XM
FBS
VS
Compare
XM
Capital at risk · T&Cs apply
Choosing between XM and FBS depends on your trading style, preferred markets, and budget. XM is headquartered in Limassol, Cyprus. XM has the longer track record, established in 2009, compared to FBS which was founded in 2009. This in-depth comparison covers regulation, fees, platforms, markets, and overall ratings to help you decide which broker is the better fit in 2026.
XM
FBS
| XM | FBS | |
|---|---|---|
| BrokerRank Score | 3.9/5 ✓ | 3.9/5 |
| Min. Deposit | $5 | $1 ✓ |
| Spread from | 0.6 pips | 0 pips ✓ |
| Max Leverage | 1:1000 | 1:3000 ✓ |
| Regulation | CySEC, ASIC, FCA | CySEC, ASIC, FSCA |
| Platforms | MT4, MT5, Proprietary Mobile | MT4, MT5, Proprietary Mobile |
XM (3.9/5) and FBS (3.9/5) are closely matched. FBS has lower spreads; the better pick depends on your priorities.
See full side-by-side comparison belowXM
FBS
WinnerXM
FBS
Lower feesXM holds licences from ASIC, FCA, CySEC. FBS is regulated by ASIC, CySEC, FSCA.
Both brokers offer access to Forex, Cfd, Stocks, Indices, Commodities markets.
On spreads, FBS is more competitive with EUR/USD spreads from 0.0 pips, compared to 0.6 pips at XM.
XM supports MT4, MT5, Proprietary Mobile. FBS offers MT4, MT5, Proprietary Mobile. Both brokers are available on MT4, MT5, Proprietary Mobile.
XM requires a minimum deposit of $5, while FBS sets a minimum deposit of $1. Both are suitable for traders with moderate starting capital.
BrokerRank scores XM at 3.92/5 and FBS at 3.88/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. XM leads overall with a marginal advantage.
XM
3.9/5
Choose XM if you want…
Similar strengths to FBS — compare below.
FBS
3.9/5
Choose FBS if you want…
XM (3.9/5) and FBS (3.9/5) are closely matched on our independent rating scale. The better choice depends on your priorities — fees, regulation, platforms, or available markets. See the full comparison above.
XM offers spreads from 0.6 pips, while FBS starts at 0 pips. Check the fees section above for a full breakdown.
XM requires a minimum deposit of $5. FBS requires $1.
XM is regulated by CySEC, ASIC, FCA, while FBS holds licences from CySEC, ASIC, FSCA.
XM supports MT4, MT5, Proprietary Mobile. FBS supports MT4, MT5, Proprietary Mobile.
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
Only 26% of Brokers Are Truly Fee-Free
BrokerRank Research — Hidden costs across 345 brokers
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BrokerRank Research — Regulation quality analysis
71% of Retail Traders Lose Money
BrokerRank Research — Loss rates across 50 EU brokers
76% of Brokers Use Proprietary Platforms
BrokerRank Research — MT4 vs MT5 vs proprietary
Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.