Written by ForexBrokers.com
In this head to head comparison of FxPro vs FXOpen, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
FxPro and FXOpen are two notable players in the online brokerage arena. Founded in 2006, FxPro distinguishes itself as a bank, offering traders an added layer of security, whereas FXOpen, established in 2003, is not a banking institution. Neither broker is publicly traded on a stock exchange. When it comes to regulatory credentials, both FxPro and FXOpen hold two Tier-1 licenses, reflecting a highly trusted status. However, FxPro further bolsters its trustworthiness with an additional Tier-2 license, which is indicative of a general trusted status.
Regarding their trust scores from ForexBrokers.com, FxPro enjoys a high score of 93 out of 99, categorizing it as a highly trusted broker. In contrast, FXOpen has a score of 76, suggesting an average risk for traders. These scores highlight FxPro’s stronger reputation in the industry, attributed to its banking status and broader regulatory framework. As a trader looking for reliability, these insights could guide a more informed decision between these two brokers.
| Feature |
FxPro
|
FXOpen
|
|---|---|---|
| Year Founded | 2006 | 2003 |
| Publicly Traded (Listed) | No | No |
| Bank | Yes | No |
| Tier-1 Licenses | 2 | 2 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 0 |
FxPro and FXOpen offer competitive trading environments, but their commissions and fees provide distinct advantages for different types of traders. FxPro’s fees are slightly above the industry average, which could present a disadvantage when compared to brokers like Pepperstone and IC Markets. This broker offers variable and fixed spreads on its MetaTrader 4 (MT4) platform. Traders can take advantage of variable-spread pricing through either instant or market execution. On the cTrader platform, FxPro provides more competitive spreads, with the EUR/USD pair featuring an effective spread of 1.27 pips. This accounts for an average spread of 0.37 pips plus a commission-equivalent of 0.9 pips. While FxPro's pricing is substantial for active traders with discounts up to 30% on its Elite account, it still lags behind top contenders such as FOREX.com and IG.
FXOpen, in comparison, does not provide specific average spread data, making a direct fee comparison challenging. However, similar to FxPro, FXOpen receives a 4-star rating in the area of commissions and fees. While FxPro ranks #32 out of 62 brokers, FXOpen trails at #45 according to ForexBrokers.com in terms of commissions and fees. Despite the differences in ranking, both brokers earn commendable ratings from users, indicating a balanced offering in the competitive landscape of online trading platforms.
| Feature |
FxPro
|
FXOpen
|
|---|---|---|
| Minimum Deposit | $100 | $100 |
| Average Spread EUR/USD - Standard | 1.51 | N/A |
| All-in Cost EUR/USD - Active | 1.27 | N/A |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
FxPro and FXOpen both provide opportunities for forex trading through CFDs and spot contracts, positioning themselves as competitive options for traders interested in foreign exchange markets. When considering the sheer number of tradeable symbols, FxPro stands out significantly, offering an impressive 2,249 symbols compared to FXOpen's 87. In terms of forex pairs, FxPro again takes the lead with 70 pairs available, whereas FXOpen offers 25. However, neither broker allows customers to buy exchange-traded securities on U.S. exchanges directly, but FxPro offers the option to trade securities on international exchanges, such as Vodafone, while FXOpen does not. Both brokers support copy trading, offering clients a pathway to mirror successful trading strategies.
Cryptocurrency enthusiasts considering either broker will find they offer crypto derivatives instead of actual currencies. For those prioritizing the range of investment options, FxPro earns a higher rating with 4 stars, placing it at the 28th position in ForexBrokers.com's rankings out of 62 brokers. Meanwhile, FXOpen is rated 3 stars, positioned at 61st. These distinctions underscore FxPro's broader range of investment offerings compared to FXOpen, potentially making it a more attractive choice for those wishing to explore diverse financial instruments.
| Feature |
FxPro
|
FXOpen
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 2249 | 87 |
| Forex Pairs (Total) | 70 | 25 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
FxPro and FXOpen both provide a comprehensive range of trading platforms and tools designed for both beginners and seasoned traders. Both brokers offer demo accounts that allow users to practice trading with virtual funds, and they support popular platforms such as MetaTrader 4 and MetaTrader 5. FxPro stands out with its proprietary platform, developed in-house, providing users with unique features, whereas FXOpen does not offer a proprietary platform. However, FXOpen provides access to ZuluTrade for an enhanced social trading experience, a feature that FxPro lacks. Both offer Windows-based desktop download and web-based platforms, facilitating flexible trading experiences across different devices.
While both brokers earn a solid four-star rating for their trading platforms and tools, there are notable differences. FxPro offers a larger array of drawing tools, with 25 options, compared to FXOpen's 15, providing traders with more ways to analyze charts. FXOpen, meanwhile, allows slightly more customization in its watch lists with seven fields, one more than FxPro. Despite these similarities and differences, FxPro holds a higher ranking among 62 brokers with ForexBrokers.com, securing the 17th spot compared to FXOpen's ranking at 53. This suggests a slightly stronger market position for FxPro in the realm of trading platforms and tools.
| Feature |
FxPro
|
FXOpen
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | Yes |
| Charting - Indicators / Studies (Total) | 53 | 30 |
| Charting - Drawing Tools (Total) | 25 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 6 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
FxPro and FXOpen both offer mobile trading apps compatible with iPhone and Android, catering to traders on the go. With both providing stock and forex price alerts, users can stay informed of market changes anytime. While these apps allow drawing trendlines and viewing multiple time frames on charts, FxPro stands out by offering a more extensive selection of 65 technical studies compared to FXOpen's 30. Furthermore, FxPro supports seamless watchlist symbol syncing with online accounts, a feature absent in FXOpen's app. Additionally, FxPro's app ensures auto-saving of chart drawings, adding convenience for traders who frequently tweak their analysis.
