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FBS

FBS Bonus Program Review | How to get bonus?

This article explains about FBS bonus program.

FBS became famous after becoming a sponsor of FC Barcelona, but even before that, it has been supported by traders all over the world due to its narrow spreads and good trading conditions.

Another reason for its popularity is that FBS’s original trading app, rather than MetaTrader, is fairly easy to use and offers free copy trading.

As of March 2021, FBS offers 100% deposit bonus program.

By utilizing the bonus, you can start trading with a small amount of money, reduce the risk and aim for a large profit.

In this article, I will explain in detail the types and characteristics of bonuses offered by FBS, how to receive them, and points to note.

You can learn by this article;
  • Types and characteristics of bonuses offered by FBS
  • How to receive and utilize FBS bonus
  • Notes on FBS bonus

What is Bonus program?

This is common not only to FBS but to all Forex brokers, bonuses generally refer to the following.

  • By meeting certain conditions such as opening an account and making a deposit
  • To receive “money” that can be used as margin

It is difficult to express this “money”, and I think that it is difficult for beginners to understand.

Generally, bonuses are added to the “credit” frame in MetaTrader (MT4, MT5).Strictly speaking, this is not “cash” and you cannot withdraw this.

On the other hand, the money you deposit for trading funds falls into the “balance” frame.

Margin required for Forex trading is calculated by balance + credit.

This means that the bonus cannot be withdrawn by itself, but can be used as margin.

Benefits of getting a bonus

The benefits of receiving a bonus are:

  • You can start trading just by opening an account without making a deposit.
  • Because the margin increases, you can aim for a big profit even with a small deposit amount.
  • You can trade with less funds by using the deposit bonus.
  • The real spread can be narrowed by the amount of the bonus.

As the margin increases, you can trade with less risk.

In other word, for example, with a 100% deposit bonus, you can take 2 times the risk with the same amount of funds.

Regardless of the way of thinking, from the perspective of risk and return, even if you take the same risk, you can expect a larger return.

Also, regarding the real spread at the end, if you get a bonus, the input cost per trading unit will be lower, so you can think that the real spread (transaction cost) will be narrower (cheaper).

However, in the case of FBS, the spread of some stocks (such as European currencies) is narrower.(EURUSD, etc.)
Not many brokers offer bonuses and even narrower spreads.

You can also take advantage of bonuses to make a better trading environment.

Disadvantages of getting a bonus

Regard to disadvantage, but there is nothing in particular.

The point is that you need to be careful not to get freeze your account or refuse to withdraw because it is considered a trade that abuses your bonus.

This is a violation of the rules, so of course you shouldn’t do it, but it seems that some people do it innocently.

Examples of bonus abuse are as follows.
  • Repeatedly earn account opening bonuses in the name of another email address, family member
  • Having cross orders in accounts

FBS offers negative balance protection (NBP) system.

This is a system that returns the balance to zero without generating margins or borrowing even if the balance becomes negative.

You can make a profit by abusing the bonus and NBP system.

For example, let’s say you want to trade the same currency pair on both sides (cross order) with full leverage and the maximum lot limit.

If the market moves to either side, one may be negative and meet the stop out, but the other will be profitable.

The negative one will automatically be a stop out, but since there is NBP system, it will not be a loss.

If you close the position that has unrealized profit, it will be profit.
This is clearly an abuse of the bonus.

Your account will be frozen.

FBS Bonus Types

Now, let’s take a closer look at the FBS bonus program.

FBS offers a 100% deposit bonus.

FBS used to offer Trade 100 Bonus, an account type that gives you a $ 100 account opening bonus, but it’s no longer available.

In addition to the bonus program, FBS also offer a cashback service.

Below is a list of them.

Bonus typeBonus amountRemark
FBS Non-Depost Bonus$100No longer available
FBS 100% Deposit BonusMax $10,000
Cash backMax $15 / lot

From here, I will explain in detail the 100% deposit bonus of FBS that is always offered.

FBS 100% Deposit Bonus

FBS deposit bonus is a bonus that you can get according to the deposit amount when you deposit to your account.

FBS offers 100% deposit bonus program.

