Exness Review
FBS Demo Account
Overall, FBS offers a free Demo Account. Demo Accounts are available on all accounts. FBS is considered average-risk, with an overall Trust Score of 75% out of 100. The fees with FBS are competitive with low fees and spreads.
- Louis Schoeman
Jump to:
Demo Account Overview
Demo Account Features
Pros and Cons
Final Verdict
FAQ
FBS at a Glance
| 🏛 Headquartered | Belize |
| 🌎 Global Offices | Malaysia, Laos, Thailand, Dubai, Brazil, Turkey |
| 🏛 Local Market Regulators in Botswana | • Ministry of Finance and Economic Development (MFED) • Bank of Botswana (BoB) • Non-Bank Financial Institutions Regulatory Authority (NBFIRA) |
| 💳 Foreign Direct Investment in Botswana | 115.89 BWP Million in 2021 |
| 💰 Foreign Exchange Reserves in Botswana | 5270 USD Million in 2021 |
| ✔️ Local office in Gaborone? | No |
| 👨⚖️ Governor of SEC in Botswana | None, Moses Dinekere Pelaelo is the Governor of the Bank of Botswana |
| ✔️ Accepts Botswana Traders? | Yes |
| 📊 Year Founded | 2009 |
| 📞 Botswana Office Contact Number | None |
| 📱 Social Media Platforms | • Facebook • Telegram • YouTube |
| ⚖️ Regulation | IFSC, CySEC, ASIC, FSCA |
| 1️⃣ Tier-1 Licenses | • Australian Securities and Exchange Commission (ASIC) |
| 2️⃣ Tier-2 Licenses | • Cyprus Securities and Exchange Commission (CySEC) • Financial Sector Conduct Authority (FSCA) |
| 3️⃣ Tier-3 Licenses | • International Financial Service Commission (IFSC) in Belize |
| 🪪 License Number | • Belize – 000102/198 • Cyprus (Tradestone) – 331/17 • Australia (IFM) – 426359 • South Africa (Tradestone) – 50885 |
| ⚖️ MFED, BoB, or NBFIRA Regulation | None |
| ✔️ Regional Restrictions | Japan, United States, Canada, United Kingdom, Myanmar, Brazil, Malaysia, Israel, the Islamic Republic of Iran |
| ☪️ Islamic Account | Yes |
| 💻 Demo Account | Yes |
| 🛍 Retail Investor Accounts | 3 |
| ✔️ PAMM Accounts | No |
| 💻 Liquidity Providers | Currenex |
| ✔️ Affiliate Program | Yes |
| 📱 Order Execution | Market |
| 📊 Starting spread | 0.0 pips |
| 📉 Minimum Commission per Trade | From $6 |
| 💰 Decimal Pricing | 5th decimal pricing after the comma |
| 📞 Margin Call | 40% |
| 🛑 Stop-Out | 20% |
| 📉 Minimum Trade Size | 0.01 lots |
| 📈 Maximum Trade Size | Unlimited |
| ✅ Crypto trading offered? | Yes |
| ✔️ Offers a BWP Account? | No |
| 📉 Dedicated Botswana Account Manager? | No |
| 📈 Maximum Leverage | 1:3000 |
| 📊 Leverage Restrictions for Botswana? | No |
| 💳 Minimum Deposit (BWP) | 96 Botswanan Pula or an equivalent to $5 |
| ✔️ Botswana Pula Deposits Allowed? | Yes |
| 📊 Active Botswana Trader Stats | 250,000+ |
| 👥 Active Botswana-based customers | Unknown |
| 🔁 Botswana Daily Forex Turnover | Unknown, Forex overall is $6.6 Trillion |
| 💰 Deposit and Withdrawal Options | • Credit Card • Debit Card • Neteller • Sticpay • Skrill • Perfect Money • Local Exchanges |
| 💻 Minimum Withdrawal Time | 15 to 20 minutes (maximum 48 hours) |
| ⏰ Maximum Estimated Withdrawal Time | Up to 7 days |
| 💳 Instant Deposits and Instant Withdrawals? | Instant Deposits |
| 🏛 Segregated Accounts with Botswana Banks? | No |
| 📱 Trading Platforms | • FBS Trader • MetaTrader 4 • MetaTrader 5 |
| 💻 Tradable Assets | • Forex • Precious Metals • Indices • Energies • Stocks • Exotic Forex • Cryptocurrencies |
| ✔️ Offers USD/BWP currency pair? | No |
| 📊 USD/BWP Average Spread | N/A |
| ✅ Offers Botswana Stocks and CFDs | No |
| 💻 Languages supported on the Website | English, German, Spanish, French, Italian, Portuguese, Indonesian, Malay, Vietnamese, Turkish, Korean, and others |
| ☎️ Customer Support Languages | Multilingual |
| ⏰ Customer Service Hours | 24/7 |
| 📞 Botswana-based customer support? | No |
| 💸 Bonuses and Promotions for Botswanans? | Yes |
| 📚 Education for Botswanan beginner traders | Yes |
| 📱 Proprietary trading software | Yes |
| 🤝 Most Successful Trader in Botswana | Unknown |
| ✔️ Is FBS a safe broker for Botswana Traders? | Yes |
| 🎖 Rating for FBS Botswana | 9/10 |
| 🥇 Trust score for FBS Botswana | 75% |
| 👉 Open Account | 👉 Open Account |
How to set up a Demo Account – Step by Step
Opening a demo account is a simple process. A Forex demo account is free to open and should be ready to use very quickly.
