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FBS – the popular online trading platform with over 17 million users, has just announced its newly launched crypto account. This account type stands out in the market, not least because it allows you to get started with a minimum deposit of just $1.
Plus, the FBS crypto account not only permits leverage trading, but you can choose from a long or short position on all supported instruments.
FBS - Top-Rated Broker With 0% Commission and ZERO Spread Accounts
- Trade forex, stocks, indices, crypto, and more
- Various 0% commission and ZERO spread accounts to choose from
- Heavily regulated and solid reputation
- Minimum deposit of just $1
$1 Minimum Will Attract Newbies
There is no getting away from the fact that the global cryptocurrency markets are both speculative and highly volatile. For this reason, inexperienced traders are often put off by the digital asset arena.
But, with FBS now announcing that its new crypto accounts require a minimum initial deposit of just $1, this will certainly appeal to newbies. In comparison, other brokers operating in this space typically require at least $100 to get started.
In addition to this, crypto accounts at FBS will allow you to trade with leverage of up to 1:5. This means that a stake of $200 would effectively give you access to $1,000 worth of trading capital. Day traders will also like the flexibility that FBS offers, as you can choose to enter your position with either a buy or sell order.
In simple terms, this means that if you think the price of the crypto asset will fall, you can short-sell it with ease. Similarly, if you expect a price increase, it’s just a case of placing a buy order.
Low Fees and Regulation
With hundreds of cryptocurrency exchanges to choose from in the online space – there is no shortage of options. However, the vast bulk of exchanges offering crypto trading services do so without the backing of a national regulator.
This is in stark contrast to the service offered at FBS, with the platform holding licenses from a number of reputable bodies. This includes the IFSC, FSCA, CySEC, and ASIC.
On top of a strong regulatory framework, FBS crypto account holders benefit from industry-leading fees. For instance, you will only pay a commission of 0.05% per slide, and spreads start from just 1 pip. Moreover, if funding your account with a debit or credit card, you can do so on a fee-free basis.
FBS Crypto Accounts – The Verdict?
In summary, digital currency traders are all-but-certain to like the newly launched crypto accounts offered by FBS. Newbies will be attracted to the $1 minimum deposit requirement, while experienced traders will have access to leverage of up to 1:5.
Most importantly, FBS is a heavily regulated brokerage – so investors of all shapes and sizes can trade crypto in a safe and secure environment.
FBS - Top-Rated Broker With 0% Commission and ZERO Spread Accounts
- Trade forex, stocks, indices, crypto, and more
- Various 0% commission and ZERO spread accounts to choose from
- Heavily regulated and solid reputation
- Minimum deposit of just $1
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- Min Deposit
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- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
