Choosing the best forex broker for beginners is no small matter。Junior traders should choose forex brokers that offer educational resources, low fees and user-to-user trading platforms。Nor should traders underestimate the importance of the law。Even the most beginner-friendly broker may take all your money for no reason if you don't know。

The two most popular Forex brokers for beginners areXM和FBSDue to legal restrictions, they are not favored by American traders。But the two brokers are often chosen as the first choice among junior traders in Asia and also have quite a few fans in Europe and Africa.。

Well, then,How these two forex brokers compare？Which forex broker is better for beginners?？Let's study their facilities and services in detail。

For junior traders,Both XM and FBS have their own advantages。XM is praised for its comprehensive educational resources, including free webinars, tutorials and market research。FBS, on the other hand, attracts junior traders with its ease of use and low transaction costs.。

XM and FBS Education ResourcesContrast

in terms of educational resources,XM Broker is a clear winner。Its Learning Center is full of live training, educational videos, forex webinars, and platform tutorials for beginner, intermediate, and higher stages。Traders can choose their own learning rate, or follow the schedule of XM experts' webinars, or both。

The educational resources provided by FBS are relatively simple, including a guide book and some tutorials on how to start trading with the broker platform。There are also webinars and workshops, which are often conducted in collaboration with local IBs。

XM and FBSComparison of Foreign Exchange Trading Expenses

The comparison of forex trading fees is rarely direct。The most pressing issue is that different Forex brokers offer different account types。在在This is more evident in the case of FBS and XM brokers。

XM Broker offers four account types: Micro Account, Standard Account, XM Ultra Low Account, and Stock Account。FBS offers five account types: sub-accounts, micro-accounts, standard accounts, zero-spread accounts and ECN accounts.。Obviously, the spread and commission fees are different for each account。

Since this article aims to study which forex broker is more suitable for beginners, we will compareXM Micro Account and FBS Sub Account。

 

Broker	XM Micro Account	FBS Cent Account
base currency	S. dollar, euro, British pound, Japanese yen, Swiss franc, Australian Dollar, Hungarian Forint, Polish Zloty, Ruble, Singapore Dollar, South African Rand	cents
Minimum initial deposit	5美元	1 USD
foreign exchange spread	Floating, starting at 1: 00	Floating, starting at 1: 00
Commission per lot	$0	$0
Leverage	Layered, highest 1:888	Non-stratified, highest 1:1000

 

The main difference between the two accounts is the base currency of each account.。FBS uses cents as the base currency, enabling lower account opening deposit requirements。However, this difference doesn't really matter because you actually need $100-500 to make a profit from forex trading.。The two forex brokers also have roughly the same trading fees.。

XM and FBS Forex Trading PlatformContrast

XM and FBS are equally dependent on Metatrader4 and Metatrader5 produced by Metaquotes。each one Available for desktop, web, and mobile phones, and forMetatrader4 adds powerful multi-terminal capabilities。

Both Metatrader4 and Metatrader5 are very standardized, so there is nothing better or worse to say here。As long as you can use Metatrader, you will be able to trade with any broker, no need to look for tutorials。

However, if you are considering trying to copy a transaction (paying a fee to copy a professional's transaction),FBS's platform may be more appropriate。FBS offers copy transactions directly on its proprietary mobile app。Similar services are not available on XM's platform。

XM and FBS Funds SecurityContrast

in terms of the legal guarantee of the security of funds,XM may be more reliable。This broker has been licensed by ASIC Australia, FCA UK, CySEC Cyprus, DFSA Dubai, in addition to several offshore licenses。FBS, on the other hand, is only registered with CySEC in Cyprus and IFSC in Belize (both of which are considered less reliable offshore regulators).。

What also needs to be said is,XM has a relatively good reputation among forex traders。FBS brokers repeatedly criticised for withdrawal delays and dodgy bonus procedures。XM rarely offers giveaways and roadshows, but their long-term loyalty program has attracted a lot of experienced traders。

So, which forex broker would you choose?？If you want to be on the safe side, thenXM might be a better choice。However, if you need the convenience of copying transactions, then FBS should be more attractive。In either case, it's best to start low。Make sure you can easily use the services of the broker of your choice before making a large deposit。

关于For more details on XM brokers and FBS, you can check their in depth reviews。