Delve into our comparison of FOREX.com and FXPRO. We’ve dissected each forex brokers trading costs, platforms, and regulation and more. Whether you’re a new or a seasoned trader, this guide help you choose your broker.
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FOREX.com and FXPRO are both reputable brokers in the forex market, but they differ in several key areas. FOREX.com offers a wider range of trading platforms, including its proprietary platform, while FXPRO focuses on providing superior trading conditions with lower spreads and faster execution speeds. Here are some key points to consider:
When it comes to trading costs, every pip counts. Both FOREX.com and FXPRO offer competitive pricing, but there are differences to consider. Let’s delve into the low commission forex brokers to see how these two stack up.
FOREX.com’s published average spread for the EUR/USD pair is 1.2 pips, while FXPRO’s is slightly higher at 1.43 pips. However, our spread testing results for FXPRO came out at 2.22 pips, indicating that actual trading conditions may vary. It’s worth noting that these are some of the lowest fixed spread forex brokers in the market.
When it comes to the average standard account spreads, there’s a clear distinction between FOREX.com, FXPRO, and the industry average. Let’s delve into the numbers.
FOREX.com has an average spread for EUR/USD at 1.2, which is slightly lower than the industry average of 1.35. This trend continues across the board with FOREX.com consistently offering lower spreads than the industry average. This is particularly noticeable with the EUR/JPY pair where FOREX.com’s spread is 2.8 compared to the industry average of 2.04.
FXPRO, on the other hand, tends to have higher spreads than both FOREX.com and the industry average. For instance, their spread for EUR/USD is 1.32, which is higher than both FOREX.com and the industry average. This pattern is consistent across all pairs, with the most significant difference being in the AUD/JPY pair where FXPRO’s spread is a whopping 3.19 compared to FOREX.com’s 2.3 and the industry average of 2.31.
| Forex Pair | FOREX.com | FXPRO | Industry Average |
|---|---|---|---|
| EUR/USD | 1.2 | 1.32 | 1.35 |
| USD/JPY | 1.5 | 1.4 | 1.54 |
| GBP/USD | 1.6 | 1.7 | 1.68 |
| AUD/USD | 1.4 | 1.95 | 1.63 |
| USD/CAD | 2.6 | 1.73 | 1.93 |
| EUR/GBP | 1.5 | 1.37 | 1.69 |
| EUR/JPY | 2.8 | 1.87 | 2.04 |
| AUD/JPY | 2.3 | 3.19 | 2.31 |
Standard Account Analysis Updated September 2023[1]September 2023 Published And Tested Data
In my opinion, if you’re looking for lower spreads, FOREX.com seems to be the cheaper option. However, it’s essential to remember that spreads aren’t the only factor to consider when choosing a forex broker. Other elements such as the trading environment, trustworthiness, and customer service are equally important.
For traders who prefer RAW accounts, the spreads can be significantly lower. Unfortunately, we do not have specific data for these brokers’ RAW account spreads at this time. However, you can find more information on forex brokers with zero pip accounts.
Commission rates can also impact your trading costs. Both FOREX.com and FXPRO offer commission-free trading on their standard accounts, but commissions may apply on other account types or for certain trading instruments.
Neither FOREX.com nor FXPRO charges fees for deposits or withdrawals, which is a plus for traders who move money frequently.
Other potential costs to consider include inactivity fees, overnight financing charges, and fees for premium services or features. Both brokers are transparent about their fee structures, so it’s worth checking their websites for the most up-to-date information.
Verdict: Based on the available data, FOREX.com appears to have slightly lower spreads on the EUR/USD pair. However, the actual trading costs may vary depending on the account type, trading volume, and other factors.
| Criteria | FOREX.com | FXPRO |
|---|---|---|
| Standard Account Spreads | 1.2 | 1.43 |
| RAW Account Spreads | N/A | N/A |
| Commission Rates | $0 | $0 |
| Deposit & Withdrawal Fees | $0 | $0 |
FOREX.com ReviewVisit FOREX.com
*Your capital is at risk ‘71% of retail CFD accounts lose money’
Trust and regulation are crucial factors when choosing a forex broker. Both FOREX.com and FXPRO are regulated by multiple authorities worldwide, which provides a high level of trust and security for traders.
FOREX.com is regulated by the ASIC, FCA, CySEC, BaFin, FINMA, MFSA, KNF, CFTC, and DFSA. On the other hand, FXPRO is regulated by the ASIC, FCA, CySEC, BaFin, SCB, DFSA, and FSCA. You canfind more about the ASIC regulated brokers and FCA regulated forex brokers on our website.
Verdict: Both brokers are highly regulated, but FOREX.com has a slight edge with more regulatory authorities overseeing its operations.
| Broker | Regulator |
|---|---|
| FOREX.com | ASIC, FCA, CySEC, BaFin, FINMA, MFSA, KNF, CFTC, DFSA |
| FXPRO | ASIC, FCA, CySEC, BaFin, SCB, DFSA, FSCA |
FOREX.com ReviewVisit FOREX.com
*Your capital is at risk ‘71% of retail CFD accounts lose money’
Trading platforms are the gateway to the forex market, and both FOREX.com and FXPRO offer a range of options to suit different trading styles and preferences.
