Fbs zero spread account
All brokers below are zero spread accounts. Learn more about what they offer below.
Free forex bonuses
There are a number of important factors to consider when picking an online zero spread accounts trading brokerage.
Top zero spread accounts for 2021
We found 11 online brokers that are appropriate for trading zero spread accounts.
Best zero spread accounts guide
Zero spread accounts
When trading foreign exchange markets the variation between the ASK and BID price is known as a spread. The spread represents brokerage costs and typically replaces broker commission and fees when trading.
With a zero spread account the broker offers an account that has no deviation in the ask and bid price. They are the same.
It said by some trading experts in the forex industry that if you are dealing in ‘day-trading’ or ‘high-frequency scalping,’ it is better to opt for brokers that offer for zero spread accounts.
Zero spread accounts let you know your entry and exit levels before opening a trading position. Because with zero spread accounts the bid and ask price are the same.
What are zero spread accounts
Lets understand zero spread accounts before discussing the advantages and disadvantages of trading with a zero spread broker account. Zero spread accounts are offered by many brokers and are similar to basic trading accounts but without any difference between the 'ask price' and 'bid price.' zero spread accounts have the same ask and bid price. These accounts are helpful when you want to know calculate the non-trading losses. One of the important non-trading losses is the slippage.
Before the birth of STP brokers and ECN brokers, all brokers claimed to offer low commission rates or low spreads, but with the advent of new technologies, zero spread accounts were introduced to offer traders the better trading prices. Many brokers adopted zero spread accounts to allow them to remain competitive against other brokerages.
Advantages of zero spread accounts
Zero spread accounts offer low commission fees and low spreads. Zero spread accounts are suitable for day trading and high frequency scalping trading.
Zero spread accounts allows traders to gain access to the live market spreads without any additional mark up on the spread by your broker.
If you are a small trader and don't like to widen your spreads, zero spread accounts are a good choice. If you place your bid on the wrong side, you can change the trade bias and there will be no more damage to your account by the spread.
With zero spread accounts pricing is sourced from several liquidity providers. Commencing a trade at the order price is essentially assured.
Disadvantages of zero spread accounts
Be aware that brokers don't make much money from your zero spread accounts and so they may try other ways to make money from you.
A broker may require a smaller or higher leverage when trading. Zero spread accounts often have higher minimum deposits required by the broker before trading can commence. Some brokers may not apply negative balance protection on zero spread accounts. Zero spread accounts will often have tighter stop loss levels and margins make sure you check with your broker before making any deposits.
Zero spread accounts brokers’ comparisons
The first and foremost thing to look at is the commission a zero spread accounts broker is charging from you. Usually, it may be a nominal fee or commission and added to it would be a small markup.
You may also find some brokers who may not charge any commission. In such a condition, your position may not be sent to the liquidity providers.
Zero spread accounts verdict
Zero spread accounts are gaining popularity lately due to the many features which are suited towards beginners. Brokers offer zero spread are attracting traders who want to experience forex trading without taking much risk with low transaction costs.
However, be aware that nothing comes for free in this world even if a broker says the zero spread accounts offered are free of any commission or fee. Traders are urged to examine the fees or commission as well as the tactics employed by the broker to make money from you.
We've collected thousands of datapoints and written a guide to help you find the best zero spread accounts for you. We hope this guide helps you find a reputable broker that matches what you need. We list the what we think are the best zero spread accounts below. You can go straight to the broker list here.
Reputable zero spread accounts checklist
There are a number of important factors to consider when picking an online zero spread accounts trading brokerage.
- Check your zero spread accounts broker has a history of at least 2 years.
- Check your zero spread accounts broker has a reasonable sized customer support of at least 15.
- Does the zero spread accounts broker fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
- Check your zero spread accounts broker has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
- Does your zero spread accounts broker have an international presence in multiple countries. This includes local seminar presentations and training.
- Make sure your zero spread accounts can hire people from various locations in the world who can better communicate in your local language.
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
Our brokerage comparison table below allows you to compare the below features for brokers offering zero spread accounts.
We compare these features to make it easier for you to make a more informed choice.
- Minimum deposit to open an account.
- Available funding methods for the below zero spread accounts.
- What you are able to trade with each brokerage.
- Trading platforms offered by these brokers.
- Spread type (if applicable) for each brokerage.
- Customer support levels offered.
- We show if each brokerage offers micro, standard, VIP and islamic accounts.
Top 15 zero spread accounts of 2021 compared
Here are the top zero spread accounts.
Compare zero spread accounts min deposits, regulation, headquarters, benefits, funding methods and fees side by side.
All brokers below are zero spread accounts. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more zero spread accounts that accept zero spread accounts clients
FBS minimum deposit guide (2021)
If you have read our FBS review then it is already very likely that you know a great deal about what this major forex broker has to offer.
Here though we take the opportunity to hone in on some specifics.
