FBS Account Opening

Learn the simple steps to open an FBS account with a $5 deposit. Find out about required documents, supported regions, account types, and how to close your account

FBS Account Opening Requirements

Opening an account with FBS is a simple and straightforward process with minimal requirements. To begin, traders must provide personal information, including their full name, email, and phone number. Account verification is mandatory and involves submitting identification documents such as a valid passport or national ID and proof of residence, like a utility bill or bank statement. The minimum deposit to activate the live trading account is just $5, making FBS accessible to traders of all levels. Additionally, FBS complies with KYC (Know Your Customer) and AML (Anti-Money Laundering) regulations to ensure secure and transparent account management.

FBS Supported and Prohibited Regions

FBS serves clients in over 150 countries, making it a globally accessible broker. However, due to regulatory restrictions, FBS does not accept clients from certain regions. Prohibited countries include Pakistan, Bangladesh, Indonesia, North Korea, Syria, Sudan, Iran, Nigeria, Russia, China, Italy, and other regions under heavy sanctions. Traders from supported regions can easily open accounts, provided they meet verification requirements. FBS’s extensive reach allows it to cater to a wide range of traders globally, though compliance with local laws remains a priority, ensuring secure and legitimate trading for all.

FBS Account Types

FBS offers a simplified account structure that caters to both new and experienced traders. The primary account type is a single live account with a low minimum deposit of just $5, providing access to over 550 trading instruments, including forex, commodities, and indices. This account offers floating spreads starting from 0.7 pips and leverage up to 1:3000. In addition, FBS provides a free demo account with no expiration, allowing traders to practice strategies without risk. For those following Islamic finance principles, FBS also offers a swap-free Islamic account, eliminating interest charges.

Account Opening Steps

Opening an account with FBS is a straightforward process. First, visit the FBS website and click on the "Open an Account" button. You will be asked to provide personal details, including your full name, email, and phone number. After registration, account verification is required by submitting valid identification documents such as a passport or national ID and proof of residence, like a utility bill. Once verified, you can fund your account with a minimum deposit of $5. The whole process is quick, allowing traders to start trading on FBS’s platform in just a few steps.

How to Close FBS Account

Closing an FBS account is a simple process. To start, ensure that all funds are withdrawn from the account. Once your balance is cleared, contact FBS customer support via email or live chat, requesting account closure. You may be asked to confirm your identity and provide reasons for closing the account. FBS will then process your request, and the account will be permanently closed. It's important to note that any remaining funds should be withdrawn before initiating the closure, as no transactions can be made once the account is closed.

FAQs

What is the minimum deposit required to open an FBS account?

The minimum deposit to open an FBS live account is just $5, making it accessible to both beginner and experienced traders.

How long does it take to open an FBS account?

Opening an FBS account is quick and easy. After completing the registration and verification process, your account can be ready for trading within a few hours.

What documents are needed to open an FBS account?

You will need to submit a valid ID, such as a passport or national ID, and proof of residence, like a utility bill or bank statement, to verify your FBS account.

Can I open a demo account with FBS?

Yes, FBS offers a free demo account with no expiration, allowing traders to practice strategies and familiarize themselves with the platform without risk.

Does FBS offer an Islamic account?

Yes, FBS provides an Islamic (swap-free) account option, which is designed for traders who follow Sharia law and wish to avoid interest charges on overnight positions.

Is account verification mandatory with FBS?

Yes, account verification is mandatory with FBS. Traders must submit identification documents to comply with KYC and AML regulations for secure account management.

Can I close my FBS account if I no longer wish to trade?

Yes, you can close your FBS account by withdrawing any remaining funds and contacting customer support to request the account closure.

How do I fund my FBS account?

You can fund your FBS account using various methods, including Visa, Mastercard, Skrill, Neteller, and cryptocurrencies like Bitcoin and USDT.