Dive into our comparison of FOREX.com and FxPro. We’ve dissected each forex broker’s trading costs, platforms, regulations and more. Whether you’re a new or a seasoned trader, this guide helps you choose your broker.
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Our full comparison covers the 10 most important trading factors to help you decide between FOREX.com and FxPro. Here are five key differences:
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 Lowest Commission Brokers to see how these two stack up.
1. Standard Account Spreads
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 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 2024[1]September 2024 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.
2. RAW Account Spreads
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 Zero Spread Accounts.
3. Commission Rates
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 to other account types or to certain trading instruments.
4. Deposit & Withdrawal Fees
Neither FOREX.com nor FXPRO charges fees for deposits or withdrawals, which is a plus for traders who move money frequently.
5. Other Fees
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 up to ‘77.7% of retail CFD accounts lose money with FOREX.com’
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 Brokers and the Best MT4 Brokers.
1. MetaTrader 4 and 5
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.
2. cTrader and TradingView
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 |
3. Social And Copy Trading
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 social trading platforms on our website.
4. VPS and Other Trading Tools
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 up to ‘77.7% of retail CFD accounts lose money with FOREX.com’
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 Demo Accounts and Best Brokers for Micro Trading 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 |
When it comes to trading experience, you want a platform that’s not just powerful but also user-friendly. In our own testing, we found that FOREX.com offers a proprietary platform that’s quite intuitive, especially for beginners. It’s got a clean interface, and the tools are easy to find. On the other hand, FxPro offers cTrader, which is known for its advanced order capabilities. It’s a bit more suited for traders who know their way around.
Now, if you’re someone who values a wide range of trading instruments, FxPro has the edge with over 30 cryptocurrency CFDs compared to FOREX.com’s 8+. But if you’re looking for a more straightforward, user-friendly experience, FOREX.com might be more your speed.
Verdict: For the best overall trading experience, we’d have to give the nod to FOREX.com for its user-friendly interface and intuitive platform.
FOREX.com ReviewVisit FOREX.com
Your capital is at risk up to ‘77.7% of retail CFD accounts lose money with FOREX.com’
FOREX.com Trust Score
FxPro Trust Score
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 can find more about the ASIC Regulated Brokers and FCA Regulated Brokers on our website.
| FOREX.com | FxPro | |
|---|---|---|
| Tier 1 Regulation | FCA (UK) CIRO (CANADA) NFA/CFTC (USA) CYSEC (Cyprus) |
FCA (UK) CYSEC (Cyprus) |
| Tier 2 Regulation | JFSA (Japan) | |
| Tier 3 Regulation | CIMA (Cayman) | SCB (Bahamas) FSC-M (Mauritius) FSCA (South Africa) |
Verdict: Both brokers are highly regulated, but FOREX.com has a slight edge with more regulatory authorities overseeing its operations.
FOREX.com ReviewVisit FOREX.com
Your capital is at risk up to ‘77.7% of retail CFD accounts lose money with FOREX.com’
When it comes to the range of products and CFD markets, both FOREX.com and FxPro have a lot to offer. However, there are some key differences that could tip the scales in favour of one over the other. For instance, FxPro offers a wider range of trading instruments, including over 30 cryptocurrency CFDs. FOREX.com, on the other hand, offers 8+ cryptocurrency CFDs but makes up for it with a broader range of other markets.
| Product/Market | FOREX.com | FxPro |
|---|---|---|
| Forex Pairs | 80+ | 70+ |
| Cryptocurrencies | 8+ | 30+ |
| Indices | 15+ | 24+ |
| Commodities | 10+ | 20+ |
| Shares | 220+ | 150+ |
| Metals | 5+ | 6+ |
| Energies | 3+ | 4+ |
| Bonds | 2+ | 1+ |
| ETFs | 5+ | 10+ |
| Options | No | Yes |
| Futures | No | Yes |
From our own testing, we found that both brokers offer a comprehensive range of products, but FxPro has a slight edge when it comes to the variety of CFD markets. They offer more options in cryptocurrencies, commodities, and ETFs, which could be a significant factor for traders looking for a diverse portfolio.
Verdict: For the best range of CFDs and Markets, FxPro takes the crown with its wider array of trading instruments and markets.
When it comes to educational resources, both FOREX.com and FxPro have a lot to offer, but there are some differences that could make one a better fit for you. FOREX.com provides a comprehensive education section on its website, complete with webinars, articles, and video tutorials. FxPro, on the other hand, focuses more on market analysis and insights, offering fewer educational materials.
Based on our own testing, we found that FOREX.com’s educational resources are more comprehensive and cater to a wider audience, from beginners to advanced traders. FxPro’s resources are more tailored to experienced traders who are looking for market insights rather than educational content.
Verdict: Based on our testing scores, FOREX.com offers superior educational resources, making it the better choice for traders looking to expand their knowledge.
FOREX.com ReviewVisit FOREX.com
Your capital is at risk up to ‘77.7% of retail CFD accounts lose money with FOREX.com’
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 up to ‘77.7% of retail CFD accounts lose money with FOREX.com’
When it comes to funding your trading account, both FOREX.com and FxPro offer a variety of options, but there are some differences that could make one broker more convenient than the other. FOREX.com, for instance, accepts credit cards, wire transfers, and even PayPal for deposits. FxPro, on the other hand, offers a similar range but includes additional options like Neteller and Skrill.
