FBS is one of the top Foreign exchange (Forex) trading websites with millions of users worldwide in almost all countries. Since forex traders are depositing, withdrawing large amounts in or from their forex account and have slim margins, one of the considerations while choosing the deposit or withdrawal method is the FBS fee for each of the methods. Traders should be aware that FBS is offering users more than 50 different methods for depositing or withdrawing money from their account for the convenience of the forex traders from different countries. For some payment methods, the trader is also reimbursed part of the amount deposited. Hence the FBS fees for some of the more popular payment/withdrawal methods are discussed.
If the trader deposits money via credit card, FBS doesn’t charge any fee. FBS fee for credit card deposit is zero dollars. For each withdrawal, the FBS fee is $1. So FBS charges $1 for 1 withdrawal attempt using a credit card.
A credit or debit card is another popular option for depositing and withdrawing money from an FBS forex account. Only cards from Visa, Mastercard, and Maestro can be used. FBS does not charge any fee for the deposit and also does not reimburse any amount. The amount deposited is immediately credited to the forex account and can be used for trading. FBS will charge a fee of US $1 for each withdrawal request to the credit card. Time taken typically for processing the request is again 15-20 minutes,. In case there is any further delay, there may be a problem with the bank, and the user should check with the credit/debit card issuer.
Neteller, Webmoney & OKpay
Neteller is one of the most popular deposit methods on FBS since the trader is reimbursed 3.9% of the amount deposited. The amount is credited to the account immediately. For withdrawal, the fees vary from $1 to $30 and processing time for the withdrawal is usually 15 to 20 minutes, though it may take up to 48 hours for the withdrawal to be processed in some cases. Webmoney is another popular method for deposit/withdrawal at FBS since the reimbursement for the deposit is 0.8% and the account is credited immediately. The withdrawal fees are also 0.8%. FBS offers reimbursement of 0.5% on deposits and charges a fee of 0.5% on withdrawals. Like Neteller, the deposits are immediately credited and withdrawals take 15-20 minutes.
Skrill/bank transfer
Skrill is widely used in Europe and FBS does not for charge for Skrill deposits in the FBS account. However its withdrawal fee is lower at 1% + $0.32, making it more affordable for forex traders who are trading in smaller amounts. The deposit and withdrawal times are similar to those for other electronic payment methods with an instant deposit, 15-20 minutes withdrawal. Bank transfer is an option for forex traders in all countries. However, the fees are usually higher at 30 Euro for deposit and withdrawal. The time taken for the amount deposited to get credited to the FBS account is also longer at 5-7 days.
Other methods
Depending on the popularity in a particular country, forex traders can opt for other methods like Safecharge, Perfectmoney, Yuupay, Zaw Forex services, Sahib exchange, Unionpay, Fasapay, Filspay, MayPay, Yandex money, Yandex terminal, Moneta RU, and 1pay. If multiple options are available, it is advisable to check the amount reimbursed and fees before choosing a particular method.
