Quotex vs FBS vs FxPro - Fees Review included
| Feature | Quotex | FBS | FxPro |
|---|---|---|---|
Overall |
2.8 |
4.3 |
4.6 |
1 |
4.6 |
5 |
|
3.3 |
3.9 |
3.9 |
|
3.1 |
4.1 |
4.6 |
|
Investment Instruments |
1 |
4.7 |
4.9 |
Platforms and Charting Tools |
3.9 |
4.5 |
4.2 |
Deposit and Withdrawal |
4.6 |
4.2 |
4.5 |
Research |
1.5 |
3.9 |
4.7 |
Education |
2.3 |
4.2 |
4.6 |
Support |
3.0 |
3.9 |
4.5 |
Bonuses |
3.8 |
5 |
2.5 |
|
|
|
|
Quotex vs FBS vs FxPro: Pros and Cons
QUOTEX is a broker specializing in binary options trading. The company was established in 2019. Its clients can trade currencies, metals, oil, cryptocurrencies, stock indices and earn a profit of up to 90% of the value of the option. QUOTEX has developed a proprietary trading platform which is easily customized, supports 29 technical indicators and allows investments from USD 10. The broker’s team provides support 24/7. Personal and payment information of the clients are protected with two-factor authentication
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.
The FxPro broker was registered in July 2006 in Cyprus. The company’s activities are licensed by financial regulators: CySEC (Cyprus), Bahamas SCB, FCA (UK), and South African FSCA. FxPro is successfully operating in more than 170 countries for retail and institutional clients. The broker has received more than 85 awards, including “Best Forex Trading Platform” and “Best Trading Platform”. FxPro has become known for providing the best trading tools. With FxPro broker, traders can trade more than 70 currency pairs, futures and stocks (Twitter, Apple, Google). The company has stock indices, metals and energy resources at its disposal. FxPro sets high safety standards with the client's funds being kept in large international banks. They are insured and separated from the broker's equity.
| Quotex | FBS | FxPro | |
|---|---|---|---|
| Overall Pros | Affordable minimum investment amount – USD 10 | A large selection of trading instruments | Regulated in EU and Great Britain |
| No trading fees and no deposit, withdrawal and account fees | Copyt trading platform | Big choice of ECN/STP accounts | |
| Algorithmic trading is technically impossible | $140 no-deposit bonus (not available for EU clients) | insurance of client funds | |
| Crypto account | Strong research and education | ||
| PAMM and Copy-trading for investors | |||
| Personal offers for VIP-clients | |||
| Overall Cons | No Regulatory License | Hihg trading fees | High spreads and fees |
| Slow exacution speed | No forex bonuses |
Quotex vs FBS vs FxPro: Safety and Regulation
| Regulated By: | Quotex | FBS | FxPro |
|---|---|---|---|
Max. Regulation Level |
Tier-1 |
Tier-1 |
|
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 |
Quotex vs FBS vs FxPro: Trading Conditions
| Trading Conditions | Quotex | FBS | FxPro |
|---|---|---|---|
Minimum Deposit |
$10 |
$1 |
$100 |
Trading Platforms |
Own platform |
MetaTrader 4, MetaTrader 5, FBS Trader |
MT4, MT5, MultiTerminal |
Max Leverage (Futures) |
Not provided technically |
401769 |
1:500 SCB regulation 1:30 (FCA, CySec regulation) |
Supported Markets |
Currencies, raw materials, stocks |
Forex, CFDs on stocks, indices, metals, energies, crypto |
Forex, CFDs on indices cryptocurrencies, stocks, energy commodities |
Trading assets |
80+ |
200+ |
3000+ |
Trading Accounts |
Single account for binary options trading |
Standard, Cent, ECN, Micro, Zero Spread, Copy Trade |
FxPro MT4 Instant (with fixed spreads), FxPro MT4 Instant (with floating spreads), FxPro MT4 Market, FxPro MT5, FxPro cTrader, VIP-account |
Base Account Currencies |
USD, EUR, GBP, BRL, IDR, MYR, INR, KZT, RUB, THB, UAH, VND, NGN, MXN, EGP |
EUR, USD |
USD, EUR, PLN, GBP, AUD, CHF, JPY, ZAR |
Quotex vs FBS vs FxPro: Fees
| Fee | Quotex | FBS | FxPro |
|---|---|---|---|
Standard acc. spread EUR/USD, min pips |
0,7 |
0,7 |
|
Standard acc. spread EUR/USD, max pips |
1,3 |
1,3 |
|
ECN Commission |
|||
ECN Spread EUR/USD |
|||
Deposit fee, % |
No |
No |
|
Withdrawal fee, % |
No |
No |
|
Withdrawal fee, USD |
No |
No |
|
Inactivity fee, $ |
No |
No |
Quotex vs FBS vs FxPro: Trading Assets
| Asset Name | Quotex | FBS | FxPro |
|---|---|---|---|
Overall |
80+ |
200+ |
3000+ trading assets |
Forex |
Yes |
Yes |
Yes |
Stocks |
Yes (CFD) |
Yes (CFD) |
Yes (CFD) |
Metals |
Yes (CFD) |
Yes (CFD) |
Yes (CFD) |
Cryptocurrencies |
No |
Yes (CFD) |
Yes (CFD) |
Energy |
Yes (CFD) |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes (CFD) |
Yes (CFD) |
Yes (CFD) |
ETFs |
No |
No |
No |
Bonds |
No |
No |
No |
Mutual funds |
No |
No |
No |
Stock options |
No |
No |
No |
Futures Trading |
No |
No |
No |
Binary Options |
No |
No |
No |
Quotex or FBS or FxPro: Investment Programs
| Asset Name | Quotex | FBS | FxPro |
|---|---|---|---|
Copy Trading |
No |
Yes |
Yes |
MAM/PAMM |
No |
Yes |
Yes |
Managed Accounts |
No |
No |
No |
Other |
No |
No |
No |
Trading Platforms: Quotex or FBS or FxPro
| Quotex | FBS | FxPro | |
|---|---|---|---|
MT4 |
No |
Yes |
Yes |
MT5 |
No |
Yes |
Yes |
cTrader |
No |
No |
No |
Appropriate platform |
No |
FBSTrader |
FxPro |
Others |
Own trading platform |
