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, their trading platforms and tools offer distinct features suited to different types of traders. FxPro stands out by offering a free virtual demo account, which is a great resource for beginners looking to practice without financial risk. Both brokers provide proprietary platforms; however, FxPro also supports popular platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which are not available with iFOREX. Traders who prefer a Windows-based desktop platform will find FxPro accommodating, while iFOREX relies solely on a web-based platform. FxPro also enables copy trading, giving traders the ability to follow and replicate the actions of experienced investors, a feature absent in iFOREX's offerings.
Both brokers allow trading directly from stock charts and offer equal drawing tools for charting. While iFOREX has more customizable columns in watch lists, FxPro excels in overall ranking, coming in at #17 compared to iFOREX's #54 in the Trading Platforms and Tools category by ForexBrokers.com. Despite these differences, both brokers receive a four-star rating for their trading platforms, indicating solid performance in this domain. Ultimately, your choice between FxPro and iFOREX will depend on which platform features best align with your trading strategy 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.
FxPro and iFOREX both offer daily market commentary to keep traders informed and updated. However, FxPro stands out by providing forex news from top-tier sources like Bloomberg and Reuters, whereas iFOREX does not offer news from these major providers. Both brokers supply users with valuable tools from Trading Central for technical analysis, making it easier for traders to make informed decisions. Additionally, both FxPro and iFOREX offer sentiment-based trading tools that display the ratio of long and short positions across various instruments, giving traders insights into market sentiment.
Both platforms provide access to an economic calendar that highlights significant global news events, although neither broker includes market research tools from companies such as Autochartist, TipRanks, or Acuity Trading. When it comes to overall research capabilities, FxPro slightly edges out iFOREX with a 4-star rating compared to iFOREX's 3.5 stars. According to ForexBrokers.com, FxPro ranks 26th out of 62 brokers in the Research category, while iFOREX is positioned at 48th, indicating a more favorable reputation for FxPro in terms of research offerings.
| 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.
When comparing the educational offerings of FxPro and iFOREX for beginners, FxPro stands out by providing a rich array of resources. It offers over 10 educational pieces focusing on forex and CFDs, a searchable archive of recorded webinars, and a dictionary with definitions for more than 50 investing terms. Additionally, FxPro includes over 10 beginner educational videos that are particularly helpful for those new to trading. In contrast, iFOREX offers educational material that's limited in scope. Although they do provide beginner educational videos, iFOREX lacks the breadth of content found with FxPro, such as a comprehensive investor dictionary and archived webinars. This difference in educational resources is reflected in their respective ratings: FxPro earns 4 stars for Education, while iFOREX receives 3.5 stars.
Looking at their rankings among 62 brokers for educational offerings, FxPro is positioned at 18th place, highlighting a strong emphasis on guiding new traders. Conversely, iFOREX is ranked 53rd, indicating room for growth in its educational support. Both brokers do not offer monthly educational webinars, which may be an area to watch for future improvements. Overall, FxPro provides a more comprehensive educational toolkit for those beginning their trading journey, giving it an advantage in preparing new traders with foundational knowledge and resources.
| 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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|---|---|---|
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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) | 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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