How much does it cost to trade with FBS – Spreads & fees

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5 / 5
Rating of the Binaryoptions.com team
Type of fees Fees from
Deposit fees $0
Withdrawal fees From $0
Trading fees From 0.0 pips spread & variable commission

There are different account types available on FBS, and because of these account types, different spread types are even attracted to these account types. Spread pips are one of how the broker gets its revenue. FBS has one of the lowest spreads, making it a good broker platform. 

FBS provides the traders with a flexible and tight spread giving the traders one of the best trading experiences. Besides the spreads, the fees are also not high. The fees come from different available charges. In this article, we will closely examine the spread and fees of FBS. 

FBS official website
FBS official website

Overview of the FBS trading fees:

FBS is a broker that offers a transparent trading experience to traders. Both new and existing traders know the fees available for trading on the broker’s platform. This is so because the online broker is under the regulation of different regulators.

This section entails a proper list of all the available trading fees on FBS:

  • Spread
  • Withdrawal fees
  • Deposit fees
  • Commission
  • Overnight fees
  • Non-Trading fees
→ Sign up for free with FBS now!

(Risk warning: Your capital can be at risk)

Spreads on FBS:

Spreads on FBS are among the forex trading industry’s most competitive and flexible ones. The lowest spread on FBS for EUR/USD is 0.0 pip. The spreads, however, vary depending on the type of account the trader is using to trade. The spreads can, however, go as high as 6, depending on the account type and the asset the trader uses to perform trade. There are different types of spread types on FBS. The types of spreads include:

  • Fixed spread
  • Spreads on the user’s account
  • Spreads that are on instruments

Fixed spreads

Every account has fixed spreads that start with them. The reason why there is a fixed spread is that the broker can get money from the spread. 

Spreads on Account

The spreads vary depending on the account type the trader is using. FBS has different account types that they offer the traders. The broker offers traders different account types, from the standard account to the account. The spreads and commissions on the account type vary from 1 pip to 0 pip. 

FBS account types
FBS account types
→ Sign up for free with FBS now!

(Risk warning: Your capital can be at risk)

Spreads that are on Instruments

The different instruments that are available on the broker have different spreads on them. For example, trading forex pairs have different spread pip on them. Trading EUR/USD, for example, has a tight spread from 0 pips. Trading cryptocurrencies on the broker has a different spread that starts from 0.1 pip. 

Account Type:Spreads from:Commission:
Standard account0.5 pips
Cent account1 pips
Micro account3 pips
Zero accounts0 pips$20
ECN account0 pips $6
→ Sign up for free with FBS now!

(Risk warning: Your capital can be at risk)

Withdrawal fees

Besides spread pip, the traders also get charges from withdrawals they make on the FBS broker’s platform. The withdrawal fee, however, varies depending on the kind of payment method that the trader is using. 

FBS provides traders with different payment methods (e-wallets, wire transfers, and cards). Traders can choose from any of these methods. The one with the highest withdrawal fee is the e-wallet channel through Sticpay. 

FBS withdrawal fees
FBS withdrawal fees
→ Sign up for free with FBS now!

(Risk warning: Your capital can be at risk)

Deposit fees

Unlike many other forex brokers in the forex industry, FBS traders are charged on the deposits they make into their trading accounts. However, the deposit fee is not charged through all the available payment methods. 

Traders who wish to make deposits on FBS through the Sticpay payment method are charged a 0.3 commission plus a 2.5% charge. Using the other deposit methods is free. However, the time it may take for the money to reflect into your trading account will take longer. 

Commissions on trades

The commission fees also depend on the account type, the asset being traded, and the payment method when making deposits and withdrawals. For example, the commission per 1 lot (100.000 value) trade can be up to $ 20.

Also, the commission fees on the account type vary depending on the account type you are using to trade. Commissions are also another way through which FBS gets its funds.

How does the commission work on FBS?

Using the standard account

FBS standard account
FBS standard account spreads and fees

This account is ideal for investors who like conventional transactions. Because it is designed to provide a competitive spread, brokers do not charge this account for a commission. You can select up to one leverage account according to your needs.

This account supports various transactions, such as stocks, foreign exchange, energy, index, foreign exchange, and metal. To open a basic account, you can use MetaTrader 4 or MetaTrader 5. As for spreads, floating spreads from 0.5 pips are possible.

→ Sign up for free with FBS now!

(Risk warning: Your capital can be at risk)

Using the cent account

FBS cent account
FBS cent account spreads and fees

This account is a great option if you are new to forex trading and have recently started trading profitably. Deposit $1 to start using your cent account. Floating spreads from 1 pip are available.

What about commissions? With this account, there are no fees, so you don’t have to worry about that. Leverage is available up to a ratio of 1.000. You can trade in small lots, and your balance is displayed in cents.

Using the micro account

FBS micro account
FBS micro account spreads and fees

This account is a great option if you are new to forex trading and have recently started trading profitably. Deposit $1 to start using your cent account. Floating spreads from 1 pip are available.

H commission for this account type? Using the micro account, there are no fees, so you don’t have to worry about that. Leverage is available up to a ratio of 1:1000. You can trade in small lots, and your balance is displayed in cents.

→ Sign up for free with FBS now!

