FBS vs XM Comparison: Which Is Better for Traders?
We test brokers on real accounts using our own methodology, evaluating the quality of order execution, trading conditions, platforms and customer support.
Who is better - FBS or XM?
Our pick: FBS
Based on multiple factors - spreads and fees, available assets and instruments, execution quality, platform usability, support level, and educational resources - FBS looks preferable to XM.
FBS scored 4.3/5 and ranks 21 in our all Forex brokers list, whereas XM has 4.2/5 and ranks 30.
This is not financial advice. See the full comparison below.
Who is FBS suitable for?
FBS is suitable for beginners thanks to educational materials, as well as for experienced traders who value MetaTrader and reliability.
Who is XM suitable for?
Broker XM is suitable for both novice traders, thanks to educational materials, and experienced traders who value a variety of instruments.
Comparison Table of FBS and XM
| Broker | FBS | XM |
|---|---|---|
| Rating | 4.3/5 | 4.2/5 |
| Foundation Year | 2007 | 2009 |
| Regulated in Countries | Belize, Cyprus, Australia, South Africa | Belize, Cyprus, Australia, United Arab Emirates |
| Minimum Deposit |
|
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| Spread | from 0.7 points | from 0 points |
| Max Leverage | 1:3000 | 1:1000 |
| Trading Assets (CFDs) |
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| Trading Platforms |
|
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| Review | FBS Review | XM Review |
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:
XM Review
XM broker offers a wide range of services, making it an attractive option for various traders. With over 1500 trading instruments, extensive educational resources, and numerous trading platforms, XM is ideally suited for beginners and experienced traders. Novice traders will particularly appreciate the accessible educational materials and low entry threshold, while professionals will find the competitive spreads and diversity of instruments appealing.
Pros and Cons of XM
Pros
- Wide range of trading assets.
- Extensive educational resources.
- Tight spreads on the Ultra Low account.
- Many analytical materials.
- Commission-free deposits and withdrawals.
Cons
- Inconsistency in technical support.
- Inactivity fee.
- Standard account has a higher spread than the market average.
XM is in the top 10 of the following ratings:
Reliability
| Broker | FBS | XM |
|---|---|---|
| Reliability | 5/5 | 5/5 |
| Foundation Year | 2007 | 2009 |
| Regulated in Countries | Belize, Cyprus, Australia, South Africa | Belize, Cyprus, Australia, United Arab Emirates |
| Regulators | BFSC BFSC CySEC CySEC ASIC ASIC FSCA FSCA | BFSC BFSC CySEC CySEC ASIC ASIC DFSA DFSA |
FBS
FBS is a reliable and regulated broker, overseen by several international bodies, ensuring client security and transparency.
XM
XM Group is highly regarded for its reliability, holding ASIC, CySEC, FSC, and DFSA licenses.
Account Opening
| Broker | FBS | XM |
|---|---|---|
| Account Opening | 4.5/5 | 5/5 |
| Minimum Deposit |
|
|
FBS
The account opening process at FBS is fast, clear, and relatively simple, although the verification procedure may take some time.
XM
Opening an account with XM Group is straightforward and quick.
Account Types
| Broker | FBS | XM |
|---|---|---|
| Account Types | 3/5 | 4.3/5 |
| Trading Accounts |
|
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| Minimum Deposit |
|
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| Spread | from 0.7 points | from 0 points |
| Max Leverage | 1:3000 | 1:1000 |
| 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.
XM
XM broker offers various account types to satisfy the needs of different traders, from beginners to professionals.
Pros
- A wide choice of accounts for different experience levels.
- Flexible trading conditions (leverage, deposit).
- Specialized accounts for stock trading.
Cons
- No fixed spread accounts.
- No ECN or STP accounts.
Commissions
| Broker | FBS | XM |
|---|---|---|
| Commissions | 3.5/5 | 2.5/5 |
| Spread | from 0.7 points | from 0 points |
| Average Spread (EURUSD) | 0.9 | 1.7 |
| Commission per Lot |
FBS
FBS's commissions are average for the market.
Pros
- Low spreads.
Cons
- Possible withdrawal fees in the absence of trading activity.
XM
XM's commissions are rated as average.
Pros
- Low spreads on the Ultra Low account.
- No swaps on many currency pairs on the Ultra Low account.
Cons
- Wider spreads and higher swaps on the standard account.
- Inactivity fee.
Deposit and Withdrawal
| Broker | FBS | XM |
|---|---|---|
| Rating | 5/5 | 4.5/5 |
| Account Funding Methods |
|
|
FBS
FBS offers many deposit and withdrawal methods with high flexibility and accessibility.
XM
The broker offers convenient deposit and withdrawal methods with zero commission but lacks cryptocurrency support.
Pros
- Zero commission for deposits and withdrawals.
- A minimum limit of only 5 dollars.
- Quick processing of withdrawal requests.
