FBS vs FxPro vs NinjaTrader - Fees Review included
| Feature | FBS | FxPro | NinjaTrader |
|---|---|---|---|
Overall |
4.3 |
4.6 |
3.9 |
4.6 |
5 |
4.3 |
|
3.9 |
3.9 |
4.4 |
|
4.1 |
4.6 |
4.2 |
|
Investment Instruments |
4.7 |
4.9 |
1 |
Platforms and Charting Tools |
4.5 |
4.2 |
4.3 |
Deposit and Withdrawal |
4.2 |
4.5 |
4.6 |
Research |
3.9 |
4.7 |
4.1 |
Education |
4.2 |
4.6 |
4.3 |
Support |
3.9 |
4.5 |
4.2 |
Bonuses |
5 |
2.5 |
1 |
|
|
|
FBS vs FxPro vs NinjaTrader: 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 FxPro broker was registered in July 2006 in Cyprus. The company’s activities are licensed by financial regulators: CySEC (Cyprus), Bahamas SCB, FCA (UK), and South African FSCA. FxPro is successfully operating in more than 170 countries for retail and institutional clients. The broker has received more than 85 awards, including “Best Forex Trading Platform” and “Best Trading Platform”. FxPro has become known for providing the best trading tools. With FxPro broker, traders can trade more than 70 currency pairs, futures and stocks (Twitter, Apple, Google). The company has stock indices, metals and energy resources at its disposal. FxPro sets high safety standards with the client's funds being kept in large international banks. They are insured and separated from the broker's equity.
Ninja Trader is a Forex broker that has been providing brokerage services in the derivatives and foreign exchange markets since 2003. The main specialization of the company is in the futures and futures options markets. The broker is a licensed company with domicile in the United States. Ninja Trader also has offices in Germany and the Netherlands, but these are more representative functions.
| FBS | FxPro | NinjaTrader | |
|---|---|---|---|
| Overall Pros | A large selection of trading instruments | Regulated in EU and Great Britain | availability of algorithmic trading using proprietary systems; there are more than 850 |
| Copyt trading platform | Big choice of ECN/STP accounts | Proprietary trading platform, which is one of the best products for trading in the derivatives markets (like MetaTrader 4 for Forex) | |
| $140 no-deposit bonus (not available for EU clients) | insurance of client funds | 100+ indicators | |
| Crypto account | Strong research and education | Advanced chartign software | |
| PAMM and Copy-trading for investors | Advanced historical tick data | ||
| Personal offers for VIP-clients | |||
| Overall Cons | Hihg trading fees | High spreads and fees | high trading costs. In addition to the commission for the contract, there are exchange and regulatory fees, a fee to the trade provider (intermediary broker) |
| Slow exacution speed | No forex bonuses | The initial deposit is from USD 400. But that amount has nothing to do with fees associated with the US stock market | |
| the broker is tailored exclusively for the US futures and options markets | |||
| a deep understanding of the principles of the derivatives market and the rules for working with exchanges is required | |||
| Chat and phones contacts are missing |
FBS vs FxPro vs NinjaTrader: Safety and Regulation
| Regulated By: | FBS | FxPro | NinjaTrader |
|---|---|---|---|
Max. Regulation Level |
Tier-1 |
Tier-1 |
Tier-1 |
Investor protection |
€20,000 |
€20,000 |
€20,000 |
FCA UK Regulation |
No |
Yes |
Yes |
FINRA (U.S) |
No |
No |
No |
BaFin (Germany) |
No |
No |
No |
ASIC (Australia) |
No |
No |
No |
CFTC (U.S) |
No |
No |
No |
MAS |
No |
No |
No |
FSCA SA |
No |
Yes |
Yes |
BVI FSC |
No |
No |
No |
VFSC |
No |
No |
No |
FSA (Seychelles) |
No |
Yes |
Yes |
FBS vs FxPro vs NinjaTrader: Trading Conditions
| Trading Conditions | FBS | FxPro | NinjaTrader |
|---|---|---|---|
Minimum Deposit |
$1 |
$100 |
For futures - $400, for Forex - $50 |
Trading Platforms |
