FBS minimum deposit: How to deposit money – All payment methods

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5 / 5
Rating of the Binaryoptions.com team
Minimum deposit $1
Payment methods Banktransfer, Credit card, E-Wallets, Crypto
Deposit fees $0

If you want to deposit into your FBS account and don’t know how to, this review will help. FBS is a well-known broker around the world. They are also highly regulated by several international regulatory bodies. This is one of the reasons traders choose FBS for their trading activities. 

Once you have set up your FBS account and signed up with the required details, the next step is to deposit so you can start trading. That said, here is a step-by-step guide on how to deposit into your trading account on FBS. 

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(Risk warning: Your capital can be at risk)

FBS deposit explained

What is the FBS minimum deposit?

The minimum or initial deposit is the least amount you are expected to transfer to the broker trading account from your regular bank account. Various brokerage firms have different minimum deposits allowed on their platforms. This means you cannot deposit any amount less than the stated amount. The minimum deposit FBS is $1. 

Although on the FBS platform, the minimum deposit differs depending on the account you choose to trade with. It is important to note that FBS provides traders with various options for trading accounts. The brokerage firm has different minimum deposits as the account types differ. 

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Types of FBS trading accounts and the minimum deposit allowed

On the FBS platform, there are many trading account types you can choose from. It is important to understand these account types. It is helpful to know how they differ and which will best suit your trading needs. You can make a more informed decision when you know what they offer. It also betters your trading experience.  

Account Types on FBS:Minimum deposit required:
Cent account$1
Micro account$5
Standard account$100
Zero spread account $500
ECN account$1000
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Here are the trading account types on FBS:

Cent account

FBS cent account

This is the best choice if you are a beginner in the financial market. It is a safe choice if you are trying to understand how trading works. The minimum deposit on this type of account is $1. This implies that you can start trading with as little as $1 in your account. 

You also don’t get charged commissions when trading with the Cent account. On this account, traders get up to 1:1000 in leverage. This means you can control $10 for as little as 1 cent. In addition, there is also the floating spread starting from 1 pip. It includes bonuses such as a 100% bonus on deposit, a Quick Start bonus, and Trade 100 Bonus.

Traders can also open up to 200 positions and pending trade orders. If you haven’t exactly mastered a trading strategy, then the Cent Account is ideal for you. This way, you can learn conveniently while risking little. 

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(Risk warning: Your capital can be at risk)

Micro account

FBS micro account

Next up is Micro Account on FBS. On this type of account, traders have higher leverage options up to 1:3000. The minimum deposit on Micro Account is $5. To open or start trading using this account, you must deposit at least $5. 

The Micro Account also doesn’t have any commission charge on it. Traders can open up to 200 pending orders and positions on the Micro Account. As a trader using this account, you benefit from the fixed spread starting at three pips. 

This account type is also ideal for beginner traders who do not want to invest a lot of funds. Also, you can practice on this account till you have perfected your trading strategy. The minimum deposit stated doesn’t stop you from depositing more in line with your trading needs or risk level. 

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(Risk warning: Your capital can be at risk)

Standard account

FBS standard account

The standard account is much better for average traders. It is also quite common among traders who choose FBS. Most traders go for the Standard Account because of its flexibility. If you understand how the forex or financial market works, you should go for this. 

For the Standard Account, there is a minimum deposit of $100. This is much bigger than the two account types because, for some reason, there is no commission charge on the Standard account. Also, the floating spread starts at 0.5 pip. Traders get to benefit from the leverage that ranges up to 1:3000. 

For a beginner trader, this might not be the best option for you. It is safer to start with the Cent or Micro account. You can open more than 200 positions and pending orders on the Standard Account.  

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(Risk warning: Your capital can be at risk)

Zero spread account

FBS zero spread account

If you are a trader that prefers fast trading, then the Zero Spread Account would be a better choice. It is also a great choice for traders who carry out multiple trades and would like to avoid the spreads. 

