If you're interested in trading on the MT4 or MT5 platform, this guide on FBS account signup can be a reference to start your journey.
FBS is a widely known broker that has been around since over a decade ago. The broker has served over 23 million clients in more than 150 countries and has partnered with at least 400,000 businesses. It has grown into one of the most trusted brokers in the market that is regulated by several top-tier financial authorities, such as the CySEC, ASIC, IFSC, and FSCA.
Many traders like to use FBS because of its favorable trading conditions. FBS offers more than 250 tradable instruments with considerably lower costs compared to other brokers in the market. Aside from that, FBS is known for its impressive customer service and user-friendly interface. FBS broker provides trading MT4 and MT5 among other reliable services.
Thankfully, opening an MT4/MT5 account on FBS is very simple to follow.
How to Open an FBS Account via Web/Mobile App
Opening an account at FBS is very simple. You can do it either from the web or FBS mobile app. The mobile app essentially offers the same features as the web version, so simply choose the most convenient option for you.
Follow the step-by-step guide below to get started:
- Visit FBS' official website or open the FBS – Trading Broker application on your mobile phone.
- Click "Open an Account" on the top right corner of the screen. You''l need to go through the registration process to get a personal area.
- Enter your email address and full name. Make sure that the data is correct as it will be used for verification later on. Once you're done, click the "Register as Trader" button.
- You will be given a temporary password generated by the system. It's highly suggested to change the password for further safety. Once you're done, click "Change".
- A verification email will be sent to your email address. Simply open the email and click "I Confirm" to verify your email. To make the process smoother, open the link using the same browser as your personal area page.
- Once the email verification is complete, you can now make your account. You can choose to open either a demo account or a live trading account. At FBS, there are several live account types that you can choose from, ranging from Cent to ECN account. You are free to the one that suits your preferences the most.
- Depending on the account type, you might be able to choose the MetaTrader version, account currency, and leverage as well. Once you're finished, click "Open Account".
- Congratulations! Now you are ready to trade the market with FBS. After the registration process is complete, you'll see your account information on the screen. Note that you'll need your account number, trading password, and a trading server for MetaTrader 4 or MetaTrader 5 to start trading.
- Lastly, you can also take additional security settings to add an extra layer of protection to your account. For instance, you can set a PIN number to ensure that only you can open the app. However, this step is optional, so If you want to do it later, you can just click the "Skip" button on the top right corner.
Instant Account Opening
If you want an even easier process, you can use your existing social media accounts to open an FBS account.
How to Login via Facebook
- Visit the broker's website or open the mobile app, and open the registration page.
- Instead of manually entering your email address, you can just use your Facebook account, Google+ account, or Apple ID. For example, click on the Facebook icon at the bottom of the page.
- A pop-up window will appear. Log in to your Facebook account.
- After that, FBS will request access to your name, profile picture, and email address. Click "Continue".
- You will be automatically directed to the FBS platform.
How to Login via Google+
- Click on the Google icon at the bottom of the page.
- Enter your email address and phone number, then click "Next".
- Enter your password, then click "Next" again.
- Follow the rest of the instructions on your email address.
How to Login via Apple ID
- Click on the Apple icon at the bottom of the page.
- Enter your Apple ID and your password, then click "Next".
- Follow the rest of the instructions from the service to your Apple ID.
How to Login to MetaTrader Platforms
In order to trade with MetaTrader, you need to install the platform on your device and log in with your FBS account. You can choose to use either MetaTrader 4 or MetaTrader 5. It's highly recommended to download the apps straight from the broker's website to make the process smoother.
Here are the steps that you should follow:
- Open the app and click the "+" button on the main page.
- Click "Login to an Existing Account".
- If you have downloaded the app from the FBS website, you will automatically see the "FBS Inc" option in the broker list. However, keep in mind that you still need to specify your account server. If you don't remember the server number, you can find it in the account settings by clicking your trading account number in the Personal Area via the web or application.
- Input your account details, including your account number and password. After that, click "Login".
It is worth noting that it is impossible to change account types at FBS, so you can't switch between your MetaTrader 4 and MetaTrader 5 accounts easily. However, you are allowed to make up to 70 trading accounts within one Personal Area as long as your account is fully verified and the total deposit to all accounts exceeds $100. Thus, you can just open a new account type and use it to trade. If you still have some funds in the previous account, you can transfer them to the newly opened one via Internal Transfer.
