How to withdraw the money you earned with FBS?
The procedure is very straightforward. Go to the Withdrawal page on the website or the Finances section of the FBS Personal Area and access Withdrawal. You can get the earned money via the same payment system that you used for depositing. In case you funded the account via various methods, withdraw your profit via the same methods in the ratio according to the deposited sums.
How to open an FBS account?
Click the ‘Open account’ button on our website and proceed to the Personal Area. Before you can start trading, pass a profile verification. Confirm your email and phone number, get your ID verified. This procedure guarantees the safety of your funds and identity. Once you are done with all the checks, go to the preferred trading platform, and start trading.
How to start trading?
If you are 18+ years old, you can join FBS and begin your FX journey. To trade, you need a brokerage account and sufficient knowledge on how assets behave in the financial markets. Start with studying the basics with our free educational materials and creating an FBS account. You may want to test the environment with virtual money with a Demo account. Once you are ready, enter the real market and trade to succeed.
In the Forex market, you buy and sell in currency pairs. The first currency in the pair is a base currency, and the following - a quote currency. When you place an order for a currency pair, you buy the base currency and sell the quote one.
The most tradeable and liquid pair is EUR/USD. The country codes stand for euros and US dollars, and a price quotation between them follows the pair. Let’s see how you should understand the quote. For example, EUR/USD= 1.122 means that you can exchange 1 euro for 1.122 US dollars.
The major currency pairs always contain USD and are considered to be the most popular in Forex. Minor currency pairs or crosses do not involve US dollars yet staying liquid (EUR/GBP, GBP/JPY, and EUR/CHF). Exotic currency pairs offer wider spreads but deal with less popular and more volatile global currencies. If you are no expert, do not try trading exotics.
2023-05-26 • Updated