FXTM Vs FBS

Category: Broker Guides | Author: Trading Brokers | Date: July 19, 2023

Choosing the right broker is a critical decision for traders as it can significantly impact their trading journey. With numerous brokers available in the market, it is essential to carefully evaluate their features and offerings to make an informed choice. In this article, we will explore the comparison between FXTM and FBS, two popular brokers in the industry. We will delve into various aspects such as regulation, trading platforms, pricing, available instruments, research tools, educational resources, and customer support. By examining the pros and cons of each broker and analyzing their key features, traders can gain a comprehensive understanding of what they offer and which one may be better suited to their individual trading needs. Ultimately, this article aims to provide valuable insights and guidance to traders in selecting a broker that can support their trading goals and provide an optimal trading experience.

FXTM Overview

FXTM

FXTM

 

FXTM is a reputable forex and CFD broker that caters to clients worldwide. Established in 2011 and headquartered in Cyprus, FXTM has gained recognition for its comprehensive trading services. The broker is regulated by esteemed financial authorities such as the Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC), ensuring a secure and trustworthy trading environment. FXTM offers a diverse range of trading instruments, including forex currency pairs, commodities, indices, shares, and cryptocurrencies. Traders can choose from three account types, each designed to meet specific trading needs. With multiple trading platforms available, including the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5), FXTM provides traders with a seamless and efficient trading experience. The broker also prioritizes client education, offering webinars, seminars, educational articles, and research tools to empower traders with valuable market insights. With multilingual customer support available through various channels, FXTM ensures that clients receive prompt and professional assistance in their preferred language.

Pros and Cons of FXTM:

Pros

  • Strong regulation
  • Wide range of trading instruments
  • Competitive pricing
  • Multiple trading platforms
  • Educational resources

Cons

  • Limited account types
  • Inactivity fee
FXTM Logo

FXTM is an award-winning broker with strict regulation in multiple jurisdictions. They have user-friendly trading platforms, various account types and funding methods, along with a vast range of educational materials and trading tools to help you make informed trade decisions.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

FBS Overview

FBS

FBS

FBS is a reputable online broker that has been operating since 2009, offering forex and CFD trading services to clients globally. The broker is known for its wide range of trading instruments, including forex currency pairs, stocks, indices, commodities, and cryptocurrencies. With regulatory oversight from authorities such as CySEC and ASIC, FBS ensures compliance with industry standards and provides a secure trading environment. Traders can choose from various account types with flexible minimum deposit requirements, catering to different trading preferences and budgets.

FBS offers competitive trading conditions, including low spreads, fast order execution, and access to popular trading platforms like MetaTrader 4 and MetaTrader 5. Additionally, the broker provides comprehensive research and educational resources, including webinars, video tutorials, eBooks, and market analysis, empowering traders with knowledge and insights. With a strong emphasis on customer support, FBS offers multiple channels for assistance, including live chat, email, phone, and social media platforms. Overall, FBS provides traders with a reliable and accessible trading experience backed by regulatory compliance, a diverse range of instruments, competitive trading conditions, and extensive educational resources.

Pros and Cons of FBS:

Pros

  • Strong regulation
  • Low minimum deposit
  • Wide range of trading instruments
  • Multiple trading platforms
  • Multilingual support

Cons

  • Limited research resources
  • Higher spreads
FBS Logo

FBS is a regulated brokerage offering online trading on a limited amount of Forex and CFDs via the MetaTrader platforms. They also provide a range of trading tools, market analysis and educational materials.

76.2% of retail investor accounts lose money when trading CFDs with this provider.

Comparison Between FXTM and FBS

Let us examine the key aspects and differences between FXTM and FBS to understand what sets these brokers apart.

Regulation and Trustworthiness:

FXTM is regulated by multiple reputable authorities, including FCA, CySEC, FSCA, and FSC, highlighting its commitment to compliance and security. On the other hand, FBS is also recognized for its regulation by IFSC and CySEC, providing traders with a regulated trading environment. These regulatory affiliations emphasize the trustworthy nature of both FXTM and FBS as they prioritize the safety and integrity of their services.

Trading Platforms:

The choice of a trading platform is vital as it serves as the primary tool for executing trades, analyzing markets, and managing trading activities. Both FXTM and FBS offer traders access to the widely recognized MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. These platforms are renowned for their user-friendly interfaces, advanced charting capabilities, and comprehensive suite of technical analysis tools. Traders can utilize various order types, execute trades seamlessly, and even implement automated trading strategies using expert advisors (EAs). With the availability of MT4 and MT5 platforms, both FXTM and FBS ensure a reliable and feature-rich trading experience for their clients.

