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 FOREX.com 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. FOREX.com's score is 4.5 stars versus FxPro's 4 stars.
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. FOREX.com and FxPro both are regulated in a major hub. FOREX.com is a publicly traded company, FxPro isn't. As far as how many currency pairs are available for trading, here's the answer. FxPro trails FOREX.com by 14 total currency pairs (for example, EUR/USD), with FOREX.com offering 84 and FxPro offering 70.
Next, let's look at the tools and features fx traders desire. With trading platforms, forex traders are all familiar with MetaTrader. Both FOREX.com and 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. FxPro offers its clients access to 31 charting tools while FOREX.com has 22 charting tools, a difference of 9. FOREX.com boasts an offering of 139 different indicators (for example, moving averages) compared to FxPro's 51 available indicators.
Overall, both FOREX.com and FxPro are rated 4 stars. And, when it comes to individual category awards, FOREX.com posted awards Best in Class - Research and Best in Class - Mobile Trading in 2018, while FxPro found itself with none of these.