FBS vs FXTM Comparison
We test brokers on real accounts using our own methodology, evaluating the quality of order execution, trading conditions, platforms and customer support.
Comparison Table of FBS and FXTM
| Broker | FBS | FXTM |
|---|---|---|
| Rating | 4.3/5 | 4.1/5 |
| Foundation Year | 2007 | 2011 |
| Regulated in Countries | Belize, Cyprus, Australia, South Africa | Cyprus, United Kingdom, Mauritius, Kenya |
| Minimum Deposit |
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| Spread | from 0.7 points | from 0.1 points |
| Max Leverage | 1:3000 | 1:2000 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Review | FBS Review | FXTM Review |
FBS is suitable for beginners thanks to educational materials, as well as for experienced traders who value MetaTrader and reliability.
Broker FXTM is suitable for traders looking for a variety of trading instruments and accounts, but who are willing to tolerate some shortcomings in support and wide spreads.
FBS Review
FBS is a reliable choice for traders who value a secure and regulated trading environment, complemented by a robust selection of educational resources and trading tools. It is particularly well-suited for those new to trading or looking to expand their knowledge and experienced traders focusing on a diverse range of assets. Despite its limitations in account types and currency options, FBS's strengths in providing competitive trading conditions and comprehensive support make it a commendable broker for a broad spectrum of traders.
Pros and Cons of FBS
Pros
- Regulated by major international organizations.
- Low spreads and commissions.
- Wide range of trading assets.
- Extensive database of educational materials and analytical tools.
- Support for various trading platforms.
Cons
- Limited choice of trading accounts.
- Limited choice of account currency.
FBS is in the top 10 of the following ratings:
FXTM Review
FXTM stands out in the market due to its wide range of trading instruments, including many currency pairs, stocks, metals, and other products. It makes it attractive to traders looking to diversify their portfolios. Support for various devices' popular MT4 and MT5 platforms ensures trading flexibility and accessibility. In addition, FXTM offers competitive commission terms on the Advantage account, making it a favorable choice for active traders. The availability of educational materials such as e-books, videos, and webinars supports beginners and helps them develop their trading skills. With no deposit fees, the variety of deposit and withdrawal methods is convenient for clients worldwide.
FXTM is ideal for traders seeking various trading instruments and flexible platforms. It will be especially attractive for beginners due to its extensive training resources and for active traders interested in using an Advantage account to minimize commissions.
Pros and Cons of FXTM
Pros
- A wide range of trading assets.
- Low fee per transaction.
- Availability of popular trading platforms.
- Availability of educational materials.
- A variety of deposit and withdrawal methods.
Cons
- Issues with technical support.
- High spreads.
FXTM is in the top 10 of the following ratings:
Reliability
| Broker | FBS | FXTM |
|---|---|---|
| Reliability | 5/5 | 5/5 |
| Foundation Year | 2007 | 2011 |
| Regulated in Countries | Belize, Cyprus, Australia, South Africa | Cyprus, United Kingdom, Mauritius, Kenya |
| Regulators | BFSC BFSC CySEC CySEC ASIC ASIC FSCA FSCA | CySEC CySEC FSCA FSCA FCA FCA FCA FCA FSC FSC CMA CMA |
FBS
FBS is a reliable and regulated broker, overseen by several international bodies, ensuring client security and transparency.
FXTM
Broker FXTM demonstrates high reliability due to strict regulation and additional protective measures.
Pros
- Regulation by authoritative bodies (CySEC, FCA).
- Membership in the Financial Commission.
- Presence of a Compensation Fund.
Account Opening
| Broker | FBS | FXTM |
|---|---|---|
| Account Opening | 4.5/5 | 5/5 |
| Minimum Deposit |
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FBS
The account opening process at FBS is fast, clear, and relatively simple, although the verification procedure may take some time.
FXTM
Opening an account with FXTM is a simple and fast process.
Account Types
| Broker | FBS | FXTM |
|---|---|---|
| Account Types | 3/5 | 4.5/5 |
| Trading Accounts |
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| Minimum Deposit |
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| Spread | from 0.7 points | from 0.1 points |
| Max Leverage | 1:3000 | 1:2000 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Demo Account | ||
| Swap-free Account |
FBS
FBS offers only one trading account but with additional services.
