Frequently asked questions
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.
What is ECN trading?
ECN stands for Electronic Communication Network. Brokers that use it offer constant communication between traders and liquidity providers without interfering in their negotiations and agreements. There are various advantages of ECN trading, such as higher bid and lower ask prices, tighter spreads, direct trading, and immediate trade executions.
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 choose an ECN broker?
The best ECN broker is a heavily regulated broker, as it is a trustworthy one. FBS is an entirely legitimate broker regulated by the International Financial Services Commission, license IFSC/000102/124. The main benefits of the ECN account at FBS are the fastest market execution, low spreads (from -1 pip), best quotes with no delay, and a large number of liquidity providers. FBS does not make a profit on spread difference and only charges a commission of $6 per lot instead.