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FXCM vs FxPro 2021

Is FXCM better than FxPro? In our analysis of 23 international regulators across 50 brokers, FXCM is considered low-risk, with an overall Trust Score of 93 out of 99. FxPro is considered low-risk, with an overall Trust Score of 89 out of 99. Learn more about Trust Score.


CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Overall Rating

Feature FXCM FxPro
Overall 4 4
Commissions & Fees 3.5 3.5
Offering of Investments 4 3.5
Platforms & Tools 4.5 4
Mobile Trading 4 4
Research 4 3.5
Education 4 4
Trust Score 93 89
FXCM Review FxPro Review
Between 70% of retail CFD accounts lose money 75.78% of retail CFD accounts lose money

Regulation

Feature FXCM FxPro
Trust Score 93 89
Year Founded
1999 2006
Publicly Traded (Listed)
Yes No
Bank
No No
Tier-1 Licenses
3 1
Tier-2 Licenses
3 2
Tier-3 Licenses
0 1
Authorised in the European Union
Yes Yes

Tier-1 Licenses (High Trust)

Feature FXCM FxPro
ASIC Authorised (Australia)
Yes No
IIROC Authorised (Canada)
Yes No
SFC Authorised (Hong Kong)
No No
FSA Authorised (Japan)
No No
MAS Authorised (Singapore)
No No
FINMA Authorised (Switzerland)
No No
FCA Authorised (UK)
Yes Yes
CFTC Registered (USA)
No No

Tier-2 Licenses (Average Trust)

Feature FXCM FxPro
CBRC Authorised (China)
No No
CySEC Authorised (Cyprus)
Yes Yes
CBI Authorised (Ireland)
No No
ISA Authorised (Israel)
Yes No
FMA Authorised (New Zealand)
No No
CBR Authorised (Russia)
No No
FSCA Authorised (South Africa)
Yes Yes
SEC Authorised (Thailand)
No No

Tier-3 Licenses (Low Trust)

Feature FXCM FxPro
SCB Authorised (Bahamas) No Yes
IFSC Authorised (Belize) No No
BMA Authorised (Bermuda) No No
FSC Authorised (British Virgin Islands)
No No
FSC Authorised (Mauritius)
No No

Investments

Feature FXCM FxPro
Forex Trading
Yes Yes
CFD Trading
Yes Yes
Tradeable Symbols (Total)
276 411
Forex Pairs (Total)
42 70
US Stock Trading (Non CFD)
Yes No
Int'l Stock Trading (Non CFD)
Yes No
Cryptocurrency (Physical)
No No
Cryptocurrency (CFD)
Yes Yes
Social Trading / Copy-Trading
Yes Yes

Cost

Feature FXCM FxPro
Average Spread EUR/USD - Standard
1.4 (Q2 2020) 1.51 (August 2020)
All-in Cost EUR/USD - Active
1.1 (Q2 2020) 1.27 (August 2020)
Active Trader or VIP Discounts
Yes Yes
Execution: Agency Broker
Yes Yes
Execution: Market Maker
Yes Yes

Funding

Feature FXCM FxPro
Minimum Deposit
Starts from $50 $100.00
Bank Wire (Deposit/Withdraw)
Yes Yes
Visa/Mastercard (Credit/Debit)
Yes Yes
PayPal (Deposit/Withdraw)
No Yes
Skrill (Deposit/Withdraw)
Yes Yes

Trading Platforms

Feature FXCM FxPro
Proprietary Platform
Yes Yes
Desktop Platform (Windows)
Yes Yes
Web Platform
Yes Yes
Social Trading / Copy-Trading
Yes Yes
MetaTrader 4 (MT4)
Yes Yes
MetaTrader 5 (MT5)
No Yes
cTrader
No Yes
DupliTrade
No No
ZuluTrade
Yes No

Trading Tools

Feature FXCM FxPro
Virtual Trading (Demo)
Yes Yes
Alerts - Basic Fields
Yes Yes
Watchlists - Total Fields
12 19
Charting - Indicators / Studies (Total)
57 72
Charting - Drawing Tools (Total)
26 22
Charting - Trade From Chart
Yes Yes
Charting - Drawings Autosave
Yes Yes
Order Type - Trailing Stop
Yes Yes

