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
- Available Markets
- Typical Spreads and Fees
- Security and Trust
- FXCC versus FBS - Verdict
 |  | |
Headquarters | Belize | Cyprus |
Regulators | ASIC, CySEC, FSC Belize | CySEC, VFSC |
Tier 1 Regulator(s)? | N/A | |
Owned by Public Company? | N/A | |
Year Established | 2009 | 2010 |
Execution Type(s) | ECN/STP | ECN/STP, No Dealing Desk |
Minimum Deposit | $5 | $50 |
Negative Balance Protection | N/A | |
Trading Platform(s) | Other, MetaTrader 4, MetaTrader 5+ | MetaTrader 4 |
Average Trading Cost EUR/USD | $11.00 | N/A |
Average Trading Cost GBP/USD | $14.00 | N/A |
Average Trading Cost WTI Crude Oil | $0.05 | N/A |
Average Trading Cost Gold | $0.31 | N/A |
Retail Loss Rate | 69.21% | N/A |
Minimum Raw Spreads | Not applicable | N/A |
Minimum Standard Spreads | 0.7 pips | N/A |
Minimum Commission for Forex | Commission-free | N/A |
Islamic Account | ||
Signals | ||
US Persons Accepted? | ||
Managed Accounts | ||
| Get Started | Get Started |
Features and Platforms
N/A N/A N/A N/A Get Started Get Started
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
N/A N/A N/A N/A N/A N/A N/A Get Started Get Started
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
$11.00 N/A $14.00 N/A $0.05 N/A $0.31 N/A $20.00 N/A Not applicable N/A 0.7 pips N/A Commission-free N/A N/A N/A Get Started Get Started
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
Australia, Belize, Cyprus N/A ASIC, CySEC, FSC Belize CySEC, VFSC 000102/6, 331/17, 426359 N/A 4, 1, 1 N/A Get Started Get Started
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
| Pros | Cons |
| Commission-free raw spreads from 0 pips with average cost of 0.5 pips | Equity 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
| Pros | Cons |
| Low Forex trading costs from $5.00 per 1 standard lot | Limited 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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FAQs
Is FXCC a regulated broker?
FXCC has a regulatory license from the CySEC but caters to all non-EEA traders from its unregulated but duly registered Vanuatu subsidiary. FXCC remains one of the most trusted brokers industry-wide.
Is FBS a good broker in South Africa?
FBS offers South African traders a very competitive entry-level trading environment. The proprietary copy trading service and mobile app serve the core South African Forex market well.
Is FXCC an ECN broker?
FXCC is an ECN broker with a highly competitive pricing environment, ideal for demanding Forex traders, scalpers, and high-volume traders.