FBS vs FXCM

FBS vs FXCM Comparison Table 2023
FBS	FXCM
Review 4.3	Review 3.5
Traders from US not accepted See available CFD brokers	Traders from US not accepted See available CFD brokers
FBS is an award-winning forex and CFD broker based in Cyprus. The broker has a strong global reputation with authorization from the CySEC and ASIC, amongst others regulators. The brand has clients in over 190 countries, attracted by a diverse range of markets, the reputable MetaTrader platforms, plus trading promotions.	FXCM is a respected forex and CFD broker, established since 1999. The British-headquartered broker has won multiple awards and operates in various jurisdictions, including the UK and Australia. With zero commissions, over 400 assets, and a range of analysis tools, FXCM is a popular choice. The broker is also FCA regulated and authorized in Australia and South Africa.
Promotions
FBS: $140 Level Up Bonus FBS Makes Copytrading Risk-Free On Your First Three Trades
Comment by Reviewer
"FBS is a great choice for traders of all experience levels and budgets with a range of account types and access to both MetaTrader 4 and MetaTrader 5."	"FXCM is a top pick for traders deploying automated trading strategies, with four powerful platforms, strategy backtesting and algo trading through APIs. The broker is also great for active traders, with discounted spreads and low to zero commissions on popular assets."
Pros
Great choice of account types including crypto, cent and ECN accounts, with decent spreads at 0.7 pips Trusted broker with top-tier licenses, several notable awards and negative balance protection No commission on deposits or withdrawals and low minimum deposits, ideal for beginners NDD technologies ensure fast order execution within 0.4 seconds and no requotes Comprehensive learning section with tailored courses, webinars and trading ideas MT4 and MT5 platforms, plus a proprietary app with accessible 24/7 support	A choice for 4 powerful platforms including MT4, Capitalise.AI and the broker's proprietary solution Premium support and custom solutions in the Active Trader professional account Excellent trading tools including a market scanner, forex signals and access to reputable research site, eFXplus Strong selection of educational materials including a new trader guide, market outlook reports and free webinars Impressive global regulatory status with 4 reputable licenses with the FCA, ASIC, CySEC and FSCA A range of funding methods including bank cards, Apple Pay and PayPal, with instant processing times
Cons
Fewer account types for EU clients Average spreads on some assets No copy trading	Live chat support is unreliable Not the widest range of assets or trading vehicles
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
Instruments
CFDs, forex, indices, shares, commodities, cryptocurrencies	Stocks, Spreadbetting, CFD, Forex, Crypto
Demo Account
Yes	Yes
Minimum Deposit
$5	$50
Trading Platforms
MT4 MT5	MT4 TradingView eSignal
Payment Methods
AstroPay Credit Card Maestro Mastercard Neteller Rapid Transfer Skrill Visa Wire Transfer	Apple Pay Credit Card Debit Card Google Wallet Klarna PayPal POLi Wire Transfer
Minimum Trade
0.01 Lots	Variable
Regulator
ASIC, CySEC, FSC, FSCA	FCA, CySEC, ASIC.
Margin Trading
Yes	Yes
STP Account
Yes	No
ECN Account
Yes	No
DMA Account
No	No
MAM Account
No	Yes
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
Yes	Yes
Market Maker
No	Yes
P2P Trading
No	No
Spot Trading
Yes	No
Mobile Apps
iOS & Android	iOS and Android
Auto Trading
Expert Advisors (EAs) on MetaTrader
Copy Trading
No	Yes
Copy Trading Platform
	FXCM offers social and copy trading on forex, CFDs and cryptos through the hugely popular ZuluTrade platform. The sign-up process is quick and you can track your performance in real-time.
Social Trading
No	Yes
Trade Signals
MT4 & MT5
VPS Hosting
Yes	No
Tournaments
No	No
Demo Competitions
Yes	Yes
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Islamic Account
Yes	No
Account Currencies
USD EUR	USD EUR GBP CAD AUD ZAR CHF
Stock Exchanges
Australian Securities Exchange CAC 40 Index France DAX GER 40 Index Deutsche Boerse Dow Jones Euronext FTSE UK Index Hong Kong Stock Exchange IBEX 35 Japan Exchange Group London Stock Exchange Nasdaq New York Stock Exchange	Euronext IBEX 35 Russell 2000
Commodities
Gasoline Gold Natural Gas Oil Silver	Cannabis Gold Oil Silver
CFD Trading
Go long or short on an excellent suite of financial markets with leveraged CFDs. Users can choose between three reliable platforms with fast execution, floating spreads from 1 pip and around the clock customer support.	Trade a range of CFD instruments on one of FXCM's multi-asset platforms with fast execution and zero/positive slippage. Daily market analysis can also be used to inform trading decisions.
Leverage
1:30 (EU & Restricted Countries), 1:3000 (Global)	1:30
FTSE Spread
From 0.0	1.18 pts var*
GBPUSD Spread
From 0.6	0.5 pips*
Oil Spread
From 0.0	0.05 (var)*
Stocks Spread
Variable	0.2% Var*
Forex Trading
Trade 35+ popular majors, minors and exotics with tight spreads. FBS also offers an excellent suite of forex market research and education, including news, courses, and daily analysis.	Access over 40 currency pairs with no commissions and low spreads from 0.78 pips for EUR/USD. Forex can also be traded 24/5 on a choice of reliable platforms.
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	0.5 pips var*
EURUSD Spread
From 0.5	0.2 pips var*
EURGBP Spread
From 2.1	0.5 pips var*
Assets
36	40
Currency Indices
	JPY
Cryptocurrency
FBS offers trading on crypto/metal, crypto/crypto or crypto/fiat pairs. A strong selection of pairs are available, including BTC/USD. There is also a dedicated crypto account.	Trade some of world's most popular digital coins with zero commission and leverage up to 1:4. FXCM also stands out for its crypto major basket which offers exposure to Bitcoin, Ethereum, Litecoin and Bitcoin Cash in one trade.
Spread
Floating	Variable
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 LTC BTC
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

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