The initial funding deposit or minimum deposit for the Zero Spread Account is $500. On this account, traders get fixed spreads starting from 0 pip. However, on this account, commissions are charged. Traders have to pay a commission starting from $20 on each lot, and they have access to 35 currency pairs. 

The leverage on the Zero Spread Account is 1:3000. Also, trade execution starts from 0,3 seconds. This account type is not ideal for new traders in the financial market. This is because you must learn the ropes properly when trading the financial market to avoid huge losses. 

→ Sign up for free with FBS now!

(Risk warning: Your capital can be at risk)

ECN account

FBS ECN account

Finally, the ECN account is the last on the list. It is ideal for professional traders or average traders with some experience. If you want to enjoy the complete power of ECN technologies and trade on them, then this is the ideal choice. 

The ECN Account is the largest account type on FBS. The minimum deposit required is $1000. As with the Zero Spread Account, traders using the ECN account have to pay commissions. The fixed commission is $6 on this account. Traders also have access to 25 currency pairs. 

With the ECN Account, traders can carry out trading activities without intermediaries. The primary advantage of using this account is that it provides high-speed market execution. Also, it offers several liquidity providers and positive spreads. 

→ Sign up for free with FBS now!

(Risk warning: Your capital can be at risk)

A step-by-step guide to depositing on FBS

Now that you understand how the different work and what they offer, here is a detailed guide on how to deposit on FBS. 

1. Open account

FBS registration and sign up

The process of an account on FBS is the same as with several other brokers. You will need to provide certain details to complete your account registration. These details include personal details such as date of birth, full name, email address, and employment status. You will also have to take a quick test to know your financial knowledge. 

In opening your account, you must select a base currency, leverage, and platform for your trading activities. These include MetaTrader 4, MetaTrader 5, and the FBS trader. 

Once you can successfully provide these details, your account will be created, and you can access the platform. The whole process of opening an account with FBS should take you less than five minutes. 

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2. Verify account

FBS verification

After opening your account, the next step is to verify your account. Without verifying your account, you might be unable to carry out several activities on the FBS platform. For instance, you might be unable to withdraw using a certain payment method. 

You can verify your account immediately after creating it or before you make your initial deposit. You need proof of identification to verify your FBS trading accounts, such as your international passport, national ID, and voter’s card

All copies should be cleared and scanned. You can also use your valid driver’s license to identify. Alongside your proof of identification, you will also need to send proof of residence. These documents should contain your government name, the same names you used to create your trading account. 

Within the next 48 hours, the online broker will verify the documents you uploaded to ensure they are authentic. Once this verification is successful, you can go and make your deposit and start trading. 

3. Choose payment method

Choose the deposit for FBS

Once you have verified your account, you can log into the FBS webpage or mobile application. Navigate and select the icon that says, ‘Deposit.’ From here on, you have to choose a suitable payment method.

FBS offers traders a wide range of options when it comes to payment methods. Some of the payment methods include bank transfer, also called wire transfer. Debit or credit card payments, PayPal, Skrill, Neteller, and perfect money. 

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4. Select the deposit amount

FBS deposit amount for investments

After choosing a payment method, the next step is to choose the desired amount. As mentioned earlier, the minimum deposit when using FBS differs with the account type. If you go for the Micro Account, you will be required to deposit a minimum of $1; for the standard account, the minimum deposit is $5. The Zero Spread and ECN Accounts minimum deposits are $500 and $1000, respectively. 

The amount you deposit should align with your trading and investment needs. This means you should start trading with an amount you are unwilling to risk.  

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(Risk warning: Your capital can be at risk)

5. Confirm the deposit

The next thing to do after depositing FBS is to confirm your deposit. Sometimes, your deposit may take a few days before reflecting in your trading account. However, the broker will send a confirmation mail to your registered mailing address once it is successful. This mail will contain the receipt of your transaction.

