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 FXCM 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. Both FXCM and FxPro share a rating of 4.00 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. FXCM alongside FxPro are regulated in a major hub. FXCM is a publicly traded company, FxPro isn't. As far as how many currency pairs are available for trading, here's the answer. FxPro boasts an offering of 70 different currency pairs compared to FXCM's 39 available pairs.
Next, let's look at the tools and features fx traders desire. With trading platforms, forex traders are all familiar with MetaTrader. FXCM 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. FXCM and FxPro offer the same number of charting tools, 31. FXCM and FxPro offer the same number of indicators (eg, volume), 51.
Overall, FXCM boasts 4.50 stars versus FxPro's 4.00 stars. And, when it comes to individual category awards, FXCM was rated Best in Class - Platforms & Tools, Best in Class - Mobile Trading and Best in Class - Investor Education in 2018, while FxPro was rated none of these.