eToro
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74% of retail CFD accounts lose money.

Vs.

FBS
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76.5% of retail CFD accounts lose money.

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

Updated Apr 29 2024

Visit

74% of retail CFD accounts lose money.

Visit

76.5% of retail CFD accounts lose money.

Overview

eToro is an international broker specialised in social and copy trading that offers real stocks and cryptocurrencies along with CFDs on several asset classes.

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
  • New traders looking to use the copy trading feature
  • Experienced traders looking to monetise their skills by gaining followers
  • Passive investors looking to buy and hold shares with no commissions
  • 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

2

Other Licenses

2

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)
  • FCA (UK)
  • ASIC (Australia)
  • FSAS (Seychelles)
  • IFSC (Belize)
  • CySec (Cyprus)
  • ASIC (Australia)
  • FSCA (South Africa)
The Good
  • Social and Copy trading capabilities
  • Trading real shares and cryptocurrencies
  • 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
  • Copy Trading statistics are not clear enough
  • Lack of advanced order placement controls
  • 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
2007 2009
💳 Minimum Deposit Range
From $50 to $200 From $1 to $1,000
💰 Payment Methods
  • Visa
  • Mastercard
  • Bank Transfer
  • Sofort
  • Neteller
  • Paypal
  • Skrill
  • Visa
  • Mastercard
  • Maestro
  • Neteller
  • Sticpay
  • Skrill
  • Perfect Money
  • Bank Transfer (depending on location and entity)
  • Bitcoin
  • Ethereum
  • USDT (Tether)
💵 Account Base Currencies
1 - USD. 3 - EUR, USD, AUD.
🗽 Available to U.S Citizens
Yes No
❌ Restricted Countries

AF, AL, BS, BB, BY, BA, BW, BN, BI, KH, CA, TD, CD, CG, ET, FJ, GH, GN, GW, GY, IR, IQ, JM, JP, LA, LY, ML, MU, MN, ME, MM, NA, NI, KP, MK, PK, PW, WS, RS, SO, LK, SD, SY, TT, TN, TR, UG, VU, YE, ZM.

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
Hybrid CFDs
Total Asset Offering
4,245 254
Exchange Access
0 0
📙 Real Stocks
2,000 0
📙 Stock CFDs
2,000 104
📘 Currency Pairs
0 0
📘 Currency Pair CFDs
47 102
📗 Commodities
0 0
📗 Commodities CFDs
14 8
📕 Indices
0 0
📕 Indices CFDs
13 12
📔 ETFs
0 0
📔 ETFs CFDs
145 0
💸 Cryptocurrencies
0 0
💸 Cryptocurrency CFDs
26 28
📒 Bonds
0 0
📒 Bonds CFDs
0 0
📓 Options
0 0
📓 Options CFDs
0 0
📗 Futures
0 0
📗 Futures CFDs
0 0
Trading Experience
📈 Minimum Stock Trade Size
$10 $1,000 - 0.01 Lots
📉 Minimum ETFs Trade Size
$10 Unavailable
📈 Minimum Crypto Trade Size
$10 $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
Unavailable Unavailable
📈 Minimum Futures Trade Size
Unavailable Unavailable
📉 Minimum Options Trade Size
Unavailable Unavailable
💪 Retail Leverage
30 3000
💪 Professional Leverage
Unavailable 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
No Yes
📺 cTrader
No No
💻 Web trader
Yes Yes
💻 TradingView Platform
No No
💻 Proprietary Platform
Yes Yes
📊 Multi-chart Tools
Yes Yes
👬 Copy Trading
Yes Yes
👫 Social Trading
Yes Yes
🔑 Guaranteed Stop-loss
No No
🔨 Trailing Stop-loss
Yes Yes
Fees
💰 Inactivity Fee

After 12 months of inactivity, a $10 monthly inactivity fee will be charged.

None
💰 Deposit Fees

Conversion fees apply.

None
💰 Withdrawal Fees

$5 flat fee.

None
💰 Commissions

No commissions on real stocks and ETFs

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 1 Pip Dynamic - From 0 to 3 Pips
📉 SP500
Dynamic - From 75 Pips Dynamic - From 170 Pips
📈 GOLD
Dynamic - From 45 Pips Dynamic - From 32 Pips
📉 TSLA (Stock CFD)
Dynamic - From 0.09% Dynamic - From $0.08
📈 XLK (ETF - CFD)
Dynamic - From 0.09% Unavailable
📉 BTC
Fixed - 1% Dynamic - From $104
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
No No
🗓 Economic Calendar
Yes Yes
📜 Integrated Newsfeed
Yes No
📡 Reuters Feed
No No
📡 Educational Content
Yes No
📡 Live Chat Support
Yes No
📡 Video Tutorials
Yes No
📡 Account Management
No No
📡 Webinars
No No