When it comes to real-time quote watchlists, both apps deliver on performance. However, FxPro's mobile trading app has achieved a higher user rating of 4.5 stars, compared to FXOpen's 4-star rating. This is mirrored in their rankings by ForexBrokers.com, where FxPro is placed at #15 out of 62 brokers, significantly ahead of FXOpen, which is ranked at #54. These distinctions highlight FxPro's stronger feature set and user satisfaction in mobile trading experience.
| Feature |
FxPro
|
FXOpen
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 65 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When it comes to market research offerings, FxPro and FXOpen both provide daily market commentary and forex news from reputable sources like Bloomberg and Reuters, catering to traders looking for reliable information. However, FxPro distinguishes itself with advanced tools such as Trading Central’s technical analytics and a sentiment-based trading tool, which offers insights on the ratio of long and short positions across different instruments. On the other hand, FXOpen does not provide these tools, potentially limiting the depth of analysis available to its users.
Both brokers offer economic calendars to keep traders informed of key global events. Despite these similarities, FxPro has a higher research rating, earning four out of five stars compared to FXOpen's three. According to ForexBrokers.com, FxPro ranks 26th out of 62 brokers for research, significantly outperforming FXOpen, which ranks at the bottom of the list at 62nd. This suggests that FxPro may offer a richer research experience overall, positioning it as a more resourceful choice for traders who prioritize comprehensive market analysis.
| Feature |
FxPro
|
FXOpen
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, FxPro stands out compared to FXOpen. FxPro provides more than the minimum requirement of ten educational pieces focused on forex and CFDs, including a wide range of articles, videos, and archived webinars. Additionally, FxPro offers a comprehensive archive of previously recorded webinars that can be a valuable learning tool for traders who prefer to learn at their own pace. Beginner traders will appreciate FxPro's selection of ten instructional videos dedicated specifically to introducing core trading concepts. Furthermore, an investor dictionary with over 50 terms ensures users have a strong foundation to understand basic trading terminology.
On the other hand, FXOpen falls short in educational offerings for beginners. While FXOpen does not meet the minimum ten educational pieces focusing on forex and CFDs, they do provide an investor dictionary aimed at helping newbies get a grip on essential investing terms. However, they do not offer a searchable archive of past webinars or educational videos tailored for beginner or advanced traders. As such, FxPro's educational offerings merit a solid four-star rating for their educational resources, while FXOpen lags behind with a three-star rating. According to ForexBrokers.com, FxPro is rated #18 out of 62 brokers for education, significantly ahead of FXOpen, which sits at #58. These rankings clearly highlight FxPro's commitment to nurturing beginner traders through ample educational content.
| Feature |
FxPro
|
FXOpen
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | No | No |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that FxPro is better than FXOpen. FxPro finished with an overall rank of #21, while FXOpen finished with an overall rank of #54.
FxPro competes among the top MetaTrader brokers, featuring multiple account options and various execution methods. It provides its own proprietary FxPro Edge app – though it isn’t yet available for mobile – alongside access to the BnkPro app (which isn’t yet available in all regions).
| Feature |
FxPro
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FXOpen
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|---|---|---|
| Overall Rating |
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| Trust Score | 93 | 76 |
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Both FxPro and FXOpen do not offer the option to buy actual delivered cryptocurrency, but they do provide the ability to trade cryptocurrency derivatives.
FxPro offers more payment options than FXOpen, including ACH, SEPA, and PayPal, alongside shared options such as Skrill, Visa, Mastercard, and bank wire transfers, whereas FXOpen provides Skrill, Visa, Mastercard, and bank wire transfers without ACH, SEPA, or PayPal capabilities.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | FxPro | FXOpen | |
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| Trust Score | 93 | 76 | |
| Winner | check_circle | ||
| Review | FxPro Review |
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| Regulation | FxPro | FXOpen | |
|---|---|---|---|
| Trust Score | 93 | 76 | |
| Year Founded | 2006 | 2003 | |
| Publicly Traded (Listed) | No | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 2 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 0 |
| Tier-1 Licenses (Highly Trusted) | FxPro | FXOpen | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | FxPro | FXOpen | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | FxPro | FXOpen | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 2249 | 87 | |
| Forex Pairs (Total) | 70 | 25 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | FxPro | FXOpen | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.51 | N/A | |
| All-in Cost EUR/USD - Active | 1.27 | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | Yes | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | FxPro | FXOpen | |
|---|---|---|---|
| Minimum Deposit | $100 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | FxPro | FXOpen | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | Yes | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | Yes |
| Trading Tools | FxPro | FXOpen | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 7 | |
| Charting - Indicators / Studies (Total) | 53 | 30 | |
| Charting - Drawing Tools (Total) | 25 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FxPro | FXOpen | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 65 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | FxPro | FXOpen | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | FxPro | FXOpen | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | FxPro | FXOpen | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | FxPro Review |
| Overall | FxPro | FXOpen | |
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| Trust Score | 93 | 76 | |
| Winner | check_circle | ||
| Review | FxPro Review |
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