FBS
Visit

76.5% of retail CFD accounts lose money.

Vs.

RoboForex
Visit

74-89% of retail CFD accounts lose money.

FBS Vs. RoboForex - Compare and Choose the Right One

Updated May 13 2022

Visit

76.5% of retail CFD accounts lose money.

Visit

74-89% 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.

RoboForex is an international broker established in 2009 which also owns the brand RoboMarkets and specialises on CFD trading over several asset classes.

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
  • Intermediate and Professional traders looking for different account offerings
  • Experienced traders looking for trading platform variety
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

1

Provided by
TheTradingBible.com

Learn More
🏛 Financial Regulators
  • IFSC (Belize)
  • CySec (Cyprus)
  • ASIC (Australia)
  • FSCA (South Africa)
  • IFSC (International Financial Services Commission of Belize)
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)
  • Comprehensive asset offering with more than 13,000+ instruments
  • Great platform variety (MT4, MT5, cTrader and their own proprietary platforms)
  • Custom account types with spreads from 0 pips
The Bad
  • Asset offering is extremely limited with over 100+ instruments
  • Minimum deposit for ECN account is high $1,000
  • Weak regulatory framework (counting on 1 license from the IFSC)
  • Doesn’t accept clients from the UK, EU and a few other countries
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 2009
💳 Minimum Deposit
From $1 to $1,000 $10
💰 Payment Methods
  • Visa
  • Mastercard
  • Maestro
  • Neteller
  • Sticpay
  • Skrill
  • Perfect Money
  • Bank Transfer (depending on location and entity)
  • Bitcoin
  • Ethereum
  • USDT (Tether)
  • Visa
  • Mastercard
  • JCB
  • AstroPay
  • Skrill
  • Neteller
  • Perfect Money
  • AdvCash
  • NganLuong Wallet
  • Bank transfers (SEPA, local and several options per country)
💵 Account Base Currencies
3 - EUR, USD, AUD. 4 - USD, EUR, CNY, GOLD.
🗽 Available to U.S Citizens
No No
❌ Restricted Countries
JP, US, CA, MY, IL, IR.

US, CA, JP, AU, BQ, CW, TL, RU, GQ, FM, MP, SJ, SS, UK, European Union.

📊 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 currencies, commodities, stocks, indices, ETFs and cryptocurrencies

📙 Stocks
104 12,000+
📘 Currency Pairs
102 40+
📗 Commodities
8 100+
📕 Indices
12 50+
📔 ETFs
N/A 1,000+
💸 Cryptocurrencies
28 16
📒 Bonds
N/A N/A
📓 Options
N/A N/A
📗 Futures
N/A N/A
📝 Notes:

All of FBS assets are CFDs.

All of RoboForex’s assets are CFDs.
Trading Experience
📈 Minimum Stock Trade Size
$1,000 - 0.01 Lots

Depends on each platform: from $1,000 (0.01 Lots) to $10,000 (0.1 Lots)

📉 Minimum ETFs Trade Size
N/A

Depends on each platform: from $1,000 (0.01 Lots) to $10,000 (0.1 Lots)

📈 Minimum Crypto Trade Size
$1,000 - 0.01 Lots

Depends on each platform: from $1,000 (0.01 Lots) to $10,000 (0.1 Lots)

📉 Minimum FX Trade Size
$1,000 - 0.01 Lots

Depends on each platform: from $1,000 (0.01 Lots) to $10,000 (0.1 Lots)

📈 Minimum Commodities Trade Size
$1,000 - 0.01 Lots

Depends on each platform: from $1,000 (0.01 Lots) to $10,000 (0.1 Lots)

📉 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 1:2000
💪 Professional Leverage
N/A N/A
✍ Customisable Leverage
Yes Yes
🎲 Deleveraged Trading
No No
🎓 Demo Account
Yes Yes
📱 IOS App
Yes Yes
📱 Android App
Yes Yes
📺 MetaTrader 4
Yes Yes
📺 MetaTrader 5
Yes Yes
💻 Web trader
Yes Yes
💻 TradingView Platform
No No
💻 Proprietary Platform
Yes Yes
📊 Multi-chart Tools
Yes Yes
👬 Copy Trading
Yes Yes
👫 Social Trading
Yes No
🔑 Guaranteed Stop-loss
No No
🔨 Trailing Stop-loss
Yes Yes
Fees
💰 Inactivity Fee
No No
💰 Deposit Fees
No No
💰 Withdrawal Fees
No

Yes for some methods (eg: Some bank withdrawals can cost up to 1.5% of the amount)

💰 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 depending on account type (eg: for ECN accounts there are commissions up to $20).

Spreads
📈 EUR/USD
From 0 to 3 Pips based on account type

Dynamic - From 0 Pips depending on account type, 1.4 Pips on Average

📉 SP500
Dynamic - From $1.7 Dynamic - Market Spread
📈 GOLD
Dynamic - From 32 Pips Dynamic - From 17 Pips
📉 TSLA (Stock CFD)
Dynamic - From $0.08 Dynamic - Market Spread
📈 XLK (ETF - CFD)
N/A Dynamic - Market Spread
📉 BTC
Dynamic - From $104 Dynamic - From $220
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
No No
🗓 Economic Calendar
Yes Yes
📜 Integrated Newsfeed
No No
📡 Reuters Feed
No No

By using TheTradingBible.com's website you agree to the use of cookies.