Do you have difficulty choosing between KCM Trade and FBS for your trading strategy? Our comprehensive comparison examines critical factors such as safety and licensing, trading conditions, including fees, trading platforms, available instruments, and deposit and withdrawal terms. This analysis provides all the essential details to guide you in making an informed decision.
General Info
| KCM Trade | FBS | |
| Website | kcmtrade.com | www.fbs.com |
| Regulation | ASIC FSA | CySEC, FSC, FSCA, ASIC |
| Established | 2016 | 2009 |
| Min Deposit | $20 | $10 |
| Max Leverage | 1:1000 | 1:3000 |
| Payment Methods | Credit card Debit card Skrill Vnpay Sure pay Neteller Usdt | Visa and MasterCard Neteller Skrill Wire transfers Crypto wallets |
| Assets | Forex, Precious Metals, Index, Energy, Stock CFDs | Forex, Indices, Stocks, Cryptocurrencies, Energies |
| Demo Account | Available | Available |
Regulation
When considering a broker for a safe trading environment, it is crucial to choose one that is licensed by reputable regulatory authorities. In our comparison of KCM Trade and FBS regarding regulation, both brokers hold top-tier licenses and demonstrate regulatory compliance across various jurisdictions. From a safety perspective, both offer a similar level of protection, as each is licensed by the Australian Securities and Investments Commission (ASIC).
For Vietnamese traders, KCM Trade provides additional safety measures through the auditing services of BDO, a renowned international accounting firm. This partnership guarantees that client funds remain segregated from the company’s capital, ensuring a high standard of financial security and integrity.
KCM Trade or FBS Regulation?
From a regulatory standpoint, both KCM Trade and FBS are on par, providing robust oversight and compliance. However, KCM Trade offers an added layer of protection for its Vietnamese clients by ensuring the segregation of client accounts. This gives KCM Trade an advantage over FBS that traders should take into account when making their decision.
Trading Platforms and Tools Comparison
| KCM Trade | FBS | |
| MT4 | ✔️ | ✔️ |
| MT5 | ✔️ | ✔️ |
| WebTrader | ✔️ | ❌ |
| Mobile App | ✔️ | ✔️ |
| EAs | ✔️ | ✔️ |
| Stop Loss | ✔️ | ✔️ |
| Copy Trading | ✔️ | ✔️ |
KCM Trade vs FBS Broker Types
| Broker types | STP ECN Market Making | STP NDD |
KCM Trade functions as an STP and ECN broker, while FBS operates as an STP broker only. The use of both ECN and STP models by KCM Trade provides the broker with a significant advantage in terms of price transparency and trade execution efficiency. This dual model ensures direct market access and tighter spreads, allowing KCM Trade to offer a more competitive trading environment.
This setup is especially advantageous for automated trading and supports a wide range of trading strategies. As a result, KCM Trade is well-suited for both retail and institutional traders, who can benefit from the broker’s flexible and efficient execution options.
Account Type Comparison
KCM Trade provides two primary account options to its Vietnamese clientele: the MT5 Low Spread Account and the MT4 Low Spread Account. As the account names suggest, these accounts offer minimal spreads, starting at 0.6 pips. The deposits start at just $20. On the other hand, FBS offers Standard Accounts, Cent Accounts, and Pro Accounts that, based on our research, are good for beginner traders.
- Both KCM Trade and FBS enable demo accounts, which makes both of the brokers favorable for novice traders.
KCM Trade or FBS accounts?
While comparing the account types offered by KCM Trade and FBS, we found that the conditions offered by both brokers are quite impressive and favorable, both for beginner and professional traders. The account opening for KCM Trade is a bit faster and more straightforward. However, all in all, the account opening process is similar. The advantage that makes KCM Trade stand out is its provision of a deposit bonus for traders from Vietnam. Clients get a deposit bonus upon opening an account, which is a great advantage.
KCM Trade vs FBS Instruments
| KCM Trade | FBS | |
| Forex | ✔️ | ✔️ |
| Indices | ✔️ | ✔️ |
| Commodities | ✔️ | ✔️ |
| Shares | ✔️ | ✔️ |
Both KCM Trade and FBS offer a wide selection of trading assets that cater to diverse trading needs, including a large variety of trading instruments such as forex, stocks, shares, and commodities. This diversity of offerings allows traders to access and capitalize on various trading opportunities, enjoying more options and greater flexibility in their trading strategies.
KCM Trade or FBS Instruments?
Both KCM Trade and FBS offer similar access to a wide selection of instruments, providing traders with diverse options to suit their trading preferences. In our further research into traders’ feedback regarding the instrument offerings of KCM Trade and FBS, we found positive responses for both brokers. Traders appreciate the variety and depth of the available instruments, which cater to a range of trading styles and strategies.
Fees and Commissions
| KCM Trade | FBS | |
| Inactivity Fee/month | 0 $ | 0 $ |
| Deposit fee | 0 $ | 0 $ |
| Withdrawal fee | 0 $ | 0 $ |
| Avg. EUR/USD standard | 0.6 pips | 0.9 pips |
| Gold | 3.5 | 15 |
What are Deposit and Withdrawal Methods?
| Payment methods | KCM Trade | FBS |
| Credit card Debit card Skrill Vnpay Sure pay Neteller Usdt | Visa and MasterCard Neteller Skrill Wire transfers Crypto wallets |
KCM Trade serves Vietnamese traders with a wide range of payment methods specifically designed to meet local preferences, allowing for fast and smooth withdrawals and deposits. Available options include credit and debit cards, Skrill, Vnpay, SurePay, Neteller, and USDT, ensuring convenience for traders. On the other hand, FBS supports payments via cards, bank transfers, Neteller, and Skrill. Both brokers facilitate swift money transfers and impose no extra fees for deposits or withdrawals.
KCM Trade or FBS Funding Methods?
Deposit and withdrawal methods are essential in trading. If a broker has a localized approach regarding funding, it makes the trading process easier, more straightforward and secure. As we compare the funding methods of both of the brokers, it is evident that KCM Trade exercises more localized approach for Vietnamese residents.
Customer Support
Traders often need support and guidance, especially beginner ones. This is why customer support is so important. KCM Trade and FBS prioritize a customer-focused approach that aligns with their robust trading services. They provide customer support through multiple channels, such as live chat, phone, and email. Live chat and phone support are especially important, as they provide real-time responses to customer inquiries. This is crucial in the fast-paced forex environment.
KCM Trade or FBS Customer Support?
Customer support at both KCM Trade and FBS is of a very high level, providing a professional and quality approach. However, through our research and own experience, it is safe to state that KCM Trade is one pace ahead, placing a strong emphasis on a client-centric philosophy. Combined with their comprehensive and high-quality trading services, KCM Trade proves itself a reliable and favorable choice for profitable trading.
Conclusion on KCM Trade vs. FBS
After conducting thorough research, we found that both KCM Trade and FBS are reputable and reliable options for profitable trading. The fact that they have a top-tier license from ASIC makes both brokers a great choice. Besides, the trading conditions offered by both brokers are quite diverse, which enables traders’ access to numerous assets and trading instruments. Also, trades are conducted on the market-popular platforms MT4 and MT5. Additionally, KCM Trade has its own platform, KCM Trade Web Trader, which is an advantage in itself, providing variety in platform choice.
Among other advantages of KCM Trade over FBS are its lower fees and spreads, the inclusion of copy trading, and the availability of multiple localized deposit and withdrawal methods tailored specifically for clients from Vietnam. Therefore, based on our analysis, our final recommendation leans more towards KCM Trade, considering its favorable trading conditions and the range of offerings.
