FBS vs Admiral Markets - Fees Review included
Which broker is better FBS or Admiral Markets? Our expert assessment conducted according to TU’s own methodology showed that FBS is one of the top brokers in the financial market with the TU Overall Score of 8.98 out of 10. Admiral Markets is one of the top brokers in the financial market with the TU Overall Score of 8 out of 10. Find out more about TU Overall Score.
| Feature | FBS | Admiral Markets |
|---|---|---|
Overall |
4.3 |
4.7 |
4.6 |
5 |
|
3.9 |
4.8 |
|
4.1 |
4.7 |
|
Investment Instruments |
4.7 |
4.5 |
Platforms and Charting Tools |
4.5 |
4.6 |
Deposit and Withdrawal |
4.2 |
4.4 |
Research |
3.9 |
4.6 |
Education |
4.2 |
4.4 |
Support |
3.9 |
4.4 |
Bonuses |
5 |
3 |
|
|
|
FBS vs Admiral Markets: Pros and Cons
FBS (fbs.com) is an international broker operating in 190 countries. The brokerage company has been on the market for over 10 years, and during this time it has earned about 40 international awards. It is regulated by the CySEC under license number 331/17 and provides flexible conditions for Forex trading. FBS is especially popular in Asian countries such as India, Malaysia and Indonesia.
The Admiral Markets broker company commenced operations in 2001. The broker’s activities are registered and licensed by the Australian Securities and Investments Commission (ASIC). Admiral Markets now operates in more than 40 countries with a cash cycle of up to USD 40 billion. The broker holds a lifetime license issued by the Federal Financial Markets Service. It is also regulated by the Financial Conduct Authority (FCA). Access to the FX+Project as one of their specific features. In 2002 Admiral Markets was awarded the “Forex 2012” (“Best of the Best”) by The New Europe Magazine.
| FBS | Admiral Markets | |
|---|---|---|
| Overall Pros | A large selection of trading instruments | Well-Regulated broker |
| Copyt trading platform | 3400+ trading instruments | |
| $140 no-deposit bonus (not available for EU clients) | Low trading and non trading fees | |
| Crypto account | Invest account for stock and ETF trading | |
| 6 free stock trades per day | ||
| Fee discounts for big volume trading | ||
| Any strategy is allowed | ||
| Free VPS | ||
| Direct stock trading, Over 4500 stocks and ETFs | ||
| Overall Cons | Hihg trading fees | No forex bonuses |
| Slow exacution speed |
FBS vs Admiral Markets: Safety and Regulation
| Regulated By: | FBS | Admiral Markets |
|---|---|---|
US Regulation |
No |
No |
FCA (Great Britain) |
No |
Yes |
CySec (Cyprus, EU) |
Yes |
Yes |
ASIC (Australia) |
Yes |
Yes |
Other Regulators |
Belize IFSC, license IFSC/000102/310, South Africa - FSCA |
Jordan (JSC), South Africa (CIPC) |
FBS vs Admiral Markets: Trading Conditions
| Trading Conditions | FBS | Admiral Markets |
|---|---|---|
Minimum Deposit |
$1 |
$1 |
Trading Platforms |
MetaTrader 4, MetaTrader 5, FBS Trader |
МТ4, MT5 |
Max Leverage (Futures) |
401769 |
1-500 |
Supported Markets |
Forex, CFDs on stocks, indices, metals, energies, crypto |
Forex, Stocks, ETFs, CFDs on indices, commodities, crypto, metals, stocks, bonds |
Trading assets |
200+ |
3500+ |
Trading Accounts |
Standard, Cent, ECN, Micro, Zero Spread, Copy Trade |
Trade.MT4, Trade.MT5, Invest.MT5, Zero.MT4, Zero.MT5 |
Base Account Currencies |
EUR, USD |
EUR, USD, GBP, CHF, BGN, RUB, RON, PLN, HUF, HRK, CZK |
FBS vs Admiral Markets: Fees
Forex Trading Fees
| Fee | FBS | Admiral Markets |
|---|---|---|
Standard Account EURUSD Average Spread |
0.8 pips |
0.6 pips |
