Written by ForexBrokers.com
In this head to head comparison of Interactive Brokers vs FxPro, 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.
Interactive Brokers, established in 1977 and publicly traded, stands out with a top Trust Score of 99 out of 99, signifying a highly trusted status according to ForexBrokers.com. It is not a bank, but its extensive regulatory network includes 9 Tier-1 licenses and 2 Tier-2 licenses, reflecting a strong compliance framework. In comparison, FxPro, founded in 2006 and operating as a bank, holds a reputable but slightly lower Trust Score of 93. Although it is not publicly listed, FxPro maintains credibility with 2 Tier-1 licenses and possesses an additional Tier-2 license.
Both Interactive Brokers and FxPro offer reliable choices for online trading, yet their differences lie primarily in their regulatory compositions and company structures. Interactive Brokers' impressive array of Tier-1 licenses reflects its longstanding commitment to regulatory compliance and public accountability. On the other hand, FxPro, operating as a bank, upholds trust with its own solid set of regulatory approvals, making it a worthy contender despite its younger presence in the market and lack of public trading.
| Feature |
Interactive Brokers
|
FxPro
|
|---|---|---|
| Year Founded | 1977 | 2006 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | Yes |
| Tier-1 Licenses | 9 | 2 |
| Tier-2 Licenses | 2 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 2 |
When comparing Interactive Brokers to FxPro in terms of commissions and fees, Interactive Brokers stands out with competitive pricing, although specific average spreads are not published. The broker charges commissions starting at 0.00002 (0.2 basis points) of the U.S. dollar trade value with a minimum of $2 per order. For particularly active traders, these fees can decrease significantly, reflecting cost-effectiveness for high-volume trading. Interactive Brokers, which doesn’t mark up spreads, gathers prices from 17 major interbank forex dealers, meaning traders can benefit from some of the best execution available in the market. ForexBrokers.com has awarded Interactive Brokers a five-star rating and ranks it second out of 62 brokers in the Commissions and Fees category.
In contrast, FxPro's cost structure is less appealing, with spreads considered higher than the industry average. Opting for FxPro’s cTrader platform, traders benefit from the firm's most competitive spreads, with an effective cost of trading EUR/USD at around 1.27 pips, inclusive of a 0.9 pip commission. For its MT4 and MT5 platforms, FxPro offers variable spreads with execution options that may either involve requotes or slippage, depending on the type chosen. Despite having an Active Trader program with discounts of up to 30%, FxPro's overall pricing still lags behind leading brokers like FOREX.com and IG. Due to these factors, ForexBrokers.com rates FxPro with four stars and places it 32nd.
In summary, while both brokers offer unique advantages, Interactive Brokers excels in terms of cost efficiency and execution quality for active traders, securing a top industry ranking. On the other hand, FxPro, although decent, falls short in competitiveness when compared to some of its peers, and it holds a lower ranking in the ForexBrokers.com Commissions and Fees category.
| Feature |
Interactive Brokers
|
FxPro
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average Spread EUR/USD - Standard | 0.59 | 1.51 |
| All-in Cost EUR/USD - Active | 0.59 | 1.27 |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | Yes |
| PayPal (Deposit/Withdraw) | No | Yes |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | No | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When examining the range of available investments, Interactive Brokers stands out with a significant variety of 8,500 tradeable symbols, giving investors access to a broad selection of financial instruments. It supports forex trading both as CFDs and spot contracts, with 90 tradable forex pairs. In addition to a comprehensive forex offering, Interactive Brokers provides opportunities to buy exchange-traded securities on U.S. and international exchanges, including renowned companies like Apple and Vodafone. Notably, it also offers the ability to buy both actual cryptocurrencies and cryptocurrency derivatives, which adds further diversity to investment options. As a result, Interactive Brokers earns a perfect five-star rating for its range of investments, ranking first out of 62 brokers, according to ForexBrokers.com.
