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In the fast-paced world of forex trading, choosing the right broker is crucial. FOREX.com and FxPro are two popular options, each with unique strengths and weaknesses. This comparison will dive into the key features of both platforms,helping you decide which one best suits your trading style and goals.
The radar chart above illustrates the comparison between FOREX.com and FxPro across several key metrics, with the highest possible score being 100 in each category.
At FxScouts, our mission is to assist traders in finding the broker that best suits their needs. Comparing brokers side-by-side is an effective method to achieve this goal. We evaluated FOREX.com and FxPro, using our standard criteria: trust and regulation, trading platforms, costs and trading conditions, and educational and market analysis resources.
Trust and regulation are crucial when selecting a Forex broker. A broker’s credibility is largely built on its regulatory status. We spend considerable time verifying the safety of each broker by examining their regulatory licenses. The more top-tier authorities regulating a broker, the higher its trust rating.
In our comparison:
Based on these findings, FOREX.com earned a higher trust rating than FxPro.
When comparing brokers, trading costs are a significant factor. We consider the minimum deposit required to open an account and ongoing costs, including spreads and commissions. We measure the cost to trade one lot of EUR/USD using the broker’s account with the lowest minimum deposit, including both the spread and any commission charged.
We found that FOREX.com has overall lower trading costs than FxPro.
Trading Platforms Offered Traders prefer brokers that offer a variety of trading platforms. We rate brokers higher if they support multiple platforms like MetaTrader4, MetaTrader5, cTrader, and proprietary platforms.
Copy trading is beneficial for beginner traders or those unable to trade full-time. In this case both FOREX.com and FxPro offer copy trading.
A broader range of CFD instruments provides more trading opportunities. FOREX.com offers a greater variety of instruments compared to FxPro:
For those interested in trading cryptocurrencies, FxPro offers 30 cryptocurrencies, while FOREX.com offers 0 cryptocurrencies. Therefore, FxPro is the better choice for cryptocurrency trading.
Traders prefer brokers with quick and cost-effective deposit and withdrawal processes. We favor brokers that process withdrawals within 24 hours using multiple methods without charging fees.We found that FOREX.com charges a withdrawal fee and FxPro does not. Overall, FxPro has better deposit and withdrawal processes than FOREX.com.
We often find that brokers offer very little in the way of educational materials, forcing traders to use other third-party sites or self-educate elsewhere. Beginner traders need well-structured, well-presented materials in multiple formats to get a good start at trading. More experienced traders also benefit from webinars led by experts in the field and advanced trading strategy sections with new trading ideas.
FOREX.com has better educational support than FxPro. Both FOREX.com and FxPro offer educational support for more experienced traders.Access to frequent and high-quality market research and analysis is crucial.
We found that FOREX.com offers better research analysis than FxPro and that both FOREX.com and FxPro offer frequent webinars.
Founded in 2001, Forex.com is a well-regulated broker with high minimum deposits and low fees that is more suited to serious beginners and more experienced traders. Beginners with low minimum deposits will be put off by the high trading costs on Forex.com's entry-level Standard and MT4 accounts. But experienced traders will be interested in the DMA account with a minimum deposit of 25,000 USD but the most competitive spreads (0.0 pips on the EUR/USD) combined with some of the lowest commissions in the industry.
Forex.com provides support for MT4 and its own trading platform and experienced traders will appreciate the range of trading tools on offer, including Autochartist, Trading Central, Trading View, SMART Signals, and subsidised VPS hosting.
Education and market analysis are both excellent and experienced traders will appreciate the wide range of tradable assets, including over 91 currency pairs, 4500 share CFDs, commodities, indices, precious metals, and cryptocurrencies.
Overall, Forex.com ticks all the boxes for those with higher minimum deposits looking for a wide range of assets to trade and a choice of trading platforms.
FxPro is a well-regulated broker with a wide range of accounts, reasonable minimum deposits, and an excellent selection of trading platforms. British traders will also be pleased to note that they can spread bet, which means that they don't have to pay Capital Gains Tax on their profits.
However, some issues we found with FxPro are that its trading costs are generally much higher than other brokers and its education and market analysis are limited. But we were impressed with how easy-to-use FxPro’s mobile trading app was and the quality of customer support we received. Support is available in a range of languages, 24 hours a day, seven days a week.
For more detailed reviews, please read our comprehensive assessments of FOREX.com and FxPro.
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Broker | Regulated by FCA | Licenced by | Min. Deposit | Cost of Trading | Broker Score | Official Site | Compare |
|---|---|---|---|---|---|---|---|
 | No |      | GBP 100 | USD 9 | |||
 | Yes |   | GBP 100 | USD 6 | |||
 | Yes | | GBP 0 | USD 10 | |||
 | Yes | | GBP 100 | USD 7 | |||
 | Yes |   | GBP 0 | USD 6 | |||
 | No |  | GBP 5 | USD 6 | |||
 | Yes |  | GBP 0 | USD 7 | |||
 | Yes | | GBP 100 | USD 14 | |||
 | No |   | GBP 50 | USD 6 | |||
 | Yes |  | GBP 100 | USD 7 |
Alison and Chris cover a range of topics, including how to choose a Forex broker, safety and regulation, how to reduce your risk, trading psychology, trading platforms, and trading strategies, among others.
The FxScouts podcast helps beginner Forex traders get the best start to their trading careers.
