FBS vs RoboForex - Fees Review included
Which broker is better FBS or RoboForex? 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. RoboForex is one of the top brokers in the financial market with the TU Overall Score of 8.9 out of 10. Find out more about TU Overall Score.
| Feature | FBS | RoboForex |
|---|---|---|
Overall |
4.3 |
4.9 |
4.6 |
4.6 |
|
3.9 |
4.9 |
|
4.1 |
5 |
|
Investment Instruments |
4.7 |
4.8 |
Platforms and Charting Tools |
4.5 |
4.9 |
Deposit and Withdrawal |
4.2 |
4.8 |
Research |
3.9 |
4.9 |
Education |
4.2 |
4.8 |
Support |
3.9 |
5.0 |
Bonuses |
5 |
5 |
|
|
|
FBS vs RoboForex: 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.
RoboForex is a brokerage company that was founded in 2009. It provides services to financial markets in 169 countries. More than 3.5 million users are RoboForex clients. RoboForex is the leading software developer in the Forex industry. RoboForex is recognized as a reliable partner by the most respected financial market experts. The company has won numerous prestigious awards. The RoboForex group of companies has an international license to provide services from FSC Belize.
| FBS | RoboForex | |
|---|---|---|
| Overall Pros | A large selection of trading instruments | Trading With Leverage up to 1:2000 |
| Copyt trading platform | Near 9000 supported trading assets | |
| $140 no-deposit bonus (not available for EU clients) | Low trading and non trading fees | |
| Crypto account | Passive income with copy trading | |
| Great bonus programs | ||
| Instant withdrawal of funds | ||
| Best choice of Forex EA, Forex bots builder | ||
| Advanced trading platforms | ||
| Overall Cons | Hihg trading fees | Lack of cryptocurrency tools when trading on the R Trader platform |
| Slow exacution speed | A small number of currency pairs - 36, for accounts: Pro, Pro-Cent, ECN, Prime |
FBS vs RoboForex: Safety and Regulation
| FBS | RoboForex | |
|---|---|---|
Max. Regulation Level |
Tier-1 |
Tier-3 |
Investor protection |
€20,000 |
€20,000 |
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 |
No |
FBS vs RoboForex: Trading Conditions
| Trading Conditions | FBS | RoboForex |
|---|---|---|
Minimum Deposit |
$1 |
$10 |
Trading Platforms |
MetaTrader 4, MetaTrader 5, FBS Trader |
MT4, MT5, cTrader, R StocksTrader, RoboForex, |
Max Leverage (Futures) |
401769 |
1-2000 |
Supported Markets |
Forex, CFDs on stocks, indices, metals, energies, crypto |
Forex, Stocks, Indices, ETFs, Groceries, Energy commodities, Metals |
Trading assets |
200+ |
8700+ |
Trading Accounts |
Standard, Cent, ECN, Micro, Zero Spread, Copy Trade |
Pro, Pro Cent, ECN, Prime |
Base Account Currencies |
EUR, USD |
USD, EUR |
FBS vs RoboForex: Fees
| FBS | RoboForex | |
|---|---|---|
Standard acc. spread EUR/USD, min pips |
0,7 |
0,5 |
Standard acc. spread EUR/USD, max pips |
1,3 |
2 |
ECN Commission |
2 |
|
ECN Spread EUR/USD |
0,2 |
|
Deposit fee, % |
No |
No |
Withdrawal fee, % |
No |
0-4 |
Withdrawal fee, USD |
No |
0-1,3 |
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 RoboForex: Trading Assets
| Asset Name | FBS | RoboForex |
|---|---|---|
Overall |
200+ |
9700+ trading assets |
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 |
Yes (CFD) |
Bonds |
No |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
No |
No |
Binary Options |
No |
No |
FBS or RoboForex: Investment Programs
| Asset Name | FBS | RoboForex |
|---|---|---|
Copy Trading |
Yes |
Yes |
MAM/PAMM |
Yes |
No |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: RoboForex or FBS
| FBS | RoboForex | |
|---|---|---|
MT4 |
Yes |
Yes |
MT5 |
Yes |
Yes |
cTrader |
No |
Yes |
Appropriate platform |
FBSTrader |
R StocksTrader, RoboForex Terminals |
Others |
No |
No |
|
|
|
FBS vs RoboForex: Deposit and Withdrawal Methods
| FBS | RoboForex | |
|---|---|---|
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 RoboForex: Research
