How to delete my fbs account
You will be able to monitor the status of your financial requests in the transaction history.
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GENERAL INFORMATION
How can I withdraw?
Important information! Please, consider that according to the customer agreement: the client can withdraw funds from his/her account only to those payment systems which have been used for the deposit.
You can withdraw money from your account in your personal area.
Click on "finances" in the menu on top of the page .
For withdrawal via card click on “+” sign to upload back and front sides of your card copy.
Please, kindly take into consideration, that withdrawal commission depends on the payment system you choose.
Withdrawal process time also depends on the payment system.
You will be able to monitor the status of your financial requests in the transaction history.
Please, kindly be reminded that according to the customer agreement:
5.2.7. If an account was funded via debit or credit card, a card copy is required to process a withdrawal. The copy must contain the first 6 digits and the last 4 digits of the card number, cardholder’s name, expiry date and cardholder’s signature.
You should cover your CVV code on the backside of the card, we do not need it.
On the backside of your card, we need only your signature which confirms card validity.
How long does it take to withdraw my funds?
Please, kindly consider, that the financial department of the company usually processes the clients’ withdrawal requests on a first-come, first-served basis.
As soon as our financial department approves your withdrawal request, the funds are sent from our side, but then it is up to the payment system to process it further.
- Electronic payment systems withdrawals (like skrill, perfect money, etc.) should be credited immediately, but sometimes may take up to 30 minutes.
- In case you withdraw to your card, please, be reminded that on the average it takes 3-4 business days for the funds to be credited.
- As for bank transfer withdrawals are usually processed within 7-10 business days.
All the payments are being processed according to the financial department's business hours.
The FBS financial department's business hours are: from 19:00 (GMT+3) on sunday to 22:00 (GMT +3) on friday.
Please, kindly be reminded that you can monitor the status of your financial requests in the transaction history.
How can I deposit?
You can deposit money on your account in your personal area.
Click on "finances" in the menu on top of the page.
Withdrawals and internal transfers are done in the same fashion.
You will be able to monitor the status of your financial requests in the transaction history.
Important information! Please, take into consideration that according to the customer agreement: a client can withdraw funds from his/her account only to those payment systems which have been used for the deposit.
Please, kindly be informed that in order to deposit to FBS applications such as FBS trader or FBS copytrade you need to make a deposit request right in the needed application. Transfer of funds between your metatrader accounts and FBS copytrade / FBS trader accounts is not possible.
What is the minimum deposit amount?
Please, take into consideration the following deposit recommendations for different account types respectively:
For "cent" account the minimum deposit is 1 USD;
For "micro" account - 5 USD;
For "standard" account - 100 USD;
For "zero spread" account – 500 USD;
Please, kindly be informed that these are recommendations. The minimum deposit amount, in general, is $1. Please, consider that the minimum deposit for some electronic payment systems like neteller, skrill, or perfect money is $10.
To know how much it is needed to open an order in your account, you can use trader's calculator on our website.
I want the trade 100 bonus
You don’t need to verify your personal area before opening a “trade 100 bonus” account. You can get the trade 100 bonus as soon as you open a bonus account in your personal area.
Please, kindly make sure that you have read the promotion conditions which you can find on the bonus page in your personal area.
Take a look at this short tutorial to get how the trade 100 bonus works:
Can I withdraw my trade 100 bonus?
Please, kindly be informed that trade 100 bonus is given for trading, you cannot withdraw it.
You can withdraw profit gained on trading with bonus funds in the amount of $100.
To withdraw your profit from the bonus account, you need to fulfill the following conditions:
There should be 30 active trading days;
An active trading day is a day when an order was opened or closed.
The total number of pips from the profitable orders has to be bigger than the total number of pips from the losing orders;
You should have at least 5 lots traded in the period of 30 active trading days;
Also, let us remind you that only orders with 100 pips (10 points) difference between the opening and closing prices meet the conditions.
For example, if you opened an order at 1.00000 price and closed it at 1.00100 price or vice versa.
I forgot my trading password
To recover your trading account password, please, first log in to your personal area and click on your trading account in the dashboard table.
In the opened account settings page you will see the "generate new MT4/5 password" option in the "MT server" section.
Upon clicking the button, you will see a warning pop-up window. Click on the "confirm" button if you are sure that you want to generate a new trading password for this account.
You will see the page with the new trading account information.
How to log in to my trading account?
How to set up the connection in case you have "NO CONNECTION" error in metatrader:
- Click on "file" (top left corner in metatrader).
- Select "login to trade account".
Please, kindly be informed that the number of the server was given to you at the opening of the account. If you do not remember the number of your server, you can check it while recovering your trading password.
Also, you can insert the server address manually instead of choosing it.
How can I verify my phone number?
Please, take into account that the phone verification process is optional, so you might stay on e-mail confirmation and skip verification of your phone number.
However, if you'd like to attach the number to your personal area, log in to your personal area and click on the "confirm phone" button in the "verification progress" widget.
Enter your phone number and click on the "send SMS code" button.
After that, you will receive an SMS code that you should insert in the provided field.
In case you are facing difficulties with phone verification, first of all, please, check the correctness of the phone number you put in.
Here are some tips to take into account:
You do not need to enter "0" at the beginning of your phone number;
You do not need to enter the country code manually. The system will be automatically set it once you choose the correct country in the drop-down menu (shown with the flags in front of the phone number field);
If you are sure that you have done everything correctly but still don’t receive the SMS code, we would suggest trying another phone number. The issue can be on your provider side. For that matter, enter a different phone number in the field and request the confirmation code.
Also, you can request the code via voice confirmation.
