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 FxPro and iFOREX in terms of commissions and fees, FxPro offers competitive options through its cTrader platform, where traders experience commission-based pricing with an effective spread for the EUR/USD pair at approximately 1.27 pips. This includes an average spread of 0.37 pips and a 0.9 pip commission-equivalent. Despite having higher pricing than the industry average, FxPro provides traders with the flexibility to choose between variable and fixed spreads on their MT4 platform, with execution types including instant and market. While iFOREX does not provide average spread data, FxPro offers more detailed information about its spreads and pricing, making it a potentially more transparent option for some traders.
FxPro's pricing structure is nuanced, with floating-rate spreads of 1.58 pips on MT4 market execution accounts and 1.71 pips on instant execution accounts. Their MetaTrader platform adds the requirement of a minimum distance for stop and limit orders, differentiating it from the cTrader platform, which has no such restriction. Additionally, FxPro offers discounts up to 30% for Active Traders in their Elite account program, although similar programs from competitors like FOREX.com and IG may offer more competitive results.
In terms of user ratings, FxPro receives a respectable 4-star rating for commissions and fees, ranking 32nd among 63 brokers according to ForexBrokers.com. In comparison, iFOREX has a 3-star rating for the same category, placing it at an unfavorable 61st position out of 63 brokers. This ranking suggests that while both brokers have their merits, FxPro offers a more competitive fee structure and is likely the better choice for traders prioritizing commissions and fees.
| 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 comparing FxPro and iFOREX in terms of available investments, both platforms offer forex trading as CFDs, catering to diverse trader needs. FxPro boasts a substantial lineup with 2,249 tradeable symbols, featuring 70 forex pairs, highlighting its commitment to providing variety. On the other hand, iFOREX presents traders with 750 tradeable symbols, including 88 forex pairs, giving it a slight edge in forex variety. Neither platform offers the opportunity to buy U.S. exchange-traded securities, but FxPro stands out by allowing purchases on international exchanges such as the London Stock Exchange.
For those interested in cryptocurrency, both FxPro and iFOREX enable trading via cryptocurrency derivatives rather than actual digital coins. While iFOREX does not offer copy trading options, FxPro supports this feature, enhancing its appeal to certain traders. Overall, FxPro earns a 4-star rating for its range of investments, ranking it 28th among 63 brokers, while iFOREX garners a 3.5-star rating, placing it 41st. Each platform's strengths cater to different trading preferences, ensuring various options are available for individual needs.
| 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 regarding their trading platforms and tools, there are notable differences and similarities to consider. FxPro offers a free virtual demo account, allowing users to practice trading without financial risk, while iFOREX does not provide this feature. Both brokers have developed proprietary platforms, but FxPro extends its offering with MetaTrader 4 and MetaTrader 5, whereas iFOREX does not support these popular platforms. FxPro also provides a Windows-based desktop download platform, adding flexibility for users preferring desktop trading, a feature not available with iFOREX. Both brokers do, however, offer web-based trading platforms, ensuring accessibility through internet browsers. In terms of copy trading options, FxPro has this functionality, which iFOREX lacks.
Charting and customization tools reveal both strengths and similarities. FxPro and iFOREX each offer 25 drawing tools for charting and the ability to trade directly from a stock chart, facilitating integrated trading strategies. However, FxPro stands out with a ranking of #17 among 63 brokers by ForexBrokers.com for Trading Platforms and Tools, significantly higher than iFOREX's ranking at #54. While iFOREX does provide a wider array of watchlist columns, with nine compared to FxPro’s six, both brokers receive an identical rating of four stars for their trading platforms and tools. This showcases that despite their distinct particulars, both brokers have substantial offerings, though FxPro may hold the edge in several key areas.
| 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, both brokers offer apps compatible with iPhone and Android devices. However, FxPro pulls ahead with additional features that enhance the trading experience. Traders using FxPro can benefit from stock and forex price alerts—a feature that iFOREX lacks. Additionally, FxPro allows watchlist symbol syncing, providing the convenience of updates syncing across both mobile apps and online accounts. This syncing capability is absent in iFOREX. FxPro also supports comprehensive technical analysis with 65 technical studies available for charting, unlike iFOREX, which does not provide this data.
Charting capabilities are another area where FxPro excels. Users can draw trendlines, view charts across multiple time frames, and rest assured that their drawings are auto-saved. iFOREX doesn't match these functionalities. Furthermore, FxPro offers real-time quotes in its watchlists, a feature not available with iFOREX. Reflecting these advantages, FxPro holds a higher app rating of 4.5 stars and ranks 15th out of 63 brokers, whereas iFOREX is rated 4 stars and stands at 55th place. Overall, for a more feature-rich mobile trading experience, FxPro edges out as the preferred choice.
| 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.
Both FxPro and iFOREX offer daily market commentary, providing valuable insights for traders seeking to understand market trends. However, FxPro stands out by offering forex news from top-tier sources like Bloomberg and Reuters, while iFOREX does not include these premium news providers. Both brokers provide technical analytics through Trading Central, along with sentiment-based trading tools, helping traders assess market moves. Despite the similarity in some areas, FxPro does not partner with Autochartist or Acuity Trading for research tools, aligning it with iFOREX in this respect.
Both brokers include an economic calendar to keep traders informed of global economic events. Yet, when it comes to research resources, FxPro earns a higher rating of 4 out of 5 stars compared to iFOREX's 3.5 stars. Furthermore, in ForexBrokers.com's rankings, FxPro is positioned more favorably at 26th out of 63 brokers, whereas iFOREX is ranked 48th. Therefore, while both platforms offer essential tools and commentary, FxPro edges out iFOREX in terms of research resources and overall ratings.
| 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 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) | 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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