This means that a 100% (same amount you deposit) bonus will be given into your account.

For example, if you deposit $100, a 100% deposit bonus of $100 will be given, and the total margin will be $200.

The maximum deposit bonus is $10,000.This is quite big.

There is no limit to the number of times the FBS deposit bonus can be given.

Depending on the forex broker, there is a broker that gives deposit bonus for only the first time deposit, so the conditions of the FBS deposit bonus are very good.

Even if you make frequent deposits of $100, you will receive an additional $100 yen deposit bonus each time, and if you deposit $10,000 at once, you will also receive $10,000 deposit bonus.

How to receive FBS deposit bonus

You need to contact support after deposit.

Please contact FBS support via live chat or email (support@fbs.com).

Expiration date is 30 days after payment

FBS deposit bonus expires 30 days after deposit.

Don’t forget to contact support after depositing.

After depositing, if the balance decreases, bonus will not be paid

Apply for the FBS deposit bonus before you start trading with the margin you have deposited.

If you trade and your balance is less than the amount you deposited, you will not be eligible for the deposit bonus.

It doesn’t matter if you make a profit and increase it, but before you start trading, apply for a deposit bonus first.

FBS deposit bonus is not available in all type of account

The following four types of accounts can receive the FBS deposit bonus.

  • CENT Account (MT4)
  • MICRO Account (MT4)
  • STANDARD Account (MT4)
  • ZERO SPREAD

ECN accounts are not eligible for bonuses.

Even if you have a cent account or standard account, if you select MT5 as the trading platform, you will not be eligible for the bonus.

FBS deposit bonus can be obtained with additional account

You can also get the FBS deposit bonus with an additional account.

If you accidentally open an account that does not receive a deposit bonus, or if you select MT5, which is a standard account, you can get a deposit bonus by creating an additional account.

The maximum FBS deposit bonus is the total of all accounts

You can get the FBS deposit bonus with an additional account, but the maximum deposit bonus of $10,000  is the total of all accounts.

You do not get $10,000 for each account.

All profits earned from bonuses can be withdrawn

In FBS, you can trade with bonuses, and if you make a profit, you can withdraw it in full.

You can withdraw the FBS deposit bonus itself

Generally, the bonus itself cannot be withdrawn and is calculated as a margin, but in FBS you can withdraw if certain conditions are met.

This is very rare.

The condition is the trading volume.

If you trade 1 lot, you can withdraw 1 dollar of deposit bonus.
If $100 deposit bonus, it is 100 lots.

Trading 100 lots is quite difficult, so you should think about it as an option.

The maximum leverage of deposit bonus applicable accounts is limited to 500 times

Applying the FBS deposit bonus will automatically limit your maximum leverage to 1:500.

FBS offers 1:3000 higher leverage, but if you get a deposit bonus, it will be 1:500.

However, FBS automatically limits leverage depending on the margin balance.

You can trade with a high leverage of 1:3000 times with a margin of up to $200.
If it exceeds $200, it will be 1:2000 up to $500.
If it exceeds $500, it will be 1:500.

It’s only $500 that limit leverage as 1:500, so you don’t need mind it.
Give priority to getting a bonus.

Margin level is calculated exclude bonus

FBS does not include bonus in the margin level calculation.

The bonus is added to the margin, but not included in the margin level.

This may be a little confusing for beginners.

There is no problem if there is unrealized profit, but FBS stop out level (20%) is calculated only by the balance.

As much as 100% deposit bonus is given, so if you trade in a lot full of high leverage in good condition, you may hit the stop out immediately. Please be careful.

The bonus disappears when the account balance is less than 30% of the deposit bonus

What this means is that if your balance is less than 30% of your deposit, your bonus will disappear.

As mentioned above, FBS does not include the deposit bonus in the margin level calculation, but it means that the bonus will disappear if you first cut below 30% before reaching the 20% stop out level.

Summary

How was it?

To be honest, the FBS deposit bonus is a little quirky.

Bonus credit is not included in the calculation of the margin level, the bonus disappears when the unrealized loss becomes large.

However, you can increase the margin, so please make good use of it and trade with less risk.

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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].