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 |
FxPro and iFOREX are two notable online brokers, each with their distinct pricing structures for commissions and fees. FxPro stands out for offering both variable and fixed spreads on its MT4 platform, with different execution methods like instant and market executions. While instant execution avoids slippage, it can result in requotes, unlike market execution, which has slippage but no requotes. Moreover, FxPro's cTrader platform presents a competitive spread primarily because it uses a commission-based model. Traders can expect an effective spread of about 1.27 pips for the EUR/USD pair, factoring in both the average spread and commission equivalents. Despite having a generally higher pricing model compared to industry leaders like Pepperstone and IC Markets, FxPro still supports active traders with its Elite account, offering discounts up to 30%. For its commission and fee structure, FxPro holds a four-star rating and ranks #32 out of 62 brokers according to ForexBrokers.com.
Conversely, iFOREX does not provide average spread data, which might limit transparency for prospective traders seeking detailed fee insights. Despite this, it maintains relevance among certain segments of traders. However, in the sphere of commissions and fees, iFOREX receives a three-star rating from users. Its overall position in comparison with other brokers is less favorable, coming in at #60 in the same category, according to ForexBrokers.com.
| 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.
When looking at the range of investments offered by FxPro and iFOREX, there are several key differences to consider. Both brokers provide opportunities to trade forex as either CFDs or spot contracts, with iFOREX offering 88 tradeable forex pairs compared to FxPro's 70. However, FxPro stands out by providing access to a much broader range of 2,249 tradeable symbols overall, while iFOREX offers 750. Neither broker offers the ability to buy exchange-traded securities on U.S. exchanges like Apple shares, and both only provide cryptocurrency trading through derivatives rather than actual cryptocurrencies.
Another noteworthy point of comparison is FxPro's availability of exchange-traded international securities, such as Vodafone shares, which iFOREX does not provide. Additionally, FxPro offers copy trading, providing an extra layer of versatility for traders that iFOREX lacks. This wider range of investment options and features contributes to FxPro's higher rating of 4 stars for the range of investments, compared to iFOREX's 3.5 stars. In rankings by ForexBrokers.com, FxPro is placed at #28, whereas iFOREX stands at #41 out of 62 brokers, reflecting the generally broader set of options available through FxPro.
| 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.
When comparing FxPro and iFOREX for their trading platforms and tools, there are notable differences tailored to varied trader preferences. FxPro provides a comprehensive set of platforms, including a proprietary platform, MetaTrader 4 (MT4), and MetaTrader 5 (MT5), along with a Windows-based desktop platform and a web-based platform. It also supports copy trading and offers a free virtual demo account for simulated trading, making it appealing for traders who prefer to test their strategies risk-free. In contrast, iFOREX offers its proprietary platform and a web-based platform but lacks MT4 and MT5 support, a desktop download option, copy trading, and a demo account, which might pose limitations for some users.
Both brokers allow trading directly from charts and provide the same number of drawing tools, totaling 25 each. However, differences appear in other aspects; FxPro's watch lists have six fields, compared to iFOREX's nine, offering more customization for watch lists in iFOREX. In terms of recognition, FxPro is ranked higher at #18 out of 62 brokers by ForexBrokers.com for trading platforms and tools, while iFOREX is positioned at #54. Despite these differences, both brokers share an equal rating of four stars in this category, ensuring they both deliver solid trading experiences while catering to different trader needs and preferences.
| 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.
When comparing the mobile trading apps of FxPro and iFOREX, several features stand out. Both brokers provide apps for iPhone and Android users, ensuring accessibility for most traders. However, FxPro's app is more feature-rich. It offers stock and forex price alerts, which iFOREX does not. Additionally, FxPro allows users to sync their watchlists between the app and their online account, enabling seamless integration and updates. The ability to draw trendlines and view multiple time frames on charts, combined with the app's capability to auto-save these drawings, further enhances FxPro's offering. In contrast, iFOREX lacks these advanced charting features.
FxPro excels in technical analysis, offering 65 technical studies in its mobile app, while iFOREX does not specify any. The option to create a watchlist with real-time quotes is available with FxPro, a feature absent in iFOREX's app. These differences are reflected in their ratings: FxPro scores an impressive 4.5 stars for its mobile trading app, ranked 15th out of 62 brokers by ForexBrokers.com. Meanwhile, iFOREX, with a 4-star rating, is ranked 55th, showing FxPro's superior mobile trading experience.
| 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.
When comparing the market research offerings between FxPro and iFOREX, both brokers provide daily market commentary and maintain economic calendars that track global news events, helping traders stay informed. FxPro stands out by offering forex news from well-known sources like Bloomberg, Reuters, and Dow Jones, ensuring that traders receive top-tier information. Unlike iFOREX, FxPro does not provide tools from company Autochartist, yet both platforms include Technical Analytics from Trading Central. Both brokers also feature sentiment-based trading tools that present a ratio of long to short positions across currency pairs. While neither broker offers market research tools from companies such as TipRanks or Acuity Trading, FxPro still manages to maintain a slight edge in quality.
Overall, FxPro is rated higher for research with a score of 4 stars, compared to iFOREX's 3.5 stars. This reflects in their rankings by ForexBrokers.com, where FxPro is positioned at #27 out of 62 brokers, whereas iFOREX ranks #48. Whether you prioritize top-tier news sources or comprehensive technical analytics, these points of comparison highlight key aspects that differentiate these two brokers in their approach to market research.
| 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 | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
FxPro stands out in providing educational resources for beginners interested in forex or CFDs. It offers over ten educational pieces, including articles and videos, making it a suitable choice for those who value learning opportunities in their trading journey. Their resource library includes a searchable archive of previously recorded webinars, providing a convenient way for users to access past information and learn at their own pace. Additionally, FxPro features a comprehensive investor dictionary, helping beginners understand at least 50 investing terms which can be crucial for their success. This commitment to education earns FxPro a commendable 4-star rating for education and a solid rank of 17th out of 62 brokers by ForexBrokers.com.
iFOREX, on the other hand, offers fewer educational resources compared to FxPro. While it does provide beginner-friendly videos covering trading topics, iFOREX falls short in other areas, such as the lack of an extensive educational content library and the absence of a searchable webinar archive. Although iFOREX does not supply an investor dictionary, it manages to earn a fair 3.5-star rating for education. This places it at 53rd out of 62 brokers according to ForexBrokers.com. While iFOREX may be a viable option for beginners due to its specific video content, its overall ranking suggests that improvements could enhance its educational offerings for novice traders.
| 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 62 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 |
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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) | 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) | FxPro | iFOREX | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | 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) | No | No |
| 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 | 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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