Alpaca Trading vs FBS compared

Online brokers compared for fees, trading platforms, safety and more. See how Alpaca Trading stacks up against FBS!

Alpaca Trading
FBS
75.2% of retail CFD accounts lose money

Last update of dataDec 2022

Alpaca Trading

Alpaca Securities LLC is US-based broker providing commission-free API stock trading. The company is regulated by the top-tier SEC and FINRA:

Recommended for traders interested in algorithmic stock trading.

FBS

FBS is a global CFD broker. It is regulated by multiple financial authorities, including CySEC or ASIC.

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

Alpaca Trading's service is slightly better than FBS's and a comparison of their fees shows that Alpaca Trading's fees are slightly lower than FBS's.

Account opening takes about the same effort at Alpaca Trading compared to FBS, deposit and withdrawal processes are considerably more complicated at Alpaca Trading, while customer service quality is lower than FBS's.

Our experts rated the trading platform of Alpaca Trading as being of the same quality as the platform of FBS, found that clients have access to slightly more markets and products with Alpaca Trading, while FBS provides somewhat lower-quality research and education.

*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.

Basic data of broker

Overall Score
4.7

Recommended for Traders interested in algorithmic stock trading

Overall Score
4.3

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

Country of origin

USA

Country of origin

Cyprus

Fees

Fees score
4.8
Fees score
4.1
Fees summary

Free stock and ETF trading, low non-trading fees

Fees summary

Low trading and non-trading fees

Stock and ETF fees

Forex fees

Fund fees

Bond fees

Options fees

Futures fees

Crypto fees

CFD fees

Non-trading fees

Deposit and withdrawal

Deposit and withdrawal score
1.8
Deposit and withdrawal score
4.5
Number of base currencies

1

Number of base currencies

2

Deposit type

Withdrawal type

Account opening

Account opening score
4.8
Account opening score
5.0
Account opening fully online
Account opening fully online
Minimum deposit
*

$0

*
Minimum deposit
*

$0.99

*
Time to open account

1 day

Time to open account

1 day

Required documents

Social security number, other proof of residence

Required documents

Proof of identity: national ID / passport Proof of residency: bank statement / utility bill

Trading platform

Web platform score
3.7
Web platform score
3.2
Mobile platform score
4.2
Mobile platform score
4.3
Desktop platform score
-
Desktop platform score
3.7

Markets and products

Markets and products score
2.6
Markets and products score
2.1
Stocks
*
*
Stocks
Fractional shares
*
*
Fractional shares
ETFs
*
*
ETFs
Forex
Forex
Funds
Funds
Bonds
Bonds
Options
Options
Futures
Futures
Crypto
Crypto
CFDs
CFDs
CFD disclaimer

Disclaimer: 75.2% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Research, education

Research score
5.0
Research score
4.5
Charting quality

Great

Charting quality

Mid-range

Education score
5.0
Education score
5.0
Demo account
Demo account

Customer service

Customer service score
3.7
Customer service score
5.0
Phone
Phone
Live chat
Live chat
Email
Email
24/7 availability
24/7 availability

Security

Investor protection amount

$500,000 (securities up to $500,000, cash up to $250,000)

Investor protection amount

€20,000 for EEA residents, no protection for other customers

Banking background
Banking background
Listed on stock exchange
Listed on stock exchange
Foundation date

2015

Foundation date

2009

Country of regulation

USA

Country of regulation

Cyprus, Australia, Belize

Alpaca Trading

For detailed information and hands-on experience, read our review of this broker.

FBS

For detailed information and hands-on experience, read our review of this broker.

*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.

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.

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