Open fbs demo account
Once you have confirmed the email, you will be presented with a confirmation screen like the one below.
Free forex bonuses
This indicates that you have now completed the FBS demo account opening process. Once you see this, just click on the “confirm email” button and you are good to go. It really is as easy as that.
FBS demo account - opening tutorial and review (2021)
Selecting the best forex broker is never an easy task.
This is why many choose to open a demo account first from the many FBS account types available.
If you have decided to open an FBS demo account, that’s great! We have even included FBS in our list of the best free forex demo accounts.
With the help of this step-by-step tutorial (combined with our FBS review) we hope to make the opening process very easy.
Table of contents
74-89% of retail CFD accounts lose money
FBS demo account opening tutorial
The process of FBS account opening for a demo is actually very straight forward. Nevertheless, we have provided each step of the process along with detailed images for your assistance.
This should make opening an FBS demo account a real breeze for everyone, even more so if you do it after reading our FBS broker review.
So, here we are. Let’s get started on opening your demo account with FBS:
Step 1 – getting started with your FBS demo account
Your very first destination when opening an FBS demo account should be the broker homepage. Your experience may be slightly different depending on your location.
If you are within europe, you will be directed to the cysec regulated FBS site. Here you simply click the button as highlighted below and you will be started on your demo journey.
The only slight difference in the process of registering a forex demo account as an international user comes at this point where you will be presented with a different homepage. You simply need to scroll a little down the page to about the midway point where you will see the demo account option as shown below:
Step 2 – FBS demo account – what documents/information do you need?
Actually, you will not be needing any documents as such when you choose to open an FBS demo account.
What you will need is an email address which you can confirm in order to activate your FBS demo account.
Naturally, after trying out your demo account in the provided period, if you then want to proceed with opening an FBS live account, there are a few documents you will need to submit. There include your proof of ID and address.
Step 3 – fill in registration form
So, after clicking on the “open demo account” button as shown above for EU users, the next screen you will be greeted by is a very simple registration form.
As you can notice, this is a very simple form which should be fast to complete. All you need to do is enter your name and email address. At this point you can also select between an FBS standard demo account or an FBS micro demo account. The choice is yours.
You should then check the two boxes at the bottom and click “open an account”. You will then be directed to the next step.
Step 4 – confirm the account via email/telephone
The next step in the process of opening your FBS demo account is to confirm the email address which you provided in the previous step. This has to be done before you can activate and log-in to your new FBS demo account.
The email you receive should look like the one below:
Once you see this, just click on the “confirm email” button and you are good to go. It really is as easy as that.
Step 5 – first login into the demo account
Once you have confirmed the email, you will be presented with a confirmation screen like the one below. This indicates that you have now completed the FBS demo account opening process.
Once you have collected your platform information and passwords from here you can just head back to the log-in screen at your FBS site. There you will log-in to your FBS dashboard using the information which you set during registration.
Step 6 – choosing your FBS demo account platform
After your first successful FBS demo account log-in you will see your account dashboard. ON the left side, simply click the “trading platforms” button. On doing that you will notice the following screen:
All you have to do is click on the related trading platform you want to use, download it, and use the details provided during confirmation to log-in and start trading on your demo trading account.
FBS demo account review
Now that you have hopefully completed the account opening process, let’s take a deeper look inside what you can expect from your FBS demo account.
What types of FBS demo account are available?
If you are a europe-based FBS trader then every account type there will be available for you to open a demo account. This means you could open a standard or FBS micro demo account.
If you are an international trader operating from FBS.Com, you will also be able to open every type of account as a demo. This means you will have access to FBS cent account, standard, micro, zero and FBS ECN accounts to try out on a demo basis.
FBS demo account features, restrictions and differences with live account
An FBS demo account has all of the same benefits as you would expect from a live account. There are no particular restrictions which you need to look out for when operating through a demo account with FBS.
The one differing point as with that of any demo account with major brokers is the fact that slippage could occur. This is the difference between the price at the time when you make a trade, and the time when it is actually executed.
Nevertheless this should be very minimal and only happens on rare occasions or during high volatility periods.
Advantages of trading with an FBS demo account
There are several advantages when it comes to trading through an FBS demo account.
These center around the fact that this account risks none of your real funds, yet still provides access to a fully functioning account with all of the same features as an FBS live account.
This makes the FBS demo account opening a very practical and beneficial idea. It allows you to practice and replicate many of the scenarios which you may encounter in the real market but without the risk.
In the long-term, this will undeniably help you to learn more about forex trading, FBS broker itself, and how to use the trading platforms. It will hopefully lead to eliminating mistakes and making you a better live trader overall.
FBS demo account management
Once you have gotten to grips with your new demo account and all of its features, you may be wondering about how long you can keep your demo trading account open or how to restore an FBS demo account. Here we have covered those issues to help you along.
Expiring time
The FBS demo account expiration again depends on where you are based. For those who are within europe and operating under cysec regulations, you will have access to your demo trading account for a 90-day period. The account will then expire after 90 days. At this point you can still create a new FBS demo account if you want to continue your practice.
If you are operating under FBS as an international trader, your demo account will be limited to a 45 day period. Again however after the 45 day period runs out, you can create a new FBS demo account to keep trading through.
Restoring expired demo accounts
As FBS demo accounts do not expire due to inactivity, you should not be faced with the situation of having to restore it. As mentioned above though, if you do face any problems, you can simply follow the process to open a new FBS demo account easily.
74-89% of retail CFD accounts lose money
How to open FBS's demo FX trading account?
How to open FBS's demo trading account with virtual money?
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Open FBS demo trading account. Table of contents
How to open FBS’s demo forex trading account?
You understand the basics of forex trading, but you are worried about suddenly trading with your own money.
