FBS Minimum Deposit

FBS minimum deposit is 96 ZAR ($5).

This review is a breakdown of FBS minimum deposit requirements in South Africa, supported payment methods, associated fees, and how FBS’s minimum deposit compares to other CFDs and forex brokers in SA. Let’s find out how much you need to get started with FBS.

What’s the minimum deposit for FBS?

FBS offers only 1 trading account for all traders and the minimum deposit for the FBS account is 96 ZAR. However, the actual minimum deposit on FBS in South Africa depends on the payment method you are using.

Bank transfers require a minimum deposit of 100 ZAR, cards require a minimum deposit of $3 while e-wallets (Neteller) require a minimum deposit amount of $10.

Accepted Deposit Methods on FBS South Africa

FBS offers a range of ways to deposit into your trading account:

1)Credit/Debit Cards (Visa, MasterCard): FBS accepts deposits via cards. The minimum deposit when using cards on FBS is 57 ZAR ($3), funds are generally credited instantly to your trading account. FBS charges zero fees for deposits via cards.

FBS also supports withdrawal to cards, the minimum withdrawal amount on FBS for card withdrawals is 19 ZAR ($1). It takes about 15-20 minutes for the withdrawal to be processed and can take up to 7 days to receive the funds. FBS charges withdrawal fees, starting from €0.5 to €1 per transaction.

2) Bank Transfers: FBS accepts deposits via local bank transfers in South Africa. The minimum amount when depositing from your bank account is 100 ZAR, it takes about 15-20 minutes for funds to be credited to your trading account. FBS charges zero fees for deposits for bank transfer deposits.

You can also withdraw to your South African bank account from FBS. Minimum withdrawal amount is 30 ZAR, which is processed with 15-20 minutes and can take up to 7 days for the funds to reach your account. FBS charges withdrawal fee of 2.5% plus 5.4 ZAR per transaction.

3) E-wallets (Neteller): You can also make deposits to your FBS account through E-wallets like Neteller. The required minimum deposit is 188 ZAR, it is credited instantly and its free of charge with no deposit fees.

FBS also supports withdrawals to e-wallets like Skrill, Sticpay and Neteller. The minimum amount allowed is $4 for Neteller, $10 for Skrill and $3 for Sticpay. Withdrawals are typically processed within 20 minutes and can take up to 48 hours for you to receive the funds. Withdrawal charges for e-wallets starts from 1.2% to 2% per transaction.

FBS Deposit Methods Table

The table below summarizes the deposit methods accepted by FBS for deposits.

FBS Deposit Rules

1. Deposit Fees: FBS does not charge any deposit fee for any of the methods they support, the amount of money you deposit is what will be reflected in your trading account. Although FBS offers free deposits, your bank, card issuer or payment processor may charge an independent fee.

2. Deposit Time: You can make deposits to your FBS trading account at anytime. Deposits via cards (Mastercard/Visa) and e-wallet (Neteller) are credited instantly, while bank transfers take 15-20 minutes to be credited.

3. Payment Source: Deposits must come from accounts (banks, cards, e-wallets) held in your own name. You will be required to verify your account before you can deposit using cards. You will need to provide your ID and proof of address to verify your account.

How do I deposit money into my FBS account?

Step 1: Access your FBS dashboard.

Step 2: Navigate to the ‘Finance’ tab. From there, tap on ‘Deposit’ and opt for your preferred payment method.

Step 3: Input the desired amount to add, then click the ‘Deposit’ button. Follow the prompts to finalize your deposit transaction.

Comparison Of FBS Minimum Deposit With Other Brokers

Here is a comparison of FBS minimum deposit with that of their competitors.

FBS Minimum Deposit South Africa FAQs