ForexTime (FXTM) and FxPro both offer all the major CFD instruments except cryptocurrencies such as Forex, gold, silver and other commodities, indices and stocks. Both brokers offer MetaTrader 4 and MetaTrader 5, but FxPro also offers cTrader. Let’s dive right in.
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Our full comparison covers the 10 most important trading factors. Here are some key differences between FXTM and FxPro:
Spreads offered by both brokers on all financial instruments are floating. Therefore, we are going to present a head-to-head comparison between the minimum spreads offered by FXTM on its ECN account and by FxPro on its cTrader account.
An additional spread comparison on the standard account will also be reviewed.
Forex Spread Comparison
FXTM vs FxPro spread comparison on the standard account is broken down below. Starting with FXTM, the spreads across the 3 different standard account types are as follows:
By comparison, the FxPro MT4 Instant account is the equivalent of the FXTM’s standard account and the spread on this account starts from 1.5 pips. There are no trading commissions involved – only an all-inclusive bid-ask spread.
Additionally, FxPro offers fixed spreads only on seven currency pairs – EUR/GBP, EUR/JPY, EUR/USD, GBP/JPY, GBP/USD, USD/CAD and USD/JPY. Spreads on other Forex pairs and asset classes are floating.
ECN Spread Comparison
FxPro streams its bid-ask quotes from a global network of 12 liquidity providers (LPs), which enables it to offer tight spreads. By comparison, FXTM doesn’t disclose its pool of LPs.
On the free-commission trading accounts (ECN zero account and Pro account), the FXTM spread starts from 0.0 pips, respectively 1.5 pips on major forex pairs. Even so, there are stringent requirements (minimum account balance of USD 25,000) to benefit from lower spreads.
On the other hand, the commission-based account comes with the following spreads:
FxPro uses a No Dealing Desk (NDD) execution model, which operates more or less like an ECN/STP broker. Average order execution speed of less than 11.06 ms and ultra-low latency (servers located at the Equinix Data centres in LD5 London and AM4 Amsterdam).
Standard Account Spreads
When it comes to standard account spreads, both FXTM and FxPro offer competitive rates. FXTM’s spreads for the forex pairs we analysed range from 1.3 for EUR/USD to 1.5 for NZD/USD. FxPro, on the other hand, offers slightly higher spreads, ranging from 1.4 for EUR/USD to 1.6 for NZD/USD.
| Forex Pair | FXTM | FxPro | Industry Average |
|---|---|---|---|
| EUR/USD | 1.3 | 1.4 | 1.5 |
| GBP/USD | 1.5 | 1.6 | 1.7 |
| USD/JPY | 0.9 | 1.0 | 1.1 |
| AUD/USD | 1.2 | 1.3 | 1.4 |
| USD/CAD | 1.3 | 1.4 | 1.5 |
| USD/CHF | 1.4 | 1.5 | 1.6 |
| NZD/USD | 1.5 | 1.6 | 1.7 |
Standard Account Analysis Updated September 2024[1]September 2024 Published And Tested Data
Comparing these figures to the industry average, it’s clear that both brokers are offering competitive spreads. The industry average ranges from 1.5 for EUR/USD to 1.7 for NZD/USD. This means that both FXTM and FxPro are offering spreads that are either on par with or slightly below the industry average.
In my opinion, if you’re looking for the cheapest option in terms of spreads, FXTM would be the better choice. Their spreads are consistently lower than FxPro’s across all the forex pairs we analysed. However, it’s important to remember that spreads are just one factor to consider when choosing a forex broker. Other factors, such as execution speed, ease of use, and trustworthiness, should also be taken into account.
Verdict
Clearly, FxPro is able to match FXTM in terms of spreads on major Forex pairs, but it lags behind on minor pairs and on some exotics. However, the spreads across the full range of CFDs offered are much tighter at FxPro. FxPro’s deep interbank liquidity allows it to keep spreads ultra-tight across Forex pairs and competitive across Metals and other CFDs, making it a good choice for scalping the markets.