Is there anyone who has such troubles?
Although FX can be started from a small amount with FBS, it is a bit difficult to start trading suddenly.
For such people, we recommend demo trading with virtual money.
In order to do the demo training, you first need to apply for a demo account of FBS, and applying for a demo account is very easy.
To open a demo account, you only need a “name” and “email address”, then you can start demo training immediately.
You don’t need to register the main account of FBS, so you can start the demo training in a few minutes.
- Go to FBS official website
- Sign up for FBS’s online trading service
- Receive login credentials for your account
- Log in to FBS’s personal area
- One click to open a demo trading account
- Log in to FBS MT4 or MT5 to start trading (practice)
With demo trading account, you can experience forex trading without spending your own money.
In addition, some forex companies also offer demo trading that has features that are comparable to actual forex trading.
Therefore, this time we will introduce the features and benefits of demo training, and some recommended apps for doing demo training.
Become a FX trader by gaining a sense of trading with demo trading account.
What’s the merit of FX demo trading?
Demo trading is simply a free practice tool for forex trading.
The biggest feature is that you can practice forex trading without spending your own money.
Even if it’s for practice, the demo account provided by FBS is very well made, and there are some that can be traded like the actual trading.
Therefore, it is often used by those who are new to FX as a stage before actually starting FX trading.
Now let’s take a closer look at demo trading.
First of all, we like to introduce the benefits of demo training.
There are three main advantages to using demo trading which are: grasping the flow of transactions, seeing real-time rates, and knowing the risks.
1. Understand the FX trading flow
The first advantage is that you can get a grasp of the overall flow of forex trading by using a demo trading account.
No matter how much you have acquired FX knowledge, if you do not know how to order and make payments, you will never have a profit.
That’s where demo training comes in.
If you check the flow of orders, how to select a currency pair, and the operation method such as payment method using demo trading account, you can trade in real forex trading without hassle.
The important thing here is to do a demo training with the intention of making a real transaction.
Properly ordering and making payments without any tension is not much practice in trading.
On the contrary, if you can firmly grasp the flow of forex trading by practicing with the demo training with a sense of tension, the possibility of making more ideal trading in forex trading will increase.
2. See the movement of the exchange in real time
The next advantage is that you can experience the real exchange rate movements in real time on FBS’s demo trading account.
Through the demo trading account, you can know which news and economic indicators will be announced and will have a great impact on the exchange rate, and what are the characteristics of price movements during each time period.
Being able to systematically understand the whole picture of FX is one of the great advantages of demo training.
Experience the forex market and forex trading before trading with your own money.
3. Measure your risk tolerance
The final advantage is that you can know the risks.
Forex trading can be both profitable and costly.
So you should fully understand the risks with the demo trading account, and how much loss can be done in the transaction.
Otherwise, you will lose more than you can tolerate in the actual forex trading, and you may end up withdrawing from forex immediately.
This is where demo training comes into play.
If you analyze yourself how much risk you can tolerate by “how much” and “how much leverage” in the demo trading, you can reduce the risk of serious losses in actual transactions.
In addition to that, you can also try various trading styles such as scalping, day trading, and medium- to long-term trading without risk, which is another advantage of demo training.
However, there are some disadvantages to demo training that beginners tend to fall into.
It is important for FX trading to grasp the disadvantages firmly.
Demerit of forex demo trading account
The biggest demerit of demo trading account is that it is easy to get a habit of trading without tension.
In demo trading account, you don’t actually use your own money, so you don’t have to worry much if you make a lot of money or lose a lot of money.
Not losing money is also a merit of demo training, but it is also a cause of increasing the possibility of continuing transactions without tension.
Be cautious about the assumption that “profit is starting to come out and real FX trading will be okay”.
You could be able to make a profit with the demo training, but many people do not succeed in the actual trading and give up FX trading.
For example, demo trading account has nearly tens of millions of virtual funds available, so it is possible to trade several million dollars in one transaction.
However, it can be said that such a trade is not very realistic if you just started FX.
Even if you happened to make a profit from such a high-risk transaction in the demo trading, if you make the same trade in the production transaction, you could lose a lot and immediately leave the forex market.
Therefore, when using the demo training, it is necessary to have a firm sense of “tension” and “image of profit and loss”.
On the contrary, if you can pay attention to these two points, demo training can be the best tool for practicing forex trading.
3 points you should check before demo trading
Are you looking to trade with demo trading accounts for a while to practice trading forex and cfds?
In case you are looking to open a demo trading account with a forex broker, there are mainly 3 points that you should check beforehand.
See the list of online forex and CFD brokers in the page here.
- Whether the environment is similar to the actual trade
first, let’s focus on whether the demo account and the actual trading environment are similar. If there is a difference in “function” or “ordering method” between the demo account and the actual FX account, you will not be able to make the most of your experience with the demo account. Therefore, when choosing a demo account, we recommend that you choose a demo account that is “similar to the actual transaction”. It’s said that you get used to it rather than learning, but it also means that an environment where you get used to it is important. - Is it easy to order on a smartphone or PC?
The next point is “easy ordering”. Some people use pcs as the trading environment, while others mainly use smartphones. Therefore, “easy ordering” is becoming important. Specifically, let’s check one by one, “whether the order screen has a layout that is easy to understand”, “is it easy to set the order”, and “is it possible to place an order smoothly”? By choosing a demo account that you think is easy to use, you can do demo training without having extra stress. - Market news and analysis
the last point is “rich information” and “easy to see”. Information collection is indispensable for FX trading. The ease of collecting that information becomes very important in actual trading. Therefore, please be careful when selecting a demo account for market information related to FX trading and visibility of economic indicators.
Are you also interested in opening a real trading account to invest seriously?