Pros
- Availability of demo accounts for practice.
- The possibility of automated trading.
Cons
- Lack of investment accounts (PAMM, copy trading).
- Insufficient variety of trading accounts.
FXTM
FXTM offers a variety of accounts and services, meeting the needs of different traders.
Pros
- Wide selection of account types.
- Additional services such as VPS.
- Suitable for traders of different levels.
Cons
- Lack of fixed spread accounts.
Commissions
| Broker | FBS | FXTM |
|---|---|---|
| Commissions | 3.5/5 | 3/5 |
| Spread | from 0.7 points | from 0.1 points |
| Average Spread (EURUSD) | 0.9 | |
| Commission per Lot | $2.16 |
FBS
FBS's commissions are average for the market.
Pros
- Low spreads.
Cons
- Possible withdrawal fees in the absence of trading activity.
FXTM
FXTM's commissions are average, with low per-trade commission but higher-than-average spreads.
Pros
- Low per-trade commission.
Cons
- High spreads.
- Inactivity fee for account.
Deposit and Withdrawal
| Broker | FBS | FXTM |
|---|---|---|
| Rating | 5/5 | 4/5 |
| Account Funding Methods |
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FBS
FBS offers many deposit and withdrawal methods with high flexibility and accessibility.
FXTM
FXTM offers a variety of convenient methods for depositing and withdrawing funds, meeting the needs of traders.
Pros
- Numerous available methods.
- Instant fund crediting.
- Most operations without commission.
Cons
- May have withdrawal fees.
- Possible processing time restrictions.
Markets and Products
| Broker | FBS | FXTM |
|---|---|---|
| Markets and Products | 4/5 | 4.6/5 |
| Forex | 43 | 48 |
| Precious Metals | 8 | 3 |
| Energy Carriers | 3 | 3 |
| Indices | 11 | 13 |
| Stocks | 480 | 640 |
| Cryptocurrency | 5 | 11 |
FBS
FBS provides a broad spectrum of trading assets, albeit with a limited selection of stocks and cryptocurrencies.
FXTM
FXTM offers a variety of markets.
Pros
- Ability to invest in US stocks.
- Large number of CFDs for trading.
Cons
- No soft commodities.
Trading Platforms
| Broker | FBS | FXTM |
|---|---|---|
| Rating | 4.5/5 | 4/5 |
| Trading Platforms |
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FBS
FBS has a wide choice of trading platforms, meeting the needs of different traders.
FXTM
The broker offers reliable and proven MT4 and MT5 platforms, ensuring flexibility in trading.
Pros
- Availability on various devices (Windows, Android, iOS).
- Support for automated trading.
- Ability to choose between MT4 and MT5.
Cons
- Lack of a proprietary unique platform.
- Web version only available for MT4.
Analytics
| Broker | FBS | FXTM |
|---|---|---|
| Rating | 5/5 | 4/5 |
FBS
FBS offers extensive and high-quality analytical tools that contribute to effective trading.
FXTM
The broker offers a strong analytical section.
Pros
- Daily automated trading signals.
- Economic calendar in the personal account.
- A variety of tools for analysis.
Cons
- Outdated video reviews.
- Lack of regular analytical updates from experts.
Education
| Broker | FBS | FXTM |
|---|---|---|
| Rating | 5/5 | 3.5/5 |
FBS
FBS provides comprehensive educational materials suitable for traders at all levels.
FXTM
The broker's educational materials are of average quality with diverse content.
Pros
- Diversity of materials (videos, books).
- Useful for traders of different levels.
Cons
- Outdated webinars.
- Irrelevance of some materials.
Customer Support
| Broker | FBS | FXTM |
|---|---|---|
| Rating | 5/5 | 3.5/5 |
| Email Support |
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| Hotline Phones |
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| Social Media |
Messenger
Viber
Line
Telegram
Whatsapp
Facebook
Instagram
YouTube
LinkedIn
Skype
TwitterFBS
The technical support of FBS operates 24/7, is multilingual, and offers prompt problem resolution.
FXTM
FXTM's customer support offers various channels of communication, but reviews about it are mixed.
Pros
- Variety of communication channels.
- There are positive customer reviews.
Cons
- Delays in responses.
- There are ambiguous customer reviews.
