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FBS accounts: which entity holds your money
The account you open decides which legal entity and which regulator stand behind it. Here are FBS's accounts with that in mind.
Regulation: Financial Services Commission, Belize. How FBS is regulated
Facts last checked . Read the full FBS review.
Accounts
- Minimum deposit
- $5
- Account types
- Standard/live trading, Swap-Free, Demo
- Account currencies
- Entity/account dependent
- Islamic account
- Yes, Swap-Free
- Demo account
- Yes
- Professional account
- No conventional regulatory professional classification on global entity
- Minimum trade size
- 0.01 lots
- Time to open
- Typically a few minutes, subject to verification
What this means
A short account range, which usually means less to get wrong - the pricing you are shown is close to the pricing you get.
Base currencies: Entity/account dependent. Holding the account in the currency you fund it with avoids a conversion charge on every deposit and withdrawal - a cost that never shows up in a spread comparison.
The smallest position is 0.01 lots. For anyone starting carefully this matters more than the minimum deposit, because it sets the least you can put at risk on a single trade.
A demo account is available. Worth using for the platform rather than the results: fills are simulated, so it tells you how the software behaves but very little about execution.
Questions about FBS accounts
Which base currencies does FBS support?
FBS accounts can be held in Entity/account dependent. Holding the account in the currency you deposit avoids a conversion charge on every deposit and withdrawal.
What is the minimum deposit at FBS?
The minimum deposit at FBS is $5. It can differ by account type and by the entity you register with.
What account types does FBS offer?
FBS offers 3 account types: Standard/live trading, Swap-Free, Demo.
Accounts at brokers under the same regulator
- XM accounts also licensed by FSC (Belize)
- Exness accounts also licensed by FSC (Belize)
- XTB accounts also licensed by FSC (Belize)
- Scope Markets accounts also licensed by FSC (Belize)
- Xtrade accounts also licensed by FSC (Belize)