To do that, you need to wait for 5 minutes from the code request then click on the "request a callback to get the voice call with a verification code" button. The page would look like this:
Kindly take into consideration that you can request a voice code only if your profile is verified.
How to close a FOREX account
Closing a FOREX account requires a little time and paperwork.
More articles
As investors in the foreign market exchange know, FOREX accounts can be tricky to maintain and risky for any investor, especially beginning ones, according to the wall street journal. Regardless of your reasons, closing a FOREX account should generally be a simple process. It might take some research to obtain and fill out the proper paperwork and some time to halt account activity, but any investor has the right and ability to terminate an account.
Evaluate your account's balance. Review your contract for any fees or requirements and make sure your account has enough funding to cover any outstanding obligations. You might need to verify correct account information with your investment service to establish how to refund your balance, such as through direct deposit or by issuing a personal check.
Close all open positions and stop any pending trade orders. FOREX account activity must end before your firm can close the account. Some accounts might require a few days notice before closing, which will be described in the contract with your financial service company.
Call or write the professional who manages your FOREX account and request an account termination form. Your representative will have all of the information needed to close your account. Your representative might ask about why you are closing your account and urge you to keep your account open. If your account is in good standing and you owe no fees or have other obligations, your representative must close it for you.
Scan the firm's website or trading application to find an account termination form, for online FOREX accounts. The application termination form might be available in the help, account information or customer service sections. This form might require you to print it out and return it by mail or fax. Firms don't like to lose accounts, so while some websites might guide customers to termination forms, others might require a phone call or e-mail to customer service to obtain the form, according to cnnmoney.
Resolved: FBS BROKER DELETE MY PROFIT 215000$
FBS official rep
FBS representative
4evermaat
2nd lieutenant
They just deleted trading history and over $200k of profits from a long time client without explanation. I'm not aware of any reputable broker that does this.
The real question is why are you guys trading with brokers you don't know the people behind it? Flashy websites, bonuses, et al are not how an agency broker (a-book) operate. Even a hybrid broker doesn't need gimmicks like that. The quality of brokers in belize seem to be mainly bucket shop. You may disagree with this. But show me one retail broker using an agency model that is licensed in belize, and you might help change my mind.
Let's create a summary of events here of exactly what date and time that you first saw the profits and/or trades deleted.
Also the newest daily or monthly statement showing the 200k balance before the deleting would be helpful.
Was it one account with $200k or was it spread out over several accounts? If so, we need to list the approximate amounts deleted from each account. And a statement for each.
Also, if the company sent you any email reply or message about the situation, please post it here. And also any communication that you have
You can blur/black out any sensitive info like partial email address, phone #, mailing addresses, bank acct numbers, etc.
Gayanlakshantha
Owns and spams reviews for renkoscalper.Com
They just deleted trading history and over $200k of profits from a long time client without explanation. I'm not aware of any reputable broker that does this.
The real question is why are you guys trading with brokers you don't know the people behind it? Flashy websites, bonuses, et al are not how an agency broker (a-book) operate. Even a hybrid broker doesn't need gimmicks like that. The quality of brokers in belize seem to be mainly bucket shop. You may disagree with this. But show me one retail broker using an agency model that is licensed in belize, and you might help change my mind.
Let's create a summary of events here of exactly what date and time that you first saw the profits and/or trades deleted.
Also the newest daily or monthly statement showing the 200k balance before the deleting would be helpful.
Was it one account with $200k or was it spread out over several accounts? If so, we need to list the approximate amounts deleted from each account. And a statement for each.
Also, if the company sent you any email reply or message about the situation, please post it here. And also any communication that you have
You can blur/black out any sensitive info like partial email address, phone #, mailing addresses, bank acct numbers, etc.
Attachments
Elite forex trader
Recruit
Gayanlakshantha
Owns and spams reviews for renkoscalper.Com
FBS official rep
FBS representative
They just deleted trading history and over $200k of profits from a long time client without explanation. I'm not aware of any reputable broker that does this.
The real question is why are you guys trading with brokers you don't know the people behind it? Flashy websites, bonuses, et al are not how an agency broker (a-book) operate. Even a hybrid broker doesn't need gimmicks like that. The quality of brokers in belize seem to be mainly bucket shop. You may disagree with this. But show me one retail broker using an agency model that is licensed in belize, and you might help change my mind.
Let's create a summary of events here of exactly what date and time that you first saw the profits and/or trades deleted.
Also the newest daily or monthly statement showing the 200k balance before the deleting would be helpful.
Was it one account with $200k or was it spread out over several accounts? If so, we need to list the approximate amounts deleted from each account. And a statement for each.
Also, if the company sent you any email reply or message about the situation, please post it here. And also any communication that you have
You can blur/black out any sensitive info like partial email address, phone #, mailing addresses, bank acct numbers, etc.
Dear 4evermaat!
It is quite understandable your desire to take up cudgels on behalf of the trader, but it would be only fair if you took in the situation first.
We hope that our official reply to mr. Gayan lakshantha has shed the light on the issue.
But now we would highly appreciate if you clarify how does the site design and promotions with clearly stated terms and conditions denominate a broker as not reputable? We would like to draw your attention to the fact that FBS company has been founded in 2009, and during its ten-year history has received numerous international awards, proving its worth to the customers. At the moment we do our best to show our gratitude to our customers for placing their trust in us by providing the most breathtaking bonuses and trading conditions.
Considering your remark about FBS regulation, FBS, indeed, is authorized and regulated by the belize international financial services commission (IFSC). IFSC serves as the regulator of financial services at the international level and ensures that only the company's high degree of reliability and the level of social responsibility are able to carry out their activities in the territory of belize and beyond.
