FBS vs 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.
|Headquarter||Belize and Cyprus||Cyprus, Australia, Belize|
|Licenses||Australia, Cyprus, Belize, South Africa||Cyprus, Australia, UK, Belize, UAE|
|Minimum Deposit||1 US$||5 US$|
|Trading Platforms||MT4, MT5, FBS trader, CopyTrade||MT4, MT5, XM WebTrader|
|Eurusd avg Spread||0.9 pips||1.6 pips|
|Licenses Countries Info (short)|
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.
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.
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.
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.
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.
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.
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
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.
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.