Forex brokers strive to offer trading environment that will suit forex traders need. In its effort to meet its clients demand, FBS launched a brand new Zero Spread Account.
Beside of competing in giving the best service and the most tempting prizes, forex brokers strive to offer trading environment that will suit forex traders need. In its effort to meet its clients demand, international online forex broker FBS yesterday (2/9) launched brand new Zero Spread Account.
Previously, FBS only offer Cent, Micro, Standard, and Unlimited accounts. But the new account is a development from the now-defunct Fixed Spread Account. Like the name suggests, the brand new account main feature is that its spread is flat on zero in all market condition. This means, high-frequency traders such as scalpers could benefit from it, because this kind of flat rate enable forex traders to aim for profit target and avoid stop loss more accurately.
Of course, it does not mean that FBS waives trading fees from Zero Spread Account. In turn of the unexistent spread, FBS Zero Spread Account charge commission in accordance with the amount of the lot traded. The commission are fixed, but vary from pair to pair, with the lowest is EURUSD with commission of 20 per 100,000 lot, and the highest is AUDNZD and EURCAD with commission of 110 per 100,000 lot.
In this account, forex traders could trade 25 forex pairs, as well as Spot Gold (XAUUSD) and Spot Silver (XAGUSD). Beside of its zero spread feature, the account also boast minimum lot volume (0.01), Quotes precision (5 digits), and fast STP execution from 0.3 seconds. Clients with this account could also use all kind of strategies as well as expert advisors.