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HFM
FCA (UK)100% Supercharged Bonus + Daily Rebates
100% SuperCharged bonus credit plus daily rebates on qualifying Forex and Gold volume.
Verified Jun 15, 2026
Best FBS Alternatives (2026): Top-Rated Competitor Brokers
Last updated September 4, 2026
Comparing FBS to HFM and MultiBank and other vetted brokers on spreads, regulation, minimum deposit, and platform support.
How We Ranked
Rankings blend trust, pricing, and platform quality. Risk warning: CFDs carry high risk.
Regulated brokersLow spreadsFast withdrawals
Written by
BrokerAnalysis Research Desk
Fact Checked by
BrokerAnalysis Editorial Team
Personalized broker matching
Need a faster shortlist than reading every broker page?
Use the guided matching flow to narrow your next broker by country, budget, and trading platform before you compare the full table.
Last reviewed:
•By:BrokerAnalysis Research Desk
•Fact-checked by:BrokerAnalysis Editorial Team
Our 2 top picks for FBS Alternatives
We stand behind these two. Everything below is a fuller comparison and lower-weight alternatives.
#1 · Best for FBS Alternatives
HFM
Min. deposit $0
- Excellent mobile app functionality with in-app trading
- No minimum deposit required to start
- Zero account features competitive 0.0 pip spreads with low commission
FCA (UK), CySEC (Cyprus), DFSA (Dubai)
#2 · Best alternative
RoboForex
Min. deposit $10
- Extreme leverage available up to 1:2000
- Massive variety of account types including specific Cent accounts
- Robust proprietary CopyFX social trading system
FSC (Belize)
Why these two
Both brokers are shortlisted specifically for FBS Alternatives, are regulated, and accept clients for this use case — we gate on regulation and safety first, then rotate the headline across the brokers that genuinely qualify so the same two names don't lead every page. Everything below is the fuller comparison.
CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage. Trade only what you can afford to lose.
What are the best alternatives to FBS?
Looking for an alternative to FBS?
FBS was founded in 2009 and is headquartered in Belize, best known for beginners, bonus hunters & high-leverage traders. Our current ranking starts with HFM where it is available, followed by RoboForex, MultiBank, and OANDA. Compare regulation, fees, platforms, account terms, and local funding fit before opening an account.
Alternative Offers
Browse All PromotionsCurrent offers among these alternatives
A muted snapshot of verified bonuses and rebates on the brokers in this replacement shortlist.
Deposit Match
RoboForex
FSC (Belize)$30 Welcome Bonus — No Deposit Needed
$30 welcome bonus for new verified accounts after a $10 card deposit on eligible MT4/MT5 accounts.
Verified Jun 15, 2026
AvaTrade
Central Bank of IrelandUp to 40% Deposit Bonus (Max $10,000)
Up to 40% welcome deposit bonus, max $10,000. Tiered from $50 bonus on $250 deposit upward.
Verified Jun 15, 2026
Quick Rankings
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FIND MY BROKERHow these alternatives compare
8 brokers · how we rank
A side-by-side look at brokers traders consider instead of FBS.
| Broker | Withdrawal | Why Consider Switching | Execution Type | Regulation & funding | Action | ||
|---|---|---|---|---|---|---|---|
| 1.0 pips (Premium) | 0.0 pips (Zero) | $0 | 24 hours | Stands out with a lower minimum deposit ($0 vs $5) and additional Tier-1 regulation (FCA (UK)). | STP / ECN capabilities | FCA (UK)CySEC (Cyprus)DFSA (Dubai) | |
| 0.0 pips (Prime) | 1.4 pips (Pro) | $10 | Instant for most electronic methods | Stands out with tighter EUR/USD spreads (0.0 pips (Prime) | 1.4 pips (Pro) vs 0.7 pips (Standard)) and support for cTrader, R StocksTrader. | STP / ECN | FSC (Belize) | |
 | 1.5 pips (Standard) | 0.0 pips + $3/lot (ECN) | $50 | 24 hours | Stands out with additional Tier-1 regulation (BaFin (Germany), FMA (Austria)). | ECN | SCA (UAE) 20200000031VARA (UAE) VL/24/06/001ASIC (Australia) | |
 | 1.1 pips (Standard) | 0.1 pips (Core) | $0 | 1-3 business days | Stands out with a lower minimum deposit ($0 vs $5) and additional Tier-1 regulation (CFTC/NFA (US), FCA (UK), CIRO (Canada), MAS (Singapore)). | Market Maker / V2 Engine | CFTC/NFA (US)FCA (UK)ASIC (Australia) | |
 | 0.6 pips | $2,000 | 1-2 business days | Stands out with a lower minimum deposit ($2,000 vs $5) and tighter EUR/USD spreads (0.6 pips vs 0.7 pips (Standard)). | Market Maker / DMA | Danish FSAFCA (UK)ASIC (Australia) | |
| 0.9 pips (Standard) | $100 | 1-2 business days | Stands out with additional Tier-1 regulation (Central Bank of Ireland, FSA (Japan)) and support for AvaTradeGO, WebTrader, AvaOptions, AvaSocial. | Market Maker | Central Bank of IrelandASIC (Australia)FSCA (South Africa) | |
 | 1.0 pips | $10 - $200 (varies by region) | 2-5 business days | Stands out with additional Tier-1 regulation (FCA (UK), FinCEN/FINRA (US)) and support for eToro Web Platform, eToro Mobile App. | Market Maker | FCA (UK)ASIC (Australia)CySEC (Cyprus) | |
 | 0.8 pips | $100 | 1-3 business days | Stands out with additional Tier-1 regulation (FCA (UK), MAS (Singapore), FMA (NZ)) and support for Plus500 WebTrader, Plus500 Mobile. | Market Maker | FCA (UK)ASIC (Australia)CySEC (Cyprus) |
Rank 01 · best overall
Spread
1.0 pips (Premium) | 0.0 pips (Zero)
Min dep.
