FBS vs BlackBull Markets - Fees Review included
Which broker is better FBS or BlackBull 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 7.33 out of 10. BlackBull Markets is one of the top brokers in the financial market with the TU Overall Score of 5.87 out of 10. Find out more about TU Overall Score.
| Feature | FBS | BlackBull Markets |
|---|---|---|
Overall |
4.3 |
3.2 |
4.6 |
4 |
|
3.9 |
3.8 |
|
4.1 |
4 |
|
Investment Instruments |
4.7 |
1.7 |
Platforms and Charting Tools |
4.5 |
4.1 |
Deposit and Withdrawal |
4.2 |
3.7 |
Research |
3.9 |
2.6 |
Education |
4.2 |
3.8 |
Support |
3.9 |
3 |
Bonuses |
5 |
1.6 |
|
|
|
FBS vs BlackBull 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.
BlackBull Markets was founded with the goal of becoming the leading online Financial Technology and Foreign Exchange broker. BlackBull Markets is a true ECN, No Dealing Desk brokerage specializing in Forex, CFDs, Commodities, Fibre Optic Communications and Fintech solutions for a global clientele.
| FBS | BlackBull Markets | |
|---|---|---|
| Overall Pros | A large selection of trading instruments | Over 24000 trading assets |
| Copyt trading platform | 3 ECN accounts | |
| $140 no-deposit bonus (not available for EU clients) | Well-regulated broker | |
| Crypto account | ||
| Overall Cons | Hihg trading fees | Only one account currency |
| Slow exacution speed | Small choice of investing programs |
FBS vs BlackBull Markets: Safety and Regulation
| FBS | BlackBull Markets | |
|---|---|---|
Max. Regulation Level |
Tier-1 |
Tier-2 |
Investor protection |
€20,000 |
No |
FCA UK Regulation |
No |
No |
FINRA (U.S) |
No |
No |
BaFin (Germany) |
No |
No |
ASIC (Australia) |
No |
No |
CFTC (U.S) |
No |
No |
MAS |
No |
No |
FSCA SA |
No |
No |
BVI FSC |
No |
No |
VFSC |
No |
No |
FSA (Seychelles) |
No |
Yes |
FBS vs BlackBull Markets: Trading Conditions
| Trading Conditions | FBS | BlackBull Markets |
|---|---|---|
Minimum Deposit |
$1 |
$200 |
Trading Platforms |
MetaTrader 4, MetaTrader 5, FBS Trader |
MT4, МТ5, Webtrader, Mobile platforms |
Max Leverage (Futures) |
401769 |
1-500 |
Supported Markets |
Forex, CFDs on stocks, indices, metals, energies, crypto |
Forex, Index CFDs, Commodities, Precious Metals, Energy |
Trading assets |
200+ |
24000+ |
Trading Accounts |
Standard, Cent, ECN, Micro, Zero Spread, Copy Trade |
ECN Standard, ECN Prime, ECN Institutional |
Base Account Currencies |
EUR, USD |
USD |
FBS vs BlackBull Markets: Fees
| FBS | BlackBull Markets | |
|---|---|---|
Standard acc. spread EUR/USD, min pips |
0,7 |
0,2 |
Standard acc. spread EUR/USD, max pips |
1,3 |
0,8 |
ECN Commission |
3 |
|
ECN Spread EUR/USD |
0,3 |
|
Deposit fee, % |
No |
No |
Withdrawal fee, % |
No |
No |
Withdrawal fee, USD |
No |
5 |
Inactivity fee, $ |
No |
No |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
FBS vs BlackBull Markets: Trading Assets
| Asset Name | FBS | BlackBull Markets |
|---|---|---|
Overall |
200+ |
24000+ |
Forex |
Yes |
Yes |
Stocks |
Yes (CFD) |
Yes (CFD) |
Metals |
Yes (CFD) |
Yes (CFD) |
Cryptocurrencies |
Yes (CFD) |
Yes (CFD) |
Energy |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes (CFD) |
Yes (CFD) |
ETFs |
No |
No |
Bonds |
No |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
No |
No |
Binary Options |
No |
No |
FBS or BlackBull Markets: Investment Programs
| Asset Name | FBS | BlackBull Markets |
|---|---|---|
Copy Trading |
Yes |
Yes |
MAM/PAMM |
Yes |
No |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: BlackBull Markets or FBS
| FBS | BlackBull Markets | |
|---|---|---|
MT4 |
Yes |
Yes |
MT5 |
Yes |
Yes |
cTrader |
No |
No |
Appropriate platform |
FBSTrader |
No |
Others |
No |
No |
|
|
|
FBS vs BlackBull Markets: Deposit and Withdrawal Methods
| FBS | BlackBull Markets | |
|---|---|---|
Bank Wire |
Yes |
Yes |
Bank Card |
Yes |
Yes |
Neteller |
Yes |
Yes |
BTC |
No |
No |
Wise |
No |
No |
Payoneer |
No |
No |
USDT |
No |
No |
FBS vs BlackBull Markets: Research
| Research Type | FBS | BlackBull Markets |
|---|---|---|
News Feed |
Yes |
No |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
Yes |
No |
E-Mail Reports |
Yes |
No |
FBS vs BlackBull Markets: Education
| Education Type | FBS | BlackBull Markets |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
Yes |
No |
Articles |
Yes |
No |
Videos |
Yes |
Yes |
Cent account |
Yes |
No |
BlackBull Markets vs FBS: Support
| Support Features | FBS | BlackBull Markets |
|---|---|---|
Working Days |
24/5 |
24/6 |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Online chat |
Yes |
Yes |
Other |
FB Messenger |
No |
FBS vs BlackBull Markets: Forex Bonuses and Promo
| Promo | FBS | BlackBull Markets |
|---|---|---|
Forex Bonus |
$140 no deposit bonus, up to 100% deposit bonus (Bonuses are not available for EU and UK clients) |
No |
Affiliate Program |
If you refer a new client to BlackBull Markets, who funds and trades on their account, we will deposit up to US$250 into both you and your friend’s trading accounts as a thank you bonus. |
|
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 BlackBull Markets
-
Comment
