After spending seven months and hundreds of hours researching 43 different forex brokers
for trading FX, our team at ForexBrokers.com team collected over 6,000 data points. For this review, we will compare Admiral Markets vs FxPro.
To compare these two FX brokers, we will first take a look at the fees charged for trading (no easy task). Not every forex broker publicizes their average spreads, spreads data can vary, as can execution policies and how commissions are charged. Specifically, is the broker a dealing desk (market maker), no dealing desk (agency broker) or are both execution methods offered (dealing desk + STP/ECN)? To simplify this research, we assessed everything for you and provide a single star rating for cost. FxPro is a better option with a 4.00 star rating over Admiral Markets's 3.50 star rating.
Commissions and fees aside, let's take a look at regulation and currency availability. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. Admiral Markets alongside FxPro are regulated in a major hub. Neither are publicly traded companies. As far as how many currency pairs are available for trading, here's the answer. Admiral Markets trails FxPro by 15 total currency pairs (for example, EUR/USD), with FxPro offering 70 and Admiral Markets offering 55.
Next, let's look at the tools and features fx traders desire. With trading platforms, forex traders are all familiar with MetaTrader. Admiral Markets alongside FxPro offer Meta Trader. Regardless of the trading platform you use, charting should be feature rich. To help compare these two brokers, we counted the number of drawing tools and total technical indicators made available. Admiral Markets and FxPro offer the same number of charting tools, 31. Admiral Markets and FxPro offer the same number of indicators (eg, volume), 51.
Overall, both Admiral Markets and FxPro are rated 4.00 stars. And, when it comes to individual category awards, Admiral Markets finished with awards Best in Class - Investor Education in 2018, while FxPro came up with none of these.