FBS vs WelTrade - Fees Review included
Which broker is better FBS or WelTrade? 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. WelTrade is one of the top brokers in the financial market with the TU Overall Score of 7.02 out of 10. Find out more about TU Overall Score.
| Feature | FBS | WelTrade |
|---|---|---|
Overall |
4.3 |
4.2 |
4.6 |
3.5 |
|
3.9 |
4.1 |
|
4.1 |
3.8 |
|
Investment Instruments |
4.7 |
4.4 |
Platforms and Charting Tools |
4.5 |
4.5 |
Deposit and Withdrawal |
4.2 |
5 |
Research |
3.9 |
4 |
Education |
4.2 |
3.8 |
Support |
3.9 |
4.6 |
Bonuses |
5 |
4.3 |
|
|
|
FBS vs WelTrade: 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.
Weltrade is an international broker. It has been in operation since 2006 and has offices in 18 countries that serve over 100,000 traders worldwide. The Company provides a full range of active trading services and also supports auto-trading. Weltrade has repeatedly proven its responsibility and professionalism. According to the 2019 Asia Forex Expo, the company received the “Best Foreign Broker” award; and in 2017, it was awarded the “Broker with the Best Client Support” title. In 2015, the Weltrade broker won the "Best Affiliate Program” nomination.
| FBS | WelTrade | |
|---|---|---|
| Overall Pros | A large selection of trading instruments | beneficial trading conditions |
| Copyt trading platform | a wide range of financial instruments for trading: currency pairs, indices, stocks, goods, cryptocurrencies | |
| $140 no-deposit bonus (not available for EU clients) | ability to open different types of accounts, depending on clients’ goals and expertise | |
| Crypto account | individual account for cryptocurrency trading | |
| several services for successful traders’ transactions, such as copying; ZuluTrade & MQL5, as well as access to robots and ready indices | ||
| regular promotions and contests for traders | ||
| Overall Cons | Hihg trading fees | no PAMM investments |
| Slow exacution speed | withdrawals can take up to 30 minutes |
FBS vs WelTrade: Safety and Regulation
| FBS | WelTrade | |
|---|---|---|
Max. Regulation Level |
Tier-1 |
Tier-2 |
Investor protection |
€20,000 |
No |
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 |
Yes |
BVI FSC |
No |
No |
VFSC |
No |
No |
FSA (Seychelles) |
No |
No |
FBS vs WelTrade: Trading Conditions
| Trading Conditions | FBS | WelTrade |
|---|---|---|
Minimum Deposit |
$1 |
$25 |
Trading Platforms |
MetaTrader 4, MetaTrader 5, FBS Trader |
MetaTrader 4, MetaTrader 5, MetaTrader 4 MultiTerminal, WebTrader |
Max Leverage (Futures) |
401769 |
1-1000 |
Supported Markets |
Forex, CFDs on stocks, indices, metals, energies, crypto |
Forex, metals, CFD shares, indices, goods, cryptocurrencies |
Trading assets |
200+ |
200+ |
Trading Accounts |
Standard, Cent, ECN, Micro, Zero Spread, Copy Trade |
Demo, Micro, Premium, Pro, ZuluTrade, and Crypto |
Base Account Currencies |
EUR, USD |
USD, EUR |
FBS vs WelTrade: Fees
| FBS | WelTrade | |
|---|---|---|
Standard acc. spread EUR/USD, min pips |
0,7 |
0,5 |
Standard acc. spread EUR/USD, max pips |
1,3 |
0,9 |
ECN Commission |
||
ECN Spread EUR/USD |
||
Deposit fee, % |
No |
No |
Withdrawal fee, % |
No |
0,5-2 |
Withdrawal fee, USD |
No |
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 WelTrade: Trading Assets
| Asset Name | FBS | WelTrade |
|---|---|---|
Overall |
200+ |
200+ |
Forex |
Yes |
Yes |
Stocks |
Yes (CFD) |
Yes (CFD) |
Metals |
Yes (CFD) |
Yes |
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 WelTrade: Investment Programs
| Asset Name | FBS | WelTrade |
|---|---|---|
Copy Trading |
Yes |
Yes |
MAM/PAMM |
Yes |
No |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: WelTrade or FBS
| FBS | WelTrade | |
|---|---|---|
MT4 |
Yes |
Yes |
MT5 |
Yes |
Yes |
cTrader |
No |
No |
Appropriate platform |
FBSTrader |
No |
Others |
No |
Webtrader |
|
|
|
FBS vs WelTrade: Deposit and Withdrawal Methods
| FBS | WelTrade | |
|---|---|---|
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 WelTrade: Research
| Research Type | FBS | WelTrade |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
Yes |
No |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
Yes |
No |
E-Mail Reports |
Yes |
No |
FBS vs WelTrade: Education
| Education Type | FBS | WelTrade |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
Yes |
Yes |
Articles |
Yes |
No |
Videos |
Yes |
Yes |
Cent account |
Yes |
No |
WelTrade vs FBS: Support
| Support Features | FBS | WelTrade |
|---|---|---|
Working Days |
24/5 |
24/7 |
Yes |
No |
|
Phone |
Yes |
Yes |
Online chat |
Yes |
Yes |
Other |
FB Messenger |
No |
FBS vs WelTrade: Forex Bonuses and Promo
| Promo | FBS | WelTrade |
|---|---|---|
Forex Bonus |
$140 no deposit bonus, up to 100% deposit bonus (Bonuses are not available for EU and UK clients) |
No |
Affiliate Program |
For each invited trader, the client can receive $10 |
|
Other Promos |
By activating the option in the personal account, a trader can receive a cashback of up to $15 per lot |
Bonus of 100% with each replenishment of the trade account with the amount of USD/EUR 200. |
|
|
|
Top 5 Reviews on WelTrade
-
Comment
I came across WELTRADE while looking for a broker with a wide range of trading instruments — they truly offer over 50 currency pairs, plus metals, crypto, CFDs on stocks, and commodities. The minimum deposit for a Micro account is just $1, so I decided to test the platform with minimal risk. After three weeks of trading, I managed to earn a little over $30 on the EUR/USD pair. I really liked the floating spread, which ranges from 0.2 to 2.9 pips — even during news releases, the widening isn’t as extreme as I’ve seen with previous brokers.
-
Comment
I was attracted by the possibility to compensate part of the costs through MOFT rebate. On Micro and Premium accounts the rebate reaches 0.45-0.48 USD per lot, on Pro - 0.07-0.33 USD. For those who open 10 or more trades per day, the savings are tangible. Example: 15 trades per day with 1 lot and a spread of 2 points can return up to $12 only for a day. A real way to reduce costs when trading frequently.
-
Comment
I participated in the WELTRADE affiliate program — it offers three tiers: Standard, Professional, and Expert, with commission based on trading volume. The terms are transparent: from 5% per referred client, plus access to banners, landing pages, and detailed stats. I also liked that partners earn from the activity of second- and third-level clients. For those focused on client acquisition, there are real monetization tools available.
-
Comment
I started collaborating with the broker Weltrade when I became interested in cryptocurrency. Here, speculative trading was offered on the MT4 platform. Of course, with such trading, there was no actual purchase of cryptocurrency, but speculations, especially with margin trading, attracted me. Later on, I started trading with regular currency pairs as well. I consider Weltrade to be a decent company.
-
Comment
Weltrade cannot be trusted. They tell beautiful stories and offer favorable conditions. But in fact, weltrade does everything to ensure that your money stays with them forever. I traded here for four months and lost my entire deposit due to technical glitches. Nobody returned my money.
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.