Standard Account Fee |
$0 |
$0 |
ECN/STP Account Fee |
$6 per lot |
$3-1.8 per lot |
ECN Account EUR Average Spread |
0.2 pips |
0.1 pip |
CFD Trading Fees
| Fee | FBS | Admiral Markets |
|---|---|---|
CFD Trading Fee |
US Shares - 0.7%, other markets - folating spread above the average |
Forex and metals - 1.8-3 USD per lot Indices - 0.05-3.0 USD per lot Energy commoditites - 1 USD per lot |
Non-Trading Fees
| Fee | FBS | Admiral Markets |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
No |
Withdrawal Fee |
1$ Visa, Neteller 2%, min - 1$, max - 30$ fee, Skrill - 1% + 0.32$, PerfectMoney - 0.5% |
No |
Inactivity Fee |
No |
10 EUR per month after 24 monthes of inactivity |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
FBS vs Admiral Markets: Trading Assets
| Asset Name | FBS | Admiral Markets |
|---|---|---|
Overall |
200+ |
3500+ |
Forex |
Yes |
Yes |
Stocks |
Yes (CFD) |
Yes |
Metals |
Yes (CFD) |
Yes (CFD) |
Cryptocurrencies |
Yes (CFD) |
Yes (CFD) |
Energy |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes (CFD) |
Yes (CFD) |
ETFs |
No |
Yes |
Bonds |
No |
Yes (CFD) |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
No |
No |
Binary Options |
No |
No |
FBS or Admiral Markets: Investment Programs
| Asset Name | FBS | Admiral Markets |
|---|---|---|
Copy Trading |
Yes |
Yes |
MAM/PAMM |
Yes |
No |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: Admiral Markets or FBS
| FBS | Admiral Markets | |
|---|---|---|
MT4 |
Yes |
Yes |
MT5 |
Yes |
Yes |
cTrader |
No |
No |
Appropriate platform |
FBSTrader |
Admirals, StereoTrader |
Others |
No |
No |
|
|
|
FBS vs Admiral Markets: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | FBS | Admiral Markets |
|---|---|---|
Bank Transfer |
No |
Yes |
Debit Card |
Yes |
Yes |
Electronic Wallets |
Yes |
Yes |
Crypto |
No |
No |
FBS vs Admiral Markets: Research
| Research Type | FBS | Admiral Markets |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
Yes |
Yes |
E-Mail Reports |
Yes |
Yes |
FBS vs Admiral Markets: Education
| Education Type | FBS | Admiral Markets |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
Yes |
Yes |
Articles |
Yes |
Yes |
Videos |
Yes |
Yes |
Cent account |
Yes |
Yes |
Admiral Markets vs FBS: Support
| Support Features | FBS | Admiral Markets |
|---|---|---|
Working Days |
24/5 |
24/5 |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Online chat |
Yes |
Yes |
Other |
FB Messenger |
FBS vs Admiral Markets: Forex Bonuses and Promo
| Promo | FBS | Admiral Markets |
|---|---|---|
Forex Bonus |
$140 no deposit bonus, up to 100% deposit bonus (Bonuses are not available for EU and UK clients) |
No |
Affiliate Program |
up to $600 per client |
|
Other Promos |
By activating the option in the personal account, a trader can receive a cashback of up to $15 per lot |
|
|
|
|
Top 5 Reviews on Admiral Markets
-
Comment
I was looking for a reliable broker with excellent service and support and found it in Admirals. There were some difficulties when passing verification due to problems with my passport, but the support was attentive and helped solve all the problems. Now I trade with Admirals and receive a stable income, feeling calm and confident.
-
Comment
I don’t recommend trading with admirals. If you don't want to lose all your money, don't open an account here. One reason is that stop loss never works during news. I set a stop loss on most of my positions, but the position was closed at least 20 pips away from the set price. That is, admirals deliberately drains money.
