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FBS vs RoboForex vs IC Markets - Fees Review Included

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FBS isn't available in US
FULL FBS OVERVIEW

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FBS vs RoboForex vs IC Markets - Fees Review: compare trading fees, spreads, commissions, and withdrawal costs across FBS, RoboForex, and IC Markets. RoboForex offers the lowest spreads and commissions, FBS provides high leverage and bonuses, while IC Markets is best for professional traders with low-latency execution.

When selecting a Forex broker, traders need to carefully examine various factors such as fees, trading conditions, and platform features to determine which option aligns best with their trading style. Many traders seek out insights from IC Markets, along with expert opinions on RoboForex, by reading reviews that break down each broker’s strengths, including their execution speeds, customer support quality, and available trading tools.

Similarly, those comparing IC Markets with FBS often turn to reviews that provide a deeper analysis of critical elements such as spreads, leverage options, and the reliability of order execution. These insights help traders understand how the two brokers differ and which one better suits their trading needs.

For traders evaluating both RoboForex and FBS, conducting a comparison between the two can be useful. Looking at fees, available trading instruments, and additional perks like bonuses or loyalty programs allows traders to determine which platform offers better value for their specific trading approach.

This detailed analysis of IC Markets, RoboForex, and FBS provides essential information to help traders make a well-informed decision when selecting the best broker for their Forex trading journey.

FBS vs RoboForex vs IC Markets
FeatureFBSRoboForexIC Markets
Overall4.34.94.7
Regulation4.64.65
Fees3.94.94.9
Trading assets4.154.6
Investment instruments4.74.84.9
Platforms and charting tools4.54.94.4
Deposit and withdrawal4.24.84.6
Research3.94.94.3
Education4.24.84.4
Support3.95.04.6
Bonuses552.5
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FBS vs RoboForex vs IC Markets: pros and cons

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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.

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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.

Open an account
Your capital is at risk.

IC Markets Trading Company was founded in 2007 in Sydney, Australia. The broker is licensed under the Australian Financial Services License (AFSL) and the Australian Securities and Investment Commission (ASIC). The broker is also a member of the Australian Financial Complaint Authority (AFCA), the governing body that sets the industry standard for the resolution of disputes between consumers and financial service providers, and regularly undertakes audits.

When evaluating FBS and RoboForex pros and cons, traders should consider their unique advantages and limitations. FBS offers high leverage, flexible trading conditions, and attractive bonuses, making it ideal for beginners. However, it has relatively higher spreads compared to some competitors. RoboForex, on the other hand, provides an extensive range of trading instruments, low fees, and advanced trading platforms. While RoboForex excels in market diversity, some traders may find the platform's execution speed slightly slower compared to top-tier ECN brokers.

FBS vs RoboForex vs IC Markets: pros and cons
Pros and consFBSRoboForexIC Markets

Overall pros

  • A large selection of trading instruments

  • Copy trading platform

  • $140 no-deposit bonus (not available for EU clients)

  • Crypto account

  • Trading With Leverage up to 1:2000

  • Near 9000 supported trading assets

  • Low trading and non trading fees

  • Passive income with copy trading

  • Great bonus programs

  • Instant withdrawal of funds

  • Best choice of Forex EA, Forex bots builder

  • Advanced trading platforms

  • World biggest Forex broker, over 180,000 clients and $1.11 trln monthly turnover

  • Advanced ECN trading

  • Order execution speed 40 mc

  • Free VPS

  • Trading servers in New York and London

  • Strong regulation

  • 2000+ trading assets, 60+ currency pairs

  • EUR/USD average spread 0.1 pip

Overall cons

  • High trading fees

  • Slow execution speed

  • Lack of cryptocurrency tools when trading on the R Trader platform

  • A small number of currency pairs - 36, for accounts: Pro, Pro-Cent, ECN, Prime

No Forex bonuses

FBS vs RoboForex vs IC Markets: safety and regulation

Regulation plays a crucial role in determining the credibility of a broker. Both IC Markets and FBS are regulated by top-tier financial authorities, ensuring compliance with strict industry standards. IC Markets is overseen by ASIC in Australia, providing a highly secure trading environment, while FBS operates under CySEC and ASIC, giving traders confidence in its financial integrity. Traders should always verify regulatory details to ensure their funds are protected before choosing a broker.

