A lot of people tend to compare FBS and FP Markets forex brokers, often wondering which one of the two is better than the other. However, it’s important to note that this depends on the trader and their individualistic goals. This article will help you decide which one is better for you so you can make an informed decision before choosing one of them.
FBS vs. FP Markets Forex Broker Comparison
General Overview
FBS
Spread: From 0 Pips
Leverage: 3000:1
Min Deposit: $1
Regulated: CySEC, ASIC, IFSC
FP Markets is a major Australian broker that has a 10,000+ asset offering along with a wide variety of tech options, like deploying your forex VPS as well as accessing ECN / DMA pricing.
The Pros
FBS
- Proprietary copy trading service
- Clear account offering covering all trader levels according to their respective net worth
- Access to high leverage (1:3000)
FP Markets
- More than 10,000 + shares
- Offers both MT4 and MT5
- Competitive spreads starting from 0 pips
The Cons
FBS
- The minimum ECN account deposit is high ($1,000)
- Extremely limited asset offering (over 100+ instruments)
FP Markets
- Expensive stock trading commissions compared to similar brokers
- Does not offer ETFs
- The website can be confusing and slow
- Has fees for most deposit and withdrawal methods
Best For
FBS
- New traders who are looking to trade through MT4 with low starting amounts by using their Micro or Cent accounts
- High-volume, experienced traders who prefer the fixed zero-spread account
FP Markets
- High-volume share traders who benefit from the DMA pricing
- Professional traders who are searching for DMA pricing on stocks
- Professional traders who plan on setting up a dedicated VPS
Financial Regulators
FBS
- CySec (Cyprus)
- IFSC (Belize)
- FSCA (South Africa)
- ASIC (Australia)
FP Markets
- CySec (Cyprus)
- ASIC (Australia)
- FSA (the St. Vincent and Grenadines)
Documents Required
FBS
- A valid proof of your residence document (utility bills, bank statement)
- A Valid identity document, such as an ID card, passport, etc.
- All documents have to be under the name of the account holder
FP Markets
- A valid identity document like an ID card, passport, etc.
- A valid proof of your residence document (utility bills, bank statement)
- All documents have to be under the name of the account holder
Payment Methods
FBS
- Mastercard
- Maestro
- Visa
- Neteller
- Sticpay
- Perfect Money
- Skrill
- Bank Transfer (depending on entity and location)
- USDT (Tether)
- Bitcoin
- Ethereum
FP Markets
- Paypal
- Neteller
- Skrill
- Visa
- Mastercard
- Bank Transfer
- FasaPay
- PayTrust
- Broker to broker
- Sticpay
- China Union Pay
- Bpay
- Plusdebit
- Rupee Payments
- Paylivre
- Rapyd
- Finrax
- Fairpay
- Dragonpay
- Perfect Money
Account Base Currencies
FBS
- USD, AUD, EUR.
FP Markets
- GBP, EUR, USD, AUD, CHF, CAD, SGD, NZD, JPY, HKD.
Trading Experience
Minimum Stock Trade Size
FBS
- $1,000 to 0.01 Lots
FP Markets
- Variable
Minimum FX Trade Size
FBS
- $1,000 to 0.01 Lots
FP Markets
- $1,000 to 0.01 Lots
Minimum Commodities Trade Size
FBS
- $1,000 to 0.01 Lots
FP Markets
- Varies by Commodity
Deposit Fees
FBS
- Does not have any fees
FP
- $20 for any international bank transfer withdrawals and $5 for card withdrawals
Withdrawal Fees
FBS
- None
FP Markets
- None
Commissions
FBS
FBS commissions depend on account type:
- Micro account: none
- Cent account: none
- Standard account: none
- ECN account: starting from $6 per lot
- Crypto account: 0.05% for the opening/closing positions
- Zero spread account: starting from $20 per lot
FP Markets
- Does not have a commission on the Standard Account
- RAW Account comes with a $3 per side commission
Conclusion
As you can see, deciding which broker is better depends on your preferences and objectives. For example, for active traders, it’s better to opt for a broker that has a variable spread generally lower than a fixed one. As for a trading platform, the standard choice is MetaTrader 4, but you can always make another choice if the MetaTrader 4 doesn’t suit you.
FAQs
1. Are FP Markets and FBS Available to Every Trader Regardless of the Country They Are From?
Even though FP Markets and FBS provide their respective services to traders in a lot of countries, they are not accessible to everybody because of the local regulations. So make sure to check their official websites or try contacting their customer support so you can learn whether they accept any traders from your country.
2. Do FP Markets and FBS Offer Demo Accounts?
Yes! Both FP Markets and FBS can provide you with demo accounts, allowing you to practice trading and become familiar with the platforms before you begin trading with your real money. In other words, demo accounts can help you gain the necessary experience while developing your trading skills.
3. How Can You Deposit and Withdraw the Funds with FP Markets and FBS?
Both FP Markets and FBS support several deposit and withdrawal methods, such as debit/credit cards, bank transfers, cryptocurrencies like USDT ERC-20, TRC-20 and e-wallets like Neteller and Skrill. Processing times and fees can differ based on your chosen method, so make sure to check the websites to get more information.
4. Can You Trade Cryptocurrencies and Stocks with FP Markets and FBS?
Yes, both FP Markets and FBS provide a range of cryptocurrencies and stocks for trading. However, in comparison to FBS, FP Markets offer a more comprehensive selection of stocks and cryptocurrencies. Keep in mind that diversity is crucially important when it comes to managing a well-balanced investment portfolio, therefore, a wider asset offering will serve as an advantage to those with varied interests.
5. Which Broker Has Better Mobile Trading Apps: FP Markets or FBS?
Both FP Markets and FBS offer equally good mobile trading apps for the MetaTrader 4 as well as MetaTrader 5 platforms, which are compatible with Android and iOS devices. These apps allow you to trade while you are on the go, keep up with market news, and manage your account. The quality of these apps mainly depends on a platform instead of the broker, therefore, both offer pretty similar mobile trading experiences with FP Markets and FBS.