In comparison, FxPro delivers a smaller, yet respectable selection of 2,249 tradeable symbols with forex trading available as both CFDs and spot contracts, covering 70 forex pairs. While it does not offer the option to buy U.S. exchange-traded securities like Apple, it does facilitate the purchase of international exchange-traded securities such as Vodafone shares. Unlike Interactive Brokers, FxPro does not provide the option to purchase actual cryptocurrencies, but it does allow trading in cryptocurrency derivatives. FxPro also differentiates itself by offering copy trading services. Given these offerings, FxPro is rated four stars for its range of investments, standing at the 28th position out of 62 brokers, as identified by ForexBrokers.com.
| Feature |
Interactive Brokers
|
FxPro
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 8500 | 2249 |
| Forex Pairs (Total) | 90 | 70 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| Cryptocurrency (Physical) | Yes | 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 the trading platforms and tools of Interactive Brokers and FxPro, both brokers offer a comprehensive range of features, but tailored for different trading preferences. Interactive Brokers shines with its proprietary platform, offering a Windows-based desktop application and web-based trading. Though it lacks popular tools such as MetaTrader 4 and MetaTrader 5, it compensates with a significant number of drawing tools and the ability to trade directly from stock charts. Its watch list feature is extremely detailed with 659 available fields, making it an excellent choice for traders who value detailed analysis. While copy trading is not available, users can practice with a simulated trading account. Rated 5 stars for its trading platforms and tools, Interactive Brokers ranks third among 62 brokers, emphasizing its strength in this area.
FxPro also offers a proprietary platform with both desktop and web-based options and includes popular trading tools like MetaTrader 4 and 5. This variety caters to traders familiar with these widely-used platforms. Additionally, FxPro supports copy trading, setting it apart from Interactive Brokers in this aspect. While the number of drawing tools and watch list fields are limited compared to its competitor, FxPro still provides essential charting capabilities and direct trading from charts. A free virtual demo account allows new users to familiarize themselves with the platform. FxPro's trading platforms and tools are rated 4 stars and rank 17th out of 62 brokers, making it a solid choice for traders who prioritize popular platform options and copy trading features.
| Feature |
Interactive Brokers
|
FxPro
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 155 | 53 |
| Charting - Drawing Tools (Total) | 85 | 25 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 659 | 6 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both Interactive Brokers and FxPro offer mobile trading apps for iPhone and Android users, allowing access to stock and forex markets directly from your smartphone. Each platform supports price alerts and syncing of watchlist symbols across devices, ensuring a seamless experience. Interactive Brokers distinguishes itself with an impressive 97 technical studies for charting, compared to FxPro's 65. Additionally, both apps allow users to draw trendlines and view multiple time frames on their charts, but only FxPro automatically saves chart drawings.
Regarding watchlists, both provide real-time quotes, facilitating real-time decision-making for traders on the go. Interactive Brokers receives top marks with a 5-star rating for its mobile trading app, securing the 4th spot out of 62 brokers per ForexBrokers.com. In contrast, FxPro, with a 4.5-star rating, ranks 15th in the same category. These ratings suggest that while both apps are highly functional, Interactive Brokers might offer a slight edge in the realm of mobile trading.
| Feature |
Interactive Brokers
|
FxPro
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 97 | 65 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Both Interactive Brokers and FxPro provide daily market commentary and forex news from highly regarded sources like Bloomberg and Reuters, ensuring traders stay informed with timely insights. While neither broker incorporates tools from Autochartist, they both feature technical analysis tools from Trading Central. Additionally, both brokers offer sentiment-based trading tools to help traders assess market positions, and they provide an economic calendar to track global events impacting the markets.
