FBS versus FXTM

Traders at FXTM get an average execution speed of 0.072 seconds and an average price improvement of 0.29 pips or $2.90 per lot, offering a distinct cost advantage. The deep liquidity and core MT4/MT5 trading platforms grant high-volume traders a competitive core trading environment. Beginners get quality education, market research, and trading signals.

With 23+ million traders from 150+ countries and 410,000+ partners, FBS remains one of the largest brokers with an active trading community. Besides the out-of-the-box MT4/MT5 platforms, FBS offers a proprietary mobile app, a copy trading service, and attractive bonuses and promotions.

We have conducted an in-depth review of FXTM 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 & PlatformsFXTM (visit site)FBS (visit site)
Headquarter:MauritiusBelize
Established :
20112009
Retail Loss Rate:
77.00%75.20%
Regulation:
Minimum Deposit:
$500$1
Demo Account:
Managed Account:
Islamic Account:
Inactivity Fee
$5 monthly after six monthsNo
Deposit Fee:
Third-PartyYes + Third-Party
Withdrawal Fee
Third-PartyYes + Third-Party
Funding Methods:
476
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:
Excellent order executionLarge trading community
Unique Feature Two:

Proprietary mobile trading app

Cent accounts for beginners
Broker Offers:

Noteworthy:

FXTM requires a minimum deposit of $500 for its most competitive trading conditions versus $1,000 at FBS.

Available Markets

Available MarketsFXTMFBS
Currency Pairs:
Cryptocurrency Pairs:
Commodities and Metals:
Indices:
Equities:
Bonds:
ETFs:
Options, Futures, and Synthetics:
Maximum Retail Leverage:
1:20001:3000
Maximum Pro Leverage:
1:2001:3000

FXTM offers 1,000+ assets, focused on equity CFDs. It also maintains direct share investments and in-house thematic stock baskets for long-term investors. Neither broker covers the Forex market well, but the 37 currency pairs at FBS disappoint. FBS also has popular blue-chip stocks that trend on social media and cryptocurrencies, missing at FXTM.

Typical Spreads and Fees

Typical Spreads & FeesFXTMFBS
Minimum Raw Spreads:
0.0 pips-0.1 pips
Minimum Standard Spreads:
1.5 pips0.5 pips
Minimum Commission for Forex:
$0.80 per 1.0 lot$6.00 per round lot
Commission for Equities:
Commission-freeCommission-free
Rebates:
NoNo
Execution Type:
Market Maker/ECN HybridMarket Maker/ECN Hybrid

Trading cost competitiveness depends on the trader, as both brokers offer cheap pricing environments. FBS has lower commission-free costs, and the -0.1 pips negative spread comes with a $6.00 commission for final fees of $5.00. FXTM maintains an edge for high-volume traders in its commission-based accounts.

Security and Trust

FBS

Country of the RegulatorName of the RegulatorLicense Number
Belize
International Financial Services Commission 000102/198
Cyprus
Cyprus Securities and Exchange Commission 331/17

FXTM

Country of the RegulatorName of the RegulatorLicense Number
Mauritius
Financial Services CommissionC113012295
UK
Financial Conduct Authority777911
Cyprus
Cyprus Securities and Exchange Commission185/12
South Africa
Financial Sector Conduct Authority46614

Traders get an equally secure and trustworthy environment at both FXTM and FBS, including negative balance protection and the segregation of client deposits from corporate funds. Most traders will deal with the competitive Mauritius and Belize subsidiaries. The UK subsidiary of FXTM and the CySEC subsidiary at both brokers have investor compensation funds.

FBS vs FXTM – Verdict

FBS

ProsCons
Low Forex trading costs from $5.00 per 1.0 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

FXTM

ProsCons
Excellent commission-based Forex pricing environment and transparency No cryptocurrencies and a limited choice of commodities
Upgraded MT4/MT5 trading platforms plus proprietary mobile trading app
Quality market research and educational content for beginner traders

A highly regulated broker with a tier-1 license

The introduction to multi-asset trading at FBS remains competitive but fails to provide in-depth services for each asset class. FBS shines with its active trading community and proprietary social trading services. FXTM takes an overall lead due to its balanced asset selection, lower capital requirements for a highly competitive pricing environment, and excellent order execution with price improvement, which can boost trading profits.

You might also be interested in reviewing the below broker comparisons:

Read full FXTM Review
Read full FBS Review

FAQs

Is FBS a good Forex broker?

FBS is a good Forex broker for beginners who favor social trading, but it fails to serve advanced requirements.

Which account is best for FBS?

The FBS ECN account is the best, offering low trading costs but requiring a minimum deposit of $1,000.

Can I trust FBS?

FBS established itself as a trustworthy broker, operational since 2009, compliant with two regulators, and has a spotless record. Clients may trust FBS with their deposits and portfolios.

What is the minimum withdrawal on FBS?

The minimum deposit at FBS is $1, but it requires $1,000 for competitive trading conditions.

Is FBS a South African broker?

FBS is not a South African broker, does not have a license in South Africa, but accepts South African clients, as the regulatory environment has no restrictions on international brokers.

How long do FBS withdrawals take?

FBS processes withdrawal requests daily on a first-come, first-served basis. Depending on the payment processor and geographic location, clients may have to wait up to seven business days for withdrawals to arrive.

What is the minimum deposit on FXTM?

The minimum deposit for FXTM is $500, for the Advantage account which offers exceptionally competitive trading conditions.

Can FXTM be trusted?

Due to a clean track record with four regulators, over one decade of experience, and a transparent approach to trading costs and order execution, traders can trust FXTM.

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