Are you trying to figure out which is a better broker, FBS or AvaTrade? After rigorously testing both brokers and putting each through our accurate and extensive reviewing process, we have concluded that AvaTrade is the better of the two. AvaTrade offers 250+ instruments, licenses from FSCA, ASIC, IIROC, FSC, FSA, CBI, and fair trading fees.
In the tables below, you can compare the features of FBS and AvaTrade side by side, to work out which suits your trading needs best. You can also carry on reading to find out why our experts ranked AvaTrade higher than FBS.
| Methodology: This tool uses data collected by our honest Forex experts. All information shown here is correct, regardless of any compensation we receive. |  |  |
| OPEN ACCOUNT | Review | Review |
| RATING | 92.5/100 | 96.8/100 |
| MIN. DEPOSIT | 1$ | 100$ |
| REGULATED BY |     |    |
| BONUS | 100% | Up to 20% |
| MIN. SPREAD | 1 | 0.6 |
| MAX. LEVERAGE | 1:3000 | 1:400 |
| CURRENCY PAIRS | 35 | 55 |
| TRADING INSTRUMENTS | 70+ | 250+ |
| TRADING PLATFORMS | MT4, MT5, Mobile, WebTrader, Private | MT4, MT5, Mobile, WebTrader |
| DEPOSIT METHODS | Bank transfer, Visa, Skrill, Neteller, PerfectMoney, bitwallet | Bank transfer, Visa, MasterCard, Skrill, Neteller, PayPal, Union Pay, WebMoney and more |
| TYPE OF BROKERS | STP/ECN | Market Maker |
| CUSTOMER SUPPORT | 24/7 | 24/5 |
| LANGUAGE SUPPORT | 17 | 14 |
| ESTABLISHED | 2009 | 2006 HQ in Dublin |
| USED BY | 17,000,000+ Traders | 200,000+ Traders |
Does FBS or AvaTrade have lower trading costs and fees?
To compare the costs of trading at different brokers, our experts analyze both trading-specific fees, such as spreads, and non-trading fees, such as inactivity charges and payment costs.
To give an overall view of how cheap or expensive FBS and AvaTrade are, we first considered the common fees on Standard Accounts. At FBS the average spread for the EUR/USD currency pair is 1 pips, whilst at AvaTrade the spread is 0.6.
This shows that AvaTrade is the better option for low-cost forex trading.
When it comes to non-trading fees, FBS charges for deposit, withdrawal. AvaTrade charges for inactivity. With this in mind, AvaTrade has lower non-trading fees.
When our experts analyzed the specific costs of both brokers, we found that AvaTrade is the better option.
Trading Fees*
| TYPE OF FEE | FBS | AVATRADE |
|---|---|---|
| Minimum Spread EURUSD (pips) | 1 | 0.6 |
| Commission (%) | 0 | 0 |
| Commission on Islamic Accounts (%) | 0 | 0 |
*Based on Standard account type.
Non-Trading Fees
| TYPE OF FEE | FBS | AVATRADE |
|---|---|---|
| Account Fees | N | N |
| Inactivity Fees | N | Y |
| Deposit Fees | Y | N |
| Withdrawal Fees | Y | N |
Which broker is safer, FBS or AvaTrade?
In order to decide how safe our top-rated brokers are, our experts look at a number of factors. This includes what licenses the broker holds and how reputable those licenses are. We also consider the history of the broker, as a long-standing broker is often more reliable and trustworthy than a newer one.
FBS is regulated by FCA, CySec, ASIC, IFSC and offers client protection. AvaTrade is regulated by FSCA, ASIC, IIROC, FSC, FSA, CBI and offers client protection.
Considering these two factors, and the general reputation and history of both brokers, we believe that AvaTrade is the safer broker.
Broker summary
| FBS | AVATRADE | |
|---|---|---|
| Minimum Deposit (USD $) | 1 | 100 |
| Licenses | FCA, CySec, ASIC, IFSC | FSCA, ASIC, IIROC, FSC, FSA, CBI |
| Max. Leverage | 1:3000 | 1:400 |
| Client Protection | Y | Y |
| Broker Type | STP/ECN | Market Maker |
| Number of Instruments | 70+ | 250+ |
| Currency Pairs | 35 | 55 |
| Stocks | 33 | 617 |
| Cryptocurrencies | 0 | 14 |
| CFDs | Y | Y |
| Proprietary Trading Platform | N | N |
| MT 4 | Y | Y |
| MT 5 | Y | N |
| Mobile Compatible | Y | Y |
| Research Tools | Y | Y |
| Educational Materials | Y | Y |
| Payment Methods | Bank transfer, Visa, Skrill, Neteller, PerfectMoney, bitwallet | Bank transfer, Visa, MasterCard, Skrill, Neteller, PayPal, Union Pay, WebMoney and more |
| 24/5 Customer Support | Y | Y |
| Live Chat | Y | Y |
How many trading instruments are available at FBS and AvaTrade?
FBS provides traders with 70+ instruments. This includes 35 currency pairs, 0 cryptocurrencies, and 33 stocks and shares. With FBS, you can also trade CFDs.
In comparison, AvaTrade boasts 250+ tradable instruments. AvaTrade offers 55 currency pairs, 14 cryptocurrencies, and 617 stocks and shares. AvaTrade also allows CFD trading.
As AvaTrade has 250+ and FBS has 70+, a difference of 180, this shows that AvaTrade offers more opportunities to diversify your trading portfolio.
Markets and Products
| INSTRUMENT | FBS | AVATRADE |
|---|---|---|
| Currency Pairs | 35 | 55 |
| Commodities | 35 | 18 |
| Precious Metals | 4 | 5 |
| Indices | 2 | 20 |
| Stocks and Shares | 33 | 617 |
| Cryptocurrencies | 0 | 14 |
| Options | 4 | 44 |
| ETFs | 1 | 1 |
Which broker offers the best trading platform, FBS or AvaTrade?
When our experts review a broker, they open their own accounts and place trades via the broker’s trading platform. This allows them to fully evaluate the quality of the platform, how easy it is to use and what features it offers.
FBS provides you with the ability to trade via 5 trading platforms, and AvaTrade has 4 trading platforms. Both brokers also offer research and trading tools, however AvaTrade has more.
Overall, our experts agree that FBS boasts the better trading platform offering.
Research Tools
| TOOL | FBS | AVATRADE |
|---|---|---|
| News (from top-tier sources) | Y | Y |
| Trading Signals and Indicators | Y | Y |
| Trade Ideas | Y | Y |
| Expert Analysis | Y | Y |
| Autochartist Tools | N | Y |
| Sentiment Charts | Y | Y |
| Economic Calendar | Y | Y |
Which is better for beginners, FBS or AvaTrade?
To decide how well-suited a broker is for beginner traders, our experts look at what educational materials are available, how accessible the minimum deposit limits are, the range of account types and whether or not you can practice trading with a demo account first.
Considering this, our reviews show that FBS is the better broker for beginner traders as it offers a larger range of educational tools and materials. FBS also has a minimum deposit of $.
Educational Features
| FEATURE | FBS | AVATRADE |
|---|---|---|
| Demo Account | Y | Y |
| Platform Tutorial Videos | Y | Y |
| Educational PDFs | Y | Y |
| Live Webinars | Y | Y |
| YouTube Videos | Y | N |
| Trading Academy | Y | Y |
| Trading Glossary | Y | Y |
Which broker is better overall?
Overall, our tested reviewing methodology proves that AvaTrade is the better broker in a range of key areas. You can learn more by reading our FBS and AvaTrade reviews.
