I live in Thailand since 2016. I trade using the accounts of several Forex Brokers. I try to provide simple information based on my actual experience. For others, see [Profile].
FBS

FBS All Account Types | Which account is the best for you?

*As of January 2021, FBS has stopped to offer Trade 100 Bonus account.

Introducing the account types of FBS.

FBS is a sponsor of FC Barcelona and is a very famous and popular forex broker in the world. The trading conditions are not bad, and it is also known that the bonus is very luxurious, such as always implementing a 100% deposit bonus.

FBS offers a total of eight account types.

FBS Account Types
  • CENT MT4
  • MICRO
  • STANDARD MT4
  • ZERO SPREAD
  • ECN
  • CENT MT5
  • STANDARD MT5
  • Trade 100 Bonus

In this article, after thoroughly comparing each account type based on specifications and trading conditions, I will clarify the characteristics and precautions for each account type and explain which account is suitable for what kind of trader.

Of the above account types, the Trade 100 Bonus account is a dedicated account for the account opening bonus for 50 days only, so I will explain 7 types of accounts excluding this.

A little more complicated is that only Cent account and Standard account have both of MT4 and MT5 version, and the conditions are slightly different.

This article is recommended for people like
  • I want to know FBS account types.
  • I want to know specifications and conditions of each account.
  • I’m not sure which account type is the best for me.

FBS All Account Types

First, let’s compare the all account types offered by FBS, excluding Trade 100 Bonus account.

The color of the part that seems to be a point has been changed.

Let’s take a quick look at what kind of specifications and conditions are different.

CENTMICROSTANDARDZERO SPREADECNCENT MT5STANDARD MT5
MethodSTPSTPSTPSTPECNSTPSTP
PlatformMT4MT4MT4MT4MT4MT5MT5
Base currencyUSD,EURUSD,EUR,JPYUSD,EUR,JPYUSD,EUR,JPYUSD,EURUSD,EURUSD,EUR,JPY
Contract size1 lot = 100,0001 lot = 100,0001 lot = 100,0001 lot = 100,0001 lot = 100,0001 lot = 100,0001 lot = 100,000
Min trade volume0.01 lots0.01 lots0.01 lots0.01 lots0.1 lots0.01 lots0.01 lots
Max leverage1:10001:30001:30001:30001:5001:10001:3000
Margin call40%40%40%40%40%40%40%
Stop out20%20%20%20%20%20%20%
NBP
Min spread1.0pips~(Floating)3.0pips~(Fixed)0.5pips~(Floating)0.0pips(Fixed)-0.1pips~(Floating)1.0pips~(Floating)3.0pips~(Fixed)
Commission feeXXXFrom round $20/lotRound $12/lotXX
Lot restriction per ticket1000 lots500 lots500 lots500 lots500 lots1000 lots500 lots
Max orders200 positions200 positions200 positions200 positions200 positions200 positions200 positions
Deposit bonusXXX
Cash backXXX
Min deposit$1$5$100$500$1000$1$5
EA
Scalping
Stop level0.1pips(EURUSD)0.1pips(EURUSD)0.1pips(EURUSD)0.1pips(EURUSD)0.1pips(EURUSD)0.1pips(EURUSD)0.1pips(EURUSD)
Trade productsAllAllAllAllOnly currency pairsallall

Characteristics of each account type

I will briefly explain the characteristics of each account type.

First of all, the MT5 version of the cent account and standard account cannot receive any bonus.

The MT4 version will get a bonus.

The trading conditions are exactly the same for both MT4 and MT5 versions, so there is not much reason to choose an MT5 version account except for those who do not need a bonus but absolutely want to use MT5.

FBS CENT Account

The FBS cent account is positioned for beginners a little more than the standard account described later.

The maximum leverage is 1:1000, lower than the standard account, but it’s still high leverage.
The minimum deposit is $1, which makes it easy to start.

Conversely, there aren’t many benefits other than being able to start with a $1 deposit.

FBS CENT account
is recommended for traders like;
  • Want to start with small margin

FBS CENT MT5 Account

MT5 version of CENT account.

Trading conditions are same as CENT account.

The only difference is that MT5 cent accounts are not eligible for the bonus.
Not only deposit bonus, but also cash back.

Honestly, I think it’s an account type that doesn’t have much value.

FBS CENT MT5 account
is recommended for traders like;
  • Want to start trading with small margin
  • Want to use MT5 even cannot get any bonus

FBS MICRO Account

FBS MICRO account is an account that can be traded with ultra-high leverage of 3000 times, which is the biggest feature of FBS.

You can start with a small amount of money, with a minimum deposit of $5.