These specifics are the various funding methods made available at FBS and particularly the FBS minimum deposit and how this can change depending on the choices you make.
Table of contents
74-89% of retail CFD accounts lose money
FBS account base currency
The FBS base currencies are limited. If you are trading from within europe, you can only access euro as your base currency and deposit in euro only. You also cannot convert other currencies into euro through FBS.
If you are trading from another location within the international market then you will have access to two base currencies in the form of euro and USD. In this case, if you find the account with another currency, it is possible you will incur a conversion fee.
FBS funding and deposit methods
As a major forex broker, FBS makes a wide number of options available for you to choose from when funding your account. We have detailed these below and the FBS fees which are associated with each method.
Wire transfer
FBS deposit by wire transfer funding is available around the world and comes with no fees attached at all. With this said, you will want to double-check your bank’s policy of wire transfers since it is possible to incur a fee from their side, but never from the broker side in the case of FBS.
This deposit method takes 3-4 business days in order to be processed and available for trading.
Credit/debit cards
FBS credit and debit card deposits are of course also available. In this situation, visa and mastercard are both accepted although mastercard is only available within europe, while visa deposits are available around the world.
Deposits made through this method are instant and immediately available to trade within your FBS account. There are also no fees associated with this form of deposit.
Ewallets
FBS ewallet deposits are an increasingly popular way to fund your trading account. For that reason, the broker makes both neteller, and skrill available worldwide for funding.
Perfectmoney is another ewallet service which is available for FBS traders outside of europe only. Bitcoin deposits are also not permitted within the EU.
The ewallet deposits will not encounter any type of FBS fee and are also instantly available to trade with.
Deposits from indonesia
With FBS there are special exceptions made when it comes to deposits from indonesia. Indonesian traders can benefit from a fixed-rate currency exchange of 10,000 IDR for 1 USD. This means that you will not be impacted at all by currency fluctuation when making your FBS deposit.
Additional methods of deposit which are available to indonesian traders include local bank deposits from BCA, BNI, BRI, and more local banks in the country. This should make it very easy and fast to deposit.
Every deposit method offered in this case is fee-free with the exception of stic pay which charges a minimal commission. Both fasapay and perfectmoney are available without any fees.
The only point to note is that bank deposits will also still incur a commission based on your bank and their policy. All the methods noted, allow for an instant deposit to your account. The exception again here is banks which can take up to 24-hours.
Other methods
There are other FBS deposit methods available aside from what we have mentioned. This is particularly the case outside of the EU in areas such as the middle east and asia. Bitwallet is one such method available only in japan.
When it comes to other methods, the minimum deposit for FBS may vary along with some fees.
FBS minimum deposits
Having looked at the various funding methods available, let’s look closer at the FBS account types, of which there are many, and the minimum deposit FBS applies in each case.
Cent account
The FBS cent account is one that offers great value particularly to new traders, trading in cents.
This account type is available worldwide and has a very reasonable minimum deposit of 10 EUR within the EU or just $1 USD when trading outside of europe. This account has been also featured in our forex brokers with low minimum deposit guide.
FBS islamic accounts are also available.
Standard account
The FBS standard account is again one that the broker makes available to traders around the world.
Islamic accounts are always available should you require one, and the minimum deposit here stands at 100 EUR within the EU or $100 if you are trading under international regulation.
Micro account
The FBS micro account is only available to those trading from outside europe and it trades with micro lots. The account type offers excellent value again with a minimum deposit of just $5 to trade, and FBS islamic accounts available on request.
Zero account
Another account that is available only outside europe is the FBS zero account. This account makes zero spread trading available although there are commissions in place.
The FBS minimum deposit on these accounts will set you back $500 with the option of an islamic account again available if needed.
ECN account
Continuing the trend of only being available outside europe, the FBS ECN account provides for fast, effective ECN execution of your trades at the best prices and with the lowest spreads. Commissions are charged though, and only forex trading is available.
The ECN account features a minimum deposit of $1,000.
Copytrading account
The final FBS account type to take a look at is the copytrading account. This is again only available to those trading from outside europe and you can choose to be a signal provider or an investor.
If you choose to be a signal provider, you should be aware that you will only be allowed to open standard or micro account types and so you will be subject to those conditions and minimum deposits associated with those accounts.
As an investor, also known as a copytrader, you can open any account type and start to copy trade once your account is verified and you have a balance of more than $100. So, in the end, the FBS copy trade minimum deposit is 100$.
Related guides:
FBS deposit bonus
Lastly, after all the FBS broker minimum deposit variables, we will take a look at the FBS bonus conditions and criteria. This will help ensure that you do not miss out on an FBS bonus if one is available to you.
No deposit bonus
An FBS no deposit bonus of $100 is available to you as a trader under certain conditions. Among these conditions are that you cannot withdraw the money immediately. So, as such, you cannot withdraw this base FBS bonus. What you can do though is withdraw the profits you make on the bonus in the event that you successfully trade at least 5 lots within a 30-day timeframe.