Funding your account should be straightforward, and the more options you have, the better. From our own testing, we found that both brokers offer secure and efficient methods for deposits and withdrawals. However, FxPro offers a slightly wider range of options, which could be a deciding factor for some traders.
| Funding Option | FOREX.com | FxPro |
|---|---|---|
| Credit Card | ✓ | ✓ |
| Wire Transfer | ✓ | ✓ |
| PayPal | ✓ | ✗ |
| Neteller | ✗ | ✓ |
| Skrill | ✗ | ✓ |
| UnionPay | ✓ | ✓ |
| WebMoney | ✗ | ✓ |
| FasaPay | ✗ | ✓ |
| Bitcoin | ✗ | ✗ |
| Bank Cheque | ✓ | ✗ |
Verdict: Based on our testing, FxPro offers a wider range of funding options, making it the more convenient choice for traders looking to fund their accounts.
When it comes to trading, the initial capital you need to start can be a significant factor. FOREX.com and FXPro offer different options for minimum deposits, catering to traders with varying financial capabilities. FOREX.com has a standard minimum deposit of $100, which is reasonable for most retail traders. On the other hand, their Direct Market Access (DMA) account requires a hefty $25,000 minimum deposit, targeting more experienced and financially capable traders.
FXPro offers even more flexibility with its minimum deposit requirements. For the FxPro MT4/MT5 and MT4 Instant platforms, there is no minimum deposit. This is a great advantage for beginners who are cautious about investing a large sum upfront. The FxPro cTrader platform also has a $0 minimum deposit, making it accessible for traders of all levels.
| Broker | Minimum Deposit Amounts |
|---|---|
| FOREX.com | Standard – $100, DMA – $25,000 |
| FXPro | MT4/MT5 – $0, cTrader – $0 |
Verdict: FXPro offers lower minimum deposit options, making it more accessible for traders who are just starting out or those who prefer to invest smaller amounts.
FOREX.com is the winner because it excels in a majority of key areas, such as spreads and fees, trading platforms, and educational resources. The table below summarises the key information leading to this verdict.
| Criteria | FOREX.com | FxPro |
|---|---|---|
| Lowest Spreads And Fees | ✅ | ❌ |
| Better Trading Platform | ✅ | ❌ |
| Superior Accounts And Features | ✅ | ✅ |
| Best Trading Experience And Ease | ✅ | ❌ |
| Stronger Trust And Regulation | ✅ | ❌ |
| Top Product Range And CFD Markets | ❌ | ✅ |
| Superior Educational Resources | ✅ | ❌ |
| Superior Customer Service | ✅ | ✅ |
| Better Funding Options | ❌ | ✅ |
| Lower Minimum Deposit | ❌ | ✅ |
FOREX.com is better suited for beginner traders due to its comprehensive educational resources and user-friendly platform.
FxPro is the better choice for experienced traders, offering a wide range of products and more flexible funding options.
FOREX.com has lower costs when it comes to spreads and fees. The broker offers an average EUR/USD spread of 1.2 pips, compared to FxPro’s 1.32 pips. This makes a significant difference in the long run for traders who are cost-conscious. For more information on Lowest Commission Brokers, you can visit this comprehensive guide on low commissions.
Both FOREX.com and FxPro offer MetaTrader 4, but FOREX.com provides a more user-friendly experience. It offers customisable charts and a range of plugins to enhance trading. If you’re interested in exploring more options, check out this list of the best MT4 brokers.
Neither FOREX.com nor FxPro currently offers social or copy trading features. This could be a deciding factor for traders who prefer a more community-oriented trading experience. For those interested in social trading, you might want to explore this list of the best copy trading platforms.
Neither FOREX.com nor FxPro offers spread betting as part of their services. This could be a significant factor for UK traders who are looking for tax advantages associated with spread betting. For more options, you can check out this list of the best spread betting brokers in the UK.
In my opinion, neither FOREX.com nor FxPro stands out as the superior choice for Australian Forex traders. Both brokers are not ASIC regulated and neither is founded in Australia. If you’re an Aussie trader, you might want to look into other options that are more tailored to your needs. Here’s a comprehensive list of the Best Forex Brokers In Australia to help you make an informed decision.
Personally, I’d say FOREX.com is the better option for UK Forex traders. It is FCA regulated and offers a more user-friendly trading platform. FxPro is also FCA regulated but is not founded in the UK. If you’re a trader based in the UK, you might find this list of the Best Forex Brokers In UK useful for making your choice.
No commission account spread propiety testing data and published wesbite spread information, centralised on our Standard Account Spreads page.
Ask an Expert
Can I use TradingView with Forex.com or FxPro?
You can use TradingView with Forex.com, at this time FxPro offer MT4, MT5, cTrader and their own platforms called FxPro Trading Platform.
Are demo accounts limited in any way?
Not really, while you wont get slippage, partial fills, requotes and rejections like in the real world, demo account do a good job replicating a live trading environment.