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


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.	XM is an international broker headquartered in Cyprus which offers MetaTrader 4 & 5 and over 1500 + tradable assets.
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 traders looking to trade shares in high volume using their Zero account MetaTrader users wishing to explore XM's offering while maintaining their preferred platforms
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 2 Other Licenses 1 Provided by TheTradingBible.com Learn More
🏛 Financial Regulators
IFSC (Belize) CySec (Cyprus) ASIC (Australia) FSCA (South Africa)	ASIC (Australia) CySec (Cyprus) ADGM (United Arab Emirates)
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 commissions on their Zero account Modest asset offering of 1500+ tradable instruments (similar to competitors in the same range)
The Bad
Asset offering is extremely limited with over 100+ instruments Minimum deposit for ECN account is high $1,000	No proprietary platforms or technology Expensive spreads and trading fees Lack of asset variety when compared to other brokers in the same range
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	2009
💳 Minimum Deposit Range
From $1 to $1,000	$5
💰 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 Skrill
💵 Account Base Currencies
3 - EUR, USD, AUD.	11 - USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, ZAR.
🗽 Available to U.S Citizens
No	No
❌ Restricted Countries
JP, US, CA, MY, IL, IR.	US, CA.
📊 STP Account
Yes	No
📊 DMA Account
No	No
📊 ECN Account
Yes	No
Banking License
No	No
Debit Card
No	No
Assets
📚 Assets Type
CFDs	CFDs
Total Asset Offering
254	1,382
Exchange Access
0	0
📙 Real Stocks
0	0
📙 Stock CFDs
104	1,286
📘 Currency Pairs
0	0
📘 Currency Pair CFDs
102	57
📗 Commodities
0	0
📗 Commodities CFDs
8	15
📕 Indices
0	0
📕 Indices CFDs
12	14
📔 ETFs
0	0
📔 ETFs CFDs
0	0
💸 Cryptocurrencies
0	0
💸 Cryptocurrency CFDs
28	0
📒 Bonds
0	0
📒 Bonds CFDs
0	0
📓 Options
0	0
📓 Options CFDs
0	0
📗 Futures
0	0
📗 Futures CFDs
0	10
Trading Experience
📈 Minimum Stock Trade Size
$1,000 - 0.01 Lots	Variable - Fractions allowed
📉 Minimum ETFs Trade Size
Unavailable	Unavailable
📈 Minimum Crypto Trade Size
$1,000 - 0.01 Lots	Unavailable
📉 Minimum FX Trade Size
$1,000 - 0.01 Lots	$100 (0.001 Lots)
📈 Minimum Commodities Trade Size
$1,000 - 0.01 Lots	Varies by Commodity (Eg: 0.01 Troy ounce of Gold)
📉 Minimum Bonds Trade Size
Unavailable	Unavailable
📈 Minimum Futures Trade Size
Unavailable	Varies by Commodity (Eg: 0.01 Troy ounce of Gold)
📉 Minimum Options Trade Size
Unavailable	Unavailable
💪 Retail Leverage
3000	30
💪 Professional Leverage
Unavailable	500
✍ Customisable Leverage
Yes	Yes
🎲 Deleveraged Trading
No	No
🎓 Demo Account
Yes	Yes
📱 IOS App
Yes	No
📱 Android App
Yes	No
📺 MetaTrader 4
Yes	Yes
📺 MetaTrader 5
Yes	Yes
📺 cTrader
No	No
💻 Web trader
Yes	Yes
💻 TradingView Platform
No	No
💻 Proprietary Platform
Yes	No
📊 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
None	Yes, $15 one time payment after 1 year of inactivity and then $5 monthly.
💰 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 on Zero accounts ($7 per lot round turn).
Spreads
📈 EUR/USD
Dynamic - From 0 to 3 Pips	Dynamic - From 1.7 Pips
📉 SP500
Dynamic - From 170 Pips	Dynamic - From 40 Pips
📈 GOLD
Dynamic - From 32 Pips	Dynamic - From 35 Pips
📉 TSLA (Stock CFD)
Dynamic - From $0.08	Dynamic - From $9.4
📈 XLK (ETF - CFD)
Unavailable	Unavailable
📉 BTC
Dynamic - From $104	Unavailable
Research and Analysis
⭐ Watchlists
Yes	Yes
🔭 Stock Screener
No	No
🗓 Economic Calendar
Yes	Yes
📜 Integrated Newsfeed
No	No
📡 Reuters Feed
No	No
📡 Educational Content
No	Yes
📡 Live Chat Support
No	No
📡 Video Tutorials
No	No
📡 Account Management
No	Yes
📡 Webinars
No	Yes