$123 no deposit bonus
The FBS 123 bonus is one that used to be available. It is no longer available however and has since been replaced with the no deposit bonus which we mentioned above. This still represents a positive FBS bonus deal for the majority of traders.
100% deposit
An FBS deposit bonus is also available on request and under certain conditions. This means that you can effectively double your FBS deposit depending on the circumstances up to a limit.
FBS pro challenge
The final FBS bonus we will take a look at is the FBS pro challenge. In fact, this is not a direct type of deposit bonus, but it is a special type of contest event which is periodically opened to FBS traders to participate in.
With this type of challenge, you typically get to trade with a $10,000 FBS demo account on 100:1 leverage. If you are successful in making the most profit among your fellow competitors on this demo account over a 2-week period, then you will receive an FBS bonus amount of $450.
74-89% of retail CFD accounts lose money
FBS - zero spread account
About the zero spread account of cfds, commodities, forex, indices, precious metals (metatrader 4/STP) offered by FBS.
Type and conditions
Please rate this trading account
*3 stars are standard line.
General trading conditions
By opening an zero spread account with FBS, you can trade cfds, commodities, forex, indices, precious metals through metatrader 4 trading platform.
Mainly FBS zero spread account offers STP execution model, the maximum leverage is 1:3,000, spread is fixed from 0 pips.
Available base currencies
The account bsse currency is only available in EUR, USD.
Negative balance protection
FBS adopts NBP(negative balance protection), this means that you will not lose more than you deposit in your forex & cfds investment.
Margin call & stop out
In the zero spread account, margin call is 40% and stop out is set to 20%, so all your positions will be automatically closed when the margin level reaches down to 20%.
Allow trading strategies
FBS allows eas (expert adviser, automated trading), scalping, hedging, news time trading trading in a platform of zero spread account.
Before opening accounts with FBS, find out more information and their promotions.
Click here to find out more company details.
FBS trading accounts comparison
Here are the details of all forex trading accounts of FBS.
FBS is an online forex & CFD broker based in belize and founded in 2009.
1:3000 highest leverage in the world & gorgeous bonus promotions only with FBS.
Comments
Leave a reply cancel reply
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Today my order got moved during news and I was using a zero spread account with FBS…if they say it’s applicable for trading news why do they move pending orders…like I was one the minute chart while trading…there was no gap on the chart but when they moved and opened my pending order they called it a gap
Been using fbs’s free vps for months and everything is going well. Even withdrawed over 4k last week with no problem. Great work fbs for these well-organized systems.
Says that fbs offer 3000 leverage but I can’t even select it for my mt5 account. What’s the reason?
I’ve had excellent experience with fbs right from the start, 6 years ago, till now. Everything works easily and quite well. The customer support is really awesome. I would give 10 stars if there was option for that!
I am joining FBS since 2016, 1. CS speak in my language 2. CS very helpful 3. Low spread and high leverage 4. Very fast transactions and I am very happy with this broker, very good FBS,
Honestly I believe fbs is the best fx broker among many. Spread can be better but their support is too good to be missed. Totally recommended.
Very friendly. I traded with several fx brokers but fbs support is really nice.
Very good broker. My account support helps me very nice and now no problem at all!
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Who is hercules.Finance?
Hercules.Finance is a financial education website powered by a team of financial specialists and IT experts, mainly introduce solutions of forex, CFD and commodity investment, and a number of payment services. With more than 30 partnered companies all over the world, hercules.Finance offers trusted and timely information for investors and users of the services. By referring to hercules.Finance, you can find all latest news/information, financial technical/fundamental analysis, main/exclusive bonus promotions of partnered companies and a number of educational materials of finance. For the list of all partnered companies, please visit here. For more latest information of the website, please visit hercules.Finance.
Risk warning
Foreign exchange and contracts for difference ("cfds") are complex financial products that are traded on margin. Trading forex & cfds carries a high level of risk since leverage can work both to your advantage and disadvantage. As a result, forex & cfds may not be suitable for all investors because you may lose all your invested capital. You should not risk more than you are prepared to lose. Before deciding to trade, you need to ensure that you understand the risks involved taking into account your investment objectives and level of experience. Past performance of forex & cfds is not a reliable indicator of future results. All information on hercules is only published for general information purposes. We do not present any guarantees for the accuracy and reliability of this information. Please note the spreads displayed in the website are all included extra trading commissions, as it shows the whole commissions charged by each broker. Before you engage in trading foreign exchange, please make yourself acquainted with its specifics and all the risks associated with it. Any action you take upon the information you find on this website is strictly at your own risk and we will not be liable for any losses and/or damages in connection with the use of our website.
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
FBS - zero spread account
About the zero spread account of cfds, commodities, forex, indices, precious metals (metatrader 4/STP) offered by FBS.
Type and conditions
Please rate this trading account
*3 stars are standard line.
