Types of Trading Accounts at FBS
To be able to trade in the forex market, you must first have a trading account. Broker FBS offers five types of trading accounts that can be chosen according to your needs. What are they?
Currently, FBS broker offers 5 types of accounts for forex traders:
1. Cent Account
This account is designed for learning and is suitable for new traders who are entering the world of online forex trading for the first time.
The specifications of this account are:
- Minimum deposit $1
- Leverage up to 1:1000
- Smallest lot starting from 0.01
- Maximum Lot 1000 (with lot step 0.01)
- Floating spread starting from 1 pip
- No commission fees
- Fastest STP order execution starting from 0.3 seconds
- Price quotation accuracy of 5 digits, no requote
- Swap-free option available
- Local deposit and withdrawal options via Bank BCA, Bank Mandiri, BNI, BRI, and OCBC NISP available
2. Standard Account
This account is suitable for traders with more experience who require speed and precision in every trading activity.
The specifications of the standard account:
- Minimum deposit $100
- Leverage up to 1:3000
- Smallest lot starting from 0.01
- Maximum Lot 500 (with lot step 0.01)
- Floating spread starting from 0.5 pip
- No commission fees
- Fastest STP order execution starting from 0.3 seconds
- 5-digit quotation, no requote
- Swap-free option available
- Local deposit and withdrawal options via Bank BCA, Bank Mandiri, BNI, BRI, and OCBC NISP available
3. Zero Spread Account
This account is suitable for all types of traders and provides various trading opportunities, both in large and small volumes. Its advantage is that there are no spread costs to be paid each time opening a buy/sell. Instead, clients using this account are charged a commission fee.
Complete specifications:
- Minimum deposit $500
- Leverage up to 1:3000
- Smallest lot 0.01
- Maximum Lot 500 (with lot step 0.01)
- Fixed spread starting from 0 pip
- Commission fee starting from $20 per lot
- Fastest STP order fulfillment starting from 0.03 seconds
- Price quotation accuracy of 5 digits, no requote
- Swap-free option available
- Local deposit and withdrawal options via Bank BCA, Bank Mandiri, BNI, BRI, and OCBC NISP available
4. ECN Account
With this account, traders are expected to maximize all their trading techniques and systems, as it offers tight spreads and market execution based on the ECN system.
Specifications of the ECN account at FBS broker:
- Minimum deposit $1000
- Leverage up to 1:500
- Smallest lot starting from 0.1
- Maximum Lot 100 (with lot step 0.1)
- Floating spread starting from -1 pip
- Commission $6
- Local deposit and withdrawal options via Bank BCA, Bank Mandiri, BNI, BRI, and OCBC NISP available
5. Micro Account
FBS presents the micro account for traders who want to calculate their earnings in forex trading as accurately as possible.
Specifications of the Micro account at FBS broker:
- Minimum deposit $5
- Leverage up to 1:3000
- Smallest lot starting from 0.01 up to 500 lots
- Maximum Lot 200 (with lot step 0.01)
- Fixed spread starting from 3 pips
- No commission
- Market Execution starting from 0.3 sec, STP.
- Local deposit and withdrawal options via Bank BCA, Bank Mandiri, BNI, BRI, and OCBC NISP available