FBS vs LiteForex - Fees Review included
Which broker is better FBS or LiteForex? 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. LiteForex is one of the top brokers in the financial market with the TU Overall Score of 6.38 out of 10. Find out more about TU Overall Score.
Feature | FBS | LiteForex |
---|---|---|
Overall |
4.3 |
4.4 |
4.6 |
4.8 |
|
3.9 |
3.7 |
|
4.1 |
3.8 |
|
Investment Instruments |
4.7 |
4.5 |
Platforms and Charting Tools |
4.5 |
4.5 |
Deposit and Withdrawal |
4.2 |
5 |
Research |
3.9 |
4 |
Education |
4.2 |
4.4 |
Support |
3.9 |
4.7 |
Bonuses |
5 |
4.1 |
|
|
FBS vs LiteForex: 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 LiteForex broker is a high-tech company that constantly offers innovative solutions for active and passive trading. The LiteForex group of companies was incorporated in 2005, and it has risen through the ranks to become a market leader. Today, LiteForex is an online ECN broker with unique technical solutions for transferring transactions to the interbank and directly to liquidity providers.
FBS | LiteForex | |
---|---|---|
Overall Pros | A large selection of trading instruments | Correspondence to the A-Book model, STP (straight-through processing) and ECN technologies for processing client orders and pin spreads with instant market execution with minimal slippage in both directions |
Copyt trading platform | ||
$140 no-deposit bonus (not available for EU clients) | ||
Crypto account | ||
Overall Cons | Hihg trading fees | |
Slow exacution speed |
FBS vs LiteForex: Safety and Regulation
Regulated By: | FBS | LiteForex |
---|---|---|
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 |
European MiFID directive (license No. 093/08) |
FBS vs LiteForex: Trading Conditions
Trading Conditions | FBS | LiteForex |
---|---|---|
Minimum Deposit |
$1 |
$50 |
Trading Platforms |
MetaTrader 4, MetaTrader 5, FBS Trader |
MT4, MT5, MultiTerminal, Sirix Webtrader |
Max Leverage (Futures) |
401769 |
1-500 |
Supported Markets |
Forex, CFDs on stocks, indices, metals, energies, crypto |
Forex, assets of stock and commodity markets, cryptocurrencies |
Trading assets |
200+ |
200+ |
Trading Accounts |
Standard, Cent, ECN, Micro, Zero Spread, Copy Trade |
Demo, Classic, ECN |
Base Account Currencies |
EUR, USD |
USD, EUR, CHF, MBT |
FBS vs LiteForex: Fees
Forex Trading Fees
Fee | FBS | LiteForex |
---|---|---|
Standard Account EURUSD Average Spread |
0.8 pips |
1.8 pips |
Standard Account Fee |
$0 |
$0 |
ECN/STP Account Fee |
$6 per lot |
$5 per lot |
ECN Account EUR Average Spread |
0.2 pips |
0.1 pips |
CFD Trading Fees
Fee | FBS | LiteForex |
---|---|---|
CFD Trading Fee |
US Shares - 0.7%, other markets - folating spread above the average |
Floating spread |
Non-Trading Fees
Fee | FBS | LiteForex |
---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
No |
Withdrawal Fee |
1$ Visa, Neteller 2%, min - 1$, max - 30$ fee, Skrill - 1% + 0.32$, PerfectMoney - 0.5% |
2-3% |
Inactivity Fee |
No |
0%. Accounts are archived after three months of inactivity but can be recovered |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
FBS vs LiteForex: Trading Assets
Asset Name | FBS | LiteForex |
---|---|---|
Overall |
200+ |
200+ |
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 |
ETFs |
No |
No |
Bonds |
No |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
No |
No |
Binary Options |
No |
No |
FBS or LiteForex: Investment Programs
Asset Name | FBS | LiteForex |
---|---|---|
Copy Trading |
Yes |
Yes |
MAM/PAMM |
Yes |
No |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: LiteForex or FBS
FBS | LiteForex | |
---|---|---|
MT4 |
Yes |
Yes |
MT5 |
Yes |
Yes |
cTrader |
No |
No |
Appropriate platform |
FBSTrader |
No |
Others |
No |
SiriX Webtrader |
|
|
FBS vs LiteForex: Deposit and Withdrawal Methods
Deposit and Withdrawal Method | FBS | LiteForex |
---|---|---|
Bank Transfer |
No |
Yes |
Debit Card |
Yes |
Yes |
Electronic Wallets |
Yes |
Yes |
Crypto |
No |
Yes |
FBS vs LiteForex: Research
Research Type | FBS | LiteForex |
---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
Yes |
No |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
Yes |
Yes |
E-Mail Reports |
Yes |
No |
FBS vs LiteForex: Education
Education Type | FBS | LiteForex |
---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
Yes |
Yes |
Articles |
Yes |
Yes |
Videos |
Yes |
Yes |
Cent account |
Yes |
No |
LiteForex vs FBS: Support
Support Features | FBS | LiteForex |
---|---|---|
Working Days |
24/5 |
24/5 |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Online chat |
Yes |
Yes |
Other |
FB Messenger |
FB Messenger, Telegram |
FBS vs LiteForex: Forex Bonuses and Promo
Promo | FBS | LiteForex |
---|---|---|
Forex Bonus |
$140 no deposit bonus, up to 100% deposit bonus (Bonuses are not available for EU and UK clients) |
No |
Affiliate Program |
This multilevel affiliate program allows you to get remuneration up to $50 for each client (referral) + 10% of the sub-partner's profit. |
|
Other Promos |
By activating the option in the personal account, a trader can receive a cashback of up to $15 per lot |
ZERO Fees — reimbursement to the trading account by the debited payment system for the transfer of a commission via replenishment or withdrawal |
|
|
Top 5 Reviews on LiteForex
-
Comment
I have been seeing post everywhere and a lot of people keep saying reach out to them and eventually I did and it turned out to be legit. now my lost bitcoin is recovered, they have the best bitcoin trading and funds recovery software, Thank you victimsrecoveryeducation@cyberservices.com
-
Comment
I'm happy with LiteForex. The quality of the trading platform is normal. There are requotes, but they are quite rare. I withdrew $500 for the first time without any delays. I can remember one negative thing: there was disconnection from the server, which lasted more than 3 minutes. LiteForex support has resolved this issue and I hope that there will be no more problems like this.
-
Comment
Lite Forex is a very bad broker. I traded with it last year and it kept getting worse and worse with each trade. Stop losses were placed due to the spontaneous expansion of spreads, increase and change into negative swaps on some popular trading assets. There were no good specialists in technical support who could solve the problem. I advise you to run away from Lite Forex.
-
Comment
If you got here, quit trading with LiteForex. You won't earn anything here, you'll only lose your money. I tried to trade with LiteForex twice and lost my deposit both times. You open a trade, but it constantly goes against you. Even if there is a trend. There is an expiration in the negative, and then the price moves normally. You rush to open a trade again and the situation repeats. This is not trading, but torture.
-
Comment
Spikes that destroy your stops are a normal occurrence on the LiteForex platform. It’s okay if there is multidirectional movement in the market. But when there is a stable trend, a 50-pip spike in the opposite direction is a common occurrence for them. And I think that LiteForex manipulates this situation.
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.