Written by ForexBrokers.com
In this head to head comparison of FxPro vs iFOREX, 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.
When comparing FxPro and iFOREX, both brokers offer unique strengths. Founded in 2006, FxPro operates not only as a brokerage but also as a bank, while iFOREX, established in 1996, is not a bank. Although neither is publicly traded, FxPro holds a strong position in terms of regulatory oversight, with two Tier-1 and one Tier-2 licenses. In contrast, iFOREX holds one Tier-1 license and no Tier-2 licenses. This distinction plays a significant role in assessing their trustworthiness and reflects in their respective Trust Scores.
According to ForexBrokers.com, FxPro earns a Trust Score of 93, placing it in the highly trusted category, while iFOREX scores a 75, indicating an average risk. These scores suggest that traders may find FxPro to be a more reliable choice given its higher regulatory credentials and overall trust ranking. Each broker caters to different needs, but those prioritizing trust may lean towards FxPro due to its strong regulatory standing.
| Feature |
FxPro
|
iFOREX
|
|---|---|---|
| Year Founded | 2006 | 1996 |
| Publicly Traded (Listed) | No | No |
| Bank | Yes | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 1 |
When comparing commissions and fees, FxPro is more transparent and generally more competitive than iFOREX. FxPro earns 4 out of 5 stars and ranks #33 out of 63 brokers for Commissions and Fees, while iFOREX receives 3 out of 5 stars and ranks #62 out of 63. FxPro’s overall pricing is higher than the industry average, but it publishes detailed figures, whereas iFOREX does not provide average spread data, making it harder to gauge its true trading costs.
FxPro offers multiple pricing models across platforms. On cTrader, it uses commission-based pricing with an effective EUR/USD cost of about 1.27 pips (0.37-pip average spread plus a 0.9-pip commission-equivalent). On MT4 and MT5, floating spreads are available: about 1.58 pips on MT4 and 1.51 pips on MT5 with market execution, and about 1.71 pips with instant execution (based on August 2020 data). Fixed spreads are offered on MT4 but not on MT5. Execution options differ: instant execution can lead to requotes without slippage, while market execution avoids requotes but can slip. Also note, cTrader has no minimum distance for stop/limit orders, while MetaTrader requires at least 1 pip—even on FxPro’s Elite account. FxPro’s Elite (Active Trader) program can discount costs by up to 30%, though it still trails the best discount programs in the market.
For iFOREX, the absence of average spread data limits price comparison. Its lower category ranking (3/5 stars; #62/63) suggests it may be less appealing to cost-conscious traders. If transparent, published costs are important to you, FxPro’s detailed pricing—especially on cTrader—can make it easier to estimate what you’ll pay per trade, even though its fees are not the lowest in the industry.
| Feature |
FxPro
|
iFOREX
|
|---|---|---|
| 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 | No |
| ACH or SEPA Transfers | Yes | No |
| 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.
FxPro delivers a wider range of investments with 2,249 tradeable symbols, compared to iFOREX’s 750. Both brokers let you trade forex via contracts for difference (CFDs). iFOREX offers more currency pairs (88 vs. FxPro’s 70), but FxPro stands out by providing access to exchange-traded international shares (not CFDs), while neither broker offers U.S.-listed shares for direct ownership. Both support crypto derivatives but not actual cryptocurrency purchases. Another key difference: FxPro supports copy trading, whereas iFOREX does not.
For Range of Investments, FxPro earns 4 stars and ranks 29th out of 63 brokers, while iFOREX scores 3.5 stars and ranks 42nd. Choose FxPro if you want a larger overall product list, international share dealing, and copy trading; pick iFOREX if you prioritize a bigger selection of forex pairs within a simpler lineup.
| Feature |
FxPro
|
iFOREX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 2249 | 750 |
| Forex Pairs (Total) | 70 | 88 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | Yes | No |
| 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.
Comparing online brokers on trading platforms and tools, FxPro stands out for offering a free demo account for paper trading, while iFOREX does not. Both brokers have proprietary web platforms, but only FxPro adds a Windows desktop download and supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5). iFOREX does not support MT4 or MT5. FxPro includes copy trading; iFOREX does not. Neither broker offers DupliTrade or ZuluTrade. Both let you trade straight from charts in the browser.
For charting, both brokers provide 25 drawing tools and allow trading from charts; the number of indicators isn’t specified for either. Watchlists differ: FxPro offers 6 fields per list, while iFOREX offers 9. Both earn 4 out of 5 stars for Platforms and Tools from ForexBrokers.com, yet FxPro ranks higher at #17 of 63 compared with iFOREX at #55, signaling broader platform choice and flexibility at FxPro.
| Feature |
FxPro
|
iFOREX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | No |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | No |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 53 | 57 |
| Charting - Drawing Tools (Total) | 25 | 25 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 6 | 9 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
FxPro and iFOREX both offer mobile trading apps for iPhone and Android, but their features differ a lot. FxPro includes price alerts, synced watchlists between mobile and web, 65 technical studies for charting, the ability to draw trendlines, switch among multiple time frames, and auto-save chart drawings. You can also build watchlists with real-time quotes. By contrast, iFOREX lacks price alerts, watchlist syncing, trendline drawing, multiple time frames, auto-saving of drawings, and real-time quote watchlists, and it does not list comparable technical studies in its app.
