Selecting the best forex broker is never an easy task.
This is why many choose to open a demo account first from the many FBS account types available.
If you have decided to open an FBS demo account, that’s great! We have even included FBS in our list of the best free forex demo accounts.
With the help of this step-by-step tutorial (combined with our FBS review) we hope to make the opening process very easy.
FBS Demo Account Opening Tutorial
The process of FBS account opening for a demo is actually very straight forward. Nevertheless, we have provided each step of the process along with detailed images for your assistance.
This should make opening an FBS demo account a real breeze for everyone, even more so if you do it after reading our FBS broker review.
So, here we are. Let’s get started on opening your demo account with FBS:
Step 1 – Getting Started With Your FBS Demo Account
Your very first destination when opening an FBS demo account should be the broker homepage. Your experience may be slightly different depending on your location.
If you are within Europe, you will be directed to the CySEC regulated FBS site. Here you simply click the button as highlighted below and you will be started on your demo journey.
The only slight difference in the process of registering a forex demo account as an international user comes at this point where you will be presented with a different homepage. You simply need to scroll a little down the page to about the midway point where you will see the demo account option as shown below:
Step 2 – FBS Demo Account – What Documents/Information do you Need?
Actually, you will not be needing any documents as such when you choose to open an FBS demo account.
What you will need is an email address which you can confirm in order to activate your FBS demo account.
Naturally, after trying out your demo account in the provided period, if you then want to proceed with opening an FBS live account, there are a few documents you will need to submit. There include your proof of ID and address.
Step 3 – Fill in registration form
So, after clicking on the “open demo account” button as shown above for EU users, the next screen you will be greeted by is a very simple registration form.
As you can notice, this is a very simple form which should be fast to complete. All you need to do is enter your name and email address. At this point you can also select between an FBS Standard demo account or an FBS Micro demo account. The choice is yours.
You should then check the two boxes at the bottom and click “open an account”. You will then be directed to the next step.
Step 4 – Confirm the account via email/telephone
The next step in the process of opening your FBS demo account is to confirm the email address which you provided in the previous step. This has to be done before you can activate and log-in to your new FBS demo account.
The email you receive should look like the one below:
Once you see this, just click on the “confirm email” button and you are good to go. It really is as easy as that.
Step 5 – First login into the demo account
Once you have confirmed the email, you will be presented with a confirmation screen like the one below. This indicates that you have now completed the FBS demo account opening process.
Once you have collected your platform information and passwords from here you can just head back to the log-in screen at your FBS site. There you will log-in to your FBS dashboard using the information which you set during registration.
Step 6 – Choosing Your FBS Demo Account Platform
After your first successful FBS demo account log-in you will see your account dashboard. ON the left side, simply click the “trading platforms” button. On doing that you will notice the following screen:
All you have to do is click on the related trading platform you want to use, download it, and use the details provided during confirmation to log-in and start trading on your demo trading account.
FBS Demo Account Review
Now that you have hopefully completed the account opening process, let’s take a deeper look inside what you can expect from your FBS demo account.
What Types of FBS Demo Account are Available?
If you are a Europe-based FBS trader then every account type there will be available for you to open a demo account. This means you could open a standard or FBS micro demo account.
If you are an international trader operating from FBS.com, you will also be able to open every type of account as a demo. This means you will have access to FBS cent account, standard, micro, zero and FBS ECN accounts to try out on a demo basis.
FBS Demo Account Features, Restrictions and Differences with Live Account
An FBS demo account has all of the same benefits as you would expect from a live account. There are no particular restrictions which you need to look out for when operating through a demo account with FBS.
The one differing point as with that of any demo account with major brokers is the fact that slippage could occur. This is the difference between the price at the time when you make a trade, and the time when it is actually executed.
Nevertheless this should be very minimal and only happens on rare occasions or during high volatility periods.
Advantages of Trading with an FBS Demo Account
There are several advantages when it comes to trading through an FBS demo account.
These center around the fact that this account risks none of your real funds, yet still provides access to a fully functioning account with all of the same features as an FBS live account.
This makes the FBS demo account opening a very practical and beneficial idea. It allows you to practice and replicate many of the scenarios which you may encounter in the real market but without the risk.
In the long-term, this will undeniably help you to learn more about forex trading, FBS broker itself, and how to use the trading platforms. It will hopefully lead to eliminating mistakes and making you a better live trader overall.
FBS Demo Account Management
Once you have gotten to grips with your new demo account and all of its features, you may be wondering about how long you can keep your demo trading account open or how to restore an FBS demo account. Here we have covered those issues to help you along.
The FBS demo account expiration again depends on where you are based. For those who are within Europe and operating under CySEC regulations, you will have access to your demo trading account for a 90-day period. The account will then expire after 90 days. At this point you can still create a new FBS demo account if you want to continue your practice.
If you are operating under FBS as an international trader, your demo account will be limited to a 45 day period. Again however after the 45 day period runs out, you can create a new FBS demo account to keep trading through.
Restoring expired demo accounts
As FBS demo accounts do not expire due to inactivity, you should not be faced with the situation of having to restore it. As mentioned above though, if you do face any problems, you can simply follow the process to open a new FBS demo account easily.