Payment methods available for FBS deposits

payment methods of FBS

FBS offers traders using their platform several payment methods for depositing. This means traders can choose whichever methods suit them or work in their country. 

Visa 

This is your regular debit or credit card transaction. Deposits using the Visa payment option are free and instant. If you also want to withdraw with this option, it takes 15-20 minutes. 

However, the money may take 5-7 working days to get to your local bank account. While there is no charge for depositing using this method, withdrawals attract a $1 commission. 

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(Risk warning: Your capital can be at risk)

Skrill

Using this option, your deposits are also immediate and free. However, withdrawing takes about 15-20 minutes. Traders also have a pay commission of 1% and $0,32. 

Neteller

For Neteller, the deposits are also free and instant. Traders can be certain that once they input all details correctly, their payment will reflect immediately. To withdraw using Neteller, traders are charged 2% and then $30 max in terms of commission. 

Perfect money

The process of payment or deposit is the same as Perfect money. While deposits are immediate, some charges may apply to their payment system. Withdrawing using this method takes less than 20 minutes. Traders also have to pay 0.5% commissions while withdrawing.

Cryptocurrencies

Furthermore, clients can use different cryptocurrencies for a minimum deposit: Bitcoin, Tether, Litecoin, Ethereum, or Bitcoin Cash. The recommended minimum deposit for Bitcoin is $ 36 or $ 10 for Tether because smaller amounts are approved manually and it can take a lot of time up to 7 days. Higher amounts are deposited instantly in your trading account.

→ Sign up for free with FBS now!

(Risk warning: Your capital can be at risk)

Fees for deposits

FBS does not charge traders on the platform any fee to make a deposit. No matter how many times you make your deposits, you can be sure that this transaction is free. Regardless of the payment methods, you use as well, there is no charge on deposit when trading with FBS

However, some commissions on FBS withdrawals depend on the payment method you choose. 

Duration of the FBS deposit

As mentioned earlier, deposits are mostly instant. Even while using different payment options, you can make a deposit, and it will reflect instantly. However, for payment options like wire transfers, the deposited funds may take some time to reflect in your FBS trading account. 

In most cases, wire transfer takes five to seven days for the payment to be processed and ready for trading.

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(Risk warning: Your capital can be at risk)

What are common problems with the FBS deposit?

Card declined

One of the most common problems with depositing on FBS is the issue of card declining. There are several reasons you cannot pay with your debit or credit card. For instance, if the name on your card is not the same as the name you used to register, this will be a problem. 

Also, if you got the card from a different country and are trying to deposit it in a different country, this might be a problem. 

Delay in payment reflection

As stated earlier, your payment isn’t instant when you make a deposit using a Wire transfer. If you want instant payment, you have to use another payment system such as Skrill or Neteller. 

Wire transfer takes 5-7 days to be processed and accepted. 

Conclusion: Fast deposits by a lot of payment methods on FBS

Depositing on FBS can be seamless if you follow the necessary steps. As long as you have verified your trading account, you only have to choose the right payment method and get your funds in your trading account. 

Most asked Questions about the FBS deposit:

Can I make a deposit in my country’s currency on FBS?

FBS allows you to deposit funds into your trading account using your national currency. When you make the deposit, the broker converts this amount to USD/EUR. The conversion is done in line with the exchange rate at that moment.

How long does the deposit take to reflect?

Typically, if you use the electronic system of payment, our deposit reflects instantly. This means, when you check your trading account, the amount deposited should be there in EUR/USD. Other methods of payments take between 1-2 days max.

What is the maximum amount I can deposit on FBS?

While there is a minimum amount you can deposit on FBS depending on your account type, there is no limit to the amount you can deposit. However, trading is a risk and it is advisable to invest with caution. Only out in an amount you are willing and able to risk.

→ Sign up for free with FBS now!

(Risk warning: Your capital can be at risk)