More than that we would like to point out that FBS company is trusted and approved of by millions of traders. FBS doesn't use any unethical practices, so such definition as "bucket shop" is not applicable to FBS. Since we do care about our reputation and make our main purpose for our clients to be sure in the broker they chose.
As for mr. Gayan lakshantha, we would like to draw your attention to the fact that, first, this client clearly has changed his trading strategy suddenly and started recording the profit before it has been canceled as if getting ready for such situation (kindly let us remind you about one-leg arbitrage), second, if you check this client’s messages on FPA, you will see that this is not the first case of mr. Gayan lakshantha with different brokers which cannot seem but suspicious.
Resolved: FBS BROKER DELETE MY PROFIT 215000$
4evermaat
2nd lieutenant
The biggest problem is trading with unprofessional and fake broker who pretend to offer bona-fide brokerage service for their client.
There are ethical ways to run a hybrid execution model (a + b book), but outright deleting profitable trades from client's trade history is clearly not ethical.
If there was something wrong/toxic with the order flow, there would be a precise way to measure it and deal with it. Of course when you are running an unscrupulous b-book, you can just arbitrarily delete customer trades because there was no 3rd party that cleared them.
Broker waits over 7 weeks and when client has significant profit and tries to withdraw to suddenly claim that his strategy is invalid? How is that even technically possible if the trade execution was "real" and final?
If there was a price error (or other genuine problem), there is a very specific reason for the error and it is tracked very carefully by the execution facility. It would be identified very quickly (a few minutes, maybe a business day to do some more thorough investigation).
Gayanlakshantha
Owns and spams reviews for renkoscalper.Com
Elite forex trader
Recruit
The biggest problem is trading with unprofessional and fake broker who pretend to offer bona-fide brokerage service for their client.
There are ethical ways to run a hybrid execution model (a + b book), but outright deleting profitable trades from client's trade history is clearly not ethical.
If there was something wrong/toxic with the order flow, there would be a precise way to measure it and deal with it. Of course when you are running an unscrupulous b-book, you can just arbitrarily delete customer trades because there was no 3rd party that cleared them.
Broker waits over 7 weeks and when client has significant profit and tries to withdraw to suddenly claim that his strategy is invalid? How is that even technically possible if the trade execution was "real" and final?
If there was a price error (or other genuine problem), there is a very specific reason for the error and it is tracked very carefully by the execution facility. It would be identified very quickly (a few minutes, maybe a business day to do some more thorough investigation).
$200. The deposit was posted on acct 2019.06.19_09:01:42 and the first trade was later on the same day. The last trade was 2019.08.13 17:19:14. 274 total trades done at all times of the day.
I have been using fbs for so many years now but, I only had some issues too with my other accounts but its not that big thats why I haven't complain.
But this issue needs to solved properly. FBS has alot of time to correct even with the initial trades happen. Now the account grows to $215k suddenly they take it back. You could have corrected it when the balance is arround $500 or more.
Gayanlakshantha
Owns and spams reviews for renkoscalper.Com
I have been using fbs for so many years now but, I only had some issues too with my other accounts but its not that big thats why I haven't complain.
But this issue needs to solved properly. FBS has alot of time to correct even with the initial trades happen. Now the account grows to $215k suddenly they take it back. You could have corrected it when the balance is arround $500 or more.
Gayanlakshantha
Owns and spams reviews for renkoscalper.Com
Thusharah2009
Private
The biggest problem is trading with unprofessional and fake broker who pretend to offer bona-fide brokerage service for their client.
There are ethical ways to run a hybrid execution model (a + b book), but outright deleting profitable trades from client's trade history is clearly not ethical.
If there was something wrong/toxic with the order flow, there would be a precise way to measure it and deal with it. Of course when you are running an unscrupulous b-book, you can just arbitrarily delete customer trades because there was no 3rd party that cleared them.
Broker waits over 7 weeks and when client has significant profit and tries to withdraw to suddenly claim that his strategy is invalid? How is that even technically possible if the trade execution was "real" and final?
If there was a price error (or other genuine problem), there is a very specific reason for the error and it is tracked very carefully by the execution facility. It would be identified very quickly (a few minutes, maybe a business day to do some more thorough investigation).
$200. The deposit was posted on acct 2019.06.19_09:01:42 and the first trade was later on the same day. The last trade was 2019.08.13 17:19:14. 274 total trades done at all times of the day.
Holycow
Master sergeant
FBS official rep
FBS representative
The biggest problem is trading with unprofessional and fake broker who pretend to offer bona-fide brokerage service for their client.
There are ethical ways to run a hybrid execution model (a + b book), but outright deleting profitable trades from client's trade history is clearly not ethical.
If there was something wrong/toxic with the order flow, there would be a precise way to measure it and deal with it. Of course when you are running an unscrupulous b-book, you can just arbitrarily delete customer trades because there was no 3rd party that cleared them.
Broker waits over 7 weeks and when client has significant profit and tries to withdraw to suddenly claim that his strategy is invalid? How is that even technically possible if the trade execution was "real" and final?
If there was a price error (or other genuine problem), there is a very specific reason for the error and it is tracked very carefully by the execution facility. It would be identified very quickly (a few minutes, maybe a business day to do some more thorough investigation).
$200. The deposit was posted on acct 2019.06.19_09:01:42 and the first trade was later on the same day. The last trade was 2019.08.13 17:19:14. 274 total trades done at all times of the day.
Dear 4evermaat!
Thank you for the relevant question, it helped us to see inaccuracy in the taken actions. We admit our mistake regarding the eliminating of all the profit on mr. Gayan lakshantha’s account and bring our sincerest apologies to him. We thoroughly checked the case once again and returned all the orders opened and closed before the off-market quote. Kindly let us assure you that we didn’t have any bad intentions and this was purely a human factor incident.