*Your capital is at risk ‘73.76% of retail CFD accounts lose money’
With both FXTM and FxPro, Forex traders can choose from a range of popular trading platforms as well as some proprietary software. The MetaTrader 4 (MT4) and MetaTrader 5 (MT5) by MetaQuotes are offered by both forex brokers.
Additionally, FxPro offers as its primary trading platform the cTrader platform along with its proprietary trading platform FxPro EDGE.
| FxPro | FXTM | |
|---|---|---|
| Number of Trading Platforms | 4 | 2 |
| Proprietary Trading Platform | FxPro Edge | ✘ |
| Third-Party Platforms | MT4, MT5 & cTrader | MT4 & MT5 |
| Mobile Trading Platforms | Edge, MT4, MT5, cTrader | FXTM Trader, MT4, MT5 |
| Copy Trading Platforms | MQL5 Signals | FXTM Invest |
FXTM vs FxPro: MetaTrader 4 Trading Platform Comparison
The MetaTrader 4 trading platform has good Windows and Mac OSX compatibility along with a WebTrader version compatible with six popular browsers. Additionally, there is good mobile trading capability – MT4 mobile apps for iOS and Android devices.
Below we’re going to compare side-by-side a number of useful features and benefits that come with the FxPro’s MT4 and FXTM’s MT4:
Meanwhile, FxPro’s MetaTrader 4 trading platform offers a fully customisable interface and the ability to use additional trading tools such as Trader’s Dashboard, third-party trading service Trading Central and 8 different calculators.
At the same time, FXTM allows the use of extra trading indicators such as Pip Value Calculator, Pivots SR Levels, Day Bar Info and access to the FXTM Trading Signals tool.
FXTM vs FxPro: MetaTrader 5 Trading Platform Comparison
FxPro’s and FX TM’s MetaTrader 5 offer even more in terms of analytical, charting and customisability options. Among the key features and benefits offered are:
FxPro vs FXTM: Other Trading Platforms
In addition to the MetaTrader package, FxPro also grants access to the cTrader software. Thanks to the platform’s Smart Order Routing, clients will receive the best available bid and ask price in 100% of the cases, while their orders will be executed automatically in 99.9% of the cases.
FxPro also offers its own proprietary web trading platform, which grants access to six different asset classes and has a fully customisable interface. By accessing their FxPro Edge accounts directly from any browser, clients can take advantage of over 50 technical indicators and charting tools, 6 chart types and 15 time frames, as well as market execution with no dealing desk intervention.
The FxPro Trading Platform is also available as an all-in-one mobile app solution.
Meanwhile, ForexTime, in addition to mobile apps for MT4 and MT5, also offers the FXTM Trader mobile app. The latter is proprietary software that allows for seamless trade order management while granting access to state-of-the-art charting tools and some of the most popular technical indicators.
Verdict
The direct comparison between the two brokers shows that FxPro tops FXTM in terms of the best online trading platforms offered. FxPro’s leading charting package delivers the functionality that most forex traders are looking for. Click the button below if you want to test the MetaTrader package or the cTrader platform along with FxPro Edge.
