FBS vs RoboForex: Which Broker Suits Norway Traders Better?

For Norway traders, trading costs are a critical factor. FBS offers tighter spreads, starting from 0.0 pips on its Zero Spread account, while RoboForex spreads begin at 0.5 pips on the Prime account. On a standard lot trade of EUR/USD, FBS costs about $3 per lot, compared to RoboForex's $6. For high-volume traders, this difference adds up significantly. Both brokers charge no commission on standard accounts, but RoboForex's ECN accounts have a commission of $3.50 per lot. FBS also provides a loyalty program that reduces costs over time, which is beneficial for Norwegian traders trading regularly.

FBS and RoboForex both offer MetaTrader 4 (MT4) and MetaTrader 5 (MT5), the industry-standard platforms favored by Norway traders. FBS also provides its proprietary FBS Trader app for mobile trading, while RoboForex offers cTrader for advanced charting. For Norway traders, MT5 is particularly useful due to its multi-asset support and economic calendar features. Both platforms are available in Norwegian language, making navigation easier. FBS's copy trading feature is a plus for beginners, while RoboForex's R StocksTrader platform integrates stocks and ETFs for diversified trading.

FBS provides instant execution with no requotes on most accounts, while RoboForex uses market execution with ECN connectivity on Prime accounts. For Norway traders trading volatile pairs like USD/NOK, FBS's execution is faster and more reliable, with average execution times under 50ms. RoboForex may experience slippage during news events, but its ECN model offers better depth for large orders. Both brokers use No Dealing Desk (NDD) execution.

Regulation is a key concern for Norway traders. FBS is regulated by the International Financial Services Commission (IFSC) of Belize, while RoboForex is regulated by the Financial Services Commission (FSC) of Belize and the Cyprus Securities and Exchange Commission (CySEC) for EU clients. Neither broker is regulated by the local financial regulator in Norway, meaning traders lack local investor protection. However, CySEC regulation for RoboForex provides some EU-level safeguards. Norway traders should be aware that funds are not covered by the Norwegian deposit guarantee scheme. Both brokers offer negative balance protection and segregated accounts to enhance security.

Norway traders can deposit and withdraw funds using Bank Transfer, Skrill, Neteller, and USDT TRC20 at both brokers. FBS has a minimum deposit of $10, while RoboForex starts at $10 as well. Deposits via Skrill and Neteller are instant and free, while bank transfers may take 1-3 business days with possible fees from intermediate banks. USDT TRC20 deposits are processed within minutes and are popular for crypto-savvy traders. Withdrawals are processed within 24 hours for e-wallets and crypto, but bank transfers can take 2-5 days. FBS offers a free withdrawal per month, while RoboForex charges a small fee for some methods. Both brokers support NOK conversion via bank transfers, but using USD accounts avoids conversion costs.

Both FBS and RoboForex offer Islamic (swap-free) accounts for Norway Muslim traders, complying with Sharia law by eliminating overnight interest. FBS provides swap-free accounts on all account types, including Standard and Zero Spread, with no additional fees. RoboForex offers Islamic accounts on Standard and Prime accounts, but requires a request via customer support. Both brokers require that swap-free accounts are not used for excessive hedging. Norway traders should confirm the availability of Islamic accounts before opening, as they are not automatically applied. FBS's policy is more straightforward, while RoboForex may have a waiting period.

FBS offers 24/7 customer support in multiple languages, including English and Norwegian, via live chat, email, and phone. RoboForex provides 24/5 support with live chat and email, but Norwegian language is limited to English only. For Norway traders, FBS's round-the-clock support and Norwegian-language assistance give it an edge. Response times are under 5 minutes for live chat at both brokers.