FBS Trader App Full Terms & Conditions
Quick Start Bonus
The bonus is designed to teach trading basics using the real money that FBS provides.
Once you create the bonus account, we grant you $100. With this money at hand, you take the same steps as when you trade on your own. You study the terms, learn to create orders, manage risks, and keep an eye on your profit.
When all the steps are completed, you are ready to trade by yourself and can withdraw the profit earned during the onboarding. To do so, you need to switch to a Real Account and trade lots.
See how it works:
- For 0.01 of a closed lot, you can withdraw $0.05 from your bonus profit.
- For 0.02 of a closed lot with a hedge, you can withdraw $ 0.05 from your bonus profit.
- For each closed lot trading stocks, you can withdraw the amount that equals 50% of the commission for the traded stock.
- For each traded lot of stock with a hedge, you can withdraw the amount that equals 25% of the commission for the traded stock.
Good luck with your onboarding: study and profit!
Terms and Conditions
By taking part in this promo, you agree to be bound by the following Terms and Conditions.
General
- Both new and current FBS Trader clients can participate in the promo. 2. You can use the QuickStart Bonus account only once. 3. Here is the promo flow: Open a Quick Start Bonus account in your FBS Trader app. Get free $100. No verification is required at this point. You’ll have to verify your email in Step 3. Start completing seven steps that replicate real trading (see more in p.5) After all the steps are completed, switch to a Real account. Trade lots on the Real account and withdraw the profit earned with the QuickStart Bonus account (see more in p. 7) 4. 1 These settings apply to your Quick Start Bonus account: It is a standard account Account currency: USD Leverage: fixed at 1:500 until.
Step 4 and can be changed after it Swap-free: available 5. Here is what you will learn and do in each Step:
Ste; 1 Create a new account and get free $100 deposited to it. Step 2 Get the key tools explained and navigate through the interface before placing an order. This Step is purely educational; no actions are required.
Step 3 Place your first buy or sell order. Some limitations apply to this Step to minimize your risks. You can open only one order Email must be verified. Leverage is fixed Order volume is not more than 0.01 lot.
Stop loss is fixed. The points per each trading instrument are calculated automatically so that you cannot lose more than $10*. * Keep in mind that the final amount may vary from $9.10 to $10.90 due to calculation accuracy.
Take profit, and Pending order options are disabled The order can be open for 24 hours. You can close it yourself, or well close it automatically.
Step 4 Place stop loss and take profit to manage your risks. The limitations from the previous Step apply here as well But Stop loss and Take profit options are available.
However, Stop loss is still limited to prevent you from losses. The points per each trading instrument are calculated automatically so that you cz.: not lose more than 8,10*. *Keep in mind that the final amount may vary from 8,9,10 to $10.90 due to calculation accuracy. Step 5 Get to know the money management terms and see where your profit is displayed. You can create only one order. All the parameters are available.
Step 6 Trade on your own without any guidance. You can open as many orders as you can afford. Hedging is allowed.
Step 7 Transfer the bonus profit to a Real account. If your profit is: Less or equal to 0, we’ll grant you $30 Less than $30, we’ll grant you so much as to make your bonus profit $30 More than $30, we guarantee that you can transfer it to the full to a Real Account.
You have 10 days to complete Steps 2-5; 72 trading hours* for Step 6; 24 hours for Step 7.
*These hours are taken into account only during workdays.
- Account closure
It will be closed automatically if the steps are not completed on time (see p 5) or when you completed all 7 steps. The bonus progress and all the related info will be available on the bonus screen in the Real Account.
After the closure, you cannot reopen the Quick Start Bonus account.
- Transfer of the Bonus Profit
When your Quick Start Bonus account is closed, and you switched to the Real account, you may want to withdraw your bonus profit.
You have to: - Transfer the bonus profit to the Real Account. To do so, trade the necessary number of lots on your Real Account. If you don’t have enough funds for trading, deposit extra money. 2. Withdraw the transferred bonus profit from the Real Account.
Here are the rules explaining how to perform transfer: For 1 traded lot, you can transfer $5 from your bonus profit. Example: Your bonus profit is $35.00. You completed all the steps and switched to a Real Account. You trade 2 lots. In the ‘Ready for transfer’ field, you see $10. It is calculated the following way.
Example: Your bonus profit is $35.00. You completed all the steps and switched to a Real Account. You trade 2 lots. In the ‘Ready for transfer’ field, you see $10. It is calculated the following way: 2lotsX$5410. It means that you can transfer this amount to the Real account and then trade or withdraw it if you please. Once you do so, the’ Left for transfer’ field will show the remaining amount of bonus profit: $25.00. For 2 traded lots with a hedge (full or partial), you can transfer $5 from your bonus profit. A hedge is considered as opening one ‘Buy’ order and one ‘Sell’ order for the same instrument, for example, 1 lot each. The amount of hedge is the amount of the lots of these two orders. For closing orders, the Close by option is also available.
Example: Your bonus profit is $35.00. You completed all the steps and switched to a Real Account. You trade 2 lots with a hedge. In the ‘Ready for transfer’ field, you see $5. It is calculated the following way: 2lotsX$2,545. It means that you can transfer this amount to the Real account and then trade or withdraw it if you please. Once you do so, the’ Left for transfer’ field will show the remaining amount of bonus profit: $30.00. For each traded lot of stock, you can withdraw the amount that equals 50% of the commission for the traded stock.
Example: Your bonus profit is $35.00. You completed all the steps and switched to a Real Account. You trade 2 Ford lots. The commission is $3 per lot. In the ‘Ready for transfer’ field, you see $3. It is calculated the following way: (50% of $3)X2. It means that you can transfer this amount to the Real account and then trade or withdraw it if you please. Once you do so, the ‘Left for transfer’ field will show the remaining amount of bonus profit: $32.00. For each traded lot of stock with a hedge, you can withdraw the amount that equals 25% of the commission for the traded stock.
Example: Your bonus profit is $35.00. You completed all the steps and switched to a Real Account. You trade 2 Ford lots with a hedge. The commission is S3 per lot. In the ‘Ready for transfer’ field, you see $1.5. It is calculated the following way: (25% of $3)X2. It means that you can transfer this amount to the Real account and then trade or withdraw it if you please. Once you do so, the ‘Left for transfer’ field will show the remaining amount of bonus profit: $33.50.
- Disqualification FBS can disqualify you if you do not comply with the Terms and Conditions, or we suspect any cheating activities. In this case, you cannot participate in the promo anymore. 9. FBS reserves the right to: Settle all the arguments. The decisions taken are final and not subject to revision. Use the information related to your account for promotional purposes and publish it. Change Terms and Conditions. Disqualify you from the promotion due to non-compliance with the Terms and Conditions or suspicion in using ill practices for winning. Finish the promotion anytime per the company’s unilateral provisions.
Notice - By fulfilling these Terms and Conditions, you confirm that per your country’s legislation, you have the right to take part in this promotion. 2. Apple Inc. does not sponsor this promo and is not involved in the activity in any manner.