(Risk warning: Your capital can be at risk)

The zero account

FBS zero account
FBS zero account spreads and fees

The zero accounts have leverage of 1:3000. The broker also offers the traders a commission of $20. This zero account is good for both new and existing traders. Traders of this account type have zero accounts. 

ECN account

FBS ECN account
FBS ECN account fees and spreads

This account type is the best for traders because of the low and competitive spread types and also the zero commission for this account type. The leverage for this account type is 1:500, which is also good for measuring with other brokers that have this account type. 

→ Sign up for free with FBS now!

(Risk warning: Your capital can be at risk)

Overnight fees

Overnight fees are also known as swaps. This happens when a trader chooses to place a trade overnight. There is a fee increase for traders that wish to trade overnight on FBS. The fee that will be charged may depend on the asset that the trader is using to place the trade.

On FBS, there is what is called a Swap-free account. This account type is only available to traders that are trading in Islamic regions. These traders are not charged for trading overnight on the broker. This is one of the good things about trading on FBS.

Non-trading fees

Those who are trading on FBS are not charged an inactivity fee. This gives the broker a good standing in the forex industry because, unlike the other brokers available in the forex industry, FBS does not charge the traders even though they have not traded for more than a year. This gives the traders good trading experience because they are sure that even after not trading for a long time, they will not be charged by their broker.

Is FBS an expensive broker?

FBS is not conservative because when measured against other forex brokers in the industry, you will notice that the fees are not so high. One of the ways through which FBS cuts down expenses for the traders is by removing inactivity fees. 

Many forex brokers charge their traders money for not trading with their accounts for a period. Some brokers can charge as much as $50. Besides the absence of inactivity fees, another way that shows FBS is cheap is through the spreads. The spreads can be as low as 0 pip. 

However, unlike other brokers, FBS charges a fee on withdrawal and deposit. Though the fees are low, they can also affect a trader’s trading experience. 

→ Sign up for free with FBS now!

(Risk warning: Your capital can be at risk)

Conclusion: Low fees are depending on the account type on FBS

Traders have one of the best trading experiences with trading on FBS. Hopefully, this review gives you a good picture of the fees and spreads on FBS. If you wish to know more about it, you can visit the website to see more details about the broker. The traders on FBS from Islamic regions can trade overnight for free. Besides that, their trading fees overall are cheaper than those using a normal trading account. 

FAQs – Most asked questions about FBS fees and costs

Can I trade for free on FBS?

No, traders are not allowed to trade for free on the broker. No broker’s platform allows trading to be free. However, traders can open an account on the broker for free. Opening an account on FBS will not require any money. Traders are even given a free demo account to trade with, and the demo account is good for new and even old traders on the broker’s platform. 
Once you have opened your trading account, to trade, you will have to fund your account with some money. Thankfully, the minimum deposit on FBS is $1, making it a good broker for new traders to trade with.

Will I be charged commissions for trading on FBS?

No, the broker does not charge commission fees because the broker fully takes responsibility for the commissions on trades. Traders should, however, note that you can still be charged commission depending on the kind of account you are using to place trades. 
For instance, using a zero account has a commission that starts at $20. The amount may be less or more depending on the other account type a trader uses. 

What is the minimum deposit on FBS?

The minimum deposit on FBS also depends on the account the trader uses. The lowest deposit amount starts from $1, and the highest minimum deposit because of the account type is $1000. When creating your account, be sure that the account type you use is what is best for you to start with.
Whatever amount you decide to start with, ensure you are only trading with money you are willing to risk. 

Is FBS a scam?

Yes, FBS is not a scam broker. The broker is under the regulation of financial regulators such as CySEC (in Cyprus), FSC, FSCA, and even AISC in Australia. This is why the broker makes sure that the traders get to know the fees that are charged to the broker. 
The broker operates transparently with the traders, assuring the security and safety of funds. Since the broker is regulated, the traders are sure they will not be charged without any due reason. The trader’s funds in the account for trading are in safe hands.

Does FBS charge for using the demo account?

No, traders are free to use the demo account without any pressure. The broker does not charge for using the demo account because it is a free account. Traders can place trades on the demo account for free. 
The demo account is only available to get a feel of how it is to trade on the broker’s platform. Thanks to the demo account, traders can strategize and know which trading method is best before trading on their real account.

Which account is best for trading on FBS?

If you want to truly tap into having the best trading experience on FBS, it should be trading with the ECN account. Owners of this account have 0 commission, and a low spread allows the traders to have a good trading experience. The ECN account, however, has a high minimum deposit. 

How is the spread on FBS?

The spread on FBS is good. This is because the spread is not so expensive. Traders also get tight spreads on the plus side. This makes the broker very good for both new and old traders.

How much do I need to start trading on FBS as a beginner?

If you’re looking to start trading Forex and don’t know how much to spend, read on for the answer. Here’s how much money you need to start trading cryptocurrencies. But before you start, remember that FBS has a well-designed and developed demo account where you can learn all about Forex and CFD trading without making a deposit.
However, you could come across a 0.5-pip floating unfold if you decide to go along with many traders. You should deposit a minimum of $a hundred USD on the way to use this form of account.

→ Sign up for free with FBS now!

(Risk warning: Your capital can be at risk)