FBS versus XM Broker Comparison

FBS launched in 2009 and grew into one of the largest Forex brokers globally, with 23+ million traders from 150+ countries and 410,000+ partners. With a minimum deposit of only $1, three trading platforms, six trading accounts, maximum leverage of 1:3000, and a competitive cost structure, FBS offers a highly competitive trading environment.

XM serves 5M+ traders from 190 countries and offers traders one of the most efficient order execution environments, with 2.4 billion trades executed without requotes or rejections. XM maintains the MT4/MT5 trading platforms, a broad-based asset selection, and competitive trading costs.

Both brokers offer traders generous bonuses, research, and education, but XM adds higher-quality trading tools.

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

Features and Platforms

Features & PlatformsXM (visit site)FBS (visit site)
Established :
Retail Loss Rate:
Minimum Deposit:
Demo Account:
Managed Account:
Islamic Account:
Inactivity Fee
$5 monthly after 90 daysNo
Deposit Fee:
Yes + Third-Party
Withdrawal Fee
Third-PartyYes + Third-Party
Funding Methods:
Proprietary Platform:
Automated Trading:
Social / Copy Trading:
MT4/MT5 Add-ons:
Guaranteed Stop Loss:
Negative Balance Protection:
Bonuses and Promotions:
Unique Feature One:
Low trading costs Large trading community
Unique Feature Two:
Excellent order executionCent accounts for beginners
Broker Offers:


FBS developed an in-house copy trading service and is home to one of the largest trading communities in the industry. XM maintains a broader choice of trading instruments and lower trading costs.

Available Markets

Available MarketsXMFBS
Currency Pairs:
Cryptocurrency Pairs:
Commodities and Metals:
Options, Futures, and Synthetics:
Maximum Retail Leverage:
Maximum Pro Leverage:

FBS only offers 37 currency pairs versus 57 at XM. While neither broker offers an in-depth choice, XM supports better diversification. The roles reverse for cryptocurrency traders, where FBS maintains 30 cryptocurrencies and XM only lists five. The XM asset selection is notably broader, appealing to more trading strategies and providing cross-asset exposure..

Typical Spreads and Fees

Typical Spreads & FeesXMFBS
Minimum Raw Spreads:
Not applicable0.1 pips
Minimum Standard Spreads:
0.6 pips0.5 pips
Minimum Commission for Forex:
Commission-free$6.00 per round lot
Commission for Equities:
Commission Rebates:
Execution Type:
Market MakerMarket Maker/ECN Hybrid

FBS offers a highly competitive core pricing environment, with minimum commission-free costs of $5.00 per 1 standard lot versus $6.00 at XM. The FBS commission-based alternative lists a negative spread on the EUR/USD. XM has lower swap rates on leveraged overnight positions, making overall long-term trading costs cheaper for most trading strategies.

Security and Trust


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


Country of the RegulatorName of the RegulatorLicense Number
International Financial Services Commission000261/158
Financial Conduct Authority705428
Cyprus Securities and Exchange Commission120/10 and 256/14
Australian Securities and Investment Commission443670
Dubai Financial Services AuthorityF003484
Securities Commission of the BahamasSIA-F201
Commodity Futures Trading Commission / National Futures AssociationNFA #0516820

Both brokers segregate client deposits, offer negative balance protection, and have clean regulatory records. The UK and Cyprus subsidiaries offer an investor compensation fund, but the Belize brokerage maintains the most competitive trading conditions. FBS and XM have well-established operating histories and rank among the most trusted and secure brokers in the industry.

XM vs FBS – Verdict


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


Well balanced overall asset selection Limited cryptocurrency selection
Upgraded MT4/MT5 trading accounts with excellent order execution statistics
Low minimum deposit of $5 and maximum leverage of 1:888
Competitive commission-free trading costs from $5.00 per 1 standard lot

FBS and XM offer Forex traders low trading costs. XM is ahead overall due to lower swap rates on leveraged overnight positions and its loyalty program, which decreases costs for high-volume traders. Beginner traders get quality education at both brokers, but XM provides superior research. The asset selection at XM is notably broader, except for cryptocurrencies, where FBS takes the lead, while both offer generous bonuses.

Read full XM Review
Read full FBS Review

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Is FBS a good Forex broker?

FBS is a quality broker, ideal for beginner traders, scalpers, and cryptocurrency traders.

What broker is better than XM?

XM ranks among the most competitive broker, catering to all traders with a quality trading environment.

Is XM a good Forex broker?

XM established itself as a quality broker with a trading environment most brokers cannot match, making it a leading choice for demanding traders.

Why is XM the best broker?

XM offers low trading costs, a well-balanced asset selection, high leverage, excellent order execution statistics, upgraded MT4/MT5 trading platforms, quality research, and education.

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