Economy
Expert Advice On FBS Bonus | What Forex Traders Need To Know In 2023
Brokerage firms provide promotional incentives in the form of trading bonuses to attract customers and encourage them to join their platforms. These bonuses can take the shape of a fixed sum or a specific percentage offered as a gift to traders upon opening a new trading account. Similar to numerous other brokers, FBS also offers bonuses, including cashback. The FBS bonus comes in various amounts, depending on the type of account you have. This article delivered by TU experts will delve into the specifics of the FBS bonus and the criteria to qualify for it.
FBS Forex Bonuses
FBS, like many other brokers, provides a range of bonuses for traders, designed to jumpstart their trading experience. Here is the list compiled by Traders Union analysts:
- Quick Start Bonus – $100
The FBS Quick Start bonus offers traders a $100 boost to begin trading. To claim this bonus, traders must open a free bonus account in FBS Trader, the broker’s mobile trading platform. Along with the bonus, FBS provides a 7-step program to help traders learn how to navigate the app and enhance their trading skills.
- Level Up Bonus – Up to $140
With the FBS Level Up bonus, traders receive $70 by opening an account in the FBS Personal Area. Those who want to double their profit can sign up using the FBS Personal Area app and get a $140 bonus.
- FBS 123 Bonus (No Longer Offered)
Previously, FBS offered the FBS 123 bonus, which provided traders with a quick start in the Forex market with $123. However, experts note that this bonus is no longer available.
- 100% Deposit Bonus
The FBS 100% deposit bonus is ideal for traders who wish to start with a larger trading capital. With this bonus, traders receive a 100% match of their deposited amount, effectively doubling their trading potential.
How to Get FBS $140 No-Deposit Bonus
The FBS No-Deposit bonus, also known as the Level Up bonus, is an excellent option for traders who prefer not to invest their own funds initially. Here’s a guide from TU on how to earn up to $140 for trading:
Step 1: Opening a Level Up Bonus Account
By opening a Level Up bonus account, traders receive a free $70, which can be used to trade on the FBS web platform alongside educational resources to enhance trading skills.
Step 2: Downloading the FBS Personal Area App
To increase the FBS No-Deposit bonus to $140, traders need to download the FBS Personal Area app and sign in to their account. This app also provides valuable learning materials for traders.
A variety of other Step-by-Step Guides are available on the Traders Union website, including guides to trading with Pepperstone and other Forex brokers. These comprehensive guides offer valuable insights and instructions to assist traders in navigating the trading process successfully. Whether you are a beginner or an experienced trader, these resources can be beneficial in enhancing your trading knowledge and optimizing your trading activities with various brokerage companies.
Withdrawal of Funds
The FBS No-Deposit bonus is provided solely for trading purposes and cannot be withdrawn. However, traders can withdraw the profits made from the bonus funds, provided the profit amount is less than the bonus received. The conditions for withdrawing profits from the FBS Level Up bonus include:
- Active trading for at least 20 trading days.
- Completion of at least five lots traded within 20 active trading days.
- Fulfillment of bonus conditions within 40 days from the registration date.
Conclusion
FBS offers a variety of trading bonuses to empower traders with additional funds and educational resources. From the Quick Start bonus to the Level Up bonus, these promotions provide valuable opportunities for traders to enhance their trading skills and potentially increase their profits. As analysts at TU point out, it is essential for traders to understand the conditions and limitations associated with each bonus to make the most of these incentives.
By Adedapo Adesanya
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has retained all key monetary policy parameters following the conclusion of its two-day meeting on July 21, 2026, on Tuesday, maintaining its tight monetary policy stance to curb inflation and support macroeconomic stability.
According to the Governor of the apex bank, Mr Yemi Cardoso, who chaired the committee, the Monetary Policy Rate (MPR), which serves as the benchmark interest rate, remains at 26.50 per cent. The MPC also retained the asymmetric corridor around the MPR at +50 basis points and -450 basis points.
In addition, the Cash Reserve Ratio (CRR) for commercial banks was left unchanged at 45.00 per cent, while the CRR for merchant banks remains at 16.00 per cent. The committee also retained the CRR on non-Treasury Single Account (Non-TSA) public sector deposits at 75.00 per cent, with the liquidity ratio at 30.00 per cent.