General trading conditions
By opening an zero spread account with FBS, you can trade cfds, commodities, forex, indices, precious metals through metatrader 4 trading platform.
Mainly FBS zero spread account offers STP execution model, the maximum leverage is 1:3,000, spread is fixed from 0 pips.
Available base currencies
The account bsse currency is only available in EUR, USD.
Negative balance protection
FBS adopts NBP(negative balance protection), this means that you will not lose more than you deposit in your forex & cfds investment.
Margin call & stop out
In the zero spread account, margin call is 40% and stop out is set to 20%, so all your positions will be automatically closed when the margin level reaches down to 20%.
Allow trading strategies
FBS allows eas (expert adviser, automated trading), scalping, hedging, news time trading trading in a platform of zero spread account.
Before opening accounts with FBS, find out more information and their promotions.
Click here to find out more company details.
FBS trading accounts comparison
Here are the details of all forex trading accounts of FBS.
FBS is an online forex & CFD broker based in belize and founded in 2009.
1:3000 highest leverage in the world & gorgeous bonus promotions only with FBS.
Comments
Leave a reply cancel reply
This site uses akismet to reduce spam. Learn how your comment data is processed.
Today my order got moved during news and I was using a zero spread account with FBS…if they say it’s applicable for trading news why do they move pending orders…like I was one the minute chart while trading…there was no gap on the chart but when they moved and opened my pending order they called it a gap
Been using fbs’s free vps for months and everything is going well. Even withdrawed over 4k last week with no problem. Great work fbs for these well-organized systems.
Says that fbs offer 3000 leverage but I can’t even select it for my mt5 account. What’s the reason?
I’ve had excellent experience with fbs right from the start, 6 years ago, till now. Everything works easily and quite well. The customer support is really awesome. I would give 10 stars if there was option for that!
I am joining FBS since 2016, 1. CS speak in my language 2. CS very helpful 3. Low spread and high leverage 4. Very fast transactions and I am very happy with this broker, very good FBS,
Honestly I believe fbs is the best fx broker among many. Spread can be better but their support is too good to be missed. Totally recommended.
Very friendly. I traded with several fx brokers but fbs support is really nice.
Very good broker. My account support helps me very nice and now no problem at all!
Related
Related trading accounts
Features
Windsor brokers loyalty programme
Windsor brokers 20% deposit bonus
Windsor brokers $30 free account
US stocks pre-market trading is now available with exness
FBS 12th anniversary raffle
Land-FX wins the best trading platform award by world forex award
MTN money payment is available for rwanda
Traders trust adds exotic FX pairs - HKD, SGD, CZK, ZAR and more
Interviewing the top forex trader who won the hotforex contest
What's the most profitable forex currency pairs?
Make a deposit to yadix MT4 with perfect money
Hotforex south africa (ZA) now accepts direct online bank transfer deposit
All forex brokers
All crypto-currency exchanges
Latest article
Windsor brokers loyalty programme
Windsor brokers' loyalty programme will reward you for redeemable points.
Windsor brokers 20% deposit bonus
Deposit at least 500 USD to get 20% bonus from windsor brokers.
Windsor brokers $30 free account
Open windsor brokers' $30 free account to start trading without risking your own funds.
US stocks pre-market trading is now available with exness
What is pre-market trading of US stocks? How does it work?
FBS 12th anniversary raffle until 2021/7/1
FBS celebrates the 12th anniversary with prizes totaling $1,200,000.
Land-FX wins the best trading platform award by world forex award
Land-FX MT4 and MT5 are awarded as the best trading platform.
MTN money payment is available for rwanda
Deposit your superforex account with MTN money.
Page navigation
Hercules.Finance
Sitemap
Services
- Bonds
- Cfds
- Commodities
- Copy trade
- Cryptocurrency
- Energies
- Etfs
- Forex
- Indices
- Metals
- Mirror trade
- Social trade
- Stocks
Promotions
Community & support
Who is hercules.Finance?
Hercules.Finance is a financial education website powered by a team of financial specialists and IT experts, mainly introduce solutions of forex, CFD and commodity investment, and a number of payment services. With more than 30 partnered companies all over the world, hercules.Finance offers trusted and timely information for investors and users of the services. By referring to hercules.Finance, you can find all latest news/information, financial technical/fundamental analysis, main/exclusive bonus promotions of partnered companies and a number of educational materials of finance. For the list of all partnered companies, please visit here. For more latest information of the website, please visit hercules.Finance.
Risk warning
Foreign exchange and contracts for difference ("cfds") are complex financial products that are traded on margin. Trading forex & cfds carries a high level of risk since leverage can work both to your advantage and disadvantage. As a result, forex & cfds may not be suitable for all investors because you may lose all your invested capital. You should not risk more than you are prepared to lose. Before deciding to trade, you need to ensure that you understand the risks involved taking into account your investment objectives and level of experience. Past performance of forex & cfds is not a reliable indicator of future results. All information on hercules is only published for general information purposes. We do not present any guarantees for the accuracy and reliability of this information. Please note the spreads displayed in the website are all included extra trading commissions, as it shows the whole commissions charged by each broker. Before you engage in trading foreign exchange, please make yourself acquainted with its specifics and all the risks associated with it. Any action you take upon the information you find on this website is strictly at your own risk and we will not be liable for any losses and/or damages in connection with the use of our website.
