Question:How do I start trading Forex and CFDs on MT4 and MT5 of FBS?
To trade Forex & CFDs online, you firstly need to register on their website.
The registration process is pretty straightforward. However, if you experience any problems, FBS support team is always there for you.
Once you’ve registered, you can fund your account and get ready to trade.
All registration process, deposit/withdrawal and actual trades are processed online.
You do not need to submit physical documents or cash to start trading. All you need to start trading Forex and CFDs with FBS is a device and internet connection.
Requirements to trade Forex and CFDs online
In order to open a live account, simply register, provide them with the relevant documentation and fund your account.
The registration process is all online, and you can even make deposits/withdrawals on the web.
Thus you do not need to communicate with FBS with any physical documents.
Specifically, all you will be required would be:
- Digital copy of ID and Proof of Address with your name on it
- More than 5 USD to deposit, which you can afford to lose through investment
- Internet Connection and a device to trade
You may be required to utilize some other tools though, above three things are the minimal requirement to start trading Forex.
If you are not ready for trading, you can open a Demo account with FBS and trade with virtual money under risk-free environment.
What is FBS? An online Forex brokerage firm?
FBS is a regulated, international forex broker. The company offers trading services in currencies, commodities, stocks and indices.
By opening an account and deposit with FBS, you can start trading Forex, CFDs and many other financial instruments on the internet.
All financial instruments are available for trading through one trading account. You can even create your own well-diversified portfolio with FBS.
The broker only requires 5 USD as the minimum required deposit, and up to 1:3000 leverage. Meaning that you can trade up to 300,000 USD worth of trades with only 100 USD.
If you are interested in trading Forex and CFDs with FBS, all sign up, fund management and trades are made on the web. You can even start trading today.
Where and how can I trade Forex and CFDs
FBS offers one of the most reliable trading platforms-Meta Trader 4, which is available not only for your desktop, but for your web browser and for your mobile.
MT4 can be used both for demo accounts and live accounts.
You can install the trading platform from FBS official website. Please note that the trading platform installed from other brokers may not be compatible with FBS trading accounts.
Forex and CFD tradings are all done on the web.
After opening accounts and deposit, you just need to login to the MT4 and place trades by clicking on it.
If you are not sure about how to use the trading platform, please open up Demo account and see how it works.
You may trade during all international trading hours, from Sunday at 23:00 GMT to Friday at 22:00 GMT.
The trading hours of each financial instrument could be different.
Especially in case you are looking to trade CFDs, Precious Metals or Minor Forex currency pairs, please make sure that you have checked the trading hours and other conditions before start trading.
What financial product I can invest money into with FBS
With FBS you can trade various financial instruments such as currencies, shares, commodities and indices.
FBS offers various trading account types though, all trading account types offer the same financial instruments.
So you can access and trade all products(Forex, CFDs, Metals, Stocks etc) by opening just one trading account.
FBS requires you only 5 USD as the minimum required deposit amount.
You can create a diversified portfolio only with FBS from only 5 USD.
You can find the full list of trading instruments which are available for trading from FBS official website.
Where can I learn how to trade Forex on MT4?
Learning Forex is not an easy process, due to the fact that every trader is different.
However, FBS offers various forex learning tools that will help you start your trading journey, from videos and webinars to signals and training courses.
In case you are looking to learn Forex from the beginning, these Forex guides will help you understand the concepts.
If you are looking to learn how to trade Forex on the trading platform MT4, then you are recommended to open up a Demo account and start trading with the virtual money.
MT4 has got its own tutorial guide which you can find by typing F1 on the platform.
Actually trading on MT4 is nothing like just reading a tutorial book explaining how to trade with sentences.
But please remember that, the profit result in your demo account cannot be compared with the result in your live account.
Demo is different from Live account in terms of Trading environment and your psychological aspect.
MT4 and MT5 Demo accounts for practice
If your MT4 demo account is inactive for 30 days, it will expire. FBS kindly asks you to use your account from time to time.
If you have log in and trade once in 30 days, you can use your MT4 trading account for half-eternally.
In case you are testing your EA with Demo account, you are recommended to login within the period, otherwise the account will be expired.
Please note that Demo account does not demonstrate the exact same market conditions.
The profit/loss result in your live and demo account can be varied time to time.
For your information, Demo account does not have time delays at all.
Thus your demo account might show better profit result than the live accounts.
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