No |
No |
|
|
|
|
Quotex vs FBS vs FxPro: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | Quotex | FBS | FxPro |
|---|---|---|---|
Bank Wire |
Yes |
Yes |
|
Bank Card |
Yes |
Yes |
|
Neteller |
Yes |
Yes |
|
BTC |
No |
No |
|
Wise |
No |
No |
|
Payoneer |
No |
No |
|
USDT |
No |
No |
Quotex vs FBS vs FxPro: Research
| Research Type | Quotex | FBS | FxPro |
|---|---|---|---|
News Feed |
No |
Yes |
Yes |
Fundamental Data |
No |
Yes |
Yes |
Chart Analysis |
No |
Yes |
Yes |
Trading Ideas |
Yes |
Yes |
Yes |
E-Mail Reports |
No |
Yes |
Yes |
Quotex vs FBS vs FxPro: Education
| Education Type | Quotex | FBS | FxPro |
|---|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Yes |
Webinars |
No |
Yes |
Yes |
Articles |
No |
Yes |
Yes |
Videos |
No |
Yes |
Yes |
Cent account |
No |
Yes |
No |
Quotex vs FBS vs FxPro: Support
| Support Features | Quotex | FBS | FxPro |
|---|---|---|---|
Working Days |
24/7 |
24/5 |
24/5 |
No |
Yes |
Yes |
|
Phone |
No |
Yes |
Yes |
Online chat |
No |
Yes |
Yes |
Other |
Feedback form |
FB Messenger |
No |
Quotex vs FBS vs FxPro: Forex Bonuses and Promo
| Promo | Quotex | FBS | FxPro |
|---|---|---|---|
Forex Bonus |
Welcome bonus 30% when opening a real account. Cashback, bonus for using "deal cancellation" |
$140 no deposit bonus, up to 100% deposit bonus (Bonuses are not available for EU and UK clients) |
Not offered |
Affiliate Program |
Yes. Payouts up to 80% of income or up to 7% of referral turnover |
Up to $1.100 per client you introduce to FxPro |
|
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 Quotex
-
Comment
A QuotexBroker é uma plataforma de opções binárias excelente, que se destaca principalmente pela tecnologia presente em toda a plataforma. Os seus gráficos e funcionalidades, profissionais, modernos e limpos, refletem a alta performance dos seus desenvolvedores. Recomendo fortemente a utilização da Quotex para traders avançados e que esperam o máximo de segurança e desempenho nas suas operações.
-
Comment
I found the Quotex interface surprisingly user-friendly. It’s available in six languages, I had no issues using the English version. The app runs fast, especially on Android. Trading is done through the web platform, so there’s no need to download anything. There are 43 instruments available, including 23 currency pairs. I liked that order processing time ranges from 0 to 4 seconds. However, it’s worth noting that stocks aren’t included among the instruments, and there’s no option to set up managed accounts.
-
Comment
Criei a minha conta na Quotex há alguns meses e minha experiência tem sido muito boa. A plataforma é bem limpa e intuitiva, o que foi ótimo pra mim que estava começando e não entendia muito de binarias. A conta demo me ajudou a praticar bastante antes de colocar dinheiro de verdade. Os depósitos e saques (uso o Pix) são bem rápidos e não tive problemas. Recomendo!
-
Comment
"Quotex é uma excelente plataforma para quem busca simplicidade e eficiência no mercado financeiro. Interface intuitiva, funcionalidades incríveis e suporte de qualidade. Perfeita para quem quer transformar conhecimento em resultados!"
-
Comment
I use Quotex as an additional platform, mainly for trading cryptocurrencies and indices. The return is fixed and can reach up to 90% of the stake amount. According to the website, the maximum payout percentage for crypto and indices is up to 25%. I haven’t had any issues with order execution times or the mobile app’s performance. However, the lack of educational materials on the website might be a drawback for some users.
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.
Top 5 Reviews on FxPro
-
Comment
stocks trading with my MT bot, idk why but he is doing a lot better here.
-
Comment
FxPro offers negative balance protection, which can be crucial during periods of high volatility. Spreads on the EUR/USD pair remain within the range of 0.3–0.8 pips. Leverage is available up to 1:500. However, the starting conditions may not suit everyone: the minimum deposit is $100 or the equivalent in other currencies.
-
Comment
cTrader was a new platform. The user interface is complex and takes some time for adaptation. I was surprised how fast orders execute during trading sessions. It probably takes less than 0,01 sec.
-
Comment
I tested FxPro in both demo mode and on a real account with fixed spreads. I didn’t notice much difference in execution — orders open and close consistently. Commissions are no higher than the market average. However, due to the lack of localized analysis, I have to rely on external market sources.
-
Comment
Access to MT4, MT5, and cTrader platforms is a plus. It's convenient to choose between fixed and floating spreads, especially if your strategy requires stable conditions. The company’s capital exceeds €100 million, which inspires trust. However, the broker does not offer PAMM accounts or investment services, so it’s not suitable for passive income.
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.
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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.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.