Start from choosing an account type of FBS here.
And for all real account traders, there are various bonus promotions and trading contests that FBS runs.
Visit the page here for the list of FBS’s all bonus promotions and trading contests.
How to utilize FBS free demo account
I will explain the demo account of FBS, which is a popular broker as FC barcelona sponsor and offer very low cost trading environment.
By opening a demo account, you can practice trading and check the actual trading environment in FBS.
If you have any doubts about the trading environment, it is a good idea to try a demo account before opening a real account.
This article describes the following:
- How to utilize FBS demo account
- Characteristics of FBS demo account
- Notes on FBS demo account
- How to open FBS demo account
Features and benefits of FBS demo account
FBS offers a demo account.
Really tradeable account that is not demo accounts is commonly called “real account”.
When you open a demo account, equity is set in advance.
Just open it and you can start trading immediately.
- Easy registration, no need to submit identity verification documents
- Equity is prepared and you can trade immediately without deposit
- Trading is possible in almost the same environment as the production
- The rate etc. Are the same as the actual production and are reflected in real time
- Products such as currency pairs and cfds offered are the same as real account
- Anyone can use it for free
- No risk of losing your money
What is the purpose of using the FBS demo account?
The demo account can be used for the following purposes.
- Check the trading environment of broker before opening a real account
- Forex beginners practice trading
- Try trading currency pairs and cfds that you haven’t traded before
- Test EA (automatic trading tool)
Check the trading environment
Regarding the first point of checking the trading environment, you can check the following points by actually trading with the demo account of the forex broker.
- Is the information on the official website correct, such as spreads?
- Is there any suspicious point about fluctuations in spreads and prices depending on the time of day and products?
- Is it easy for orders and payments to pass, or is it slippery?
The demo environment of each broker is provided “almost” the same environment as the real account.
You can check the approximate usability with the demo account.
Forex beginners practice trading
The demo account has almost the same environment as the real account, so you can practice trading in a real rate environment.
Even if you are not a beginner, you may use it as a place to practice, such as trying out newly learned methods.
Try trading currency pairs and cfds that you haven’t traded before
This is what I do, sometimes I try to trade currency pairs and cfds that I don’t usually trade.
I can do it with a real account, but since trading of unfamiliar products often loses at first, I use a demo account for verification.
Test EA (automatic trading tool)
EA (automatic trading tool) can be used in MT4 and MT5, a demo account may be used for testing in a real environment (called “forward test”).
Some paid EA’s do not work with demo account, so it is limited, but it is super dangerous to suddenly try EA that you have not used yet with real account, so you need to verify with demo account first.
If you have programming knowledge and skills, you can also develop your own EA using a dedicated language called MQL that runs on metatrader.
If you want to test your own EA, you will use demo account.
Precautions when using the FBS demo account
In this way, anyone can open a demo account for free and it is a trading environment that can be used easily, but there are cautions when using it.
- Strictly not exactly the same environment as a real account
- Withdrawal is not allowed
- Deposit is not allowed
- Demo account cannot become real account
- Lack a feeling of tension
Strictly not exactly the same environment as a real account
Demo account is said to be “almost” the same environment as real account, but it is not exactly the same environment.
If you want to check the usability of a real account strictly, it is best to try using a real account even with very small margin.
Withdrawal is not allowed
Of course, even if you make a profit, you cannot withdraw.
Of course, you cannot withdraw the margin that is set automatically when you opened the demo account.
Deposit is not allowed
You cannot deposit to the demo account.
Even if your margin balance becomes zero during trade verification, you cannot deposit and increase your margin.
In this case you will have to open a demo account again.
In addition, some brokers will increase the margin of the demo account on an application basis.
Demo account cannot become real account
If you like the trading environment and want to continue trading with that broker, you need to open a real account again.
In that case, please note that the account number and the server name to login to metatrader will also change.
Lack a feeling of tension
This is the most important point.
The demo environment is not your own money, so you can trade as much as you want.
Even if you trade in a high lot that you would never normally do and lose a lot, there is no shock.
There is no point in practicing trading or verifying the method if you trade completely differently than usual.
Those brokers who practice and verify trading should keep in mind this part.
Otherwise, you will be doing the same trade, and you will lose in the real account.
FBS demo account specifications
FBS allows you to open demo accounts for all account types.
Therefore, you can actually try out the specifications and trading conditions for each account type.
For more information on FBS account types, see the separate article, “ FBS all account types “.
How to open FBS demo account
From here, I will explain the procedure for opening a demo account in FBS.
In FBS, user registration is required to create a demo account.
After registering as a user, you will be able to login to the member dashboard.
You only need to register as a user, and you do not need to submit your identity verification documents.
Registration is completed in just few minutes.
If you already have a real account, you can login and create an additional demo account from your dashboard.
OPEN ACCOUNT
Trader registration
Open an account
Click + (plus) to open new account on dashboard.
Account type
You can open demo account of any account types.
Account settings
Select trading platform MT4 and MT5.
Account currency is USD only for demo account.
For initial balance, you can set any amount.
Leverage can be changed later.
About leverage setting
With FBS, you can trade with a high leverage of up to 3000 times, but the leverage limit is automatically applied according to the margin balance.
This is also true for demo accounts, where you need to have a margin balance of $ 200 or less to trade at 3000x high leverage.
Demo account has been opened
Your demo account has been opened.
Please find the e-mail containing the login ID to MT4 / MT5 and the server name to login to metatrader.
You can download metatrader by clicking the link in email.
How to install and login to metatrader
If you haven’t installed FBS MT4 and MT5 yet, please refer to “ FBS MT4/MT5 how to install and login ” for PC version of metatrader, and for mobile app, refer to “ how to install MT4/MT5 mobile app ” and install metatrader.