Aside from the platform, a key aspect in choosing the best broker would be defined by its ability to support your strategy. If you're used to day trading, is FBS a good place to try? Read the discussion in Does FBS Support Day Trading?
14 Comments
Oct 22 2022
In the article, it is highlighted that at FBS, it is not possible to change account types, which can make it challenging for traders to switch between their MetaTrader 4 and MetaTrader 5 accounts seamlessly. This limitation raises some interesting questions about the reasons behind this restriction and its implications for traders. Could you provide further insights into the factors that contribute to this restriction at FBS?
It would be interesting to understand the specific technical or operational considerations that come into play when it comes to allowing or disallowing the switching of account types. Are there any compatibility issues between MetaTrader 4 and MetaTrader 5 that make it difficult to seamlessly transition between these two trading platforms? Are there differences in functionality, data structures, or trading capabilities that could potentially create conflicts or inconsistencies when attempting to switch between account types?
May 18 2023
Hey, it's great to see the steps involved in opening an account with FBS. I have a question regarding opening multiple accounts with the same broker. FBS indeed offers both MT4 and MT5 accounts, allowing fund transfers between them. This feature may entice us to consider opening more than one account. It's quite exciting as we can use one account for trading with MT4 and another for MT5.
My question is, what is the maximum number of accounts that can be opened with FBS, and is it necessary to go through the KYC process again when opening a new account?
May 28 2023
@Tuchel: Hey there! With FBS, there is typically no specific maximum limit on the number of accounts you can open. You can create multiple trading accounts to suit your trading strategies or preferences. However, it's always advisable to check with FBS directly or refer to their terms and conditions for any specific limitations or requirements they may have regarding the number of accounts.
Regarding the KYC (Know Your Customer) process, it is usually required for each individual trading account. This means that if you open a new account with FBS, you will likely need to go through the KYC process again. The KYC process is a standard procedure implemented by financial institutions and brokers to verify the identity of their clients. It involves providing certain documents, such as identification proof and address verification, to comply with regulatory requirements and ensure the security and legitimacy of the trading environment.
May 24 2023
First off, I have to say I'm really impressed with how FBS simplifies the account opening process. They offer the option to sign up instantly using popular IDs like Facebook, Google, and Apple ID. It's a huge time-saver, as you don't have to go through the whole account creation procedure again.
So, with FBS, you can quickly open an account using these IDs, and I must say it's a real time-saver!
But here's my main question: How does FBS ensure the security of my account and protect traders' identities with their tech infrastructure? I want to know what measures they have in place to ensure the safety of traders' personal information.
May 27 2023
@Ebby: FBS takes account security seriously, my friend. They've got some top-notch measures in place to make sure your trading experience is safe and your personal info stays protected.
First off, they use cutting-edge encryption technology to keep your data under lock and key. That means when you're sending and receiving info from their servers, it's all encrypted and shielded from any prying eyes. No unauthorized access allowed!
And hey, they've got these super sturdy firewalls in place too. These babies act as a fortress, guarding against any sneaky cyber threats that might try to breach their system. They've even got fancy intrusion detection systems that keep a close eye on things, making sure no funny business is going on.
When it comes to privacy, FBS has got you covered there too. They follow all the rules and regulations, like that GDPR stuff, to make sure they handle your personal data with care. They've got internal policies in place to keep things on the up and up, protecting your privacy rights like a champ.
May 31 2023
Hey there! I read in the article that FBS is a well-known broker that has been around for over a decade. They have an impressive track record of serving more than 23 million clients across 150 countries and partnering with over 400,000 businesses. What caught my attention is that FBS is regulated by renowned financial authorities like CySEC, ASIC, IFSC, and FSCA.
I'm from Indonesia, so I'm curious about which specific financial regulations would apply to me if I choose to trade with FBS. It would be great if you could shed some light on this. Thanks a lot!
Jun 1 2023
@Goda: If you decide to go with FBS, you'll be under the regulation of the Financial Services Authority (FSA) in Seychelles. That's the regulatory body that oversees FBS operations for clients outside the European Economic Area (EEA).
It's always important to consider the regulatory environment when choosing a broker. The FSA in Seychelles sets certain standards and guidelines to ensure that brokers like FBS operate in a fair and transparent manner. While regulatory oversight can provide a level of protection for traders, it's still crucial to do your own due diligence and understand the risks involved in trading.
