Robinhood vs FBS
Robinhood Review 2023 | FBS Review 2023 |
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0.9
Robinhood is #36 in our broker rankings.
We do not recommend trading with Robinhood. Their business practices have harmed traders and their "free" trading offer has been criticized for actually costing their traders millions of dollars.
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4.3
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Robinhood is an American stock broker and financial services firm based in California. The broker offers commission-free stocks, cryptos and ETFs, plus other products such as cash cards and retirement accounts. Despite its robust US regulation, Robinhood has been involved in numerous scandals and security breaches since 2020. We urge investors to exercise caution. |
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. |
Bonus Offer | |
$100 welcome bonus (only available in certain regions) | |
Promotions | |
Comment by Reviewer | |
"Robinhood is aimed at traders looking for stocks and crypto investing opportunities with additional perks. However, the brokerage's recent business practices mean the brand isn't a good option if you want a reliable and trustworthy broker." | "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." |
Pros | |
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Cons | |
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Awards | |
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Instruments | |
Stocks, Options, Crypto, ETFs | CFDs, forex, indices, shares, commodities, cryptocurrencies |
Demo Account | |
No | Yes |
Minimum Deposit | |
$0 | $1 |
Trading Platforms | |
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Payment Methods | |
Minimum Trade | |
$10 | 0.01 Lots |
Regulator | |
SEC | ASIC, CySEC, IFSC, FSCA |
Margin Trading | |
No | Yes |
Margin Rate | |
2.5% | |
STP Account | |
No | Yes |
ECN Account | |
No | Yes |
DMA Account | |
No | No |
MAM Account | |
No | Yes |
PAMM Account | |
No | Yes |
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 | |
No | Yes |
Mobile Apps | |
iOS, Android and Windows | iOS & Android |
Auto Trading | |
Expert Advisors (EAs) on MetaTrader | |
Copy Trading | |
No | No |
Social Trading | |
No | No |
Trade Signals | |
MT4 & MT5 | |
VPS Hosting | |
No | Yes |
Tournaments | |
No | No |
Demo Competitions | |
No | Yes |
Ethical Investing | |
No | No |
Custodial Account | |
No | No |
Guaranteed Stop Loss | |
No | No |
Islamic Account | |
No | Yes |
Account Currencies | |
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Stock Exchanges | |
Commodities | |
CFD Trading | |
CFD trading not offered | 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. |
Leverage | |
1:2 | 1:30 (EU & Restricted Countries), 1:3000 (Global) |
FTSE Spread | |
N/A | From 0.0 |
GBPUSD Spread | |
N/A | From 0.6 |
Oil Spread | |
From 0.0 | |
Stocks Spread | |
0.3% Var | Variable |
Forex Trading | |
Forex trading not offered | Trade 40+ 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 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. |
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GBPUSD Spread | |
From 0.6 | |
EURUSD Spread | |
From 0.5 | |
EURGBP Spread | |
From 2.1 | |
Assets | |
44 | |
Cryptocurrency | |
Access 18 crypto assets through the Robinhood app with no commission fees, including access to Bitcoin. On the negative side, the selection is not as wide as other brands and security is weak. | FBS offers trading on crypto/metal, crypto/crypto or crypto/fiat pairs. A strong selection of 60+ pairs are available, including BTC/USD and BTC/XAU. There is also a dedicated crypto account. |
Spread | |
0% | Floating |
Coins | |
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Crypto Lending | |
No | No |
Crypto Mining | |
No | No |
Crypto Staking | |
No | No |
Auto Market Maker | |
No | No |
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More Comparisons | |
Robinhood vs |
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