Compare zero spread brokers
For our zero spread accounts comparison, we found 5 brokers that are suitable and accept traders from ukraine.
We found 5 broker accounts (out of 147) that are suitable for zero spread accounts.
XM group
Spreads from
What can you trade?
- Forex
- Crypto currencies
- Indices
- Commodities
- Stocks
- Etfs
About XM group
Platforms
Funding methods
78.04% of retail investors lose money when trading spread bets and cfds with this provider.
Roboforex
Spreads from
What can you trade?
- Forex
- Crypto currencies
- Indices
- Commodities
- Stocks
- Etfs
About roboforex
Platforms
Funding methods
Losses can exceed deposits
Forextime
Spreads from
What can you trade?
- Forex
- Crypto currencies
- Indices
- Commodities
- Stocks
- Etfs
About forextime
Platforms
Funding methods
Cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. 83% of retail investor accounts lose money when trading cfds with this provider. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.
Axitrader
Spreads from
What can you trade?
- Forex
- Crypto currencies
- Indices
- Commodities
- Stocks
- Etfs
About axitrader
Platforms
Funding methods
68.5% of retail investor accounts lose money when trading cfds with this provider. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.
Thinkmarkets
Spreads from
What can you trade?
- Forex
- Crypto currencies
- Indices
- Commodities
- Stocks
- Etfs
About thinkmarkets
Platforms
Funding methods
Losses can exceed deposits
Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.
The ultimate guide to
Using zero spread accounts in forex trading
Zero spread accounts are trading accounts offered by brokers that have no difference between the bid and ask price. Such accounts allow traders to know in advance what their entry and exit levels will be when they open positions.
Zero spread accounts are also helpful for calculating non-trading losses, such as slippage, and are ideal for some forex strategies including high-frequency scalping and day trading.
When forex brokers started offering their services, they touted their low spreads and low commission rates as their primary marketing tools. However, with the advent of electronic communication network (ECN) brokers and straight through processing (STP) brokers competing for best price, zero spread accounts became the newest trending marketing tool forex brokers used to entice potential traders.
Advantages of zero spread accounts
Zero spread accounts offer small traders the chance to compute their executions precisely, without the issue of tightening or widening of spreads.
For example, when trading on the wrong side of the move of a USD/JPY during a big fundamental data release, like the rate decision of the bank of japan, having a zero spread account would allow traders to change their trade bias accordingly, without the additional damage to their trading account caused by a spiking forex spread (which could be more than 300 pips greater than a normal spread) on a normal forex account.
Disadvantages of zero spread accounts
However, there are disadvantages to zero spread accounts. Forex brokers also have to make money in various other ways. These brokers might offer fixed commissions (thus, simulating the fixed spread accounts), smaller/bigger leverage, bigger initial account opening size, slightly slower execution speeds, non-application of negative balance protection, tighter margin calls and stop loss levels, or various permutations of the above mentioned tactics.
How to compare brokers that offer zero spread accounts
One of the first things to look out for when comparing zero spread account brokers is how much commission they charge. Some brokers charge a nominal commission or fee, as well as adding a small markup to the spreads, whilst claiming to be zero spread brokers.
There are also brokers who offer zero spreads without commission. They tend to be dealing desk brokers who do not send clients’ positions into the open market (liquidity providers).
Conclusion
In conclusion, zero spread forex trading offers new traders the opportunity to try out currency trading without being exposed to high transaction costs.
However, the milton friedman’s economic principle that “there is no such thing as a free lunch” also applies to the forex market, and especially to zero spread accounts. Traders therefore need to examine commission, fees, and tactics employed by the broker that may provide them with the opportunity to make money from their clients.
Why choose XM group
for zero spread accounts?
XM group scored best in our review of the top brokers for zero spread accounts, which takes into account 120+ factors across eight categories. Here are some areas where XM group scored highly in:
- 9+ years in business
- Offers 261+ instruments
- A range of platform inc. MT4, MT5, mac, web trader, tablet & mobile apps
XM group offers two ways to tradeforex, cfds. If you wanted to trade EURUSD
The two most important categories in our rating system are the cost of trading and the broker’s trust score. To calculate a broker’s trust score, we take into account a range of factors, including their regulation history, years in business, liquidity provider etc.
