Maximum Balance in Standard FBS Account

FBS broker
V
Via
04 Aug 2020, 14:57 747 Views
How much should the maximum balance be in a standard FBS account?
We trade and make a profit of up to thousands of dollars, is it safe to continue in the standard account or should we open a new account with higher criteria?

4 Answer

R
rizki rosadi 05 Aug 2020, 08:20

@ViaP: Open a new account with higher criteria. Pay close attention to the types of accounts offered at FBS. Usually, the larger the minimum deposit in an account type, the greater the advantages of that account type because not all traders can use that account type. For example, at FBS there is an ECN account with a minimum deposit of $1,000. I am sure there are advantages to this account type compared to accounts below it such as standard, zero spread or micro accounts.

In some hybrid brokers that I know, accounts with low minimum deposits are usually dealing desk (market maker) types while account types with large minimum deposits are passed on to liquidity providers. This is done because most beginner traders rely on luck and do not have a real edge so they do not reach large capital or if they do enter large capital, the account does not last more than 6 months. This type of trader is the one that brokers exploit to trade against (being a market maker) because in percentage they will mostly lose.

Conversely, pro traders build accounts slowly so that the longer they trade, the larger their capital becomes. Hybrid brokers certainly won't trade against this type of trader. However, this type of trader is very small, less than 10%.

Thank you

Y
Yohanes 12 Aug 2020, 14:42
How do I create an account? Do I have to use a new email address?
Y
Yohanes 15 Sep 2020, 14:42
How do I create an account? Do I have to use a new email address?
R
rizki rosadi 18 Sep 2020, 06:18

@Yohanes: Please be aware that one account at broker FBS can create more than 1 type of trading account. So you don't need to use a new email.

How to open a new trading account is quite easy, namely by logging into the FBS member area and submitting an account opening application with the type you want. You will be asked to fill out an account creation form, and please fill it in according to the desired criteria. Hopefully this helps.

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