Trading Instruments 

FBS traders can trade different financial assets, such as stocks, indices, currency pairs, and commodities. However, keep in mind that you will not be able to trade all of them using the MetaTrader 4 platform. In case you wish to have access to all these assets, you should choose MetaTrader 5 instead. 

Currency Pairs

FBS offers all major currency pairs as well as some exotic ones. For example EUR/USD, USD/JPY, GBP/USD, USD/CHF, AUD/USD, USD/CAD, and NZD/USD. Major currency pairs are very liquid, thus spreads are smaller. Trading exotic pairs can be riskier as the spreads are larger and these pairs often suffer from low liquidity. You should avoid trading exotic pairs if you are a beginner trader.

Commodities

Commodities are raw materials, and FBS offers the most popular ones to its traders. You can trade gold – XAU/USD, silver – XAG/USD, platinum, palladium, natural gas, and oil in the form of WTI crude oil or Brent oil. 

Leverage and spreads are linked to the account type you choose and how heavily the asset is traded. 

Stocks

Shares are fractions of company ownership. With FBS you can trade the most popular stocks, for example, Apple, Alphabet, Meta, Tesla, etc. 

Indices

Indices are baskets of individual stocks that are ranked by major banks or financial companies. Indices such as S&P 500, Dow Jones index, etc. can be found on FBS. These instruments are not only tradable instruments but also many traders use them as indicators of market direction. 

It’s important for traders to keep an eye on indices as they show the sentiment in the markets. S&P 500 index represents the 500 biggest American companies that are traded in the stock market. If S&P 500 is bearish, that might be an indication of a weakened US economy. This might be a good indication that if you buy USD against the Euro you might see a profit thanks to a bearish US economy.

Account Types

One big advantage FBS has over other brokerage firms is its variety of account types. If you are trading intraday and make a lot of trades, you may consider an account type that offers tighter spreads and ECN services for speedy execution. For swing traders and long-term investors, account types that charge less for holding positions longer are more attractive. 

Cent account

The Cent account allows you to start trading using just 1 USD. The commission is 0$ and the leverage goes up to 1:1000. The account is great if you are learning how to trade or need to test your strategies. This account has floating spreads starting from 1 pip. Spreads are based on liquidity in the markets. The more liquid the asset, the smaller the spread. Market execution is starting from 0.3 sec, STP.

Micro account

The minimum initial deposit for opening a Micro account is 5 USD. Offering 0$ commission and fixed spread from 3 pips. Leverage is much higher compared to the Cent account and is up to 1:3000. Keep in mind that the high leverage can increase your wins, on the other hand, it can increase your losses too. So be careful when trading with high leverage. Market execution speed is starting from 0.30 sec, STP.

Standard account

The minimum initial deposit for a Standard account is 100 USD, offering up to 1:3000 leverage.

The standard account is very attractive if you take into account that the spreads start from 0.5 pips and there’s no commitment required. Standard accounts are generally aimed at traders that are not specialized in certain trading styles and timeframes. 

Zero spread account

In case you don’t like trading with spreads, you can open a Zero spread account and pay a commission starting from $20/lot instead. For opening a Zero spread account the minimum initial deposit is $500 and the maximum leverage is 1:3000.

ECN account

If you are a more seasoned trader, you might be attracted to opening an ECN account. The leverage is smaller, up to 1:500, and the smallest initial deposit is 1000 USD. The commission is $6 on trades. In general, scalpers and intraday traders choose ECN accounts as there is no delay in market execution. ECN stands for Electronic Communication Network. This technology directly connects traders to the markets.

Crypto account

For using a Crypto account you will need a larger deposit to make money in smaller movements in price as the maximum leverage is only up to 1:5, even though the minimum initial deposit is only 1 USD. Commission for a crypto account is 0.05% for opening and closing positions.

Keep in mind that all of the accounts have a limit to how many open positions you can have, except for the ECN account. The maximum number of open positions is 200. ECN does not have any limits when it comes to the number of opened positions as the traders are directly executed in the markets. This is one more reason why active, intraday traders choose ECN accounts.

FBS Demo account

Demo accounts are useful tools for novice traders to master trading. It’s not an easy task to become a profitable trader. Most traders lose money when they fail to plan their trades. Demo trading can help you develop a profitable trading strategy and become a more confident trader and earn money consistently. There are many occasions when a profitable strategy stops working in the live trading environment as market conditions change, in cases like this, you need to trade on a demo account to save your profits from evaporating.