At the same time we would like to remind you once again that, unfortunately, no broker is impervious to an off-market quote matter. Though it is rather rare situation. When such case takes place, our specialists eliminate the consequences of it as fast as it is possible. And by elimination, we surely mean not only removal of profitable orders, as you may think, but lossmaking too. Thus, we act not only according to the customer agreement, that all experienced traders read before starting trading with a new broker, but also according to the to the world market practice. If you check other broker companies, you will see that most of them delete orders opened or closed with off-market quote. Such practice is widespread due to the fact that order opened or closed with off-market quote cannot be considered correct. The loss or profit a client gets for trading on off-market quote considered as inaccurate either. Consequently, the balance of a client is recovered to the level that was before off-market quote. No additional funds are deducted. To sum it up, we would like to empathise that FBS has been taking actions in accordance with the customer agreement (see the previous reply).
Regarding your implication that FBS company is a b-book broker/dealing-desk broker/market maker, we would highly appreciate if you provide any relevant proof of it. There is no place for manipulation, since FBS doesn’t use virtual dealer plugin of metaquotes. We are regulated STP & ECN broker and we may recommend you to contact metaquotes to make sure that FBS never purchased virtual dealer plugin.
Why did my broker close my position without my consent?
Any trade that an investor makes can either be profitable or result in a loss. In accordance with the terms of business for STANDARD and NANO accounts and the terms of business for ECN and PRO.ECN accounts, alpari maintains the right to close all or part of your loss-making positions at the current market price when your margin level in metatrader drops below 10%, 20% or 60% (depending on the account type).
You can use the following formula to calculate your margin level: margin level = equity / margin × 100%.
If you have several open positions on your account in metatrader 4, the position with the highest level of floating losses will be closed first. If you have several open positions in metatrader 5, the position with the highest starting balance will be closed first.
Example 1: let's start with a trading account for the metatrader 4 terminal with the following details:
Here, the equity on the account is 4,494.30 USD and the margin is 345.48 USD, making the margin level 1,300.90% (4,494.30 / 345.48 × 100% = 1,300.90%). When the equity level on the account drops to 68.75 USD, the margin level will drop below 20% (68.75 / 345.48 × 100% = 19.9%). At this point, the broker will have the right to begin closing loss-making positions.
Example 2: now, we'll take a look at a second account for the metatrader 4 terminal:
There are two open positions on the account:
- BUY 3.0 lots GBPUSD at 1.62181
- BUY 7.0 lots GBPUSD at 1.62300
Here, the margin is 3,243.69 USD (more on calculating margin requirements).
If the floating losses on the account reach 16,283 USD, the equity will drop below 648.74 USD, or 20% of the margin (3,243.69 × 20% = 648.74). At this point, the broker will have the right to begin closing the trader's open positions. The order for 7.0 lots will be closed first, since it has the highest level of floating losses.
Example 3: now let's take a look at a trading account for the metatrader 5 terminal with the following details:
In our example, the equity on the account is currently 2,756.03 USD with a starting balance of 1,668.87 USD. The leverage on the account is 1:500. If the account's margin level drops to 60%, the position with the largest deposit will be forcibly closed, which in this case is the position on the EURUSD currency pair: (5 × 100,000 / 500 = 1,000 EUR = 1 000 × 1.16887 = 1 168.87 USD). In the event that several orders have the same deposit amount, the respective positions will be closed in the order in which they were opened. In this case, if closing this position is insufficient to bring the margin level back up above the minimum threshold, the next position to be closed will be the one on the USDRUB currency pair: (0.30 × 100,000 / 100 = 300 USD). The last position in the queue to be closed is the one on the USDCAD currency pair: (1 × 100,000 / 500 = 200 USD).
Deleting facebook account; here are FB’s best alternatives
Facebook and whatsapp are currently facing many issues because of their data sharing policies. Whatsapp previously updated its user data rules and regulations to allow its owner to have access to people’s personal data.
- Solen feyissa on unsplash
Analysts and security experts said that the sudden change is a serious matter since no one knows what will the popular social media app do with users’ sensitive data. This is an alarming situation since the new data-sharing policies of whatsapp and facebook could lead to privacy concerns.
Even the popular tesla CEO elon musk posted a tweet this week, saying that people should no longer use whatsapp. He added that they can use signal since it has an end-to-end encryption feature.
This means that the alternative app has a disappearing messages option that prevents the platform’s operators from accessing or viewing the sender and receiver’s messages. If you don’t trust facebook any more, you can just permanently delete your account.
However, you must remember that its archives contain all of the pertinent information related to your account. These include active sessions, chat history, IP addresses, clicked ads, facial recognition data, and photos.
How to delete your facebook account
Before you completely delete your account, it is advisable that you save your personal information first before proceeding. To help you out here’s an easy guide on how to delete your facebook account and save your essential data.
Saving your essential personal information is a piece of cake.
- The first thing you need to do is open click facebook’s down arrow. This is located in the upper right corner.
- After that, you must go to settings and privacy and then settings. In the app’s left-hand column, just click on your facebook information.
- In the center, find and click on download your information. The app will also allow you to select which info you want to download.
- You can do this by navigating to facebook’s drop-down lists. These will allow you to create a date range, download your data in either HTML or JSON, and choose between high, medium, or low media quality.
- Once you are satisfied with your setup, all you need to do is to click on the “create file” option. Once you are done, the app will send you an email when your data has been saved.
- You can permanently delete your account once you received the notification. You can do this by going back to the page headed your facebook information and click on deactivation and deletion.
- This section will allow you to deactivate your account or completely delete it. If you want to delete it, either click on “delete account” on that page.
- Once you click “delete my account,” your account will be marked for termination and inaccessible to others using facebook.