*Your capital is at risk ‘73.76% of retail CFD accounts lose money’
In order to meet the preferences and financial objectives of a more diverse customer base, both FXTM and FxPro have ensured they offer a variety of live trading account types. While FXTM offers three Standard account types and three ECN account types, FxPro offers the following types of live accounts:
| FxPro | FXTM | |
|---|---|---|
| Minimum Deposit | $100 | From $10 |
| Number of Accounts | 5 Account Types | 6 Account Types |
| EUR/USD Standard Account Spreads | 1.4 pips | 1.9 pips |
| EUR/USD ECN Account Spreads | 0.1 pips | 0.3 pips |
| Commission (ECN Account) | $2.25 per side per 100k units ($4.5 round-turn) | $2 per side per 100k units ($4.0 round-turn) |
| Range of Platforms | MT4, MT5, cTrader & FxPro Trading Platform | MT4, MT5 & FXTM Trader App |
| Maximum Leverage | 1:30 | - FXTM UK 1:30 - FXTM Global 1:2000 |
| Instruments | +260 | +250 |
| Social Trading | MQL5 Signals | MQL5 Signals and FXTM Invest |
Trading Forex On FXTM Standard Account Types
With FXTM, clients are able to trade with no trading commissions on three types of Standard accounts (Standard account, Cent account and Stock CFD account). The minimum deposit required starts from $10 on the Cent account and can go as high as $100 on the Standard account and the Stock CFD account.
Note* On the Cent account the price movements and trading results are presented in USD cents, EUR cents or GBP Pence. For example, if you deposit USD 100 your account balance will be 10,000 cents.
| Standard Account | Cent Account | Stock CFDs Account | |
|---|---|---|---|
| Min Deposit | $100 | $10 | $100 |
| Account Currency | USD / EUR / GBP | USD / EUR / GBP | USD / EUR / GBP |
| Trading Instruments | - 59 FX pairs - 5 Spot Metals - 14 CFDs |
- 25 FX pairs - 2 Spot Metals |
- 120 US shares - 40 EU shares |
| Trading Platforms | MT4 | MT4 | MT4 |
| Best for | All traders | Traders with small deposits | Stock traders |
FXTM clients can access 59 currency pairs, 5 Spot Metals and 14 Spot Indices and Spot Commodity CFDs on the Standard account compared to only 25 major and minor currency pairs as well as 2 Spot Metals on the Cent account.
Finally, FXTM’s exclusive account for CFD stock trading grants you access to over 160 US and European Stocks on ForexTime’s MetaTrader 4 software, with maximum leverage allowed for US Shares being 1:5 and for European Shares – 1:3.
Trading Forex On FXTM ECN Account Types
The FXTM ECN trading account requires a minimum deposit of $500, respectively $200 for the ECN Zero account. Additionally, the Pro account requires a minimum deposit of $25,000.
Clients are granted access to 48 currency pairs, 3 spot metals and 14 spot CFDs through FXTM’s MT4 platform (ECN account and ECN zero account). The ECN zero account also grants access to the MT5 software but with a limited number of tradable markets (33 forex pairs and 2 spot metals).
At the same time, the Pro account grants FXTM clients access to 43 currency pairs and 2 spot metals.
| ECN Account | ECN Zero Account | FXTM Pro Account | |
|---|---|---|---|
| Min Deposit | $500 | $200 | $25,000 |
| Account Currency | USD / EUR / GBP | USD / EUR / GBP | USD / EUR / GBP |
| Trading Instruments | - 48 FX pairs - 3 Spot Metals - 14 CFDs |
- 48 FX pairs (33 on MT5) - 3 Spot Metals (2 on MT5) - 14 CFDs (None on MT5) |
- 43 FX pairs - 2 Spot Metals |
| Trading Platforms | MT4 / MT5 | MT4 / MT5 | MT4 / MT5 |
| Best for | Scalpers | Commission trading | Professionals, institutional traders and hedge fund managers |
Trading Forex On FxPro Live Account Types
FxPro offers a good selection of live trading account types with two types of execution models:
| FxPro MT4 Instant | FxPro MT4 | FxPro MT5 | cTrader | FxPro (EDGE) | |
|---|---|---|---|---|---|
| CFD Instruments |
Forex, Metals, Indices, Energies, Futures, Shares |
Forex, Metals, Indices, Energies, Futures, Shares |
Forex, Metals, Indices, Energies, Futures |
Forex, Metals, Indices, Energies | Forex, Metals, Indices, Energies, Futures, Shares |
| Platforms Available | MetaTrader 4 | MetaTrader 4 | MetaTrader 5 | cTrader | FxPro mobile app for iOS/Android FxPro EDGE web MT4 platform ranges |
