigate to the FXB website and click on the "Sign Up" button.

1. Personal Information Entry:

• Fill in your personal details, including name, email address, and phone number.

1. Choose Account Type:

• Select the account type that suits your trading needs (Standard, ECN, Pro, Islamic, or Demo).

1. Set Trading Preferences:

• Specify your trading preferences, including leverage and trading instruments.

1. Document Upload:

• Upload the required identity verification documents.

1. Account Verification:

• Wait for the FXB team to verify your documents.

1. Fund Your Account:

• Once verified, fund your account using one of the available payment methods.

1. Start Trading:

• After funding, you can start trading on your chosen platform.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, although the mobile interface may have a simplified layout.

Common Registration Issues and Solutions

• Issue: Document upload failure.

• Solution: Ensure documents are clear and in the correct format (JPEG, PDF).

• Issue: Email verification not received.

• Solution: Check spam/junk folders or request a new verification email.

Average Account Approval Time

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

How to Upgrade/Downgrade Account Types

• To change your account type, contact FXB customer support through your account dashboard and request the desired change.

Part 5: fxb Demo Account Information

fxb Demo Account Guide

Demo Account Features and Benefits

• The demo account allows traders to practice in a risk-free environment with a virtual balance of $10,000.
• Access to all trading instruments available in live accounts.

How to Open a Demo Account

• Visit the FXB website, click on the demo account option, and follow the registration steps similar to opening a live account.

Demo Account Limitations

• The demo account is limited to virtual funds and does not provide real market experience.

Virtual Balance Amount

• The demo account comes with a virtual balance of $10,000.

Demo vs Live Account Differences

• The demo account uses virtual funds, while the live account involves real money and actual market conditions.

Duration/Expiry of Demo Accounts

• Demo accounts typically remain active for 30 days but can be extended upon request.

Part 6: fxb Islamic Account (if available)

fxb Islamic Account Details

Swap-Free/Islamic Account Availability

• FXB offers Islamic accounts that are compliant with Sharia law, meaning they do not incur swap fees.

Eligibility Requirements

• Traders must declare their need for an Islamic account during the registration process.

Differences from Standard Accounts

• Islamic accounts do not have swap fees and may have different trading conditions.

How to Apply for Islamic Account

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

Restrictions or Special Conditions

• Islamic accounts may have specific trading conditions that differ from standard accounts, such as limited access to certain instruments.

FAQs – fxb Account Types & Opening

1. What account types does fxb offer？

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

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

• Standard: $250, ECN: $2,500, Pro: $25,000, Islamic: $500, Demo: $0.

1. How long does fxb account verification take？

• Account verification typically takes 1-3 business days.

1. Does fxb offer demo accounts？

• Yes, FXB offers demo accounts with a virtual balance of $10,000.

1. Can I have multiple account types with fxb？

• Yes, you can have multiple account types, subject to FXB's terms.

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

• Yes, FXB offers Islamic accounts that are compliant with Sharia law.

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

• A government-issued 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.