After installation, you can login to metatrader by using login ID, password and server name that was informed by email.
When you login, the margin is already set, so you can trade with demo account now!
Summary
Make good use of the demo account to get used to trading and verify the trading environment.
I recommend that you make sure before opening a real account.
How to open FBS's demo FX trading account?
How to open FBS's demo trading account with virtual money?
Promotions
Top pages
- How to withdraw tickmill $30 no deposit bonus on MT4? What's the requirement/conditions?
- FBS $140 level up bonus
- Verified my account but I can't get XM $30 bonus. Why is that?
- What happens if I withdraw funds from XM $30 bonus account?
- Completed the verification but I didn't get XM's $30 bonus. Why is that?
- Octafx $1,000 instagram contest
- Fxgiants $70 no deposit bonus
- Trade stocks & metals with "$50 no deposit bonus" by xtrade
- XM 100% deposit bonus
- Instaforex $1000 no deposit bonus
Open FBS demo trading account. Table of contents
How to open FBS’s demo forex trading account?
You understand the basics of forex trading, but you are worried about suddenly trading with your own money.
Is there anyone who has such troubles?
Although FX can be started from a small amount with FBS, it is a bit difficult to start trading suddenly.
For such people, we recommend demo trading with virtual money.
In order to do the demo training, you first need to apply for a demo account of FBS, and applying for a demo account is very easy.
To open a demo account, you only need a “name” and “email address”, then you can start demo training immediately.
You don’t need to register the main account of FBS, so you can start the demo training in a few minutes.
- Go to FBS official website
- Sign up for FBS’s online trading service
- Receive login credentials for your account
- Log in to FBS’s personal area
- One click to open a demo trading account
- Log in to FBS MT4 or MT5 to start trading (practice)
With demo trading account, you can experience forex trading without spending your own money.
In addition, some forex companies also offer demo trading that has features that are comparable to actual forex trading.
Therefore, this time we will introduce the features and benefits of demo training, and some recommended apps for doing demo training.
Become a FX trader by gaining a sense of trading with demo trading account.
What’s the merit of FX demo trading?
Demo trading is simply a free practice tool for forex trading.
The biggest feature is that you can practice forex trading without spending your own money.
Even if it’s for practice, the demo account provided by FBS is very well made, and there are some that can be traded like the actual trading.
Therefore, it is often used by those who are new to FX as a stage before actually starting FX trading.
Now let’s take a closer look at demo trading.
First of all, we like to introduce the benefits of demo training.
There are three main advantages to using demo trading which are: grasping the flow of transactions, seeing real-time rates, and knowing the risks.
1. Understand the FX trading flow
The first advantage is that you can get a grasp of the overall flow of forex trading by using a demo trading account.
No matter how much you have acquired FX knowledge, if you do not know how to order and make payments, you will never have a profit.
That’s where demo training comes in.
If you check the flow of orders, how to select a currency pair, and the operation method such as payment method using demo trading account, you can trade in real forex trading without hassle.
The important thing here is to do a demo training with the intention of making a real transaction.
Properly ordering and making payments without any tension is not much practice in trading.
On the contrary, if you can firmly grasp the flow of forex trading by practicing with the demo training with a sense of tension, the possibility of making more ideal trading in forex trading will increase.
2. See the movement of the exchange in real time
The next advantage is that you can experience the real exchange rate movements in real time on FBS’s demo trading account.
Through the demo trading account, you can know which news and economic indicators will be announced and will have a great impact on the exchange rate, and what are the characteristics of price movements during each time period.
Being able to systematically understand the whole picture of FX is one of the great advantages of demo training.
Experience the forex market and forex trading before trading with your own money.
3. Measure your risk tolerance
The final advantage is that you can know the risks.
Forex trading can be both profitable and costly.
So you should fully understand the risks with the demo trading account, and how much loss can be done in the transaction.
Otherwise, you will lose more than you can tolerate in the actual forex trading, and you may end up withdrawing from forex immediately.
This is where demo training comes into play.
If you analyze yourself how much risk you can tolerate by “how much” and “how much leverage” in the demo trading, you can reduce the risk of serious losses in actual transactions.
In addition to that, you can also try various trading styles such as scalping, day trading, and medium- to long-term trading without risk, which is another advantage of demo training.
However, there are some disadvantages to demo training that beginners tend to fall into.
It is important for FX trading to grasp the disadvantages firmly.
Demerit of forex demo trading account
The biggest demerit of demo trading account is that it is easy to get a habit of trading without tension.
In demo trading account, you don’t actually use your own money, so you don’t have to worry much if you make a lot of money or lose a lot of money.
Not losing money is also a merit of demo training, but it is also a cause of increasing the possibility of continuing transactions without tension.
Be cautious about the assumption that “profit is starting to come out and real FX trading will be okay”.
You could be able to make a profit with the demo training, but many people do not succeed in the actual trading and give up FX trading.
For example, demo trading account has nearly tens of millions of virtual funds available, so it is possible to trade several million dollars in one transaction.
However, it can be said that such a trade is not very realistic if you just started FX.
Even if you happened to make a profit from such a high-risk transaction in the demo trading, if you make the same trade in the production transaction, you could lose a lot and immediately leave the forex market.
Therefore, when using the demo training, it is necessary to have a firm sense of “tension” and “image of profit and loss”.
On the contrary, if you can pay attention to these two points, demo training can be the best tool for practicing forex trading.
3 points you should check before demo trading
Are you looking to trade with demo trading accounts for a while to practice trading forex and cfds?
In case you are looking to open a demo trading account with a forex broker, there are mainly 3 points that you should check beforehand.
See the list of online forex and CFD brokers in the page here.
