xCube vs FBS

xCube vs FBS Comparison Table 2024
xCube FBS
2
4.3
United States Flag Traders from US not accepted
United States Flag Traders from US not accepted

xCube is an investing app that gives traders from the UAE access to the Dubai Financial Market. Users can trade stocks and futures with low commissions and no deposit fees. Clients can also subscribe to IPOs. xCube LLC was established in 2022 and is regulated by the UAE Securities & Commodities Authority.

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.

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Comment by Reviewer
"xCube is best for beginners looking to invest in the Dubai Financial Market with a simple app and no minimum deposit." "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
  • Competitive fees and margin rates with no commission on futures
  • Beginner-friendly app with daily news and watchlists
  • Authorized by the Securities & Commodities Authority
  • DFM futures trading and leverage up to 1:2
  • You can open an account in 4 easy steps
  • No deposit and withdrawal fees
  • Direct access to IPOs
  • 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
  • Narrow range of products with limited global assets
  • App lacks advanced charts and analysis tools
  • Available to investors in the UAE only
  • Equities and futures trading only
  • No free demo account
  • Relatively new brand
  • 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 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, Futures, IPOs CFDs, forex, indices, shares, commodities, cryptocurrencies
Demo Account
No Yes
Minimum Deposit
$0 $5
Trading Platforms
  • Own
  • MT4
  • MT5
Payment Methods
Minimum Trade
$0 0.01 Lots
Regulator
UAE Securities and Commodities Authority, DFM ASIC, CySEC, FSC, FSCA
Margin Trading
Yes Yes
STP Account
No Yes
ECN Account
No Yes
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 No
Negative Balance Protection
No Yes
Market Maker
Yes No
P2P Trading
No No
Spot Trading
No 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
4.9
iOS App Rating
4.6
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
  • AED
  • USD
  • EUR
Stock Exchanges
Commodities
CFD Trading
CFD trading not offered 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
1:30 (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
Forex trading not offered 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 0.6
EURUSD Spread
From 0.5
EURGBP Spread
From 2.1
Assets
36
Cryptocurrency
Crypto trading not offered 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
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
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