General Breakdown. This graph highlights the key scores from each Macro, uniquely calculated by us.
Tier 1 Regulation
Tier 2 Regulation
Tier 3 Regulation
Deposit and Withdrawal
Costs and Fees
Forex Fixed Spreads
Forex Variable Spreads
Fees on Stocks
Fees on Indices
Fees on Cryptocurrencies
Special Trading Conditions
Available Trading Techniques
FBS vs XM: A Comparison Summary
When choosing a broker for your trading needs, it’s important to consider factors such as security, account opening, social-copy trading, markets, trading fees, platforms, education/customer care, and more. In this comparison summary, we’ll take a closer look at two popular brokers – FBS and XM – and compare their features to help you make an informed decision.
Both FBS and XM are regulated by reputable regulatory bodies such as IFSC, CySEC, ASIC, DFSA, and FSC. XM has a slightly higher security rating of 94 compared to FBS’s 93.
FBS and XM offer demo accounts for traders to practise their trading strategies. FBS allows traders to use the demo account for 90 days and choose the virtual funds amount while XM offers an unlimited duration demo account with $100,000 virtual funds that can be restored by contacting customer support.
FBS offers more account types than XM, including Standard account, Cent account, Micro account, Zero Spread account, Ultra account, Crypto account, ECN account, Islamic account, and CopyTrading account. The minimum deposit for FBS starts from $1, but it may be higher depending on the account type chosen, while XM’s minimum deposit is $5. Both brokers offer multiple payment methods, with FBS offering more local payment options.
FBS offers a dedicated copy trading account called FBS Copy Trading account, while XM doesn’t offer social trading.
FBS offers 37 forex pairs, 4 commodities, 4 indices, 37 crypto assets, and 30+ stocks for CFD trading. XM offers a larger selection of markets, including 57 forex pairs, 15 commodities, 30 indices, and 150+ stocks for CFD trading.
Both FBS and XM offer variable spreads, but XM’s spreads start from 0 pips on forex, which is lower than FBS. FBS’s fixed spreads start from 3 pips on the micro account, while XM’s commissions per lot traded can be up to $7.
FBS offers its proprietary platform called FBS Trader, as well as MetaTrader 4 (MT4) and MetaTrader 5 (MT5) on desktop, webtrader, and mobile devices. XM also offers MT4 and MT5 on desktop, webtrader, and mobile devices, with the added benefit of allowing traders to use VPS services and engage in algo trading.
Both FBS and XM offer a wide range of educational materials, including webinars, video tutorials, educational articles, and market analysis. XM offers more language options with 19 languages for webinars, and over 21 languages for customer care.
In summary, both FBS and XM have their unique strengths and weaknesses. FBS offers a wider selection of account types and social-copy trading, while XM offers lower spreads on forex and a larger selection of markets. Depending on your trading needs, preferences, and priorities, either broker can be a suitable choice.
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