FBS vs XM - Which broker is better in 2024?

In the competitive world of Forex trading, choosing the right broker can be a pivotal decision for traders of all experience levels. This article provides an in-depth comparison between two prominent Forex brokers, FBS and XM, to determine which one might be the better choice in 2024.


The Forex market is the largest financial market globally, and the choice of broker can significantly affect your trading performance. FBS and XM are both well-established brokers in the industry, offering a range of services to accommodate both novice and experienced traders. This comparison aims to dissect their offerings to help traders make an informed decision based on current trends, statistical data, and unbiased analysis.

Broker Overview


  • Founded: 2009

  • Regulation: CySEC, IFSC

  • Features: Offers various account types, including cent accounts for beginners and ECN accounts for advanced traders, comprehensive educational resources, and competitive spreads.


  • Founded: 2009

  • Regulation: IFSC, CySEC, ASIC

  • Features: Known for its wide range of trading instruments, robust educational offerings, and support for multiple trading platforms including MT4 and MT5.

Trading Conditions

Leverage and Spreads

  • FBS: Offers leverage up to 1:3000, which is one of the highest in the industry, allowing traders to open larger positions with a smaller capital outlay. However, high leverage also increases risk.

  • XM: Provides leverage up to 1:888, slightly more conservative than FBS, appealing to traders who wish to balance risk and reward.

Fees and Commissions

  • FBS: Charges vary depending on the account type; for example, the ECN account has a commission but offers lower spreads.

  • XM: Also varies; typical accounts have higher spreads but no commissions, which can be beneficial for simpler cost calculations.

Platform and Tools

Both brokers offer MetaTrader 4 and MetaTrader 5, the leading platforms in Forex trading. They provide automated trading options, advanced charting tools, and market indicators. However, the choice between brokers might come down to personal preference for interface layout, additional tools, or the mobile trading capabilities.

User Experience

  • FBS: Users report a user-friendly interface and responsive customer service. The mobile app is highly rated for its functionality and ease of use.

  • XM: Similarly, users appreciate the comprehensive educational resources and consistent customer support, making it a favorite for new traders.

Regulatory Compliance and Security

Both FBS and XM are well-regulated by multiple authorities, ensuring they adhere to strict financial standards and offer high levels of trader protection. This regulatory framework is crucial for assessing the reliability and safety of a broker.

User Reviews and Feedback

Customer Satisfaction

  • FBS: Generally receives positive feedback for its customer service and the breadth of its educational content.

  • XM: Users often cite the usability of its platforms and the depth of its educational resources as major positives.


Choosing between FBS and XM in 2024 depends largely on your specific trading needs and preferences. If higher leverage and diverse account types are your priority, FBS may be the better choice. Conversely, if you value a more balanced approach to leverage and a strong educational foundation, XM could be more suitable.

Both brokers offer robust platforms, comprehensive educational materials, and competitive trading conditions, but your individual trading strategy and risk tolerance should guide your decision. As always, consider consulting with financial advisors or conducting personal trials to ascertain which broker best aligns with your trading goals.

For further comparison and detailed reviews, visit the official websites of FBS and XM.

Ready to trade your edge?

Start trading with a global, award-winning broker.

Try a Free Demo Open a Live Account