BlackBull Markets vs FBS Forex Broker Comparison
A head-to-head comparison of BlackBull Markets and FBS across regulation, trading costs, platforms, and editorial scoring.
Score 4.1 / 5
2 bonusesNew Zealand-regulated ECN broker with all three major platforms, no minimum deposit on standard accounts, and good Asia-Pacific coverage.
VS
Our Verdict
BlackBull Markets winsby 0.2 pts
BlackBull Markets edges ahead with a score of 4.1/5 vs FBS's 3.9/5. A narrow margin, so review the breakdown below to see where each broker has a clear advantage.
Verdict by Trader Profile
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
Best for low cost trading
It's a tie
Both equally suited
Both brokers offer spreads from 0 pips.
Best for safety & regulation
Recommended
BlackBull Markets has a stronger safety profile: top-tier regulation, segregated funds, negative balance protection.
Best for active traders
Recommended
BlackBull Markets has a cost edge: lower commission ($6/lot).
Best for platform choice
Recommended
BlackBull Markets offers more exclusive platform options: cTrader, TradingView, DXtrade.
Best for beginners
Recommended
BlackBull Markets edges out FBS with a higher editorial score (4.1/5 vs 3.9/5), indicating a stronger overall experience for new traders.
BlackBull Markets vs FBS: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 4.1/ 5 | 3.9/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.1 / 5▲ | 3.5 / 5 |
Fees & Spreads 30% weight | 4.3 / 5▲ | 4.0 / 5 |
Platforms & Tools 20% weight | 4.0 / 5▲ | 3.8 / 5 |
Customer Support 10% weight | 3.8 / 5 | 4.0 / 5▲ |
| Founded | 2014 | 2009 |
| Headquarters | Auckland, New Zealand | Belize City, Belize |
| Min deposit | No minimum | $1 |
| Spreads from | 0 pips | 0 pips |
| Commission / lot | $6/lot | $20/lot |
| Max leverage | 500:1 | 3000:1 |
| Withdrawal fee | Free | Free |
| Regulators | FMA FSC | FSCA CySEC IFSC |
| Platforms | MetaTrader 4 MetaTrader 5 cTrader TradingView DXtrade | MetaTrader 4 MetaTrader 5 |
| Active bonuses | ||
| Visit broker | Visit BlackBull Markets | Visit FBS |
BlackBull Markets vs FBS Forex Broker Pros & Cons
Pros
Supports all three major platforms: MT4, MT5, and cTrader
Regulated under FSC - well-established for offshore clients
No minimum deposit on standard account
Good for Asia-Pacific timezone traders
Regulated by top-tier authorities (FCA, ASIC, CySEC)
Client funds held in segregated accounts
Negative balance protection
Raw spread account available
No deposit fees
No inactivity fee
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
Advanced charting tools included
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
Multilingual customer support
Pros
Very low $1 minimum deposit on Cent accounts
MT4 and MT5 on all account types
Multiple account types including Cent, Zero Spread, and ECN
Widely available across Southeast Asia, MENA, and Africa
Client funds held in segregated accounts
Negative balance protection
No deposit fees
No inactivity fee
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
Multilingual customer support
Cons
ECN commission of $6/lot round-turn is above some peers
Customer support timezone is NZ-centric
Brand recognition outside APAC is limited
No investor compensation scheme
No proprietary platform
Cons
Primary entity uses IFSC Belize - offshore, limited investor protection
Bonus turnover requirements are onerous
Very high leverage (3000:1) is a significant risk factor for retail clients
No top-tier regulatory licence
No investor compensation scheme
No proprietary platform
Limited charting capabilities
BlackBull Markets vs FBS: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
2
BlackBull Markets
criteria wins
0
FBS
criteria wins
Highlighted rows show where the two brokers differ
| Criteria | BlackBull Markets | FBS |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Pass | Fail |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Pass | Pass |
| Compensation scheme (e.g. FSCS) | Fail | Fail |
| Fees & Spreads | ||
| Raw/ECN spreads available | Pass | Pass |
| No deposit fee | Pass | Pass |
| No inactivity fee | Pass | Pass |
| Transparent pricing page | Pass | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Pass | Pass |
| Proprietary platform | Fail | Fail |
| Mobile app | Pass | Pass |
| Advanced charting tools | Pass | Fail |
| Customer Support | ||
| 24/5 live chat | Pass | Pass |
| Phone support | Pass | Pass |
| Multilingual support | Pass | Pass |
BlackBull Markets vs FBS: Frequently Asked Questions
Based on our independent editorial scoring, BlackBull Markets ranks higher with a score of 4.1/5 vs 3.9/5 for FBS. The best choice still depends on your individual trading needs; BlackBull Markets and FBS may each suit different trader profiles.
Both BlackBull Markets and FBS offer spreads starting from 0 pips, making them equivalent on this metric. Consider commissions and account types when evaluating total trading costs.
BlackBull Markets has a lower minimum deposit of no minimum required, while FBS requires at least $1. This makes BlackBull Markets more accessible for traders with limited starting capital.
BlackBull Markets holds top-tier regulation (FMA, FSC), providing stronger investor protections. FBS may be regulated but does not hold top-tier status in our data. Always verify regulatory status with the broker directly before depositing funds.
For beginners: BlackBull Markets has a lower minimum deposit (no minimum), lowering the barrier to entry; both brokers offer negative balance protection. Also weigh up educational resources and customer support quality before deciding.
BlackBull Markets offers maximum leverage of 500:1, while FBS offers up to 3000:1. Available leverage varies by account type, instrument, and jurisdiction. Higher leverage amplifies both potential profits and losses. Always use appropriate risk management.
BlackBull Markets charges $6 per lot, lower than FBS's $20 per lot. Lower commissions benefit active traders who execute many trades per day.
BlackBull Markets supports MetaTrader 4, MetaTrader 5, cTrader, TradingView, DXtrade and FBS offers MetaTrader 4, MetaTrader 5; both support MetaTrader 4, MetaTrader 5; BlackBull Markets exclusively offers cTrader, TradingView, DXtrade.
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