With low spreads from 1 pip, 100 crypto assets, and leverage of 1:5, FBS crypto account is certainly one of the best in the CFD market.
One of the leading international trading brokers, FBS, has been in the industry for more than 13 years of experience, serving more than 23 million traders in more than 150 countries. This reputation has put FBS as one of the most promising brokers both for new traders and experienced ones.
To keep up with the latest trend in the market, FBS broker has recently offered the most innovative and fascinating asset class in the world today: cryptocurrency. Is it a good and lucrative one? Let's take a dive into the explanation below.
What is Cryptocurrency?
Firstly, we should understand what cryptocurrency is. In short, cryptocurrency is digital money, a substitute for cash that was produced using encryption methods. Just imagine transforming regular money but without the interference of the government as the third party and only cryptography protects it, making it virtually hard to forge or double-spend.
Trading Cryptocurrency on FBS
The main reason why FBS is highly recommended for trading cryptocurrency is its reputation. FBS is regulated by the International Financial Services Commission (IFSC/000102/198), which makes it trustworthy and reliable. Moreover, FBS offers two different platforms: MT5 and FBS Traders.
For professionals, you may find MT5 the best choice as it offers a more convenient user experience. FBS Traders is highly recommended for beginners since it offers a user-friendly interface with a wide variety of crypto instruments to offer.
How about the trading conditions? Just like other trading accounts, there are some requirements if someone wants to open an FBS crypto account. To summarize it, please find the table below:
| 💰Initial deposit | $1 |
| 🔢Spread | Floating spreads from 1 pip |
| 💸Commission | 0.05% for opening and 0.05% for closing positions |
| ⚖Leverage | Up to 1:5 |
| Maximum open positions and pending orders | 200 |
| 📈Order volume | from 0.01 to 500 lots (with 0,01 step) |
| 💻Market Execution | from 0.3 sec, STP |
The crypto account has a very low spread in the market. It is a good sign since it indicates low volatility and high liquidity. Not only that, a trader's best weapon for increasing profit per deal may be leverage. Cryptocurrency prices fluctuate in sudden, jarring waves. And you can utilize leverage to ride them. Leverage on a Bitcoin account is available up to 1:5. In addition, the minimum initial deposit at $1 is also very interesting.
You may trade more than 100 cryptocurrencies around-the-clock at FBS. Coins are often exchanged for one another while trading cryptocurrency pairs. There is a "base currency" and a "quote currency," much like with Forex.
Interestingly, FBS offers a wide range of crypto pair types. For instance, it is possible to exchange cryptocurrency for fiat money such as USD, EUR, AUD, or even precious metals like gold and silver.
Since you don't really own the coins when you trade cryptocurrencies, you are free to make predictions about price changes. If you believe the price of the cryptocurrency will increase, you may go long (buy). But if you believe the price will decrease, you can go short (sell) on the platform. To make lucrative trades, FBS has provided daily analysis of the crypto market.
How to Open a Crypto Account at FBS?
It is as easy as it gets when you want to start your journey with FBS:
- Open the FBS website first.
- Then click "Open Account" to finish a brief registration process.
- The next step is to open a crypto account in your Personal Area.
It won't take more than a few minutes and is really simple. To fund the account, FBS provides a variety of payment options including credit and debit cards, bank wire transfers, and electronic payment systems. For the majority of methods, there are no costs or commissions. The "Finances" — "Deposit" area in your Personal Area on the website or in the FBS - Trading Broker app is where you may make a deposit.
For the withdrawal, you can withdraw funds via the same payment system you used for depositing.
The Verdict
Although it has some challenges and risks, cryptocurrency is undeniably interesting and lucrative. A trader can take advantage of its volatility and make a profit from the rapid price movements. In this case, FBS crypto account is coming with a set of interesting offers with low spread and good leverage for cryptocurrency.
This broker also offers instant executions and a wide choice of crypto assets including Bitcoin, Ethereum, Cardano, Litecoin, Filecoin, Shiba, Stellar Lumens, and many others. Deposit payments can be made across different methods and platforms, making everyone in every place in the world able to fund their account and access all the benefits of FBS crypto trading.
FBS is a worldwide broker with a presence in more than 150 countries. More than 23 million traders and over 400k partners have chosen FBS as their preferred forex brokerage company. To provide the best customer experience, FBS organizes seminars and special events.
3 Comments
Sep 7 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.
Sep 8 2023
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!
May 1 2024
I am not sure if this is just an outdated article, or something else… There are no cryptocurrencies available for trading on this platform.
However, the FBS forex trading conditions are one of the best in the market and this is my platform to go to trade forex, commodities, energies, metals and tons of other instruments.