FBS vs Firstrade compared

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

FBS
Firstrade
75.2% of retail CFD accounts lose money

Last update of dataNov 2022

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.

Firstrade

Firstrade is a US discount broker regulated by the top-tier SEC and FINRA.

Recommended for beginners and investors looking for zero-commission trading, focusing on the US market.

FBS's service is on par with Firstrade's and a comparison of their fees shows that FBS's fees are similar to Firstrade's.

Account opening takes somewhat less effort at FBS compared to Firstrade, deposit and withdrawal processes are more seamless at FBS, while customer service quality is much better than Firstrade's.

Our experts rated the trading platform of FBS as being of the same quality as the platform of Firstrade, found that clients have access to slightly less markets and products with FBS, while Firstrade provides just about the same quality of 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
4.3

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

Overall Score
4.5

Recommended for Beginners and investors looking for zero-commission trading, focusing on the US market

Country of origin

Cyprus

Country of origin

USA

Fees

Fees score
4.1
Fees score
4.4
Fees summary

Low trading and non-trading fees

Fees summary

Low trading and non-trading fees, free stock, ETF, fund and options trading

Stock and ETF fees

Forex fees

Fund fees

Bond fees

Options fees

Futures fees

CFD fees

Non-trading fees

Deposit and withdrawal

Deposit and withdrawal score
4.5
Deposit and withdrawal score
2.2
Number of base currencies

2

Number of base currencies

1

Deposit type

Withdrawal type

Account opening

Account opening score
5.0
Account opening score
4.2
Account opening fully online
Account opening fully online
Minimum deposit
*

$0.99

*
Minimum deposit
*

$0

*
Time to open account

1 day

Time to open account

1-3 days

Required documents

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

Required documents

Proof of identity: SSN / passport / national ID card / driver's license

Trading platform

Web platform score
3.2
Web platform score
4.3
Mobile platform score
4.3
Mobile platform score
3.8
Desktop platform score
3.7
Desktop platform score
-

Markets and products

Markets and products score
2.1
Markets and products score
3.2
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
4.5
Research score
4.8
Charting quality

Mid-range

Charting quality

Great

Education score
5.0
Education score
3.5
Demo account
Demo account

Customer service

Customer service score
5.0
Customer service score
1.1
Phone
Phone
Live chat
Live chat
Email
Email
24/7 availability
24/7 availability

Security

Investor protection amount

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

Investor protection amount

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

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

2009

Foundation date

1985

Country of regulation

Cyprus, Australia, Belize

Country of regulation

USA

FBS

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

Firstrade

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.

Brokers displayed might not be available in United States.

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