However, Interactive Brokers distinguishes itself with research offerings from TipRanks and Acuity Trading, which FxPro does not provide. This added depth in research tools contributes to an impressive five-star rating for Interactive Brokers compared to FxPro's four-star rating. Consequently, in ForexBrokers.com's research category, Interactive Brokers stands out with a #3 ranking out of 62 brokers, while FxPro is positioned at #26. These distinctions highlight Interactive Brokers as a preferred choice for traders seeking comprehensive market research capabilities.
| Feature |
Interactive Brokers
|
FxPro
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | Yes | No |
| Signal Centre (Acuity Trading) | Yes | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing Interactive Brokers to FxPro for educational resources aimed at beginners, both offer a substantial number of educational pieces including articles, videos, and archived webinars focusing on forex and CFDs. Interactive Brokers and FxPro each provide more than ten beginner-focused videos, making it easy for new traders to get acquainted with trading basics. Additionally, both platforms support users with a searchable archive of previously recorded webinars. However, Interactive Brokers distinguishes itself by offering live educational webinars monthly, whereas FxPro does not provide this feature.
In terms of exploring advanced trading topics, Interactive Brokers clearly takes the lead by providing more than ten advanced educational videos, a resource that FxPro lacks. Additionally, both platforms offer an investor dictionary with over 50 investing terms, which is a handy tool for beginners. When considering educational ratings, Interactive Brokers is rated five stars and ranks third out of 62 brokers by ForexBrokers.com, while FxPro holds a four-star rating and an eighteenth position in the same category. This comparison may guide newcomers to prioritize Interactive Brokers for comprehensive education in trading.
| Feature |
Interactive Brokers
|
FxPro
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that Interactive Brokers is better than FxPro. Interactive Brokers finished with an overall rank of #2, while FxPro finished with an overall rank of #21.
Interactive Brokers is a highly trusted multi-asset broker with an extensive offering of tradeable global markets. It delivers competitive fees and high-quality research and education, as well as a modern, institutional-grade trading platform suite.
| Feature |
Interactive Brokers
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FxPro
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 93 |
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Interactive Brokers allows users to buy actual delivered cryptocurrency and cryptocurrency derivatives, while FxPro only offers the option to purchase cryptocurrency derivatives.
Interactive Brokers and FxPro both offer ACH, SEPA transfers, and bank wires for deposits and withdrawals, but only FxPro provides additional flexibility by accepting PayPal, Skrill, and Visa or Mastercard, making it a more versatile choice for diverse payment options.
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 | Interactive Brokers | FxPro | |
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| Trust Score | 99 | 93 | |
| Winner | check_circle | ||
| Review | Interactive Brokers Review | FxPro Review |
| Broker Screenshots | Interactive Brokers | FxPro | |
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| Regulation | Interactive Brokers | FxPro | |
|---|---|---|---|
| Trust Score | 99 | 93 | |
| Year Founded | 1977 | 2006 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | Yes | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 9 | 2 | |
| Tier-2 Licenses | 2 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 2 |
| Tier-1 Licenses (Highly Trusted) | Interactive Brokers | FxPro | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | Yes | No | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | Yes | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | Yes | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | Interactive Brokers | FxPro | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | Yes | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Interactive Brokers | FxPro | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 8500 | 2249 | |
| Forex Pairs (Total) | 90 | 70 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| Cryptocurrency (Physical) | Yes | 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 | Interactive Brokers | FxPro | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.59 | 1.51 | |
| All-in Cost EUR/USD - Active | 0.59 | 1.27 | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | No | Yes |
| Funding | Interactive Brokers | FxPro | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | No | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | Yes |
| Trading Platforms | Interactive Brokers | FxPro | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | Yes | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Interactive Brokers | FxPro | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 659 | 6 | |
| Charting - Indicators / Studies (Total) | 155 | 53 | |
| Charting - Drawing Tools (Total) | 85 | 25 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Interactive Brokers | FxPro | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 97 | 65 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Interactive Brokers | FxPro | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | Yes | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Interactive Brokers | FxPro | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Interactive Brokers | FxPro | |
|---|---|---|---|
| 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 | Interactive Brokers Review | FxPro Review |
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| Trust Score | 99 | 93 | |
| Winner | check_circle | ||
| Review | Interactive Brokers Review | FxPro Review |
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