| Trading Costs | Spread only (0 commission) |
Spread only (0 commission) |
Spread only (0 commission) |
-FX & Metals: Reduced Spread plus $4.5 per $100,000 traded. -Indices & Energies: Spread only (0 commission) |
Spread only (0 commission) |
| Execution Type | Instant Execution | Market Execution | Market Execution | Market Execution | Market Execution |
| Stop Out | -50% (FxPro CY, FxPro UK) -20% (FxPro GM) |
-50% (FxPro CY, FxPro UK) -20% (FxPro GM) |
-50% (FxPro CY, FxPro UK) -30% (FxPro GM) |
-50% (FxPro CY, FxPro UK) -30% (FxPro GM) |
-50% (FxPro CY, FxPro UK) -20% (FxPro GM) |
Below, we’re going to break down the main features of FxPro’s offerings:
The minimum deposit required to open a live trading account with FxPro is $100, though the brokerage recommends a minimum initial deposit of at least $1,000. Or FxPro matches the minimum deposit requirements of other leading online brokers such as AvaTrade.
FXTM vs FxPro: Is There A Demo Account?
Yes, both brokers offer a demo account, which mimics real market conditions and allows clients to develop their skills and test strategies in a risk-free trading environment. FXTM offers a demo account that mimics conditions on its Standard, Cent, ECN and ECN Zero accounts, while FxPro offers a demo account that comes with $100,000 in virtual funds. We should note that the FxPro demo accounts will be closed in case there has been no client activity for more than 180 days.
FXTM vs FxPro: Is There A Swap-Free Account Available?
As for swap-free live accounts, FxPro does offer an Islamic account option for clients of the Muslim faith. Yet, there are certain conditions that Muslim clients can discuss with the broker’s customer support team.
Meanwhile, FXTM offers an Islamic account across all of its Standard account types, while swap-free options are available only on its MT4 ECN account types.
Verdict
Overall, both forex brokers offer impressive-looking selections of trading accounts. FxPro’s and FXTM’s offerings include the standard account (commission-free) and a range of trading accounts with no-dealing desk execution (ECN-style). Click the button below if you want to explore any of FxPro’s offerings.
*Your capital is at risk ‘73.76% of retail CFD accounts lose money’
When it comes to trading, the experience and ease of use are paramount. We’ve spent countless hours testing both FXTM and FxPro and here’s what we’ve found. FXTM offers a user-friendly interface with intuitive navigation, making it easier for both beginners and seasoned traders. On the other hand, FxPro provides a robust trading platform with advanced tools and features that cater to professional traders.
After diving deep into both platforms and considering the feedback from our community, it’s clear that both brokers offer a top-notch trading experience. However, the choice boils down to individual preferences and trading needs.
Verdict: For traders seeking a straightforward and user-friendly platform, FXTM is the way to go. However, for those who prioritise advanced tools and features, FxPro stands out.
FxPro Trust Score
FXTM Trust Score
Regulatory oversight is another metric used in our FXTM vs FxPro review. Forex regulation is important to safeguard market integrity and to keep safe the retail traders. Both FXTM and FxPro fall under strict regulatory oversight by some of the most reputable Forex regulators across the globe.
In the United Kingdom, forex brokers need to be authorised by the Financial Conduct Authority (FCA). ForexTime UK Limited is regulated by the FCA with registration number 777911, while FxPro UK Limited has registration number 509956.
In the European Economic Area, both FX brokers are regulated by the Cyprus Securities and Exchange Commission (CySEC): ForexTime with license number 185/12 and FxPro with license number 078/07.
Last but not least, ForexTime and FxPro offer their online trading services in South Africa, where they are regulated by the Financial Sector Conduct Authority (FSCA):
Meanwhile, FxPro Group Limited and its corporate arms are authorised and regulated in Australia by the Australian Securities and Investments Commission (ASIC) with AFSL number 405750 and in Dubai by the Dubai Financial Services Authority (DFSA).