| Research Type | FBS | RoboForex |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
Yes |
Yes |
E-Mail Reports |
Yes |
Yes |
FBS vs RoboForex: Education
| Education Type | FBS | RoboForex |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
Yes |
Yes |
Articles |
Yes |
Yes |
Videos |
Yes |
Yes |
Cent account |
Yes |
Yes |
RoboForex vs FBS: Support
| Support Features | FBS | RoboForex |
|---|---|---|
Working Days |
24/5 |
24/5 |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Online chat |
Yes |
Yes |
Other |
FB Messenger |
No |
FBS vs RoboForex: Forex Bonuses and Promo
| Promo | FBS | RoboForex |
|---|---|---|
Forex Bonus |
$140 no deposit bonus, up to 100% deposit bonus (Bonuses are not available for EU and UK clients) |
Welcome bonus $30 Classic first deposit bonus up to 120% |
Affiliate Program |
Up to 40% of trading commissions |
|
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 RoboForex
-
Comment
I found the broker RoboForex through the Traders Union ranking — it currently holds the number one spot among forex brokers in Ukraine. I opened an account to trade U.S. stocks via StocksTrader: over 12,000 instruments available, including CFDs on Apple, Nvidia, Google, and Tesla shares. The minimum deposit on StocksTrader is $100, but the commissions are low and the trading dashboard is user-friendly. In the first quarter, I made a 14% profit trading stocks and ETFs. The high-quality analytics and educational materials on the website are also a big plus.
-
Comment
I chose RoboForex for trading currency pairs because of the low minimum deposit of just $10 and the wide range of instruments available. I trade on Pro and ECN accounts, and the spreads really do start from 0 pips, especially on EUR/USD. Over the course of a month, I managed to grow my deposit from $150 to $220 thanks to fast order execution and no slippage. I was pleased with the instant withdrawal — my $50 request was processed within 30 minutes to a Visa card. The MT5 platform is user-friendly and works smoothly on both desktop and mobile.
-
Comment
I chose RoboForex for its combination of high order execution speed and favorable conditions for investors. Spreads start from 0.2 pips, and leverage goes up to 1:2000 — the highest among regulated brokers. I really like the CopyFx investment platform, which allows you to follow successful traders and diversify risks. Most accounts offer free deposits and withdrawals. RoboForex provides reliable fund protection, including negative balance protection, and also safeguards traders’ interests through a compensation fund of up to €20,000.
-
Comment
I consider RoboForex the best broker in terms of the number of available instruments: over 12,000 financial assets, including currencies, stocks, indices, commodities, ETFs, and cryptocurrencies. The minimum deposit is just $10, making it easy to start even without a large initial capital. Trading is available on popular platforms like MT4, MT5, WebTrader, and R StocksTrader. I was pleasantly surprised by the instant processing of withdrawal requests — funds arrive within an hour. Plus, they have a great loyalty program where each participant can get up to 20% commission cashback.
-
Comment
I work with RoboForex because of its high reliability and the wide range of features it offers for active traders. The broker is regulated by the FSC (Belize) and is also a member of The Financial Commission, which provides a compensation fund of up to €20,000. The company has been in the market for over 16 years, which inspires confidence. Key advantages include fast order execution and tight spreads — for most major pairs, spreads consistently stay within 0.2–0.4 pips. The negative balance protection system works flawlessly, and leverage up to 1:2000 allows for efficient capital use.
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.