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 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 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 activate Level Up Bonus?
Open Level Up Bonus account in web or mobile version of FBS Personal Area and get up to $140 free to your account.
What is a lot?
A lot is a term used to describe the standardized number of units of a traded asset.
How does a lot work?
Market players use lots for purchasing and selling financial instruments. Traditionally for the stock market, 100 shares comprise one lot (a round lot). In fact, round lots can have numbers of shares that can be divided by 100.
However, there are also odd lots and mixed lots. Odd lots have less than 100 shares, and mixed lots have more than 100 shares, but whatever number it is, it cannot be divided by 100.
When trading, an individual can choose a lot size they can offer since buying one full lot can sometimes get too expensive. For instance, a stock lot equals 100 shares. Such a lot is called a round lot. But you don’t have to purchase the whole round lot. Instead, you can buy any number of shares from that lot going for 0.5 lot, 0.1 lot, or even 0.01 lot.
More information on lots is available in this video lesson by the FBS analyst team.
Types of lots
Bond market lots
Dominated by institutional investors, the bond market allows them to buy debt from bond issuers in large sums. Typically, a lot size for the bond market is $1 million; however, there can also be $100 000 lots.
Options contracts lots
As for options contracts, one option lot equals 100 shares. This type of standardization lets investors know the exact number of units they are buying with each contract. Without such standardization, trading options would be a much harder task.
Futures market lots
In the futures market, lots are called contract sizes. Anything can go as an asset for a futures contract: equity, a bond, interest rates, commodity, index, currency, etc. For that very reason, the contract size will vary according to the type of traded contract.
Unlike stocks or bonds, the standard futures and options lot size is fixed and non-negotiable. But the thing is that those involved in trading forward contracts can customize the lot size of traded contracts because those are non-standardized contracts created by the parties involved.
Forex lots are divided into three lot sizes: micro, mini, and standard. A micro lot in Forex is 1 000 of the base currency; a mini lot contains 10 000; a standard lot is 100 000. When trading currencies via the Forex market, the smallest trade size will be 1 000.
2022-06-07 • Updated