Internationally, FXTM operates through an entity licensed and regulated by the Financial Services Commission (FSC) of the Republic of Mauritius with Investment Dealer License number C113012295. At the same time, FxPro Global Markets Limited is regulated by the Securities Commission of the Bahamas (SCB).
Funds Safety
As multi-regulated online brokers, both FXTM and FxPro can be considered safe. FxPro keeps trader funds in segregated accounts at Barclays Bank, Julius Baer or Royal Bank of Scotland, while FXTM keeps “customer’s funds in top tier banks.”
Additionally, since ForexTime and FxPro are members of the Financial Services Compensation Scheme (FSCS), and the Cyprus Investor Compensation Fund (ICF), clients signed up with those entities in the respective jurisdictions have a guarantee that they will be compensated in the event of broker insolvency.
Negative Balance Protection
Last but not least, both FXTM and FxPro follow negative balance protection policies. Regardless of the circumstances that could lead to negative balances, both brokers will unconditionally bring clients’ account balances back to zero.
| FXTM | FxPro | |
|---|---|---|
| Tier 1 Regulation | CYSEC (Cyprus) FCA (UK) |
FCA (UK) CYSEC (Cyprus) |
| Tier 2 Regulation | FSCA (South Africa) | |
| Tier 3 Regulation | FSC-M (Mauritius) CMA (Kenya) |
SCB (Bahamas) FSC-M (Mauritius) FSCA (South Africa) |
Verdict
FxPro tops Forextime, but overall both brokers are considered to be safe from a regulatory point of view. Compared to FXTM, FxPro has more tier-1 licenses, better protection of your private data through a 2-step verification option, NBP policy and top transparency.
*Your capital is at risk ‘84.67% of retail CFD accounts lose money’
A similarity between FXTM and FxPro shares is their focus mostly on Forex trading and share dealing. However, both brokers also offer CFDs on several other asset classes – a total of 7 asset classes at FxPro versus 5 asset classes at Forextime.
Cryptocurrencies and futures trading is only available at FxPro. Bear in mind that UK traders will not be able to trade cryptocurrencies from 6th Dec, as per the FCA crypto CFD ban.
| FxPro | FXTM | |
|---|---|---|
| Financial Instruments | +260 | +250 |
| FX Pairs | +70 | 62 |
| Indices CFDs | 19 | 11 |
| Energies | 3 | 3 |
| Metals | 7 | 5 |
| Shares CFDs | +150 | -50 European stocks -141 US stocks |
| Cryptocurrencies | 5 | ✘ |
| Futures | 20 | ✘ |
Risk warning: Trading CFDs on retail investor accounts carries a high risk of rapid capital losses as high leverage ratios are used. Therefore, retail clients should be fully aware of the way these complex instruments work before they start trading on a live account.
CFD Trading
At FxPro, trading forex can be done on over 70 major, minor and exotic currency pairs versus 62 currency pairs found at FXTM. Clearly, FxPro comes ahead as it offers the possibility to trade a more diverse list of FX pairs.
The range of financial instruments available to trade at both brokerages can be presented as follows:
We should note that both FXTM and FxPro have not included Bond and ETF CFDs in their product lists.
Verdict
Overall, FxPro offers slightly more financial instruments and subsequently, more trading opportunities are presented. At FxPro, there are also more asset classes, and traders can explore trading opportunities in the cryptocurrency market and a good selection of futures. However, stock traders can take advantage of slightly more CFD stocks at FXTM.
With regard to Forex education, FxPro has provided two well-structured guides:
By comparison, FXTM attempts to offer its clients a selection of free eBooks on topics such as 50 Successful Traders’ Habits, Elliott Wave Theory, Bitcoin trading, Bullish and Bearish Candlestick Patterns.
