FBS vs XM: licences compared
Side-by-side view of each broker's licences, regulator tiers and key facts. Remember that protection depends on which entity holds your account.
| Attribute | FBS | XM |
|---|---|---|
| Licence Score | 62Strong | 70Strong |
| Strongest licence | 1 Tier 1 | 1 Tier 1 |
| Licences on record | 3 | 7 |
| 1 ASIC Australia | Licensed | Licensed |
| 2 CySEC Cyprus | Licensed | Licensed · Licence 120/10 |
| 2 FSCA South Africa | — | Licensed |
| 2 DFSA United Arab Emirates | — | Licensed |
| 3 CMA (Kenya) Kenya | — | Licensed |
| 4 FSA (Seychelles) Seychelles | — | Licensed |
| 4 FSC (Belize) Belize | Licensed | Licensed |
| Founded | 2009 | 2009 |
| Headquarters | Cyprus | Cyprus |
| Type | Forex & CFD broker | Forex & CFD broker |
| Publicly listed | No | No |
| Platforms | MT4, MT5, Proprietary | MT4, MT5 |
| Minimum deposit | US$5 | US$5 |
| Visit | Visit site | Visit site |
Frequently asked questions
Is FBS or XM better regulated?
XM has the higher Licence Score (70 vs 62), based on the number and tier of licences, operating history and public listing.
Which regulators license both FBS and XM?
Both are matched to licences from ASIC, CySEC and FSC (Belize).