FBS vs Wahed Invest

FBS vs Wahed Invest Comparison Table 2023
FBS	Wahed Invest
Review 4.3	Review 3.1 Wahed Invest is #38 in our broker rankings.
Traders from US not accepted See available CFD brokers	Traders from US accepted
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.	Wahed Invest is an ethical investment platform and robo-advisor aimed at Muslim investors. The firm is overseen by the Sharia Review Bureau, offering a range of stocks, ETFs, sukuk and gold. With a reasonable $100 minimum deposit and strong regulatory oversight, the firm has become an accessible option for over 200,000 investors.
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."	"Wahed Invest is a great option for Muslim traders looking to invest in ethical securities with straightforward pricing and flexible risk parameters."
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	Commitment to ethical investing with rigorous screenings, plus Waqf practices to ensure income generated from assets is donated The broker's fee covers all custodian fees and transaction fees and traders are never charged for account balances of zero Strong regulation by the SEC in the US and the FCA in the UK, plus membership with the Shariah Review Bureau Six flexible investment portfolio styles, from Very Conservative to Very Aggressive, plus a rebalancing service Engaging blog featuring Islamic finance education and awareness, updated regularly
Cons
Fewer account types for EU clients Average spreads on some assets No copy trading	Platform is not as advanced as other competitors Higher fees than other investment firms Bank card funding not available $100 minimum withdrawal No live chat support
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, Sukuk, Gold
Demo Account
Yes	No
Minimum Deposit
$5	$100
Trading Platforms
MT4 MT5	Own
Payment Methods
AstroPay Credit Card Maestro Mastercard Neteller Rapid Transfer Skrill Visa Wire Transfer	Wire Transfer
Minimum Trade
0.01 Lots	Variable
Regulator
ASIC, CySEC, FSC, FSCA	SEC, SRB
Margin Trading
Yes	No
STP Account
Yes	No
ECN Account
Yes	No
DMA Account
No	No
MAM Account
No	No
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	Yes
Negative Balance Protection
Yes	No
Market Maker
No	No
P2P Trading
No	No
Spot Trading
Yes	No
Mobile Apps
iOS & Android	iOS & Android
Auto Trading
Expert Advisors (EAs) on MetaTrader	Robo-advisor
Copy Trading
No	No
Social Trading
No	No
Trade Signals
MT4 & MT5
VPS Hosting
Yes	No
Tournaments
No	No
Demo Competitions
Yes	No
Ethical Investing
No	Yes
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Islamic Account
Yes	Yes
Account Currencies
USD EUR	USD GBP MYR
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	Dow Jones Nasdaq
Commodities
Gasoline Gold Natural Gas Oil Silver	Gold
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.	CFD trading not offered
Leverage
1:30 (EU & Restricted Countries), 1:3000 (Global)
FTSE Spread
From 0.0
GBPUSD Spread
From 0.6
Oil Spread
From 0.0
Stocks Spread
Variable
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.	Forex trading not offered
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
EURUSD Spread
From 0.5
EURGBP Spread
From 2.1
Assets
36
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.	Crypto trading not offered
Spread
Floating
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
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

Review	Review
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