NordFX vs FBS

NordFX vs FBS Comparison Table 2024
NordFX FBS
3.5
4.3
United States Flag Traders from US not accepted
United States Flag Traders from US not accepted

Founded in 2008, NordFX is an offshore CFD broker offering forex, stock, commodities, indices and crypto trading to over 1.7 million clients in 190 countries. Traders access markets through the MetaTrader 4 platform and benefit from low commissions, spreads from zero and decent extra features. Minimum deposits start from just $10 and very high leverage is available up to 1:1000.

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 17 million clients in over 190 countries, attracted by a diverse range of markets and the reputable MetaTrader platforms.

Customer Reviews
5
Bonus Offer
Pro accounts can participate in the 100,000 USD Super Lottery
Promotions

FBS: $140 Level Up Bonus

FBS Makes Copytrading Risk-Free On Your First Three Trades

Comment by Reviewer
"NordFX's biggest advantages are available to upper-tier account holders, so this is a good option for experienced, higher volume traders looking for ECN, zero-spread trading. That said, the lack of regulation is a notable concern and the broker's market coverage is weak compared to alternatives." "FBS is a great choice for traders of all experience levels and budgets with various account types, plus MetaTrader 4 and MetaTrader 5 access. That said, the broker's Cent account and intensive forex course will be particularly beneficial for beginners."
Pros
  • NordFX continues to offer decent trading terms for seasoned day traders in the Zero ECN account, with a reasonable $500 barrier for entry
  • The broker offers some extra features to enhance the trading experience, including in-depth market analysis and educational resources
  • The straightforward copy trading service will suit beginners or improving traders, with just a $100 minimum deposit to get started
  • There's an impressive 25+ payment methods, including local bank transfers, with zero fees and near-instant processing
  • There’s a good range of day trading tools available, including a VPS, calculators, live signals and an economic calendar
  • The FIX and Pro accounts will serve beginners, with minimum deposits at $10 and $100, respectively
  • There’s a great choice of account types for short-term traders including crypto, cent and ECN options, with decent forex spreads at 0.7 pips
  • FBS maintains its position as a trusted European broker with top-tier licenses, several awards and negative balance protection for clients
  • The MetaTrader terminals deliver a comprehensive day trading environment at FBS, including up to 21 timeframes and 6 pending orders
  • The commission-free payment methods and low minimum deposits make the broker ideal for beginners or those on a lower budget
  • The broker’s NDD technology ensures fast order execution within 0.4 seconds and no requotes
  • There’s a comprehensive learning section with tailored courses, webinars and trade ideas
Cons
  • Minimum spreads in the Standard account are 2 pips, which is wider than equivalent accounts at many competitors - Vantage, for example, offers minimum quotes from 1.1 pips
  • With only around 100 instruments, NordFX’s market coverage is uncompetitive vs most alternatives
  • The lack of strong regulatory oversight is a major concern as clients will receive limited safeguards
  • There’s no copy trading solution which would offer an alternative way to trade and is offered at many top competitors like Skilling
  • Account availability, platform access and market coverage all vary by jurisdiction
  • There's a limited range of assets overall, including only 35+ currency pairs
Awards
  • Best Social Trading Network 2021 - Forex Awards
  • Best Affiliate Program 2021 - Forex Awards
  • Best Customer Support 2021 - Forex Traders Association
  • The Most Transparent Broker 2021 - World Forex Award
  • 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
Forex, CFDs, indices, commodities, cryptos, stocks CFDs, forex, indices, shares, commodities, cryptocurrencies
Demo Account
Yes Yes
Minimum Deposit
$10 $5
Trading Platforms
  • MT4
  • MT4
  • MT5
Payment Methods
Minimum Trade
$1 0.01 Lots
Regulator
ASIC, CySEC, FSC, FSCA
Margin Trading
Yes Yes
STP Account
No Yes
ECN Account
Yes Yes
DMA Account
No No
MAM Account
No 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
No Yes
Market Maker
No No
P2P Trading
No No
Spot Trading
Yes Yes
Mobile Apps
iOS & Android iOS & Android
App Review

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.

Android App Rating
4.4
4.9
iOS App Rating
4.8
4.6
Auto Trading
Expert Advisors (EAs) on MetaTrader Expert Advisors (EAs) on MetaTrader
Copy Trading
Yes No
Copy Trading Platform
You can copy the trades of experienced investors using real-time signals. You only pay a fee on winning trades, starting from 10%. New subscribers can also get started with a competitive $100 minimum deposit.
Social Trading
Yes No
Trade Signals
Yes (via MetaQuotes Software Corp - MT4) MT4 & MT5
VPS Hosting
Yes Yes
Tournaments
No No
Demo Competitions
Yes Yes
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Islamic Account
No Yes
Account Currencies
  • USD
  • USD
  • EUR
Stock Exchanges
Commodities
CFD Trading
CFDs are available on forex, stocks, indices, metals, oil and cryptos, with support on MT4. Execution speeds are also decent, averaging 0.5 seconds, though there is also a VPS service facilitating 24/7 connectivity for algo strategies. You can go long or short on a decent suite of financial markets with leveraged CFDs. Users can choose between three reliable platforms with over 50 indicators and charting tools, plus fast market execution from 0.3 seconds.
Leverage
1:1000 1:30 (EU & Restricted Countries), 1:3000 (Global)
FTSE Spread
- From 0.0
GBPUSD Spread
From 0.1 From 0.6
Oil Spread
From 0.0 From 0.0
Stocks Spread
From 0.0 Variable
Forex Trading
NordFX offers a modest range of 33 major and minor forex pairs. Disappointingly, there are no exotic pairs, though traders do benefit from tight spreads from 0.0 pips and low commissions from 0.0035% per side. FBS offers a below-average range of 35+ majors, minors and exotics. That said, spreads are fairly competitive, averaging 0.7 pips for EUR/USD in the Standard account. There’s also an excellent range of forex market resources and tools on offer, including calculators and an intensive forex course.
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 0.4 From 0.6
EURUSD Spread
From 0.0 From 0.5
EURGBP Spread
From 0.2 From 2.1
Assets
33 36
Cryptocurrency
NordFX offers 13 leveraged cryptocurrency CFDs paired with USD, including BTC, DOGE, LINK and ETH. The selection is small, although high leverage up to 1:1000 is available and there’s also a crypto base currency savings account with daily interest payouts. FBS offers trading on crypto/metal, crypto/crypto or crypto/fiat pairs, making the broker a great pick for traders looking to diversify their digital asset portfolios. Spreads are also decent, averaging around 20.0 for BTC/USD.
Spread
From 1.0 Floating
Coins
  • BTC
  • ETH
  • DSH
  • BAB
  • BSV
  • XRP
  • ZEC
  • EOS
  • ETC
  • LTC
  • OMG
  • 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
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