The FBS minimum deposit requirement is $1 for all trading accounts, except the Pro option, which requires $1,000.
The FBS Minimum Deposit Overview
MinimumDeposit | FBS | Axi | InstaForex | Tickmill | Admirals |
|---|---|---|---|---|---|
Commission-Free | $1 | $0 | $1 | $100 | $100 |
Commission-Based | $1 | $0 | $1 | $100 | $100 |
FBS Minimum Deposit - Pros & Cons
Before committing the FBS minimum deposit, traders should consider the pros and cons.
The pros of the FBS minimum deposits are:
- Segregation of client deposits from corporate funds.
- 12+ years of experience, compliant with two regulators, and 16+ million traders.
- No internal deposit fees.
- Low FBS minimum deposit requirement.
The cons of the FBS minimum deposits are:
- The availability of payment processors has geographic restrictions.
How to Make a Deposit with FBS
The FBS minimum deposit functions similarly to most online banking via the secure and user-friendly FBS Personal Area. Traders can deposit using bank wires, credit/debit cards, Skrill, Neteller, STICPAY, and Perfect Money. Geographic restrictions may apply, but the Personal Area will only list available payment processors. Only verified traders can deposit, and the name on the payment processor must match that of the FBS account.
The FBS minimum deposit is only $1, except for $1,000 for the Pro account, allowing traders complete flexibility in building their portfolios. FBS only offers USD and EUR accounts but will convert bank wires and credit/debit card deposits in unsupported currencies free of currency conversion fees.
FBS Deposit Fees and Deposit Methods
FBS does not charge internal deposit fees, meaning if a trader makes a $100 deposit, FBS will credit $100 to the relevant FBS account. Traders may face third-party payment processor costs or currency conversion fees and should contact their payment processor for details.
FBS deposit methods, processing times, and limitations:
Deposit Method | Processing Time | Deposit Currencies | Minimum Single Deposit | Maximum Single Deposit | WithdrawalOption |
|---|---|---|---|---|---|
Bank wires | Five to seven days | All fiat currencies | $1 | Undisclosed | Yes |
Credit/debit | Instant to two hours | All fiat currencies | $1 | Undisclosed | Yes |
Skrill | Instant to 48 hours | USD, EUR | $1 | Undisclosed | Yes |
Neteller | Instant to 48 hours | USD, EUR | $1 | Undisclosed | Yes |
STICPAY | Instant to 48 hours | USD | $1 | Undisclosed | Yes |
Perfect Money | Instant to 48 hours | USD | $1 | Undisclosed | Yes |
Noteworthy:
- The FBS deposit screen lists all available payment methods, depending on the depositor’s country geographic restrictions will apply.
- Withdrawals must be returned via the same method as used in the deposit, especially for the initial deposit.
- Traders using multiple deposit payment processors must withdraw in proportional amounts to the processors in turn.
FBS deposit methods vs. similar brokers
DepositMethods | FBS | Axi | InstaForex | Tickmill | Admirals |
|---|---|---|---|---|---|
Bank wires | Yes | Yes | Yes | Yes | Yes |
Credit/debitcards | Yes | Yes | Yes | Yes | Yes |
Skrill | Yes | Yes | Yes | Yes | Yes |
WebMoney | No | No | Yes | Yes | No |
ChinaUnionPay | No | Yes | No | Yes | No |
PerfectMoney | Yes | No | Yes | No | No |
Othere-wallets | Yes | Yes | Yes | Yes | Yes |
LocalizedMethods | No | Yes | Yes | No | No |
Crypto-currencies | No | Yes | Yes | No | No |
FBS Deposit Currencies
Traders must know the difference between account ‘base’ and ‘deposit’ currencies to avoid confusion and potentially incurring currency conversion fees. The former is the denomination or core base currency of the trading account, and the latter are currencies available for deposits only through payment processors.
FBS supports the following base currencies:
- US Dollar
- Euro
Noteworthy:
- FBS does not levy an internal currency conversion fee and converts unsupported currencies at existing market rates.
FBS trading account currencies vs. similar brokers.
AccountCurrencies | FBS | Axi | InstaForex | Tickmill | Admirals |
|---|---|---|---|---|---|
US Dollar | Yes | Yes | Yes | Yes | Yes |
Euro | Yes | Yes | Yes | Yes | Yes |
British Pound | No | Yes | No | Yes | Yes |
Swiss Franc | No | Yes | No | No | Yes |
AustralianDollar | No | Yes | No | No | No |
Others | No | Yes | Yes | No | Yes |
Total | 2 | 10 | 3 | 3 | 10 |
Steps for Sending the FBS Minimum Deposit
FBS only allows verified traders to make the FBS minimum deposit. Uploading a copy of their government-issued ID and one proof of residency document should satisfy verification requirements.
Here is a step-by-step guide to sending your FBS minimum deposit:
1. Log into the FBS Personal Area, navigate to “Finances,” and click “Deposit.”
2. Choose your desired payment processor, click “Deposit,” specify your trading account deposit amount, and confirm your deposit details.
3. FBS notifies clients once it credits the deposit.
FBS Minimum Deposit Bottom Line
The FBS minimum deposit is $1, except for the $1,000 requirement for a Pro account. FBS supports six payment processors and offers USD and EUR as account base currencies. There are no internal FBS deposit or currency conversion fees. For additional info. On FBS, read our in-depth FBS Review. FBS deposit methods are bank wires, credit/debit cards, Skrill, Neteller, STICPAY, and Perfect Money. The FBS minimum deposit is $1, except for the Pro account, which requires $1,000. Yes, FBS offers a no-deposit bonus during promotional periods.FAQs
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