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.
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.
Who is a dealer?
Dealers are individuals or companies that buy and sell securities for their personal accounts. Just like ordinary traders, they buy securities at a lower bid price and sell them at a higher ask price. However, for dealers this is part of their regular business. They set these prices on their own even though the actual market price of assets may be quite different. Dealers are important for the trading market as they encourage its liquidity and keep the spread between bid prices and ask prices in check.
Due to the nature of dealing activities, there’s a chance that some dealers may take advantage of traders by marking up ask prices. So in order to avoid this, many countries have agencies regulating dealing, such as the U.S. Securities and Exchange Commission (SEC).
Dealers vs Brokers
You can use the services of both parties in order to buy or sell assets on the trading market. The difference is that brokers don’t buy securities for their personal accounts. They arrange deals between sellers and buyers and get a commission from such deals.
Dealers, on the other hand, trade the securities they own. They make a profit from the difference between a bid price and an ask price. This means that their goal is to sell securities for a high price. Despite this, their services are useful when you need to sell or buy securities as soon as possible.
2022-09-19 • Updated