FBS vs Spreadex - Fees Review included
Which broker is better FBS or Spreadex? 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. Spreadex is one of the top brokers in the financial market with the TU Overall Score of 4.45 out of 10. Find out more about TU Overall Score.
| Feature | FBS | Spreadex |
|---|---|---|
Overall |
4.3 |
2.8 |
4.6 |
3.8 |
|
3.9 |
3.1 |
|
4.1 |
3.8 |
|
Investment Instruments |
4.7 |
1 |
Platforms and Charting Tools |
4.5 |
3.3 |
Deposit and Withdrawal |
4.2 |
3 |
Research |
3.9 |
3.1 |
Education |
4.2 |
3 |
Support |
3.9 |
3.2 |
Bonuses |
5 |
2 |
|
|
FBS vs Spreadex: 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.
Spreadex is a CFD and Forex broker that has been operating since 1999. The platform offers clients access to six classes of trading instruments. Here you can trade currency pairs (Forex) and contracts for difference (CFDs) on stocks, bonds, indices, commodities, and ETFs. Spreadex is headquartered in the UK and is regulated by the UK Financial Conduct Authority (FCA). Betting on sports is a secondary activity of the company.
| FBS | Spreadex | |
|---|---|---|
| Overall Pros | A large selection of trading instruments | Tight spreads (from 0.6 pips for EUR/USD). |
| Copyt trading platform | Withdrawal fee - 0%. | |
| $140 no-deposit bonus (not available for EU clients) | Free broker analytics. | |
| Crypto account | 3,500+ trading instruments | |
| Minimum deposit from USD 2. | ||
| Overall Cons | Hihg trading fees | There are no investment instruments. |
| Slow exacution speed | Support is not 24/7. |
FBS vs Spreadex: Safety and Regulation
| Regulated By: | FBS | Spreadex |
|---|---|---|
US Regulation |
No |
No |
FCA (Great Britain) |
No |
Yes |
CySec (Cyprus, EU) |
Yes |
No |
ASIC (Australia) |
Yes |
No |
Other Regulators |
Belize IFSC, license IFSC/000102/310, South Africa - FSCA |
No |
FBS vs Spreadex: Trading Conditions
| Trading Conditions | FBS | Spreadex |
|---|---|---|
Minimum Deposit |
$1 |
$2 |
Trading Platforms |
MetaTrader 4, MetaTrader 5, FBS Trader |
Spreadex (desktop, Android, iOS, Webtrader) |
Max Leverage (Futures) |
401769 |
1-30 |
Supported Markets |
Forex, CFDs on stocks, indices, metals, energies, crypto |
Currency pairs, CFDs on stocks, indices, commodities, bonds, ETFs |
Trading assets |
200+ |
3500+ |
Trading Accounts |
Standard, Cent, ECN, Micro, Zero Spread, Copy Trade |
Standard |
Base Account Currencies |
EUR, USD |
USD, EUR, GBP |
FBS vs Spreadex: Fees
Forex Trading Fees
| Fee | FBS | Spreadex |
|---|---|---|
Standard Account EURUSD Average Spread |
0.8 pips |
1.15 pips |
Standard Account Fee |
$0 |
$0 |
ECN/STP Account Fee |
$6 per lot |
Not supported |
ECN Account EUR Average Spread |
0.2 pips |
Not supported |
CFD Trading Fees
| Fee | FBS | Spreadex |
|---|---|---|
CFD Trading Fee |
US Shares - 0.7%, other markets - folating spread above the average |
Floating spread |
Non-Trading Fees
| Fee | FBS | Spreadex |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
No |
Withdrawal Fee |
1$ Visa, Neteller 2%, min - 1$, max - 30$ fee, Skrill - 1% + 0.32$, PerfectMoney - 0.5% |
No |
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 Spreadex: Trading Assets
| Asset Name | FBS | Spreadex |
|---|---|---|
Overall |
200+ |
3500+ |
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 |
Yes (CFD) |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
No |
No |
Binary Options |
No |
No |
FBS or Spreadex: Investment Programs
| Asset Name | FBS | Spreadex |
|---|---|---|
Copy Trading |
Yes |
No |
MAM/PAMM |
Yes |
No |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: Spreadex or FBS
| FBS | Spreadex | |
|---|---|---|
MT4 |
Yes |
No |
MT5 |
Yes |
No |
cTrader |
No |
No |
Appropriate platform |
FBSTrader |
Spreadex |
Others |
No |
No |
|
|
FBS vs Spreadex: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | FBS | Spreadex |
|---|---|---|
Bank Transfer |
No |
Yes |
Debit Card |
Yes |
Yes |
Electronic Wallets |
Yes |
No |
Crypto |
No |
No |
FBS vs Spreadex: Research
| Research Type | FBS | Spreadex |
|---|---|---|
News Feed |
Yes |
No |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
Yes |
No |
E-Mail Reports |
Yes |
No |
FBS vs Spreadex: Education
| Education Type | FBS | Spreadex |
|---|---|---|
Demo-account/Paper Trading |
Yes |
No |
Webinars |
Yes |
No |
Articles |
Yes |
Yes |
Videos |
Yes |
Yes |
Cent account |
Yes |
No |
Spreadex vs FBS: Support
| Support Features | FBS | Spreadex |
|---|---|---|
Working Days |
24/5 |
8/7 |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Online chat |
Yes |
Yes |
Other |
FB Messenger |
No |
FBS vs Spreadex: Forex Bonuses and Promo
| Promo | FBS | Spreadex |
|---|---|---|
Forex Bonus |
$140 no deposit bonus, up to 100% deposit bonus (Bonuses are not available for EU and UK clients) |
No |
Affiliate Program |
Yes |
|
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 Spreadex
-
Comment
Spreadex is not bad, but it is not suitable for scalping or robot trading. Spreads are high, execution is not very good, and there are still many restrictions. Well, at least there is regulation, and that’s good, but I think that the company is not suitable for large amounts.
-
Comment
- you put it in growth, it immediately falls, creeps down, put it down - immediately turn and in growth! So guys, draw your own conclusions...
-
Comment
The broker's employees are not the most pleasant impression. Whatever question you ask, they don't know. They report in a pattern. It seems to me that in order for me to trust a company, I should not have distrust of its employees. And it has arisen.
-
Comment
The lack of a demo upset me, because I wanted to test the author's Spreadex platform before opening a real account. Unfortunately, you can't bargain for cents either. But I decided to take the risk anyway to work with an FCA regulated broker. There are no deposit requirements - just $ 2 is needed. 30x leverage is enough for me, but it's the maximum if it's important to someone. Now about commissions. I don't trust brokers who promise spreads up to 1 pip without extra. boards. As I expected, Spreadex also indicated the minimum values on its website - 0.6 points was not even in the best scenario. The real spread for the Eurodollar is 1.5-2.5 points. The broker does not charge a commission for withdrawal.
-
Comment
The FCA license gives Spreadex substantial weight, and its longevity as a brokerage company further increases its rating. I have about $35,000 on my account here, I'm not afraid that the broker will throw me off. I trade mainly through a mobile application, I carry out technical analysis on a different platform. All payments go through the bank, and the broker does not take a very large commission. I think it is possible to cooperate with Spreadex.
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.