Frequently asked questions
What is Forex trading?
Forex, also known as the foreign exchange market or FX market, is the world's most traded market, with a $5.1 trillion turnover per day. In simple words, Forex trading is the process of converting one country's currency into the currency of another country, aiming to make a profit from the changes in its value.
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, it's really important to remember that becoming a successful trader isn't an overnight process. It takes time to become familiar with the markets, and there's 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 trading account should I choose?
FBS offers various account types designed to meet your needs, including Cent, Micro, Standard, Zero Spread, ECN, and Crypto 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. For real professionals, we suggest a Zero Spread account or ECN account. Finally, for modern traders who prefer digital assets, there is a Crypto account.