FBS Minimum Deposit Revealed ☑️ (Updated 2024)

The minimum deposit amount is $5 to register a live trading account.  This minimum deposit is equivalent to R 92.12 ZAR at the current exchange rate between the US Dollar and the South African Rand at the time of writing. The minimum deposit might vary based on the account type selected.

Account Types:

• Standard Account – Minimum Deposit amount: $100 or R1 843 ZAR.
• Cent Account – Minimum Deposit amount: $1 or R18.42 ZAR.
• Micro Account –Minimum Deposit amount: $5 or R92.12  ZAR.
• Zero Spread Account –Minimum Deposit amount: $500 or R9 212 ZAR.
• ECN Account – Minimum Deposit amount: $1,000 or R18 423,35 ZAR.
• Crypto Account -Minimum Deposit amount: $1 or R18.42 ZAR.

FBS Minimum Deposit – 8 key points quick overview:

1. ☑️Minimum Deposit
2. ☑️Deposit Methods
3. ☑️At a Glance
4. ☑️Step by step guide to depositing the minimum amount to FBS account
5. ☑️FBS Crypto Currencies
6. ☑️Pros and Cons
7. ☑️Conclusion
8. ☑️Our Findings
9. ☑️Frequently Asked Questions

FBS Minimum Deposit

FBS has a minimum deposit requirement of $1. This amount is equivalent to R16.00 ZAR at the current exchange rate between the US Dollar and the South African Rand, at the time of writing.

FBS is a reputable broker that is regulated by the IFSC and CySEC and these regulating entities require that FBS hold client funds in segregated accounts, away from the broker account.

These funds may only be used for trading activities and funds must be available for withdrawal by traders at any given time.

FBS Deposit Methods

When making deposits into the trading account, traders can make use of the following payment methods:

• Credit/Debit Card
• Neteller
• Sticpay
• Skrill
• Perfect Money
• You can also make use of Local Exchangers

Traders must ensure that they view and acknowledge the fees which are charged when making deposits using Sticpay. When using this deposit method, traders are subjected to commissions of 2.5% and an additional $0.3.

Additional charges are waived on Perfect Money; however, these are not specified on FBS’s website. Traders must also confirm additional charges waived by their financial institution for both deposits and withdrawals.

FBS only supports the use of either USD or EUR when deposits are made. In addition, traders who make use of Sticpay can only use USD as the deposit currency.

FBS at a Glance

Step by step guide to depositing the minimum amount to FBS account

After traders have successfully registered a live trading account, they can follow these steps to deposit the minimum amount:

1.  Step 1 – Web selection

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

2.  Step 2 – Choose payment method

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

3.  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.

4.  Step 4 – Confirm the deposit

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

Take Note: Deposits reflect in the trader’s account either instantly, or after a few days, depending on the payment method that the traders use.

FBS Crypto Currencies

A cryptocurrency exchange, or a digital currency exchange, is a business that allows customers to trade cryptocurrencies or digital currencies for other assets, such as conventional fiat money or other digital currencies

A quick look at the cryptocurrency trading pairs that FBS offers :

FBS Pros and Cons

FBS Conclusion

The minimum deposit amount is $1 to register a live trading account.  This minimum deposit is equivalent to R 16.00 ZAR at the current exchange rate between the US Dollar and the South African Rand at the time of writing. The minimum deposit might vary based on the account type selected.

You might also like: FBS Account Types Overview
You might also like: FBS Demo Account – Step by Step
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You might also like: FBS Sign up Bonus

Frequently Asked Questions

What is the minimum deposit for FBS?

The minimum deposit for FBS is $1 / ZAR R16 at the current USD/ZAR exchange rate at the time of writing.

How long does it take for the FBS minimum deposit to reflect in my account?

Deposits reflect in  your account either instantly, or after a few days, depending on the payment method that you use.

How do I make a deposit and withdrawal with FBS?

• Credit/Debit Card
• Neteller
• Sticpay
• Skrill
• Perfect Money
• Local exchanges

Does FBS charge withdrawal fees?

Yes.

• Credit/Debit Card – $1/ R16 commission.
• Neteller – 2% with a minimum commission of $1 / ZAR R16 and a maximum of $30 / ZAR R480
• Sticpay – 2.5% along with a commission of $0.30.
• Skrill – 1% along with a $0.32 commission.
• Perfect Money – 0.50% commission.

How long does it take to make a withdrawal?

This will depend on the payment method used by the trader.  Payments may reflect instantly, or they could take several days.

Featured SA Shares Writer and Forex Analyst.