Did you know that you can make extra income and get rewards from your broker aside from trading? Here's everything you need to know about FBS Loyalty program.
Today, there are hundreds of brokers on the market and all of them are actively competing to get more clients. One way to get your attention is by offering competitive bonuses that you can earn once you become a client. Such bonuses can come in various forms, such as deposit and trading bonuses, loyalty programs, cashbacks, and so on. As a trader, it's important to know about these programs so that you can decide which broker has the most generous offer.
Loyalty program is a type of bonus that's given to clients as a reward for their loyalty. The amount of bonus usually depends on how much you trade and sometimes use the broker's service. In other words, the more you trade, the higher your rewards will be. Most major brokers offer this type of bonus in order to build a better relationship with their clients by appreciating their loyalty. The goal is to basically retain old clients and attract new ones at the same time.
What's in FBS Loyalty Program?
FBS is a top global broker that has over 23,000,000 clients and 41,000 partners from more than 150 countries worldwide. The broker offers some of the best trading conditions in the industry, along with plenty of educational materials, cutting-edge technologies, and a wide range of tradable instruments. It is a reliable and fully regulated broker that suits all types of traders, from rookies to professionals.
Since 2009, the action of FBS Holding Inc. or known as FBS in the world of forex trading has been recognized by various international institutions. With clients reaching 14 million as of 2019, FBS has received the title of Most Transparent Forex Broker 2018, Best Investor Education 2017, Best Customer Service Broker Asia 2016, IB FX Program, and many others.
FBS is regulated by FSC Belize and CySEC Cyprus. This broker has been trusted by millions of traders and 370 thousand partners from various countries. Based on their data, FBS garners about 7,000 new traders and partner accounts every day. And, 80% of the clients stay in the FBS for a long time. No wonder the broker is growing rapidly due to the incredible growth in the number of clients.
Trading products offered by FBS range from forex, CFD, precious metal, and stock. For forex trading, CySEC-regulated FBS offers leverage up to 1:30 on Cent and Standard Accounts. Clients who want to try higher leverage than that can alternatively register an account under FBS Belize.
FBS spread begins from 0.5 pips for Pro account type and from 0.7 pips for Standard and Cent accounts. On a standard account, volume orders can be made from 0.01 to 500 lots. Therefore, this account is recommended for experienced traders.
Whereas on Cent Accounts, volume orders can be carried out with a maximum of 500 cent lots or the equivalent of 5 standard lots. Cent Accounts involve a different level of risk. FBS recommends Cent Accounts for beginner traders. All account types support the following trading instruments: 36 Forex pairs, 8 metals, 3 energies, 11 indices, 127 stocks, 5 crypto pairs.
Before plunging into the real forex market, traders can practice with FBS Demo Account which consists of two types, i.e Standard and Cent.
FBS uses the MetaTrader 4 and MetaTrader 5 platforms. They offer them on Windows and Mac as well as Android and iOS mobile. These platforms provide a trading experience at traders' fingertips, allowing traders to progress as a trader anywhere at any time.
MetaTrader platforms also have a variety of mainstay features, including the possibility to create, buy, and use expert advisors (EA) and scripts, One-click trading and embedded news, technical analysis tools, the possibility to copy deals from other traders, hedging positions, and VPS service support.
Another advantage provided by FBS is a deposit bonus of 100% for clients who fulfill certain requirements. The process of FSCing and withdrawing funds can be run easily and quickly. Based on clients' testimonies, each process usually takes no more than 3-4 hours, except on holidays.
Traders also have the opportunity to develop a side business when trading with FBS, namely as an Introducing Broker (IB) or Affiliate. The FBS partnership system provides partner commissions that are already in 3 level positions. Only by introducing new clients to FBS according to certain procedures, traders can earn extra income.
Traders will also get trading education experience at FBS. They have prepared a comprehensive forex course. The course consists of 4 levels: beginner, elementary, intermediate, and experienced. Traders can take courses that will turn them from newbies to professionals. All materials are well-structured. Besides, FBS provides various forex analyzes, webinars, forex news, and daily market analysis that can be accessed easily on their site.
Traders can access the FBS website with many language choices. Of course, this will increasingly provide comfort for traders. Available languages include English, Italian, French, Portuguese, Indonesian, Spanish, and others. Live chat support is also provided 24 hours 7 days a week.
