Justmarkets vs FBS: Which Forex Broker is Best?

A trader’s success can be substantially influenced by choosing the right forex broker, particularly within an intensely competitive market like Malaysia. In this article, we compare zero spreads brokers, JustMarkets with FBS, two essential brokers in the field. Our goal is to find out which broker offers better services in Malaysia by considering the trading conditions, platform reliability, customer service and compliance with regulations. Understanding these merits and demerits will help any trader establish personalized decisions on their trading needs from JustMarkets Malaysia or FBS, whether they are beginners or experts alike.

Regulation & Security

JustMarkets Regulatory Status

JustMarkets is one of the most trusted brokers because it offers regulated services in Seychelles through the Seychelles Financial Services Authority (FSA). As such, it operates as per all financial regulations, takes care of client’s funds and adopts a good business conduct manner making it transparent. The other entity known as Just Global Markets Limited is located in Mauritius and provides a wide range of services apart from underwriting but adheres to strict rules on finances and operations since it is under the Financial Services Commission (FSC). For some of its EU merchant functions, GMFT Services Ltd. manages some aspects of JustMarkets content supply and operations including the management of payment transactions. Therefore, this company ensures smooth financial operations within the EU.

FBS Regulatory Status

FBS is another brokerage company that operates on a global level offering extensive trading services. Its regulatory status involves several entities and jurisdictions:

IFSC (International Financial Services Commission) of Belize oversees the operations of FBS, ensuring that they follow certain guidelines to safeguard clients’ funds and maintain honesty.
Cyprus Securities and Exchange Commission (CySEC) regulates FBS through Tradestone Ltd. Thus, when checking into this brokerage firm you will find stricter laws regarding customer protection than for instance in IFSC.
It is also regulated by the Financial Sector Conduct Authority (FSCA) in South Africa. Hence there is some sort of unparalleled dependability on top of laws in South Africa governing financial matters providing an extra guard against its abuses.

Security Measures for Clients

JustMarkets and FBS also implement a few security measures that are good for their clients: Both brokers maintain segregated accounts for client funds, ensuring that these funds are kept separate from the company’s operating funds. This practice protects client funds during the bankruptcy of the broker company.
When data is transferred over the internet SSL (Secure Socket Layer) encryption is used to protect clients’ personal and financial information at all times.
2FA is provided by both brokers as an additional security level which makes clients enter some extra authentication details before entering into user accounts.
Negative balance protection is provided by both brokers to prevent clients from losing more than they deposited amounts. This feature serves as a cushion during market turbulence by limiting how much clients can lose to their account balance.
Both JustMarkets and FBS are subject to regular audits and compliance checks by their respective regulators.
Some regulatory bodies such as CySEC require brokers to participate in investor compensation schemes that offer insurance coverage for clients’ money until certain amounts if the broker cannot pay its debts.

Trading Platforms & Tools

Selecting a suitable trading platform can considerably improve your trading journey. JustMarkets and FBS each line their platforms with sturdy trading strings constructed for a variety of traders, starting from rookies through to advanced professionals.

MT4

MT5

WebTrader

Justmarkets

Multiple chart types, timeframes, and technical indicators.
Supports Expert Advisors (EAs) for algorithmic trading.
Available on iOS and Android, allowing trading on the go.
Ability to create custom indicators and scripts.

More order types compared to MT4, providing greater flexibility.
The built-in economic calendar for better-informed trading decisions.
More timeframes, technical indicators, and graphical objects.
Provides more detailed information on market liquidity.

A web-based version of MetaTrader that requires no installation.

Trade from any browser and operating system.
Access real-time market data and charts.
Syncs with your desktop MT4/MT5 accounts.

FBS

Intuitive interface suitable for beginners and professionals.
Rich set of tools for technical analysis, including various indicators and chart types.
Supports automated trading and custom scripts.
Available on desktop, web, and mobile devices.

Allows trading in more asset classes.
Comprehensive analytical tools, including more timeframes and built-in indicators.
Enhanced support for EAs and more sophisticated backtesting.
The integrated economic calendar for tracking market events.

