FBS vs FXCC - Fees Review included
Which broker is better FBS or FXCC? 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. FXCC is one of the top brokers in the financial market with the TU Overall Score of 5.84 out of 10. Find out more about TU Overall Score.
| Feature | FBS | FXCC |
|---|---|---|
Overall |
4.3 |
3.9 |
4.6 |
4.3 |
|
3.9 |
4.5 |
|
4.1 |
2.5 |
|
Investment Instruments |
4.7 |
1 |
Platforms and Charting Tools |
4.5 |
3.9 |
Deposit and Withdrawal |
4.2 |
4.5 |
Research |
3.9 |
2.6 |
Education |
4.2 |
3.7 |
Support |
3.9 |
4.5 |
Bonuses |
5 |
4.5 |
|
|
|
FBS vs FXCC: 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.
FXCC was founded in 2010 and is headquartered in Cyprus. Broker specialized in ECN/STP technology with competitive spreads. The activity of this broker is regulated by CySEC.
| FBS | FXCC | |
|---|---|---|
| Overall Pros | A large selection of trading instruments | Tight spread ECN account |
| Copyt trading platform | 3 ECN accounts | |
| $140 no-deposit bonus (not available for EU clients) | 100% First Deposit Bonus | |
| Crypto account | ||
| Overall Cons | Hihg trading fees | Limited choice of trading assets |
| Slow exacution speed | Not everage spread info on the web site |
FBS vs FXCC: Safety and Regulation
| Regulated By: | FBS | FXCC |
|---|---|---|
US Regulation |
No |
No |
FCA (Great Britain) |
No |
No |
CySec (Cyprus, EU) |
Yes |
Yes |
ASIC (Australia) |
Yes |
No |
Other Regulators |
Belize IFSC, license IFSC/000102/310, South Africa - FSCA |
Republic of Vanuatu with registration number 14576 |
FBS vs FXCC: Trading Conditions
| Trading Conditions | FBS | FXCC |
|---|---|---|
Minimum Deposit |
$1 |
$100 |
Trading Platforms |
MetaTrader 4, MetaTrader 5, FBS Trader |
MetaTrader4, Mobile Platforms |
Max Leverage (Futures) |
401769 |
1-300 |
Supported Markets |
Forex, CFDs on stocks, indices, metals, energies, crypto |
Forex, Crypto, Metals, Indices, Bonds, Commodities, Energy, Shares |
Trading assets |
200+ |
100+ |
Trading Accounts |
Standard, Cent, ECN, Micro, Zero Spread, Copy Trade |
ECN Standard Account, ECN XL Account, ECN Advanced Account |
Base Account Currencies |
EUR, USD |
EUR, USD, GBP |
FBS vs FXCC: Fees
Forex Trading Fees
| Fee | FBS | FXCC |
|---|---|---|
Standard Account EURUSD Average Spread |
0.8 pips |
1.5 pips |
Standard Account Fee |
$0 |
$0 |
ECN/STP Account Fee |
$6 per lot |
ECN XL $0 |
ECN Account EUR Average Spread |
0.2 pips |
ECN XL 0.2 pips |
CFD Trading Fees
| Fee | FBS | FXCC |
|---|---|---|
CFD Trading Fee |
US Shares - 0.7%, other markets - folating spread above the average |
Floating spread |
Non-Trading Fees
| Fee | FBS | FXCC |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
No |
Withdrawal Fee |
1$ Visa, Neteller 2%, min - 1$, max - 30$ fee, Skrill - 1% + 0.32$, PerfectMoney - 0.5% |
$35 for a bank transfer |
Inactivity Fee |
No |
Yes |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
FBS vs FXCC: Trading Assets
| Asset Name | FBS | FXCC |
|---|---|---|
Overall |
200+ |
100+ |
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 |
Yes (CFD) |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
No |
No |
Binary Options |
No |
No |
FBS or FXCC: Investment Programs
| Asset Name | FBS | FXCC |
|---|---|---|
Copy Trading |
Yes |
No |
MAM/PAMM |
Yes |
No |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: FXCC or FBS
| FBS | FXCC | |
|---|---|---|
MT4 |
Yes |
Yes |
MT5 |
Yes |
No |
cTrader |
No |
No |
Appropriate platform |
FBSTrader |
No |
Others |
No |
No |
|
|
|
FBS vs FXCC: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | FBS | FXCC |
|---|---|---|
Bank Transfer |
No |
Yes |
Debit Card |
Yes |
Yes |
Electronic Wallets |
Yes |
Yes |
Crypto |
No |
No |
FBS vs FXCC: Research
| Research Type | FBS | FXCC |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
Yes |
No |
Chart Analysis |
Yes |
No |
Trading Ideas |
Yes |
No |
E-Mail Reports |
Yes |
No |
FBS vs FXCC: Education
| Education Type | FBS | FXCC |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
Yes |
No |
Articles |
Yes |
Yes |
Videos |
Yes |
No |
Cent account |
Yes |
No |
FXCC vs FBS: Support
| Support Features | FBS | FXCC |
|---|---|---|
Working Days |
24/5 |
24/5 |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Online chat |
Yes |
Yes |
Other |
FB Messenger |
No |
FBS vs FXCC: Forex Bonuses and Promo
| Promo | FBS | FXCC |
|---|---|---|
Forex Bonus |
$140 no deposit bonus, up to 100% deposit bonus (Bonuses are not available for EU and UK clients) |
100% first deposit bonus (not offered for EU clietns) |
Affiliate Program |
Yes |
|
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 FXCC
-
Comment
FXCC is obviously developing — a lot of interesting things are appearing. This makes me happy as a trader. It has been recommended to me for a long time and now I recommend FXCC to my friends.
-
Comment
fxcc offers excellent opportunities for all traders. Here you will find a wide variety of instruments: currencies, futures, stocks, and cryptocurrencies. Trading conditions are very flexible, which I especially like. The platform is working fine. Moreover, the withdrawal process at fxcc is very fast, which indicates the reliability of the broker.
-
Comment
Broker FXCC offers advanced trading tools such as automated trading systems that help traders maximize their profits with minimal risks. The execution is good, and the charts are accurate. All these features make FXCC an ideal choice for those who want to trade in the forex market.
-
Comment
fxcc is a very serious broker. I came here not so long ago, but I have already appreciated the level of the company. I hope that I will never be disappointed in them. Great work, guys!
-
Comment
The broker FXCC is a new company for me; I have been working with them for a short time, but overall, everything is satisfactory at the moment. I've checked the withdrawal, and everything is fine; they process the money quickly. The deposit is a bit large, but I tend to think that in life, if you want a lot, you have to invest a lot. The execution is good, and the charts are accurate. The FXCC manager has professionally assisted me with any questions.
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.