FBS vs XM
Two brokers, one table. Everything below is taken from what each one publishes on its own site, last read on 2026-09-05. No scores, no ranking.
A Belize-licensed broker with its own app, MetaTrader 4 and 5, and a large partner programme.
Standard and Ultra Low accounts from a $5 deposit, with a separate Shares account.
| Detail | FBS | XM |
|---|---|---|
| Regulation | FBS Markets Inc., FSC Belize licence 000102/31 (reg. 000001317), Belize City | XM Global Limited, FSC Belize licence 8557558 (Securities Industry Act 2021) |
| Minimum Deposit | — | $5 (Standard, Ultra Low) · $10,000 (Shares) |
| Platforms | FBS App, MetaTrader 4, MetaTrader 5, MultiTerminal | MetaTrader 4, MetaTrader 5, XM App |
| Account Types | — | Standard, Ultra Low, Shares |
What the figures say
- XM publishes its minimum deposit ($5 (Standard, Ultra Low) · $10,000 (Shares)); FBS does not state one on the pages we read.
- Platforms: FBS lists FBS App, MetaTrader 4, MetaTrader 5, MultiTerminal; XM lists MetaTrader 4, MetaTrader 5, XM App.
- XM publishes its account types (Standard, Ultra Low, Shares); FBS does not state one on the pages we read.
- FBS also lists Metals, Energies.
- XM also lists Commodities.
A figure marked “—” is one that broker does not publish on the pages we could read; it is not a zero. Terms differ by country and change often, so confirm on each site before opening an account.
FBS: why traders choose it
- FBS App plus MetaTrader 4 and 5 on Android, iOS, web, Windows and macOS
- MultiTerminal and a VPS for traders running several accounts or EAs
- Forex, exotic forex pairs, metals, indices, energies and stocks
- FBS Academy, webinars, analytics and trading calculators built into the site
- Payment processing handled by a Cyprus company named in the footer
XM: why traders choose it
- Standard and Ultra Low accounts open from $5
- Ultra Low is the account XM points high-volume traders to, for lower spreads and swaps
- A separate Shares account for buying stock, from $10,000
- Bonuses on the Standard account, described by XM as boosting trading power
- Copy trading, trading competitions and a loyalty club run alongside the accounts
FBS pros
- A wide device list: the same accounts on phone, web and desktop
- A published Belize licence number and physical address
- Strong education section for a first account
FBS cons
- The account-types page we requested returned a 404, so minimum deposit, spreads and leverage are not confirmed here
- Not available to residents of the USA, EU, UK, Israel, India, Iran or Myanmar
- A single offshore licence on the international site
XM pros
- One of the lowest entry points anywhere at $5
- The Ultra Low account gives a cheaper option without a commission model to learn
- MetaTrader 4 and 5 plus their own app, so nothing unfamiliar
XM cons
- The global site is the Belize entity; XM's European and Australian entities have different leverage caps and protections
- Spreads and leverage figures were not on the accounts page we read; they are in the account details after sign-up
- Bonuses come with their own terms, which are worth reading before taking one
About FBS
FBS is operated by FBS Markets Inc., licensed by the Financial Services Commission of Belize. It offers forex, metals, indices, energies and stocks on its own app, MetaTrader 4, MetaTrader 5 and MultiTerminal, with a large education and partner programme.
About XM
XM offers three accounts on its global site: Standard and Ultra Low, both from a $5 minimum, and a Shares account from $10,000. The global entity, XM Global Limited, is licensed by the Financial Services Commission of Belize.
More comparisons
How this page is put together. Both columns use the same fields as the individual reviews, read from each broker's own site. Some links are affiliate links, which may earn Cubie FX a commission at no extra cost to you. Placement is not for sale and nothing here is ranked.