Exness Review
FBS Fund Withdrawal Step by Step
Overall, FBS offers a simple Fund Withdrawal process for Botswana Traders. FBS is considered trustworthy, with an overall Trust Score of 75% out of 100. The fees with FBS are competitive.
- Louis Schoeman
Jump to:
Fund Withdrawal Step by Step
Detailed Withdrawal Information
Terms and Conditions
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 Withdraw Funds Step by Step
Traders who want to withdraw funds from the trading account can follow these few steps:
Step 1: Create an FBS Account
The first step is to open an FBS account. During the registration process, you’ll be asked if you want a demo or a real account. Note that you need a real account to make withdrawals.
Step 2: Select your FBS trading account
Once you have created your account and it has been through the right process of verification and trading, you will be able to withdraw your profit when you wish to.
Make sure you use your live account to withdraw funds from your trading account because the money in the demo account can not be withdrawn. Once on your live account, you must select “finances” and the dashboard in the header. From there, you can access the withdrawal or deposit option. Select the withdrawal text button from there, and you can view the various payment methods.
Step 3: Select the favorable payment method
Once you select the withdraw text button on your screen, you will be shown different payment methods which you can use to withdraw money from your trading account. Make sure that the payment method you are selecting is the same one that you use when you want to deposit money into your FBS trading account. Selecting the same payment method you use when depositing to withdraw makes it easier to pull out funds from your trading account. Besides making it easier, it can also be faster.
FBS offers their traders different payment methods to choose from. The broker charges the traders at different rates, depending on their select withdrawal method.
Depending on the withdrawal method, you will be charged a fee when withdrawing from the broker. Also, the time it will take for your withdrawal to reflect depends on your chosen payment method.
Step 4: Select the withdrawal amount
When you select the payment method you wish to make use of, you can go ahead and enter the amount you want to withdraw. FBS is so lenient that the withdrawal limit is from $1. Traders can, however, not have a little to a high amount. Confirm the payment when you have entered the amount you wish to withdraw.
Step 5: Confirm the withdrawal
Confirming the payment method means that you have accepted the process. Depending on the payment method, your withdrawal time will vary. If you are making a withdrawal to your e-wallet, it will take 30 minutes before the money will reflect. Withdrawal through the e-wallet method is the fastest way for a trader to withdraw funds. Making withdrawals through direct bank transfer takes about two days. While making a withdrawal with your credit or debit card will take 3 to 4 days.
Traders cannot withdraw money on weekends. For the withdrawal process to take place, it must be within working days. If you make a withdrawal and the money is not showing in any of the channels you chose within 1-7 working days, make sure you contact customer service for help. Customer service can easily be obtained from the FBS website.
Detailed Withdrawal Information for Traders
Once traders have submitted their withdrawal request, the FBS financial department will process the withdrawal in the order that it was received. Funds will be sent to the account of the trader once the request has been approved.
However, traders can consult the following table to see the process and associated processing time.
FBS Deposit Currencies, Deposit and Withdrawal Processing Times
| 💻 Payment Method | 💸 Deposit Currencies | 💵 Deposit Processing | 💰 Withdrawal Processing |
| Credit Card | USD, EUR | Instant | • 15 to 20 Minutes, maximum 2 days • The bank process is between 5 to 7 days |
| Debit Card | USD, EUR | Instant | • 15 to 20 Minutes, maximum 2 days • The bank process is between 5 to 7 days |
| Neteller | USD, EUR | Instant | 15 to 20 Minutes Maximum 48 hours |
| Sticpay | USD | Instant | 15 to 20 Minutes Maximum 48 hours |
| Perfect Money | USD, EUR | Instant | 15 to 20 Minutes Maximum 48 hours |
| Local Exchanges | USD, EUR | Instant | 15 to 20 Minutes Maximum 48 hours |
What is the process for withdrawing funds from an FBS trading account, and what withdrawal methods are available to traders?
Withdrawals from an FBS trading account typically involve a straightforward process. Traders can log in to their FBS account, navigate to the withdrawal section, and select their preferred method. FBS often offers various options, including bank wire transfers, electronic payment systems like Skrill and Neteller, credit/debit card withdrawals, and cryptocurrency withdrawals.
Are there any withdrawal fees or charges that traders should be aware of when withdrawing funds from their FBS trading account?
FBS typically does not charge fees for standard withdrawal methods. However, traders should consider that third-party payment processors, banks, or intermediaries may impose fees on certain transactions.
Fund Withdrawal Terms and Conditions
Before making a withdrawal request from the site, traders are required to first make sure that their accounts have been verified successfully.
Requests are processed in the order that they were received by FBS after being received by that organization. Funds will be issued by members of the FBS team after withdrawal requests have been cleared by the company’s management and given approval.
The clearing of a bank wire may take up to ten days, although the processing time for other payment methods ranges from instant to up to four days; this is something that traders need to take into mind.
What are the general terms and conditions for fund withdrawals from an FBS trading account?
FBS typically has specific terms and conditions governing fund withdrawals to ensure a smooth and secure process for traders. While these terms and conditions can evolve over time, they often include requirements related to account verification, such as the submission of identification documents, to ensure the security of funds.
Are there any restrictions or limitations on the frequency or amount of fund withdrawals from an FBS trading account?
FBS typically allows traders to make fund withdrawals without strict limitations on the frequency of withdrawals. However, there may be minimum and maximum withdrawal amounts, which can vary based on the chosen withdrawal method and account type.
FBS Botswana Pros and Cons
| ✔️ Pros | ❌ Cons |
| The methods offered have quick processing times | Botswanans are charged withdrawal fees on several payment methods |
| FBS guarantees that all withdrawal requests are promptly processed | |
| Botswanans can choose from several flexible methods |
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
What is the smallest amount I can withdraw from FBS?
The minimum withdrawal amount from an FBS account is USD 1/ R 13.
How can I withdraw my bonus from FBS?
Traders cannot withdraw the trading credit they get via their Level-Up account.
They may only withdraw their gains based on whether they have a Level-up account with a balance of $70 or $140.
How long will it take for my FBS withdrawal to go through?
Depending on the method, FBS withdrawals might take anything from 20 minutes to several days.
How much can I withdraw from my FBS trading account?
You may only withdraw your original investment using a certain payment method. For example, suppose you first deposited 1,000 BWP with a credit card. In that case, you may only withdraw the same amount using the same manner.
Can I submit a withdrawal request over weekends?
Yes, FBS permits withdrawals until Saturday.
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.
