Written by ForexBrokers.com
In this head to head comparison of FXCM vs FxPro, 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.
FXCM and FxPro are prominent names in the online brokerage industry, each with its own strengths. Established in 1999, FXCM operates as a publicly traded company and holds 4 Tier-1 licenses, which are seen as highly trusted. This contributes to its impressive Trust Score of 95 according to ForexBrokers.com. Although FXCM isn't a bank, it is recognized within the industry as highly reliable due to its regulatory status and long-standing history.
On the other hand, FxPro launched in 2006 and, unlike FXCM, functions as a bank. Although it is not publicly traded, FxPro maintains a strong foothold with 2 Tier-1 licenses, earning a respectable Trust Score of 93. While its number of licenses are fewer than FXCM, FxPro's overall trust and reliability are substantial. Both brokers stand out in the competitive landscape thanks to their exceptional regulatory compliance and reputation for trustworthiness.
| Feature |
FXCM
|
FxPro
|
|---|---|---|
| Year Founded | 1999 | 2006 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | Yes |
| Tier-1 Licenses | 4 | 2 |
| Tier-2 Licenses | 2 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 2 |
When comparing the commission and fee structures of FXCM and FxPro, both brokers offer distinct pricing models that cater to different trading strategies. FXCM is known for slightly higher-than-average forex trading costs, with average spreads on the EUR/USD ranging from 0.78 pips to 1.38 pips, depending on the region. However, for those using their commission-based accounts, the average spread can drop to 0.28 pips, although commissions push the effective spread to about 0.74 pips. FXCM also provides an Active Trader Rebate Program offering five tiers of rebates based on trading volume, with reductions ranging from $5 to $25 per million traded. With a solid four-star rating for its commissions and fees, FXCM secures the 24th spot out of 63 brokers according to ForexBrokers.com.
FxPro, on the other hand, tends to have higher pricing than the industry average, which can be disadvantageous when compared to peers such as Pepperstone and IC Markets. FxPro offers both variable and fixed spread options on MT4, with spreads for EUR/USD ranging around 1.58 to 1.71 pips. Their cTrader platform offers more competitive spreads, with an effective spread of about 1.27 pips for the major currency pair when accounting for commissions. The Active Trader program on their Elite account offers discounts up to 30%, which, while generous, still falls short of some top competitors. FxPro is rated four stars for commission and fees but ranks at 32nd position, making it slightly less competitive in this domain as evaluated by ForexBrokers.com.
| Feature |
FXCM
|
FxPro
|
|---|---|---|
| Minimum Deposit | Starts from $50 | $100 |
| Average Spread EUR/USD - Standard | 0.78 | 1.51 |
| All-in Cost EUR/USD - Active | 0.78 | 1.27 |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | Yes |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
FXCM and FxPro both provide opportunities for forex trading through CFDs or spot contracts. When it comes to the variety of tradeable symbols, FXCM offers 440, while FxPro far surpasses this with 2,249. In terms of forex pairs, FxPro offers a wider selection with 70 pairs compared to FXCM's 43 pairs. However, neither broker allows the purchase of exchange-traded securities on U.S. markets. While FXCM does not support international securities, FxPro permits purchases on international exchanges, such as shares of Vodafone on the London Stock Exchange. Both brokers facilitate copy trading and offer cryptocurrency derivatives, though neither provides options for buying actual cryptocurrency.
In terms of the range of investments, FxPro holds an advantage with a 4-star rating compared to FXCM's 3.5 stars. This is reflected in their rankings by ForexBrokers.com, where FxPro lands at #28 among 63 brokers, while FXCM is placed further down at #47. These factors suggest that FxPro may be more suitable for those seeking a wider range of investment options, particularly in terms of international securities and overall tradeable symbols. Both platforms, however, cater to those interested in forex and cryptocurrency derivatives.
| Feature |
FXCM
|
FxPro
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 440 | 2249 |
| Forex Pairs (Total) | 43 | 70 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | Yes |
| 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). | 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.
When comparing the trading platforms and tools of FXCM and FxPro, both brokers offer a comprehensive experience with a range of features. FXCM shines with a perfect five-star rating for its trading platforms and tools, ranking 6th out of 63 brokers according to ForexBrokers.com. It offers a proprietary platform and supports popular platforms like MetaTrader 4 (MT4) and ZuluTrade, but lacks MetaTrader 5 (MT5) and DupliTrade support. FXCM users can enjoy trading directly from stock charts and take advantage of 13 customizable watch list columns, aided by 10 drawing tools for charting enhancements. They also provide a free virtual demo account to practice trading risk-free.
Meanwhile, FxPro, rated four stars in the same category, also provides a proprietary platform and supports MT4, MT5, but lacks integration with ZuluTrade and DupliTrade. FxPro surpasses FXCM with 25 drawing tools available for charting, giving traders more precision in analysis. Additionally, FxPro offers a user-friendly watch list with six customizable columns and the ability to trade directly from stock charts. FxPro has a slightly lower trading platform and tools ranking at 17th, with ForexBrokers.com noting its comparative accessibility and flexibility through both a Windows-based application and web-based trading platforms. Like FXCM, it offers a simulated trading account, allowing traders to hone their skills without financial risk.
| Feature |
FXCM
|
FxPro
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| 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 |
| DupliTrade | No | No |
| ZuluTrade | Yes | No |
| Charting - Indicators / Studies (Total) | 115 | 53 |
| Charting - Drawing Tools (Total) | 10 | 25 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 13 | 6 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both FXCM and FxPro provide impressive mobile trading apps compatible with iPhone and Android devices, ensuring traders have access to comprehensive trading on the go. These apps allow users to stay informed with stock or forex price alerts and provide real-time quote watchlists that sync across devices. This syncing capability ensures any changes in your mobile app or online account are updated seamlessly, enhancing the user experience. Furthermore, both platforms offer the ability to draw trendlines and view different time frames on charts, with the advantage of auto-saving drawings, making technical analysis both intuitive and reliable.