For quality ratings, FxPro’s mobile app scores 4.5 out of 5 stars and ranks #15 out of 63 brokers for Mobile Trading Apps on ForexBrokers.com, while iFOREX earns 4 stars and ranks #56. If you want advanced charting, alerts, and seamless syncing, FxPro is the stronger pick; if you only need basic trading access on iOS and Android, iFOREX can still get the job done.
| Feature |
FxPro
|
iFOREX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | No |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 65 | N/A |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Multiple Time Frames | Yes | No |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | No |
Dive deeper: Best Forex Trading Apps.
Comparing FxPro vs iFOREX for market research: both brokers publish daily market commentary, provide an economic calendar, and include a sentiment tool that shows long/short positioning. Each also offers Trading Central for technical analysis. Neither includes Autochartist. A key difference is news: FxPro streams forex news from top-tier sources like Bloomberg, Reuters, or Dow Jones, while iFOREX does not. FxPro does not feature TipRanks or Acuity Trading tools, and iFOREX does not list support for those providers.
Independent ratings highlight this gap. For Research, ForexBrokers.com rates FxPro 4 out of 5 stars and ranks it 26th of 63 brokers, while iFOREX earns 3.5 out of 5 stars and ranks 49th. If premium integrated news matters, FxPro has the edge; if you mainly want daily commentary, an economic calendar, Trading Central insights, and a simple sentiment readout, both platforms cover those needs.
| Feature |
FxPro
|
iFOREX
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | |
| Signal Centre (Acuity Trading) | No | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
FxPro stands out as a valuable resource for beginners venturing into forex and CFDs trading. The platform presents over ten educational pieces, including articles and videos primarily focusing on forex and CFDs. Beginners benefit from a comprehensive library of educational videos tailored to their needs, making it easier to grasp fundamental trading concepts. Additionally, FxPro maintains a searchable archive of previously recorded client webinars, allowing traders to revisit topics at their convenience. An added advantage is their extensive investor dictionary, which demystifies over 50 investing terms, a helpful tool for anyone new to the trading scene.
In contrast, iFOREX offers a more limited range of educational materials, providing less than ten educational pieces about forex and CFDs. However, the platform does offer over ten beginner educational videos, aiding newcomers in understanding the basics of trading. Despite these resources, iFOREX lacks a searchable webinar archive and an investor dictionary, which might make it slightly challenging for some beginners to build a comprehensive understanding. While both brokers offer similar beginner videos, FxPro's broader educational content and tools overall rank it higher by ForexBrokers.com, earning it a 4-star rating compared to iFOREX's 3.5 stars.
| Feature |
FxPro
|
iFOREX
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | No |
| Investor Dictionary (Glossary) | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that FxPro is better than iFOREX. FxPro finished with an overall rank of #21, while iFOREX finished with an overall rank of #52.
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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iFOREX
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| Trust Score | 93 | 75 |
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Both FxPro and iFOREX do not provide the option to buy actual delivered cryptocurrency, but they do offer the ability to purchase cryptocurrency derivatives instead.
When comparing the deposit and withdrawal options between online brokers FxPro and iFOREX, FxPro stands out with its flexibility by offering ACH and SEPA transfers, along with PayPal, Skrill, Visa, Mastercard, and bank wire options, whereas iFOREX provides a range of options including PayPal, Skrill, Visa, Mastercard, and bank wires, but lacks ACH and SEPA transfer 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 | iFOREX | |
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| Trust Score | 93 | 75 | |
| Winner | check_circle | ||
| Review | FxPro Review |
| Broker Screenshots | FxPro | iFOREX | |
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| Regulation | FxPro | iFOREX | |
|---|---|---|---|
| Trust Score | 93 | 75 | |
| Year Founded | 2006 | 1996 | |
| Publicly Traded (Listed) | No | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 1 |
| Tier-1 Licenses (Highly Trusted) | FxPro | iFOREX | |
|---|---|---|---|
| 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) | |||
| 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 | iFOREX | |
|---|---|---|---|
| Kenya (CMA Authorised) | 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) |
| Investments | FxPro | iFOREX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 2249 | 750 | |
| Forex Pairs (Total) | 70 | 88 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | Yes | No | |
| 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 | FxPro | iFOREX | |
|---|---|---|---|
| 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 | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | FxPro | iFOREX | |
|---|---|---|---|
| Minimum Deposit | $100 | $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 | No |
| Trading Platforms | FxPro | iFOREX | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | No | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | Yes | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | FxPro | iFOREX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | No | |
| Alerts - Basic Fields | Yes | No | |
| Watchlists - Total Fields | 6 | 9 | |
| Charting - Indicators / Studies (Total) | 53 | 57 | |
| Charting - Drawing Tools (Total) | 25 | 25 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | No |
| Mobile Trading | FxPro | iFOREX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | No | |
| Mobile Watchlist | Yes | No | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 65 | N/A | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Multiple Time Frames | Yes | No | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | No |
| Research | FxPro | iFOREX | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | ||
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | FxPro | iFOREX | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | FxPro | iFOREX | |
|---|---|---|---|
| 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 | iFOREX | |
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| Trust Score | 93 | 75 | |
| Winner | check_circle | ||
| Review | FxPro Review |
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