FBS vs RoboForex vs IC Markets: safety and regulation
Regulated By:FBSRoboForexIC Markets
Max. regulation LevelTier-1Tier-3Tier-3
Investor protection€20,000€20,000€20,000
FCA UK regulationNoNoNo
FINRA (U.S)NoNoNo
BaFin (Germany)NoNoNo
ASIC (Australia)YesNoNo
CFTC (U.S)NoNoNo
MASNoNoNo
FSCA SANoNoNo
BVI FSCNoNoNo
VFSCNoNoNo
FSA (Seychelles)NoNoNo

FBS vs RoboForex vs IC Markets: trading conditions

Both FBS and IC Markets provide traders with access to powerful trading platforms, including MetaTrader 4 and MetaTrader 5, which are equipped with advanced charting tools and fast execution speeds. While IC Markets, known for its ECN environment, attracts traders who prefer raw spreads and direct market access, FBS, on the other hand, offers more flexible account types, making its platform suitable for a wide range of trading strategies.

When evaluating trading conditions, both RoboForex and FBS offer distinct advantages that cater to different trading preferences. RoboForex, for example, stands out with its extensive selection of financial instruments and a variety of trading assets, making it a strong option for diversification. Meanwhile, FBS, with its high-leverage options, provides traders the opportunity to maximize their exposure even with smaller capital, making it a preferred choice for those looking to amplify their trades.

For traders comparing minimum deposit requirements between FBS and RoboForex, the difference in starting capital is worth noting. FBS, with its ultra-low entry point, allows traders to begin trading with just $1, making it an ideal choice for beginners who want to start small. On the other hand, RoboForex, which requires a $10 minimum deposit, provides a balance between affordability and access to more advanced trading features, giving traders a solid foundation to scale their strategies over time.

FBS vs RoboForex vs IC Markets: trading conditions
Trading conditionsFBSRoboForexIC Markets
Minimum deposit$1$10$200
Trading platformsMetaTrader 4, MetaTrader 5, FBS TraderMT4, MT5, cTrader, R StocksTrader, RoboForex, MT4, MT5, cTrader
Max leverage (Futures)4017691-20001-500
Supported marketsForex, CFDs on stocks, indices, metals, energies, cryptoForex, Stocks, Indices, ETFs, Groceries, Energy commodities, MetalsForex, futures, CFDs on indices, commodities, metals, stocks and bonds
Trading assets200+8700+2000+
Trading accountsStandard, Cent, ECN, Micro, Zero Spread, Copy Trade Pro, Pro Cent, ECN, PrimecTrader, Raw Spread, Standard
Base account currenciesEUR, USDUSD, EURUSD, AUD, GBP, CHF, JPY, NZD, SGD, CAD, HKD, BTC

FBS vs RoboForex vs IC Markets: fees

When evaluating the fees associated with IC Markets and FBS, traders should take into account not only the spreads and commission charges but also additional costs, such as withdrawal fees and inactivity penalties. While both brokers offer competitive pricing structures, FBS, in comparison to IC Markets, tends to have slightly higher fees on standard accounts. On the other hand, IC Markets provides a more cost-effective ECN trading option, which appeals to traders looking for lower transaction costs.

For those comparing the spreads between RoboForex and IC Markets, it’s important to note that RoboForex generally offers tighter spreads on its standard accounts. This makes it an attractive choice for traders who want to minimize upfront costs. However, when considering advanced trading conditions, IC Markets, unlike RoboForex, provides raw spread accounts with nearly zero spreads. This structure is particularly beneficial for professional traders who rely on ECN execution and require deep liquidity for high-frequency trading strategies.

When deciding between an account with IC Markets or FBS, traders should consider their individual trading styles and experience levels. IC Markets, with its ECN model, offers institutional-grade liquidity and tight pricing, making it ideal for seasoned traders. In contrast, FBS, compared to IC Markets, provides a wider variety of account types, including cent and micro accounts, which are designed to support beginners looking for a more accessible entry into Forex trading.

FBS vs RoboForex vs IC Markets: fees
FeeFBSRoboForexIC Markets
Standard acc. spread EUR/USD, min pips 0,70,50,5
Standard acc. spread EUR/USD, max pips 0,91,51,5
ECN commission322
ECN Spread EUR/USD0,10,20,2
Deposit fee, %NoNoNo
Withdrawal fee, %No0-40-4
Withdrawal fee, USDNo0-1,30-1,3
Inactivity fee, $NoNoNo

FBS vs RoboForex vs IC Markets: trading assets

Both RoboForex and IC Markets provide advanced trading platforms that support a wide range of financial instruments. While RoboForex stands out for offering over 9,700 assets across various markets, IC Markets, on the other hand, focuses on delivering deep liquidity, making it a preferred choice for both institutional and retail traders who require fast execution speeds. This combination of broad asset selection and high liquidity ensures that traders using RoboForex and IC Markets for trading can access multiple markets with competitive conditions.