- Whether the environment is similar to the actual trade
first, let’s focus on whether the demo account and the actual trading environment are similar. If there is a difference in “function” or “ordering method” between the demo account and the actual FX account, you will not be able to make the most of your experience with the demo account. Therefore, when choosing a demo account, we recommend that you choose a demo account that is “similar to the actual transaction”. It’s said that you get used to it rather than learning, but it also means that an environment where you get used to it is important. - Is it easy to order on a smartphone or PC?
The next point is “easy ordering”. Some people use pcs as the trading environment, while others mainly use smartphones. Therefore, “easy ordering” is becoming important. Specifically, let’s check one by one, “whether the order screen has a layout that is easy to understand”, “is it easy to set the order”, and “is it possible to place an order smoothly”? By choosing a demo account that you think is easy to use, you can do demo training without having extra stress. - Market news and analysis
the last point is “rich information” and “easy to see”. Information collection is indispensable for FX trading. The ease of collecting that information becomes very important in actual trading. Therefore, please be careful when selecting a demo account for market information related to FX trading and visibility of economic indicators.
Are you also interested in opening a real trading account to invest seriously?
Start from choosing an account type of FBS here.
And for all real account traders, there are various bonus promotions and trading contests that FBS runs.
Visit the page here for the list of FBS’s all bonus promotions and trading contests.
What is a demo account on forex?
The instructions for opening a forex account
You don’t have to spend your own money on forex right from the beginning of your trading journey. Most brokers offer you demo accounts, which let you test out the forex market with virtual money using real market data. Using a demo account is a good way to learn how to trade. You will be able to practice on real data, but without any real risk of losing money. In such way you will be able to learn everything you need to be a forex pro much faster. To try this account, choose demo upon registering an account with FBS.
Demo trading pros and cons
A demo account gives you a perfect way to practice your trading skills without wasting real money.
It sounds tempting, but there are some pitfalls to consider.
First of all, demo accounts offer a bigger amount of money than a trader will use during a real trade, because trader can choose any amount of money for practice. However, people often choose more than they will really trade with in real life. They take extra money for mistakes. But on the real (live) accounts, traders won’t have so many money for their faults. Moreover, with such a big capital, trader doesn’t understand the real losses as they are easier recouped by a big capital than by a small one.
Secondly, demo account trading lacks real emotions. There is no fear when you have nothing to lose. Fear influences trader’s behavior and not many traders can control their emotions. As a result, it doesn’t make much sense to practice your skills when you do not know how you will behave in situation where you will be under a lot of pressure.
How to benefit with a demo account?
If you follow several rules, the demo account can be a really useful tool for practice.
- Choose the same amount of money as the one you will have on the real account.
- Try to imagine that the money you have on the demo account is real and profits and losses are real too.
- Remember that if you failed to gain profit on a demo account, you will not be able to do it on the real one, so try to learn forex trading and evolve while using the demo account.
Moreover, with FBS you can make real profit on demo account. We have FBS league contest going on among demo traders twice a month. You can join it solo or in the team and make up to $900 in one tour!
When trader needs to use a demo account?
There are various situations when you should use the demo account first.
- If you have no idea how to trade on a trading platform a demo account will help to you learn its features and avoid accidental trades.
- If you want to start using a new trading strategy and want to see whether it works for you. You can use demo account to test this strategy. Afterwards, you may try the strategy in real time. Of course, such test won’t give you a 100% guarantee that the strategy is good, but it’s better than nothing.
- If you decided to use an automated trading program, you can test it on the demo account. Trading program is a robot/expert advisor that is not affected by emotions. It does not matter whether you implement it on demo or real accounts.
- If you came to the forex market just to check your skills and play on the exchange rates. When you do not take trading seriously you may suffer great losses. If you see it as a game, play it on the demo one.
Demo account is a good option for training and beginning of your trading career. You can test your strategies without losing any money. Just remember about the disadvantages you may face with demo trading.
Pay attention to the fact that the minimum deposit at FBS starts from just $1 on real accounts. You can start your trading career with a little money. So, you can limit your risks, while having a real chance to get profits on real account!
FBS live account opening – step by step tutorial and review (2021)
So, you have decided to take the next step in your trading career and open an FBS live account?
As we know that this can be a big moment for you personally and in terms of your trading future, we have decided to help you get started as much as possible.
That is why we have developed FBS live account opening tutorial. It will help you navigate some of the choices you have to make for opening your live account, and choosing one of the many FBS account types available.
Let’s get right to it. Here is our FBS live account tutorial:
Table of contents
74-89% of retail CFD accounts lose money
FBS live account review – things to consider first
Before getting started on anything, there are always a few points to consider. Thinking of these things ahead of the FBS account opening process is simply the best practice to make sure that everything runs as smoothly as possible.
Consider opening a FBS demo account first
An FBS demo account really is the best way to get to know your trading environment better without taking any risk with your funds.
The FBS demo account perfectly replicates the live trading environment and provides the same account selection with all of the same excellent features.
FBS demo account opening absolutely is one of the best ways to hone your trading skills and knowledge prior to progressing through to an FBS live account. It is definitely a path which you should consider.
Things you should prepare before opening a FBS live account
As with any of the best forex brokers, FBS is well regulated. This comes in the form of both cysec and IFSC regulation which helps to cover and protect all traders.
Part of that regulation and a positive mark for the transparency of FBS broker operations is that you do require a couple of documents in order to fully open and verify your account. Preparing these in advance can save you a lot of time.
You will need the following:
- Proof of ID documentation (valid passport or driver’s license would be perfect)
- Proof of residence documentation (dated utility bill or bank statement less than three-months old would be perfect)
- A valid bank card (pictures of front and back required)
- Your national client identifier number
With these documents prepared, you are in a great position to start the FBS live account opening process.