Pricing and Fees:

Transparent and competitive pricing is crucial in minimizing trading costs and maximizing potential profits. FXTM offers competitive spreads starting from 0.1 pips on major currency pairs, providing favorable trading conditions. The broker also charges low fees for stock and stock index CFDs, enabling cost-effective trading. Similarly, FBS offers competitive fees for stock and stock index CFDs, aligning with industry standards. Traders should consider the specific fee structures, including spreads, commissions, and overnight fees, to evaluate the overall cost of trading and choose the broker that offers competitive pricing aligned with their trading strategy and preferences.

Broker Type:

FXTM is a hybrid broker that offers both market maker (DD) and no dealing desk (NDD) execution models. The market maker model applies to some account types under the IFSC and FSC regulations, while the NDD model applies to some account types under the FCA and CySEC regulations. The NDD model includes both electronic communication network (ECN) and straight-through processing (STP) technologies.

FBS is also a hybrid broker that offers both market maker (DD) and no dealing desk (NDD) execution models. The market maker model applies to some account types under all regulations, while the NDD model applies to some account types under the ASIC regulation. The NDD model includes both electronic communication network (ECN) and straight-through processing (STP) technologies.

 Leverage:

FXTM offers different leverage levels depending on the account type, the instrument, and the regulatory jurisdiction. The maximum leverage for forex trading is 1:2000 for some accounts under the IFSC regulation, 1:1000 for some accounts under the FSC regulation, and 1:30 for some accounts under the FCA and CySEC regulations.

FBS also offers different leverage levels depending on the account type, the instrument, and the regulatory jurisdiction. The maximum leverage for forex trading is 1:3000 for some accounts under the IFSC regulation, 1:888 for some accounts under the ASIC regulation, and 1:30 for some accounts under the CySEC regulation.

Asset Selection:

Access to a diverse range of trading instruments allows traders to explore various markets and diversify their trading portfolios. Both FXTM and FBS offer a wide selection of instruments, including forex currency pairs, stocks, indices, commodities, and cryptocurrencies. Traders can choose from a comprehensive range of assets, enabling them to implement diverse trading strategies, seize opportunities in different markets, and potentially optimize their trading results. The availability of multiple asset classes provides flexibility and caters to the varying trading preferences and market interests of traders.

Minimum Deposit:

The minimum deposit requirement is an important consideration for traders when choosing a broker. FXTM requires a minimum deposit of $10 for its Standard Account, providing accessibility for traders with varying capital levels. On the other hand, FBS offers a significantly lower minimum deposit of just $1 for its Cent Account, allowing traders to start with a smaller initial investment. The different minimum deposit amounts offered by FXTM and FBS cater to traders with different budget sizes and risk preferences, providing flexibility and options for traders at various stages of their trading journey.

Withdrawal and Deposit Methods:

The availability of convenient and secure deposit and withdrawal methods is crucial for traders to manage their funds effectively. Both FXTM and FBS offer a wide range of deposit and withdrawal methods, ensuring that traders can choose the option that best suits their needs. These options include popular methods such as bank transfers, credit/debit cards, and well-known e-wallets like Neteller and Skrill. The variety of deposit and withdrawal methods provided by both brokers offers convenience, flexibility, and accessibility for traders, enabling them to easily fund their accounts and withdraw their profits.

Customer Support and Accessibility:

Efficient and responsive customer support is essential for traders, ensuring prompt assistance and resolving any issues or inquiries that may arise during the trading process. FXTM and FBS offer multiple channels for customer support, including live chat, email, and phone. Traders can reach out to their support teams for timely assistance, account-related queries, technical support, and general trading inquiries. Additionally, both brokers offer multilingual support, allowing clients to communicate in their preferred languages. This accessibility and responsive customer support contribute to a positive trading experience and client satisfaction.

Which Should You Choose: FXTM or FBS?

When deciding between FXTM and FBS, it is important to assess your individual trading preferences and needs. If you’re a beginner trader looking for user-friendly platforms and comprehensive educational resources, both brokers can be suitable choices. However, if you’re an experienced trader seeking advanced tools and features, FXTM might be a better fit with its range of trading platforms and additional technical analysis tools. For scalpers or day traders, FXTM’s competitive spreads can be advantageous. On the other hand, if you’re a long-term investor interested in diversifying your portfolio with various instruments, FBS offers a wide range of trading options. Additionally, both brokers cater to multilingual traders with their support in multiple languages. Consider your trading style, goals, and specific requirements to make an informed decision between FXTM and FBS.

Conclusion

In conclusion, we have examined the key aspects of FXTM and FBS in this article. Both brokers have regulatory compliance, and offer popular trading platforms, competitive pricing, a wide range of assets, and comprehensive research and educational resources. Traders should consider their specific trading preferences, such as leverage requirements, asset selection, and customer support, to make an informed decision. It is crucial to prioritize individual needs and conduct further research to choose the broker that aligns best with one’s trading goals and requirements.


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