Updated September 29, 2026 · BrokerCue Editorial Team
FBS vs FP Markets
Where FBS and FP Markets differ
| Compare |  FBS |  FP Markets |
|---|---|---|
| Minimum deposit | $5 | A$100 |
| Markets | Stocks, ETFs, Forex, CFDs, MetalsCovers more | Forex, CFDs |
| Regulators | Cyprus Securities and Exchange Commission | ASIC, SIPC |
| Investor protection | EU ICS up to EUR 20,000 | SIPC up to USD 500,000 |
| Retail accounts that lose money | 66.43% | 72.5% |
| Stock trade fee | $0 | Not confirmed |
| Account fee | $0 | Not confirmed |
| Inactivity fee | $0 | Not confirmed |
| EUR/USD spread | 0.5% | Not confirmed |
| Deposit and withdrawal fees | Free | Not confirmed |
| Platforms | MetaTrader 4, MetaTrader 5 | Not confirmed |
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Key differences
- FBS scores higher overall: 9.1 vs 9.0.
- Regulators: only FBS offers Cyprus Securities and Exchange Commission.
- Regulators: only FP Markets offers ASIC, SIPC.
- FP Markets is licensed in 1 more country.
- Markets: only FBS offers Stocks, ETFs, Metals.
Our verdict on each
FBS
Fbs Partners suits readers who want a plain, low cost picture from a firm regulated by the Cyprus Securities and Exchange Commission: the account fee is $0 and the stock trade fee is $0. The EUR/USD spread of 0.5% and the retail loss rate of 66.43% are the figures to weigh before funding.
FP Markets
FP Markets suits traders who want a regulated broker with a real protection scheme behind the money, not the lowest entry cost. It is regulated in Australia and the US, and the US entity carries SIPC cover of SIPC up to USD 500,000. The catch is the entry hurdle: a minimum deposit of AUD 100.
Score breakdown
| Area | FBS | FP Markets |
|---|---|---|
| Cost | 9.3Higher | 8.6 |
| Offer | 9.3Higher | 8.6 |
| Trust | 8.8 | 9.5Higher |
Choosing between them
Pick FBS if cost, offer, and markets matter most.
Pick FP Markets if trust matter most.
Licences and countries
| Country | FBS | FP Markets |
|---|---|---|
| Australia | Not confirmed | |
| Cyprus | Not confirmed | |
| United States | Not confirmed | SIPC SIPC member 71021 |
What we checked
FBS
- investing.com: 10 facts, checked September 26, 2026
- fbs.eu: 7 facts, checked September 26, 2026
- en.wikipedia.org: 1 fact, checked September 26, 2026
FP Markets
- brokerchooser.com: 2 facts, checked September 26, 2026
- sipc.org: 2 facts, checked September 26, 2026
- fxscouts.ng: 1 fact, checked September 26, 2026
- leadiq.com: 1 fact, checked September 26, 2026
How they place
| Ranking | FBS | FP Markets |
|---|---|---|
| Forex brokers | 47 of 147 | 59 of 147 |
| Low-spread forex brokers | 45 of 145 | 57 of 145 |
| CFD brokers | 37 of 122 | 49 of 122 |
Every fact side by side
| Fact | FBS | FP Markets |
|---|---|---|
| Features | Demo account, Mobile app | Not confirmed |
| Pricing model | Commission free | Not confirmed |
| Audience | Beginners | Not confirmed |
| Legal entity | Tradestone Limited | RB INTERNATIONAL MARKETS (USA) LLC |
| Headquarters | Cyprus | Not confirmed |
| Founded | 2009 | Not confirmed |
| Support channels | Email, Phone, Help centre | Not confirmed |
Where each stands against the rest
| Fact | FBS | FP Markets | Median |
|---|---|---|---|
| Stock trade fee | $0at the median | Not confirmed | $0 |
| Account fee | $0at the median | Not confirmed | $0 |
| Inactivity fee | $0at the median | Not confirmed | $0 |
| Retail accounts that lose money | 66.43%below the median | 72.5%above the median | 72.05% |
| EUR/USD spread | 0.5%below the median | Not confirmed | 0.65% |
Median across 91 listed brokers.