Where is FBS available?
FBS are a major forex broker and typically available in most countries around the world. There are a few exceptions to this, and so., FBS broker is not available in the following places:
- USA
- UK
- Canada
- Japan
- Myanmar
- Brazil
- Malaysia
- Israel
- Iran
Traders located in any other country can trade freely with FBS.
European and international market
Depending on your location, you will notice some differences in the services offered by FBS. This is because the company operates under two different areas. One of these being cysec regulated for european traders, and the other being IFSC regulation for international traders.
The availability of services from FBS live accounts are not specifically determined by the prohibition of cysec regulation (except in the case of bonuses and leverage), but simply because FBS has yet to implement its full range of options in both areas. This is something which they are working hard on and hope to have available very soon.
Base currencies
The base currencies available through your FBS live account will differ slightly depending upon if you are european or international based.
In the european case, you can only use euro as your base currency. It is not possible to convert other currencies.
As an international trader using the IFSC account, you can have euro or US dollar as your base currency. You can also convert other currencies (with a fee) to one of these two.
If you are wondering about ZAR for FBS south africa traders, you cannot trade directly in ZAR, but you can convert it to either USD or EUR.
Looking for an account suited for indonesia?
If you are indonesian, then FBS indonesian account option is perfect for you. You must be indonesian and living there to use this option and it allows you a fix-rate currency exchange of 1 USD-1,000 IDR for trading.
This option cannot be changed once activated.
FBS live account opening tutorial
Now that we have cleared some initial starting points, let’s get down to business with the FBS live account opening tutorial:
Step 1 – completing your personal information
The very first step in the FBS account opening process which you will need to undertake is to head on over to the FBS homepage for your jurisdiction (.Eu for europe, .Com for international). Once you have done this, just click on “open account”. The first image is for the EU site:
And click here for the international site as shown:
Step 2 – registration and confirming your email
The very next thing you will do no matter where you are based is to complete a very simple registration form as shown below. This includes just your full name and email address. Make sure you can verify he email address which you enter.
European trader
If you are an european trader, your next stop will be to verify the email address you just entered. You should have received an email like the one below. Simply click the confirmation link and head back to log in to your account and complete the next step.
International trader
You can simply proceed directly to the next step.
Step 3- completing your FBS live account profile
The next step in the FBS live account creation process is to complete your live account profile. This is really only required in detail for european traders. If you are an international trader, it is not mandated for you to complete an in-depth personal profile and it is likely you can skip straight to choosing your trading platform and uploading your verification documents as outlined in the next steps.
For a european-based trader, the process of completing your live account profile is a three-step one. Having confirmed your email address and logged in to your FBS live account for the first time, you will be presented with the option to “take survey”. This is your live account profile and has to be completed.
The first stage details your personal information a little more depth, including your address and telephone number as shown below. This number will also need to be verified.
The second and third stages of your live account profile completion detail around 10-15 questions related to your employment, trading experience, and a few simple quiz style questions related to trading. This all helps the broker both tailor services to best suit you, and comply with regulation. The images are shared below of each step for your reference.
Step 4 – choose your trading platform
With your live account profile completed you can move straight to selecting your trading platform. You will see this option on the left side of your account dashboard. Just click on “trading platform” and you will be met with the following screen:
Here you can choose your favored platform and proceed to download it, logging in with the details you will have already received on account creation.
Step 5 – uploading your documents to verify your FBS live account
One of the last steps in the FBS live account opening process, and perhaps one of the most daunting for people even though it is relatively simple, is uploading your verification documents. Again we will branch into two sections to go through this one.
European trader
As a european trader once you click the verification button, you will see a screen as below with three separate tabs detailing documents to be uploaded. These are your ID proof, residence proof, and bank card images. Complete one section upload before moving to the next.
The ID and residence documents are as mentioned above, with your passport and a utility bill being the best choice. Ensure to follow the quality rules listed too!
For your bank card, a picture of the front and back will also be required. This helps develop an extra layer of security.
International trader
As an international trader, clicking the verification button will bring up the same screen, but with only one document required. That is your ID proof such as your passport.
Once the documents are uploaded, you are very close to the finish line.
Step 6 – verification pending: your FBS live account is almost ready
Once your documents have been submitted, they will be checked by the FBS live account team. This should take no more than 24 hours in the majority of cases.
Once this is done, you are ready to rock!
Time to start trading on your new FBS live account.
Verifying your FBS live account faster
FBS verification should actually be quite a fast process anyway. With that said, there are always a couple of things you can do to try and speed things along. These include the following:
- Make sure all your documents are valid and in-date.
- Use your passport if possible
- Take clear pictures and make sure the issue date is shown on your residence documents.
- Ensure that these residence documents have been issued in the last 3 months where possible.
Check above for documents to prepare before starting to make sure you have everything ready.
Our opinions on FBS live account
Finally, now that we have hopefully helped you get your FBS live account up and running. Here is our opinion on some of the features and why you might want to trade with FBS.
Advantages of live trading at FBS
There are many great advantages to be had from trading with FBS. This applies whether you are EU or international based.
The european side is catching up fast and still offers an excellent range of markets and with all of the security and transparency which cysec regulation provides.
As an international trader there are two particularly great points. One is the huge range of bonuses you can access. These even include winning real life prizes like cars, vacations, and rolex watches. Amazing stuff!
The second top benefit is the access to truly massive leverage (1:3000 in many markets). This really can help provide a springboard for you to launch your trading career.
Highlights of FBS as a broker
FBS are well known in the industry as a top forex broker so there are many highlights which we could mention in this regard. Two that particularly stand out in our opinion though are the following:
- FBS as a broker have worked really hard to provide the most accessible and yet one of the safest and best regulated brokers in the sector. This is exemplified with their provision of both cysec and IFSC regulation.