XM group have a B trust score. This is largely down to them being regulated by IFSC, cysec, and ASIC, segregating client funds, being segregating client funds, being established for over 9
Trust score comparison
XM group | roboforex | forextime | |
---|---|---|---|
trust score | B | B | B |
established in | 2009 | 2009 | 2011 |
regulated by | IFSC, cysec, and ASIC | IFSC belize | cysec |
uses tier 1 banks | |||
company type | private | private | private |
segregates client funds |
A comparison of XM group vs. Roboforex vs. Forextime
Want to see how XM group stacks up against roboforex and forextime? We’ve compared their spreads, features, and key information below.
FBS minimum deposit guide (2021)
If you have read our FBS review then it is already very likely that you know a great deal about what this major forex broker has to offer.
Here though we take the opportunity to hone in on some specifics.
These specifics are the various funding methods made available at FBS and particularly the FBS minimum deposit and how this can change depending on the choices you make.
Table of contents
74-89% of retail CFD accounts lose money
FBS account base currency
The FBS base currencies are limited. If you are trading from within europe, you can only access euro as your base currency and deposit in euro only. You also cannot convert other currencies into euro through FBS.
If you are trading from another location within the international market then you will have access to two base currencies in the form of euro and USD. In this case, if you find the account with another currency, it is possible you will incur a conversion fee.
FBS funding and deposit methods
As a major forex broker, FBS makes a wide number of options available for you to choose from when funding your account. We have detailed these below and the FBS fees which are associated with each method.
Wire transfer
FBS deposit by wire transfer funding is available around the world and comes with no fees attached at all. With this said, you will want to double-check your bank’s policy of wire transfers since it is possible to incur a fee from their side, but never from the broker side in the case of FBS.
This deposit method takes 3-4 business days in order to be processed and available for trading.
Credit/debit cards
FBS credit and debit card deposits are of course also available. In this situation, visa and mastercard are both accepted although mastercard is only available within europe, while visa deposits are available around the world.
Deposits made through this method are instant and immediately available to trade within your FBS account. There are also no fees associated with this form of deposit.
Ewallets
FBS ewallet deposits are an increasingly popular way to fund your trading account. For that reason, the broker makes both neteller, and skrill available worldwide for funding.
Perfectmoney is another ewallet service which is available for FBS traders outside of europe only. Bitcoin deposits are also not permitted within the EU.
The ewallet deposits will not encounter any type of FBS fee and are also instantly available to trade with.
Deposits from indonesia
With FBS there are special exceptions made when it comes to deposits from indonesia. Indonesian traders can benefit from a fixed-rate currency exchange of 10,000 IDR for 1 USD. This means that you will not be impacted at all by currency fluctuation when making your FBS deposit.
Additional methods of deposit which are available to indonesian traders include local bank deposits from BCA, BNI, BRI, and more local banks in the country. This should make it very easy and fast to deposit.
Every deposit method offered in this case is fee-free with the exception of stic pay which charges a minimal commission. Both fasapay and perfectmoney are available without any fees.
The only point to note is that bank deposits will also still incur a commission based on your bank and their policy. All the methods noted, allow for an instant deposit to your account. The exception again here is banks which can take up to 24-hours.
Other methods
There are other FBS deposit methods available aside from what we have mentioned. This is particularly the case outside of the EU in areas such as the middle east and asia. Bitwallet is one such method available only in japan.
When it comes to other methods, the minimum deposit for FBS may vary along with some fees.
FBS minimum deposits
Having looked at the various funding methods available, let’s look closer at the FBS account types, of which there are many, and the minimum deposit FBS applies in each case.
Cent account
The FBS cent account is one that offers great value particularly to new traders, trading in cents.
This account type is available worldwide and has a very reasonable minimum deposit of 10 EUR within the EU or just $1 USD when trading outside of europe. This account has been also featured in our forex brokers with low minimum deposit guide.
FBS islamic accounts are also available.
Standard account
The FBS standard account is again one that the broker makes available to traders around the world.
Islamic accounts are always available should you require one, and the minimum deposit here stands at 100 EUR within the EU or $100 if you are trading under international regulation.
Micro account
The FBS micro account is only available to those trading from outside europe and it trades with micro lots. The account type offers excellent value again with a minimum deposit of just $5 to trade, and FBS islamic accounts available on request.
Zero account
Another account that is available only outside europe is the FBS zero account. This account makes zero spread trading available although there are commissions in place.
The FBS minimum deposit on these accounts will set you back $500 with the option of an islamic account again available if needed.
ECN account
Continuing the trend of only being available outside europe, the FBS ECN account provides for fast, effective ECN execution of your trades at the best prices and with the lowest spreads. Commissions are charged though, and only forex trading is available.
The ECN account features a minimum deposit of $1,000.
Copytrading account
The final FBS account type to take a look at is the copytrading account. This is again only available to those trading from outside europe and you can choose to be a signal provider or an investor.
If you choose to be a signal provider, you should be aware that you will only be allowed to open standard or micro account types and so you will be subject to those conditions and minimum deposits associated with those accounts.
As an investor, also known as a copytrader, you can open any account type and start to copy trade once your account is verified and you have a balance of more than $100. So, in the end, the FBS copy trade minimum deposit is 100$.