Great alternatives
If you are already decided to delete your facebook account, you can also try other apps that are considered great alternatives. Aside from signal and telegram, there are unpopular applications that are out there and free to download.
These include mewe. This social media platform has no ads and has over 8 million active users. Aside from mewe, you can also try mastodon, diaspora, minds, and sociall. All of them also have no ads.
Question: how to solve the "invalid account" error on MT4 and MT5 trading platform?
If you see an error message “invalid account” at the bottom left corner of your MT4 or MT5 as below, then you might have typed wrong “login credentials” to login.
To resolve this problem, please go to “file”→”login to trade account”.
And in the below screen, please type in the correct “login credentials” provided by your broker.
It is capital sensitive(such as “a” and “A”), and no space should be included.
In the column of “server”, you need to choose from the drop-down list or type the IP address of the server your account can be connected.
If you don’t see the server name of yours in the list, then please follow the instructions specified here.
For more information, please contact FBS support team.
Post tags
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.
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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.
How to open FBS additional account | how to reduce risks
I’m introducing how to open multiple account in FBS.
As summarized in the separate article “ how to choose the best broker for beginners ” and “ the story saved by negative balance protection system “, by utilizing multiple accounts, you can operate more efficiently with less risk.
For example, if you make a profit, you can transfer it to another account frequently, or set a low leverage for highly volatile currency pairs or cfds.
In FBS, you can open up to 10 accounts in each account types.
There are 5 account types in FBS excluding trade 100 bonus account, it means you can open up to 50 accounts totally .
You do not need to verify your identity to open the second and subsequent accounts, and you can create one in less than one minute.
In this article, I will explain not only how to create additional accounts, but also how to transfer funds and how to delete accounts that are no longer needed.
If you didn’t open FBS account yet, please refer to another article “ how to open FBS account ” and open it first.
Why you need multiple accounts
By having multiple accounts, you can get the following benefits.
- Risk can be reduced by operating with multiple accounts
- Different account currencies and leverage can be selected
- You can change the trading tool
Distribute risk to multiple accounts
By changing the currency pair and CFD to trade for each account, the risk itself is distributed to multiple accounts.
In addition, by setting the amount of each fund as small as possible, even if you got a loss cut, the damage can be minimized.
With negative balance protection system, which is one of the biggest features of forex brokers, you will not be in debt.
Therefore, if you make a profit, transfer funds to another account.
If you trade different currency pairs or different cfds, it should be easier to calculate margins if you do not have the same account.
Different currency, different leverage
When creating another account in FBS, you can specify the account currency and leverage setting in the same way as when creating the first account.
For example, when you want to start trading USD pairs with another account, you can set the account currency to USD for easy fund management.
In addition, you can also change the maximum leverage setting for each account.
When trading products with high volatility, you can reduce the possibility of hitting a loss cut by lowering the maximum leverage setting in advance.
FBS allows you to trade with 3000x high leverage, but the minimum leverage can be set from 1:50 by yourself.
Change trading tool
If a forex broker that offers multiple trading platform, such as MT4 and MT5, you can choose another trading tool when creating an additional account.
You cannot change the trading tools for existing accounts.
If you have been using MT4 before but want to switch to more sophisticated MT5, create an additional account and select MT5 as trading platform.
In addition, if you want to use an automatic trading tool (EA) that works only on MT4, you can use that EA by creating an additional account for MT4.
Please refer to separated article “ FBS all account types ” to know the conditions and specs of each account type.
How to deposit into additional account?
One is to deposit money into the additionally created account as before.
The other is the transfer of funds from an existing account.
You can easily transfer funds from the website.
Moreover, unlike deposit, the reflection is completed in an instant.
Also, if the account currency is different, it will be automatically converted into another currency.
The detailed procedure will be described later.
Complete in 1 minute if you have verified your identity
If you already have a real account and have completed the verification, you do not need to verify your identity to add an account.
Creation is completed in 1 minute.
If you haven’t been verified for your main account yet, take this opportunity to do it with referring to the description in the article “ how to open FBS account “.
How to open FBS additional account
The basic flow is the same as when creating a main account.
However, since you have already entered basic information such as your address and verified your identity, you only need to specify the account type, currency, leverage, and other account specifications of the account you want to add.
Login to FBS dashboard
Login to FBS dashboard from top page.
Open an additional accout
From the FBS dashboard, click the “+” (plus) at the top right of the account list to add an account.
Select an account type
Select an account type you want to add.
You can select any account type regardless of the account type you currently have.
There are two points to note when creating an additional account in FBS.
The first point is that if the account type you are adding is the same as the account type you currently have, you will need a balance of $100 or more in your account.
If you want to add a different account type, you can have zero balance.
The second point is that you can only have up to 10 accounts in total with the same account type.
I don’t think you need more than 10 accounts, but just in case.
Set account settings
Set the platform (MT4 or MT5), account currency and leverage.
Then click “open account”.。
The additional account has been created
The additional account will be activated soon.
You will receive the login information for the additional account by email.
Please do not forget the login information, password, and connection server name of metatrader.
Deposit / transfer money to additional account
There are two ways to deposit money into the added account.
Deposit, this is a normal way to fund it.
Internal transfer, if you have enough funds in your existing account, internal transferring funds is quick and easy.
For details on how to deposit to your FBS account, please refer to the separate article “ how to deposit in FBS “.
Transfer money to additional account
Click “internal transfer” in finances menu on FBS dashboard.
Do transfer
Enter the amount, then do transfer.
Make sure the destination account.
Transfer complete
Transfers of funds between accounts will be reflected immediately.
Summary
As you know now, you can open an additional account and do transfer funds easily in FBS.
