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

Established in the year 2009, FBS has emerged as a leading online broker across the world and provided its customers with CFDs and forex trading opportunities. The broker is FC Barcelona’s official trading partner and also Leicester City Football Club’s principal partner. 

Through its amazing services and offers, the broker has managed to maintain a robust reputation among the traders. As it offers all the required support to the clients, this can be a good option for the traders who are investing in CFDs or the forex market for the first time.

On the other hand, it has some advanced features, for example, algorithm trading and more, so it is also a good platform for professional traders. The broker is regulated by CySEC, FSCA, IFSC, and ASIC. So, they are highly trustable. 

But before you start using the platform for trading, it will be better for you to have knowledge about the fees, spreads, and other charges related to using the platform. If you are searching for a source to find such information, then you have arrived at the right place. 

Here, you will explore all the crucial aspects of FBS, including information on spreads, commissions, charges, and more. So, let’s get started with this. 

List of fees that can occur when you trade with FBS

As per the information given on the official site, FBS’s commission and spreads begin from USD 20 per lot spreads from 0.0 pips. On the other hand, the broker doesn’t charge fees for opening an account. 

If you are using a demo account, then you don’t have to worry about any charges. But if you have a live account, then you will have to deal with the fees. The charges will vary from one trading account to another. The broker offers 5 different trading accounts. Some of the major types of FBS fees that the platform charges are: 

Commission

This will be charged whenever you execute a trade. Based on your trade type, this can be flat fees or volume-tiered. Well, in the case of FBS, if you have a standard account, then the commission will be zero. 

Spread

It is the difference between the ask and bid price of the order. When one trades CFDs or forex, then spreads will be a major part of the overall trading costs.

Non-Trading fees

These fees are related to withdrawal and deposit fees. Besides, it also includes account inactivity fees.

Overnight costs

While trading on leverage, the broker will charge you for holding the position overnight. Well, this can be charged in the form of swap points or in a percentage. 

https://www.youtube.com/watch?v=HfM-FxVK8-w

Understanding the commission charged by FBS

As per the review, the commission charged by the broker will depend on your account type. Let’s discuss the spread and commission of every FBS account in detail. 

For standard account

This account is perfect for the traders who love to trade the traditional ways. This account is created to offer very competitive spreads, and the broker doesn’t charge any commission for this.  Besides, you can choose a leverage account up to 1:3000 based on your requirements. 

This account supports different trading instruments like stocks, forex exotic, energies, indices, forex, and metals. You can use MetaTrader 4 and MetaTrader 5 to open a standard account. Speaking about the spread, it supports floating spread from 0.5 pip. 

Cent account

If you are new to forex trading and have just begun to make some successful trades, then this account will be a good choice for you. You can start using the cent account just by depositing USD 1. It has a floating spread that begins from 1 pip. 

What about the commission? With this account, you don’t have to worry about that as the commission is zero. Talking about the leverage, it is up to 1:1000. The balance will be displayed in cents, and you can trade small lots. 

Micro account

Another great account that doesn’t come with any commission is its Micro account. With just USD 5, you can start placing your trade orders. This account helps the traders to evaluate their profits accurately using the in-built tools. 

Well, the spread is fixed from 3 pips, and in the case of leveraging, it supports up to 1: 3000. You can use this account through MetaTrader 4. For more details, you can also go for its demo account.  

FBS’s zero spread account

If you want to trade with no spreads, then FBS has a facility for that. It offers Zero Spread Account with zero spread. By trading through this account, you can maximize your profit. Besides, it allows the traders to make a more accurate forecast about their revenue. 

Even though this account doesn’t have any spread, to use it, the users have to pay USD 20 commission for a lot. This account is an ideal option for traders who like high-speed trading. 

What’s more? The Zero Spread Account provides the traders with around 1:3000 leverage along with 200 open positions. The market execution rate is very fast, around 0 to 3 seconds. Speaking about the order volume, it supports 0.01 to 500 lots. 

This account also allows the users to use some advanced trading instruments, like Forex Exotic, Metals, Forex, and more, and is available on MetaTrader 4. So, go on and give it a try. Well, if you have any doubt, then you can also try its demo edition. 

ECN account

ECN- Electronic Communication Network trading account is a perfect account for professional traders. This account provides them with the best trading conditions. Without any middlemen, you can trade hassle-free. 

To open this account, you can use MetaTrader 4, and you will need to deposit USD 1000. It may be a little costly but worth it. This account doesn’t have any trading limits. 

The spread is floating from -1 pip. However, for this account, FBS charges a commission of USD 6. In terms of leverage, it has a leverage of up 1to 1:500.

If you want to witness the fastest order execution, best quotes, better liquidity providers, and more, then use this account. 

Crypto account

FBS’s Crypto account will be an ideal option for traders who want to get into the world of cryptocurrencies. As Ethereum, Bitcoin, and other cryptocurrencies are very volatile, you can make good profits from the price movements.

You can begin using your crypto account with an initial deposit of USD 1. This account has a floating spread that starts from 1 pip. The leverage is 1: 5. 

Speaking about the commission, the broker charges 0.5 percent for opening as well as 0.5 percent for closing your positions for this particular account. 

Tables of fees & spreads – An example

Instrument	Spread AM	Spread PM
EUR/USD	1	0.8
GBP/JPY	3.5	3.5
Gold (XAU/USD)	3.5	3.8
WTI Oil (XTIUSD)	0.11	0.08
Apple (AAPL)	n/a	0.12
Tesla (TSLA)	n/a	0.91
Dow Jones 30 (US30)	6.5	6
Dax 30 (DE30)	3.5	2.3

FBS CFD fees

If you are planning to do CFDs trading with FBS, then you should remember that the broker charges some fees for this. However, compared to other brokers, these fees are quite low. 