However, the spread is very wide. At least 3.0 pips, which is terrible.

Honestly, this is an account type that I cannot recommend at all.
I don’t understand what kind of trader will use it.

FBS MICRO account
is recommended for traders like;
  • I don’t recommend it at all. No value.

FBS STANDARD Account

The FBS standard account is quite standard level.

You can also trade with ultra-high leverage of 1:3000, which is the biggest feature of FBS.

The minimum spread is 0.5 pips, which is narrow, so if you are trading on FBS for the first time, I strongly recommend that you should open a standard account first.

FBS STANDARD account
is recommended for traders like;
  • Want to take advantage of FBS’s luxurious bonus and cash back
  • Opening an account with FBS for the first time

FBS STANDARD MT5 Acount

MT5 version of FBS STANDARD account.

Like CENT account, the conditions are almost the same as MT4 version of STANDARD account, but with MT5 you cannot receive any bonus.

It is an account with almost no value except for those who absolutely prefer MT5 to MT4.

If you are happy with the trading conditions of your standard account, don’t hesitate to choose MT4 version.

FBS STANDARD MT5 account
is recommended for traders like;
  • Want to use MT5 even cannot get any bonus

FBS ZERO SPREAD

FBS Zero Spread Account is a very unique account.
As the name implies, the spread is fixed at zero. It is always zero.

However, although the zero spread account uses the STP method, transaction fees will be charged.
At least $20 per lot. Some stocks can cost up to $ 100 or more.
It’s quite expensive.

Also, some minor currencies may not be tradeable.

Therefore, it can be said that this is also an account that is not very useful.

FBS ZERO SPREAD account
is recommended for traders like;
  • I don’t recommend to any traders. Too high fee.

FBS ECN Account

The FBS ECN account is the only ECN method account in FBS.

The commission fee is $12 for a round trip per lot, which is slightly higher than other forex brokers.

However, the spread is extremely low, at least -0.1 pips (minus), but even if we consider this, the fee is quite high in forex broker standards.

There are two main points to note.

First, you canno get any bonus with ECN account.

Both deposit bonus and cash back are not applicable.

Second, only currency pairs can be traded.

CFDs such as stock indexes, energy and metal cannot be traded.

In addition, the minimum deposit amount is $1000, which is a little high.

From the above, FBS’s only ECN account is not at a highly recommended level.

FBS ECN account
is recommended for traders like;
  • I don’t recommend ECN account. No value.

Common Conditions of All Account Types

In addition, I will introduce the specifications that are common to all account types.

FBS Trading Platform

It depends on account type, you can choose both of MT4 and MT5.

However, as mentioned above, there is not much reason to choose an account that can use MT5, so please think that you will use MT4 in FBS.

FBS Stop Out Level

Stop out level is 20%.
And margin call is 40%.

FBS Negative Balance Protection System

Of course, NBP applies to all accounts.

Does FBS allow to use EA (Expert Advisor) tool?

Yes, you can use any EA on FBS.

Does FBS allow scalping trading?

FBS does not prohibit scalping trading.

The stop level is very low for all account types, and it can be said that it is rather suitable for scalping.

For example, EURUSD is 0.1pips.

It is very suitable for scalping where profits are accumulated steadily with a fine price range.


The FBS stop level is summarized in detail in the separate article “FBS Stop Level | Conditions for Scalping, Stop/Limit Orders“, so please refer to that as well.

FBS Stop Level | Conditions for Scalping, Stop/Limit OrdersI will explain the stop level of FBS. If the stop level is too wide, it is disadvantageous for trading. You lose the opportunity to make a profit because limit orders and stop limit orders do not be placed. I will also introduce the stop levels of major currencies....

The most recommended FBS account type is “STANDARD MT4”

If you get lost, I strongly recommend to use STANDARD account (MT4).

One of the reasons is that many of the other account types have some difficulties, so the options are limited to standard accounts, but even if you look only at the specifications of standard accounts, it is not a bad thing.

You can also create additional accounts on FBS, so it’s a good idea to first open STANDARD MT4 account, trade for a while, and if you don’t like it, create additional accounts and try them out.

Summary

How was that?

If you haven’t opened an XM account yet, please open an account by referring to the separate article “How to open FBS account“.

FBS | How to Open an AccountPerfect explanation of how to open an trading account. What is the steps? What kind of document is needed for PLE and POA? You can know all and open an account within 3 minutes! ...

\Just 3 minutes!!/
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ABOUT ME
KandA
KandA
I live in Thailand since 2016. I trade using the accounts of several Forex Brokers. I try to provide simple information based on my actual experience. For others, see [Profile].