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FBS Minimum Deposit

FBS Minimum Deposit

Overall, the minimum deposit amount required to register a live trading account is $1, this minimum deposit is equivalent to 1190 KES. FBS is considered trustworthy and credible, with an overall Trust Score of 75% out of 100

Updated : July 10, 2023

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FBS Minimum Deposit

Minimum Deposit Overview

FBS Minimum Deposit

Deposit Fees and Methods

FBS Minimum Deposit

Step By Step guide to depositing the Minimum Deposit

FBS Minimum Deposit

Pros and Cons

FBS Minimum Deposit

Final Verdict

FBS Minimum Deposit

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

Welcome Bonus

$140 (16 373 KESFind out More)

Account Activation Time

24 Hours

Minimum Deposit

👉 FBS charges a minimum deposit amount of 1 USD.

 

👉 Kenyan traders can deposit a minimum of $1 to open a live account with FBS, which, at the current conversion rate between the US dollar and the Kenyan shilling, is equivalent to 110 KES.

 

👉 Although the Capital Markets Authority (CMA) in Kenya does oversee FBS, the ASIC, FSCA, CySEC, and IFSC control FBS and its activities.

 

👉 FBS is a well-known, multi-regulated broker that keeps client deposits in segregated accounts with top-tier brokers, offering some of the highest levels of client money protection in the business.

 

👉 These assets, which are exclusively utilized for trading, are held separate from the broker account.

 

👉 All traders who establish an account with FBS are subject to the Know Your Client policy. To create an account, Kenyan traders must verify their identity and provide evidence of residence.

 

👉 FBS follows anti-money laundering standards, which are reflected in the requirements of traders for deposits and withdrawals from/to unidentified accounts. Traders should be aware of this.

 

👉 Applying negative balance protection to a retail investor account will prevent a trader from losing their whole account balance if they suffer a big loss. This is typically what happens when traders use a lot of leverage to increase the size of their bets and the market moves against them.

Deposit fees and deposit methods

FBS Review Deposits And Withdrawals

👉 When Kenyan traders utilize Sticpay to deposit the minimum deposit amount, FBS levies deposit fees. This cost amounts to fees of 2.5% plus $0.3 per transaction. When making the minimum deposit, traders may select between the following options:

➡️ Credit Card

➡️ Debit Card

➡️ Neteller

➡️ Sticpay

➡️ Skrill

➡️ Perfect Money

➡️ Local Exchanges

 

👉 When making the minimum deposit in either one of the retail accounts that FBS offers, Kenyans can choose between these deposit currencies:

➡️ EUR

➡️ USD

A step-by-step guide to depositing the minimum amount

👉 Step 1 – Web selection

➡️ Select ‘deposit funds’ from the ‘Financials’ section under Trading on the website.

FBS - ZAR Minimum Deposit - Step 1 to deposit

 

👉  Step 2 – Choose payment method

➡️ Choose your preferred method of payment, whether online or offline, and select the ‘deposit’ tab.

FBS - ZAR Minimum Deposit - Step 2 to deposit

 

👉  Step 3 – Select the trading account

➡️ Select the trading account that traders wish to fund, should they have more than one, and enter the amount they wish to deposit.

FBS - Minimum Deposit - Step 3 trading accounts

 

👉 Step 4 – Confirm the deposit

➡️ Confirm the deposits on the next page to finalize the deposit.

FBS - Minimum Deposit - Step 4 Deposit confirmation

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

Welcome Bonus

$140 (16 373 KESFind out More)

Account Activation Time

24 Hours

FBS Kenya Pros and Cons

✔️ Pros❌ Cons
FBS offers competitive trading conditions with some of the lowest spreadsThere are wide spreads charges on some accounts
There are several account types to choose fromThere is a limited number of tradable instruments
There are many social trading opportunitiesThere are several regional restrictions applied
There is an ultra-low minimum deposit requirement
The broker is well-regulated and trusted

Verdict on FBS

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

FAQ

What is the lowest minimum deposit for FBS?

The lowest minimum deposit for FBS starts from 1 USD / 110 KES.

Will I pay deposit fees when I top up my FBS account?

If you deposit using Sticpay, you will be charged a deposit fee of 2.5% and an additional 0.3 USD commission.

How old is FBS?

FBS was established in 2009 and is 13 years old in 2023.

Can I deposit or withdraw in KES?

No, you can only deposit/withdraw in USD or EUR.

Are my funds safe with FBS?

Yes, FBS keeps all funds in segregated accounts which are kept separate from the broker account.

9.8/10 - (15 votes)