FBS vs XM

FBS
XM

Compare FBS vs XM Side by Side

Selecting between FBS vs XM and would like to see who is better Broker for your trading strategy? We made a detailed comparison between FBS Review and XM Review, compared safety and licenses, trading conditions with fees, trading platforms, instruments, deposit & withdrawal conditions, and all the essential details compared side by side.

Summary

FeatureFBSXM
Website//www.fbs.comhttps://xm.com
Founded year20092009
HeadquarterBelize and CyprusCyprus, Australia, Belize
LicensesAustralia, Cyprus, Belize, South AfricaCyprus, Australia, UK, Belize, UAE
Minimum Deposit1 US$5 US$
Trading PlatformsMT4, MT5, FBS trader, CopyTradeMT4, MT5, XM WebTrader
Eurusd avg Spread0.9 pips1.6 pips

Licenses

FeatureFBSXM
Licenses Countries Info (short)
  • ASIC
  • CySEC
  • FSCA
  • IFSC
  • ASIC
  • CySEC
  • DFSA
  • FCA
  • IFSC

FBS vs XM Brokers are both based and regulated in Cyprus and additionally holding offshore licenses. Also, both brokers hold Australian license which helps them to strengthen international offer and proves brokers’ reliability.

Broker Types

FeatureFBSXM
Broker types
  • ECN
  • STP
  • NDD
  • ECN
  • STP
  • NDD

Both FBS vs XM Brokers are STP/NDD/ECN Brokers making them equal. STP/NDD Brokers are better for price transparency, while ECN ones are offering high efficiency for automated trading and a variety of strategies suitable for both retail or institutional traders.

Trading Conditions

FeatureFBSXM
Trading Conditions
  • beginners
  • low spread
  • high leverage
  • copy trade
  • hedging
  • scalping
  • social trading
  • beginners
  • commission
  • fixed spread
  • tight spread
  • expert advisor
  • hedging
  • scalping

FBS vs XM provide relatively similar trading conditions both being suitable for beginners and giving them opportunities to use different trading strategies such as hedging and scalping. The advantage of FBS’s offer are social and copy trading options which allow to follow different strategies available through the community or in the market place.

Fees & Commissions

FeatureFBSXM
Inactivity Feemonth0 $0 $
Deposit fee0 $0 $
Withdrawal fee0 $0 $
Rollover fee eurusd buy 1 lot-6.69-0.083
Rollover fee eurusd sell 1 lot0.24-0.543
Avg Eurusd standard acc1 pips1.6 pips
Gold1535
Brent oil4 pips5 pips
Bitcoin3060

Trading costs for FBS vs XM are very similar, as both brokers do not charge any inactivity and deposit/withdrawal fees, making them more attractive for traders. As to the spreads, FBS has a slight advantage here for offering lower spreads.

Account Types

FeatureFBSXM
Account types
  • Standard Account
  • Cent Account
  • Swap Free Account
  • Standard Account
  • Micro Account
  • Islamic Account

Both FBS and XM work through Standard Accounts. Also, traders following Sharia rules may sign for a SWAP Free Account or Islamic account, which allows traders to open long-term positions. This option is available for both FBS and OctaFX traders. Same with the Micro (for XM) and Cent (for FBS) Accounts that are generally more suitable for the beginners due to their much lower requirements and risks involved.

Markets & Instruments

FeatureFBSXM
Forex4355
Indices1128
Commodities1915
Cryptocurrencies5
Shares39600
Bonds
Options
Binary options
Spread betting
Treasuries
Futures
Etfs

Trading instruments offered by both FBS vs XM 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 FBS also have Cryptocurrencies in its portfolio.

Trading Platforms

FeatureFBSXM
Platforms
  • own platform
  • MetaTrader 4
  • MetaTrader 5
  • MetaTrader 4
  • MetaTrader 5
  • WebTrader

Both Brokers offering good choice of platform including proprietary Trading Platform and popular MT4, MT5. FBS has a CopyTrade App which is a highly rewarded and regarded social trading platform and we consider it an advantage.

Deposit & Withdrawal Methods

FeatureFBSXM
Payment methods
  • credit card
  • debit card
  • neteller
  • skrill
  • credit card
  • debit card
  • neteller
  • skrill
  • webmoney
  • western union

FBS vs XM deposit methods are similar, range of supported methods are alike. The only difference is that XM supports more payment options, more e-wallets.

Others

FeatureFBSXM
Others
  • Webinar
  • Video Tutorial
  • telephone
  • live chat
  • 24/7 availability
  • Webinar
  • Seminar
  • Video Tutorial
  • telephone
  • live chat
  • 24/5 availability

Both FBS vs XM brokers placed their orientation on good support and guidance , you will find their Customer Support available 24-hours and accessible either through live chat, international phone lines, email. As to the education materials, FBS education is quite sustainable and well organized, also, with XM you may count on a quality learning defined also by your level, which includes Live Education offerings, Educational Videos, Forex Webinars.

Conclusion on FBS vs XM

Concluding FBS vs XM comparison we found both brokers deliver reliable trading solutions. The offers of these brokers are quite similar, providing similar trading conditions and fees, a very similar set of the account types and payment methods. However, FBS offers lower spread and provides access to social trading platform giving an advantage to its traders and to the broker itself. Here is our final recommendation:

  • FBS – 🥇Best Cent Account Broker for offering a perfect option with lower requirements and risks involved.
  • XM🥇Best Best Micro Account Broker for Beginners for bringing opportunity to trade with lower margin and investment.