Our ForexBrokers.com team spent seven months and hundreds of hours assessing 43 different forex broker accounts
for trading FX. In total, over 6,000 data points were collected. For this review, we will compare FxPro vs IG Group.
To start this comparison, first, we will take a look at the fees charged for trading forex. It's important to note this is no easy task. Not every broker shares their average spreads, spreads can be fixed or variable (floating), execution policies differ, and brokers can act as market makers (dealers) or act as agents for execution. To simplify things, we analyzed everything for you and provide a single star rating for cost. IG Group's score is 4.5 stars versus FxPro's 4 stars.
Cost aside, we can now turn our focus to regulation alongside currency availability. For regulation, it's very important to select a broker you can trust with your money. FxPro and IG Group both are regulated in a major hub. IG Group is a publicly traded company, while FxPro is not. How many currency pairs are available to trade? FxPro trails IG Group by 21 total currency pairs (for example, EUR/USD), with IG Group offering 91 and FxPro offering 70.
To round out our comparison, let's look at the popular tools and features forex traders prefer. For platforms, some FX traders prefer MetaTrader. FxPro alongside IG Group offer Meta Trader. Within the trading platform, charting should be robust, so we counted the number of drawing tools and total technical indicators made available. FxPro boasts an offering of 31 charting tools compared to IG Group's 17 available charting tools. IG Group trails FxPro by 29 total different indicators (for example, moving averages), with FxPro offering 51 and IG Group offering 22.
Overall, IG Group comes out on top with 4.5 stars over FxPro's 4 stars. And, when it comes to individual category awards, IG Group was rated Best in Class - Platforms & Tools, Best in Class - Research and Best in Class - Mobile Trading in 2018, while FxPro was rated none of these.