Step 1 – Select Open account Option
Most brokers will ask you to provide basic information, including your full name, date of birth, and email address. On FBS.com you need to confirm e-mail, and, after that, you’ll receive a password. You can change it anytime.
Step 2 – Complete Information
After your e-mail is confirmed, you can choose the account type and the platform where you are going to trade. You can’t use different platforms with one demo account.
Step 3 – Registration
Finally, the registration is finished! Save the information that is shown. When your account is created
Step 4 – Start trading
Complete the requested information and select ‘open account’ to start trading.
To start trading on Demo account on Metatrader 4 or Metatrader 5 platforms
Download the FBS app after registering, log in, and selecting a demo account.
FBS Demo Account Features
For beginner traders in Botswana wishing to polish their skills, the FBS demo account offers a wealth of resources beyond just a practice environment. The demo account is also ideal for experienced traders who want to test their trading strategies.
In addition, the demo account is great for any trader who wants to evaluate FBS’s unique offering before committing to a genuine trading account in which their capital is in danger. The FBS demo account can be explored on any of the following account types:
➡️ FBS Cent Account
➡️ FBS Pro Account
➡️ FBS Standard Account
What features are available in the FBS demo account, and how can it benefit traders?
FBS typically offers a demo account that mirrors the features and functionality of a live trading account. Traders can use the demo account to practice trading strategies, familiarize themselves with the broker’s trading platform, and test various financial instruments without risking real money.
Is there a time limit or expiration date for the FBS demo account, and can traders switch from a demo account to a live account easily?
FBS demo accounts typically do not have a set expiration date, allowing traders to use them for an extended period. However, the broker may deactivate a demo account if it remains inactive for an extended time.
FBS Botswana Pros and Cons
| ✔️ Pros | ❌ Cons |
| Botswanans are granted access to a dynamic practice account across several live accounts | The demo account expires after 40 days |
| Demo account sign-up is quick | |
| Botswanans can enter their information manually or use social media profiles | |
| FBS offers several resources for beginners |
Verdict on FBS
Overall, FBS is very competitive in terms of its trading fees and spreads.
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Conclusion
Now it is your turn to participate:
Do you have any prior experience with FBS?
What was the determining factor in your decision to engage with FBS?
Was it because of the minimum deposit, regulation, retail trading accounts, or any other factors?
Have you experienced any issues with FBS such as difficulty withdrawing funds, inability to verify regulations, irresponsive customer support, etc.?
Regardless, please share your thoughts in the comments below.
Frequently Asked Questions
Can I register a demo Cent Account with FBS?
Yes, you can demo the FBS Cent Account.
For how long can I use the FBS demo account?
You can only use the FBS demo account for 40 days, after which it will expire.
How many instruments can I trade on the FBS demo account?
You have access to all financial instruments offered by FBS.
Are prices on the demo the same as on live accounts?
The prices might not be as accurate on the demo account as on live trading accounts.
How can I top up my FBS demo funds?
You can top up or reset your balance on your FBS account.
Addendum/Disclosure:
No matter how diligently we strive to maintain accuracy, the forex market is a volatile environment that may change at any time, even if the information supplied is correct at the time of going live.