Make good use of it and operate with reduced risk.
Transferring money or shares
You can use electronic funds transfer to move money between your fidelity and bank accounts. For information about contributing to or withdrawing from your IRA, see IRA contributions and IRA withdrawals. For information about contributing to or withdrawing from your annuity, see transferring money to and from your annuity.
Setting up electronic funds transfer
Using electronic funds transfer
- Why don't all of my accounts display on the transfer money/shares page?
- Why can't I select one of the banks listed on the transfer money/shares page?
- What should I know about the transaction amount displayed on the pending transfer page?
- Why is the dollar amount I entered when requesting a transfer invalid?
- Can I sell specific lots of mutual fund shares when requesting a transfer?
- How do transfers into and out of PAS accounts work?
- When will my electronic funds transfer be completed?
- How can I check the status of a request to transfer money or transfer shares?
- How can I cancel an electronic funds transfer request?
- Why do I have to wait to make my first withdrawal transfer?
- Why do I need a driver's license?
- How do I delete a bank account?
Limitations and maximums
Setting up electronic funds transfer
What can I do with electronic funds transfer?
You can electronically transfer money between your bank and your fidelity account using electronic funds transfer. You can use electronic funds transfer with your fidelity mutual fund, brokerage, portfolio advisory service® (PAS) accounts, or college savings plan account.
- For brokerage accounts, electronic funds transfer allows you to transfer cash between your bank and fidelity brokerage account's core account.
- For mutual fund accounts, electronic funds transfer allows you to transfer cash from your bank account to buy additional shares of an existing mutual fund or to transfer the proceeds from selling shares to your bank account.
- For mutual fund and brokerage iras, electronic funds transfer allows you to transfer cash from your bank account to make an annual contribution to your traditional, roth, or rollover IRA. You can also take distributions from your IRA online.
- For PAS accounts, electronic funds transfer allows you to transfer cash between your bank and your fidelity managed account. For distribution requests, the appropriate mutual funds will be liquidated.
- For college savings plan accounts, electronic funds transfer allows you to transfer cash from your bank account to an existing college savings plan account. To withdraw from a college savings plan account, please call a fidelity representative at 800-544-1914. Any deposit will be used to purchase additional units of a portfolio, provided you have not exceeded the contribution cap for the plan. Amounts exceeding the cap may be returned to you.
What are the eligibility requirements for making immediate deposits with electronic funds transfer?
Eligible customers can make immediate deposits to their fidelity accounts if they meet the following requirements:
Non-retirement accounts
if you're an existing customer with an individual, joint, or custodial brokerage or mutual fund account, you must meet the following eligibility requirements:
You must have an existing account relationship with fidelity brokerage services LLC (FBS) and/or an account serviced by fidelity service company inc. (FSC), for at least the prior six months, and you must have maintained an aggregated balance of $1,500 for the prior three months, in any individual or joint fidelity accounts or in any traditional, roth, rollover, SEP, and SIMPLE-iras, and keogh plans maintained by FBS or FSC.
Your existing accounts must not include any 401(k)s, 403(b)s, 457, 401(a), college investment trust accounts, and accounts managed by strategic advisers inc, but fidelity may include other assets at its discretion. In addition, you must not currently maintain any existing accounts that have certain account restrictions imposed by FBS.
If you're a new customer (with no existing accounts), you must open an account online and receive an account number.
you must be an existing customer who does not currently maintain any existing accounts that have certain account restrictions imposed by FBS.
How do I add electronic funds transfer to a fidelity account?
You can add electronic funds transfer to most fidelity accounts including brokerage and mutual fund retirement and non-retirement accounts. The bank account you use must be a checking, NOW, non-passbook savings, or money market deposit account (MMDA).
You can add electronic funds transfer:
Online using the electronic funds transfer setup page on fidelity.Com for most fidelity accounts. Eligible brokerage and mutual fund customers may also request to transfer money from their bank checking account to fidelity. However, the money is not usually available for withdrawal for four to six business days.
If you add electronic funds transfer online, the bank account you specify must be a checking account. To add the service and specify a different type of bank account (e.G., non-passbook savings, NOW account), you can complete and return an electronic funds transfer form to fidelity.
Are there charges for adding or using electronic funds transfer?
There are no charges for adding or using electronic funds transfer and fidelity keeps electronic funds transfer active, no matter how seldom you use it. Please note that some banks may charge a fee to use this service. In addition, some banks may delete the feature after six months of inactivity.
How long do I have to wait to use electronic funds transfer after adding it to my account?
For brokerage and mutual fund accounts, after the establishment process is complete, you can use electronic funds transfer to immediately transfer money to fidelity to purchase stocks, bonds, options, and mutual funds, or contribute to an IRA. However, the money is not usually available for withdrawal for four to six business days.
For portfolio advisory services (PAS) accounts, you can use electronic funds transfer to immediately transfer money to fidelity.
You can withdraw money from and deposit money to your fidelity or PAS account using fidelity.Com once your bank has been verified. If you completed and returned a form, you can begin to use electronic funds transfer 7 to 10 calendar days after fidelity receives your form.
You can view the status of your electronic funds transfer set up on the bank information page.
How can I make deposits to or withdrawals from an account?
For complete details on how to deposit cash or transfer securities you hold in a fidelity account, visit accounts & trade > transfer money/shares and click "compare ways to make deposits and withdrawals."
Using electronic funds transfer
Why don't all of my accounts display on the transfer money/shares page?
The accounts included in the from drop-down list are associated with your social security number. The list of accounts to which you're allowed to transfer depends on what type of from account you select.
Why can't I select one of the banks listed on the transfer money/shares page?