BlackBull Markets offers a wide range of platforms: MetaTrader 4/5, WebTrader, TradingView, and its proprietary BlackBull Trade. A nice benefit is the free demo account and the ability to trade with no minimum deposit on a standard account. Leverage goes up to 1:500, and traders can choose from multiple account currencies — USD, EUR, GBP, AUD, NZD, SGD, CAD, and JPY. Trading fees are moderate, with EUR/USD spreads starting from 0.3 pips and a fixed $5 withdrawal fee (or equivalent). The broker supports trading in over 70 currency pairs as well as CFDs across a broad range of assets. Despite this variety, most instruments are offered only as CFDs, and there are no PAMM or MAM accounts. BlackBull Markets is regulated by the FSA (Seychelles) and the FMA (New Zealand).
-
Comment
BlackBull Markets offers clients a choice of three types of live accounts, allowing traders to select the option that best suits their individual strategies. The minimum trade size is 0.01 lots, and leverage can go up to 1:500. A key feature of this broker is the absence of a minimum deposit for the standard account, making the platform accessible to beginner traders. Spreads on major pairs start from 0.3 pips, which is below the industry average, and withdrawal fees are fixed at 5 units of the base currency regardless of the amount. The broker provides access to over 17,000 instruments, including 70 currency pairs and a wide range of CFDs on stocks, indices, commodities, and cryptocurrencies. Supported platforms include MT4, MT5, WebTrader, TradingView, and BlackBull’s own trading platform, BlackBull Trade. For passive investors, copy trading services and a referral program are also available. BlackBull Markets is regulated by the FSA and FMA, offering a moderate level of security (rated 7 out of 10).
-
Comment
I started cooperating with BlackBull Markets in November of last year. Initially, I traded on a demo account, testing the broker and my trading strategy. After successful testing, I opened a real account with BlackBull Markets. So far, I can't say anything negative about the broker. Trades are executed quickly, although the platform can sometimes freeze for 10-15 minutes. But such situations are rare.
-
Comment
Blackbull Markets has not passed my own check. I deposited funds to test the broker, traded a little, and found serious issues. I have a lot of experience and obvious problems with opening orders and operation of the platform are clear to me. Then I did a simple check — I opened a trade on another platform and opened a trade on Blackbull Markets. The difference in quotes was greater, although the trade and the asset were the same. I do not recommend Blackbull Markets.
-
Comment
I started trading with BlackBull Markets and everything seemed fine, but when I increased my lots, the platform started randomly logging me out. Several times, when I expected significant profits, they closed my positions at a loss, explaining that the position was too large, although I still had enough margin. I no longer recommend trading with BlackBull Markets and advise caution.
Top 5 Reviews on FBS
-
Comment
Broker FBS provides access to trading on more than 150 markets, including forex, indices, metals, and futures contracts. The minimum deposit is $5, making FBS accessible for beginner traders. Leverage goes up to 1:3000, and the minimum spread on major currency pairs starts from 0.7 pips. Trading platforms available include MetaTrader 4, MetaTrader 5, and FBS Trader, with a minimum trade size of 0.01 lots.
-
Comment
I've been working with FBS for over six months. Withdrawals to a card usually take up to 48 hours, and fees depend on the chosen method. On the Pro account, spreads start from 0.5 pips but can widen during news releases. The company is regulated by the IFSC — not the strictest regulator, but it's something.
-
Comment
I occasionally use copy trading from FBS. It’s convenient that you can start with just $1. However, when choosing a trader, it’s important to carefully analyze their statistics — not all of them trade consistently. On the plus side, there’s automation; on the downside, the search filters are limited.
-
Comment
I started working with FBS because of the wide variety of account types. The conditions vary: for example, the Cent account requires just a $1 minimum deposit, while the ECN account starts at $1000. Each account suits a different trading strategy. The key is to carefully review the spreads and commissions before opening an account.
-
Comment
I did not get the answer I was seeking or I might have read a different thing online, I really can’t say because when I contacted the FBS support team. After trying the live chat option to no avail, I decided to try the Telegram channel. Initially, it was supposed to be a bot but I got a message that an agent would join. When I asked for the accounts available and features and the ideal one for Forex I got a long message which I did not understand (I was expecting a list of accounts and their features). Later the agent said they only offer standard accounts.
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.