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In the fast-paced world of forex trading, choosing the right broker is crucial. FBS and Zero Markets are two popular options, each with unique strengths and weaknesses. This comparison will dive into the key features of both platforms,helping you decide which one best suits your trading style and goals.
The radar chart above illustrates the comparison between FBS and Zero Markets across several key metrics, with the highest possible score being 100 in each category.
At FxScouts, our mission is to assist traders in finding the broker that best suits their needs. Comparing brokers side-by-side is an effective method to achieve this goal. We evaluated FBS and Zero Markets, using our standard criteria: trust and regulation, trading platforms, costs and trading conditions, and educational and market analysis resources.
Trust and regulation are crucial when selecting a Forex broker. A broker’s credibility is largely built on its regulatory status. We spend considerable time verifying the safety of each broker by examining their regulatory licenses. We also consider numerous factors when deciding which tier a regulator belongs to. Regulators that we rank as the world’s top regulators, gets a tier 1 rank, while regulators who only scores a tier 5-rank, provide virtually no regulatory oversight. The more top-tier authorities regulating a broker, the higher its trust rating. Read more about regulation and our tier system here.
In our comparison:
Based on these findings, FBS earned a higher trust rating than Zero Markets.
When comparing brokers, trading costs are a significant factor. We consider the minimum deposit required to open an account and ongoing costs, including spreads and commissions. We measure the cost to trade one lot of EUR/USD using the broker’s account with the lowest minimum deposit, including both the spread and any commission charged.
We found that FBS has overall lower trading costs than Zero Markets.
Trading Platforms Offered Traders prefer brokers that offer a variety of trading platforms. We rate brokers higher if they support multiple platforms like MetaTrader4, MetaTrader5, cTrader, and proprietary platforms.
Copy trading is beneficial for beginner traders or those unable to trade full-time. In this case both FBS and Zero Markets offer copy trading.
A broader range of CFD instruments provides more trading opportunities. FBS offers a greater variety of instruments compared to Zero Markets:
For those interested in trading cryptocurrencies, Zero Markets offers 11 cryptocurrencies, while FBS offers 5 cryptocurrencies. Therefore, Zero Markets is the better choice for cryptocurrency trading.
Traders prefer brokers with quick and cost-effective deposit and withdrawal processes. We favor brokers that process withdrawals within 24 hours using multiple methods without charging fees.We found that neither FBS nor Zero Markets charges a withdrawal fee. Overall, FBS has better deposit and withdrawal processes than Zero Markets.Â
We often find that brokers offer very little in the way of educational materials, forcing traders to use other third-party sites or self-educate elsewhere. Beginner traders need well-structured, well-presented materials in multiple formats to get a good start at trading. More experienced traders also benefit from webinars led by experts in the field and advanced trading strategy sections with new trading ideas.Â
FBS has better educational support than Zero Markets. Both FBS and Zero Markets offer educational support for more experienced traders.Access to frequent and high-quality market research and analysis is crucial.
We found that FBS offers better research analysis than Zero Markets and that both FBS and Zero Markets offer frequent webinars.
FBS is a well-regulated international broker with low costs, including a 5 USD minimum deposit, a single trading account and an easy-to-use mobile trading app.Â
Beginners should be wary of the high leverage available at FBS. Without proper risk management, high leverage can quickly wipe out smaller accounts, though FBS does offer negative balance protection. Otherwise, FBS provides a welcoming environment for beginner traders, with an excellent selection of educational and market analysis materials and 24/7 customer support.
Founded in 2017, Zero Markets is a growing CFD broker that offers a low-cost trading environment on a wide range of tradable assets on the MT4 and MT5 platforms. However, Zero Markets clients in Zambia will be trading under its Saint Vincent and the Grenadines based entity, which provides little regulatory oversight and does not offer automatic negative balance protection.
Zero Markets offers two live CFD accounts both with a minimum deposit requirement of only 100 AUD making them accessible to most traders. Spreads start at 1.00 pips (EUR/USD) on its Standard account, which is average compared to other brokers, and no commissions are charged for Forex trading. Spreads tighten to 0 pips (EUR/USD) on its Super Zero Account in exchange for a commission of only 5 USD per lot traded. Zero Markets also stands out for the number of financial assets on offer, including over 800 share CFDs, 45 Forex pairs, commodities, indices, and a small range of cryptocurrencies.
Some drawbacks for traders considering Zero Markets are that its educational and market analysis materials are sorely lacking, and it offers no trading tools to assist with technical and fundamental analysis.
Overall, Zero Markets will appeal to traders who value a low-cost trading environment and a broad range of tradable assets.
For more detailed reviews, please read our comprehensive assessments of FBS and Zero Markets.
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Broker | Countries Regulated | Minimum Spread EUR/USD | Minimum Deposit | Trading cost/lot EURUSD Total trading cost at the time of last update, for 1 lot of EUR/USD using the account with the lowest minimum deposit. Includes spread and commission. | Broker Score | Broker Website | Select and Compare |
|---|---|---|---|---|---|---|---|
 |      | 0.10 pips | USD 3 | USD 7 | |||
 |      | 0 pips | USD 0 | USD 10 | |||
 | | 0 pips | USD 0 | USD 10 | |||
 |       | 0.60 pips | USD 0 | USD 6 | |||
 |    | 0.90 pips | USD 100 | USD 9 | |||
 | | 0.40 pips | USD 100 | USD 14 | |||
 | | 0.70 pips | USD 5 | USD 7 | |||
| | 0.60 pips | USD 5 | USD 6 | |||
 | | 0.10 pips | USD 200 | USD 8 | |||
 | | 0.70 pips | USD 10 | USD 17 |
Select another broker to another broker to compare features, fees, and platforms side by side.
Alison and Chris cover a range of topics, including how to choose a Forex broker, safety and regulation, how to reduce your risk, trading psychology, trading platforms, and trading strategies, among others.
The FxScouts podcast helps beginner Forex traders get the best start to their trading careers.