For those specifically interested in Forex, both RoboForex and FBS provide access to a diverse range of currency pairs with competitive spreads. RoboForex, with its extensive selection of Forex instruments, allows traders to explore multiple currency pairs, while FBS, known for its high leverage offerings, attracts traders who aim to maximize their market exposure. Whether you are looking for a broker with a vast asset portfolio or one that provides aggressive leverage options, both Forex trading with RoboForex and FBS presents traders with unique advantages suited to different strategies.

FBS vs RoboForex vs IC Markets: trading assets
Asset nameFBSRoboForexIC Markets
Overall200+9700+ trading assets2000+ trading assets
ForexYesYesYes
StocksYes (CFD)Yes (CFD)Yes (CFD)
MetalsYes (CFD)Yes (CFD)Yes (CFD)
CryptocurrenciesYes (CFD)Yes (CFD)Yes (CFD)
EnergyYes (CFD)Yes (CFD)Yes (CFD)
IndicesYes (CFD)Yes (CFD)Yes (CFD)
ETFsNoYes (CFD)Yes (CFD)
BondsNoNoYes (CFD)
Mutual fundsNoNoNo
Stock optionsNoNoNo
Futures tradingNoNoYes (CFD)
Binary optionsNoNoNo

FBS or RoboForex or IC Markets: investment programs

For traders looking for diversified options, IC Markets and FBS investment programs provide structured trading solutions. IC Markets offers MAM/PAMM accounts for money managers and professional traders, while FBS integrates copy trading features, allowing investors to follow successful traders with ease. Understanding these investment programs can help traders choose the best platform based on their financial goals and risk appetite.

FBS or RoboForex or IC Markets: investment programs
Asset nameFBSRoboForexIC Markets
Copy tradingYesYesYes
MAM/PAMMYesNoYes
Managed accountsNoNoNo
OtherNoNoNo

Trading platforms: FBS or RoboForex or IC Markets

When choosing a trading platform, many traders compare FBS with IC Markets to understand which one aligns better with their trading goals. While FBS, as part of the IC Markets platform comparison, provides a user-friendly experience through MetaTrader 4 and 5, IC Markets, on the other hand, is known for its strong ECN infrastructure, offering access to advanced trading tools, deep liquidity, and low-latency execution.

For those evaluating RoboForex alongside IC Markets, the decision largely depends on their trading preferences, including the choice of instruments and platform capabilities. While RoboForex, when compared with IC Markets trading conditions, stands out with its proprietary R StocksTrader platform and a broad range of assets, IC Markets is often favored by traders looking for institutional-grade liquidity, competitive spreads, and lightning-fast trade execution tailored for professionals.

Trading platforms: FBS or RoboForex or IC Markets
Trading platformsFBSRoboForexIC Markets
MT4YesYesYes
MT5YesYesYes
cTraderNoYesYes
Appropriate platformFBSTraderR StocksTrader, RoboForex TerminalsIC Markets terminal
OthersNoNoNo

FBS vs RoboForex vs IC Markets: deposit and withdrawal methods

When analyzing how RoboForex and IC Markets handle the withdrawal process, traders should consider the variety of available payment methods and the time it takes for transactions to be completed. While RoboForex, in certain cases, allows for instant withdrawals through specific payment providers, IC Markets, on the other hand, focuses on providing highly secure transactions along with competitive fees, ensuring that traders experience minimal delays when accessing their funds.

For those assessing how much they need to start trading, the minimum deposit required by FBS and RoboForex differs significantly. FBS, offering an entry-level deposit as low as $1, is an attractive option for beginners who want to start trading with minimal risk. Meanwhile, RoboForex, though requiring a slightly higher minimum deposit of $10, still remains affordable while providing traders with a wider range of account types and trading instruments to explore.

When it comes to funding accounts, both IC Markets and FBS offer flexible deposit options, making it convenient for traders to add funds using various payment methods. Whether traders prefer bank transfers, credit or debit cards, or popular e-wallets, these brokers accommodate different preferences. However, IC Markets, with its deposit requirement set at $200, is particularly suited for those seeking an ECN trading environment with deep liquidity, while FBS caters to a broader audience by offering lower initial funding requirements.

FBS vs RoboForex vs IC Markets: deposit and withdrawal methods
Deposit and withdrawal methodFBSRoboForexIC Markets
Bank wireYesYesYes
Bank cardYesYesYes
NetellerYesYesYes
BTCNoNoNo
WiseNoNoNo
PayoneerNoNoNo
USDTNoNoNo

FBS vs RoboForex vs IC Markets: research

For traders seeking comprehensive market insights, understanding IC Markets and FBS research types can be highly beneficial. IC Markets provides advanced research tools, including fundamental and technical analysis, while FBS focuses on delivering user-friendly market reports and trading ideas tailored to different experience levels. Choosing the right broker depends on the trader's need for in-depth market analysis and strategic insights.

