How to open an FBS account?
Click the ‘Open account’ button on our website and proceed to the Personal Area. Before you can start trading, pass a profile verification. Confirm your email and phone number, get your ID verified. This procedure guarantees the safety of your funds and identity. Once you are done with all the checks, go to the preferred trading platform, and start trading.
How to start trading?
If you are 18+ years old, you can join FBS and begin your FX journey. To trade, you need a brokerage account and sufficient knowledge on how assets behave in the financial markets. Start with studying the basics with our free educational materials and creating an FBS account. You may want to test the environment with virtual money with a Demo account. Once you are ready, enter the real market and trade to succeed.
How to withdraw the money you earned with FBS?
The procedure is very straightforward. Go to the Withdrawal page on the website or the Finances section of the FBS Personal Area and access Withdrawal. You can get the earned money via the same payment system that you used for depositing. In case you funded the account via various methods, withdraw your profit via the same methods in the ratio according to the deposited sums.
Liquidity is a measure of how easy it is to convert a financial asset into cash with no change to its market price. Cash is considered the most liquid asset because you can quickly turn it into other assets.
Liquid assets are the ones that you can easily sell and get your money back with no losses. These assets reduce risks for investors as they allow to react quickly to market moves. For example, they can reinvest in other assets when prices are low.
Liquidity in Forex trading
In the global financial market, currencies are generally considered the most liquid assets. Based on their liquidity, there are three major currency pair categories in the global Forex trade: majors, minors, and exotic currencies.
Major currencies are the most popular and liquid. The major currencies include the US dollar, the British pound, the euro, the Japanese yen, the Australian dollar, the Canadian dollar, and the Swiss franc.
Minor currency pairs do not not involve the US dollar. These pairs are also known as a crosses.
Exotic currency pairs are less liquid and traded with low volumes. For example, the South African rand or the Mexican peso are the exotic currencies.
In addition, there is a rule: the more popular and liquid the currency pair, the smaller the spread. The spread is a fee that a trader pays to a broker for the access to the currency market. The spread for transactions in Forex majors is usually very small or, as traders say, tight. For minor pairs the spread is higher, and for exotic currencies – the highest.
2023-11-17 • Updated