MetaTrader 4, MetaTrader 5, FBS Trader |
MT4, MT5, MultiTerminal |
Ninjatrader |
Max Leverage (Futures) |
401769 |
1:500 SCB regulation 1:30 (FCA, CySec regulation) |
None |
Supported Markets |
Forex, CFDs on stocks, indices, metals, energies, crypto |
Forex, CFDs on indices cryptocurrencies, stocks, energy commodities |
Derivatives market - instruments of exchanges CME, CBOT, NYMEX, COMEX, NYBOT, ICE US, ICE UK, EUREX |
Trading assets |
200+ |
3000+ |
100+ |
Trading Accounts |
Standard, Cent, ECN, Micro, Zero Spread, Copy Trade |
FxPro MT4 Instant (with fixed spreads), FxPro MT4 Instant (with floating spreads), FxPro MT4 Market, FxPro MT5, FxPro cTrader, VIP-account |
Futures account, Forex account, affiliates’ accounts |
Base Account Currencies |
EUR, USD |
USD, EUR, PLN, GBP, AUD, CHF, JPY, ZAR |
EUR, USD |
FBS vs FxPro vs NinjaTrader: Fees
| Fee | FBS | FxPro | NinjaTrader |
|---|---|---|---|
Standard acc. spread EUR/USD, min pips |
0,7 |
0,9 |
0,9 |
Standard acc. spread EUR/USD, max pips |
1,3 |
1,7 |
1,7 |
ECN Commission |
3 |
3 |
|
ECN Spread EUR/USD |
0,2 |
0,2 |
|
Deposit fee, % |
No |
No |
No |
Withdrawal fee, % |
No |
No |
No |
Withdrawal fee, USD |
No |
No |
No |
Inactivity fee, $ |
No |
15 |
15 |
FBS vs FxPro vs NinjaTrader: Trading Assets
| Asset Name | FBS | FxPro | NinjaTrader |
|---|---|---|---|
Overall |
200+ |
3000+ trading assets |
100+ |
Forex |
Yes |
Yes |
Yes |
Stocks |
Yes (CFD) |
Yes (CFD) |
No |
Metals |
Yes (CFD) |
Yes (CFD) |
No |
Cryptocurrencies |
Yes (CFD) |
Yes (CFD) |
No |
Energy |
Yes (CFD) |
Yes (CFD) |
No |
Indices |
Yes (CFD) |
Yes (CFD) |
No |
ETFs |
No |
No |
No |
Bonds |
No |
No |
No |
Mutual funds |
No |
No |
No |
Stock options |
No |
No |
No |
Futures Trading |
No |
No |
Yes |
Binary Options |
No |
No |
No |
FBS or FxPro or NinjaTrader: Investment Programs
| Asset Name | FBS | FxPro | NinjaTrader |
|---|---|---|---|
Copy Trading |
Yes |
Yes |
No |
MAM/PAMM |
Yes |
Yes |
No |
Managed Accounts |
No |
No |
No |
Other |
No |
No |
No |
Trading Platforms: FBS or FxPro or NinjaTrader
| FBS | FxPro | NinjaTrader | |
|---|---|---|---|
MT4 |
Yes |
Yes |
No |
MT5 |
Yes |
Yes |
No |
cTrader |
No |
No |
No |
Appropriate platform |
FBSTrader |
FxPro |
NinjaTrader |
Others |
No |
No |
No |
|
|
|
FBS vs FxPro vs NinjaTrader: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | FBS | FxPro | NinjaTrader |
|---|---|---|---|
Bank Wire |
Yes |
Yes |
Yes |
Bank Card |
Yes |
Yes |
Yes |
Neteller |
Yes |
Yes |
Yes |
BTC |
No |
No |
No |
Wise |
No |
No |
No |
Payoneer |
No |
No |
No |
USDT |
No |
No |
No |
FBS vs FxPro vs NinjaTrader: Research
| Research Type | FBS | FxPro | NinjaTrader |
|---|---|---|---|
News Feed |
Yes |
Yes |
No |
Fundamental Data |
Yes |
Yes |
No |
Chart Analysis |
Yes |
Yes |
Yes |
Trading Ideas |
Yes |
Yes |
Yes |
E-Mail Reports |
Yes |
Yes |
No |
FBS vs FxPro vs NinjaTrader: Education
| Education Type | FBS | FxPro | NinjaTrader |
|---|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Yes |
Webinars |
Yes |
Yes |
No |
Articles |
Yes |
Yes |
No |
Videos |
Yes |
Yes |
Yes |
Cent account |
Yes |
No |
No |
FBS vs FxPro vs NinjaTrader: Support
| Support Features | FBS | FxPro | NinjaTrader |
|---|---|---|---|
Working Days |
24/5 |
24/5 |
24/5 |
Yes |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Yes |
Online chat |
Yes |
Yes |
Yes |
Other |
FB Messenger |
No |
No |
FBS vs FxPro vs NinjaTrader: Forex Bonuses and Promo
| Promo | FBS | FxPro | NinjaTrader |
|---|---|---|---|
Forex Bonus |
$140 no deposit bonus, up to 100% deposit bonus (Bonuses are not available for EU and UK clients) |
Not offered |
No |
Affiliate Program |
Up to $1.100 per client you introduce to FxPro |
No |
|
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 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.
