FBS
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76.5% of retail CFD accounts lose money.

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BlackBull Markets
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FBS Vs. BlackBull Markets - Compare and Choose the Right One

Updated May 13 2022

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76.5% of retail CFD accounts lose money.

Visit

Your Capital is at risk.

Overview

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.

BlackBull Markets is a global broker headquartered in New Zealand founded in 2014 that specialises in providing CFDs based on shares, commodities, currencies and indices.

Best For
  • 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
  • Experienced currency traders looking for their ECN PRIME account offer with spreads from 0.1 Pips
Licenses

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

1

Other Licenses

3

Provided by
TheTradingBible.com

Learn More

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

0

Other Licenses

2

Provided by
TheTradingBible.com

Learn More
🏛 Financial Regulators
  • IFSC (Belize)
  • CySec (Cyprus)
  • ASIC (Australia)
  • FSCA (South Africa)
  • FMA (New Zealand)
  • FSAS (Seychelles)
The Good
  • 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)
  • Competitive spreads in their ECN PRIME account (From 0.1 Pips)
  • MT4 & 5 platforms offered
The Bad
  • Asset offering is extremely limited with over 100+ instruments
  • Minimum deposit for ECN account is high $1,000
  • Their standard asset offering is very low (over 300 instruments)
  • Share trading requires a separate platform with a different onboarding
  • Commissions are above average and share trading fees are a mystery
Status
Operational Operational
Recent News
N/A N/A
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
2009 2014
💳 Minimum Deposit
From $1 to $1,000 $200
💰 Payment Methods
  • Visa
  • Mastercard
  • Maestro
  • Neteller
  • Sticpay
  • Skrill
  • Perfect Money
  • Bank Transfer (depending on location and entity)
  • Bitcoin
  • Ethereum
  • USDT (Tether)
  • Visa
  • Mastercard
  • Bank Transfer
  • Neteller
  • FasaPay
  • China UnionPay
  • Skrill
💵 Account Base Currencies
3 - EUR, USD, AUD. 9 - EUR, USD, GBP, NZD, AUD, SGD, ZAR, JPY, CAD.
🗽 Available to U.S Citizens
No No
❌ Restricted Countries
JP, US, CA, MY, IL, IR. US, CA, SY, IR.
📊 STP Account
Yes Yes
📊 DMA Account
No No
📊 ECN Account
Yes Yes
Assets
📚 Available Assets

CFDs on stocks, currencies, commodities, cryptocurrencies and indices.

  • CFDs on shares, currencies, indices, commodities and cryptocurrencies.
📙 Stocks
104 23,000 + (Through a separate option which is hard to find)
📘 Currency Pairs
102 64
📗 Commodities
8 15
📕 Indices
12 13
📔 ETFs
N/A N/A
💸 Cryptocurrencies
28 8
📒 Bonds
N/A N/A
📓 Options
N/A N/A
📗 Futures
N/A N/A
📝 Notes:

All of FBS assets are CFDs.

All of BlackBull Markets assets are CFDs.
Trading Experience
📈 Minimum Stock Trade Size
$1,000 - 0.01 Lots N/A
📉 Minimum ETFs Trade Size
N/A N/A
📈 Minimum Crypto Trade Size
$1,000 - 0.01 Lots N/A
📉 Minimum FX Trade Size
$1,000 - 0.01 Lots $1,000 (0.01 Lots)
📈 Minimum Commodities Trade Size
$1,000 - 0.01 Lots N/A
📉 Minimum Bonds Trade Size
N/A N/A
📈 Minimum Futures Trade Size
N/A N/A
📉 Minimum Options Trade Size
N/A N/A
💪 Retail Leverage
Up to 1:3000 Up to 1:30
💪 Professional Leverage
N/A Up to 1:500
✍ Customisable Leverage
Yes Yes
🎲 Deleveraged Trading
No No
🎓 Demo Account
Yes Yes
📱 IOS App
Yes Yes (only for share trading)
📱 Android App
Yes Yes (only for share trading)
📺 MetaTrader 4
Yes Yes
📺 MetaTrader 5
Yes Yes
💻 Web trader
Yes Yes (MT4 & 5)
💻 TradingView Platform
No No
💻 Proprietary Platform
Yes Yes (only for share trading)
📊 Multi-chart Tools
Yes Yes
👬 Copy Trading
Yes Yes
👫 Social Trading
Yes Yes
🔑 Guaranteed Stop-loss
No No
🔨 Trailing Stop-loss
Yes No
Fees
💰 Inactivity Fee
No No
💰 Deposit Fees
No No
💰 Withdrawal Fees
No

Yes, $5 for card withdrawals and $20 for international bank transfer withdrawals.

💰 Commissions

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
  • ECN Standard has no fees.
  • ECN PRIME has a $6 commission per lot round turn

In the case of share trading, their fees start from NZD $12 per transaction yet they’re not clearly explained anywhere on their website.

Spreads
📈 EUR/USD
From 0 to 3 Pips based on account type From 0.4 Pips to 1.61 Pips
📉 SP500
Dynamic - From $1.7 From 5.5 Pips
📈 GOLD
Dynamic - From 32 Pips From 16 Pips
📉 TSLA (Stock CFD)
Dynamic - From $0.08 Dynamic - Market Spread
📈 XLK (ETF - CFD)
N/A Dynamic - Market spread
📉 BTC
Dynamic - From $104 N/A
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
No No
🗓 Economic Calendar
Yes Yes
📜 Integrated Newsfeed
No No
📡 Reuters Feed
No No

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