Compare Brokers
We help you pick the best broker for your needs with our broker comparison tool. Select 2 brokers and see exactly what makes them different.
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XM
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FBS
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XM is a global forex and CFD broker with over 15 million clients in more than 190 countries. Since 2009, it has offered low trading fees on over 1000 instruments. The broker is well-regulated by authorities such as ASIC, CySEC, DFSA, and SCA in the UAE, and provides a full MetaTrader experience. | Founded in 2009, FBS is a celebrated CFD broker active in more than 150 countries, serving over 27 million traders. Traders receive around-the-clock support, including market analysis, trading calculators, and competitive pricing without any commissions. | |
| Instruments | CFDs, Forex, Stocks, Commodities, Indices, Thematic Indices, Precious Metals, Energies | CFDs, Forex, Indices, Shares, Commodities |
| Demo Account | ✓ | ✓ |
| Minimum Deposit | $5 | $5 |
| Trading Platforms | MT4, MT5, TradingCentral | FBS App, MT4, MT5 |
| Payment Methods | Apple Pay, Credit Card, Debit Card, Google Wallet, M-Pesa, Neteller, Perfect Money, Skrill, TransferWise, Visa, Wire Transfer | AstroPay, Bitwallet, Credit Card, Debit Card, Doku Wallet, FasaPay, JCB Card, M-Pesa, Maestro, Mastercard, Neteller, Perfect Money, PIX Payment, Rapid Transfer, Skrill, Sticpay, Visa, Wire Transfer |
| Minimum Trade | 0.01 Lots | 0.01 Lots |
| Regulator | CySEC, DFSA, SCA, FSCA, FSA, FSC Belize, FSC Mauritius, CMA | ASIC, CySEC, FSC |
| Account Currencies | USD, EUR, GBP, JPY | USD, EUR |
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| Mobile Apps | iOS, Android & Windows | iOS & Android |
| App Review | XM provides a mobile app for Android and iOS, optimized for each system. The app includes MT4 and MT5, offering full access to over 1,000 instruments. It is highly reliable with minimal issues. Built-in news, trading journal, and push notifications equip you with all the necessary tools for trading on the go. | FBS offers an intuitive app for traders of all levels, available on Android and iOS. It is user-friendly with quick trade execution speeds starting at 0.01 seconds, giving excellent control over trading strategies. Experienced traders will benefit from support for MetaTrader 4 (MT4) and MetaTrader 5 (MT5) apps, which include advanced charting and Expert Advisors (EAs). |
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| Margin Trading | ✓ | ✓ |
| Margin Rate | 0.2% | |
| Account Types | STP | STP, ECN |
| AI / Machine Learning | ✓ | ✗ |
| Robo Advisor | ✗ | ✗ |
| Negative Balance Protection | ✓ | ✓ |
| Market Maker | ✓ | ✗ |
| P2P Trading | ✗ | ✗ |
| Spot Trading | ✓ | ✓ |
| Auto Trading | Expert Advisors (EAs) on MetaTrader | Expert Advisors (EAs) on MetaTrader |
| Copy Trading | ✓ | ✗ |
| Copy Trading Platform | XM provides copy trading through its user-friendly app, featuring exclusive crypto pairs. XM global also offers a built-in signals service on the MT5 platform. Traders can access detailed performance metrics and replicate the trades of strategy managers. The setup is straightforward, requiring just a few steps after logging into your MQL5 community account. | |
| Social Trading | ✓ | ✗ |
| Trade Signals | ✓ | MT4 & MT5 |
| VPS Hosting | ✓ | ✓ |
| Tournaments | ✓ | ✗ |
| Demo Competitions | ✓ | ✓ |
| Ethical Investing | ✗ | ✗ |
| Custodial Account | ✗ | ✗ |
| Guaranteed Stop Loss | ✗ | ✗ |
| Inactivity Fee | $5 | $0 |
| Islamic Account | ✓ | ✓ |
CFD Trading | ||
XM provides CFD traders with flexible leverage and a wide range of markets, including custom indices for sectors like artificial intelligence. The MT4/MT5 platforms are fast and reliable, and traders using algorithmic strategies can access a free VPS. | FBS is a CFD broker that lets you predict price changes in different assets like forex, commodities, indices, and stocks, without actually possessing them. Unfortunately, there's no chance to trade ETFs, bonds, or options. Even so, traders find considerable value in FBS's competitive spreads and substantial leverage up to 1:3000 (limited at 1:30 for EU traders). Additionally, FBS doesn't charge any inactivity or withdrawal fees. | |
| Leverage | 1:10001:30 | 1:30 (EU & Restricted Countries), 1:3000 (Global) |
| FTSE Spread | 1.4 | 0.0 |
| GBPUSD Spread | 0.8 | 0.6 |
| Oil Spread | 0.03 | 0.0 |
| Stocks Spread | 0.002 | Variable |
Forex Trading | ||
XM provides a wide range of currency pairs without re-quotes or hidden fees. Spreads have decreased over time, starting at 0.8 pips on the EUR/USD in the commission-free account. | FBS provides a wide range of 72 major, minor, and exotic trading options with competitive spreads averaging 0.7 pips for EUR. Traders have access to beneficial forex market tools and resources, such as calculators and a comprehensive forex course. | |
| GBPUSD Spread | 0.8 | 0.6 |
| EURUSD Spread | 0.8 | 0.5 |
| EURGBP Spread | 1.5 | 2.1 |
| Assets | 55+ | 70+ |
| Currency Indices | USD | |
Cryptocurrency Trading | ||
XM offers a few cryptocurrencies against the USD through its South African entity. These can be traded as CFDs with leverage up to 1:500, increasing both potential returns and losses. You can trade major tokens like Bitcoin, Ethereum, and Ripple, but there are fewer tokens compared to over 120 crypto derivatives at Eightcap. | FBS provides trading services on cryptocurrency, metal, or fiat currency pairs. This makes it a great choice for traders seeking to diversify their digital assets. The spreads offered are also fairly affordable, averaging approximately 20.0 for BTC/USD. | |
| Crypto Spread | Variable | Floating |
| Crypto Coins | BTC, ETH, LTC, XRP, BCH | 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 | ✗ | ✗ |
| Crypto Mining | ✗ | ✗ |
| Crypto Staking | ✗ | ✗ |
| Auto Market Maker | ✗ | ✗ |