Interactive Brokers vs. FxPro


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. 

Broker NameInteractive BrokersFxPro
Year Founded19782006
RegulationSEC (USA), FCA (UK)DFSA, FSCA, SBC, FCA, and the CySEC
Tradable AssetsStock, ETF, Forex, Fund, Bond, Options, Futures,
CFD, Crypto, Warrants, Structured Products
cryptocurrencies, futures, commodities, 70+ Forex pairs, 150+ equity shares, stock indices
Min Deposit$0$100
Min Trade$1,000 (recommended) can fund $100 each time
PlatformsTraders Workstation (TWS)FxPro Edge, (Proprietary), MetaTrader, cTrader
DepositYou can open account without deposit$100
WithdrawalsFree of charge for the first withdrawal in calendar month$100

Top findings from the Interactive Brokers vs. FxPro review:  

  1. Interactive Brokers is a trustworthy broker with top-tier licenses and premium platforms. 
  1. FxPro is a safe broker with access to the MetaTrader suite and a learning center. 
  1. 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. 

Overall Rating

FeatureInteractive BrokersFxPro
Commissions & Fees4.53.5
Offering of Investments53.5
Platforms & Tools4.54
Mobile Trading44
Trust Score9489
66% of retail CFD accounts lose money77.37% of retail CFD accounts lose money

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. 


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. 


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:

Interactive Brokers Review


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Providers were also required to fill out a multi-point survey regarding every aspect of their platform. In-person demonstrations and evaluations were provided by the majority of the online providers we reviewed.

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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.

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Braden Chase is an investor, trading specialist, and former research specialist for who helps aspiring investors develop the confidence and habits they need to make an income from the market. Braden has served as a registered commodity futures representative for domestic and internationally-regulated brokerages and has also spoken & moderated numerous forex and finance industry panels across the globe.


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