7 minute read
JustMarkets vs FBS: Which Broker Is Right for You?
from JustMarkets
by Exness_India
If you're choosing between JustMarkets and FBS, you're likely searching for a reliable forex broker with competitive spreads, strong regulatory backing, fast execution, and user-friendly trading conditions. The truth is, both brokers have carved out a solid presence in the global forex scene, but they appeal to different trader profiles. This article will break down the key differences so you can make a confident decision—without the fluff.
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Regulation and Trustworthiness: Are They Safe?
The first and most crucial factor in choosing a broker is regulation. JustMarkets operates under the supervision of the Financial Services Authority (FSA) of Seychelles, while FBS is regulated by several bodies, including the International Financial Services Commission (IFSC) of Belize and the Cyprus Securities and Exchange Commission (CySEC) for its European operations.
So what does this mean for you? If you're a global trader looking for flexible conditions with moderate regulatory oversight, both brokers meet the standard. However, FBS has a slight edge due to its dual regulation, especially with CySEC, which complies with European MiFID standards.
Still, neither of these brokers holds a top-tier license like FCA (UK) or ASIC (Australia), so if you're looking for the strictest level of protection, you may need to look elsewhere. That said, both companies have operated for over a decade and have earned solid reputations, which helps balance the risk.
Trading Platforms: MetaTrader at the Core
When it comes to trading platforms, both brokers stick with the industry standards: MetaTrader 4 (MT4) and MetaTrader 5 (MT5). These platforms are trusted by millions for their speed, functionality, and customizability.
JustMarkets offers both MT4 and MT5 across all account types, allowing traders to choose based on preference and strategy. FBS also provides both, but its MT5 access is more limited and depends on the region and account type.
The bottom line? If you want full flexibility to choose your platform and don’t want limitations based on your account or country, JustMarkets has the advantage.
Account Types and Minimum Deposit: Beginner-Friendly?
Both brokers aim to serve a broad range of traders, from complete beginners to seasoned pros.
JustMarkets offers four account types: Standard, Pro, Raw Spread, and Cent. The Cent account is especially appealing to beginners, allowing trading with micro-lots and very low deposits starting at just $1.
FBS also offers a variety of accounts: Standard, Cent, Micro, Zero Spread, and ECN. Their Cent account also starts at $1, making it similarly accessible to new traders.
Where the two differ is in promotional flexibility. FBS is heavily promotional, offering no-deposit bonuses, deposit bonuses, and even trading contests. JustMarkets is more conservative in this regard, which might appeal more to serious traders who prioritize conditions over marketing hype.
If you’re a beginner looking to test the waters with minimal capital, either broker works. But if you're a fan of bonuses and promotions, FBS is the better pick.
Spreads and Fees: How Much Will You Really Pay?
Let’s talk about money—specifically, how much you'll pay to trade.
JustMarkets provides highly competitive spreads, especially on its Raw Spread account, which offers spreads starting from 0.0 pips with a small commission. For those who don’t want to pay commissions, the Pro and Standard accounts come with slightly higher spreads but no fees.
FBS’s spreads vary significantly based on account type. For example, their Standard account spreads are higher than JustMarkets’, but their ECN account offers tight spreads with commissions. However, FBS’s Zero Spread account may mislead some traders: it features no spread, but the commission is hefty and can add up quickly.
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Overall, JustMarkets seems to offer a more balanced and transparent fee structure. Their Raw Spread account, in particular, is a standout for scalpers and high-volume traders.
Leverage and Risk: How Much Can You Control?
Both brokers offer high leverage, especially for clients outside the EU. JustMarkets provides leverage up to 1:3000 for certain account types, while FBS goes even higher—up to 1:3000 or even 1:5000 in some cases.
While high leverage sounds attractive, it comes with risks. Inexperienced traders often misuse it and wipe out their accounts quickly. Still, if you're an advanced trader who knows how to manage risk properly, both brokers give you the firepower to scale your positions effectively.
For EU residents, both brokers comply with the standard 1:30 leverage limit, so there’s no practical difference in that region.
Execution Speed and Slippage: Who’s Faster?
Execution speed can be the difference between profit and loss, especially for scalpers or news traders.
JustMarkets is known for its fast order execution, with a no-requote policy and minimal slippage, even during volatile periods. This is especially true on their Raw Spread and Pro accounts, which are optimized for performance.
FBS also offers decent execution speeds, particularly on its ECN account. However, some users report occasional delays or re-quotes during high-volatility news events—something to keep in mind if you trade macroeconomic releases.
If fast, stable execution is your priority, JustMarkets has a slight edge here.
Deposits and Withdrawals: Any Hidden Fees?
Both brokers support a wide range of payment methods including bank transfer, credit/debit cards, e-wallets like Skrill and Neteller, and even local payment systems in certain countries.
JustMarkets is praised for its fee-free deposits and fast withdrawals. Most withdrawals are processed within 1–2 hours on business days.
FBS also offers fast deposits and withdrawals but may charge a fee depending on the method used. Some users have reported delays during withdrawal requests, especially during high-demand periods.
So if you value smooth, predictable fund handling, JustMarkets offers a more seamless experience overall.
Educational Tools and Research: Who Helps You Learn?
FBS is very beginner-friendly when it comes to education. Their website features a well-organized library of articles, videos, webinars, and even live support for novice traders. The FBS mobile app also includes trading tips and learning resources.
JustMarkets also provides educational material, including market analysis, trading guides, and webinars. However, their content is more tailored to intermediate and advanced traders, with less hand-holding for beginners.
If you’re just starting out and want more structured education, FBS is more beginner-focused. But if you already have some experience, JustMarkets offers better insights for strategy development.
Customer Support: When You Need Help
Both brokers provide 24/7 customer support through live chat, email, and phone. JustMarkets is known for its quick response times and multilingual support.
FBS also offers multilingual support, but some users report slower response times during peak hours or delays when escalating technical issues.
If reliable and fast support is a must for you, JustMarkets appears to be more consistent.
Final Verdict: JustMarkets or FBS?
So, which broker is right for you?
· Choose JustMarkets if you prioritize low spreads, fast execution, transparent fees, and a strong trading environment with fewer gimmicks. It's especially suitable for scalpers, swing traders, and experienced users.
· Choose FBS if you’re a beginner looking for small-deposit options, generous promotions, and structured learning. Their bonus-heavy environment is attractive if you're testing the waters without much risk.
Ultimately, both brokers are solid options. Your choice should depend on your experience level, trading strategy, and preferences regarding spreads vs. bonuses.
No matter which broker you choose, always demo trade first, manage your risk, and never invest money you can’t afford to lose. The best broker isn't just the one with the lowest fees—it’s the one that matches your trading style and goals.
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