The decision reflects the apex bank’s continued commitment to containing inflationary pressures through a restrictive monetary policy while safeguarding the resilience of Nigeria’s financial system amid ongoing macroeconomic adjustments.
By keeping all policy tools unchanged, the MPC signalled its intention to continue managing excess liquidity in the banking sector and maintain stability in financial markets.
The move is also expected to provide greater policy certainty for investors and businesses monitoring the country’s monetary policy direction.
The latest decision also means borrowing costs are likely to remain elevated in the near term as the central bank continues to prioritise price stability over monetary easing.
Analysts had expected the CBN committee to retain the rate after Nigeria’s headline inflation came in at 15.91 per cent as of June 2026, marking a slight decline from 15.93 per cent in May.
However, even as overall price growth has moderated significantly compared to previous periods, food inflation remains a persistent challenge, accelerating to 17.52 per cent in June.
By Aduragbemi Omiyale
Shareholders of Unilever Nigeria Plc will receive an interim dividend of N2 per share, the board of the organisation has said.
The cash reward was announced after the company released its financial statements for the first half of the year ended June 30, 2026.
The payment will be made on Friday, August 14, 2026, only to investors whose names appear on the Register of Members at the close of business on Friday, July 31, 2026.
A quick look at the financial performance of the firm in the first six months of this year showed that revenue improved by 22.22 per cent to N119.9 billion from the N98.1 billion achieved in the corresponding period of last year.
A rise in earnings also resulted in a 16.43 per cent surge in cost of sales, though this did not shrink the gross profit, which rose by 29.93 per cent to N54.7 billion from N42.1 billion. The operating profit stood at N24.4 billion in the period under review, higher than N18.8 billion in the same period of 2025, while the net finance income contracted by 9.43 per cent to N4.8 billion from N5.3 billion due to elevated borrowing costs.
Business Post reports that despite higher taxes paid in the first six months of 2026, the net profit grew by 8.33 per cent to N15.6 billion from N14.4 billion, enabling the board to pass on value to shareholders for their faith in the firm.
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange opened the week with a 0.52 per cent rise on Monday, July 20, driven by renewed buying interest.
The volume of securities traded during the opening session surged by 6,663.3 per cent to 52.6 million units from the previous 777,002 units, and the value of securities rose by 200.9 per cent to N191.2 million from the preceding session’s N104.2 million, while the number of deals depreciated by 15.2 per cent to 28 deals compared to the preceding session’s 33 deals.
Great Nigeria Insurance (GNI) Plc remained the most active stock by value on a year-to-date basis, with 3.4 billion units sold for N8.4 billion, followed by Infrastructure Credit Guarantee (Infracredit) Plc with 2.3 billion units valued at N6.5 billion in trades, and Central Securities Clearing System (CSCS) Plc with 75.4 million units exchanged for N5.3 billion.
GNI Plc also closed the day as the most traded stock by volume on a year-to-date basis, with 3.4 billion units worth N8.4 billion, followed by Infracredit Plc with 2.3 billion units transacted for N6.5 billion, and Resourcery Plc with 1.1 billion units traded for N415.7 million.
Yesterday, there were two price gainers and three price losers, led by FrieslandCampina Wamco Nigeria Plc, which slid by 66 Kobo to end at N141.15 per unit versus last Friday’s N141.81 per unit, Food Concepts Plc lost 24 Kobo to close at N2.31 per share versus N2.55 per share, and Geo-Fluids Plc declined by 17 Kobo to settle at N2.25 per unit compared with the previous closing price of N2.42 per unit.
Conversely, CSCS Plc chalked up N5.19 to close at N99.33 per share versus N94.14 per share, and Mass Telecoms Plc appreciated by 3 Kobo to sell at 35 Kobo per unit from 32 Kobo per unit.
As a result, the market capitalisation increased by N13.57 billion to N2.606 trillion from N2.593 trillion, and the NASD Security Index (NSI) gained 22.6 points to quote at 4,343.27 points, in contrast to the previous 4,320.67 points.