FOREX.com offers its proprietary platform, as well as MetaTrader 4 (MT4), MetaTrader 5 (MT5), and other platforms. FXPRO also offers MT4 and MT5, along with cTrader and other platforms. Let’s compare the best cTrader forex brokers and the best MetaTrader 4 forex brokers.
Both FOREX.com and FXPRO offer MetaTrader 4 and 5, the most popular trading platforms in the forex market. These platforms are known for their advanced charting tools, automated trading capabilities, and wide range of available trading instruments.
FXPRO offers cTrader, a platform known for its intuitive interface and advanced order capabilities. FOREX.com, on the other hand, does not offer cTrader but does provide access to TradingView charts within its proprietary platform.
| Criteria | FOREX.com | FXPRO |
|---|---|---|
| MetaTrader 4 | Yes | Yes |
| MetaTrader 5 | Yes | Yes |
| cTrader | No | Yes |
| Social Trading | No | No |
| VPS Services | Yes | Yes |
Social and copy trading features allow traders to follow and copy the trades of experienced traders. Neither FOREX.com nor FXPRO currently offers social or copy trading features. However, you can find more about the best forex social trading platforms on our website.
Both brokers offer Virtual Private Server (VPS) services for traders who use automated trading strategies. They also provide various other trading tools, such as economic calendars, market news, and analysis tools.
Verdict: Both brokers offer a range of trading platforms, but FOREX.com has a slight edge with its proprietary platform and integration with TradingView charts.
FOREX.com ReviewVisit FOREX.com
*Your capital is at risk ‘71% of retail CFD accounts lose money’
FOREX.com offers a range of account types, including Standard, Commission, and Direct Market Access accounts. FXPRO also offers multiple account types, including MT4, MT5, cTrader, and Edge accounts. Let’s delve into the best forex broker demo accounts and forex brokers with micro accounts to see how these two stack up.
Verdict: Both brokers offer a variety of account types to suit different trading styles and preferences. The best choice depends on your specific trading needs and preferences.
| Criteria | FOREX.com | FXPRO |
|---|---|---|
| Standard Account | Yes | Yes |
| Commission Account | Yes | No |
| Direct Market Access | Yes | No |
| MT4 Account | Yes | Yes |
| MT5 Account | Yes | Yes |
| cTrader Account | No | Yes |
| Edge Account | No | Yes |
Both FOREX.com and FXPRO offer comprehensive customer service, including live chat, phone support, and email support. However, specific data on their response times and customer satisfaction levels is not currently available.
Verdict: Both brokers are committed to providing high-quality customer service, but without specific data, it’s not possible to determine which broker offers superior customer service.
| Criteria | FOREX.com | FXPRO |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
FOREX.com ReviewVisit FOREX.com
*Your capital is at risk ‘71% of retail CFD accounts lose money’
In addition to the factors discussed above, there are other considerations when choosing a forex broker.
FOREX.com requires a minimum deposit of $100, while FXPRO requires a minimum deposit of $100.
Both brokers offer a variety of payment methods, including bank transfer, credit/debit card, and e-wallets.
Other factors to consider include the range of trading instruments available, the availability of educational resources, and the broker’s reputation in the industry. Both FOREX.com and FXPRO offer a wide range of trading instruments and provide educational resources for traders.
Verdict: Both brokers offer competitive trading conditions, but the best choice depends on your specific trading needs and preferences.
| Criteria | FOREX.com | FXPRO |
|---|---|---|
| Minimum Deposit | $100 | $100 |
| Payment Methods | Multiple options | Multiple options |
| Range of Trading Instruments | Wide range | Wide range |
After a thorough comparison, it’s clear that both FOREX.com and FXPRO have their strengths.
Best For Beginner Traders: FOREX.com is the best choice for beginner traders. Its user-friendly platform, comprehensive educational resources, and competitive trading conditions make it a great choice for those new to forex trading.
Best For Experienced Traders: FXPRO, with its advanced trading platforms, competitive spreads, and wide range of trading instruments, is best suited for experienced traders.
| Criteria | FOREX.com | FXPRO |
|---|---|---|
| Our Forex Broker Scores | 8.5 | 8.3 |
In conclusion, both FOREX.com and FXPRO are reputable brokers that offer competitive trading conditions. The best choice depends on your specific trading needs and preferences.
FOREX.com ReviewVisit FOREX.com
*Your capital is at risk ‘71% of retail CFD accounts lose money’
Both brokers have their strengths. FOREX.com is best for beginner traders, while FXPRO is suited for experienced traders.
Yes, both brokers offer demo accounts, allowing traders to practice trading strategies without risking real money.
No commission account spread propiety testing data and published wesbite spread information, centralised on our standard account spread page..