FBS vs RoboForex vs IC Markets: research
Research typeFBSRoboForexIC Markets
News feedYesYesYes
Fundamental dataYesYesYes
Chart analysisYesYesYes
Trading ideasYesYesYes
E-Mail reportsYesYesYes

FBS vs RoboForex vs IC Markets: education

For those just starting their trading journey, understanding the differences between RoboForex and FBS in terms of education is crucial. Both brokers offer learning materials, but their approaches cater to different types of traders. While RoboForex, with its focus on market insights, provides in-depth analysis and strategy-based training, FBS, on the other hand, structures its education around simplified guides and beginner-friendly resources. This contrast means that traders looking for a more analytical learning experience may find RoboForex more suitable, whereas those who prefer hands-on training with interactive webinars and guided tutorials may benefit more from FBS.

When comparing RoboForex with FBS, especially for beginners, it’s essential to assess not just the educational content but also the level of support each broker provides. RoboForex, known for its detailed data-driven approach, is ideal for traders who want to develop strong analytical skills early on. Meanwhile, FBS, with its beginner-friendly setup, focuses on making Forex concepts easy to understand through structured lessons and step-by-step tutorials. Choosing between RoboForex vs FBS for beginners ultimately depends on whether a trader values technical analysis and deep market insights or prefers a more guided and simplified introduction to trading.

FBS vs RoboForex vs IC Markets: education
Education typeFBSRoboForexIC Markets
Demo-account/Paper tradingYesYesYes
WebinarsYesYesYes
ArticlesYesYesYes
VideosYesYesYes
Cent accountYesYesNo

FBS vs RoboForex vs IC Markets: support

When it comes to FBS and RoboForex support, both brokers offer responsive customer service with multiple communication channels, including email, phone, and live chat. FBS stands out by also providing support via Facebook Messenger, making it convenient for traders who prefer social media interaction.

For traders needing quick assistance, IC Markets and RoboForex live chat services provide real-time support, ensuring that issues are resolved efficiently. Both brokers have dedicated teams to handle client queries, making their platforms reliable for traders who require immediate assistance at any time.

FBS vs RoboForex vs IC Markets: support
Support featuresFBSRoboForexIC Markets
Working days24/524/524/5
E-mailYesYesYes
PhoneYesYesYes
Online chatYesYesYes
OtherFB MessengerNoNo

FBS vs RoboForex vs IC Markets: Forex bonuses and promo

For traders who are evaluating RoboForex and looking at how FBS provides bonuses, both brokers offer attractive promotions that encourage trading activity. While FBS is known for giving traders a generous no-deposit bonus along with a high-percentage deposit incentive, RoboForex takes a different approach by offering a welcome bonus and organizing frequent trading contests that reward active participants. These promotions make both brokers appealing for traders who want extra benefits while funding their accounts.

When comparing the different trading benefits that IC Markets and RoboForex offer, it becomes clear that each broker caters to a distinct type of trader. Unlike RoboForex, which frequently updates its promotions and provides cashback programs as well as trading competitions, IC Markets does not focus on traditional bonus structures. Instead, it attracts traders with ultra-low spreads and institutional-grade liquidity, making it a strong choice for those who prioritize cost-effective trading and deep market access.

FBS vs RoboForex vs IC Markets: Forex bonuses and promo
PromoFBSRoboForexIC Markets
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%Not offered
Affiliate programUp to 40% of trading commissions% of trading commissions
Other promosBy activating the option in the personal account, a trader can receive a cashback of up to $15 per lot

Conclusion

Choosing the right broker depends on your trading style and goals. FBS is best for traders seeking high leverage and beginner-friendly bonuses. RoboForex stands out with low fees and an extensive range of trading instruments. IC Markets is ideal for professionals who require ultra-low spreads and fast execution. Evaluating trading fees, platform features, and customer support is crucial. Each broker offers unique advantages, so selecting one should align with your financial strategy. Stay informed and trade responsibly to maximize your success.

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/ECN 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
Author at Traders Union

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.

Chinmay Soni
Developmental English Editor

Chinmay Soni is a financial analyst with more than 5 years of experience in working with stocks, Forex, derivatives, and other assets. As a founder of a boutique research firm and an active researcher, he covers various industries and fields, providing insights backed by statistical data. He is also an educator in the field of finance and technology.

As an author for Traders Union, he contributes his deep analytical insights on various topics, taking into account various aspects.

Mirjan Hipolito
Cryptocurrency and stock expert

Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).