When it comes to charting capabilities, FxPro edges slightly ahead by offering 65 technical studies compared to FXCM's 59, providing a broader range of tools for in-depth analysis. However, both apps shine with a shared user rating of 4.5 stars out of 5 for mobile trading, according to ForexBrokers.com. Although closely ranked, FxPro holds a slightly higher position at #15, whereas FXCM sits at #16 among 63 brokers in the mobile trading apps category. Overall, both FXCM and FxPro deliver powerful mobile trading solutions that cater well to traders' needs.
| Feature |
FXCM
|
FxPro
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 59 | 65 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing FXCM and FxPro for market research, both brokers provide daily market commentary and forex news from well-regarded sources like Bloomberg and Reuters. They each offer technical analysis tools from Trading Central, as well as sentiment-based trading tools that display long or short position ratios. Both companies also provide economic calendars that highlight upcoming global news events, ensuring traders stay informed of current market dynamics.
However, there are distinctions between the two. FXCM offers market research from TipRanks, which FxPro does not. Additionally, neither broker provides tools from Autochartist or Acuity Trading. In terms of overall research ratings, FXCM scores higher at 4.5 stars compared to FxPro's 4 stars. This is underscored by their rankings from ForexBrokers.com, where FXCM is positioned 11th out of 63 brokers, while FxPro sits at 26th. These insights highlight FXCM's slightly superior offerings in market research capabilities.
| Feature |
FXCM
|
FxPro
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | Yes | 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, both FXCM and FxPro provide a wealth of materials to help new traders get started. FXCM offers a comprehensive selection of over ten educational pieces, which include articles, videos, and archived webinars focused on forex and CFDs. FXCM also conducts monthly online webinars, which are stored in a searchable archive for future reference. Beginners can find more than ten videos tailored specifically for them, along with advanced educational content. Additionally, FXCM features an investor dictionary with definitions of over 50 investing terms, making it a valuable resource for both novice and experienced investors.
On the other hand, FxPro also provides a substantial collection of educational content, meeting the minimum of ten informative pieces in various formats. However, they do not offer monthly live webinars. FxPro’s educational material includes over ten beginner-focused videos but lacks the same depth in advanced topics as FXCM. Like FXCM, FxPro provides an investor dictionary with more than 50 terms. While both brokers are rated positively for their educational offerings, FXCM scores slightly higher with 4.5 stars compared to FxPro's 4 stars and is ranked 14th out of 63 brokers by ForexBrokers.com for education, with FxPro trailing at 18th. In summary, for beginners seeking a platform rich in educational resources, FXCM stands out with its extensive offerings and interactive learning opportunities.
| Feature |
FXCM
|
FxPro
|
|---|---|---|
| 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 |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that FXCM is better than FxPro. FXCM finished with an overall rank of #15, while FxPro finished with an overall rank of #21.
For traders who appreciate advanced trading tools and quality market research, FXCM is a winner, especially for algorithmic trading. Its range of tradeable markets is fairly narrow, however, and the pricing at FXCM is just average.
| Feature |
FXCM
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FxPro
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|---|---|---|
| Overall Rating |
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| Trust Score | 95 | 93 |
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Both FXCM and FxPro do not offer the option to purchase actual (delivered) cryptocurrencies, but they do provide the ability to trade cryptocurrency derivatives.
Both FXCM and FxPro offer a wide range of deposit and withdrawal options, including ACH or SEPA transfers, PayPal, Skrill, Visa or Mastercard, and bank wires, providing flexibility and convenience for their users.
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 | FXCM | FxPro | |
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| Trust Score | 95 | 93 | |
| Winner | check_circle | ||
| Review | FXCM Review | FxPro Review |
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| Regulation | FXCM | FxPro | |
|---|---|---|---|
| Trust Score | 95 | 93 | |
| Year Founded | 1999 | 2006 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | Yes | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 4 | 2 | |
| Tier-2 Licenses | 2 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 2 |
| Tier-1 Licenses (Highly Trusted) | FXCM | FxPro | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | Yes | 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) | FXCM | FxPro | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | Yes | No | |
| South Africa (FSCA Authorised) | Yes | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | FXCM | FxPro | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 440 | 2249 | |
| Forex Pairs (Total) | 43 | 70 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | Yes | |
| 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). | 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 | FXCM | FxPro | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.78 | 1.51 | |
| All-in Cost EUR/USD - Active | 0.78 | 1.27 | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | Yes | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | FXCM | FxPro | |
|---|---|---|---|
| Minimum Deposit | Starts from $50 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | Yes |
| Trading Platforms | 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 | FXCM | FxPro | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 13 | 6 | |
| Charting - Indicators / Studies (Total) | 115 | 53 | |
| Charting - Drawing Tools (Total) | 10 | 25 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FXCM | FxPro | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 59 | 65 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | FXCM | FxPro | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | Yes | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | FXCM | FxPro | |
|---|---|---|---|
| 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 | 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 | |
| Review | FXCM Review | FxPro Review |
| Overall | FXCM | FxPro | |
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| Trust Score | 95 | 93 | |
| Winner | check_circle | ||
| Review | FXCM Review | FxPro Review |
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