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FBS Fund Withdrawal Step by Step

Overall, Exness offers a simple fund withdrawal process for Kenyan Traders. FBS is considered trustworthy, with an overall Trust Score of 75% out of 100. The fees with FBS are competitive. 

Updated : September 27, 2022

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Fund Withdrawal Step by Step

Detailed Withdrawal Information

Terms and Conditions

Pros and Cons

Final Verdict

FAQ

Overall Rating

Min Deposit

USD 1 / 116 KES

Regulators

IFSC, FSCA (South africa), ASIC, CySEC

Trading Desk

MetaTrader 4, MetaTrader 5, FBS Trader – all in one mobile trading platform.

Crypto

Yes

Total Pairs

Islamic Account

No

Trading Fees

Low

$140 (16 373 KESFind out More)

Account Activation Time

24 Hours

How to Withdraw Funds Step by Step

👉 Traders who want to withdraw funds from the trading account can follow these few steps:

➡️ Kenyans can log into their personal area and find the option to withdraw money under “Withdrawal” in the Finances section.

➡️ From here, traders can select their desired withdrawal method.

➡️ To withdraw money, traders can choose the trading account from which to withdraw.

➡️ Before requesting a withdrawal, traders must ensure that their withdrawal request is completed accordingly, with all required fields filled in.

➡️ Traders can then indicate the amount that must be withdrawn and enter this into the corresponding box.

➡️ Lastly, traders can validate and submit the withdrawal of consent request.

Detailed Withdrawal Information for Traders

👉 Once traders have submitted their withdrawal request, the FBS financial department will process the withdrawal in the order that it was received. Funds will be sent to the account of the trader once the request has been approved.

 

👉 However, traders can consult the following table to see the withdrawal process and associated processing time.

 

FBS Deposit Currencies, Deposit and Withdrawal Processing Times

💻 Payment Method💸 Deposit Currencies💵 Deposit Processing💰 Withdrawal Processing
Credit CardUSD, EURInstant• 15 to 20 Minutes, maximum 2 days
• The bank process is between 5 to 7 days
Debit CardUSD, EURInstant• 15 to 20 Minutes, maximum 2 days
• The bank process is between 5 to 7 days
NetellerUSD, EURInstant15 to 20 Minutes
Maximum 48 hours
SticpayUSDInstant15 to 20 Minutes
Maximum 48 hours
Perfect MoneyUSD, EURInstant15 to 20 Minutes
Maximum 48 hours
Local ExchangesUSD, EURInstant15 to 20 Minutes
Maximum 48 hours

Fund Withdrawal Terms and Conditions

FBS Review Deposits And Withdrawals

👉 Before making a withdrawal request from the site, traders are required to first make sure that their accounts have been verified successfully.

 

👉 Requests are processed in the order that they were received by FBS after being received by that organization. Funds will be issued by members of the FBS team after withdrawal requests have been cleared by the company’s management and given approval.

 

👉 The clearing of a bank wire may take up to ten days, although the processing time for other payment methods ranges from instant to up to four days; this is something that traders need to take into mind.

FBS Kenya Pros and Cons

✔️ Pros❌ Cons
There is a very low minimum deposit requiredSeveral regions are restricted from service
FBS is an online broker with regulation through IFSC and the Cyprus Securities and Exchange CommissionThe spreads on some accounts are very high
There is a choice between investor accountsInactivity fees apply to dormant accounts
Traders have access to fast, flexible payment methodsThe demo account expires after 40 days
The trading conditions are favourable and competitiveWithdrawal fees and deposit fees are charged
There are demo accounts and Islamic AccountsThere is a limited selection of funding options and there are only two base account currencies
Customer service is available 24/7Currency conversion fees are charged on deposits made in currencies other than USD and EUR
The broker is reputable and has a high trust score
FBS is an official trading partner that offers a comprehensive affiliate program
There are several bonuses and promotions offered

Verdict on FBS

👉 Overall, FBS is very competitive in terms of its trading fees and spreads.

FAQ

What is FBS’ minimum withdrawal?

The minimum that you can withdraw from an FBS account is 1 USD.

 

How long does FBS’ withdrawal take?

FBS withdrawals can take from 20 minutes up to several days depending on the withdrawal method that you use.

 

How much can I withdraw from FBS?

You can only draw the sum of your initial deposit on a specific payment method. For instance, if your initial deposit was 1,000 KES on a credit card, then you can only withdraw 1,000 using the same method.

 

Does FBS allow withdrawals over weekends?

Yes, FBS allows withdrawals until Saturdays.

 

How can I withdraw from an FBS Level-Up Account?

Unfortunately, traders cannot withdraw the trading credit that they receive from their Level-Up account.

They can only withdraw the profits that they have made according to whether they have a $70 or $140 Level-up account, respectively.

9.2/10 - (19 votes)