If you have any specific questions about the FSA regulations or any concerns regarding trading with FBS, it's a good idea to reach out to their customer support. They should be able to provide you with more detailed information and address any queries you may have.
Jul 15 2023
I'm genuinely curious about the safety aspect of trading with an offshore broker like FBS. With their extensive client base and regulatory oversight from authorities like CySEC, ASIC, IFSC, and FSCA, it seems like they've got some level of credibility. But, I can't help but wonder, how does the regulatory environment differ for offshore brokers compared to those in major financial centers? Are there any specific measures that FBS has in place to ensure the safety of clients' funds and protect their interests?
Furthermore, I'd love to hear from other traders who have experience with FBS. Have they encountered any safety issues? What are their thoughts and feedback on trading with an offshore broker like FBS? Hearing real stories and experiences can provide valuable insights into the safety aspect and help me make a well-informed decision.
Jul 16 2023
@Jimenez: When it comes to trading with an offshore broker like FBS, safety is a legit concern. But don't worry, bro! FBS has got some credibility with regulatory oversight from authorities like CySEC, ASIC, IFSC, and FSCA. These guys keep an eye on 'em.
Now, offshore brokers have different rules compared to the big financial centers, but FBS takes client safety seriously. They have measures in place to protect your funds, like keeping them separate from their own operational money. That way, your cash is less likely to get mixed up or misused.
To get the real scoop on FBS, it's smart to hear from other traders who've actually dealt with them. Check out reviews, hit up online trading communities, or join forums. You'll get firsthand info on any safety issues, customer support, and how satisfied people are with trading with FBS.
Remember, though, everyone's experience can be different, so gather info from multiple sources to make a well-informed decision. Do your research, consider regulations, and think about your own comfort level before jumping in, bro!
Sep 12 2023
As a newcomer in the world of trading, I have found this website to be an incredibly useful resource in helping me choose the right broker. The website provides detailed comparisons between different brokers, which has made it easy for me to identify which brokers are best suited to my needs. By focusing on factors like low deposit requirements and high leverage, I have been able to narrow down my options to brokers that are most likely to help me succeed.
In regards to FBS, the article mentioned that both brokers offer the popular trading platforms, MT4 and MT5. However, you may be wondering what the difference is between the two platforms and which one is more advanced?
Sep 13 2023
Yo! If you're looking to get into trading, you'll probably come across MT4 and MT5. They're two of the most popular trading platforms used by brokers. Although they share some similarities, there are some significant differences you should know.
MT4 is the older platform and has been around since 2005. It's known for its simplicity and easy-to-use interface, which is perfect for beginners. But it has some limitations, like you can't execute trades on multiple markets simultaneously, and its charting capabilities are somewhat limited. On the other hand, MT5 is a newer platform that came out in 2010. It's designed to be more advanced and versatile than MT4, with better charting tools, more order types, and the ability to trade on multiple markets simultaneously. Plus, MT5 allows for more in-depth analysis and strategy testing than MT4.
So, there you have it! Both platforms have their pros and cons, but generally, MT5 is considered the more advanced one. It's up to you to decide which one is the right fit for your trading style and goals.
Oct 4 2023
I wonder why these manuals exist taking into account the simplicity of the fbs interface... Those brokers that can't boast a transparent interface should post such articles, while FBS did everything to provide as simple as a pie process of registration and account verificaiton. Well maybe this article is created for newcomers, but certainly not for those who have any kind of trading experience.
Nov 23 2023
Nov 28 2023
At FBS, a Cent account is a type of live trading account where the balance is denominated in cents rather than the standard currency units (like dollars or euros). This account type is often suitable for beginners or those who prefer trading with smaller volumes since it allows for more flexible and lower-risk trading. (read : How Does a Cent Account Work?)
On the other hand, an ECN (Electronic Communication Network) account is designed for traders looking for direct access to the interbank forex market. ECN accounts often provide lower spreads and faster execution speeds, and they are favored by more experienced traders who engage in high-frequency or advanced trading strategies. (read : What are ECN Forex Brokers and How are Their Fees?)
For beginners at FBS, I suggest to open the Cent account because it might be a good starting point due to its smaller size and lower risk. It allows traders to get accustomed to the live trading environment without exposing themselves to significant financial risk