FBS
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76.5% of retail CFD accounts lose money.

Vs.

IG
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79% of retail CFD accounts lose money.

FBS Vs. IG - Compare and Choose the Right One

Updated Oct 20 2022

Visit

76.5% of retail CFD accounts lose money.

Visit

79% of retail CFD accounts lose money.

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.

IG is a global broker established in 1974 that holds 10 reputable financial licenses and provides CFD trading on stocks, commodities, ETFs, indices, cryptocurrencies, bonds, futures, options along with real stocks through their share dealing account.

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
  • Professional traders looking to exploit their customisable platform and broad asset offering
  • High volume traders that can offset their commission costs by trading in larger volumes
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

7

Other Licenses

1

Provided by
TheTradingBible.com

Learn More
🏛 Financial Regulators
  • IFSC (Belize)
  • CySec (Cyprus)
  • ASIC (Australia)
  • FSCA (South Africa)
  • ASIC (Australia)
  • FCA (UK)
  • NFA (United States)
  • ADGM (United Arab Emirates)
  • FINMA (Switzerland)
  • MAS (Singapore)
  • FFAJ (Japan)
  • FSCA (South Africa)
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)
  • Broad platform offering with high customisability and integrated news feeds
  • Comprehensive asset offering with more than 10,000 + CFDs or real stocks and ETFs
The Bad
  • Asset offering is extremely limited with over 100+ instruments
  • Minimum deposit for ECN account is high $1,000
  • There are too many small costs such as custody, in-and-out-commissions in some cases, management fees, etc
  • Their standard contracts can be too large some times for low volume traders
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
2009 1974
💳 Minimum Deposit Range
From $1 to $1,000 From 0 to $300.
💰 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
  • Paypal
💵 Account Base Currencies
3 - EUR, USD, AUD. 6 - AUD, EUR, GBP, HKD, SGD, USD.
🗽 Available to U.S Citizens
No Yes
❌ Restricted Countries

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

SY, IR.

📊 STP Account
Yes No
📊 DMA Account
No Yes
📊 ECN Account
Yes Yes
Banking License
No No
Debit Card
No No
Assets
📚 Assets Type
CFDs Hybrid
Total Asset Offering
254 24,357
Exchange Access
0 8
📙 Real Stocks
0 10,000
📙 Stock CFDs
104 10,000
📘 Currency Pairs
0 0
📘 Currency Pair CFDs
102 210
📗 Commodities
0 0
📗 Commodities CFDs
8 37
📕 Indices
0 0
📕 Indices CFDs
12 76
📔 ETFs
0 2,000
📔 ETFs CFDs
0 2,000
💸 Cryptocurrencies
0 0
💸 Cryptocurrency CFDs
28 15
📒 Bonds
0 0
📒 Bonds CFDs
0 19
📓 Options
0 0
📓 Options CFDs
0 0
📗 Futures
0 0
📗 Futures CFDs
0 0
Trading Experience
📈 Minimum Stock Trade Size
$1,000 - 0.01 Lots 1 Share
📉 Minimum ETFs Trade Size
Unavailable 1 ETF
📈 Minimum Crypto Trade Size
$1,000 - 0.01 Lots 0.01 Contracts
📉 Minimum FX Trade Size
$1,000 - 0.01 Lots 1 Contract
📈 Minimum Commodities Trade Size
$1,000 - 0.01 Lots 1 Contract
📉 Minimum Bonds Trade Size
Unavailable 1 Contract
📈 Minimum Futures Trade Size
Unavailable 1 Contract
📉 Minimum Options Trade Size
Unavailable 1 Contract
💪 Retail Leverage
3000 30
💪 Professional Leverage
Unavailable 500
✍ Customisable Leverage
Yes No
🎲 Deleveraged Trading
No No
🎓 Demo Account
Yes Yes
📱 IOS App
Yes Yes
📱 Android App
Yes Yes
📺 MetaTrader 4
Yes Yes
📺 MetaTrader 5
Yes No
📺 cTrader
No No
💻 Web trader
Yes Yes
💻 TradingView Platform
No No
💻 Proprietary Platform
Yes Yes
📊 Multi-chart Tools
Yes Yes
👬 Copy Trading
Yes No
👫 Social Trading
Yes No
🔑 Guaranteed Stop-loss
No Yes
🔨 Trailing Stop-loss
Yes No
Fees
💰 Inactivity Fee
None

After 24 months of inactivity, IG charges an $18 monthly fee.

💰 Deposit Fees
None None
💰 Withdrawal Fees
None None
💰 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

Yes, they charge depending on the client’s account base currency and exchange location of the shares being traded. For example, for some clients US shares can have a minimum charge of $10 in-and-out.

Spreads
📈 EUR/USD
Dynamic - From 0 to 3 Pips Dynamic - From 0.9 Pips
📉 SP500
Dynamic - From 170 Pips Dynamic - From 150 Pips
📈 GOLD
Dynamic - From 32 Pips Dynamic - From 50 Pips
📉 TSLA (Stock CFD)
Dynamic - From $0.08 Dynamic - From $1.03
📈 XLK (ETF - CFD)
Unavailable Dynamic - From 0 Pips
📉 BTC
Dynamic - From $104 Dynamic - From $1.03
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
No No
🗓 Economic Calendar
Yes Yes
📜 Integrated Newsfeed
No Yes
📡 Reuters Feed
No Yes
📡 Educational Content
No Yes
📡 Live Chat Support
No Yes
📡 Video Tutorials
No No
📡 Account Management
No No
📡 Webinars
No Yes