FXCC versus FBS

FXCC offers traders the out-of-the-box MT4 trading platform and supports asset managers via the MAM module. It streamlined its account structure to one option for all traders, free of minimum deposit requirements for restriction-free portfolio building and high leverage ideal for demanding traders. The educational section covers introductory topics, but FXCC publishes quality daily trading signals.

FBS is one of the largest brokers industry-wide, serving 23+ million traders from 150+ countries with 410,000+ partners. The minimum deposit is only $100, but the competitive trading environment requires $1,000. FBS maintains three trading platforms and six trading accounts. Its low trading costs and high leverage create an edge for demanding traders.

I have conducted an in-depth review of FXCC and FBS to determine which one presents the better overall choice and which traders will benefit the most at either broker.

• Features and Platforms
• Available Markets
• Typical Spreads and Fees
• Security and Trust
• FXCC versus FBS - Verdict

Headquarters	Belize	Cyprus
Regulators	ASIC, CySEC, FSC Belize	CySEC, VFSC
Tier 1 Regulator(s)?		N/A
Owned by Public Company?		N/A
Year Established	2009	2010
Execution Type(s)	ECN/STP	ECN/STP, No Dealing Desk
Minimum Deposit	$5	$50
Negative Balance Protection		N/A
Trading Platform(s)	Other, MetaTrader 4, MetaTrader 5+	MetaTrader 4
Average Trading Cost EUR/USD	$11.00	N/A
Average Trading Cost GBP/USD	$14.00	N/A
Average Trading Cost WTI Crude Oil	$0.05	N/A
Average Trading Cost Gold	$0.31	N/A
Retail Loss Rate	69.21%	N/A
Minimum Raw Spreads	Not applicable	N/A
Minimum Standard Spreads	0.7 pips	N/A
Minimum Commission for Forex	Commission-free	N/A
Islamic Account
Signals
US Persons Accepted?
Managed Accounts
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Features and Platforms

MT4
MT5
MT4/MT5 Add-Ons		N/A
cTrader
Proprietary Platform
Automated Trading
Social/Copy Trading		N/A
DOM?		N/A
Guaranteed Stop Loss
Scalping
Hedging
One-Click Trading		N/A
OCO Orders
Interest on Margin
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Noteworthy:

Both brokers offer generous bonuses. FXCC remains the better choice for algorithmic and high-frequency traders. FBS is ideal for social traders due to its large trading community and proprietary copy trading platform.

Available Markets

Currency Pairs		N/A
Cryptocurrencies		N/A
Commodities
Crude Oil
Gold
Metals
Equity Indices
Stocks (non-CFDs)		N/A
Bonds		N/A
ETFs
Options		N/A
Futures		N/A
Synthetics		N/A
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FXCC is primarily a Forex broker with a competitive selection of 71 currency pairs, providing traders will broad-based exposure. FBS only lists 37 currency pairs, insufficient for demanding traders but satisfactory for beginners. While FXCC does not offer equity trading, FBS has a collection of popular blue-chip stocks that trend on social media.

Typical Spreads and Fees

Average Trading Cost EUR/USD	$11.00	N/A
Average Trading Cost GBP/USD	$14.00	N/A
Average Trading Cost WTI Crude Oil	$0.05	N/A
Average Trading Cost Gold	$0.31	N/A
Average Trading Cost Bitcoin	$20.00	N/A
Minimum Raw Spreads	Not applicable	N/A
Minimum Standard Spreads	0.7 pips	N/A
Minimum Commission for Forex	Commission-free	N/A
Deposit Fee		N/A
Withdrawal Fee		N/A
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The cost structure at both brokers remains excellent, and average costs are similar. FXCC lists commission-free spreads as 0 pips with an average of 0.5 pips versus 0.3 pips and 0.8 pips at FBS. The -0.1 pips negative spread on the EUR/USD comes with a $6.00 commission for a total execution cost of $5.00.

Security and Trust

Country of the Regulator	Australia, Belize, Cyprus	N/A
Name of the Regulator	ASIC, CySEC, FSC Belize	CySEC, VFSC
Regulatory License Number	000102/6, 331/17, 426359	N/A
Regulatory Tier	4, 1, 1	N/A
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Traders get equally secure and trustworthy environments at both brokers, including negative balance protection and the segregation of client deposits from corporate funds. FXCC serves all non-EEA traders from its unregulated but duly registered Vanuatu subsidiary. The CySEC subsidiaries offer an investor compensation fund, but trading conditions in Vanuatu and Belize remain more competitive.

FXCC vs FBS – Verdict

FXCC

FBS

Despite many similarities between FXCC and FBS, FXCC takes an overall lead as it offers Forex traders a better trading environment. It lists more currency pairs and lower average trading costs, especially for high-frequency and high-volume traders. FBS presents a competitive introduction to multi-asset trading but fails to provide in-depth services for each asset class.

You might also be interested in reviewing the below broker comparisons:

• FBS vs XM
• FBS vs LiteForex
• FBS vs OctaFX
• FXCC vs IG Markets
• FXCC vs Oanda
• FXCC vs XM

FAQs

Is FXCC a regulated broker?

FXCC has a regulatory license from the CySEC but caters to all non-EEA traders from its unregulated but duly registered Vanuatu subsidiary. FXCC remains one of the most trusted brokers industry-wide.

Is FBS a good broker in South Africa?

FBS offers South African traders a very competitive entry-level trading environment. The proprietary copy trading service and mobile app serve the core South African Forex market well.

Is FXCC an ECN broker?

FXCC is an ECN broker with a highly competitive pricing environment, ideal for demanding Forex traders, scalpers, and high-volume traders.