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FBS vs XM: Comparison and Analysis

Trying to figure out whether to use FBS or XM? This comparison article lays out the features of both brokers in detail, so you can see which is the best platform according to your needs.

We’ve compared more than 100 variables and features so you can see the pros and cons of FBS and XM side by side. We’ve divided the comparisons into a logical structure so it’s easy to navigate.

Scroll the whole post below, or use the quick menu to jump to the relevant section.

Open Account
74-89% of retail CFD accounts lose money
FBS review
Open Account
72,82% of retail investor accounts lose money
XM review

Overall Ratings


Rated
79
Rated
79

General Breakdown. This graph highlights the key scores from each Macro, uniquely calculated by us.

  • FBS
  • XM

Security 93
Security 94

Cost 81
Cost 74

Trading 68
Trading 66

Education 60
Education 81

Company Info


Foundation
2009
2009
Is it Regulated?
Is it Publicly Traded?
Is it a Bank?
Segregated Clients Funds ?
No-ESMA Branches? ?
Accepts EU Clients?
Accepts US Clients?
Accepts Canadian Clients?
Website Languages
en, ar, de, es, fr, po, tur, thai, ko, ind, viet, mal, it, ur, chi
en, ar, chi(t/s), cz, de, es, fr, gre, hu, po, pol, ru, thai, ko, ind, viet, mal, it, tag

Leverage


Non-EU Leverage ?
3000:1
1000:1
European Leverage ?
30:1
30:1
Australian Leverage ?
30:1
30:1
US Leverage ?
0
0
Canadian Leverage ?
0
0

Tier 1 Regulation


FSA ?
MAS ?
FINMA ?
FCA ?
CFTC ?
MIFID-ESMA ?
ASIC ?
CIRO ?
SFC ?

Tier 2 Regulation


FMA ?
CBR ?
FSCA ?
SEC ?
DFSA ?
CBRC ?
CySEC ?
ISA ?

Tier 3 Regulation


Offshore ?
MMA (Maldives) ?
EDR ?
FSA (Seychelles) ?
SCB (Bahamas) ?
FSC (Mauritius) ?
VFSC (Vanuatu) ?
IFSC (Belize) ?
CIMA (Cayman Islands) ?
SVG (Saint Vincent and the Grenadines) ?
FSRC (St. Kitts & Nevis) ?
BMA (Bermuda) ?
BVI (British Virgin Islands) ?

Brand Power


SimilarWeb - Website Ranking
27106
5355
SimilarWeb - Total Visits
2460000
12990000
Facebook Likes
130641
974312
Twitter Likes
11100
30300
Instagram Likes

Deposit and Withdrawal


Minimum Deposit ?
1 USD
5 USD
Minimum Withdraw ?
5
Credit Card ?
Bank Transfer ?
PayPal
Neteller
Skrill
Other Methods Available ?
Stic Pay, Perfect Money, BitWallet
Deposit Waiting Time ?
instant
instant
Withdraw Waiting Time ?
1 business day
1 business day
Bonus Program ?

Costs and Fees


Deposit Fees ?
Withdrawal Commissions ?
Overnight/Swap Fee ?
Inactivity Fee ?
Conversion Fee ?

Account Types


Demo Account ?
Demo Account Expiration ?
Account Currencies ?
EUR, USD
AUD, EUR, GBP, USD, ZAR, CHF, HUF, PLN, RUB, SGD
Standard Account ?
Micro Account ?
Low-cost Account ?
Variable Spread Account ?
Fixed Spread Account ?
Zero Spread Account ?
ECN Account ?
Swap Free Account ?
Islamic Account ?
Professional Traders Account ?
Active Trader Program ?

Commodities


Crude Oil ?
1.0
0.05
Natural Gas ?
0.035
Silver ?
2.0
0.3
Platinum ?
51.0
3
Copper ?
Soybeans ?
0.0275
Corn ?
0.0185
Gold ?
10.0
0.3

Forex Fixed Spreads


EUR/GBP Spread
0.0
EUR/USD Spread
0.0
USD/JPY Spread
0.0
GBP/USD Spread
0.0
USD/CHF Spread
0.0
AUD/USD Spread
0.0
USD/CAD Spread
0.0
NZD/USD Spread
0.0

Forex Variable Spreads


EUR/USD Average Spread
0.0
0.1
USD/JPY Average Spread
0.3
0.1
USD/CHF Average Spread
0.5
0.4
GBP/USD Average Spread
0.5
0.3
USD/CAD Average Spread
1.0
0.5
AUD/USD Average Spread
0.6
0.4
NZD/USD Average Spread
1.0
1.0
EUR/GBP Average Spread
1.0
0.3

