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.
Interactive Brokers and FxPro both stand out in the online trading world by offering robust trading platforms and tools that cater to different needs. Both brokers provide users with the opportunity to experience trading through free virtual demo accounts, which can be particularly beneficial for beginners. They also feature their own proprietary platforms along with Windows-based desktop and web-based platforms, ensuring flexibility and accessibility for their clients. However, when it comes to trading platforms, FxPro offers additional features as it supports MetaTrader 4 and MetaTrader 5 platforms and provides copy trading capabilities— features that are absent in Interactive Brokers. Despite this, Interactive Brokers shines with its sophisticated offerings of 85 drawing tools for charting and a remarkable 659 columns for watch lists, showcasing its depth in customization and technical detailing.
Interactive Brokers has been recognized with a 5-star rating for their trading platforms and tools, ranking 3rd out of 62 brokers according to ForexBrokers.com. This highlights their commitment to high-quality service and advanced trading features. In comparison, FxPro also performs admirably with a 4-star rating and a ranking of 18th, demonstrating a strong yet slightly less premium platform offering. Both brokers allow for direct trading from stock charts, catering to active traders who value swift and seamless execution. Ultimately, while FxPro offers a more diverse platform selection with features like copy trading, Interactive Brokers presents a superior, highly rated toolset that focuses extensively on customizable and technical trading options.
| 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.
Interactive Brokers and FxPro both provide traders with daily market commentary and access to high-quality forex news from leading sources such as Bloomberg and Reuters. While both brokers also offer technical analysis and fundamental research tools from Trading Central, they do not use Autochartist software. When it comes to sentiment-based tools that display the ratio of long or short positions, both Interactive Brokers and FxPro have integrated these into their offerings, keeping traders informed of market directions. In addition, both brokers provide an economic calendar to keep users updated on global news events that might impact the markets.
Despite these common features, Interactive Brokers sets itself apart with its access to research from TipRanks and Acuity Trading's Signal Centre, tools not available with FxPro. This expanded suite of resources, along with its broader set of analytical tools, contributes to Interactive Brokers earning a higher research rating of five stars compared to FxPro's four-star rating. Consequently, Interactive Brokers is ranked third in the research category by ForexBrokers.com, an impressive feat among 62 brokers, while FxPro stands at the 27th position.
| 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 it comes to educational resources for beginners, both Interactive Brokers and FxPro provide a rich repository of materials focused on forex and CFDs. Each offers at least 10 educational articles, videos, or archived webinars dedicated to these subjects, ensuring ample learning opportunities for newcomers. However, Interactive Brokers stands out by offering monthly live webinars, which is a feature FxPro currently lacks. Both brokers maintain searchable archives of past webinars, providing easy access to recorded sessions for those looking to learn at their own pace.
Interactive Brokers further excels with educational resources tailored to different skill levels. They offer in-depth videos covering both beginner and advanced trading topics, whereas FxPro's collection is primarily geared towards beginners. Moreover, both platforms provide comprehensive investor dictionaries with over 50 investing terms, aiding in building a strong foundational knowledge. Interactive Brokers' strong commitment to education is reflected in their 5-star rating and a high ranking of #3 out of 62 brokers on ForexBrokers.com, compared to FxPro's 4-star rating and #17 ranking. This makes Interactive Brokers a more comprehensive choice for those seeking extensive educational resources.
| 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
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|---|---|---|
| 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 | |
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| 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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