Robinhood vs FBS

Robinhood vs FBS Comparison Table 2023
Robinhood Review 2023	FBS Review 2023
Review 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.	Review 4.3
Traders from US accepted	Traders from US not accepted See available CFD brokers
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
	FBS: $140 Level Up Bonus FBS Makes Copytrading Risk-Free On Your First Three Trades
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
Crypto trading available with no commission fees and a low minimum deposit of $1 Intuitive mobile trading app with 24/7 live support and in-app stock market news Robinhood's 'Snacks' newsletter offers bite-sized financial news updates suitable for beginners Interesting podcast hosted by the CEO and co-founder, covering topics such as blockchain and financial empowerment Robinhood Cash Card offers weekly bonuses invested into stocks and crypto, as well as cashback on popular brands Receive NFTs on the Polygon and Ethereum network and connect to decentralized applications via your Robinhood wallet	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
Cons
Not available outside the US Limited research and education tools compared to other brands Previous lawsuits and negative press surrounding the firm's controversial business practices Despite the actual app showing quote data in real-time, data may be delayed by up to 20 minutes Robinhood does not support advanced order types or options trades, while limit orders are collared up to 5% The broker falls short in terms of in-depth analysis and research tools, which may deter novice traders Concerning history of security breaches	Fewer account types for UK and EU clients Average spreads on some assets No copy trading
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
Stocks, Options, Crypto, ETFs	CFDs, forex, indices, shares, commodities, cryptocurrencies
Demo Account
No	Yes
Minimum Deposit
$0	$1
Trading Platforms
Own	MT4 MT5
Payment Methods
ACH Transfer Apple Pay Automated Customer Account Transfer Service Credit Card Debit Card Google Wallet	AstroPay Credit Card Maestro Mastercard Neteller Rapid Transfer Skrill Visa Wire Transfer
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
	USD EUR
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
Commodities
	Gasoline Gold Natural Gas Oil Silver
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.
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
BTC ETH BCH LTC SOL DOGE BTG OMG XMR QTUM DASH XRP XLM ZEC NEO LSK	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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