MTrading vs FBS - Fees Review included
Which broker is better MTrading or FBS? Our expert assessment conducted according to TU’s own methodology showed that MTrading is one of the top brokers in the financial market with the TU Overall Score of 2.99 out of 10. FBS is one of the top brokers in the financial market with the TU Overall Score of 8.98 out of 10. Find out more about TU Overall Score.
| Feature | MTrading | FBS |
|---|---|---|
Overall |
3.5 |
4.3 |
1 |
4.6 |
|
3.8 |
3.9 |
|
3.6 |
4.1 |
|
Investment Instruments |
3.5 |
4.7 |
Platforms and Charting Tools |
3.6 |
4.5 |
Deposit and Withdrawal |
4 |
4.2 |
Research |
3.5 |
3.9 |
Education |
3.5 |
4.2 |
Support |
4.1 |
3.9 |
Bonuses |
4.2 |
5 |
|
|
|
MTrading vs FBS: Pros and Cons
“MTrading” broker is the company that presents its brokerage services in the field of online-trading, giving a possibility to deal with currencies, precious metals, securities, etc. “MTrading” company offers to use up-to-date and advanced software, which will allow you to carry out an efficient trading on the financial markets regardless of your experience.
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.
| MTrading | FBS | |
|---|---|---|
| Overall Pros | Low minimum deposit requirements | A large selection of trading instruments |
| Demo account is free and available | Copyt trading platform | |
| Copy trading avaible | $140 no-deposit bonus (not available for EU clients) | |
| Crypto account | ||
| Overall Cons | Not regulated | Hihg trading fees |
| No cent accounts | Slow exacution speed |
MTrading vs FBS: Safety and Regulation
| Regulated By: | MTrading | FBS |
|---|---|---|
US Regulation |
No |
No |
FCA (Great Britain) |
No |
No |
CySec (Cyprus, EU) |
No |
Yes |
ASIC (Australia) |
No |
Yes |
Other Regulators |
No |
Belize IFSC, license IFSC/000102/310, South Africa - FSCA |
MTrading vs FBS: Trading Conditions
| Trading Conditions | MTrading | FBS |
|---|---|---|
Minimum Deposit |
$1 |
$1 |
Trading Platforms |
MetaTrader 4, MT4 Multiterminal, MT4 Supreme Edition, MT4 Web Trader |
MetaTrader 4, MetaTrader 5, FBS Trader |
Max Leverage (Futures) |
1-1000 |
401769 |
Supported Markets |
Forex, Stocks, Commodities, Indices |
Forex, CFDs on stocks, indices, metals, energies, crypto |
Trading assets |
100+ |
200+ |
Trading Accounts |
Demo, M.Premium, M.Pro |
Standard, Cent, ECN, Micro, Zero Spread, Copy Trade |
Base Account Currencies |
EUR, USD, RUB |
EUR, USD |
MTrading vs FBS: Fees
Forex Trading Fees
| Fee | MTrading | FBS |
|---|---|---|
Standard Account EURUSD Average Spread |
1.2 pips |
0.8 pips |
Standard Account Fee |
$0 |
$0 |
ECN/STP Account Fee |
Not supported |
$6 per lot |
ECN Account EUR Average Spread |
Not supported |
0.2 pips |
CFD Trading Fees
| Fee | MTrading | FBS |
|---|---|---|
CFD Trading Fee |
Floating spread |
US Shares - 0.7%, other markets - folating spread above the average |
Non-Trading Fees
| Fee | MTrading | FBS |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
Visa/Mastercard - 1,5%; Perfect Money - 1%; Wire transfer/Skrill/Neteller - 0% |
No |
Withdrawal Fee |
Visa/Mastercard - 1,5%; Perfect Money - 1%; Wire transfer - 0%; Skrill/Neteller - 3% |
1$ Visa, Neteller 2%, min - 1$, max - 30$ fee, Skrill - 1% + 0.32$, PerfectMoney - 0.5% |
Inactivity Fee |
No |
No |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
MTrading vs FBS: Trading Assets
| Asset Name | MTrading | FBS |
|---|---|---|
Overall |
100+ |
200+ |
Forex |
Yes |
Yes |
Stocks |
Yes (CFD) |
Yes (CFD) |
Metals |
Yes (CFD) |
Yes (CFD) |
Cryptocurrencies |
No |
Yes (CFD) |
Energy |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes (CFD) |
Yes (CFD) |
ETFs |
No |
No |
Bonds |
No |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
No |
No |
Binary Options |
No |
No |
MTrading or FBS: Investment Programs
| Asset Name | MTrading | FBS |
|---|---|---|
Copy Trading |
Yes |
Yes |
MAM/PAMM |
Yes |
Yes |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: FBS or MTrading
| MTrading | FBS | |
|---|---|---|