$0
Withdrawal
24 hours
Why Consider Switching
Stands out with a lower minimum deposit ($0 vs $5) and additional Tier-1 regulation (FCA (UK)).
Execution Type
STP / ECN capabilities
FCA (UK)CySEC (Cyprus)DFSA (Dubai)
Visit HFM Read reviewRank 02
Spread
0.0 pips (Prime) | 1.4 pips (Pro)
Min dep.
$10
Withdrawal
Instant for most electronic methods
Why Consider Switching
Stands out with tighter EUR/USD spreads (0.0 pips (Prime) | 1.4 pips (Pro) vs 0.7 pips (Standard)) and support for cTrader, R StocksTrader.
Execution Type
STP / ECN
FSC (Belize)
Visit RoboForex Read reviewRank 03
Spread
1.5 pips (Standard) | 0.0 pips + $3/lot (ECN)
Min dep.
$50
Withdrawal
24 hours
Why Consider Switching
Stands out with additional Tier-1 regulation (BaFin (Germany), FMA (Austria)).
Execution Type
ECN
SCA (UAE) 20200000031VARA (UAE) VL/24/06/001ASIC (Australia)
Visit MultiBank Read reviewRank 04
Spread
1.1 pips (Standard) | 0.1 pips (Core)
Min dep.
$0
Withdrawal
1-3 business days
Why Consider Switching
Stands out with a lower minimum deposit ($0 vs $5) and additional Tier-1 regulation (CFTC/NFA (US), FCA (UK), CIRO (Canada), MAS (Singapore)).
Execution Type
Market Maker / V2 Engine
CFTC/NFA (US)FCA (UK)ASIC (Australia)
Visit OANDA Read reviewRank 05
Spread
0.6 pips
Min dep.
$2,000
Withdrawal
1-2 business days
Why Consider Switching
Stands out with a lower minimum deposit ($2,000 vs $5) and tighter EUR/USD spreads (0.6 pips vs 0.7 pips (Standard)).
Execution Type
Market Maker / DMA
Danish FSAFCA (UK)ASIC (Australia)
Visit Saxo Bank Read reviewRank 06
Spread
0.9 pips (Standard)
Min dep.
$100
Withdrawal
1-2 business days
Why Consider Switching
Stands out with additional Tier-1 regulation (Central Bank of Ireland, FSA (Japan)) and support for AvaTradeGO, WebTrader, AvaOptions, AvaSocial.
Execution Type
Market Maker
Central Bank of IrelandASIC (Australia)FSCA (South Africa)
Visit AvaTrade Read reviewRank 07
Spread
1.0 pips
Min dep.
$10 - $200 (varies by region)
Withdrawal
2-5 business days
Why Consider Switching
Stands out with additional Tier-1 regulation (FCA (UK), FinCEN/FINRA (US)) and support for eToro Web Platform, eToro Mobile App.
Execution Type
Market Maker
FCA (UK)ASIC (Australia)CySEC (Cyprus)
Visit eToro Read reviewRank 08
Spread
0.8 pips
Min dep.
$100
Withdrawal
1-3 business days
Why Consider Switching
Stands out with additional Tier-1 regulation (FCA (UK), MAS (Singapore), FMA (NZ)) and support for Plus500 WebTrader, Plus500 Mobile.
Execution Type
Market Maker
FCA (UK)ASIC (Australia)CySEC (Cyprus)
Visit Plus500 Read reviewWe earn a commission when you open an account through the buttons above. It does not change the ranking — our methodology. High risk: 68–80% of retail CFD accounts lose money.
In-Depth Broker Analysis
Our research team continuously monitors over 100 parameters per broker. Below is a detailed breakdown of our top-rated platforms, including their distinct advantages, ideal user profiles, and potential drawbacks.
Our Rating
4.5/5.0
Best ForBonus hunters, high leverage users & versatile traders
Min Deposit$0
HFM Review Summary
Stands out with a lower minimum deposit ($0 vs $5) and additional Tier-1 regulation (FCA (UK)).
Pros
- Regulation varies by entity
- Minimum deposit: $0
- Platforms: MT4, MT5, HFM App
Cons
- Trading conditions vary by country and account type
- Spreads listed at Competitive — compare account types before opening
Our Rating
4.3/5.0
Best ForHigh-leverage traders, automated trading & varied account types
Min Deposit$10
RoboForex Review Summary
RoboForex is a multi-regulated broker with MT4, MT5, cTrader, R StocksTrader access, 0.0 pips (Prime) | 1.4 pips (Pro) on EUR/USD, and $10 minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.
Pros
- Regulation varies by entity
- Minimum deposit: $10
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Raw or ultra-low spread account available — compare account types before opening
Our Rating
4.6/5.0
Best ForHigh-volume traders who confirm which specific MultiBank entity and licence covers their country
Min Deposit$50
MultiBank Review Summary
Stands out with additional Tier-1 regulation (BaFin (Germany), FMA (Austria)).
Pros
- Regulation varies by entity
- Minimum deposit: $50
- Platforms: MT4, MT5
Cons
- Trading conditions vary by country and account type
- Spreads listed at Standard — compare account types before opening
Our Rating
4.6/5.0
Best ForUS traders, beginners & data-driven analysts
Min Deposit$0
OANDA Review Summary
Stands out with a lower minimum deposit ($0 vs $5) and additional Tier-1 regulation (CFTC/NFA (US), FCA (UK), CIRO (Canada), MAS (Singapore)).
Pros
- Regulation varies by entity
- Minimum deposit: $0
- Platforms: OANDA Trade, Advanced Charting (TradingView), MT4
Cons
- Trading conditions vary by country and account type
- Spreads listed at Competitive — compare account types before opening
Our Rating
4.6/5.0
Best ForHigh-net-worth investors & multi-asset traders
Min Deposit$2,000
Saxo Bank Review Summary
Stands out with a lower minimum deposit ($2,000 vs $5) and tighter EUR/USD spreads (0.6 pips vs 0.7 pips (Standard)).
Pros
- Regulation varies by entity
- Minimum deposit: $2,000
- Platforms: SaxoTraderGO, SaxoTraderPRO, SaxoInvestor
Cons
- Trading conditions vary by country and account type
- Spreads listed at Competitive — compare account types before opening
Our Rating
4.5/5.0
Best ForBeginners, copy traders & options enthusiasts
Min Deposit$100
AvaTrade Review Summary
Stands out with additional Tier-1 regulation (Central Bank of Ireland, FSA (Japan)) and support for AvaTradeGO, WebTrader, AvaOptions, AvaSocial.
Pros
- Regulation varies by entity
- Minimum deposit: $100
- Platforms: MT4, MT5, AvaTradeGO, WebTrader, AvaOptions, AvaSocial
Cons
- Trading conditions vary by country and account type
- Spreads listed at Competitive — compare account types before opening
Our Rating
4.5/5.0
Best ForSocial traders, beginners & crypto enthusiasts
Min Deposit$10 - $200 (varies by region)
eToro Review Summary
eToro is a multi-regulated broker with eToro Web Platform, eToro Mobile App access, 1.0 pips on EUR/USD, and $10 - $200 (varies by region) minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.
Pros
- Regulation varies by entity
- Minimum deposit: $10 - $200 (varies by region)
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Competitive spread structure — compare account types before opening
Our Rating
4.3/5.0
Best ForSimple CFD trading, beginners & mobile traders
Min Deposit$100
Plus500 Review Summary
Plus500 is a multi-regulated broker with Plus500 WebTrader, Plus500 Mobile access, 0.8 pips on EUR/USD, and $100 minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.
