We want to remind you that the choice of an account depends on the trading strategy, experience, intentions to trade any particular trading instrument(s), and initial balance. When choosing an account type, you need to ensure that the amount of leverage, commission, and recommended deposit size match your expectations.
Here you can view a comparative table of trading conditions (including the size of the spread, commission, leverage, maximum number of orders, etc.) of all types of accounts.
Below, you can find some information to help you understand which type is right for you!
I'm a newbie. What account type do you suggest?
The Cent account is the perfect choice for those who want to start real trading with small investments. On this account, you trade in cents, which makes it low-risk.
For example, if you deposit $10 to the Cent account, you will see it as 1000 in the trading platform, which means you will trade with 1000 cents.
Profits/losses are displayed in cents in MetaTrader as well.
The Cent account has a floating spread and no commission, and the maximum leverage is 1:1000.
This account is an excellent choice for beginners. However, it can be an attractive option for experienced traders who want to test new strategies.
I'm looking for the perfect scalping account!
ECN (Electronic Communication Network) is the choice of professional traders who want the best trading conditions. This account is the perfect option for experienced traders, and it works best for scalping trading strategies.
The main feature of ECN market execution is that it helps clients enter the trading market directly by matching ECN trades between market participants and then passing the orders to the liquidity providers. This account automatically executes orders by matching buy and sell orders at the best price available.
Thus, the benefits of the ECN account are the fastest market execution, low spreads (from -1 points), best quotes with no delay, and a large number of liquidity providers. It has a fixed commission of $6 per lot traded. The maximum leverage for the ECN account is 1:500.
I want to trade cryptocurrency.
For those who want to trade cryptocurrencies, we offer a Crypto account. With it, you can try the world's newest and most exciting asset class – cryptocurrencies. Bitcoin, Ethereum, and other digital coins are highly volatile so traders can profit from rapid price movements. Moreover, unlike traditional markets, crypto trading is available 24/7.
A Crypto account has a floating spread but a lower commission. The maximum possible leverage is 1:5. What is most exciting, it supports more than 100 instruments: coins, coin-fiat, coin-coin, and coin-metals.
I want to trade with a "happy medium" account. Do you have any?
A Standard account is ideal for traders looking for traditional trading experience. It offers ultra-competitive spreads without any commissions, and you can increase the leverage up to 1:3000.
I want an account that I can trade with during the news.
Zero Spread account's main feature is no spread, and that's why it's the best option for those traders who prefer high-speed trading and trading on the news. Trading with this account will let you increase your profit and make a more precise forecast of your revenues. Although this type of account doesn't have any spread, it charges the commission (from 20$, the amount depends on trading instrument). Also, it offers leverage up to 1:3000.
However, please consider that according to the Customer Agreement (p.3.3.8), for instruments with fixed spread or fixed commission, the Company reserves the right to increase spread if the spread on the basic contract exceeds the size of the fixed spread.
Similarly, a Micro account with a fixed spread (from 3 points) is suitable for trading on the news. Compared to the Zero Spread account, it has no commission. It also has the highest possible leverage of 1:3000 and works best for those who want to gain experience and master completely different trading strategies.
I do not want to trade with accounts on the MetaTrader platform. Is there an alternative?
Sure! We offer an FBS Trading Platform that is more friendly to operate with for both new and experienced traders. It has essential features to make trading more convenient and accessible for traders. You can trade with Standard and Crypto accounts (real and demo) with this platform.
The trading conditions of these accounts are identical to the trading conditions of similar MT accounts.
What instruments are available for trading on a particular account type?
Refer to this article if you want to know which trading instruments you can trade on a specific account.
We wish you successful trading!