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FBS Alternatives

Written by
Krisztián G.
Fact checked by
Tamás D.
Updated
Mar 2024

The best alternatives to FBS are

  1. Admirals (Admiral Markets) - Global forex and CFD broker
  2. XM - Global CFD and forex broker
  3. Tickmill - Global forex broker
  4. AvaTrade - Global CFD and forex broker

Let's see in a bit more detail how the FBS alternatives compare to FBS and each other:

FBS alternatives comparison
FBS
XM
Overall score
4.2 stars 4.5 stars 4.3 stars 4.4 stars 4.2 stars
Fees score
4.2 stars 3.7 stars 4.2 stars 4.1 stars 3.6 stars
Account opening score
5.0 stars 5.0 stars 5.0 stars 5.0 stars 5.0 stars
Deposit and withdrawal score
4.4 stars 5.0 stars 5.0 stars 4.4 stars 4.4 stars
Web platform score
3.2 stars 2.8 stars 2.8 stars 2.8 stars 3.3 stars
Markets and products score
1.7 stars 3.1 stars 2.3 stars 2.7 stars 2.3 stars
Visit broker
72.12% of retail CFD accounts lose money
Visit broker
80% of retail CFD accounts lose money
Visit broker
75.33% of retail CFD accounts lose money
Visit broker
70% of retail CFD accounts lose money
Visit broker
71% of retail CFD accounts lose money

Why are these brokers considered good alternatives to FBS? There are many areas based on which FBS can be compared with others. When we say a given online broker is a good alternative to FBS we mean these brokers are comparable in the following areas:

  • The products they offer, meaning you can buy mostly the same things, i.e. stocks, CFDs, options, etc.
  • The type of clients they target, i.e. beginners, experienced investors, or day traders.

FBS alternatives recommendations

Brokers are different in a number of ways, which means each of them may be suitable for different people. Here's how they compare overall:

  • FBS is recommended for investors and cfd traders familiar with the metatrader trading platforms
  • Admirals (Admiral Markets) is recommended for forex traders who are familiar with the metatrader trading platforms
  • XM is recommended for forex and cfd traders who prefer metatrader platforms and seek great account opening
  • Tickmill is recommended for forex traders looking for low fees who are familiar with the metatrader 4 platform
  • AvaTrade is recommended for forex and cfd traders looking for an option to use metatrader platforms

Important factors of finding FBS alternatives

So far BrokerChooser has reviewed 101 online brokers in detail, which gives this comparison a solid starting point.

Not only that, but all of these brokers are reviewed using the exact same broker review methodology, which makes everything easily comparable. For each broker, we

  • open a live account
  • check over 100 criteria, with weighting based on readers' preferences
  • refresh data regularly

Whether FBS or one of its alternatives is the best choice for you is on the following five broker characteristics that most interest people:

Fees. There are different types of fees that your online brokerage may charge, and both the number and the size of these fees may vary significantly from broker to broker. Both of these aspects can impact your returns and your overall experience. FBS is one of the cheaper brokers, so if this is an important consideration for you, make sure you pick a similarly low-cost FBS alternative.

Account opening. To open an account some brokers require at least €50,000 to be invested, while others don't set a minimum first-time deposit. The time it takes to open your account can be very different as well. At FBS this is not a problem as you can have it ready on the same day you registered.

Deposit/withdrawal. The number of ways that you can deposit or withdraw money to or from your account matters a lot. For example, while you can make a deposit with a credit card at FBS, this might not be the case at its alternatives.

Web trading platform. While online brokers are usually available on various platforms like mobile apps, tablet apps or desktop software, most people use them through their web platform in a browser. User-friendly trading platforms that offer many different resources can significantly increase your trading comfort.

Markets and products. A lot of people have specific products they would like to invest in. Knowing whether stocks, forex, mutual funds, and other products are available at the given FBS alternative is a must.


Now let's dive into the details of how FBS and its alternatives perform in the most important areas!

Admirals (Admiral Markets)

Recommended for forex traders who are familiar with the MetaTrader trading platforms

Visit broker
80% of retail CFD accounts lose money

Admirals (Admiral Markets) vs. FBS: Trading fees
FBS
S&P 500 CFD spread
0.4 1.5
Euro Stoxx 50 CFD spread
1.3 3.2
Apple CFD fees per $2,000 trade
$1.1
$1.6
Vodafone CFD fees per $2,000 trade
$1.8
$2.3
Admirals (Admiral Markets) vs. FBS: Minimum deposit, time to open an account
FBS
Minimum deposit
$100
$1.08
Time to open account
1 day 1 day

If you are interested more in Admirals (Admiral Markets) minimum deposit, this overview will help you.

