FXChoice vs FBS Broker Comparison

Are you trying to figure out which is a better broker, FXChoice or FBS? After rigorously testing both brokers and putting each through our accurate and extensive reviewing process, we have concluded that FXChoice is the better of the two. FXChoice offers 50+ instruments, licenses from IFSC, and fair trading fees.

In the tables below, you can compare the features of FXChoice and FBS 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 FXChoice higher than FBS.

Rating
93.8/100
92.5/100
Min. Deposit
100$
1$
Regulated By
IFSCIFSC
FCAFCA
CySecCySec
ASICASIC
IFSCIFSC
Bonus
15%
100%
Min. Spread
1.4
1
Max. Leverage
1:200
1:3000
Currency Pairs
36
35
Trading Instruments
50+
70+
Trading Platforms
MT4, MT5, mobile
MT4, MT5, mobile, WebTrader, Private
Deposit Methods
Bank transfer, Visa, MasterCard, Skrill, Neteller, FasaPay, PaySafe, ePay, E-Wallet and more
Bank transfer, Visa, Skrill, Neteller, PerfectMoney, bitwallet
Type of Brokers
Market Maker/NDD
STP/ECN
Customer Support
24/5
24/7
Language Support
8
17
Established
2010
2009
Used By
100,000+ Traders
17,000,000+ Traders

Does FXChoice or FBS 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 FXChoice and FBS are, we first considered the common fees on Standard Accounts. At FXChoice the average spread for the EUR/USD currency pair is 1.4 pips, whilst at FBS the spread is 1.

This shows that FBS is the better option for low-cost forex trading.

When it comes to non-trading fees, FXChoice charges for deposit, withdrawal. FBS charges for deposit, withdrawal. With this in mind, both brokers offer similar non-trading fees.

When our experts analyzed the specific costs of both brokers, we found that FXChoice is the better option.

Trading Fees*

*Based on Standard account type.

Non-Trading Fees

Which broker is safer, FXChoice or FBS?

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.

FXChoice is regulated by IFSC and does not offer client protection. FBS is regulated by FCA, CySec, ASIC, IFSC and does not offer client protection.

Considering these two factors, and the general reputation and history of both brokers, we believe that is the safer broker.

Broker summary

How many trading instruments are available at FXChoice and FBS?

FXChoice provides traders with 50+ instruments. This includes 36 currency pairs, 3 cryptocurrencies, and 0 stocks and shares. With FXChoice, you can also trade CFDs.

In comparison, FBS boasts 70+ tradable instruments. FBS offers 35 currency pairs, 0 cryptocurrencies, and 33 stocks and shares. FBS also allows CFD trading.

As both brokers offer the same total number of instruments, both are great choice if you are wishing to diversify your trading portfolio.

Markets and Products

Which broker offers the best trading platform, FXChoice or FBS?

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.

FXChoice provides you with the ability to trade via 3 trading platforms, and FBS has 5 trading platforms. Both brokers also offer research and trading tools, however FBS has more.

Overall, our experts agree that FBS boasts the better trading platform offering.

Research Tools

Which is better for beginners, FXChoice or FBS?

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

Which broker is better overall?

Overall, our tested reviewing methodology proves that FXChoice is the better broker in a range of key areas. You can learn more by reading our FXChoice and FBS reviews.

FXChoice vs FBS
FXChoice
93.8
Points
FBS
92.5
Points
Overall
1 points
FXChoice
96
Points
FBS
89
Points
Commissions & Fees
7 points
FXChoice
93
Points
FBS
93
Points
Licensing & Safety
FXChoice
98
Points
FBS
95
Points
Trading Platforms & Tools
3 points
FXChoice
97
Points
FBS
92
Points
Payments
5 points
FXChoice
92
Points
FBS
90
Points
Customer Service
2 points
FXChoice
87
Points
FBS
96
Points
Educational
9 points
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