FXCM vs FxPro Review
Is FXCM better than FxPro? After scoring forex brokers on nearly 100 different variables, FXCM is better than FxPro. While its range of tradeable markets is narrow, FXCM caters well to high-volume traders, algorithmic traders, and traders that appreciate robust charting tools and quality market research.
To assess both of these forex brokers, we will begin with cost. Comparing two fx brokers on cost is not easy. First, not every broker publicizes their average spreads. And, for the brokers that do publish their data, the formulas used to calculate average spreads can vary. Furthermore, the currency pair you are trading can impact cost, as well as the execution policies of the broker. Dealing desk or no dealing desk? The list goes on and on. To make comparing cost easy, we have a star rating that takes everything into account. FxPro is a better option with a 4.00 star rating over FXCM's 3.50 star rating.
Next to commissions and fees, regulation and currency availability are important to take into consideration. You want to trust and have confidence the forex broker you choose. FXCM alongside FxPro are regulated in a major hub. FXCM is a publicly traded company while FxPro is not. And, when it comes to total currency pairs available to trade, a quick comparison is helpful. FXCM trails FxPro by 31 total currency pairs (for example, EUR/USD), with FxPro offering 70 and FXCM offering 39.
To round out our comparison of FXCM vs FxPro, let's look at the tools and features most used by forex traders. For trading platforms, traders are all familiar with MetaTrader. FXCM and FxPro both offer Meta Trader. With a platform picked out, looking at charts is a must so they should be of high-quality. As part of our research, we count the number of drawing tools and total technical indicators available. Both brokers offer clients access to the same number of charting tools, 31. Both brokers offer clients access to the same number of indicators (eg, moving averages), 51.
Trading CFDs, FX, and cryptocurrencies involves 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 web site as of 02/18/2019 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.