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 |
|---|---|---|---|
US Regulation |
No |
No |
No |
FCA (Great Britain) |
No |
Yes |
No |
CySec (Cyprus, EU) |
Yes |
Yes |
No |
ASIC (Australia) |
Yes |
No |
No |
Other Regulators |
Belize IFSC, license IFSC/000102/310, South Africa - FSCA |
FSCA (South Africa), SCB (Bahamas) |
NFA |
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
Forex Trading Fees
| Fee | FBS | FxPro | NinjaTrader |
|---|---|---|---|
Standard Account EURUSD Average Spread |
0.8 pips |
2.4 pip |
1.4 pip |
Standard Account Fee |
$0 |
$0 |
$0 |
ECN/STP Account Fee |
$6 per lot |
Not offered |
Not supported |
ECN Account EUR Average Spread |
0.2 pips |
Not offered |
Not supported |
CFD Trading Fees
| Fee | FBS | FxPro | NinjaTrader |
|---|---|---|---|
CFD Trading Fee |
US Shares - 0.7%, other markets - folating spread above the average |
Floating spread |
Not supported |
Non-Trading Fees
| Fee | FBS | FxPro | NinjaTrader |
|---|---|---|---|
Account Fee |
No |
No |
No |
Deposit Fee |
No |
No |
ACH: Free; Incoming Check or Wires; No fee; Bounced Check: $30 |
Withdrawal Fee |
1$ Visa, Neteller 2%, min - 1$, max - 30$ fee, Skrill - 1% + 0.32$, PerfectMoney - 0.5% |
No |
ACH: 2 free per month, $15 per additional monthly withdrawal; Check: $7; Domestic Wire Transfer: $30; International Wire Transfer: 50 units of originating currency |
Inactivity Fee |
No |
$5 per month after 6 monthes without trades |
$25 after 1 month of inactivity |
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 Transfer |
No |
Yes |
Yes |
Credit/Debit Card |
Yes |
Yes |
Yes |
Electronic Wallets |
Yes |
Yes (Only Bahamas and South Africa regulated entities) |
Yes |
Crypto |
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
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.
Top 5 Reviews on FxPro
-
Comment
To become a successful forex trader, you must know the four trading sessions and best time to trade in the most busy session. Forex trading sessions are times when the forex market is open and closed in different regions. You have to learn about these sessions to know when each opens and closes before you open a position. Out of the four sessions, new york and London is the ones with the highest trading volume and the best sessions to trade in if you want to trade in a busy market. I use the FXxPro Global Stock Exchanges session times to know what session is open and to monitor when two sessions overlap especially the New York and London overlap which is the best time to trade as it is known to have the heaviest volume of trading and is best for trading opportunities. Personally, this is one of the simple but helpful tools for day traders on FxPro.
-
Comment
You can transfer from your Fxpro wallet to your trading wallet 24/7. I happen to be busy during the weekdays and only trade during the weekends, now i want to transfer funds between my FxPro Wallet and trading accounts during the weekend to trade. The first time i tried i had few open positions and it stalled but after closing the positions it was successful. So transferring funds between fxpro wallet and trading accounts during weekends is possible if the specific trading account you are transferring from does not have any open positions. You will not be able to move money from an open trade you had over the weekend to your wallet until the market reopens on Sunday at 22:00 UK time.
-
Comment
When you encounter any challenge with your trade, the best option is to contact the customer service agent if you don't have any senior trader you can get help from at the moment. At least the Fxpro customer service is fast, responsive, and made up of experts. Issues with verifications, deposit and withdrawals are best handled by the support team, especially those that have to do with delay in funding accounts. You can use the FAQ option to solve some recurring issues as you can find answers given to traders who had similar challenges earlier. In one of the occasions connecting to the customer support was not going through so i decided to check the FAQ section. My challenge has to do with transferring from my wallet to my trading account. I solved this with the answer from the FAQ section.
-
Comment
Great broker FxPro. It has decent trading tools and a wide range of assets. This is good because the opportunity to invest in multiple financial markets simultaneously is an advantage for any trader. FxPro has a fairly professional customer support service, helping to resolve various issues. I've traded here on two platforms, and they both work quickly.
-
Comment
You can entrust FxPro with your money. As far as I know, the company has established itself as a decent broker and it would be surprising when they engage in manipulation here. I have been trading with FxPro for many years and during all this time I haven’t noticed any manipulations or bucket shop methods.
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.
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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.
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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.