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FBS vs XM Group
Both of these regulated forex brokers have built a positive reputation, and feedback from our members supports that.
That said, FBS currently holds a lower overall rating (4.2) compared to XM Group (4.3).
Both brokers have the same minimum deposit of 5.0.
Both platforms offer their clients demo accounts, mobile trading, scalping.
Traders should note that
both companies offer the same minimum lot size 0.01, but FBS has a maximum lot size of 500.0, while XM Group offers 50.0.
FBS offers a greater leverage limit of 1:3000, whereas XM Group allows a maximum of only 1:1000.
If youre unsure which of these two brokers to choose, you can always explore our full list of recommended brokers here or ask for opinions from other members in Myfxbook Community.
If youre unsure which of these two brokers to choose, you can always explore our full list of recommended brokers here or ask for opinions from other members in Myfxbook Community.
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Overall Rating:
Platform:
Pricing:
Customer service:
Features:
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| Minimum deposit ($) | 5.0 | 5.0 |
| Commission | 0.0 | 3.5 |
| Accepting US clients? | ||
| Swap free accounts | ||
| Segregated accounts | ||
| Interest on margin | ||
| Managed accounts | ||
| Accounts for money managers (MAM, PAMM) | ||
| One click trading | ||
| API | ||
| OCO orders | ||
| Trading over the phone | ||
| Hedging allowed | ||
| Trailing stops | ||
| Mobile trading | ||
| Scalping allowed | ||
| Bonuses | ||
| Demo Accounts | ||
| Web based trading | ||
| Contests | ||
| Decimals | 5 | 5 |
| Minimum lot size | 0.01 | 0.01 |
| Maximum lot size | 500.0 | 50.0 |
| Spread | Variable | Variable |
| Broker type | STP | Market Maker |
| Maximal leverage (1:?) | 3000 | 1000 |
| Availability | STP | Market Maker |
| Regulation | CySEC (Cyprus), ASIC (Australia), FSC (Belize) | CySEC (Cyprus), FSC (Belize), DFSA (UAE), FSCA (South Africa), ESCA (UAE) |
| Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), Web Platform, Mobile Platform | MetaTrader 4 (MT4), MetaTrader 5 (MT5), XM App |
| Funding/Withdrawal methods | Wire Transfer, Credit Card, Debit Card, Perfect Money, Neteller, UnionPay, Skrill, FasaPay, Local Deposits | Multiple local methods |
| Account Currency | USD, EUR, JPY | USD, GBP, EUR, CHF, JPY, PLN, SGD, ZAR, AUD, HUF |
| Languages | English, Spanish, Portuguese, Indonesian, Malay, Thai, Filipino, Tagalog | English, Spanish, French, German, Portuguese, Italian, Greek, Russian, Polish, Thai, Arabic, Vietnamese, Korean, Bulgarian, Urdu, Hindi, Czech, Serbian, Romanian, Tagalog, Simplified Chinese, Traditional Chinese, Bahasa Malay, Bahasa Indonesia, Slovakian, Nepali, Cebuano, Mongolian |
| Country | Belize | United Arab Emirates, Belize, Cyprus, South Africa |
| Trading platform(s) timezone | Belize | United Arab Emirates, Belize, Cyprus, South Africa |
| Other trading instruments | CFDs | Stocks, Futures, Indices, Commodities, Energies, CFDs, Precious Metals, Forex |
| spreads | ||
| EUR/USD | - | - |
| GBP/USD | - | - |
| USD/JPY | - | - |
| USD/CAD | - | - |
| XAU/USD | - | - |