Fees on Stocks


Apple
1.0
0.26
Facebook
1.0
0.15
Alphabet
1.0
2.77
Snapchat
1.0
0.06
BP
1.0
0.08
Tesco
1.0
0.0041
Barclays
0.0039
Lloyds
0.0012

Fees on Indices


FTSE100
1.5
S&P500
25.0
0.7
Dow Jones
1.0
1
Nasdaq
25.0
2
CAC40
1.8
DAX30
2.0
2.0
Nikkei 225
12.0
Euro Stoxx 50
2.6

Fees on Cryptocurrencies


Bitcoin
1
0
Ethereum
400.0
0
Ripple
0
0
Litecoin
400.0
0
Bitcoin Cash
0
0
Dash
200.0
0
Monero
0
0
Neo
0
0

Platforms


cTrader Desktop
cTrader Web
Mirror Trader
ZuluTrade ?
MT4 Dekstop
MT4 Web
MT5 Desktop
MT5 Web
Proprietary Desktop Platform
Proprietary Web Platform
MAC Platforms
Sirix

Mobile Trading


Android ?
iOS ?
Windows ?
Trading Signals on Mobile ?
Smart Watch App ?
Forex Trading ?
CFD Trading ?
Alerts ?
Chartings-Drawing Tools ?
Mobile Available Language ?
en
en, ar, de, es, fr, hu, po, pol, ru, swe, tur, thai, ko, ind, mal, it, chi
Watchlist Mobile ?

Available Markets


Forex Pairs ?
37
57
Crypto ?
37
Commodities ?
4
15
Stocks ?
33
160
Indices ?
4
30
ETF ?
Futures ?
Options ?
Bonds ?
Metal ?
4
4
Agricultural ?
8
Energies ?
2
5
Interest Rates ?
Penny Stocks ?
IPO ?
Blends ?
Dow Jones ?
FTSE ?
Dax ?
Nikkei ?
Gold Market ?
Bitcoin ?
Real Assets ?
Agricultural, Blends, Bonds

Trading Execution


Direct Market Access (DMA) ?
Straigh Through Processing (STP) ?
Electronic Communication Network (ECN) ?
Market Maker ?
Non Dealing Desk (NDD) ?
FIFO Applies? ?
4 Digits Decimal Pricing ?
5 Digits Decimal Pricing ?

Risk Management


Stop Losses ?
Take Profits ?
Limit Orders ?
Trailing Stop ?
Margin Call ?
OCO Orders ?
Guaranteed Stop Loss ?
Negative Balance Protection ?
Minimum Trade Size ?
0.01 lots
0.01 lots
Maximum Trade Size ?
100 lots
100 lots

Special Trading Conditions


MAM ?
PAMM ?
Social Trading ?
Copy Trading ?
LAMM ?

Available Trading Techniques


Scalping ?
Hedging ?
Spread Betting ?
Expert Advisor (EA) ?
Virtual Private Server ?
API ?

Trading Tools


One-Click Trading ?
Signal Trading ?
Price Alerts ?
Number Chart Indicators ?
51
51
Number Chart Drawing Tools ?
31
31
Trade Directly From Chart ?
Watchlist ?

Education


Education Center ?
Webinars
Platform Tutorial Video ?
Video on Trading for Beginners ?
Video on Trading for Experts ?
Tutorial Guide
Glossary

Customer Support


Call Back Request ?
Email Support
Phone Support
Live Chat
Support Language Available
en
en, ar, chi(t/s), cz, de, es, fr, gre, hu, po, pol, ru, thai, ko, ind, viet, mal, it, tag

Research


Professional Reports
Social Trading Features - Social Feeds ?
Economic Calendar
Daily Email With Trading Ideas
Analysis From Trading Central (Recognia)
Analysis From Delkos Research
AutoChartist
Traders Sentiment ?
News via Twitter
News via FaceBook
Daily Market Commentary

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.

Security:

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.

Demo Account:

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.

Account Opening:

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.

Social-Copy Trading:

FBS offers a dedicated copy trading account called FBS Copy Trading account, while XM doesn’t offer social trading.

Markets:

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.

Trading Fees:

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.

Platforms:

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.

Education/Customer Care:

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.

Conclusion:

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.

Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. Cryptocurrencies can widely fluctuate in prices and are not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Your capital is at risk. The present page is intended for teaching purposes only. It shall not be intended as operational advice for investments, nor as an invitation to public savings raising. Any real or simulated result shall represent no warranty as to possible future performances. The speculative activity in forex market, as well as in other markets, implies considerable economic risks; anyone who carries out speculative activity does it on its own responsibility.
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2FC Financial Srl
Via Filippo Argelati, 10,
Milan, Italy
20143

VAT No. IT10004450960
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