AAATrade
Visit

69.23% of retail CFD accounts lose money.

Vs.

FBS
Visit

76.5% of retail CFD accounts lose money.

AAATrade Vs. FBS - Compare Trustworthiness, Capabilities, Fees and Legitimacy

Updated Oct 20 2022

Visit

69.23% of retail CFD accounts lose money.

Visit

76.5% of retail CFD accounts lose money.

Overview

AAATrade is a Cyprus based broker established in 2013, that offers a variety of financial instruments including contracts for difference (CFDs), forex, stock, commodities, cryptocurrencies and others.

FBS is a global broker established in 2009 that specialises in currencies trading via MetaTrader 4 & 5 platforms along with their own proprietary mobile app.

Best For
  • Beginner traders looking for a simple web and mobile platform to get started
  • Passive investors looking for real equity
  • New traders looking to trade via MT4 with really low starting amounts using their Cent or Micro accounts
  • Experienced high volume traders looking for a fixed zero spread account
Licenses

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

0

Other Licenses

1

Provided by
TheTradingBible.com

Learn More

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

1

Other Licenses

3

Provided by
TheTradingBible.com

Learn More
🏛 Financial Regulators
  • CySec (Cyprus)
  • IFSC (Belize)
  • CySec (Cyprus)
  • ASIC (Australia)
  • FSCA (South Africa)
The Good
  • Simple and friendly proprietary trading platform
  • Intuitive overview of account analytics
  • Wide variety of CFDs and real equities
  • Clear account offering that covers all levels of traders according to their net worth
  • Proprietary copy trading service
  • Access to high leverage (Up to 1:3000)
The Bad
  • Above-average FX spreads
  • High fees (depending on the deposit / withdrawal methods)
  • High deposit requirements for advanced services ($25,000 , $100,000)
  • Asset offering is extremely limited with over 100+ instruments
  • Minimum deposit for ECN account is high $1,000
Status
Operational Operational
Recent News

No fresh news at the moment. Check again soon!

No fresh news at the moment. Check again soon!

Key Data
⌛ Account Opening Time
1 day 1 day
📋 Documents Required
  • Valid identity document (Passport, ID Card, etc)
  • Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

  • Valid identity document (Passport, ID Card, etc)
  • Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

📍 Year Founded
2013 2009
💳 Minimum Deposit Range
$500 From $1 to $1,000
💰 Payment Methods
  • Credit Card
  • Debit Card
  • Wire Transfer
  • Skrill
  • Neteller
  • FasaPay
  • UnionPay
  • Giropay
  • QIWI
  • Cryptocurrencies
  • Visa
  • Mastercard
  • Maestro
  • Neteller
  • Sticpay
  • Skrill
  • Perfect Money
  • Bank Transfer (depending on location and entity)
  • Bitcoin
  • Ethereum
  • USDT (Tether)
💵 Account Base Currencies
3 - EUR, USD, GBP. 3 - EUR, USD, AUD.
🗽 Available to U.S Citizens
No No
❌ Restricted Countries

US, AS, AI, BB, FJ, GU, PW, PA, WS, SC, TT, VU, AL, BS, BW, KH, GH, JM, MU, MM, NI, PK, UG, SY, YE, ZW, IR, KR, AF, IQ, MN.

JP, US, CA, MY, IL, IR.

📊 STP Account
Yes Yes
📊 DMA Account
Yes No
📊 ECN Account
No Yes
Banking License
No No
Debit Card
No No
Assets
📚 Assets Type
CFDs CFDs
Total Asset Offering
2,162 254
Exchange Access
25 0
📙 Real Stocks
1,000 0
📙 Stock CFDs
1,000 104
📘 Currency Pairs
0 0
📘 Currency Pair CFDs
80 102
📗 Commodities
0 0
📗 Commodities CFDs
4 8
📕 Indices
0 0
📕 Indices CFDs
12 12
📔 ETFs
0 0
📔 ETFs CFDs
5 0
💸 Cryptocurrencies
0 0
💸 Cryptocurrency CFDs
50 28
📒 Bonds
0 0
📒 Bonds CFDs
4 0
📓 Options
0 0
📓 Options CFDs
0 0
📗 Futures
0 0
📗 Futures CFDs
7 0
Trading Experience
📈 Minimum Stock Trade Size
1 share $1,000 - 0.01 Lots
📉 Minimum ETFs Trade Size
1 ETF Unavailable
📈 Minimum Crypto Trade Size
Varies per Cryptocurrency (Eg: 0.01 BTC) $1,000 - 0.01 Lots
📉 Minimum FX Trade Size
$1,000 (0.01 lots) $1,000 - 0.01 Lots
📈 Minimum Commodities Trade Size
$1,000 (0.01 lots) $1,000 - 0.01 Lots
📉 Minimum Bonds Trade Size
100 units Unavailable
📈 Minimum Futures Trade Size
$1,000 (0.01 lots) Unavailable
📉 Minimum Options Trade Size
Unavailable Unavailable
💪 Retail Leverage
30 3000
💪 Professional Leverage
500 Unavailable
✍ Customisable Leverage
Yes Yes
🎲 Deleveraged Trading
Yes No
🎓 Demo Account
Yes Yes
📱 IOS App
Yes Yes
📱 Android App
Yes Yes
📺 MetaTrader 4
No Yes
📺 MetaTrader 5
Yes Yes
📺 cTrader
No No
💻 Web trader
Yes Yes
💻 TradingView Platform
No No
💻 Proprietary Platform
Yes Yes
📊 Multi-chart Tools
Yes Yes
👬 Copy Trading
No Yes
👫 Social Trading
No Yes
🔑 Guaranteed Stop-loss
No No
🔨 Trailing Stop-loss
No Yes
Fees
💰 Inactivity Fee

€15 after 3 months of inactivity.

None
💰 Deposit Fees

From 0.2% for cryptocurrency, credit and debit cards up to 5% for alternative payments. Direct wire transfers have a fee of €10.

None
💰 Withdrawal Fees

Wire transfers have a €10 fee.

None
💰 Commissions
  • No commissions on novice accounts.
  • Commission free trading for stock ETFs on Experienced accounts
  • FX commissions are $4-$8 per lot depending whether the pair is major, minor or exotic.

FBS commissions vary per account type as follows:

  • Cent account: none
  • Micro account: none
  • Standard account: none
  • Zero spread account: From $20 per lot
  • ECN account: From $6 per lot
  • Crypto account: 0.05% for opening or closing positions
Spreads
📈 EUR/USD
Dynamic - From 2 Pips Dynamic - From 0 to 3 Pips
📉 SP500
Dynamic - From 50 Pips Dynamic - From 170 Pips
📈 GOLD
Dynamic - From 95 Pips Dynamic - From 32 Pips
📉 TSLA (Stock CFD)
Dynamic - From $0.21 Dynamic - From $0.08
📈 XLK (ETF - CFD)
Dynamic - From $0.01 Unavailable
📉 BTC
Dynamic - From $511 Dynamic - From $104
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
Yes No
🗓 Economic Calendar
Yes Yes
📜 Integrated Newsfeed
Yes No
📡 Reuters Feed
No No
📡 Educational Content
Yes No
📡 Live Chat Support
No No
📡 Video Tutorials
No No
📡 Account Management
Yes No
📡 Webinars
No No