Page Summary
Interactive Brokers and FxPro are leading online brokers. Interactive Brokers is a trustworthy broker with competitive fees. It has licenses from the SFC, FSA, IIROC, MAAS, FINMA, FCA, and CFTC. This broker has a demo account, a proprietary platform, and a professional app. We recommend it for experienced traders because of its limited research and educational tools.
FxPro is a MetaTrader broker with both MT4 and MT5 platforms. It has many account tiers and execution methods. FxPro offers an excellent learning center with written content and videos. We recommend it for traders at all levels who want access to helpful trading knowledge.
This article discusses the strengths and weaknesses of Interactive Brokers and FxPro.
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Interactive Brokers
All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.
FXPro
BROKER COMPARISON
Trading Platform & Tools
| Automated Trading | ||
| Charting Tools | ||
| Conditional Orders | ||
| cTrader | ||
| Demo Account | ||
| Desktop Platform | ||
| Max Leverage | 1:20 | 500:1 |
| MetaTrader 4 (MT4) | ||
| MetaTrader 5 (MT5) | ||
| Mobile Version | ||
| Mutual Fund Management | ||
| Proprietary Platform | ||
| Social/Copy Trading | ||
| Trading Alerts | ||
| Trading signals | ||
| Watchlist | ||
| Web Version |
Fees
| Withdrawal Fee | 0 | 0 |
| Deposit Fee | 1% | 0 |
| Inactivity Fee | 0 | $5 |
| Cost Per Trade | 0 | 0 |
| Cost Per Month | 0 | 0 |
| Forex (EUR/USD) | 0.2 pips + 0.08 to 0.20 bps times trade size comission | 1.1 pips |
| Stocks & ETF | $ 0.005 per share | 0 |
| CFD (Gold) | 0.02% | 3.5 pips |
| Crypto | 0.12% to 0.18% of trade value | 0 |
| Options | 0 | |
| Conversion Fees | 0 | |
| Misc. Fees | 0 | 0 |
| Overnight Fees | Yes on CFD’s |
Deposit & Withdrawal
| Minimum deposit (in UAE) | $0 | $100 |
| Bank Wire | ||
| Credit/Debit Card | ||
| Cash | ||
| Check | YES from US bank account | |
| Islamic Account Transfer | ||
| E-payments | ||
| Paypal | ||
| Skrill | ||
| Neteller |
Assets
| Shares | 16.500 | 0 |
| ETF & Funds | 35.000 | 0 |
| Crypto | 4 | 0 |
| Commodities | 1 | 0 |
| Indices | 3052 | 0 |
| Options | 50.000 | 0 |
| Futures | 245 | 0 |
| Bonds | 1.000.000 | 0 |
| Forex Instruments | 115 | 70 |
| CFD Indices & Funds | 13 | 42 |
| CFD Stocks | 8.000 | 2030 |
| CFD Commodities | 2 | 8 |
| CFD Crypto | 0 | 31 |
| CFD Bonds | 0 | 0 |
| Binary Options | 0 | 0 |
| SWAPS | 0 | 0 |
| Saving Plans | 0 | 0 |
Research & Education
| Webinars | ||
| Educational Resources | ||
| Daily News Updates | ||
| Market Indepth Analysis | ||
| Pers. Training & Room | ||
| Market Research |
Customer Support
| Phone | ||
| Live Chat | ||
| 24/7 support | ||
| Multilingual | ||
| Personal Account Manager |
Winner
Top findings from the Interactive Brokers vs. FxPro review:
- Interactive Brokers is a trustworthy broker with top-tier licenses and premium platforms.
- FxPro is a safe broker with access to the MetaTrader suite and a learning center.
- Both brokers offer a proprietary platform and a virtual trading account.
Interactive Brokers is an excellent choice for experienced traders looking for professional tools. New traders prefer FxPro, as it has many learning tools, including a user-friendly proprietary platform.
Level of experience
Interactive Brokers offers Trading Central, daily market commentary, and forex news. It has useful educational tools, including webinars. The downside is it doesn’t offer beginner trading videos.
FxPro has a dedicated learning center with beginner trading videos and webinars. It offers insights from education leaders, including FXCM and IG. FxPro is a top choice for new investors, as its platforms are beginner-friendly.
Fees
The minimum deposit fee at FxPro is $100, while at Interactive Brokers is $0. Both brokers have a transparent fee structure and an active trader discount.
Assets
Interactive Brokers has 105 forex currency pairs, while FxPro offers 70 pairs. Interactive Brokers provides access to 7400 CFDs, while FxPro has 187 available CFDs.
Trading platform
Interactive Brokers provides a premium trading experience with desktop and web platforms. The downside is that it doesn’t offer social trading tools. We recommend it for professional traders, as it has premium tools and platforms.
FxPro has a proprietary web platform, FxPro Edge, and access to cTrader and MetaTrader. It has a demo account, social trading tools, and learning materials. We recommend it for beginner traders, as its platforms are beginner-friendly.
Banking services
Banking services contribute to a convenient online trading experience. Interactive Brokers has one funding solution, bank wires. FxPro offers bank wire, credit/debit cards, PayPal and Skrill.
Final verdict
Interactive Brokers and FxPro are leading online brokers. Both have advantages and disadvantages depending on your needs, skills, and trading experience. Interactive Brokers is a good fit for experienced investors, as it has premium platforms and tools. We recommend FxPro to beginners because of its dedicated learning center.
Interactive Brokers compared to other brokers: