FBS is an online broker that offers access to market trading like Forex and CFDs. It’s wise for you to have an overview about it in terms of broker’s regulations, spreads,minimumdeposits, and leverage. This article will guide us much on the above mentioned things.
New clients can find it easy to access and trade if they learn and know what they have to do so as to invest. Let us examine at length some of these features.
- Regulations of FBS
- FBS leverage
- FBS trading fees
Regulations of FBS
FBS is under the ownership of Tradestone Ltd in UE. It is regulated by Cyprus Securities and Exchange Commission. FBS market Inc. manages the global branch that is governed by the International Financial Services Commission of Belize.
Cyprus being a member of the EU provides series of regulations and flexibility for multinational financial companies. The FBS firm gives services through its Belize registered subsidiary before you acquire a CySEC license.
With FBS you get a negative balance, what this means is that the negative balance it can cover an additional layer of coverage, protects traders from severe market change and unpredictable price fluctuations in the market.
Note that, FBS market Inc. is not available for customers in UK, USA, Canada, Iran, Israel, Malaysia, and Japan
Know that the maximum leverage that you might get will vary as per your account type and region you are based in.
If you are let’ssayin Europe, the brokerage leverage is up to1:30 on cement and standard account types. Clients other than EU are provided with up to 1:50 on Cent account ECN account is 1:500 and 10:3000 for that other available type of accounts respectively.
FBS can acquire a margin of call for up to 40% and this means that it is in a better position to close a client’s position.
FBS trading fees
Spreads of FBS varyconcerning account form and location as well. For this case, you will notice that global firms offer a spread of 3.0 pips on their Micro account.it provides 1.1 pips on Cent and a standard account.
Research has currently shown that we have good competition between Zero and ECN accounts. Zero account charges a commission of $20 for each lot and 6$ for the ECN account.
Note that this account has $3 for the stock exchange fee and $25 for the CFD trading fee. Some transactions have taken advantage of price lags the FBS charges for an overnight rollover fee and a cancellation fee of Euro 5.inactive accounts have for over a period of 180 days are charged a monthly fee of 5 Euro.
Generally, we have outlined at length some vital features of FBS that you have to get at your fingertips in case you want to enter into FBS trading.
These features are regulations to be considered in FBS, the FBS leverage, and the FBS trading fee. This information will help you be at the upper hand.