Your listed banks cannot be selected if the status is:
- Pending bank verification
fidelity has received your electronic funds transfer form and is in the process of establishing and verifying electronic funds transfer for your account. If the verification completes successfully, the bank account status is active - deposit/withdrawal. - Inactive - unavailable for electronic funds transfer
the bank information cannot be verified. Call a fidelity representative at 800-544-6666 for assistance. - Active - deposit to fidelity account only
you have just completed the online setup process. Currently, you can only transfer from the bank to make a deposit to your fidelity account.
What should I know about the transaction amount displayed on the pending transfer page?
The amount specified in the quantity column on the pending transfers page is an estimated figure based on the distribution amount you requested. The amount includes any taxes withheld based on your tax withholding election or the government tax agency’s specified tax withholding requirements. However, the amount does not include any account or mutual fund fees that may be incurred when the transfer is executed. Once your transaction has settled you can visit account history and the trade confirmation on the statements tab, if applicable, for details on the amount of the final transaction.
Why is the dollar amount I entered when requesting a transfer invalid?
- The amount you entered could fail to meet the minimums or exceed the maximums for the type of account.
- The format of the dollar amount could be invalid. The amount must be a whole number (e.G.,1000 not 1000.50).
Can I sell specific lots of mutual fund shares when requesting a transfer?
Yes. When selling shares of a mutual fund position to initiate a transfer in a mutual fund or IRA account, you can select shares from your available tax lots. Fidelity includes the tax lot information on your order confirmation. You can only specify tax lots if your cost basis is currently being tracked using the average cost single category method. To specify tax lots, you enter the share quantity, date acquired, and cost basis per share for each lot you wish to sell on the enter tax lots page.
How do transfers into and out of PAS accounts work?
Money transferred into a PAS account is generally invested in your core account first and then allocated to the funds in your model portfolio on the business day following the transfer. If other trading activity is taking place within the portfolio on the day of a deposit, it will take an additional day for the funds to buy into your model portfolio.
Requests to transfer money out of a PAS account must be received by noon ET for blended portfolios for processing that day. Any transactions entered after noon ET are initiated the next business day. If other trading activity is taking place within the portfolio on the day of a withdrawal, it will take an additional day for the funds to be sold from your model portfolio. Requests to transfer money out of a PAS account must be received by 4 p.M. ET for fidelity-only portfolios for processing that day. Funds are transferred two to three business days following the transfer request.
When will my electronic funds transfer be completed?
Identify your account type and the time you initiated your transfer. You will find the estimated time of completion based on this information.
From a bank into a
mutual fund only account
From a bank into a
brokerage account
From one brokerage
account to another
brokerage account
Brokerage account
managed by portfolio
advisory service (blended)
Brokerage account
managed by portfolio
advisory service (non-blended)
Mutual fund only account
to a 529 plan account
Before 4:00 p.M. ET
after 4:00 p.M. ET
Before 4:00 p.M. ET
after 4:00 p.M. ET
Before 9:00 p.M. ET
after 9:00 p.M. ET
Before noon ET
after noon ET
Before 4:00 p.M. ET
after 4:00 p.M. ET
Before 4:00 p.M. ET
after 4:00 p.M. ET
Estimated completion
Same business day
next business day
Same business day
next business day
Same business day
next business day
Same business day
next business day
Same business day
next business day
In two business days
in three business days
In two business days
in three business days
The funds from an electronic funds transfer transaction are generally deposited in your fidelity account or bank account one to three business days after you place the request. However, you can immediately use the money you are in the process of transferring to buy stocks, bonds, and fidelity mutual funds.
Electronic funds transfer requests are not processed on saturday, sunday, or new york stock exchange and bank holidays.
Please note that because fidelity does not control when another financial institution will process a transaction, we can only estimate the completion date based on the part of the transaction we control. For example, if you request a transfer from a bank to a mutual fund only account at fidelity before 4:00 p.M., ET on a day of business and fidelity receives the transfer by 4:00 p.M. ET, the funds will be posted to your account on the same business day. If, however, fidelity does not receive the transfer request by 4:00 p.M., the transfer will post to your fidelity account the next business day.
How can I check the status of a request to transfer money or transfer shares?
- For brokerage account transfers, view the pending transfers page.
- For mutual fund account orders, view the orders page.
- For PAS account transfers (cash only), view the orders page.
You can see up to 90 days of electronic funds transfer requests in history. For additional assistance, call a fidelity representative at 800-544-6666. For PAS accounts, call a PAS representative at 800-544-3455.
How can I cancel an electronic funds transfer request?
Attempts to cancel electronic funds transfer requests are performed on a best-effort basis. There is no guarantee that a transfer can be canceled.
- For electronic funds transfer requests for eligible mutual fund accounts, you can select attempt to cancel from the orders page, or you may call a fidelity representative at 800-544-6666 to attempt to cancel the request.
- For brokerage account electronic funds transfer requests, view the pending transfers page or call a fidelity representative at 800-544-6666 between 7 a.M. And 4 p.M. ET on business days.
- For a college savings plan account electronic funds transfer request, call a fidelity representative at 800-544-1914 between 7 a.M. And 4 p.M. ET on business days.
- For PAS accounts, call a PAS representative at 800-544-3455. You must make cancellation attempts on business days between 9 a.M. And noon ET for blended portfolio accounts, and between 9 a.M. And 4 p.M. ET for fidelity-only portfolios.
Why do I have to wait to make my first withdrawal transfer?
Fidelity validates bank account information through a test transaction (prenote) process that takes seven to ten business days. Fidelity will send an electronic check to your bank to verify that the ABA routing number and checking account number provided are valid.
Your bank account will be activated in electronic funds transfer as soon as your information is verified. Activated accounts appear on the bank information page.