Related guides:
FBS deposit bonus
Lastly, after all the FBS broker minimum deposit variables, we will take a look at the FBS bonus conditions and criteria. This will help ensure that you do not miss out on an FBS bonus if one is available to you.
No deposit bonus
An FBS no deposit bonus of $100 is available to you as a trader under certain conditions. Among these conditions are that you cannot withdraw the money immediately. So, as such, you cannot withdraw this base FBS bonus. What you can do though is withdraw the profits you make on the bonus in the event that you successfully trade at least 5 lots within a 30-day timeframe.
$123 no deposit bonus
The FBS 123 bonus is one that used to be available. It is no longer available however and has since been replaced with the no deposit bonus which we mentioned above. This still represents a positive FBS bonus deal for the majority of traders.
100% deposit
An FBS deposit bonus is also available on request and under certain conditions. This means that you can effectively double your FBS deposit depending on the circumstances up to a limit.
FBS pro challenge
The final FBS bonus we will take a look at is the FBS pro challenge. In fact, this is not a direct type of deposit bonus, but it is a special type of contest event which is periodically opened to FBS traders to participate in.
With this type of challenge, you typically get to trade with a $10,000 FBS demo account on 100:1 leverage. If you are successful in making the most profit among your fellow competitors on this demo account over a 2-week period, then you will receive an FBS bonus amount of $450.
74-89% of retail CFD accounts lose money
Zero pip spread forex brokers
Once the technology-driven trading environment appeared and showed its growing demand along with increasing trader’s awareness, many of the brokers and trading providers included into their offerings low-cost solution.
Within the market there are situations happening while the intensity on both buy and sell orders are in high demand, which means that the spread or difference between the prices dropping to 0. Thus, the spreads will start from 0 pips through the received interbank quotes, while trading costs are most commonly charged by the fixed commission per trade.
- The zero spread forex brokers are typically NDD, STP or ECN companies that provides direct access to the market and deep liquidity.
- That’s definitely obvious that zero spread reduces the trading costs and are useful for scalpers, high-volume traders and those who trade with expert advisors.
However, it is remaining recommended to more experienced or professional traders engage in these types of accounts, as it’s necessary to understand financial markets and the trading process itself deeply. Apart from that it, in order to perform successful operations the choice of trustful broker remains as paramount, do not get allured by various allegedly attractive 0 spread opportunities from brokers with non-confirmed status or with no regulation or offshore nature. Unfortunately, many of those “technological driven” companies turn out to be scams and only well-regulated broker are able to provide true zero spread environment.
Fxdailyreport.Com
In forex trading, the difference between a bid price and an asking price is known as a spread. Therefore a zero spread account is a type of account that has no difference between bid prices and ask price. A zero spread forex broker is a brokerage firm that offers its traders zero spread accounts. In other words, the spread takes the place of a typical transaction fees, meaning that you don’t have to pay anything.
With this unique account, you as the trader is aware of your entry and exit stages in advance. This means that when you open a trade in a particular position, you automatically know your exit point. This could be an enormous advantage to some traders.
While using a broker that offers this kind of account, it helps to understand that when the spread becomes bigger, the cost of trading rises. On the other hand, when the spread is narrow the cost stays low.
Top forex brokers with starting from 0 pip spreads
broker | info | bonus | open account |
---|---|---|---|
min deposit: $5 spread: from 0.2 pips leverage: 500:1 regulation: FSA (saint vincent and the grenadines), cysec | 50% deposit bonus, real contest 1st prize luxury car BMW X5 M, copy trading, trade&win. | Visit broker | |
min deposit: $1 spread: from 0 pips leverage: 3000:1 regulation: cysec, IFSC | $100 no-deposit bonus, 100% deposit bonus | visit broker | |
min deposit: $5 spread: from 0 pips leverage: 888:1 “*this leverage does not apply to all the entities of XM group.” regulation: ASIC, cysec, IFSC belize | “50% +20% deposit bonus up to $5,000, loyalty program bonus “*clients registered under the EU regulated entity of the group are not eligible for the bonus and the loyalty program” | visit broker | |
min deposit: $1 spread: from 0 pips leverage: 2000:1 regulation: FCA UK, cysec, FSP, bafin, CRFIN | 35% of the account deposit | visit broker | |
min deposit: $300 spread: floating, from 0 pips leverage: 500:1 regulation: FCA UK reference number 579202 | visit broker | ||
min deposit: $200 spread: starting 0 pips leverage: 500:1 regulation: ASIC australia, FCA UK | visit broker | ||
min deposit: $1 spread: fixed spread from 3 pips leverage: up to 1:1000 regulation: CBR, cysec and FFMS | 30% forex deposit bonus | visit broker | |
min deposit: $250 spread: as low as 0.1 pips leverage: up to 400:1 regulation: ASIC australia and FCA UK | visit broker | ||
min deposit: $100 spread: starting 0 pip leverage: 500:1 regulation: FCA UK, FSA (seychelles), cysec | visit broker | ||
min deposit: $100 spread: from 0,2 pips leverage: 1:200 regulation: FCA UK (#186171), cysec (#259/14), CIMA (1442313) and DFSA (F000048) | 10% welcome bonus up to $5,000 | visit broker |
Though it may sound like no trader will be charged by a 0 spread forex broker, there is a probability that the broker will charge some traders in one way or another. In fact, there are numerous zero spread brokers that are keen on a particular range. This means that you might get charged, but the charges are not presented as you would expect as they may be in an indirect form.
