FBS vs XM | Our In-Depth Analaysis (2023)

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FBS vs XM: In a Nutshell

FBS

Established in 2009, FBS has matured into a leading forex and CFD broker in Europe and indeed a global brand. It boasts about 17 million clients and over 60 prestigious awards for excellent services. FBS.eu offers low spreads and split-second executions without requotes; courtesy of its deep liquidity pool.

FBS Overview
  • Founded In: 2009
  • Minimum Deposit: $5
  • Maximum Leverage: 1:3000
  • Regulations: FSC(Belize) 
  • Trading platform: MT4, MT5, Webtrader
  • Account Types: Standard, Cent, Pro
  • Payment Options: VISA, MasterCard, Local Exchangers, Neteller, PerfectMoney, Skrill, SticPay
  • US Traders: Not Accept

XM

XM is a multiple award-winning broker that allows its clients to trade forex, CFDs, and real stocks on its MetaTrader platforms. Founded in 2009, XM has over 1000 trading instruments and multiple account types which are designed for newbies, and experienced and professional traders. Trading tools are also provided to assist the traders with market analyses.

XM Overview
  • Founded In: 2009
  • Minimum Deposit: $5
  • Maximum Leverage: 1000:1
  • Regulations: FSC
  • Trading platform: MT4, MT5
  • Account Types: Ultra Low, Micro, Standard, Islamic
  • Payment Options: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Neteller, Skrill
  • US Traders: Not Accept

FBS vs XM: Pros and Cons

FBS

Pros
  • Regulated by the CySEC, ASIC, FSCA South Africa, and FSC Belize.
  • The Maximum Leverage is as high as 1:3000
  • The Minimum deposit is $5 
  • Trading is on the MT4, MT5, and FBS trader platforms.
  • There is an account type to suit newbies, experienced, and pro traders.
  • Low spreads, high leverage, and fast order executions
  • Easy and fast account opening
  • Forex Guidebook, Forex Intensive, trading ideas, webinars, and other training resources are provided.
Cons
  • Tradable assets are not much, especially when compared to other top brokers.
  • Daily Market news and analysis on FBS.eu are not regularly updated.
  • No premium trading tools to assist traders.
  • No investor protection for non-EU Clients 
  • Managed Accounts & Social Trading is unavailable 
  • Few Account Base Currencies

XM

Pros
  • Regulated by CySEC, ASIC, DFSA in UAE, and FSC Belize.
  • Easy and fast account opening
  • Minimum deposit is $5
  • Over 1000 forex/CFDs are available for trading.
  • MT4 and MT5 are the available trading platforms.
  • Quality research, market analysis, and access to trading tools like Autochartist.
  • Quality training for newbies and ‘ultra-low micro account’ for beginners.
  • High leverage up to 1000:1 (this leverage is not available to all the entities of the Group)
Cons
  • Dormant fees are charged after 3 months of no account activity.
  • Trading of real stocks is not available to European traders.
  • Traders have no other choice apart from the MetaTrader platforms.
  • Limited tradable assets.
  • No passive investment services (social trading platform, PAMM accounts);
  • Funding with PayPal is unavailable

FBS vs XM: Side-by-Side Comparison

FBS
XM
Product
Product
Founded In
Founded In
2009
2009
Founded By
Founded By
Aaron Johnson
Constantinos Cleanthous
Headquarters
Headquarters
Belize city, Belize
Limassol, Cyprus
Regulations
Regulations
FSC(Belize)
ASIC, CySec , FSC , DFSA, FSCA
Min Deposit
Min Deposit
$5
$5
Max Leverage
Max Leverage
1:3000
1000:1
Tradable Assets
Tradable Assets
Forex , Stock ,Indices , Crypto , Metals , Energies , Forex Exotic
Forex , Commodities, Stock ,Indices , Crypto , Turbo Stocks Equity indices , Precious Metals , Energies
Fees
Fees
Spread from 0.7 pips
Spreads as low as 0.6 pips
Platforms and Tools
Platforms and Tools
MT4, MT5, Webtrader
MT4, MT5
US Traders
US Traders
Not Allowed
Not Allowed

FBS Vs Demo: Our Scores and Ratings

We rated both brokers, FBS and XM, on a scale of 1 to 10, with 0.1 increments. To achieve a comprehensive rating, we broadly grouped all services offered by brokers into 6 macro categories and assigned percentage weights to them. Each macro category is subdivided into several data points which contributes to the total score of 1.0-10.0 assigned to each macro category. Since all categories are not equally important, our weight percentage plays a significant role in assessing the broker accurately. For example, Regulation and Security contributes a total weight of 40% to the whole ratings because this is the most important rating category. To learn more, read our methodology.

FBS :

8.8
Total Score
Regulation and Security (40%)9.6
Fees and Commissions (20%)9.4
Trading (15%)8
Trading tools (10%)5
Customer Support (10%)9.5
Trading Education (5%)9.5

XM

9.3
Total Score
Regulation and Security (40%)9.6
Fees and Commissions (20%)9.5
Trading (15%)8.4
Trading tools (10%)8.6
Customer Support (10%)9.5
Trading Education (5%)9.4

Final Verdict :

Written by

Jason Paine is a forex trader, researcher, and tech enthusiast. He is passionate about financial markets and cutting-edge technology. With a dynamic 16-year trading career, he's on a mission to guide fellow traders. Having navigated diverse forex brokers, Jason shares his insights at Brokersway to bridge the gap between traders and the right brokerage.

DisclosureAt Brokersway we're committed to delivering unbiased information. our opinions are our own and are not influenced by the payment we receive from our advertising partners. While we adhere to strict editorial integrity, this post may contain references to products from our partners. Here's an explanation of how we make money.

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