FBS minimum deposit in ZAR – requirements across account types

FBS is another favorite Forex brokerage company of South African traders. FBS Markets Inc is a highly reliable and trustworthy company regulated by IFSC. The broker is famous for its low trading costs, dedication to its clients, a great diversity of trading assets portfolio, and high-quality service. However, one of the main features that distinguish the broker is the fact that FBS has the lowest minimum deposit requirement across the Forex industry. The broker allows its clients to start trading Forex with just 15 South African rands, which is equivalent to 1 US dollar and is a minimum deposit for an FBS Cent account.

FBS has many different live trading account types and all of them have different minimum deposit requirements. These accounts come with various benefits and allow traders to use either more flexible leverage or higher spreads on the Forex currency pairs. Our review will cover the trading capital requirements across all account types of the broker and will explain the minimal resources needed for South African traders with FBS ZAR account.

Start trading with 15 ZAR at FBS

FBS account types and minimum deposits

FBS has five major live trading account types: Cent account, Micro account, Standard account, Zero Spread account, and an ECN account. Apart from these accounts, traders from South Africa can also register a demo trading account with the broker with requires no deposit whatsoever. FBS demo account offers a virtual account balance of up to 1 million US dollars or 14,500,000 South African rands. You can practice opening trades and setting position sizes on an FBS demo account. We will discuss all the requirements, minimum deposits, fees, and benefits of FBS accounts below.

FBS Cent Account

minimum deposit for fbs cent account FBS Cent account is the cheapest account of the broker. The minimum deposit for FBS Cent account starts at 15 South African rands or equivalent to 1 US dollar. The account offers a floating spread from 1 pip with 0 commissions applicable to trades. The maximum leverage can go up to 1:1000 on the account with a limit of 200 on maximum simultaneously open orders. The order volume is restricted from 0,01 to 1 000 cent lots (with 0,01 step). The execution of the orders starts from 0,3 sec, STP type. Usually, the withdrawal requests are processed similarly on all account types of the broker. The deposit or withdrawal request submitted via an electronic payment system will take a maximum of 48 hours to be processed. Furthermore, the FBS Cent account minimum withdrawal is 1 US dollar for e-payment methods and 50 US dollars for bank wire transfers.

FBS Micro Account

minimum deposit for fbs micro account FBS Micro account is another cheap real trading account type with the broker. This account type allows clients to start trading with just 72 ZAR (5 USD equivalent) minimum deposit requirement. For FBS Micro account holders broker offers a fixed spread from 3 pips with the maximum leverage of up to 1:3000. There are no commission fees applicable to this account type. The limit on maximum simultaneous open orders is similar to the rest of the accounts – 200 orders. The order volume is limited from 0,01 to 500 lots (with 0,01 step). The order execution on the FBS Micro account starts from 0,3 sec, STP.

Get your 72-ZAR Micro Account with FBS

FBS Standard Account

fbs standard account minimum deposit The standard account is the most common account with all Forex brokers. It is usually the account with average deposit requirement, standard fee structure and more benefits than Micro and Cent accounts have. FBS Standard account minimum deposit is 1446 ZAR or equivalent to 100 US dollars. The broker offers a floating spread from 0,5 pip for Standard account holders. The maximum leverage can go up to 1:3000. The account operates commission-free, as well. The rest of the specifications are the same as for the FBS Micro account – the simultaneous orders limit is 200, the order volume limit is from 0.01 to 500 lots and the execution speed starts from 0.3 seconds.

FBS Zero Spread Account

fbs zero spread account minimum deposit Zero Spread is an account type for Forex traders looking for ultra-tight spreads on major currency pairs. The account type offers fixed spreads of 0 pip across the Forex assets. However, the account comes with a commission fee payable. The commission rate for the Zero Spread account type starts from 289 South African rands (equivalent to 20 US dollars) per single lot. The FBS Zero Spread account minimum deposit starts from 7230 ZAR (equivalent to 500 US dollars). The rest of the conditions are similar to FBS Standard and Micro account types.

FBS ECN Account

fbs ecn account minimum deposit This is the most expensive and specific account type found with the FBS broker. The floating spreads offered on the ECN account start from -1 pip. However, the leverage is limited up to 1:500. The commission rate for ECN account holders is 87 South African rands equivalent to 6 US dollars. FBS ECN Account minimum deposit starts at 14,460 ZAR or equivalent to 1000 US dollars. There are no limits on simultaneous open orders with the FBS ECN Account and the market execution type of the orders is ECN.

FAQs on FBS minimum deposit in ZAR

What is the minimum deposit for FBS?

The minimum deposit for FBS is 1 US dollar (15 ZAR) on the Cent trading account. The minimum deposit for FBS Micro account allows users to start trading with a 5 US dollar initial investment (72 ZAR). The standard account has a minimum deposit requirement of 100 US dollars while Zero Spread minimum deposit starts from 500 US dollars. The highest deposit requirement is present on the ECN account of the broker – 1000 US dollars.

Is FBS available in South Africa?

Yes, an FBS broker is available in South Africa. Furthermore, the broker even offers the national currency of the country within the portfolio of tradable currency pairs – The South African rand. Clients of FBS can trade with USD/ZAR and USD/EUR currency pairs with ultra-tight spreads at FBS platforms.

How much can I deposit in FBS?

FBS accounts do not have a maximum deposit limit, but they have a minimum deposit requirement – 1 US dollar for Cents account, 5 US dollars for Micro account, 100 USD for Standard account, 500 USD for Zero spread account and 1000 US dollars for ECN account.

Can I start Forex with $5?

Yes, you can. Forex brokers such as XM, HotForex, FBS, and several others allow traders to start trading with as little as 1 US dollar or 5 USD. However, your deposit determines your trade size, which means that you will have limited resources to trade. For instance, if your broker has a minimum trade size of 0.01 lots (1 lot = 100,000 base currencies), you would need to access 1:1000 leverage to place one trade for 1 US dollar.