For Apple CFD, the broker asks for a fee of USD 2. For Europe 50 index CFD, it is USD 1.9. In the case of S & P 500 Index CFD, you may need to pay fees of USD 1.3. You can explore more about these fees at the official site of FBS. 

FBS deposit and withdrawal fees

Funding your trading account is another important aspect that you need to consider. While some brokers offer such services for free, some charge money.

All deposits made through electronic payment gateways will be processed immediately. However, deposits done through other systems may take one to two hours. 

The maximum processing time for both withdrawal and deposit is 48 hours. In the case of bank wire transfers, the entire process may take five to seven working days.  Speaking more about this, the deposit methods available with FBS are: 

• Wire Transfer
• Sticpay
• Skrill
• Neteller
• Debit or Credit cards

You can use the same options while withdrawing your funds from your FBS trading account to your bank account 

Well, FBS charges fees for both withdrawal and deposit. If you are using STICPAY for depositing funds, then you will be charged 2.5 percent along with USD 0.3 commissions. The withdrawal fees are: 

• For credit and debit cards, you will need to pay USD 1 commission. 
• In the case of Perfect Money, the broker will charge your 0.50 percent commission. 
• Withdrawing through Skrill will attract USD 0.32 plus USD 1 commission. 
• If you are using Neteller, the minimum commitment will be 2 percent and USD 1, and the maximum commission amount can go up to USD 30. 

So, before using FBS, consider these FBS fees and make sure you can handle these charges in the long run. 

Understanding the leverage

One of the major reasons that most traders opt for CFD and forex markets is leverage. Speaking about leverage, it is the utilization of borrowed funds where you can increase your position to earn more profits. 

As discussed above, the Cent and Standard FBS accounts offer 1:30 leverage. After you become a professional trader, you can enjoy 1:500 of leverage. If the leverage is 1:30, you can only control USD 30,000 of market exposure by investing USD 1,000. 

However, with 1:500 leverage, you will, with just USD 1,0000, you will be allowed to control USD 500,000 market exposure.

Leverage is generally defined as a Double-edged sword, as this can influence your losses as well profits. 

How much money do you need to begin forex trading with FBS? 

If you want to begin forex trading and are wondering about the money you should use for this, then keep reading to find the answers. Here you will know the minimum amount that you will need to begin trading currencies. 

Well, before you can start, keep in mind that FBS offers a well-designed and developed demo account where you can learn everything about forex and CFDs trading without depositing any money. 

With the demo account, you will get up to USD 1 million of virtual funds. Through the FBS’s demo account, you can practice setting the position sizes and opening orders. 

However, if you are all set to begin trading with a real account, then remember that the total money you will need will greatly depend on the type of account you are currently using. The spreads and commission will also vary with this. 

For instance, if you are using the FBS micro account, then you will have to deposit around USD 5. However, the opening account charges are zero. You can start placing your orders from 0.01 lots with decent leverage. 

However, if you want to go for multiple traders, then you may face a 0.5-pip floating spread. To use such a type of account, you need to have a minimum deposit of USD 100.

The total deposit will influence the trade size

With FBS, the minimum forex trade size is 0.01 lots. If you don’t know about the lots, a lot is a small contract size in the forex market. 1000,000 units make one lot. So, with 0.01 lot, you will get 1,000 units of currency. 

If you are buying 0.01 lots of EUR/USD with around 1:1000 of leverage, then you will have to maintain a margin of USD 1 for successful execution of the trade. If you are depositing USD 5 into your micro account, you will be able to cover the margin and can open another new 4 trades. 

Some good options for your understanding

With a deposit of USD 100

As per the experts, the amount of risk for one trade should be less than 5 percent. Even if you have more funds, this rule should be followed. Let’s take an example of a 3 percent risk. If you are trading 0.01 lots, the Stop Loss can be set at 30 pips. This is enough for your intraday position. 

Here the suggested risk/reward ratio is ⅓. As a result, the possible profit will be USD 9 or 90 pips. 

With a deposit of USD 1000

With USD 1000 of deposit, traders can open larger traders. With the 1:1000 leverage and risk of USD 30 for every trade, you will trade 0.3 lots. With the risk of USD 100, you can trade one lot. 

Conclusion

Every market that you can trade with, be it CFDs or forex, has a spread. And this is your trading’s primary cost. For all the active traders, most of the trading fees will come from the spread as well as commissions. 

However, in the case of FBS, the costs are quite low. The broker offers world-class pricing and always focuses on the clients. With FBS, you can enjoy institutional-grade services and liquidity. 

With complete support for MT5, MT4, and its proprietary trading platform, you will have a huge platform choice with FBS. The broker allows scalping, algorithm trading, and hedging on different platforms. 

Besides, it also offers different trading tools, VPS services, and calculators at additional fees, and you can improve your trading experience with these things.

FBS’s spreads rank among the top CFD and Forex providers across the world. So, if you are looking for a low-cost trading platform, opting for FBS can be a good option for you. However, it is advisable to go through the above-mentioned information on spreads and FBS fees before creating an account with FBS. 

FAQ – The most asked questions about cost to trade with FBS :

---

See more articles about forex trading here:

Last Updated on January 27, 2023 by Arkady Müller