FBS Accounts Type Comparison: What Trading Account should I Choose?

FBS Trading Accounts Comparison

 

Account comparison	CENTACCOUNT	MICROACCOUNT	STANDARDACCOUNT	ZERO SPREADACCOUNT	ECNACCOUNT
Initial deposit	from $1	from $5	from $100	from $500	from $1000
Spread	Floating spread from 1 pip	Fixed spread from 3 pips	Floating spread from 0,5 pip	Fixed spread 0 pip	Floating spread from -1 pip
Commission	$0	$0	$0	from $20/lot	$6
Leverage	up to 1:1000	up to 1:3000	up to 1:3000	up to 1:3000	up to 1:500
Maximum open positions and pending orders	200	200	200	200	No trading limits
Order volume	from 0,01 to 1 000 cent lots (with 0,01 step)	from 0,01 to 500 lots (with 0,01 step)	from 0,01 to 500 lots (with 0,01 step)	from 0,01 to 500 lots (with 0,01 step)	from 0,1 to 500 lots (with 0,1 step)
Market Execution	from 0,3 sec, STP	from 0,3 sec, STP	from 0,3 sec, STP	from 0,3 sec, STP	ECN
	OPEN ACCOUNT	OPEN ACCOUNT	OPEN ACCOUNT	OPEN ACCOUNT	OPEN ACCOUNT

All account types, except ECN account, support the following trading instruments: 35 currency pairs, 4 metals, Indices.

• For MT4: 35 currency pairs, 4 metals
• For MT5: 35 currency pairs, 4 metals, 11 indices, 3 energies, 66 stocks

Cent Account
Cent account is the best choice for those who only start learning what trading is and how it works. With a Cent account, you can start trading even with a $1 deposit, and you will not have any commission. This type of account has leverage up to 1:1000, which means that you can control $10 while having just 1 cent. Besides, a Cent account has a floating spread from 1 pip and includes our best bonuses, such as Trade 100 Bonus, Quick Start bonus, and 100% Deposit bonus.

Micro Account
The next account that FBS offers its clients is a Micro account. A Micro account provides users with increased leverage up to 1:3000 and offers a fixed spread from 3 pips. This account is also commission-free, and the number of maximum open positions and pending orders on it is 200, as in a Cent account. To open a Micro account, you need to deposit $5, and thats it!

Standard Account
Standard accounts are usually the most common and flexible account types. To open a Standard account at FBS, you need a bigger deposit – $100. However, the spread on it is floating and starts from 0,5 pip. No commission, again, and the leverage is up to 1:3000.

Zero Spread Account
A Zero spread account is the best choice for those who prefer fast trading and dont want to pay the spread. The initial deposit here is $500, with a fixed spread from 0 pip (as it comes from the name), and a commission from $20 per lot. Leverage is 1:3000, with a market execution from 0,3 second.

ECN Account
Last but not least is an ECN account. It is the best choice for those who want to feel the full power of trading with ECN technologies. This account type allows buyers and sellers to trade without intermediates. Its main advantage is the fastest market execution, positive spread, and many liquidity providers. There is also no limit to the maximum number of orders, and all trading strategies are allowed.

Sometimes it is not that easy to understand which account is better for you. For this reason, we decided to compare the accounts which have many things in common but, at the same time, have significant differences.

Cent vs. Micro Account

It may seem that the difference between Micro and Cent accounts is negligible. Although the initial deposit in both accounts is small – $1 in a Cent account, and $5 in a Micro, there are some meaningful differences. Firstly, a Cent account offers users a floating spread from 1 pip when a Micro account offers a fixed spread from 3 pips. Secondly, on a Cent account, the leverage is up to 1:1000, but on a Micro Account, it is 1:3000.

Both accounts support all bonus programs and the following trading instruments: 35 currency pairs, 4 metals, 3 CFD.

Cent vs. Standard Account

Cent and Standard accounts are one of the most popular within traders. Lets see in detail what are the main differences and similarities between them.

The first noticeable difference is the initial deposit. You can open a Cent account with $1 in your pocket. However, a Standard account requires at least $100. Although both accounts have no commission for traders and the same number of maximum open positions and pending orders (200), a Standard account offers leverage up to 1:3000. In contrast, a Cent account offers only 1:1000. The spread is different, too: its floating on both accounts, but on a Standard account, it starts from 0,5 pip, and on a Cent one ­– from 1 pip.

Standard vs. Zero Spread Account

First things first, we see a big difference in the initial deposits between those two accounts. You can open a Standard account with a $100 deposit, but to open a Zero Spread account, you must deposit at least $500.

A Zero spread account requires a commission from traders – from $20 per lot when a Standard account has no commission. The leverage (1:3000) and the number of maximum open positions and pending orders (200) is the same at both accounts, but the spread is different: floating from 0.5 pip on a Standard and fixed 0 pip on a Zero Spread Account.

Zero Spread vs. ECN Account

These are the accounts with the biggest initial deposit – $500 on a Zero Spread account and $1000 on an ECN. Both accounts have a commission, fixed $6 on an ECN account, and from $20 per lot on a Zero Spread account. An ECN has the smallest leverage – 1:500, and a Zero Spread account has the biggest one – 1:3000. An ECN offers users no trading limits, but a Zero Spread account has a limit of 200 maximum open positions and pending orders. Finally, an ECN account – offers 25 currency pairs when a Zero spread account provides 35.

At FBS, we know that one size never fits all. This is why we offer a variety of account types to meet the needs of individual traders. Join FBS, open an account, and enjoy the beautiful world of trading!

FAQ of Trading Acocunt

 

What trading account should I choose?

FBS offers various account types designed to meet your needs, including Cent, Micro, Standard, Zero Spread, and ECN accounts with unique trading conditions. For newbies who have no trading experience, we recommend opening a Demo account first, and only after that a Micro or Cent account. For those who are not the first day in trading, we advise opening a Standard account – a classic one. And for real professionals, we suggest a Zero Spread account or ECN account.

What is a trading account?

To start trading on Forex, you must open an account. The primary purpose of trading accounts is to make transactions (open and close orders) with various financial instruments. The trading account is similar to the bank one – you use it to store, deposit, and withdraw money. However, deposits and withdrawals are available only after you verify your account.

How do I start trading?

First, its really important to remember that becoming a successful trader isnt an overnight process. It takes time to become familiar with the markets, and theres a whole new vocabulary to learn. For this reason, legitimate brokers like FBS offer Demo accounts. To open a Demo account, you need to register first. After that, download trading software to open and close your first order.

Why is FBS the best broker for online trading?

FBS is a legitimate Forex broker regulated by the International Financial Services Commission, license IFSC/000102/198, which makes it trustworthy and reliable. We offer our clients the best trading conditions on the market, including different bonuses, convenient trading tools such as Indices trading and Stock trading among trading classic currency pairs, regular promotions, the most transparent affiliate commission up to $80 per lot, 24/7 customer support, and more.

What is Forex trading?

Forex, also known as the foreign exchange market or FX market, is the worlds most traded market, with a $5.1 trillion turnover per day. In simple words, Forex trading is the process of converting one countrys currency into the currency of another country, aiming to make a profit from the changes in its value.