What are the basic requirements to open up an FBS trading account? You can apply and open an FBS trading account absolutely free, however there are some requirements to trade on FBS live (fake) accounts. The required supporting documents are original copies of ID, passport and proof of identity (copy of utility bill, bank statement). It is a good idea to get a hold of one or more of these documents, as they are usually kept safe somewhere in the banking system. If your account fails to open, talk to your local branch manager immediately, so they can assess the situation and make any necessary adjustments.
There are two types of FBS accounts, one is the segregated investment product account (SIP) and the other is the swap-free accounts (SFA). The SIP has a set of specified characteristics, such as minimum starting balance, minimum deposit and maximum account balance, whereas the SFA does not have any restrictions. Both types of accounts are managed by a single trustee. As for the rules with swap-free accounts, the minimum balance is the same across both types. However, opening a new account is free but opening and managing a new portfolio is fee-based, with fees varying between the two types.
While it used to be the case that only banks could offer FX trading facilities, nowadays many brokerage houses offer options to both small and large investors. These include online trading facilities and even mobile services (for mobiles within the UK), as well as FX trading software. This helps investors to manage their investments safely, as the software handles the trading platform, providing alerts and signal prioritization. Since the trading software itself is usually based on an optimized algorithm, this makes it possible to execute trades quickly, even in the face of price volatility.
For investors who wish to get the most out of their investment, the best option is to go for a multi-tied broker. Multi-tied brokers tend to have more sophisticated trading platforms, especially those offering real time FX market quotes. When you go for an FX broker, make sure that you choose one that offers all-inclusive services, including Forex bonuses and complimentary Forex account services. As mentioned above, it's also important to check the broker's customer testimonials to know whether he or she is willing to give you the kind of service you can expect from a top FX broker. If the broker is willing to provide all these, then it is safe to say that your chosen broker is indeed one of the best in the business.
An experienced broker will always be able to understand the trends of the forex market and anticipate the directions in which it might move. The best brokers out there will have developed the right skills and experience in order to do so. You should therefore look for a broker who has the following qualities: flexibility, being a trustworthy and reliable dealer, being a trustworthy and reliable advisor, having the ability to conduct successful trade on your behalf, and being able to meet your unique investment goals and objectives. As you go about finding the right broker for your FX trading, make sure you pick someone who is experienced and skilled. If you pick a broker who has years of experience in the field, you can be sure that his expertise and knowledge will be put to good use every single day.
With the unlimited account facility, you will also be able to benefit from the superior customer support. Remember, the whole point of investing in any FX product is to maximize your profits. And with access to the latest information and tools via your online broker, this should be no problem at all. With unlimited account, not only will you be able to maximize your profits, but you will also be able to enjoy other services such as free Forex trading signals and free newsletter updates.