Compare FBS Vs FXOpen: Which is the Better Forex Broker in 2024?
FBS Vs FXOpen, which one is better? Both brokers are often compared to each other to find which one comes out to be the better one. What many traders may not comprehend is that the best choice may differ for every one of them, and there's nothing wrong with it. To make it easier for you to decide which one is the best between FBS Vs FXOpen, here is the direct comparison:
Compare | FBS | FXOpen |
General Rating |
3.64/5 |
2.86/5 |
Score | ||
Trustpilot |
3.6/5 562 users |
4.2/5 12 users |
πΌ Regulation | ||
β Info | ||
β Established | 2009 | 2003 |
π² Min Deposit | $5 | $1 |
β Max Leverage | 1:3000 | 1:500 |
π’ Spread | Variable | Variable |
πΈ Commissions | from $0 | $1.50 |
π‘ Min Position | 0.01 lot | 0.01 lot |
π³ Payment | Credit/debit cards, FasaPay, Local bank transfer, Neteller, Perfect Money, Skrill, UnionPay and Wire transfer | Wire transfer, Credit/debit cards, FasaPay, Crypto, Litecoin, Ethereum, Crypto Cash, Tether (USDT), WebMoney and AdvCash |
π’ Office(s) |
𧩠Demo Account | ||
π Segregated Account | ||
π Islamic Account | ||
π¨βπ» PAMM Account | ||
π Managed Account |
π± Hedging | ||
πΊπΈ US traders | ||
π Swaps |
π Trading contests | ||
β‘ Automated trading | ||
π° Bonus offers | ||
π Free education |
1οΈβ£ One-click trading | ||
β± Trailing stop | ||
β³ Pending orders |
Forex | ||
CFD | ||
Indexes | ||
Spread Betting | ||
Gold & Silver | ||
Crypto | ||
Stocks | ||
Oil | ||
Metals | ||
Energies | ||
Futures | ||
ETF | ||
Options | ||
Agriculture | ||
Commodities | ||
Stock | ||
Indices | ||
Etf | ||
Bonds | ||
Binary Options | ||
ETFs | ||
Corporate Stocks | ||
Shares | ||
Silver | ||
Index | ||
Physical Stock |
π£ Website Languages | Arabic, Bengali/Bangla, Burmese, Chinese, English, French, German, Indonesian, Italian, Japanese, Korean, Laothian, Malay, Portuguese, Spanish, Thai, Turkish, Urdu, Vietnamese | Arabic, German, English, Spanish, French, Hungarian, Indonesian, Italian, Russian, Chinese, Portuguese, Thai, Turkish |
πͺ Trade Now | Open FBS | Open FXOpen |
Compare Again
Testimonials
News
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FBS 15th Anniversary Bash: Your Chance to Win iPhone 15 Pro Max!
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FXOpen UK Forex Broker Reports 5.5% Revenue Increase
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FBS Sweeps Three Prestigious Nominations at the WBO Awards 2023
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FXOpen Introducing New ETF CFDs, Opening Doors to American, Chinese, and Indian Markets
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FBS Launches Control Your Drive Campaign
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FBS Clinches Best Islamic Forex Account at Forex Expo Dubai 2023
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Rising Influencer Thai Trader Mait Becomes FBS Brand Ambassador
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FBS Builds Collaboration to Offer Accessible STEM Education in Africa
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Putting Clients as Top Priority, FBS Launches #TradersKnowBetter Campaign
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Which one has the better spread?
Considering that spread is a trading cost, the lower the spread, the better it is for traders. However, spread information among brokers is not easy to get, as not every broker transparently publishes their spreads data.
However, traders can still choose their ideal brokers by the type of their spreads. The most two popular types of spread are fixed and variable. The pros and cons between the two spreads can vary for every trader. In this case, FBS provides their pricing with Variable spread while FXOpen offers Variable spread.
FBS vs FXOpen: Who hosts the best trading platform?
The trading platform is essential as you can't execute a trade without it. Additionally, trading platforms provide price charts and an assortment of analytical tools to help traders with their strategies.
To support their clients, FBS enables trading with MetaTrader 4 (Limited with 45 days of inactivity), MetaTrader 5, Web. The offer is supported with One-click trading, Trailing stop, Pending orders. In comparison, FXOpen provides trading with MetaTrader 4 (Limited with 30 days), MetaTrader 5 (Limited with 30 days), TickTrader (Limited with 30 days), TradingView, Web with the support of One-click trading, Trailing stop, Pending orders.
Is FBS or FXOpen better in providing the trading instruments?
It is widely known that forex brokers offer other trading instruments other than currency pairs. The offer gives interesting choices for traders to explore other markets that may be proven beneficial for them and to diversify their trading portfolios.
In this case, FBS supports trading with Forex, Gold & silver, CFD, Indices, Oil, Stock, while FXOpen presents the ability of trading with Crypto, Etf, Commodities, Forex, Gold & silver, CFD, Oil, Stocks, Indexes, Energies.
In conclusion, deciding the better broker eventually comes down to your consideration. If you are an active trader, it is better to choose a broker with a variable spread that is generally lower than the fixed one. For the trading platform, MetaTrader 4 is the standard choice for every trader. But if you want to have a different experience with a more advanced platform, choose the broker that provides alternative platforms. The same goes for trading instruments; if you want to try delving into different markets, seek for a broker with more options on trading instruments.
Looking for more references? Here are other comparisons related to FBS and FXOpen:
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- Compare FXOpen vs ThinkMarkets
- Compare FXOpen vs FIBOGroup
- Compare FXOpen vs Blueberry Markets
For more comparisons, visit this page.