Both XM and FBS are popular retail brokers in the Forex industry, and one of the common features is the provision of micro trading accounts.。In a micro account, you can open a micro hand to avoid the risk of investing too much money at once。

XM

XM has been operating since 2009 and is headquartered in Cyprus, with a minimum deposit of $5 to open an account with XM。Here are the main features of XM:

监管

Both the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC) have approved XM to operate and oversee the company, helping to keep client assets safe and ensure the company complies with stringent regulatory standards set by the most authoritative authorities.。

In addition, XM is registered with the Belize International Financial Services Commission and the Dubai Financial Services Authority.。

Platform

XM's customers have the opportunity to trade on a variety of platforms, including the well-known PC-side MetaTrader 4 / 5 trading platform, as well as online trading directly in the customer's browser, without downloading or installing any additional software。

As long as there is a network connection, the mobile trading application can access your trading account at any time, MT5 provides more advanced functions and features than MT4。

Education

XM's research and education department has a large library that includes a variety of educational resources on topics not limited to daily market updates, economic world events, tutorial videos, webinars and workshops。Frequently updated by 20 multilingual market experts, this section provides a variety of information for traders of all levels, from beginners to experienced。

Customer Support

With more than 450 employees, XM provides customer support in more than 30 languages worldwide, 24 / 7 via phone, chat and email。

The instant chat function provided by XM is the easiest and most effective way to get in touch with the company's customer service department。If you use this feature during working hours, a real person will reply to your inquiry and provide answers。

FBS

FBS has been operating since 2009 and is headquartered in Belize。The minimum deposit for opening an account with FBS is $1, and the following are the main features of FBS:

监管

Tradestone Limited is a Cyprus-based company providing financial investment services and is the owner and operator of the European division of FBS, which is supervised by the Cyprus Securities and Exchange Commission (CySEC).。

Belize's International Financial Services Commission (IFSC) oversees the operation of FBS, a company that operates websites worldwide。

Platform

You can use MT4 and MT5 trading platforms through FBS, which are almost identical in terms of appearance and services provided。The only difference is that MT5 is the latest version with more features and even enhances the original features of the MT4 platform.。

Desktop versions of both systems can be downloaded as PC-side applications for use on Windows and MAC computers, respectively。In addition, you can also access through a web browser or even a mobile application。

Education

The FBS website lists several highly recommended forex books that people just getting started are encouraged to buy and read。Most of these books are available for purchase on Amazon's website and provide links to their respective product pages, with more than a hundred copies to choose from.。

Almost every week there are new webinars, held regularly and in different places。In addition, there are video courses on MetaTrader, the services offered by FBS and general forex trading。If you are new to trading, these courses will help you, but not every broker will provide customers。

Customer Support

FBS claims that its customer service center is available 24 / 7 and can provide assistance to customers in multiple languages. Customers can contact them by phone, email, fax and forms requesting return calls。

You can use the call-back form to arrange for staff to call you at a convenient time。You can have instant conversations with them through online chat, Viber, Facebook Messenger, and Telegram。They have profiles on social media platforms like Facebook, Instagram, Twitter and YouTube。

Conclusion

Both XM and FBS offer several different trading accounts, with the most popular account type being the mini account。

XM offers no commissions for micro accounts, with spreads starting at 1 point。FBS offers commission-free micro-accounts with spreads starting at 3 points。

Given that XM is more tightly regulated than FBS, it is better both overall and in terms of micro accounts。