FXCM Vs. FBS - Compare and Choose the Right One


Visit 77% of retail CFD accounts lose money.	Visit 76.5% of retail CFD accounts lose money.
Overview
FXCM is a global brokerage headquartered in the U.K that specialises in both retail and institutional trading with a comprehensive API offering. TheTradingBible.com is acting in a capacity of a marketing affiliate of FXCM EU LTD.	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
Professional algorithmic traders looking to benefit from their comprehensive API offering	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
ASIC (Australia) CySec (Cyprus) FCA (United Kingdom) FSCA (South Africa)	IFSC (Belize) CySec (Cyprus) ASIC (Australia) FSCA (South Africa)
The Good
Comprehensive API offering with a variety of conditions and programming languages at no additional cost Proprietary platform (Trading Station)	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
Lack of asset variety in their offering (over 300+ financial instruments) Costly spreads when compared to similar competitors	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
1999 (FXCM Group)	2009
💳 Minimum Deposit
€, £, $ - 50 (Varies by payment method)	From $1 to $1,000
💰 Payment Methods
Visa Mastercard Bank Transfer Neteller Skrill Skrill and Neteller are not available to FXCM EU clients at the moment	Visa Mastercard Maestro Neteller Sticpay Skrill Perfect Money Bank Transfer (depending on location and entity) Bitcoin Ethereum USDT (Tether)
💵 Account Base Currencies
4 - EUR GBP, USD, CHF.	3 - EUR, USD, AUD.
🗽 Available to U.S Citizens
No	No
❌ Restricted Countries
RU, US, CA, JP, SK and more.	JP, US, CA, MY, IL, IR.
📊 STP Account
No	Yes
📊 DMA Account
No	No
📊 ECN Account
No	Yes
Assets
📚 Available Assets
CFDs on stocks, currencies, commodities, cryptocurrencies and indices	CFDs on stocks, currencies, commodities, cryptocurrencies and indices.
📙 Stocks
200+	104
📘 Currency Pairs
41	102
📗 Commodities
11	8
📕 Indices
16	12
📔 ETFs
N/A	N/A
💸 Cryptocurrencies
17 (Not for UK Clients)	28
📒 Bonds
N/A	N/A
📓 Options
N/A	N/A
📗 Futures
N/A	N/A
📝 Notes:
All of FXCM's assets are CFDs.	All of FBS assets are CFDs.
Trading Experience
📈 Minimum Stock Trade Size
1 share	$1,000 - 0.01 Lots
📉 Minimum ETFs Trade Size
N/A	N/A
📈 Minimum Crypto Trade Size
1 unit of any cryptocurrency	$1,000 - 0.01 Lots
📉 Minimum FX Trade Size
$1000 (0.01 Lots)	$1,000 - 0.01 Lots
📈 Minimum Commodities Trade Size
Varies by Commodity (Eg: 1 Troy ounce of Gold)	$1,000 - 0.01 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 1:30	Up to 1:3000
💪 Professional Leverage
Up to 1:500 (Varies)	N/A
✍ Customisable Leverage
No	Yes
🎲 Deleveraged Trading
No	No
🎓 Demo Account
Yes	Yes
📱 IOS App
Yes	Yes
📱 Android App
Yes	Yes
📺 MetaTrader 4
Yes	Yes
📺 MetaTrader 5
No	Yes
💻 Web trader
Yes	Yes
💻 TradingView Platform
Yes	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
50 units of the account's base currency yearly after 1 year of inactivity.	No
💰 Deposit Fees
No	No
💰 Withdrawal Fees
Yes on bank transfer withdrawals depending on location (from $10 to $40 on local currency).	No
💰 Commissions
No	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
From 1.2 Pips (As per our research)	From 0 to 3 Pips based on account type
📉 SP500
Dynamic - From 58 Pips (As per our research)	Dynamic - From $1.7
📈 GOLD
Dynamic - From 41 Pips (As per our research)	Dynamic - From 32 Pips
📉 TSLA (Stock CFD)
Dynamic - From $1.04 (As per our research)	Dynamic - From $0.08
📈 XLK (ETF - CFD)
N/A	N/A
📉 BTC
Dynamic - From $51 (As per our research)	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