FBS Standard Trading Account – First of all, this type of trading account is ideal if you are looking to switch your broker or have enough trading experience. This is the most popular and widely used trading account that a broker offers for traders.
FBS Standard Trading Account is one of the most popular in this category as it requires as low as $100 to start. So we believe, anyone can easily afford this amount and can apply their trading strategies to gain as much profit as they deserve. In today’s article, we will briefly discuss this account, its advantages, disadvantages, and everything that can help you to choose whether it will be good for you or not!
Account Registration
As you are reading this article, we guess you have already registered yourself with the FBS broker. If you do not complete the registration yet then please follow the below-mentioned steps to complete your registration first.
The account registration process of this broker is pretty straightforward. From the very beginning, you need to use your valid email address and name to make the registration. First of all, you need to visit the broker’s official Website – www.fbs.com
In the upper right corner, you will get a button called “Open Account”. Please click that button and a short form will appear. Please use your official mail address and name and click the “Register As Trader” button.
you can also review our FBS Registration Guide from this mentioned link ->
FBS Standard Trading Account
If you have already registered, please go to your client cabinet by logging in to your account dashboard. Once you log in, you will see a button called “Open New Account” Please click here and you will be redirected to a new page.
In this section, a list will appear where you can see all the available trading accounts that the broker offers to its clients. Please check the bottom left corner you will see an “Open Account” button in the “Standard” section.
Click the button and then a new page will appear where you need to choose your preferred trading terminal, leverage, and your account currency.
Please select your desired values here and click on the “Open Account” button. Isn’t it easy? You have successfully registered a trading account and you will be notified via an email containing all of your credentials and server information. Please have a look in your registered mailbox.
Features
Here the word “Standard” refers to the Forex lot. There are three types of lots available in forex trading which are Mini, Micro, and Standard Lot.
You may think what are those? We have already discussed this in detail on our website. Please refer to this link -> to learn more about Lot calculation.
A standard account is ideal for traders looking for a traditional trading experience. The Standard account offers ultra-competitive spreads without any commissions. At FBS, you are free to select the amount of leverage you want (up to 1:3000), and you are welcome to benefit from our attractive bonuses, such as the Level Up Bonus, which gives you a free $100 and 100% Deposit Bonus that doubles your initial deposit.
The Standard account supports the following trading instruments:35 currency pairs, 4 metals, Indices, and 33 stocks. At FBS, you can open a Standard account on MetaTrader4. If you want to test the account first, feel free to try a demo version!
To open the Standard account at FBS, you need to make an initial deposit of $100 only – less than you pay for your first date! Here we have highlighted some key features of the standard account.
| Features | Standard Account |
|---|---|
| Minimum deposit | $100 |
| Leverage up to | 1:3000 |
| Spread from | Floating 0,5 pip |
| Commission | 0 |
| Maximum Order Counts | 200 |
| Execution Time | from 0,3 sec, STP |
| Registration Link | Account Registration |
Pros & Cons
So let’s start with the pros first.
- The required amount is as low as $100 to start. It is often suitable and affordable for most traders, especially for the experienced ones.
- This account is specially designed for professionals who want to trade in the traditional environment.
- The Broker does not make any charges except the spread. That means all of the commission or swap fees will not apply to your trading.
- You can use any promotional offers that the broker offers. Such as 100% Deposit Bonus, Level Up Bonus, Cashback Offer
Now it’s time to be clear about some cons of the FBS Standard Trading Account.
- This account is not suitable for newbies.
- The required investment is relatively higher compared to other brokers.
- As this is a standard lot account your Profit or Loss is relatively higher compared to other account types. So, risk management and proper money management are important.
- Spreads are relatively higher than other trading accounts. The broker offers a floating spread option which will start from 0 pip to 5 pips.
Account Comparison
Standard Account Vs Cent Account
| Account Types | Standard | Cent |
|---|---|---|
| Minimum deposit | $100 | $1 |
| Leverage up to | 1:3000 | 1:1000 |
| Commission per lot/ side | N/A | N/A |
| Spread from | Floating 0,5 Pip | Fixed 1 Pip |
| Maximum Order Counts | 200 | 200 |
| Execution Time | from 0,3 sec, STP | from 0,3 sec, STP |
Standard Account Vs Micro Account
| Account Types | Standard | Micro |
|---|---|---|
| Minimum deposit | $100 | $5 |
| Leverage up to | 1:3000 | 1:3000 |
| Commission per lot/ side | N/A | N/A |
| Spread from | Floating 0,5 Pip | Fixed 3 Pip |
| Maximum Order Counts | 200 | 200 |
| Execution Time | from 0,3 sec, STP | from 0,3 sec, STP |
Standard Account Vs Zero Spread Account
| Account Types | Standard | Zero |
|---|---|---|
| Minimum deposit | $100 | $500 |
| Leverage up to | 1:3000 | 1:3000 |
| Commission per lot/ side | N/A | $20/lot |
| Spread from | Floating 0,5 Pip | Fixed 0 Pip |
| Maximum Order Counts | 200 | 200 |
| Execution Time | from 0,3 sec, STP | from 0,3 sec, STP |
Standard Account Vs ECN Account
| Account Types | Standard | ECN |
|---|---|---|
| Minimum deposit | $100 | $1000 |
| Leverage up to | 1:3000 | 1:500 |
| Commission per lot/ side | N/A | $6/lot |
| Spread from | Floating 0,5 Pip | Floating -1 Pip |
| Maximum Order Counts | 200 | No Limits |
| Execution Time | from 0,3 sec, STP | from 0,3 sec, STP |
Recommendation: As we have said earlier, this trading account is specially designed for professionals. The broker requires $100 to start but we always recommend depositing a larger amount to start trading, at least $1500-$3000.
So if you can afford to deposit this amount then you can start trading otherwise our suggestion is to choose either a Micro or Cent account. On the other hand, if you can effort to deposit then you will get the traditional trading experience because a standard lot account is the most popular and widely used by professionals.
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