XM vs FBS
Wondering which broker to choose between XM and FBS? This broker comparison between XM and FBS reviews regulation and safety, pricing and trading conditions, platforms and tools, instrument selection, deposit and withdrawal methods, and other core details, presented clearly side by side to help you decide.
Who is XM?
XM is a global online broker that launched in 2009 under the Trading Point group. The broker has grown to serve millions of traders worldwide, offering access to a broad range of trading instruments across multiple asset classes. XM distinguishes itself through a strong commitment to trader education, offering an extensive library of resources. The official website of XM is www.xm.com.
The minimum deposit required to start trading with XM is $5.
Who is FBS?
FBS is an international forex and CFD broker founded in 2009, serving millions of traders across more than 150 countries. The broker is recognised for its competitive trading conditions, a wide variety of trading instruments, and support for various trading platforms. Additionally, FBS has a strong emphasis on education and customer support. The official website of FBS is www.fbs.com.
The minimum deposit to start trading with FBS is $5.
XM vs FBS Side-by-Side Comparison
XM, founded in 2009, holds licenses from the CySEC (Cyprus), FSC (Belize), FSA (Seychelles), DFSA (UAE) and FSC (Mauritius) and maintains local offices in Limassol, Athens, Dubai and Cape Town. This broker supports various trading platforms, including MT4, MT5 and XM App.
To open an account, XM requires a minimum deposit of $5, with accounts available in various account currencies, such as USD, EUR, JPY, GBP, AUD, CHF, ZAR, HUF, SGD and PLN. The company operates as a B-Book (market maker) broker and supports copy trading via XM Copy Trading (outside the EEA). To make deposits and withdrawals, traders can use popular payment options like credit and debit cards, international wire transfers, local transfers and e-wallets (Skrill, Neteller, etc.).
In comparison, FBS, established in 2009, is licensed by the CySEC (Cyprus), FSC (Belize), ASIC (Autralia) and FSCA (South Africa) and keeps local offices in Limassol and Belize City. FBS offers multiple trading platforms, which include MT4, MT5 and FBS App.
The minimum deposit required to open an account with FBS sits at $5, with accounts denominated in USD. The firm operates as an A-Book broker, but does not support copy trading. Clients can fund their FBS accounts via 200+ payment methods (global and local) including credit & debit cards, bank wires, e-wallets and cryptocurrencies.
XM vs FBS Market Instruments
XM offers access to a total of 1,400+ instruments, including CFDs on forex, stocks, equity indices, themathic indices, commodities and cryptocurrencies. In particular, the lineup available at XM includes 40+ forex pairs, 1,000+ stocks, 20+ indices, 30+ commodities, and 10+ crypto pairs (cryptos are not available in the EEA).
FBS, by comparison, offers 590+ instruments, covering CFDs on forex, stocks, indices and commodities. The collection of products at FBS features 100+ forex pairs, 469 stocks, 11 indices, and 11 commodities.
XM vs FBS Account Types
XM vs FBS Spreads Comparison
This comparison focuses on spreads for the standard accounts of XM and FBS. Spreads vary by account type and market conditions, so confirm the latest figures on each broker’s website before trading.
Minimum spreads: For EUR/USD, XM offers spreads from 1.6 pips while they start from 0.8 pips at FBS. For GBP/USD, XM quotes a minimum of 1.8 pips versus FBS from 0.84 pips. On USD/CAD, it is 2.3 pips at XM compared with 1.095 pips at FBS, and for CAD/JPY, the figures are 3.4 pips at XM against 1.7 pips at FBS.
For XAU/USD (Gold), XM quotes a minimum of $0.3 while FBS shows $0.2. WTI starts from $0.03 at XM versus $0.01 at FBS. For Bitcoin, XM posts a minimum of $60.
Average spreads: For EUR/USD, XM shows an average spread of 2.0 pips compared with FBS at 1.2 pips. For GBP/USD, XM posts 2.4 pips while FBS shows 1.5 pips. On XAU/USD (Gold), XM quotes $0.45 against FBS at $0.29.
XM vs FBS Minimum Spreads Comparison
XM vs FBS Average Spreads Comparison
Costs on Raw/Zero Spread Account
XM features a raw/zero spread account setup, where the minimum spread starts from 0.0 pips, plus a commission of $3.5 per side per lot (available only in the EEA). FBS does not offer raw/zero spread accounts.
When assessing costs, remember that raw/zero spread pricing shifts more of the fee into commissions, and actual spreads can change with market conditions and liquidity. Always confirm the latest pricing and account details on each broker’s website before trading.
Other Features
XM vs FBS: Wrapping Up the Comparison
XM and FBS are global brokers established in 2009 and 2009, respectively. XM is regulated by the CySEC (Cyprus), FSC (Belize), FSA (Seychelles), DFSA (UAE) and FSC (Mauritius), while FBS is overseen by the CySEC (Cyprus), FSC (Belize), ASIC (Autralia) and FSCA (South Africa). Both XM and FBS offer multiple trading platforms for flexibility. Specifically, XM supports MT4, MT5 and XM App, while FBS offers MT4, MT5 and FBS App.
Both brokers keep the entry barrier low, with a minimum deposit of $5 at XM and $5 at FBS. XM offers 1,400+ instruments, whereas FBS features 590+ products. XM supports copy trading (outside the EEA), while FBS does not provide copy trading.
On another note, both brokers offer a Standard account, with XM also offering a zero spread account (in the EEA). FBS does not provide a raw/zero spread account. Further, both brokers provide a demo account and support a swap-free (Islamic) option. Additional account choices include Ultra Low and Shares at XM and Cent at FBS. Regarding spreads, XM offers EUR/USD with minimum spreads starting from 1.6 pips, compared to 0.8 pips at FBS. The average spreads are around 2.0 pips and 1.2 pips, respectively.
In short, XM suits traders who want a broader instrument list, a zero spread option, and copy trading, while FBS appeals to those prioritizing tighter minimum spreads and straightforward account options.
Related Posts
Top-Tier Trusted Brokers
The table below contains links to 3rd party websites of our top partners from whom we receive compensation at no additional cost to you.
