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Offshore forex brokerage FBS has enabled clients to open as many as 10 trading accounts from each type it offers. In addition, the broker has doubled to 200 the number of orders a trader can open on a Cent account.
The broker requires, traders who open a new account to deposit at least $100 on each of their previous accounts of the same type.
The new services were introduced based on client suggestions. The broker said one of the most popular requests it has received was to be able to open more accounts of each type, as it makes trading more comfortable.
FBS offers five types of trading accounts – Cent, Micro, Standard, Zero Spread, and Unlimited accounts. All accounts allow for up to 200 open positions and pending orders, except for the Unlimited one, which has no limitations in that way. Otherwise, the trading conditions for the different accounts vary. The minimum amount traders need to deposit starts from $1 for Cent accounts and reached $500 for Zero Spread and Unlimited accounts. More about the conditions of the five account types follows:
FBS is a trading brand of FBS Markets. It is entirely focused on forex trading instruments. The broker is regulated by the International Financial Services Commission (IFSC) of Belize, an offshore destination for forex brokers. It is present in more than 120 countries worldwide.