FBS Minimum Deposit

FBS minimum deposit is $5 (UGX18,340)

This review is a breakdown of FBS minimum deposit requirements in Uganda, supported payment methods, associated fees, and how FBS’s minimum deposit compares to other CFDs and forex brokers in Uganda. 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 (UGX18,340). However, the actual minimum deposit on FBS in Uganda depends on the payment method you are using.

Mobile money payment (Airtel) require a minimum deposit of 11,000 UGX while cards require a minimum deposit of 6 EUR.

Accepted Deposit Methods on FBS Uganda

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

1) Mobile Money Payment (Airtel Money): FBS accepts deposits via local mobile money payment, only Airtel is supported for deposits. The minimum amount when depositing via mobile money is UGX 11,000, it takes about 15-20 minutes for funds to be credited to your trading account. FBS charges deposit fees of 3.5% of the deposit amount per transaction for deposits via mobile money in Uganda.

You can also withdraw to your mobile money account from FBS, MTN and Airtel are supported for withdrawal. Minimum withdrawal amount is UGX 10,000, which is processed with 15-20 minutes for you to the receive the funds and can take up to a few days if there is a delay. FBS does charges a fee of 2.5% + 1,664.8 UGX per transaction for withdrawals to mobile money in Uganda.

2)Credit/Debit Cards (Visa, Maestro): FBS accepts deposits via cards. The minimum deposit when using cards on FBS is €6, 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 €5. 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 €2 per transaction.

FBS Deposit Methods Table

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

FBS Deposit Rules

1. Deposit Fees: FBS charge deposit fee when you are depositing funds using the mobile money payment option in Uganda. The fee is 3.5% for deposits via Airtel. Although FBS offers free deposits for payment methods like cards. 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 (Maestro/Visa) are credited instantly.

3. Payment Source: Deposits must come from accounts (banks 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.

What base currencies are accepted by FBS?

FBS lets you fund your account in any currency. You can fund your account in any currency but it will be converted to your account’s base currency in USD or EUR.

FBS Minimum Deposit Uganda FAQs