A browser-based trading platform offering the core functionalities of MT4 and MT5 without the need for installation.

Trade from any internet-enabled device.
Easy to use with a straightforward interface.
Syncs with your MT4/MT5 accounts for seamless trading.

Account Types

JustMarkets Account Types

Standard Account: Great for all sorts of traders, with low spreads, zero charges, and up to 1:3000 leverage ratio.
Pro Account: For experienced traders only, with lower spreads, quicker executions, no commission throughout and leverage as high as 1:3000.
Raw Spread Account: Best suited for scalpers and high-frequency traders, offering ultra-low spreads from 0 pips, an amount per lot charged per trade and loaning limits that can go up to 1:3000.
Cent Account: The most appropriate choice for beginners in the field, with micro lot trading which reduces risks and a leverage ratio of 1:3000 maximum.
Islamic Account: Altogether an account type for Muslims keeping within Islamic financial principles therefore no swap fees are incurred on this account type and it’s available across all types.

FBS Account Types

Standard Account: Suitable for all types of traders with narrow spreads, no brokerage fees, leverage going as high as 1:3000.
Cent Account: Ideal for beginners in trading. Trading involves using cents only so there are lower risks involved; also it has a maximum leverage of 1:1000.
Micro Account: For precise risk management, offering fixed spreads, high leverage of 3000.
Zero Spread Account: Ideal for high-frequency traders with zero spreads and commission per lot with a maximum leverage of 1:3000 in addition to other advantages.
ECN Account: For experienced traders who want direct access to the market. Features include low spreads and commission per lot with a maximum leverage of 1:500.
Islamic Account: A swap-free option available to traders who comply with Islamic finance principles. There is no swap fee charged in this category and they are mainly limited to the standard accounts or cent accounts.

Trading Conditions

The table below provides a quick overview of the main trading conditions of both brokers, focusing on spreads commissions and leverage options.

Trading condition	JustMarkets	FBS
Spreads and commissions	Standard Account: Spreads start at 0.3 pips, no agency commission; Pro Account: Spreads begin from as low as 0.1pips, zero commissions; Raw Spread Account: the starting point of Justmarkets spread is 0.0 pips but you need to pay lot fees of three dollars for each; Cent Account: with 1pip differential with no agency charge.	Standard Account: Commissions are not applicable for spreads starting at 0.5 pips; Cent Account: Spreads starting at 1 pip are not subject to commissions; Micro Account: As far as the commission is concerned, a fixed 3-pip spread is charged; Zero Spread Account: This sort of account has a zero pip spread but charges $20 for every lot traded; ECN Account: This kind of account has its spreads beginning from -1 pip with a $6 commission for every lot traded
Leverage options	Up to 1:3000	Up to 1:3000 (Standard, Cent, Micro, Zero Spread) Up to 1:500 (ECN)

Promotions & Bonuses

JustMarkets has welcome bonuses and deposit bonuses. This implies that either new or existing customers can benefit from their promotions which may include cashback programs depending on the period of the offer. Similar to JustMarkets, FBS grants welcome bonuses, deposit bonuses and loyalty programs. The same company frequently offers promotions, contests and bonuses meant for motivational purposes in order to increase the number of traders who participate in trading activities.

FAQ

Which broker is better for beginners, JustMarkets or FBS?

JustMarkets may be better for beginners due to its lower minimum deposit requirements and variety of account types, including a Cent account that allows you to trade with smaller amounts. FBS also offers beginner-friendly options but has higher minimum deposits.

How does the customer support experience differ between JustMarkets and FBS?

JustMarkets and FBS offer 24/7 customer support in multiple languages, but FBS additionally supports social media as a customer support channel. JustMarkets relies on traditional channels such as live chat, email, and phone.

What are the payment methods supported by JustMarkets and FBS?

Both brokers support a variety of payment methods, including bank transfers, credit/debit cards, and various e-wallets. They also provide instant withdrawal options, subject to the processing time of the chosen payment provider.