This is the step-by-step guide for FBS Account Registration. To trade forex, commodities, or indices, you will need to have an account to trade. Our most recommended Forex broker is FBS due to its great trading condition. You can refer to our FBS Broker review here.
Step-by-Step for FBS Account Registration.
- Click on FBS Registration Link here. Please note that we will earn some commission for your registration.
- Key in your email and your full name and then click on register as trader. Your full name must be identical to your ID document that you will need to submit at a later stage. They must identify who are you to be able to allow you to withdraw your balance in the future.
- They will provide you the guideline for identity verification like you will need to submit your passport or your NRIC for them to verify you.
- You also need to verify your email by clicking the link that they send you in the email to verify your email. Sometimes, the email might end up in the spam folder. Please check that too.
- Next is to open the trading account, if the capital that you plan to put in is more than USD2,000 and less than USD6,000, you can consider opening an FBS PRO account. You can refer to our analysis of the FBS PRO Account as it provides better trading conditions. If you just intend to test with a small amount of less than USD 2,000, then you can open a CENT account. This account type will treat USD1 as USD100, which is a great way to test the EA or trading strategy with a small amount. If you are new to forex and automated trading, we recommend all our clients start with a small amount to ensure you are comfortable with the trading strategy before you put in a bigger amount. Also take note that in the FBS portal, you can open many trading accounts so do not need to worry too much about which account type to use now as you can always change it in the future or open a different type of account.
- Pick the Metatrader version that you want to use. Either MetaTrader 4 or MetaTrader 5. This will depend on the Expert Advisor that you intend to use.
- Pick USD as the account currency and pick the leverage. For most of our Martingale Expert Advisors, you need at least 1:500 to make it work. Always pick the higher leverage to reduce the chance of hitting the margin call.
- Once you click open account, it will directly show your Metatrader Login, Password, Metatrader Server, and Metatrader IP address.
- Store this information ( Print screen it and store it somewhere. You will need that later ) somewhere as this is the login you will use to log in to Metatrader 4 at a later stage. FBS will also send you an email about your Metatrader Login information.
Fund your Account
The deposit option to fund your account depends on your registered identity. For example, if you register under Malaysian Identity, you will be able to see a deposit option from multiple Malaysian banks such as the following.
If you register with a different country’s identity, then you will see different deposit options that are available in your country.
One thing to note when you deposit your money in your trading account, you will have to withdraw money back to that same account that you deposit your account.
For example, if you deposit USD 100 into FBS via a credit card, you will need to withdraw money back to that credit card until USD 100 is fully withdrawn. This is a common policy for most forex brokers for anti-money laundering.
If you deposit via Maybank saving account, then you will have to withdraw back to the same Maybank saving account. Do consider your withdrawal when you are funding your account.
Enable Swap Free
Swap is the overnight fee when you hold a position overnight.
One of the key advantages of an FBS account is you can enable swap-free in your account. There will be no charge if you hold the position overnight and this increases your profitability. However, this swap free is only available for certain countries ( eg, Malaysia) and for certain trading instruments ( eg, EURUSD).
To enable it, Go to FBS Dashboard, then click on your trading account, and then check Swap-free.
Conclusion
In short, you just need to complete the following key steps then your account is ready for trading.
- Register FBS account
- Verify identity and email
- Fund your account
- Enable Swap-free ( if it is available to you).
Hope this is the first step for your new passive income. Happy Trading!