MT4 |
Yes |
Yes |
MT5 |
No |
Yes |
cTrader |
No |
No |
Appropriate platform |
No |
FBSTrader |
Others |
No |
No |
|
|
|
MTrading vs FBS: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | MTrading | FBS |
|---|---|---|
Bank Transfer |
Yes |
No |
Debit Card |
Yes |
Yes |
Electronic Wallets |
Yes |
Yes |
Crypto |
No |
No |
MTrading vs FBS: Research
| Research Type | MTrading | FBS |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
No |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
No |
Yes |
E-Mail Reports |
No |
Yes |
MTrading vs FBS: Education
| Education Type | MTrading | FBS |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
Yes |
Yes |
Articles |
Yes |
Yes |
Videos |
No |
Yes |
Cent account |
No |
Yes |
FBS vs MTrading: Support
| Support Features | MTrading | FBS |
|---|---|---|
Working Days |
24/7 |
24/5 |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Online chat |
Yes |
Yes |
Other |
No |
FB Messenger |
MTrading vs FBS: Forex Bonuses and Promo
| Promo | MTrading | FBS |
|---|---|---|
Forex Bonus |
Welcome Bonus 30$, Deposit Bonus up to 200%. |
$140 no deposit bonus, up to 100% deposit bonus (Bonuses are not available for EU and UK clients) |
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 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.
Top 5 Reviews on MTrading
-
Comment
Without a doubt, MTrading is reliable. I opened an account there a long time ago and during all this time there was no reason to change the broker. The main thing is that I have withdrawn my profits more than once to different payment systems; depending on the system, withdrawals take from two hours to two days. There are no special complaints regarding trading. There are, however, gaps and slippages. Well, where would we be without them? But I didn’t notice any manipulations on the part of MTrading.
-
Comment
MTrading is one of the oldest brokers and it has a high rating on various platforms. Therefore, many people leave positive reviews of this company. What I personally want to say about MTrading is that its conditions are the same as with others, reliability is also an important aspect for work. I am satisfied with the withdrawal process, because all funds are withdrawn on time and in full.
-
Comment
I tried trading with MTrading twice. The first time, I lost money, but I assumed it was due to my mistakes. However, when I tried trading here again a year later, I realized that the issue was not with me but with the company. The MTrading platform is very slow, making it impossible to open trades quickly. Moreover, the gaps that appear every day can wipe out all trades.
-
Comment
Collaborating with MTrading has caused significant issues. I don't believe this company is focused on providing quality brokerage services. After transferring my funds here, the platform stopped working altogether after three months of trading. I waited for another two months, wrote emails to MTrading's support, but there was no result. Now I've received a message that MTrading has fixed the platform, and trading is possible again. However, I no longer wish to deal with this broker.
-
Comment
Mtrading isn’t licensed by any regulator. Therefore, no one can give you a guarantee that there will be no problems with trading and finance. And there are a lot of problems. I opened an account with Mtrading three months ago and have already lost $250. The broker's trading platform works very slowly and Internet connection often disappears. Therefore, it is impossible to trade profitably. And since the company does not have a regulator, there is no one to complain to.
- Quotex vs MTrading
- Deriv vs MTrading
- MTrading vs Trade Nation
- MTrading vs GlobeX360
- MTrading vs Exness
- MTrading vs Fineco
- MTrading vs Moneta Markets
- MTrading vs Vantage
- MTrading vs BlackBull Markets
- MTrading vs SimpleFX
- MTrading vs London Capital Group (LCG)
- MTrading vs XBTFX
- MTrading vs NAGA
- MTrading vs TeleTrade
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.