Best FBS Alternatives

logomark Luca Puddu calendar Last Updated: November 2021 timer 4 min read
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FBS has carved a niche for itself as one of the leading names in the Forex trading industry. Over the years, it has successfully attracted traders from across the globe.

This FBS Review gives a comprehensive analysis of this trading platform. Take a look at some of the reasons why we consider these brokers as the best FBS alternatives:

WARNING

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Between 74-89% of retail investor accounts lose money when trading CFDs.
You should consider whether you can afford to take the high risk of losing your money

FBS alternatives Alternative for Minimum Deposit
eToro Copy Trading, Crypto Trading, and Real assets Trading $200
Plus500 Unlimited demo and number of assets $100
IC Markets Scalping, PAMM $0
Pepperstone Scalping, Spread Betting, PAMM $200
Instaforex Micro account, PAMM Account $1
IG Markets Spread Betting and number of assets $250
FXTM Scalping and number of account types $10
HotForex PAMM and fast execution of the orders $5
XM Scalping and educational section $5
OctaFX Scalping and Copy Trading $5 ($100 for EU traders)
Table of contents

FBS Low Spread Alternatives

A couple of trading platforms offer alternatives to FBS low spread. Our Top Lowest Spread Forex Broker offers some FBS alternatives in the low spread trading option.

The alternative low spread forex brokers are listed in the table below:

WARNING

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Between 74-89% of retail investor accounts lose money when trading CFDs.
You should consider whether you can afford to take the high risk of losing your money

Broker Minimum Deposit Avg Spread EUR/USD
IC Markets $0 0.1 pips
Pepperstone $200 0.13 pips
FXTM $10 0.1 pips
XM $5 0.1 pips
OctaFX $5 ($100 for EU traders) 0.7 pips

FBS Copy Trading Alternatives

Copy trading is fun and rewarding if done right and on a good platform. Aside from FBS, some other brokers offer this trading option as well. We give a list of the Top 10 Copy Trading Best Platforms to help you choose one for copy trading:

WARNING

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Between 74-89% of retail investor accounts lose money when trading CFDs.
You should consider whether you can afford to take the high risk of losing your money

Broker Minimum Deposit Copy Trading Platform
eToro $200 WebTrader
IC Markets $0 ZuluTrader
Pepperstone $200 DupliTrade, myfxbook
FXTM $10 WebTrader
HotForex $5 WebTrader
OctaFX $5 ($100 for EU traders) WebTrader

FBS Spread Betting Alternatives

If spread betting is your thing, you can satisfy your passion on FBS. Alternatively, choose from the Top 10 UK Spread Betting Forex Brokers listed in tabular form below:

WARNING

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Between 74-89% of retail investor accounts lose money when trading CFDs.
You should consider whether you can afford to take the high risk of losing your money

Broker Minimum Deposit Minimum Bet
Pepperstone $200 £0.2
IG Markets $250 N/A

FBS MAM/PAMM Alternatives

You can also get alternative forex brokers for Multi-Account Manager (MAM) and Percentage Allocation Management Module (PAMM). Check out the Top 10 PAMM Forex Brokers before making a choice.

You can find some of these alternatives in the table below:

WARNING

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Between 74-89% of retail investor accounts lose money when trading CFDs.
You should consider whether you can afford to take the high risk of losing your money

Broker Minimum Deposit Methods of allocation
IC Markets $0 10
Pepperstone $200 3
Instaforex $1 N/A
HotForex $5 6

FBS Unlimited Demo Alternatives

Many brokers offer unlimited demo alternatives to choose from. Your options are tabulated below:

WARNING

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Between 74-89% of retail investor accounts lose money when trading CFDs.
You should consider whether you can afford to take the high risk of losing your money

Broker Demo Trial Minimum Deposit for a live account
eToro Unlimited $200
Plus500 Unlimited $100
IC Markets Unlimited $0
FXTM Unlimited $10
HotForex Unlimited $5
XM Unlimited $5
OctaFX Unlimited $5 ($100 for EU traders)

Choosing an FBS Alternatives: Main Perks and Characteristics

Choosing the best FBS alternatives isn’t that easy, thanks to the avalanche of options at your disposal. The choosing process will be a lot easier if you consider some of the attributes of a good alternative to FBS.

Some of the attributes you must look out for are:

  • It must be an ECN/STP broker.
  • The platform must offer a great account types choice that includes a PAMM account regulated by IFSC.
  • Proprietary VPS must be available.
  • It must be an MT4, MT5, and proprietary platform FBS trader.
  • Thanks to the low spreads starting from -1 pips, it must offer scalping.
  • Minimum deposit must start from $1 for all Cent Account and $10 for CySEC traders. It can go up to $1,000 for Zero Spread Account.

Take a look at our FBS review for more helpful information.

What is FBS Missing?

Note that FBS isn’t available in the USA and Canada. However, the cTrader trading platform offers unlimited demo account, spread betting, and ASIC regulation.

Tons of Forex brokers abound in the trading community and claim to be the best. We have narrowed this huge number to just a handful. Check the Top 10 Best Forex Brokers to know the best brokers in the world.

FBS Alternatives Comparison

You have learned about the several alternatives to FBS. They have different attributes and offer you the luxury of choosing the best trading platform. You may be wondering how these alternatives compare with each other. The table below gives an insight into that:

WARNING

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Between 74-89% of retail investor accounts lose money when trading CFDs.
You should consider whether you can afford to take the high risk of losing your money

Feature Min. Deposit Proprietary Platform Low Spreads from 0 pips Spread Betting Real assets Execution
FBS $1 Yes Yes No No ECN/STP
eToro $200 Yes No No Yes STP
Plus500 $100 Yes No No No Market Maker
IC Markets $0 No Yes No no ECN
Pepperstone $200 No Yes Yes No ECN/STP
Admiral Markets $100 ($1 invest) No Yes No Yes ECN/STP
IG Markets $250 Yes No Yes No Market Maker
FXTM $10 Yes Yes No Yes ECN
HotForex $5 Yes Yes No No ECN/STP
XM $5 No Yes No No Market Maker
OctaFX $5 ($100 for EU traders) No Yes No No ECN/DMA

FBS Alternatives FAQs

What is FBS’s best alternative?

eToro is the overall best alternative to FBS. However, depending on the specific trading features you are looking for, other platforms may outperform FBS in some areas. For instance, IC Markets is the best for scalping while eToro surpasses FBS for copy trading.

Pepperstone is the undisputed leader for spread betting while IC Markets is also the leader for MAM/PAMM account functionalities. If you want the best platform for demo account features, go for Plus500, it’s better than FBS.

You can choose any of these alternatives for FBS and trade any of the assets they support. Thus, know what trading features you need and look for a trading platform that offers it. That’s the best way to have a good shot at trading like a pro and make a profit from trading Forex assets.


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74-89% of retail CFD accounts lose money

About the Author

Luca Puddu

Broker Expert

Always full of different interests, Luca started to get interested in the field of personal finance in 2014.

His self-taught studies led him year by year to become increasingly interested in the investment field.

To date, Luca actively invests in the stock market and cryptocurrencies, focusing on rising markets and the industries of the future.

His main role at InvestinGoal.com is to analyze and study in the smallest detail the brokers and their platforms, while checking carefully that the information shown by them is genuine.

In this way, he provides readers with a complete and truthful overview of the broker they might be interested in.


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