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FBS vs 7Bforex

FBS vs 7Bforex Comparison Table 2023
FBS 7Bforex
Review
4.3
Review
1.8
United States Flag Traders from US not accepted
United States Flag Traders from US not accepted

FBS is a top online broker offering MT4 & MT5 trading across a range of popular markets. Multiple account tiers and loyalty bonuses are available.

7Bforex is a broker-dealer geared towards Nigerian traders, offering a sign-up bonus and the MT4 platform.

Pros
  • Full range of investments
  • Low minimum deposit
  • MT4 integration
Cons
  • No copy trading
  • Weak regulatory oversight
Awards
  • Best Customer Service Broker WBO 2022
  • Most Reliable Forex Broker MENA 2020
  • Best Social Trading Application MENA 2020
  • Best Mobile Trading Platform Asia 2020
  • Best FX Broker Europe 2019
  • Most Transparent Forex Broker 2018
  • Best Forex Broker Asia 2018
  • Best Safety of Client Funds Asia 2015
Promotions

FBS: $140 Level Up Bonus

FBS Makes Copytrading Risk-Free On Your First Three Trades
Bonus
$100 welcome bonus (only available in certain regions) ₦10,000 Welcome Bonus
Instruments
CFDs, forex, indices, shares, commodities, cryptocurrencies CFDs, Forex, Stocks, Indices, Commodities, Cryptos
Demo Account
Yes Yes
Minimum Deposit
$1 ₦5,000
Payment Methods
Minimum Trade
0.01 lots 0.01 Lots
Regulator
ASIC, CySEC, IFSC, FSCA
Margin Trading
Yes Yes
MetaTrader 4
Yes Yes
MetaTrader 5
Yes No
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
No No
Autochartist
No No
eSignal
No No
Trading Central
No No
STP Account
Yes Yes
ECN Account
Yes No
DMA Account
No No
MAM Account
Yes No
PAMM Account
Yes No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
Yes No
Market Maker
No No
P2P Trading
No No
Spot Trading
Yes No
Mobile Apps
iOS & Android Android
Auto Trading
Yes (EAs) EAs
Copy Trading
No No
Social Trading
No No
Trade Signals
MT4 & MT5
VPS Hosting
Yes No
Tournaments
No Yes
Demo Competitions
Yes No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Islamic Account
Yes No
Account Currencies
  • USD
  • EUR
  • USD
  • NGN
Stock Exchanges
Commodities
CFD Trading
Go long or short on popular financial markets with leveraged CFDs Leveraged CFDs can be used to go long or short on hundreds of popular markets.
Leverage
1:30 EU and restricted countries, 1:3000 rest of the world 1:200 (Default), 1:1000 (Maximum)
FTSE Spread
From 0.0 From 2.1 pips (Standard)
GBPUSD Spread<
From 0.6 From 2.1 pips (Standard)
Oil Spread
From 0.0 From 2.1 pips (Standard)
Stocks Spread
Variable From 2.1 pips (Standard)
Forex Trading
Trade a long list of currencies, including exotics, with competitive spreads Trade a wide range of currency pairs with floating spreads.
Forex App

The FBS Trader app allows clients to manage their finances and speculate on 44 forex pairs, among other assets. Instant deposits are available, as well as one-click trading. Users can also conduct technical analysis via interactive charting with multiple indicators. The app is free to download from the respective app stores.
GBPUSD Spread
From 0.6 From 2.1 pips (Standard)
EURUSD Spread
From 0.5 From 2.1 pips (Standard)
EURGBP Spread
From 2.1 From 2.1 pips (Standard)
Assets
44 60+
Cryptocurrency
FBS offer trading on crypto/metal, crypto/crypto or crypto/fiat pairs. Trade crypto-fiat pairs including major tokens like Bitcoin.
Spread
Floating From 2.1 pips (Standard)
Coins
  • ADA
  • ALG
  • AVA
  • BAT
  • BCH
  • BNB
  • BTC
  • DOG
  • DOT
  • DSH
  • EOS
  • ETC
  • ETH
  • FIL
  • IOT
  • LNK
  • LTC
  • MKR
  • MTC
  • NEO
  • OMG
  • SHB
  • SOL
  • TRX
  • UNI
  • VEC
  • XLM
  • XMR
  • XRPZEC
  • BTC
  • ETH
  • XRP
  • DASH
  • BIT
  • EDO
  • ETP
  • IOTA
  • NEO
  • OMG
  • SAN
  • XMR
  • ZEC
  • EDO
  • LTC
  • TRX
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
Review
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