Compare FBS Vs Interactive Brokers: Which is the Better Forex Broker in 2024?
FBS Vs Interactive Brokers, 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 Interactive Brokers, here is the direct comparison:
Feature | FBS | Interactive Brokers |
General Rating |
3.65/5 |
2.42/5 |
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Score | 84 | 66 | |
Trustpilot |
3.7/5 565 users |
3.5/5 2644 users |
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💼 Regulation | |||
❗Info | |||
⌛ Established | 2009 | 1977 | |
💲 Min Deposit | $5 | $10000 | |
⚖ Max Leverage | 1:3000 | 1:100 | |
🔢 Spread | Variable | Fixed | |
💸 Commissions | from $0 | ||
💡 Min Position | 0.01 lot | 0.25 lot |
💳 Payment | Credit/debit cards, FasaPay, Local bank transfer, Neteller, Perfect Money, Skrill, UnionPay and Wire transfer | Wire transfer, Check and BPAY | |
🏢 Office(s) |
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🧩 Demo Account | |||
📁 Segregated Account | |||
🕋 Islamic Account | |||
👨💻 PAMM Account | |||
📈 Managed Account | |||
LAMM Account | |||
MAM Account |
💱 Hedging | |||
🇺🇸 US traders | |||
📫 Requires sending documents via postal mail | |||
🕛 Swaps | |||
☎️ Trading by telephone |
🏆 Trading contests | |||
⚡ Automated trading | |||
💰 Bonus offers | |||
📖 Free education | |||
👔 Affiliate program |
1️⃣ One-click trading | |||
⏱ Trailing stop | |||
⏳ Pending orders |
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🗣 Website Languages | Arabic, Bengali/Bangla, Burmese, Chinese, English, French, German, Indonesian, Italian, Japanese, Korean, Laothian, Malay, Portuguese, Spanish, Thai, Turkish, Urdu, Vietnamese | German, Spanish, French, Italian, Japanese, Russian, Chinese |
🚪 Trade Now | Open FBS | Open Interactive Brokers |
Testimonials
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FBS: Safety
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FBS: Almost caught breakout
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FBS: My new level of trading
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FBS: Conditions
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FBS: Trading at high speed
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FBS: Safety
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FBS: Almost caught breakout
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FBS: My new level of trading
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FBS: Conditions
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FBS: Trading at high speed
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Interactive Brokers: I have worst CS moment here. They are a bit...
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Interactive Brokers: While the platform is good. When you have a problem...
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Interactive Brokers: The web site does not always connect you may have...
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Interactive Brokers: The platform is absolutely solid and the folks at IB...
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Interactive Brokers: Pros: Fast, InexpensiveCons: Terrible Scanner, Horrible Charts, Customer Services
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FBS: Safety
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See More FBS Testimonials
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See More Interactive Brokers Testimonials
News
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FBS 15th Anniversary Bash: Your Chance to Win iPhone 15 Pro Max!
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Interactive Brokers Forex Broker Sees 11% Jump in DARTs
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Interactive Brokers Rocks Q4: Strong Revenue Led by Options Surge
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FBS Sweeps Three Prestigious Nominations at the WBO Awards 2023
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Interactive Brokers Continues Success, Surpassing 2.5 Million Clients
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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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Interactive Brokers Merging Europe and Ireland Office
Articles
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Guide to Trade with Cent Account on FBS Broker
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How to Verify Account on FBS in 2024
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FBS Recap in 2023: A Performance Review
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Unveiling FBS Features for News Trading
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FBS Mobile App Review: Is It a Good Choice for Traders?
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Amplify Your Trading Profit with FBS 100% Bonus
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Begin Your Trading Journey with FBS $100 Quick Start Bonus
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A Brief Guide to Trade Forex Exotic Pairs on FBS
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What is FBS Crypto Trading Account?
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How to Open an Account Instantly on FBS Broker
Bonus
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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 Interactive Brokers offers Fixed spread.
FBS vs Interactive Brokers: 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, Interactive Brokers provides trading with Web Trader (SerSart), FX-Trader, Trader Workstation with the support of One-click trading, Trailing stop, Pending orders.
Is FBS or Interactive Brokers 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 Interactive Brokers presents the ability of trading with Forex, Gold & silver, CFD, Stocks, Options, Futures, Bonds, ETF, Crypto.
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.
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