Trading CFDs carries a high risk of losing money rapidly. Confirm this broker's current loss-rate disclosure and regulated entity before opening an account. Read the full risk disclosure.
FBS vs XM
A field-by-field comparison based on the current BrokaBoy catalogue. Check current pricing and the regulated entity on each broker's website before deciding.
Some figures on this page are taken from broker-published information and have not yet been checked against current terms. Confirm details on the broker's website.
Last updated: 4 October 2026 · Reviewed by BrokaBoy Research Team
| Field | FBS | XM |
|---|---|---|
| BrokaBoy score | 7.4/10 | 8.0/10 |
| Trustpilot rating | Trustpilot 4.3 (9,902 reviews) | Trustpilot 2.1 (3,130 reviews) |
| Listed minimum deposit | $5 | $5 |
| Advertised spread from | 0.7 pips | 0.6 |
| Advertised maximum leverage | 1:3000 | 1:1000 (equity dependent) |
| Regulators | IFSC, CySEC, ASIC, FSCA | CySEC, ASIC, IFSC, DFSA |
| Platforms | MetaTrader 4, MetaTrader 5 | MetaTrader 4, MetaTrader 5 |
| Instruments | Forex, Indices, Commodities, Stocks, Crypto | Forex, CFDs, Stocks, Commodities, Crypto |
| Account types | Cent, Standard, Pro, Zero Spread | Standard, Ultra Low, Shares |
| Founded | 2008 | 2009 |
| Spread type | Variable | Spreads from 0.6 pips on Standard, tighter on Ultra Low; Micro accounts share Standard pricing. |
| Commission | Varies by account type | No commission on Micro, Standard or Ultra Low accounts. |
| Overnight / swap | Overnight swap charges apply on positions held past rollover. | Standard nightly swap; Islamic accounts available swap-free. |
| Withdrawals | Most withdrawal methods are free; third-party fees may apply. | XM covers withdrawal fees on most methods; inactivity fee applies after 90 days idle. |
Key differences
- XM has the higher BrokaBoy score (8.0/10 vs 7.4/10).
- Both brokers hold licences with IFSC, CySEC, ASIC.
- Only FBS lists Indices among its instruments.
- Only XM lists CFDs among its instruments.
Which should you choose?
- Choose FBS if access to Indices is essential, and confirm it is available under your entity.
- Choose XM if access to CFDs is essential, and confirm it is available under your entity.
- Choose the broker whose regulated entity covers your country and provides the protections you need; confirm this on the regulator's register.
Frequently asked questions
Which has the lower minimum deposit, FBS or XM?+
Both list the same minimum deposit of $5. Confirm current terms with each broker.
Are FBS and XM regulated by the same authorities?+
They share IFSC, CySEC, ASIC. FBS lists IFSC, CySEC, ASIC, FSCA; XM lists CySEC, ASIC, IFSC, DFSA in our catalogue.
Which has the higher BrokaBoy score?+
XM scores 8.0/10 against 7.4/10. The score is calculated from advertised catalogue data and excludes Trustpilot ratings.
Do FBS and XM support the same platforms?+
Both list MetaTrader 4, MetaTrader 5.