Cons
- No cryptocurrency deposit/withdrawal options.
Markets and Products
| Broker | FBS | XM |
|---|---|---|
| Markets and Products | 4/5 | 5/5 |
| Forex | 43 | 55 |
| Precious Metals | 8 | 3 |
| Energy Carriers | 3 | 3 |
| Indices | 11 | 50 |
| Stocks | 480 | 1307 |
| Cryptocurrency | 5 | 58 |
| Soft Commodities | - | 8 |
FBS
FBS provides a broad spectrum of trading assets, albeit with a limited selection of stocks and cryptocurrencies.
XM
The broker offers a wide range of markets and products, including over 1500 items.
Pros
- A large selection of currency pairs.
- Access to CFDs on various assets.
- The ability to trade cryptocurrencies.
Trading Platforms
| Broker | FBS | XM |
|---|---|---|
| Rating | 4.5/5 | 4/5 |
| Trading Platforms |
|
|
FBS
FBS has a wide choice of trading platforms, meeting the needs of different traders.
XM
XM offers various versions of MT4 and MT5 platforms, providing flexibility in trading.
Pros
- Availability on various devices (PC, Mac, mobile).
- MultiTerminal for managing multiple accounts.
- WebTrader for browser-based trading.
Cons
- No alternatives to MetaTrader.
Analytics
| Broker | FBS | XM |
|---|---|---|
| Rating | 5/5 | 5/5 |
FBS
FBS offers extensive and high-quality analytical tools that contribute to effective trading.
XM
Analytics at XM are extensive and varied, providing traders with valuable resources for making informed decisions.
Pros
- Exclusive market analysis from professionals.
- Trading signals and tools such as Autochartist.
- The option to listen to news recordings.
Cons
- Real account required to access all materials.
Education
| Broker | FBS | XM |
|---|---|---|
| Rating | 5/5 | 4.5/5 |
FBS
FBS provides comprehensive educational materials suitable for traders at all levels.
XM
XM's educational materials are extensive and varied, suitable for all experience levels.
Pros
- A wide range of materials: webinars, videos, seminars.
- Available in different languages.
- Daily online sessions with experts.
Cons
- Lack of textual materials and books.
- No personalized learning options.
Customer Support
| Broker | FBS | XM |
|---|---|---|
| Rating | 5/5 | 4/5 |
| Email Support |
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| Hotline Phones |
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| Social Media |
Messenger
Viber
Line
Telegram
Whatsapp
Facebook
Instagram
YouTube
Twitter
LinkedInFBS
The technical support of FBS operates 24/7, is multilingual, and offers prompt problem resolution.
XM
XM's technical support offers 24/7 access through various channels, but the service quality is inconsistent.
Pros
- Round-the-clock support.
- A variety of communication channels.
- Quick responses in some cases.
Cons
- Ineffectiveness of solutions, according to reviews.
Comparisons of FBS and XM with other brokers
Conclusion
FBS stands out as the better overall pick, while XM trails on aggregate criteria.
FBS scored 4.3/5 and ranks 21 in our rating; XM has 4.2/5 and ranks 30.
We explain the reasons above in detail — fees, platforms, reliability, support, and more.
FAQ
Which broker is better: FBS or XM?
FBS comes out ahead by overall rank (score 4.3/5, position 21) versus XM (score 4.2/5, position 30).
Which broker is better for beginners: FBS or XM?
FBS is often a smoother start thanks to simpler onboarding and stronger baseline metrics. Still, your tools and budget should drive the final choice.
Who has lower typical trading costs (spreads/commissions) — FBS or XM?
It depends on the instrument and account type. Compare the live conditions in the “Commissions” section on this page — we break down the nuances category by category.
What trading platforms are available with FBS and XM?
FBS: MetaTrader 4, MetaTrader 5, FBS Trader. XM: MetaTrader 5, MetaTrader 4. See the “Platforms” section for details and selection tips.
What markets can you trade with FBS and XM?
FBS: Forex, Precious Metals, Energy Carriers, Indices, Stocks, Cryptocurrency. XM: Forex, Precious Metals, Energy Carriers, Soft Commodities, Indices, Stocks, Cryptocurrency. Full lists and differences are in the “Markets” section.
What account types are offered by FBS and XM?
FBS: Standard. XM: Standard, Micro, XM Ultra Low, Shares. See “Account Types” for a side-by-side comparison.
What deposit and withdrawal methods are supported by FBS and XM?
FBS: Neteller, Skrill, Perfect Money, SticPay, Visa, Mastercard, Maestro. XM: Neteller, Skrill, WebMoney, Perfect Money, SticPay, Visa, Mastercard. Check method-specific fees/settlement times.
Which broker is safer — FBS or XM — and how was this assessed?
We consider regulation, corporate transparency, fund protection, and incident history. See the “Reliability” section for our findings.