Pros and cons
FBS
Pros
- An account regulated by the Cyprus Securities and Exchange Commission: Cyprus Securities and Exchange Commission licenses Tradestone Limited under 331/17, so the contract has a named entity behind it.
- The stock trade fee is $0 on a commission free model, so dealing in the shares and ETFs inside stocks, etfs and forex carries no ticket charge.
- The inactivity fee is $0, so a dormant balance is not quietly drained by account charges.
Cons
- The EUR/USD spread of 0.5% is the charge that lands on every forex and CFD trade, so currency traders feel it more than the flat fees suggest.
- The minimum deposit of $5 sits above CFI's $0, so readers who want the smallest opening balance have a lower floor elsewhere.
- The market list stocks, etfs and forex leaves out crypto and futures, which eToro covers in stocks, etfs and forex.
FP Markets
Pros
- Regulated in Australia and the US, with the US entity covered by SIPC up to USD 500,000.
- A single, named legal entity, RB INTERNATIONAL MARKETS (USA) LLC, holds the SIPC membership, licence SIPC member 71021.
- A focused product: forex and cfds, without a wider asset mix to learn.
Cons
- The minimum deposit of AUD 100 is well above the site median of €4.64.
- A limited market list, forex and cfds, so it does not cover shares, ETFs or crypto.
- The cost score is 3.1, one of the weaker parts of the profile.
Who each suits
FBS
Who it suits
- Beginners opening a new trading account: the minimum deposit is $5 and the account fee is $0.
- Readers who hold shares and ETFs alongside forex: stocks, etfs and forex covers that mix on the same account.
- European readers who want a Cyprus regulated firm: Cyprus Securities and Exchange Commission licenses the entity behind the brand.
Who should look elsewhere
- Readers who want the smallest possible opening balance: CFI takes $0.
- Readers who need crypto or futures in the same account: eToro lists stocks, etfs and forex, and those lines sit outside stocks, etfs and forex.
- Readers who want crypto added to a forex, CFD, stock, ETF and metals mix: Vantage covers forex, cfds and stocks.
FP Markets
Who it suits
- Traders who weight regulator and protection scheme above a low starting amount
- Anyone happy to trade a single market pair of products, forex and cfds
- US clients who want the SIPC scheme, SIPC up to USD 500,000, behind the account
Who should look elsewhere
- Small starters, who will find AUD 100 a high way in
- Investors wanting shares, ETFs or crypto, since forex and cfds covers neither
- eToro users who want a much wider asset list, stocks, etfs and forex
Questions about each
FBS
What does it cost to run an account at Fbs Partners?+
The account fee is $0, the stock trade fee is $0 and the inactivity fee is $0, so nothing is charged for holding the account, dealing in shares or leaving a balance idle. Deposits and withdrawals carry no charge either. What remains on a forex or CFD trade is the spread, quoted at 0.5% on EUR/USD.
How much does the EUR/USD spread cost in practice?+
The EUR/USD spread is 0.5%. On a currency pair that spread is the dealer's charge for opening and closing, so it lands on every position rather than on a ticket line. The stock trade fee of $0 and the account fee of $0 sit alongside it, which makes the spread the number to size positions around.
FP Markets
What is the minimum deposit at FP Markets?+
The minimum deposit is AUD 100. That is a high way in, and it sits well above the site median of €4.64. Anyone starting with a small amount should look at a broker with a lower entry figure before committing.
Is my money protected at FP Markets?+
The US-facing entity, RB INTERNATIONAL MARKETS (USA) LLC, is covered by SIPC up to USD 500,000. That protection belongs to the US entity, so clients of other entities in the group should check which scheme applies to them before depositing.
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