XM vs FBS - Fees Review included
Which broker is better XM or FBS? Our expert assessment conducted according to TU’s own methodology showed that XM is one of the top brokers in the financial market with the TU Overall Score of 9.1 out of 10. FBS is one of the top brokers in the financial market with the TU Overall Score of 7.33 out of 10. Find out more about TU Overall Score.
| Feature | XM | FBS |
|---|---|---|
Overall |
4.5 |
4.3 |
4.9 |
4.6 |
|
4.3 |
3.9 |
|
4.4 |
4.1 |
|
Investment Instruments |
4.4 |
4.7 |
Platforms and Charting Tools |
4.6 |
4.5 |
Deposit and Withdrawal |
4.7 |
4.2 |
Research |
5 |
3.9 |
Education |
5 |
4.2 |
Support |
4.6 |
3.9 |
Bonuses |
5 |
5 |
|
|
|
XM vs FBS: Pros and Cons
XM Broker was founded in 2009. Initially, the company covered a narrow niche of the trader market, specializing exclusively in intermediary services at the foreign exchange market. It has since experienced considerable success and growth. XM is reliable and safe. It has diversified and is now an international broker operating in almost 190 countries around the world. For over a decade XM Broker has attracted 3,5 million traders, offering unique technological solutions. The company is now being recognised as the Fastest Growing Broker, the Best Forex Service Provider and various other contributing achievements. The team at XM Broker is committed to continually working hard to improve the quality of the services provided every year as they are committed to continually providing the best service to their traders.
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.
| XM | FBS | |
|---|---|---|
| Overall Pros | Well-Regulated broker | A large selection of trading instruments |
| Strong research tools | Copyt trading platform | |
| Strong education | $140 no-deposit bonus (not available for EU clients) | |
| Big Forex bonuses | Crypto account | |
| Free deposit and withdrawal | ||
| Instant withdrawal | ||
| 1000+ trading assets | ||
| Overall Cons | High spreads | Hihg trading fees |
| Slow exacution speed |
XM vs FBS: Safety and Regulation
| XM | FBS | |
|---|---|---|
Max. Regulation Level |
Tier-1 |
Tier-1 |
Investor protection |
£85,000 €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 |
Yes |
No |
BVI FSC |
No |
No |
VFSC |
No |
No |
FSA (Seychelles) |
Yes |
No |
XM vs FBS: Trading Conditions
| Trading Conditions | XM | FBS |
|---|---|---|
Minimum Deposit |
$5 |
$1 |
Trading Platforms |
MT4, MT5 |
MetaTrader 4, MetaTrader 5, FBS Trader |
Max Leverage (Futures) |
1:888, 1:30 (for EU, UK clients) |
401769 |
Supported Markets |
Forex, CFDs on indices, commodities, crypto, metals, stocks |
Forex, CFDs on stocks, indices, metals, energies, crypto |
Trading assets |
1300+ |
200+ |
Trading Accounts |
Micro, Standard, Ultra Low, Zero |
Standard, Cent, ECN, Micro, Zero Spread, Copy Trade |
Base Account Currencies |
USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, ZAR |
EUR, USD |
XM vs FBS: Fees
| XM | FBS | |
|---|---|---|
Standard acc. spread EUR/USD, min pips |
0,7 |
0,7 |
Standard acc. spread EUR/USD, max pips |
1,2 |
1,3 |
ECN Commission |
3,5 |
|
ECN Spread EUR/USD |
0,2 |
|
Deposit fee, % |
No |
No |
Withdrawal fee, % |
No |
No |
Withdrawal fee, USD |
No |
No |
Inactivity fee, $ |
10 |
No |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
XM vs FBS: Trading Assets
| Asset Name | XM | FBS |
|---|---|---|
Overall |
1300+ |
200+ |
Forex |
Yes |
Yes |
Stocks |
Yes |
Yes (CFD) |
Metals |
Yes (CFD) |
Yes (CFD) |
Cryptocurrencies |
Yes (CFD) |
Yes (CFD) |
Energy |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes (CFD) |
Yes (CFD) |
ETFs |
Yes (CFD) |
No |
Bonds |
No |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
No |
No |
Binary Options |
No |
No |
XM or FBS: Investment Programs
| Asset Name | XM | FBS |
|---|---|---|
Copy Trading |
Yes |
Yes |
MAM/PAMM |
No |
Yes |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: FBS or XM
| XM | FBS | |
|---|---|---|
MT4 |
Yes |
Yes |
MT5 |
Yes |
Yes |
cTrader |
No |
No |
Appropriate platform |
No |
FBSTrader |
Others |
No |
No |
|
|
|
XM vs FBS: Deposit and Withdrawal Methods
| XM | FBS | |
|---|---|---|
Bank Wire |
Yes |
Yes |
Bank Card |
Yes |
Yes |
Neteller |
Yes |
Yes |
BTC |
Yes |
Yes |
Wise |
No |
No |
Payoneer |
No |
No |
USDT |
Yes |
Yes |
XM vs FBS: Research
| Research Type | XM | FBS |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
Yes |
Yes |
E-Mail Reports |
Yes |
Yes |
XM vs FBS: Education
| Education Type | XM | FBS |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
Yes |
Yes |
Articles |
Yes |
Yes |
Videos |
Yes |
Yes |
Cent account |
Yes |
Yes |
FBS vs XM: Support
| Support Features | XM | FBS |
|---|---|---|
Working Days |
24/5 |
24/5 |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Online chat |
Yes |
Yes |
Other |
No |
FB Messenger |
XM vs FBS: Forex Bonuses and Promo
| Promo | XM | FBS |
|---|---|---|
Forex Bonus |
up to $5000 forex bonus, up to 100% forex deposit bonus |
$140 no deposit bonus, up to 100% deposit bonus (Bonuses are not available for EU and UK clients) |
Affiliate Program |
Multi tier affiliate program |
|
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
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 XM
-
Comment
I liked that XM Group pays a lot of attention to beginners. The minimum order starts from 0.01 lots, and the margin requirements are clearly stated: margin call at 50%, stop-out at 20%. I opened an account in US dollars, but EUR, GBP, JPY, and many other currencies are also available. Within a month, I earned my first $120 using simple strategies on EUR/USD, and all trades were executed without delays. Another advantage is the detailed educational section and webinars from the broker’s analysts.
-
Comment
XM Group offers convenient support — available five days a week via chat and email. I once had to resolve a verification issue, and everything was handled within 30 minutes. I was pleased with the wide selection of terminals: although all are MetaTrader, there are 16 different versions for various devices. I trade on both my smartphone and laptop without any problems. Another plus is the full report on all commissions and transparent conditions — I’ve never encountered any hidden fees.
-
Comment
Account setup was quick and simple. I choose their MT4 trading app and can say it works pretty well. The execution speed is solid, and the spreads on the standard account are within the standards. Overall it’s been a solid experience and must say that the service here is great…
-
Comment
I discovered XM Group because of their trade copying program through MQL5. It’s very convenient for beginners: the service is integrated into MetaTrader, allowing automatic copying of top traders’ deals. I’m subscribed to one ranked trader myself — the results have been positive for three consecutive months, with an average monthly return of 8–12% at moderate risk. I paid a fixed commission for copying, and after a month, I can opt out — very convenient.
-
Comment
It’s a cool broker and it works really well especially because the support are helpful, professional and available 24/7.
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.