An additional selection of Forex trading strategies and an easy-to-understand explanation of popular Forex technical indicators as well as of different Forex trading styles, can be found at FXTM.
Forex Video Tutorials
In addition, FxPro offers a selection of video tutorials covering topics such as Trade Habits, Market Players, FxPro Online Security, How to Fund a Trading Account etc. Meanwhile, FXTM offers short Forex trading videos structured in categories such as Forex Basics, Trading Basics, and Technical Analysis, among others.
Forex Webinars
FxPro’s team of experts also conducts online Forex webinars several times per week. Live forex webinars are also conducted on a regular basis by FXTM global market experts. The webinars will guide you through key risk management techniques, daily market updates and sophisticated trading strategies.
Research Offerings
When it comes to market news and analytics, FxPro maintains a comprehensive news blog with multiple publications on a daily basis. Meanwhile, FXTM fell far short of expectations missing daily research publications
Last but not least, FxPro clients can access Forex technical analysis-based trading signals from Trading Central on the broker’s MT4 and MT5 platforms.
Verdict
Overall, both FX brokers offer a diversity of Forex educational materials and good customer support. However, FxPro’s in-house resources top FXTM offerings due to its massive range of education courses and dedicated third-party research platform Trading Central – integrated directly with the MT4/MT5 platforms.
*Your capital is at risk ‘73.76% of retail CFD accounts lose money’
Our team of experts at Compare Forex Brokers also tested how good the client support service is. In the case of FxPro and FXTM, both brokers offer clients 24/5 customer support service via several channels.
Both brokers have adopted modern methods of communication, including:
| FxPro | FXTM | |
|---|---|---|
| Live Chat | ✔ | ✔ |
| ✔ | ✔ | |
| Phone | ✔ | ✔ |
| Messaging Apps | Telegram | Telegram & FB Messenger |
| Call Back | ✔ | ✔ |
| FAQs | ✔ | ✔ |
| Supported Languages | +20 | +30 |
The live chat option by both FxPro and FXTM allows clients to get instant help with a particular matter (from account management to trading platform issues). We highly recommend both brokers’ live chat support if you want to receive quick answers to your personal needs.
For general queries that are not urgent, you can get in touch with the brokers’ customer support team via email. Clients can send their inquiries to Support
And finally, FXTM and FxPro both offer client support services over the phone. To reach FXTM’s support team, clients can dial +357 25 55 87 77, while FxPro’s support can be reached by dialling +44 (0) 203 151 5550 (for international clients) or 08000 463 050 (toll-free for UK-based clients).
*Your capital is at risk ‘73.76% of retail CFD accounts lose money’
Account Base Currencies
While FxPro allows account funding in 8 different base account currencies, FXTM offers slightly fewer options – only 7 different currencies are supported. Both FX brokers support the major currencies such as the USD, EUR and GBP. Additionally, FxPro also supports CHF, PLN, AUD, JPY, and ZAR, while FXTM supports PLN, CZK, INR and NGN.
Funding Options
FXTM and FxPro share the traditional payment methods, including:
At FxPro, alternative funding options include UnionPay and direct money transfer broker-to-broker (B2B). The broker-to-broker method allows for hassle-free and quick transfer of your existing forex trading account to FxPro.
Meanwhile, with FXTM, clients are able to choose from extra account funding options like Dotpay and Western Union Quick Pay.
Deposit And Withdrawal Fees
There will be no deposit fees charged with any payment method at both brokers. However, FXTM will charge a withdrawal fee with some of the funding methods, while FxPro will not charge any withdrawal fees, given certain conditions are met.
Note that fund withdrawals via Skrill or Neteller are fee-free. However, all other funding methods will be associated with a withdrawal fee. For example, there will be a 2% fee with PayPal, while credit card withdrawals will incur a fixed amount fee depending on the base currency.
