Interactive Brokers Vs. FBS - Compare Trustworthiness, Capabilities, Fees and Legitimacy

Interactive Brokers is a global brokerage founded in 1978 that holds 11+ high tier financial licenses and provides discounted electronic trading services in nearly all the globe with access to more than 100,000+ financial instruments.

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.

• Seasoned investors looking for a one-stop shop to cover a variety of needs
• Global investors who seek the most reliable discount service available
• Traders from intermediate to advanced level

• 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

• SEC (United States)
• FINRA (United States)
• FCA (United Kingdom)
• ASIC (Australia)
• IIROC (Canada)
• MNB (Hungary)
• BSE (India)
• CBI (Ireland)
• FSA (Japan)
• CSSF (Luxembourg) CSSF
• MAS (Singapore)

• IFSC (Belize)
• CySec (Cyprus)
• ASIC (Australia)
• FSCA (South Africa)

• High regulation
• Exceptional number of investment instruments (Above 100,000+)
• Competitive discount fees

• 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)

• Complicated account opening process
• Platforms are not beginner friendly
• Narrow choice of deposit options (Mostly bank transfers)

• Asset offering is extremely limited with over 100+ instruments
• Minimum deposit for ECN account is high $1,000

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• 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.

• Bank Transfer
• ACH (US only)
• Check (US only)
• Debit Card (US only)
• BPAY (Australia only)

• Visa
• Mastercard
• Maestro
• Neteller
• Sticpay
• Skrill
• Perfect Money
• Bank Transfer (depending on location and entity)
• Bitcoin
• Ethereum
• USDT (Tether)

AF, SY, SO, SD, LY, NG, BI.

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

One free withdrawal per month, subsequent are $10 per withdrawal or equivalent

Commissions depend on market and residency:

• US residents are eligible for zero commission US stock trading. Else, for US stocks it is $0.005/share with a minimum $1 and maximum 1% of the trade value.
• European stocks have €3 minimum and 0.05% trade value.
• Forex commissions are volume based starting at 0.20 basis points of trade value or $2 minimum per trade, and going low as 0.08 basis points and $1.
• Options start at $0.25 per contract and go as low as $0.15 per contract.
• Futures start at $0.85 per contract and go as low as $0.25 per contract

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