Why do I need a driver's license?
In order to verify your identity and ownership of your bank accounts, you may need to provide a government-issued identification number.
A driver's license or state-issued I.D. Number is requested for verification purposes when you attempt to add electronic funds transfer to your account online.
If you do not have a driver’s license, you can add electronic funds transfer by completing a form and sending it to fidelity. To access the form, select get a form under before you begin on the electronic funds transfer setup page.
How do I delete a bank account?
If you are no longer using a bank account, you can delete that bank account from any fidelity account to which it is linked. Go to the bank information page, locate your desired fidelity account and bank name, keeping in mind you may have multiple accounts from a single bank linked to this account. Make sure the account and routing number are correct, and then click the delete link under the action column. You will need to verify this deletion on the next page.
You can only delete a bank account from one fidelity account at a time. To delete the same bank account from more than one fidelity account, you must delete it from each account separately by simply clicking the link on the delete bank account confirmation page entitled, delete this bank from other fidelity accounts. This link will return you to the bank information page.
Limitations and maximums
What limitations and maximums apply to my account?
The maximum withdrawal amount using fidelity.Com or telephone is $100,000 per account. For withdrawals greater than $100,000, requests must be made via a completed paper form. To get a copy of the form, contact a fidelity representative at 800-544-6666.
For brokerage iras, only one withdrawal per day may be processed.
For eligible mutual fund iras, you may have more than one withdrawal request processed at a time, provided the withdrawals are from different mutual funds.
If you have updated your mailing address within the past 15 business days, a withdrawal sent by check must be less than $10,000. However, a withdrawal of up to $100,000 may be directed to:
- An eligible bank account if you are currently signed up for the electronic funds transfer service on your IRA
- A fidelity non-retirement account with the same social security number (SSN) as the originating IRA
What are the minimums and maximums for online cash transfers?
- The minimum amount for a brokerage account transfer is $10. The maximum transfer into your fidelity brokerage account is $100,000.
- The minimum amount for a mutual fund account transfer is $250, or the mutual fund's minimum, whichever is greater. The maximum transfer into your fidelity mutual fund account is $250,000.
- The minimum amount for a portfolio advisory services (PAS) account is $250. The transfer amount out of a PAS account cannot be more than 25% of the account's net worth.
What are the gift and generation-skipping transfer tax and annual exclusion limits?
A person can give up to $13,000 (or $26,000 if married and filing jointly) per year in cash per beneficiary without incurring gift or generation-skipping transfer tax liability.
- Contributions beyond the $13,000 limit are considered taxable transfers. However, the lifetime gift tax exemption of $1,000,000 might cover any excess if the beneficiary is one generation below you.
- Any excess over $3,500,000 is subject to federal gift tax.
- If the beneficiary is two or more generations below you, a federal generation-skipping transfer tax might also apply in addition to the gift tax (subject to an exemption of $1,120,000).
- The first $13,000 in gifts to any person is not included in the total amount of taxable gifts made during the year. The first $133,000 in gifts to a spouse who is not a valid U.S. Citizen is not included in the total amount of taxable gifts.
Special accelerated gifting rules apply to 529 college savings plan accounts. You can contribute up to $65,000 (or $130,000 if married and filing jointly) per beneficiary to a 529 college savings plan account in a single year.
- To avoid federal transfer taxes or using any portion of the applicable federal transfer tax exemption and/or credit amounts, no additional annual exclusion gifts and/or generation-skipping transfers to the same beneficiary can be made over the 5-year period.
- The transfer must be reported as a series of five equal annual transfers on IRS form 709, united states gift (and generation-skipping transfer) tax return.
- If the donor is deceased before the 5-year period elapses, the amount allocated to the remaining calendar years following the date of death is included in the donor's estate.
- Contributions to UGMA/UTMA 529 plan accounts are not eligible for accelerated gifting. Although the funds are invested in a 529 plan, the account is still considered a custodial (UGMA/UTMA) account, and UGMA/UTMA rules apply.
Transfers from UGMA/UTMA accounts into UGMA/UTMA 529 plan accounts are not subject to gift tax.
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Contents of the article
- Free forex bonuses
- Have questions? We've got answers!
- Categories
- PARTNERSHIP
- LOYALTY PROGRAM
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- How can I withdraw?
- How long does it take to withdraw my funds?
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- I want the trade 100 bonus
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- How to open FBS additional account | how to...
- Why you need multiple accounts
- How to deposit into additional account?
- Complete in 1 minute if you have verified your...
- How to open FBS additional account
- Login to FBS dashboard
- Open an additional accout
- Select an account type
- Set account settings
- The additional account has been created
- Deposit / transfer money to additional account
- Summary
- Transferring money or shares
- Setting up electronic funds transfer
- Using electronic funds transfer
- Limitations and maximums
- Setting up electronic funds transfer
- What can I do with electronic funds transfer?
- What are the eligibility requirements for making...
- How do I add electronic funds transfer to a...
- Are there charges for adding or using electronic...
- How long do I have to wait to use electronic...
- How can I make deposits to or withdrawals from an...
- Using electronic funds transfer
- Why don't all of my accounts display on the...
- Why can't I select one of the banks listed on the...
- What should I know about the transaction amount...
- Why is the dollar amount I entered when...
- Can I sell specific lots of mutual fund shares...
- How do transfers into and out of PAS accounts...
- When will my electronic funds transfer be...
- How can I check the status of a request to...
- How can I cancel an electronic funds transfer...
- Why do I have to wait to make my first withdrawal...
- Why do I need a driver's license?
- How do I delete a bank account?
- Limitations and maximums
- What limitations and maximums apply to my account?
- What are the minimums and maximums for online...
- What are the gift and generation-skipping...
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