Admirals (Admiral Markets) vs. FBS: Withdrawal options
FBS
Bank transfer
Yes Yes
Credit/debit card
Yes Yes
Electronic wallets
Yes Yes
Withdrawal fee
$0
$0
Web trading platform of Admirals (Admiral Markets), a FBS alternative
Admirals (Admiral Markets) vs. FBS: Trading platform scores
FBS
Web platform score
2.8 stars 3.2 stars
Mobile platform score
4.3 stars 4.3 stars
Desktop platform score
3.4 stars 3.7 stars

Learn more about Admirals (Admiral Markets)'s web trading platform in the detailed Admirals (Admiral Markets) review.

Visit broker
80% of retail CFD accounts lose money

Admirals (Admiral Markets) vs. FBS: Markets and products
FBS
Stocks
Yes No
ETFs
Yes No
Forex
Yes Yes
Funds
No No
Bonds
No No
Options
No No
Futures
No No
CFDs
Yes Yes
Crypto
Yes
Yes

XM

Recommended for forex and CFD traders who prefer MetaTrader platforms and seek great account opening

Visit broker
75.33% of retail CFD accounts lose money

XM vs. FBS: Trading fees
XM
FBS
S&P 500 CFD spread
0.5 1.5
Euro Stoxx 50 CFD spread
1.5 3.2
Apple CFD fees per $2,000 trade
$1.6
$1.6
Vodafone CFD fees per $2,000 trade
$6.9
$2.3
XM vs. FBS: Minimum deposit, time to open an account
XM
FBS
Minimum deposit
$5
$1.08
Time to open account
1 day 1 day

If you are interested more in XM minimum deposit, this overview will help you.

XM vs. FBS: Withdrawal options
XM
FBS
Bank transfer
Yes Yes
Credit/debit card
Yes Yes
Electronic wallets
Yes Yes
Withdrawal fee
$0
$0
Web trading platform of XM, a FBS alternative
XM vs. FBS: Trading platform scores
XM
FBS
Web platform score
2.8 stars 3.2 stars
Mobile platform score
3.3 stars 4.3 stars
Desktop platform score
3.4 stars 3.7 stars

Learn more about XM's web trading platform in the detailed XM review.

Visit broker
75.33% of retail CFD accounts lose money

XM vs. FBS: Markets and products
XM
FBS
Stocks
Yes No
ETFs
No No
Forex
Yes Yes
Funds
No No
Bonds
No No
Options
No No
Futures
No No
CFDs
Yes Yes
Crypto
No Yes

Tickmill

Recommended for forex traders looking for low fees who are familiar with the MetaTrader 4 platform

Visit broker
70% of retail CFD accounts lose money

Tickmill vs. FBS: Trading fees
FBS
FX commission per lot
$2.00 commission per lot per trade No commission is charged
EURUSD spread
0.2 0.9
GBPUSD spread
0.3 1.0
AUDUSD spread
0.2 1.4
USDJPY spread
0.2 1.2
USDCAD spread
0.3 1.6
Tickmill vs. FBS: Minimum deposit, time to open an account
FBS
Minimum deposit
$100
$1.08
Time to open account
1 day 1 day

If you are interested more in Tickmill minimum deposit, this overview will help you.

Tickmill vs. FBS: Withdrawal options
FBS
Bank transfer
Yes Yes
Credit/debit card
Yes Yes
Electronic wallets
Yes Yes
Withdrawal fee
$0
$0
Web trading platform of Tickmill, a FBS alternative
Tickmill vs. FBS: Trading platform scores
FBS
Web platform score
2.8 stars 3.2 stars
Mobile platform score
3.3 stars 4.3 stars
Desktop platform score
3.4 stars 3.7 stars

Learn more about Tickmill's web trading platform in the detailed Tickmill review.

Visit broker
70% of retail CFD accounts lose money

Tickmill vs. FBS: Markets and products
FBS
Stocks
No No
ETFs
No No
Forex
Yes Yes
Funds
No No
Bonds
No No
Options
Yes No
Futures
Yes No
CFDs
Yes Yes
Crypto
Yes
Yes

AvaTrade

Recommended for forex and CFD traders looking for an option to use MetaTrader platforms

Visit broker
71% of retail CFD accounts lose money

AvaTrade vs. FBS: Trading fees
FBS
S&P 500 CFD spread
0.5 1.5
Euro Stoxx 50 CFD spread
2.0 3.2
Apple CFD fees per $2,000 trade
$1.2
$1.6
Vodafone CFD fees per $2,000 trade
$3.7
$2.3
AvaTrade vs. FBS: Minimum deposit, time to open an account
FBS
Minimum deposit
$100
$1.08
Time to open account
1 day 1 day

If you are interested more in AvaTrade minimum deposit, this overview will help you.