Zero spread brokers
These types of brokers normally offer an electronic communications network (ECN) or what is termed as a straight through process (STP). They offer a much different approach to the traders in comparison to the typical forex trading brokers. With zero spread brokers, you get direct access to the available financial markets.
It is, however, important to note that the prices are not set by the brokers. Instead, they are set by the market itself.
The pros of zero spread forex brokers
- If you sign up with a zero spread broker, it opens the doors for you to access the market directly.
- As a trader, you know your entry and exit points beforehand as soon the positions are open. If you are into high-frequency scalping, then this kind of brokerage is extremely helpful with calculating non-trading loses. They also help you execute your day trading strategies with precision. Moreover, you can benefit from the speedy execution of your trading moves since you already have direct access to the relevant financial markets.
- Efficiency is another advantage of using 0 pip spread forex brokers. The whole model of trading allows you direct access as well as fast executions; this can be attributed to the fact that there are no interventions from the brokers to your trading decisions. The trading systems are automated, which provides you a great deal of efficiency.
The cons of zero spread forex brokers
While you may think that you will not be charged by this kind of brokerage, some costs might apply in a hidden way. This is detrimental to a trader in that you may end paying various charges without exactly knowing how they came about. Some of these charges are disguised as a huge initial account opening size. Sometimes, you are forced to put with disappointingly low execution speeds.
Also, if you like to make the use of the negative balance protection, it will certainly not help you with a zero spread forex brokers. Dealing directly in the market can be both good and bad. One of the ways in which this can be a disadvantage is that meeting the required liquidity threshold solely rests with you as the trader. For instance, the cost of opening an account is quite high and you have to meet it by yourself.
If you would like to try out a method of currency trading without having to pay hefty transaction costs, the zero spread brokers offer you a perfect opportunity to do so. Nevertheless, zero spread brokerage firms should be looked at more carefully. No trade that promises zero charges on anything really works that way. In fact, if you examine it closely, you may find out that you will be charged by these brokers in subtle ways that aren’t as clear cut as what you would experience with other options.
So, let's see, what we have: compare the best zero spread accounts for 2021. Read our zero spread accounts guide. Our pros compare and list the top trading zero spread accounts. At fbs zero spread account
Contents of the article
- Free forex bonuses
- Top zero spread accounts for 2021
- Best zero spread accounts guide
- Zero spread accounts
- What are zero spread accounts
- Advantages of zero spread accounts
- Disadvantages of zero spread accounts
- Zero spread accounts brokers’ comparisons
- Zero spread accounts verdict
- Reputable zero spread accounts checklist
- Top 15 zero spread accounts of 2021 compared
- FBS minimum deposit guide (2021)
- FBS account base currency
- FBS funding and deposit methods
- FBS minimum deposits
- FBS deposit bonus
- FBS - zero spread account
- Type and conditions
- Please rate this trading account
- General trading conditions
- Available base currencies
- Negative balance protection
- Margin call & stop out
- Allow trading strategies
- FBS trading accounts comparison
- Comments
- Leave a reply cancel reply
- Related
- Related trading accounts
- Features
- All forex brokers
- All crypto-currency exchanges
- Latest article
- Page navigation
- Hercules.Finance
- 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
- FBS - zero spread account
- Type and conditions
- Please rate this trading account
- General trading conditions
- Available base currencies
- Negative balance protection
- Margin call & stop out
- Allow trading strategies
- FBS trading accounts comparison
- Comments
- Leave a reply cancel reply
- Related
- Related trading accounts
- Features
- All forex brokers
- All crypto-currency exchanges
- Latest article
- Page navigation
- Hercules.Finance
- Compare zero spread brokers
- We found 5 broker accounts (out of 147)...
- XM group
- Roboforex
- Forextime
- Axitrader
- Thinkmarkets
- Using zero spread accounts in forex trading
- Advantages of zero spread accounts
- Disadvantages of zero spread accounts
- How to compare brokers that offer zero spread...
- Conclusion
- Why choose XM group for zero spread...
- A comparison of XM group vs. Roboforex vs....
- FBS minimum deposit guide (2021)
- FBS account base currency
- FBS funding and deposit methods
- FBS minimum deposits
- FBS deposit bonus
- Zero pip spread forex brokers
- Fxdailyreport.Com
- Top forex brokers with starting from 0 pip spreads
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