Top 5 Reviews on FxPro
-
Comment
They've put a lot of thoughts into this. Even trader dasbhoard looks clean, with such a nice showing of what happened during th e day. Each time logging in feels pretty nice ;)
-
Comment
stocks trading with my MT bot, idk why but he is doing a lot better here.
-
Comment
FxPro offers negative balance protection, which can be crucial during periods of high volatility. Spreads on the EUR/USD pair remain within the range of 0.3–0.8 pips. Leverage is available up to 1:500. However, the starting conditions may not suit everyone: the minimum deposit is $100 or the equivalent in other currencies.
-
Comment
cTrader was a new platform. The user interface is complex and takes some time for adaptation. I was surprised how fast orders execute during trading sessions. It probably takes less than 0,01 sec.
-
Comment
I tested FxPro in both demo mode and on a real account with fixed spreads. I didn’t notice much difference in execution — orders open and close consistently. Commissions are no higher than the market average. However, due to the lack of localized analysis, I have to rely on external market sources.
Top 5 Reviews on NinjaTrader
-
Comment
I requested a withdrawal from Ninja Trader at the end of the day and received my funds quickly without any delay or problem. I was pleasantly surprised by the transaction speed, especially considering that some companies delay payments for several months. Moreover, I make good profits trading on the Ninja Trader platform, which works flawlessly if you have trading experience, of course.
-
Comment
Whether it is worth opening an account with Ninjatrader is a rhetorical question. Perhaps this makes sense for professional traders from the USA: the broker is regulated by the NFA, has been operating since 2003 and offers the use of ready-made trading systems, so for lovers of automatic trading, that’s it. There are no complaints about the functionality of the terminal. But at the same time, trading and non-trading costs ... To put it mildly, unprofitable. Not only is there a withdrawal fee, but taxes also need to be paid. For beginners and those who trade in small volumes, this is unprofitable. And finally: to trade futures in Ninjatrader, you need to deposit at least $400, for Forex - $50.
-
Comment
After a simple registration, I could choose a standard or demo trading account. By choosing a demo account, I received a deposit of 100,000 virtual dollars. So, you’ll be able to hone your trading skills and try out strategies without the risk of losing funds. Also, a demo account allows you to check the quality of services and the functionality of the platform. I have tried many brokers and Ninja Trader is the best so far. Execution is lightning-fast, there are no hidden fees, and they have unreal trading conditions. I need to have constant access to the trading platform. That is why a mobile application is a real catch. Thus, I can trade using my smartphone. At the moment, both versions for Android and iOS are available. The application allows you to see the activity feed of other traders in real-time, get acquainted with the cost of various financial instruments, track the status of a trading account and interact with other traders using a social network. I’m in the right frame of m
-
Comment
They have an affiliate program that has been developed for active traders like myself who want to receive passive income. Thus, the client can advertise the project and receive a monetary reward for it. I love it. When I was undecided, this broker allowed me to trade and earn money. It was a breaking point. The platform provides services for online transactions in commodities, currencies, stocks, and indices. Users receive a financial platform that is suitable for both the professional and the beginner. Each trader needs to read the rules before registering. Moreover, tons of instruments are provided for traders. Besides, I liked that Ninja Trader has a demo account. The advantage of a demo account is that the client can try his hand and trade without the risk of losing funds. Also, for the convenience of traders, a mobile application was created that provides access to the platform 24/7. Break a leg, guys.
-
Comment
I have experience working with various brokers, and in the end, for one reason or another, I felt blue. I switched to this broker on the advice of a friend. I started trading here several months ago. I now trade on a real account. I have no complaints and I do not plan to switch from Ninja Trader. This broker meets my main requirements. And the technical support is running savoir-faire. If I need their professional help and sound advice, they will solve my problems.
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.
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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.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.