Mobile Trading

Feature FXCM FxPro
Android App
Yes Yes
Apple iOS App
Yes Yes
Alerts - Basic Fields
Yes Yes
Watch List
Yes Yes
Watch List Syncing
Yes Yes
Charting - Indicators / Studies
59 65
Charting - Draw Trendlines
Yes Yes
Charting - Trendlines Moveable
Yes Yes
Charting - Multiple Time Frames
Yes Yes
Charting - Drawings Autosave
Yes No
Forex Calendar
Yes Yes

Research

Feature FXCM FxPro
Daily Market Commentary
Yes Yes
Forex News (Top-Tier Sources)
Yes Yes
Weekly Webinars
Yes No
Autochartist
Yes No
Trading Central (Recognia)
Yes Yes
Delkos Research
No No
Social Sentiment - Currency Pairs
Yes Yes
Economic Calendar
Yes Yes

Education

Feature FXCM FxPro
Has Education - Forex or CFDs
Yes Yes
Client Webinars
Yes No
Client Webinars (Archived)
Yes Yes
Videos - Beginner Trading Videos
Yes Yes
Videos - Advanced Trading Videos
Yes No
Investor Dictionary (Glossary)
Yes Yes

Major Forex Pairs

Feature FXCM FxPro
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

Overall

Feature FXCM FxPro
Overall 4 4
Commissions & Fees 3.5 3.5
Offering of Investments 4 3.5
Platforms & Tools 4.5 4
Mobile Trading 4 4
Research 4 3.5
Education 4 4
Trust Score 93 89
FXCM Review FxPro Review

Comparing forex brokers side by side is no easy task. For our 2021 annual forex broker review, we spent hundreds of hours assessing 27 forex and CFD brokerages to find the best forex broker. Let's compare FXCM vs FxPro.

Does FXCM or FxPro offer lower pricing?
Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, FXCM offers better pricing overall for traders.

Is FXCM or FxPro safer for forex and CFDs trading?
At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 20 international regulator databases. Here's our findings. FXCM holds 3 global Tier-1 licenses, while FxPro holds 1. FXCM holds 3 global Tier-2 licenses, while FxPro holds 2. In our analysis of 23 international regulators across 50 brokers, FXCM earned a higher Trust Score than FxPro.

Which trading platform is better: FXCM or FxPro?
To compare the trading platforms of both FXCM and FxPro, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, FXCM offers a better experience. With research, FXCM offers superior market research. Finally, we found FXCM to provide better mobile trading apps.

What about MetaTrader and copy trading?
For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. FXCM and FxPro both offer copy trading. Both FXCM and FxPro offer MetaTrader 4 (MT4).

How many forex pairs and CFDs are available to trade?
FxPro provides traders 70 currency pairs (e.g., EUR/USD) compared to FXCM's 42 available pairs. Forex pairs aside, FxPro offers traders access to 411 CFDs while FXCM has 276 available CFDs, a difference of 135.

Can I trust FXCM?
FXCM's parent company is publicly-traded, does not operate a bank, and is authorised by three tier-1 regulators (high trust), three tier-2 regulators (average trust), and zero tier-3 regulators (low trust). FXCM is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC), Financial Conduct Authority (FCA), and via Friedberg Direct, with the Investment Industry Regulatory Organization of Canada (IIROC).

Can I trust FxPro?
FxPro is not publicly traded and does not operate a bank. FxPro is authorised by one tier-1 regulator (high trust), two tier-2 regulators (average trust), and one tier-3 regulator (low trust). FxPro is authorised by the following tier-1 regulators: Financial Conduct Authority (FCA).

Is FXCM good?
While the range of tradeable markets is narrow and pricing is just average, traders that appreciate robust trading tools alongside quality market research will find FXCM to be a winner.

Is FxPro good?
FxPro competes among the top MetaTrader brokers, offering the full suite of MT4 and MT5 platforms with multiple accounts and execution methods. The primary drawback to an otherwise balanced offering is pricing that is higher than the industry average.

Overall winner: FXCM

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Trading CFDs, FX, and cryptocurrencies involve a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published website as of 12/14/2020 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.

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