- The educational infrastructure provided by FBS is top-notch. This is an important aspect of the best forex brokers which can really help you to excel in your trading career.
74-89% of retail CFD accounts lose money
How to utilize FBS free demo account
I will explain the demo account of FBS, which is a popular broker as FC barcelona sponsor and offer very low cost trading environment.
By opening a demo account, you can practice trading and check the actual trading environment in FBS.
If you have any doubts about the trading environment, it is a good idea to try a demo account before opening a real account.
This article describes the following:
- How to utilize FBS demo account
- Characteristics of FBS demo account
- Notes on FBS demo account
- How to open FBS demo account
Features and benefits of FBS demo account
FBS offers a demo account.
Really tradeable account that is not demo accounts is commonly called “real account”.
When you open a demo account, equity is set in advance.
Just open it and you can start trading immediately.
- Easy registration, no need to submit identity verification documents
- Equity is prepared and you can trade immediately without deposit
- Trading is possible in almost the same environment as the production
- The rate etc. Are the same as the actual production and are reflected in real time
- Products such as currency pairs and cfds offered are the same as real account
- Anyone can use it for free
- No risk of losing your money
What is the purpose of using the FBS demo account?
The demo account can be used for the following purposes.
- Check the trading environment of broker before opening a real account
- Forex beginners practice trading
- Try trading currency pairs and cfds that you haven’t traded before
- Test EA (automatic trading tool)
Check the trading environment
Regarding the first point of checking the trading environment, you can check the following points by actually trading with the demo account of the forex broker.
- Is the information on the official website correct, such as spreads?
- Is there any suspicious point about fluctuations in spreads and prices depending on the time of day and products?
- Is it easy for orders and payments to pass, or is it slippery?
The demo environment of each broker is provided “almost” the same environment as the real account.
You can check the approximate usability with the demo account.
Forex beginners practice trading
The demo account has almost the same environment as the real account, so you can practice trading in a real rate environment.
Even if you are not a beginner, you may use it as a place to practice, such as trying out newly learned methods.
Try trading currency pairs and cfds that you haven’t traded before
This is what I do, sometimes I try to trade currency pairs and cfds that I don’t usually trade.
I can do it with a real account, but since trading of unfamiliar products often loses at first, I use a demo account for verification.
Test EA (automatic trading tool)
EA (automatic trading tool) can be used in MT4 and MT5, a demo account may be used for testing in a real environment (called “forward test”).
Some paid EA’s do not work with demo account, so it is limited, but it is super dangerous to suddenly try EA that you have not used yet with real account, so you need to verify with demo account first.
If you have programming knowledge and skills, you can also develop your own EA using a dedicated language called MQL that runs on metatrader.
If you want to test your own EA, you will use demo account.
Precautions when using the FBS demo account
In this way, anyone can open a demo account for free and it is a trading environment that can be used easily, but there are cautions when using it.
- Strictly not exactly the same environment as a real account
- Withdrawal is not allowed
- Deposit is not allowed
- Demo account cannot become real account
- Lack a feeling of tension
Strictly not exactly the same environment as a real account
Demo account is said to be “almost” the same environment as real account, but it is not exactly the same environment.
If you want to check the usability of a real account strictly, it is best to try using a real account even with very small margin.
Withdrawal is not allowed
Of course, even if you make a profit, you cannot withdraw.
Of course, you cannot withdraw the margin that is set automatically when you opened the demo account.
Deposit is not allowed
You cannot deposit to the demo account.
Even if your margin balance becomes zero during trade verification, you cannot deposit and increase your margin.
In this case you will have to open a demo account again.
In addition, some brokers will increase the margin of the demo account on an application basis.
Demo account cannot become real account
If you like the trading environment and want to continue trading with that broker, you need to open a real account again.
In that case, please note that the account number and the server name to login to metatrader will also change.
Lack a feeling of tension
This is the most important point.
The demo environment is not your own money, so you can trade as much as you want.
Even if you trade in a high lot that you would never normally do and lose a lot, there is no shock.
There is no point in practicing trading or verifying the method if you trade completely differently than usual.
Those brokers who practice and verify trading should keep in mind this part.
Otherwise, you will be doing the same trade, and you will lose in the real account.
FBS demo account specifications
FBS allows you to open demo accounts for all account types.
Therefore, you can actually try out the specifications and trading conditions for each account type.
For more information on FBS account types, see the separate article, “ FBS all account types “.
How to open FBS demo account
From here, I will explain the procedure for opening a demo account in FBS.
In FBS, user registration is required to create a demo account.
After registering as a user, you will be able to login to the member dashboard.
You only need to register as a user, and you do not need to submit your identity verification documents.
Registration is completed in just few minutes.
If you already have a real account, you can login and create an additional demo account from your dashboard.
OPEN ACCOUNT
Trader registration
Open an account
Click + (plus) to open new account on dashboard.
Account type
You can open demo account of any account types.
Account settings
Select trading platform MT4 and MT5.
Account currency is USD only for demo account.
For initial balance, you can set any amount.
Leverage can be changed later.
About leverage setting
With FBS, you can trade with a high leverage of up to 3000 times, but the leverage limit is automatically applied according to the margin balance.
This is also true for demo accounts, where you need to have a margin balance of $ 200 or less to trade at 3000x high leverage.
Demo account has been opened
Your demo account has been opened.
Please find the e-mail containing the login ID to MT4 / MT5 and the server name to login to metatrader.
You can download metatrader by clicking the link in email.
How to install and login to metatrader
If you haven’t installed FBS MT4 and MT5 yet, please refer to “ FBS MT4/MT5 how to install and login ” for PC version of metatrader, and for mobile app, refer to “ how to install MT4/MT5 mobile app ” and install metatrader.
