FXGT
FBS
FXGT vs FBS
A detailed side-by-side comparison based on our hands-on testing across 8 scoring categories.
FXGT and FBS are both popular choices for forex and CFD traders, but they cater to different needs and experience levels. FXGT, founded in 2019 and headquartered in Limassol, Cyprus, is regulated by CySEC, FSA and offers spreads starting from 0.0 pips with a minimum deposit of $5. FBS, established in 2009 in Belize City, Belize, holds licenses from IFSC, CySEC with spreads from 0.7 pips and a $5 minimum deposit. In our hands-on testing across 8 scoring categories, FXGT scored 7.2/10 overall compared to FBS's 7.2/10, making it the stronger pick for most traders. That said, FBS holds its own with superior education resources, so your ideal broker depends on what you prioritize in a trading partner.
Key Differences at a Glance
- 📊
FXGT scores 7.2/10 overall vs 7.2/10 for FBS — a 0.0-point difference.
- 📈
FXGT offers 400+ instruments vs 250+ at FBS — a notable difference in market coverage.
- 🖥️
FXGT runs on MT5, while FBS uses MT4, MT5, FBS Trader App — different ecosystems for different trading styles.
- ⚡
The biggest gap is in Regulation & Trust: FXGT scores 7.5 vs 6.5 for FBS — a 1.0-point difference.
Our Verdict
FXGT
Score: 7.2/10 · Wins 4 categories- You want lower spreads and trading fees
- Top-tier regulation and fund safety are your priority
- Responsive customer support matters to you
- You want access to a wider range of instruments
FBS
Score: 7.2/10 · Wins 1 categories- You're a beginner who values learning resources
- You prefer FBS's trading environment overall
FXGT takes the lead with an overall score of 7.2/10 compared to 7.2/10, winning in 4 out of 8 scoring categories. FXGT stands out for lower trading costs and stronger regulation, while FBS fights back with superior education resources.
Detailed Verdict
After testing both brokers with real accounts, FXGT comes out ahead with a 7.2/10 overall rating, winning 4 out of 8 categories. Its strongest area is Deposit & Withdrawal where it scores 8.0/10. FXGT holds Tier 1 regulation, meaning your funds benefit from top-level investor protection including segregated accounts and compensation schemes. FBS is not without merit — it scores 7.2/10 overall and excels in Deposit & Withdrawal (8.0/10), winning 1 category. Traders who value superior education resources may find FBS the better fit. For a complete breakdown, read our full FXGT review and FBS review — both include account opening walkthroughs, platform screenshots, and withdrawal test results.
Score Breakdown
FXGT wins by 0.5 points
FXGT wins by 1.0 points
FBS wins by 1.0 points
FXGT wins by 0.5 points
FXGT wins by 0.5 points
Full Feature Comparison
Fees & Costs
When it comes to trading costs, FXGT has the edge with a score of 7.5/10 versus 7/10 for FBS. FXGT offers spreads starting from 0.0 pips, while FBS starts from 0.7 pips. The minimum deposit at FXGT is $5, compared to $5 at FBS. Both brokers operate primarily on a spread-based pricing model, though actual costs vary by account type and instrument. For high-volume traders, even small spread differences add up significantly over time, making this an important category to weigh carefully.
Trading Platforms
FXGT scores 7/10 for platforms compared to 7/10 for FBS. FXGT provides MT5, while FBS offers MT4, MT5, FBS Trader App. The choice of platform affects your charting, order execution speed, and available technical indicators. Traders who rely on MetaTrader's algorithmic trading capabilities should check which MT4/MT5 features each broker supports, including custom indicators and expert advisors.
Regulation & Safety
Regulation is crucial for fund safety. FXGT is regulated by CySEC, FSA (Tier 1), while FBS holds licenses from IFSC, CySEC (Tier 1). FXGT scores 7.5/10 and FBS scores 6.5/10 in this category. Tier 1 regulators like FCA, ASIC, and CySEC offer the strongest investor protection, including segregated client funds and compensation schemes. Always verify your broker's specific license for your jurisdiction before opening an account.
Education & Research
For learning resources, FBS leads with 7.5/10 compared to 6.5/10. Quality education materials can shorten your learning curve significantly. Look for brokers offering structured courses, live webinars, and practice demo accounts. FXGT and FBS both provide demo accounts for risk-free practice, but the depth of educational content varies. Beginners should prioritize this category when choosing between the two.
Customer Support
FXGT offers 24/7 Live Chat, Email and scores 7.5/10, while FBS provides 24/7 Live Chat, Email, Phone with a score of 7/10. Reliable support becomes critical during market volatility or when you encounter account issues. Look for brokers with 24/5 or 24/7 availability, multiple contact channels, and support in your preferred language.
Deposit & Withdrawal
FXGT scores 8/10 for deposits and withdrawals, while FBS scores 8/10. FXGT accepts Bank Transfer, Credit Card, Skrill, Neteller, Crypto, and FBS supports Bank Transfer, Credit Card, Skrill, Neteller, Sticpay. Processing times, fees, and available currencies vary. FXGT requires a minimum deposit of $5 versus $5 for FBS. Always check withdrawal conditions and any potential fees before funding your account.
Which Broker Is Right for You?
Choose FXGT if you...
- You want lower spreads and trading fees
- Top-tier regulation and fund safety are your priority
- Responsive customer support matters to you
- You want access to a wider range of instruments
Choose FBS if you...
- You're a beginner who values learning resources
- You prefer FBS's trading environment overall
🗳️ Which Broker Do You Prefer?
Cast your vote — see what other traders think
Frequently Asked Questions
Is FXGT better than FBS?
FXGT scores higher overall (7.2/10 vs 7.2/10), winning 4 of 8 categories. However, FBS is stronger in superior education resources. The best choice depends on what matters most to your trading style.
Which has lower fees, FXGT or FBS?
FXGT scores higher for trading costs. FXGT offers spreads from 0.0 pips with a $5 minimum deposit, while FBS starts from 0.7 pips with $5 minimum. Actual trading costs depend on your instrument, volume, and account type.
Is FXGT safe to trade with?
FXGT is regulated by CySEC, FSA and scores 7.5/10 for regulation. FBS is regulated by IFSC, CySEC with a score of 6.5/10. Both hold recognized licenses, but verify the specific entity covering your region.
Which has better trading platforms, FXGT or FBS?
FXGT scores 7/10 for platforms. FXGT offers MT5, while FBS provides MT4, MT5, FBS Trader App. Your ideal platform depends on whether you prefer proprietary tools, MetaTrader, or third-party solutions.
What's the minimum deposit for FXGT vs FBS?
FXGT requires a minimum deposit of $5, while FBS requires $5. FBS has the lower entry barrier, making it more accessible for beginners or those testing with smaller amounts.
Ready to Start Trading?
Open a free account with either broker and start trading today.