In conclusion, FBS is a widely known broker among retail traders around the world. It continually grows to become a preferred broker because of flexible trading conditions that enable its clients to trade with various instruments, low deposit, and other trading advantages.
FBS offers many interesting features for their clients, including the exclusive loyalty program available to all FBS live account holders. You can get a diverse form of real gifts, ranging from the company's merchandise to hi-tech gadgets. All you need to do is trade to earn points and exchange them with generous prizes.
In order to earn points, you need to trade with FBS. If you're an FBS partner, you can earn points every time your clients make a trade. There are two types of points that you can get: Status points which help users progress to the next Loyalty Tier and Prize points which can be used to exchange for variety of gifts. You can view your current Loyalty Status and points in the Personal Area.
FBS' loyalty program has four tiers, namely Green, Silver, Gold, and Platinum. Each status offers different types of rewards, so every time you move to the next tier, you'll unlock new and better gifts. It is also worth mentioning that each tier has different requirements that clients must fulfill.
Here is the complete breakdown of each loyalty status in FBS:
| Green | Silver | Gold | Platinum | |
| 📍Status Point | 0 points | 300 points | 1000 points | 3000 points |
| 💸Trader's Deposit | $0 | $15,000 | $250,000 | $300,000 |
| 💼Partner's Turnover | $0 | $40,000 | $500,000 | $1,000,000 |
| 🎁Prizes (at the time of this writing) |
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Where to Find the Information on the Official Broker Site?
- This information is reported per Nov 21 2022.
- We can not ensure if this offering is still available or remain the same in future.
- The broker announcement page may or may not exist anymore, You may explore FBS homepage and try to find "Promotion" section on the menu, footer, etc, to ensure the availability and validity of this promotion.
How to Join FBS Loyalty Program
If you're interested in joining FBS Loyalty Program, here are the steps that you need to follow:
- Sign up for a live account. Head over to the broker's website and follow the instructions to create a new account. You will need to complete the registration form and provide basic contact details.
- Go to your Personal Area. Log in to your account, then go to your Personal area. Choose the loyalty program tab in the menu.
- Select Join loyalty program. This will automatically enroll you into the program and allow you to accumulate status points.
- Confirm your email and your identity. This is the final step to activate your account. Once it's done, you have successfully become a member of the Loyalty program.
How to Redeem Loyalty Prizes
Once you accumulate loyalty points, it's time to redeem them and earn your rewards. You can get various gifts according to your Loyalty Status. Here's what you need to do to claim the rewards:
1. Head over to FBS official website or app, then log in to your FBS trading account.
2. Once you're logged in, click the "Loyalty Program" button on the top menu.
3. Once you're in, you'll be directed to the "Prizes" tab to see your current prize points, your active trading days, as well as the available prizes that you can claim. If you have enough prize points, you can request your rewards by clicking the "Get your Prize" button.
It is worth mentioning that you can only request one gadget or prize on each Loyalty Status. This means, if you reach the same Loyalty Status twice or more, then you won't be able to redeem a gadget again.
Also, if you decide to get "Cash for Points" instead of gadgets or other gifts, then your prize points will automatically be converted into money with the exchange rate of 1 Prize Point = 1 USD. If your base currency is not USD, then it will be given in accordance with the USD rate at the time of conversion. Cash on Point can be used up to 10 times a day.
4. Additionally, you can check your current status by clicking the "Green Status" tab. You'll be able to see how many status points and total deposits that you have at the moment, and how much you need to get to the next Loyalty Status.
5. After submitting your request, your prize points will be deducted from your account and your active trading days will be reset automatically. You can then check your order history, the status of your prize, and the tracking information in the "Order History" section of your Personal area.
Keep in mind that if the broker cannot reach you within the period of 28 days, then the prize will be canceled and the Prize Points will be added back to your account.
Conclusion
Brokerage firms are now getting more competitive than ever. As a trader, there are loads of things that must be considered when choosing a broker, including the bonus that they offer. A loyalty program is definitely one of the best perks to get because it's not too demanding, yet it offers generous prizes. You only need to do your usual trading routine to earn points and exchange the accumulated points for various gifts.
Please note that in order to get good rewards in the loyalty program, you need to be loyal to the broker in the long-term. This is why it's important to pick a broker that's trustworthy and reliable. Scam brokers may offer attractive rewards, but their purpose is only to make you deposit more money. Thus, trade only with regulated brokers if you want to avoid price manipulation and scams.