How to open an FBS account?
Click the ‘Open account’ button on our website and proceed to the Personal Area. Before you can start trading, pass a profile verification. Confirm your email and phone number, get your ID verified. This procedure guarantees the safety of your funds and identity. Once you are done with all the checks, go to the preferred trading platform, and start trading.
How to start trading?
If you are 18+ years old, you can join FBS and begin your FX journey. To trade, you need a brokerage account and sufficient knowledge on how assets behave in the financial markets. Start with studying the basics with our free educational materials and creating an FBS account. You may want to test the environment with virtual money with a Demo account. Once you are ready, enter the real market and trade to succeed.
How to withdraw the money you earned with FBS?
The procedure is very straightforward. Go to the Withdrawal page on the website or the Finances section of the FBS Personal Area and access Withdrawal. You can get the earned money via the same payment system that you used for depositing. In case you funded the account via various methods, withdraw your profit via the same methods in the ratio according to the deposited sums.
The EGP or Egyptian pound is the official currency of the Arab Republic of Egypt. The currency has been used since 1834, after the replacement of the Egyptian piastre. The Egypt currency carried a fixed rate bimetallic (composed of gold and silver) standard.
After that, it was pegged to the British pound. The Central bank of Egypt started to control the circulation of the Egyptian pound and tied it to the USD in 1962. After the devaluation of the EGP, the Central bank of Egypt began to manage the floating rate in 2001. The regulator controlled the Egyptian pound’s exchange rate until 2016.
In 2016, the bank devalued its currency as a part of a loan deal by the IMF. This deal included a repatriation mechanism, which allowed foreign investors to withdraw their foreign currency. The repatriation program was ended in 2018. It allowed the EGP to fluctuate freely against the USD.
2021-11-01 • Updated