Pros
- Regulation varies by entity
- Minimum deposit: $100
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Competitive spread structure — compare account types before opening
Frequently Asked Questions About FBS Alternatives (): Top-Rated Competitor Brokers
Frequently Asked Questions
The top-rated alternatives to FBS include HFM, MultiBank, OANDA. Each is independently regulated and reviewed, offering different strengths in spreads, minimum deposit, or platform choice depending on what you value most.
HFM offers a lower minimum deposit ($0 vs $5) and additional Tier-1 regulation (FCA (UK)). FBS remains the better fit if beginners, bonus hunters & high-leverage traders is your priority.
Common reasons traders shop around include offshore regulation for most clients and limited research tools. If either applies to you, the alternatives above are worth comparing directly against FBS's current terms.
FBS supports MT4, MT5, FBS Trader App. Among the alternatives, HFM, MultiBank, OANDA, AvaTrade offer overlapping platform support, so switching typically doesn't mean relearning your charting setup.
FBS is regulated by ASIC (Australia), CySEC (Cyprus), IFSC (Belize). All alternatives shown here are limited to brokers that are independently regulated and reviewed on this site — we do not list unregulated or unverified brokers as alternatives.
Top Searched Questions
How do I choose a reliable forex broker in 2026?
Start by verifying the broker holds a Tier-1 license (FCA, ASIC, or CySEC). Compare raw spreads on EUR/USD, check withdrawal processing times, and test the demo account. BrokerAnalysis independently tests 67+ brokers each quarter using real funded accounts.
What makes a forex broker the 'best' overall?
The best forex broker combines Tier-1 regulation, spreads from 0.0 pips on raw accounts, fast execution under 50ms, a wide range of 70+ currency pairs, and transparent fee structures. Our testing ranks brokers across 8 categories including safety, costs, and platform quality.
Which forex brokers are consistently top-rated?
Consistently top-rated brokers typically hold multiple Tier-1 licenses, maintain segregated client funds, and offer competitive raw spreads. Brokers like IC Markets, Pepperstone, and FP Markets consistently score above 4.5/5 in independent testing by BrokerAnalysis.
What is forex trading and how does it work?
Forex trading involves buying one currency while selling another, profiting from exchange rate fluctuations. The forex market operates 24/5, processes $7.5 trillion daily, and is accessible through online brokers with as little as $10. Traders use technical and fundamental analysis to make decisions.
What is the best forex trading platform to use?
MetaTrader 4 remains the most popular platform for its reliability and Expert Advisor support. MetaTrader 5 adds depth-of-market and more timeframes. TradingView excels at charting, while cTrader offers the best market depth for active traders. Your ideal platform depends on your trading style.
How do forex trading platforms differ from each other?
MT4 is best for EA automation and beginner simplicity. MT5 adds stock CFDs and economic calendar integration. cTrader provides Level II pricing and algorithmic trading via cAlgo. TradingView offers social charting with 100+ indicators. Choose based on whether you prioritize automation, analysis, or execution speed.
What features should a trading platform have?
A quality trading platform needs: one-click execution, customizable charts with 50+ technical indicators, pending order types (limit, stop, trailing stop), mobile app parity, demo account access, and reliable uptime above 99.9%. Platform stability during high-volatility news events is critical.
How does the forex market work?
The forex market is a decentralized global marketplace where currencies trade in pairs. It operates across four major sessions (Sydney, Tokyo, London, New York), runs 24 hours on weekdays, and is the largest financial market with $7.5 trillion in daily volume. Prices move based on economic data, central bank policy, and geopolitics.
Information automatically localized based on "forex brokers" and related trends.
Sources & References
- HFM Trading Accounts— HFM
- OANDA Forex Trading— OANDA
- Saxo Accounts— Saxo
- BrokerAnalysis ranking methodology— BrokerAnalysis
- BrokerAnalysis data sources— BrokerAnalysis
- BrokerAnalysis editorial policy— BrokerAnalysis
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Risk Warning: Forex and CFD trading involves significant risk of loss and may not be suitable for all investors. You could lose more than your initial investment. 68-80% of retail investor accounts lose money when trading CFDs with most providers. Consider whether you understand how CFDs work and whether you can afford the high risk of losing your money.
Not Financial Advice:
Information on this website is for educational and comparison purposes only. This does not constitute financial, investment, or trading advice. How we rank brokers. See Editorial Policy and Data Sources.
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BrokerAnalysis may earn commissions from partners listed. This does not influence our rankings or analysis, which are based on our independent methodology. Read our Content Standards.
Regional Availability Notice
Broker availability depends on your country of residence. Some brokers may not accept clients from certain jurisdictions including the USA, Canada, Japan, and others. The comparison table on this page shows the country-acceptance status captured in our latest eligibility checks.