After installation, you can login to metatrader by using login ID, password and server name that was informed by email.
When you login, the margin is already set, so you can trade with demo account now!
Summary
Make good use of the demo account to get used to trading and verify the trading environment.
I recommend that you make sure before opening a real account.
FBS trading account
Standard account
Standard account
Standard account
For experienced market players making their way to forex heights
- Initial deposit $100
- Spread from 1 pip
- Order volume 0.01 - 500 lots
- Leverage up to 1:3000
Cent account
Standard account
Standard account
Perfectly suits those who are just starting on their way to success on forex
- Initial deposit $1
- Spread from 1 pip
- Order volume 0.01 - 1000 cent lots
- Leverage up to 1:1000
Micro account
Standard account
Zero spread account
Ideal for those who want to calculate their profit precisely
- Initial deposit $5
- Spread fixed, from 3 pips
- Order volume 0.01 - 500 lots
- Leverage up to 1:3000
Zero spread account
Zero spread account
Zero spread account
Designed for those who prefer trading at the fastest speed
- Initial deposit $500
- Spread fixed, 0 pip
- Order volume 0.01 - 500 lots
- Leverage up to 1:3000
ECN account
Zero spread account
Unlimited account
For those who want to feel the full power of trading with ECN technologies.
- Initial deposit $1000
- Spread from -1 pip
- Order volume 0.1 - 500 lots
- Leverage up to 1:500
Unlimited account
Zero spread account
Unlimited account
For top traders whose orders turn forex markets upside down
- Initial deposit $500
- Spread from 0.2 pip
- Order volume 0.1 - 500 lots
- Leverage up to 1:500
so, let's see, what we have: open your free FBS demo account and discover all the things you can do with it, features, accounts, types and a complete review. Open it now. At open fbs demo account
Contents of the article
- Free forex bonuses
- FBS demo account - opening tutorial and review...
- FBS demo account opening tutorial
- Step 1 – getting started with your FBS demo...
- Step 2 – FBS demo account – what...
- Step 3 – fill in registration form
- Step 4 – confirm the account via email/telephone
- Step 5 – first login into the demo account
- Step 6 – choosing your FBS demo account platform
- FBS demo account review
- What types of FBS demo account are available?
- FBS demo account features, restrictions and...
- Advantages of trading with an FBS demo account
- FBS demo account management
- How to open FBS's demo FX trading account?
- How to open FBS's demo trading account with...
- Open FBS demo trading account. Table of contents
- How to open FBS’s demo forex trading account?
- What’s the merit of FX demo trading?
- 1. Understand the FX trading flow
- 2. See the movement of the exchange in real time
- 3. Measure your risk tolerance
- Demerit of forex demo trading account
- 3 points you should check before demo trading
- How to utilize FBS free demo account
- Features and benefits of FBS demo account
- What is the purpose of using the FBS demo account?
- Check the trading environment
- Forex beginners practice trading
- Try trading currency pairs and cfds that you...
- Test EA (automatic trading tool)
- Precautions when using the FBS demo account
- Strictly not exactly the same environment as a...
- Withdrawal is not allowed
- Deposit is not allowed
- Demo account cannot become real account
- Lack a feeling of tension
- FBS demo account specifications
- How to open FBS demo account
- OPEN ACCOUNT
- Trader registration
- Open an account
- Account type
- Account settings
- About leverage setting
- Demo account has been opened
- How to install and login to metatrader
- Summary
- How to open FBS's demo FX trading account?
- How to open FBS's demo trading account with...
- Open FBS demo trading account. Table of contents
- How to open FBS’s demo forex trading account?
- What’s the merit of FX demo trading?
- 1. Understand the FX trading flow
- 2. See the movement of the exchange in real time
- 3. Measure your risk tolerance
- Demerit of forex demo trading account
- 3 points you should check before demo trading
- What is a demo account on forex?
- The instructions for opening a forex account
- Demo trading pros and cons
- How to benefit with a demo account?
- When trader needs to use a demo account?
- FBS live account opening – step by step tutorial...
- FBS live account review – things to consider first
- Consider opening a FBS demo account first
- Things you should prepare before opening a FBS...
- Where is FBS available?
- European and international market
- Base currencies
- Looking for an account suited for indonesia?
- FBS live account opening tutorial
- Step 1 – completing your personal information
- Step 2 – registration and confirming your email
- European trader
- International trader
- Step 3- completing your FBS live account profile
- Step 4 – choose your trading platform
- Step 5 – uploading your documents to verify your...
- European trader
- International trader
- Step 6 – verification pending: your FBS live...
- Verifying your FBS live account faster
- Our opinions on FBS live account
- How to utilize FBS free demo account
- Features and benefits of FBS demo account
- What is the purpose of using the FBS demo account?
- Check the trading environment
- Forex beginners practice trading
- Try trading currency pairs and cfds that you...
- Test EA (automatic trading tool)
- Precautions when using the FBS demo account
- Strictly not exactly the same environment as a...
- Withdrawal is not allowed
- Deposit is not allowed
- Demo account cannot become real account
- Lack a feeling of tension
- FBS demo account specifications
- How to open FBS demo account
- OPEN ACCOUNT
- Trader registration
- Open an account
- Account type
- Account settings
- About leverage setting
- Demo account has been opened
- How to install and login to metatrader
- Summary
- FBS trading account
- Standard account
- Standard account
- Standard account
- Cent account
- Standard account
- Standard account
- Micro account
- Standard account
- Zero spread account
- Zero spread account
- Zero spread account
- Zero spread account
- ECN account
- Zero spread account
- Unlimited account
- Unlimited account
- Zero spread account
- Unlimited account
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