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eToro vs FBS
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Compare eToro vs FBS Side by Side
Having trouble choosing between eToro and FBS for your trading requirements? Explore our comprehensive eToro Review and FBS Review comparison guide. We delve deep into the critical aspects you need to consider, such as safety protocols, licensing, trading terms, and fee structures. Our guide also evaluates the trading platforms and instruments available with each broker, alongside deposit and withdrawal conditions compared side by side.
Summary
| Feature | eToro | FBS |
|---|---|---|
| Website | //www.etoro.com | //www.fbs.com |
| Founded year | 2006 | 2009 |
| Headquarter | Israel | Belize and Cyprus |
| Licenses | UK, Australia, Cyprus, Seychelles | Australia, Cyprus, Belize, South Africa |
| Minimum Deposit | 50 US$ | US$ 1 |
| Trading Platforms | eToro platform | MT4, MT5, FBS trader, CopyTrade |
| Eurusd avg Spread | 0.97 pip | 0.9 pips |
Licenses
| Feature | eToro | FBS |
|---|---|---|
| Licenses Countries Info (short) |
|
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Both eToro vs FBS are highly regarded brokers, operating with oversight from trusted financial regulatory bodies including ASIC; furthermore, eToro is regulated in the UK. Each holds several top-tier licenses, with offshore branches facilitating their global service provisions. Notably, eToro takes a step further by extending its offerings to US traders.
Broker Types
| Feature | eToro | FBS |
|---|---|---|
| Broker types |
|
|
eToro operates as a Market Maker Broker, which means it facilitates trading by acting as the counterparty to its clients’ trades and offers unique features such as social trading. On the other hand, FBS follows a mix of STP and ECN models, which provides direct access to liquidity providers and often results in faster execution and potentially tighter spreads.
Trading Conditions
| Feature | eToro | FBS |
|---|---|---|
| Trading Conditions |
|
|
eToro and FBS slightly differ in their trading conditions. Both brokers accommodate various trading strategies, including hedging and social trading. However, eToro imposes restrictions on scalping, making FBS a potentially more suitable choice for traders who favor this strategy. On the other hand, FBS doesn’t provide expert advisors.
Fees & Commissions
| Fees & Commissions | eToro | FBS |
|---|---|---|
| Inactivity Feemonth | $10 | $0 |
| Deposit fee | 0$ | $0 |
| Withdrawal fee | 5$ | 0 $ |
| Rollover fee eurusd buy 1 lot | -0.00008269 | -6.69 |
| Rollover fee eurusd sell 1 lot | 0.00001841 | 0.24 |
| Avg Eurusd standard acc | 0.97 pip | 0.9 pips |
| Gold | 4.5 | 15 |
| Brent oil | 5 | 4 pips |
| Bitcoin | 102.71 | 30 |
FBS offers a better fee structure since it doesn’t charge any deposit, withdrawal, or inactivity fees, while eToro charges a $10 inactivity fee and a $5 withdrawal fee. Both brokers offer low trading spreads.
Account Types
| Feature | eToro | FBS |
|---|---|---|
| Account types |
|
|
eToro classifies its account types according to traders’ experience levels and caters to both retail and corporate requirements. In contrast, FBS provides a diverse range of trading accounts offering standard, crypto, pro, and cent accounts, however, the range can slightly vary based on the entity. Additionally, both brokers offer Islamic accounts for traders who adhere to Sharia Law principles.
Markets & Instruments
| Markets & Instruments | eToro | FBS |
|---|---|---|
| Forex | 52 | 43 |
| Indices | 21 | 11 |
| Commodities | 32 | 19 |
| Cryptocurrencies | 74 | 5 |
| Shares | 3203 | 39 |
| Bonds | ❌ | ❌ |
| Options | ❌ | ❌ |
| Binary options | ❌ | ❌ |
| Spread betting | ❌ | ❌ |
| Treasuries | ❌ | ❌ |
| Futures | ❌ | ❌ |
| Etfs | 325 | ❌ |
Trading instruments offered by both eToro vs FBS are quite limited, which make them similar. The number of the assets offered is also small for both brokers. The only advantage is probably that eToro has the advantage in the number of crypto trading offerings over 70 cryptocurrencies to trade
Trading Platforms
| Feature | eToro | FBS |
|---|---|---|
| Platforms |
|
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The platform range of FBS is larger offering industry-standard MT4 and MT5 as well as its proprietary platform tailored to its users with unique features, while eToro offers only its proprietary platform which is more catered to beginners and is not that sophisticated.
Deposit & Withdrawal Methods
| Feature | eToro | FBS |
|---|---|---|
| Payment methods |
|
|
Both eToro and FBS offer a wide array of funding options, encompassing credit/debit cards, and various e-wallets, providing traders with flexibility when it comes to managing their accounts. Nevertheless, eToro stands out by offering a more extensive selection of e-wallet options.
Others
| Feature | eToro | FBS |
|---|---|---|
| Others |
|
|
Both eToro and FBS brokers are highly proficient in delivering outstanding customer support through telephone, live chat, and email channels. FBS holds an advantage in this aspect by offering 24/7 support.
In terms of educational resources, our research shows that FBS somehow offers better educational resources suitable for traders of all levels, additionally, it offers webinars and seminars, enhancing the learning opportunities available to their users.
Conclusion on FBS vs eToro
Concluding eToro vs FBS comparison we found both brokers deliver reliable trading solutions. The offers of these brokers are quite similar, providing similar trading conditions and fees. For scalpers, FBS emerges as the more suitable option given eToro’s restrictions on scalping activities. Education-wise, FBS takes the lead, presenting enriched learning resources that are beneficial for individuals seeking educational support in trading.
Moreover, FBS offers a more diverse range of account options, catering to a variety of traders’ needs and preferences. On the other hand, eToro shines in its extensive instrument offering, notably boasting over 70 cryptocurrencies. Here is our final recommendation:
- eToro — 🥇Best Broker for Crypto Trading for a number of top traders and Best Industry Social Trading Broker
- FBS —
Best Cent Account Broker for offering a perfect option with lower requirements and risks involved.