-
Comment
Admirals not only cheats, but simply steals money. My account is blocked, the money is lost. Recovery is not possible. So it’s high time to write my negative review.
-
Comment
I read the reviews below and I'm surprised. Personally, I have not received my withdrawal of the ridiculous amount of $100 from admiral markets since 11/09/2023. They also give me silly answers as best they can.
-
Comment
I am very pleased to work with Admirals. This is an excellent choice for experienced traders. The platform works stably, spreads are very good, a large choice of trading and analytical tools is available, and the user account is easy to use. In addition, there are many ways to deposit and withdraw, which is very convenient. I think that Admirals is at a fairly high level.
Top 5 Reviews on FBS
-
Comment
Verifying an account on FBS is fast and easy if you have the recommended documents. This includes a government passport or ID issued the authorities. Make sure you upload both the front and back side of it then enter your accurate date of birth used on your official documents. Mine took time because my documents seem a bit old and some parts are no longer clear. I have to get another document to complete the verification. I would have saved myself the stress and trying over again with the verification process if i tried the first time with the updated documents that has an identifiable images of me.
-
Comment
FBS leverage is one of the features traders with low deposits can use to open larger positions but it is important to use them with caution. I needed to understand how leverage works and a demo account is ideal for this to avoid losing my funds. The FBS demo account is a useful tool which i am using to learn how to trade with leverages which is what i really want to fully understand how to use before trade again in my real account. Opening a demo account on FBS is a straightforward process just that you must sign up on the platform to access the personal area where you can get the options to open a demo account starting with an initial balance of $20000. Leverage is up to 1:3000. Guy, my parctical advise. Please, don’t exceed leverage of more than 1 to 10/ Yes, you will need a higher minimum deposit, but trading with higher leverage is crazy.
-
Comment
Opening an account on FBS is simple. The first step required me to enter my details but I have the option to sign up using my Gmail address. The next step demanded I select a trading platform, account currency and leverage, when I completed the process I realized I had a standard account opened for me. From the personal area I went ahead to open a demo account which was what I needed at the moment to practice. Opening a demo account is quite easy, from the personal area, you can click on add account, select the trading platform, account currency and initial balance. You can download the trading platform app or trade with FBS mt4 webtrader terminal. The web trader terminal interface is friendly and features simple trad
-
Comment
I like this company. I almost doubled my deposit in six months. This is a very good result for me. But the most important thing is that FBS withdraws money without any problems. That is, the company fulfills all agreements with a client. Therefore, I believe that FBS can be trusted.
-
Comment
For me, FBS was one of the first brokers I started trading with; earlier, they used to advertise more online. They had contests, and I even won one of them. Overall, I traded with FBS for a couple of years, and everything suited me. They had a separate blog with analytics, where there were some good materials. Now, many things are no longer available, although the broker continues to operate in the Forex market.
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FAQs
What should I start Forex trading with?
It is desirable for novice traders to explore trading using a demo account to learn the market and how to work on the trading platform without the risk of suffering losses. At the same time, it is advisable to review the educational materials of the broker, learn trading basics. Then you can deposit the minimum required amount to perform a small number of transactions. If you manage to close several months in a row in the black, without substantial drawdowns on the account, then you can try increasing your deposit. Also trying to copy trades automatically is a good option for a start.
What amount should I start trading with?
The minimum deposit of $10 may be enough to trade on the cent account. However, for trading on Standard/ECT accounts, experts recommend starting with at least $200-500. With this amount, you can use not a very big leverage. Remember, getting carried away with the margin is the main cause of losses among beginners.
What should I take into consideration when choosing a broker?
Experts recommend looking at the broker’s reliability first and foremost. The other important features include basic trading conditions, commissions and fees, customer reviews. If brokers are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One broker may be good for professionals and another – for novice traders.
Is it possible to be scammed by a broker with a license from a reputable regulator?
In theory, yes. But in practice, it takes so much time and money to comply with the requirements of reputable regulators that it is not worth it for scammers to bother obtaining a legitimate license.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.