Which one is safer, FBS or XM?

@ aries:

For the security of your trading and funds, we recommend choosing a broker that is regulated by a credible international regulatory body, namely: CFTC, NFA, FCA, FSA, FINMA, MiFID, ASIC and FMA.

A credible regulatory body is one that has been tested and is globally recognized, and imposes strict sanctions on brokers if they are found to violate agreed-upon terms. These regulatory bodies are also responsible for the security of client funds.

Both FBS broker and XM broker have sub-companies in Australia that are regulated by ASIC. This proves that both brokers can meet the strict standards and regulations of the Australian authorities.

If broker security is equal, you can select a broker based on the smoothness and quality of their trading services. Look for brokers that rarely experience problems with execution, deposits, or withdrawals. Broker testimonials from clients can help you learn about better brokers in this regard.