FXCC versus FBS

FXCC offers traders the out-of-the-box MT4 trading platform and supports asset managers via the MAM module. It streamlined its account structure to one option for all traders, free of minimum deposit requirements for restriction-free portfolio building and high leverage ideal for demanding traders. The educational section covers introductory topics, but FXCC publishes quality daily trading signals.

FBS is one of the largest brokers industry-wide, serving 23+ million traders from 150+ countries with 410,000+ partners. The minimum deposit is only $100, but the competitive trading environment requires $1,000. FBS maintains three trading platforms and six trading accounts. Its low trading costs and high leverage create an edge for demanding traders.

I have conducted an in-depth review of FXCC and FBS to determine which one presents the better overall choice and which traders will benefit the most at either broker.

Features and Platforms

Features & PlatformsFBS (visit site)FXCC (visit site)
Headquarter:BelizeVanuatu
Established :
20092010
Retail Loss Rate:
75.20%Undisclosed
Regulation:
Minimum Deposit:
$1$0
Demo Account:
Managed Account:
Islamic Account:
Inactivity Fee
NoNo
Deposit Fee:
Yes + Third-PartyThird-Party
Withdrawal Fee
Yes + Third-PartyYes + Third-Party
Funding Methods:
618
MT4:
MT5:
cTrader:
Proprietary Platform:
Automated Trading:
Social / Copy Trading:
MT4/MT5 Add-ons:
Guaranteed Stop Loss:
Negative Balance Protection:
Bonuses and Promotions:
Unique Feature One:
Large trading community Low trading costs
Unique Feature Two:
Cent accounts for beginnersDaily trading signals
Broker Offers:

Noteworthy:

Both brokers offer generous bonuses. FXCC remains the better choice for algorithmic and high-frequency traders. FBS is ideal for social traders due to its large trading community and proprietary copy trading platform.

Available Markets

Available MarketsFBSFXCC
Currency Pairs:
Cryptocurrency Pairs:
Commodities and Metals:
Indices:
Equities:
Bonds:
ETFs:
Options, Futures, and Synthetics:
Maximum Retail Leverage:
1:30001:500
Maximum Pro Leverage:
1:30001:500

FXCC is primarily a Forex broker with a competitive selection of 71 currency pairs, providing traders will broad-based exposure. FBS only lists 37 currency pairs, insufficient for demanding traders but satisfactory for beginners. While FXCC does not offer equity trading, FBS has a collection of popular blue-chip stocks that trend on social media.

Typical Spreads and Fees

Typical Spreads & FeesFBSFXCC
Minimum Raw Spreads:
-0.1 pips0.0 pips
Minimum Standard Spreads:
0.3 pips0.0 pips
Minimum Commission for Forex:
$6.00 per round lotCommission-free
Commission for Equities:
Commission-freeNot applicable
Rebates:
NoNo
Execution Type:
Market Maker/ECN HybridECN/STP

The cost structure at both brokers remains excellent, and average costs are similar. FXCC lists commission-free spreads as 0 pips with an average of 0.5 pips versus 0.3 pips and 0.8 pips at FBS. The -0.1 pips negative spread on the EUR/USD comes with a $6.00 commission for a total execution cost of $5.00.

Security and Trust

FXCC

Country of the RegulatorName of the RegulatorLicense Number
Cyprus
Cyprus Securities and Exchange Commission121/10

FBS

Country of the RegulatorName of the RegulatorLicense Number
Belize
International Financial Services Commission000102/198
Cyprus
Cyprus Securities and Exchange Commission331/17

Traders get equally secure and trustworthy environments at both brokers, including negative balance protection and the segregation of client deposits from corporate funds. FXCC serves all non-EEA traders from its unregulated but duly registered Vanuatu subsidiary. The CySEC subsidiaries offer an investor compensation fund, but trading conditions in Vanuatu and Belize remain more competitive.

FXCC vs FBS – Verdict

FXCC

ProsCons
Commission-free raw spreads from 0 pips with average cost of 0.5 pipsEquity trading not available
One account type with no minimum deposits and high leverage
Quality education for beginner traders and daily trading signals
Full support for algorithmic and social

FBS

ProsCons
Low Forex trading costs from $5.00 per 1 standard lotLimited overall asset selection
Competitive choice of cryptocurrencies
Proprietary copy trading service and one of the largest trading communities
Minimum deposit of $1 with maximum leverage of 1:3000

Despite many similarities between FXCC and FBS, FXCC takes an overall lead as it offers Forex traders a better trading environment. It lists more currency pairs and lower average trading costs, especially for high-frequency and high-volume traders. FBS presents a competitive introduction to multi-asset trading but fails to provide in-depth services for each asset class.

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