FBS has specified that if you have used the 100% deposit bonus, the leverage on the bonus account will be deducted to 1:500.
So If the account leverage was 1:3000 in the account and you have requested for the bonus, then the leverage will be 1:500 from that moment and thus more margins will be required.
Leverage condition on bonuses
It is totally normal thing that brokers have some conditions/restrictions on the use of bonus promotions.
FBS has got a leverage restriction on some promotions, which are:
100% Deposit Bonus
You can choose to apply the bonus on your deposit or not, and you can do that in the Personal Area.
If you have chosen to use the bonus, the leverage will be deducted to 1:500.
If you have already been using the leverage then there wouldn’t be any changes though, otherwise you will have more required margins in the account.
So, using the 100% Deposit Bonus may not be the smartest choice for some traders.
FBS offers the chance to trade risk free by putting the account’s funds on the FBS insurance.
But if you request for the insurance, the maximum leverage in the account will be deducted to 1:500 and the spread gets 1 pip more wider.
There are other conditions listed in the Terms and conditions of the promotion, so please read it carefully before joining the promotion.
For more information, please refer to FBS Official Website or contact to the support team.