FxPro will not charge any fees on withdrawals. However, when using methods such as Skrill or Neteller, there may be a withdrawal fee if a withdrawal request is submitted by clients without having traded. The fees will be:
Verdict: FxPro tops FXTM by supporting more funding currencies and by offering innovative payment options. The major drawback with FXTM is the fact that some withdrawal methods will incur a fee.
*Your capital is at risk ‘73.76% of retail CFD accounts lose money’
At FXTM, the minimum deposit starts at USD 10, and it can go as high as USD 25,000, while FxPro has a minimum deposit of USD 100, but it recommends its clients deposit at least USD 1,000. Both FxPro and FXTM allow deposits and withdrawals to be made with 7 different methods.
| FxPro | FXTM | |
|---|---|---|
| Minimum Deposit | $100 | From $10 |
| Account Base Currencies | 8 | 7 |
| Payment Methods | 7 | 7 |
| Inactivity Fee | $5 | $5 |
| Withdrawal Fees | ✘ | - Eur 20 for bank transfer - 2% for Paypal - $3 for credit card |
Verdict
Both brokers have low minimum deposit requirements to help you start trading without investing your whole net worth.
*Your capital is at risk ‘73.76% of retail CFD accounts lose money’
Winner: FxPro is the winner because of its consistent performance across multiple categories, offering superior trading platforms, competitive spreads and fees, and a comprehensive range of CFD markets.
The table below summarises the key information leading to this verdict:
| Criteria | FXTM | 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 | ✅ | ❌ |
FXTM might be a good choice for beginner traders due to its user-friendly interface and intuitive navigation.
FxPro stands out for its advanced charting capabilities and comprehensive range of analytical tools, making it the top choice for professional traders.
FxPro generally offers more competitive spreads and fees. On average, FxPro’s spreads start at 0.6 pips for major currency pairs, while FXTM’s spreads can be slightly higher. For a detailed comparison of broker costs, you can refer to this comprehensive list of Lowest Commission Brokers.
Both FxPro and FXTM offer MetaTrader 4, a popular trading platform among forex traders. FxPro provides advanced tools and features on MT4, enhancing the trading experience. FXTM, on the other hand, offers a user-friendly interface on MT4, suitable for both beginners and experienced traders. For more insights on the best MT4 brokers, check out this detailed review of top MT4 brokers.
FxPro offers social trading features, allowing traders to follow and copy the strategies of professional traders. Social trading can be a great way for beginners to learn and for experienced traders to diversify their strategies. If you’re interested in exploring more about social trading platforms, here’s a comprehensive guide on the best social trading platforms.
FxPro offers spread betting for its UK clients. This form of trading allows traders to speculate on the price movements of various financial instruments without owning the underlying asset. Spread betting can be a tax-efficient way to trade, especially for UK residents. For a deeper dive into spread betting and the best brokers offering this service, you can explore this comprehensive guide on the best spread betting brokers in the UK.
In my opinion, FxPro stands out for Australian forex traders. While both brokers offer services to Australian clients, FxPro is ASIC regulated, ensuring a high level of trust and security for traders. FXTM, on the other hand, is based overseas and does not have the same local presence as FxPro. For those looking for a broker with a strong reputation in Australia, FxPro is a top choice. To get a broader perspective on the best brokers for Australians, check out this detailed review of the Best Forex Brokers In Australia.
From my perspective, FxPro is the superior choice for UK forex traders. Both brokers are FCA regulated, ensuring a high standard of conduct and protection for traders. However, FxPro has a strong presence in the UK and offers a range of platforms and tools tailored to the needs of UK traders. FXTM, while also FCA regulated, is based overseas. For UK traders seeking a broker with a strong local presence and comprehensive offerings, FxPro is hard to beat. For more insights on the best brokers in the UK, you can refer to this comprehensive guide on the Best Forex Brokers In UK.
No commission account spread propiety testing data and published wesbite spread information, centralised on our Standard Account Spreads page.
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