Updated September 29, 2026 · BrokerCue Editorial Team
FBS vs Robinhood
Where FBS and Robinhood differ
| Compare |  FBS |  Robinhood |
|---|---|---|
| Minimum deposit | $5 | $0Lower |
| Markets | Stocks, ETFs, Forex, CFDs, Metals | Stocks, ETFs, Options, Futures, Crypto |
| Regulators | Cyprus Securities and Exchange Commission | Bank of Lithuania (LSC), LT BL, SIPC |
| Deposit and withdrawal fees | Free | $100 outgoing transfer |
| Platforms | MetaTrader 4, MetaTrader 5 | Robinhood app, Robinhood Legend |
| Retail accounts that lose money | 66.43% | Not confirmed |
| EUR/USD spread | 0.5% | Not confirmed |
| Margin rate | Not confirmed | 3.95% |
| Options contract fee | Not confirmed | $0 |
| Account types | Not confirmed | IRA, Roth IRA, Joint |
| Maximum retail leverage | Not confirmed | 10X |
Same on both: Stock trade fee ($0), Account fee ($0), Inactivity fee ($0), Investor protection (EU ICS up to EUR 20,000).
We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings.
Key differences
- Robinhood scores higher overall: 9.4 vs 9.1.
- Regulators: only FBS offers Cyprus Securities and Exchange Commission.
- Regulators: only Robinhood offers Bank of Lithuania (LSC), LT BL, SIPC.
- Founded is lower at FBS: 2009 vs 2013.
- Robinhood is licensed in 1 more country.
- Minimum deposit is lower at Robinhood: $0 vs $5.
- Markets: only FBS offers Forex, CFDs, Metals.
- Markets: only Robinhood offers Options, Futures, Crypto.
- Platforms: only FBS offers MetaTrader 4, MetaTrader 5.
- Platforms: only Robinhood offers Robinhood app, Robinhood Legend.
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.
Robinhood
Robinhood suits first-time investors and small, regular investors who want nothing charged for holding or trading. It is the cheapest way in on our data, with a minimum deposit of $0, no account fee and no inactivity charge, under the Bank of Lithuania and SIPC.
Score breakdown
| Area | FBS | Robinhood |
|---|---|---|
| Cost | 9.3 | 9.6HigherStock trades cost $0, options contracts $0, the account fee is $0 and inactivity is $0. |
| Offer | 9.3 | 9.3 |
| Trust | 8.8 | 9.3Higher |
What each covers
| Markets | FBS | Robinhood |
|---|---|---|
| Stocks | Yes | Yes |
| ETFs | Yes | Yes |
| Forex | Yes | No |
| CFDs | Yes | No |
| Options | No | Yes |
| Futures | No | Yes |
| Crypto | No | Yes |
| Metals | Yes | No |
What it costs in practice
A year: 5,000 invested, 4 US stock trades a month
FBS
$0
48 × $0 + 1 × $0
Robinhood
$0
48 × $0 + 1 × $0
Both come to the same total.
Worked out from the stated prices and rates; your own total depends on how you use it. Facts checked September 26, 2026.
Positions in our rankings
| Ranking | FBS | Robinhood |
|---|---|---|
| Stock and ETF brokers | 101 of 490 | 13 of 490 |
| Low-fee brokers | 10 of 11 | 1 of 11 |
| Brokers for beginners | 33 of 88 | 6 of 88 |
Where each is licensed and available
| Country | FBS | Robinhood |
|---|---|---|
| Cyprus | Not confirmed | |
| Lithuania | Not confirmed | Bank of Lithuania (LSC) MiCA CASP 254900GTP4UXQO1UMI36 LT_BL PSD_PI 306377915 |
| United States | Not confirmed | SIPC SIPC member 69916 |
Every fact side by side
| Fact | FBS | Robinhood |
|---|---|---|
| Features | Demo account, Mobile app | Crypto, Fractional shares, Options, Futures, Mobile app |
| Pricing model | Commission free | Commission free, Low feesCovers more |
| Audience | Beginners | Beginners, Day tradersCovers more |
| Legal entity | Tradestone Limited | Robinhood Europe UAB |
| Headquarters | Cyprus | Lithuania |
| Founded | 2009Lower | 2013 |
| Support channels | Email, Phone, Help centre | Not confirmed |
Where each stands against the rest
| Fact | FBS | Robinhood | Median |
|---|---|---|---|
| Minimum deposit | $5below the median | $0below the median | $10 |
| Stock trade fee | $0at the median | $0at the median | $0 |
| Account fee | $0at the median | $0at the median | $0 |
| Inactivity fee | $0at the median | $0at the median | $0 |
| Retail accounts that lose money | 66.43%below the median | Not confirmed | 70.375% |
| EUR/USD spread | 0.5%below the median | Not confirmed | 0.6% |
Median across 99 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.
Robinhood
Pros
- Nothing to pay to open or hold an account, with an account fee of $0 and an inactivity fee of $0
- Trading a share costs $0, so a small first order is not eaten by commission
- You can start with a deposit of $0, lower than most brands on our data
Cons
- Leverage is available at 10X, which magnifies losses as well as gains
- Outgoing transfers carry a charge of $100 outgoing transfer
- Margin borrowing is priced at a margin rate of 3.95%, so interest adds to your cost
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.
Robinhood
Who it suits
- Beginners opening a first account with a small deposit
- Day-traders working in options, futures and crypto on mobile
- Retirement investors using an IRA, Roth IRA or joint account
Who should look elsewhere
- Vantage if a flat minimum deposit of $5 suits you better
- CFI if you want forex and CFDs alongside shares, since its markets cover stocks, etfs and forex
- eToro if social copy trading matters more than options and futures
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.
Robinhood
What does it cost to trade shares on Robinhood?+
Trading a share costs $0, and an options contract costs $0. There is also an account fee of $0 and an inactivity fee of $0, so nothing is taken for simply holding the account open. Borrowing on margin is charged at a margin rate of 3.95%, which is the main running cost if you use leverage.
Is there a minimum deposit to open a Robinhood account?+
The minimum deposit is $0, so you can open an account and place a small first order without funding a large balance. It is worth comparing that with the deposits other brands ask for before you commit, since the figure varies widely across the market. Outgoing transfers are charged at $100 outgoing transfer, so factor that in if you plan to move money out early.
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