AvaTrade vs. FBS: Withdrawal options
FBS
Bank transfer
Yes Yes
Credit/debit card
Yes Yes
Electronic wallets
Yes Yes
Withdrawal fee
$0
$0
Web trading platform of AvaTrade, a FBS alternative
AvaTrade vs. FBS: Trading platform scores
FBS
Web platform score
3.3 stars 3.2 stars
Mobile platform score
4.4 stars 4.3 stars
Desktop platform score
3.5 stars 3.7 stars

Learn more about AvaTrade's web trading platform in the detailed AvaTrade review.

Visit broker
71% of retail CFD accounts lose money

AvaTrade vs. FBS: Markets and products
FBS
Stocks
No No
ETFs
No No
Forex
Yes
Yes
Funds
No No
Bonds
No No
Options
No No
Futures
No No
CFDs
Yes Yes
Crypto
Yes
Yes

FBS

Recommended for investors and CFD traders familiar with the MetaTrader trading platforms

FBS alternatives trading fees
FBS
XM
S&P 500 CFD spread
1.5 0.4 0.5 0.4 0.5
Euro Stoxx 50 CFD spread
3.2 1.3 1.5 1.5 2.0
Apple CFD fees per $2,000 trade
$1.6
$1.1
$1.6
-
$1.2
Vodafone CFD fees per $2,000 trade
$2.3
$1.8
$6.9
-
$3.7
FBS alternatives minimum deposit and account open times
FBS
XM
Minimum deposit
$1.08
$100
$5
$100
$100
Time to open account
1 day 1 day 1 day 1 day 1 day

Learn more about FBS minimum deposit here.

FBS and alternatives withdrawal options and fees
FBS
XM
Bank transfer
Yes Yes Yes Yes Yes
Credit/debit card
Yes Yes Yes Yes Yes
Electronic wallets
Yes Yes Yes Yes Yes
Withdrawal fee
$0
$0
$0
$0
$0
FBS - Web trading platform
FBS and alternatives trading platform scores
FBS
XM
Web platform score
3.2 stars 2.8 stars 2.8 stars 2.8 stars 3.3 stars
Mobile platform score
4.3 stars 4.3 stars 3.3 stars 3.3 stars 4.4 stars
Desktop platform score
3.7 stars 3.4 stars 3.4 stars 3.4 stars 3.5 stars

Learn more about FBS's web trading platform in the detailed FBS review.

FBS and alternatives markets and products
FBS
XM
Stocks
No Yes Yes No No
ETFs
No Yes No No No
Forex
Yes Yes Yes Yes Yes
Funds
No No No No No
Bonds
No No No No No
Options
No No No Yes No
Futures
No No No Yes No
CFDs
Yes Yes Yes Yes Yes
Crypto
Yes Yes
No Yes
Yes

Bottom line

Based on our analysis, there are several good alternatives to FBS. They all offer similar products and target similar customers. Here's a recap of the results in a table.

FBS alternatives
Broker intro
Recommended for
FBS
Global CFD broker. Investors and CFD traders familiar with the MetaTrader trading platforms
Global forex and CFD broker Forex traders who are familiar with the MetaTrader trading platforms
XM
Global CFD and forex broker Forex and CFD traders who prefer MetaTrader platforms and seek great account opening
Global forex broker Forex traders looking for low fees who are familiar with the MetaTrader 4 platform
Global CFD and forex broker Forex and CFD traders looking for an option to use MetaTrader platforms

Still unsure? Use our broker finder and find the best broker for you or learn more about investing your money.

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Author of this article

Krisztián Gátonyi

Forex • Market Analysis • Stock Market

I have 15 years of experience in proprietary trading, mainly in the interbank currency market as a foreign exchange risk manager. I'm actively involved in reviewing the 100+ brokers listed on our site. I personally open accounts with real money, execute trades, test customer services. I hold an MSc in International Business from the University of Middlesex. My purpose is to help people find the best investment provider.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.

Visit FBS 72.12% of retail CFD accounts lose money
Visit Admirals (Admiral Markets) 80% of retail CFD accounts lose money
Visit XM 75.33% of retail CFD accounts lose money
Visit Tickmill 70% of retail CFD accounts lose money
Visit AvaTrade 71% of retail CFD accounts lose money

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