FBS Minimum Deposit

FBS minimum deposit is $5 (TZS 13,320).

This review is a breakdown of FBS minimum deposit requirements in Tanzania, supported payment methods, associated fees, and how FBS’s minimum deposit compares to other CFDs and forex brokers in Tanzania. Let’s find out how much you need to get started with FBS.

What’s the minimum deposit for FBS?

FBS offers only 1 trading account for all traders and the minimum deposit for the FBS account is $5 (TZS13,320). However, the actual minimum deposit on FBS in Tanzania depends on the payment method you are using.

Cards (Visa and Mastercard) require a minimum deposit of TZS 7,990 ($3), e-wallets require a minimum deposit of $10 (TZS,26,640) and $12 (TZS32,000) for Neteller and Skrill respectively.

Accepted Deposit Methods on FBS Tanzania

FBS offers a range of ways to deposit into your trading account:

1)Credit/Debit Cards (Visa, Mastercard): FBS accepts deposits via cards. The minimum deposit when using cards on FBS is TZS 7,990 ($3), funds are generally credited instantly to your trading account. FBS charges zero fees for deposits via cards.

FBS also supports withdrawal to cards, the minimum withdrawal amount on FBS for card withdrawals is TZS 2,720 ($1). It takes about 15-20 minutes for the withdrawal to be processed and can take up to 7 days to receive the funds. FBS charges withdrawal fees, starting from €0.5 per transaction.

2) E-wallet (Skrill): FBS accepts deposits via Skrill. The minimum amount when depositing via Skrill is $12, it is instantly credited to your trading account. FBS charges zero deposit fees when depositing via this method.

You can also withdraw to your Skrill wallet. Minimum withdrawal amount is $10, which is processed with 15-20 minutes, for you to the receive the funds and can take up to 48 hours if there is a delay. FBS does charges a fee of 1-2% + 0.29 EUR per transaction for withdrawals to Skrill wallet.

3) E-wallet (Neteller): FBS accepts deposits via Neteller. The minimum amount when depositing via Neteller is $10, it is instantly credited to your trading account. FBS charges zero deposit fees when depositing via this method.

You can also withdraw to your Neteller wallet. Minimum withdrawal amount is $4, which is processed with 15-20 minutes, for you to the receive the funds and can take up to 48 hours if there is a delay. FBS does charges a fee of 2% per transaction for withdrawals to Neteller wallet. The minimum fee is $1 and is capped at a maximum of $30.

FBS Deposit Methods Table

The table below summarizes the deposit methods accepted by FBS for deposits.

FBS Deposit Rules

1. Deposit Fees: FBS does not charge any deposit fee when you are depositing funds using cards and e-wallets (skrill, neteller). Although FBS offers free deposits for these payment methods. Note that your bank, card issuer or payment processor may charge an independent fee.

2. Deposit Time: You can make deposits to your FBS trading account at anytime. Deposits via cards (Mastercard/Visa) and e-wallets (Skrill and Neteller) are credited instantly.

3. Payment Source: Deposits must come from accounts (e-wallets and cards) held in your own name. You will be required to verify your account before you can deposit using cards. You will need to provide your ID and proof of address to verify your account. You will also be required your phone number.

How do I deposit money into my FBS account?

Step 1: Access your FBS dashboard.

Step 2: Navigate and click on ‘Deposit’ then select for your preferred payment method for deposit.

Step 3: Input the desired amount to add to add to your trading account, then click the ‘Deposit’ button. Follow the prompts to finalize your deposit transaction.

Comparison Of FBS Minimum Deposit With Other Brokers

Here is a comparison of FBS minimum deposit with that of their competitors.

FBS Minimum Deposit Tanzania FAQs