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 |
Interactive Brokers and FxPro both offer different pricing structures for their forex trading services, catering to varied trading styles and needs. Interactive Brokers is well-regarded for its competitive pricing, although it doesn't publish average forex spreads. During the third quarter of 2024, the average spread for EUR/USD at Interactive Brokers was found to be 0.19 pips, making its effective all-in spread 0.59 pips after commission. Commissions for forex trading start at 0.00002 of the U.S. dollar trade value, with a minimum charge of $2 per order. This can be reduced for very active traders who meet certain monthly volume thresholds. Interactive Brokers charges $16 to $40 per million traded round turn, and benefits from aggregating prices from 17 major interbank forex dealers. It is rated 5 stars and ranked #2 out of 63 brokers for commissions and fees by ForexBrokers.com.
On the other hand, FxPro's pricing is considered higher than the industry average, giving it a disadvantage compared to some peers. Offering execution-based pricing with instant and market execution options, FxPro allows traders to choose between variable and fixed spreads on its MT4 platform. Its cTrader platform offers the most competitive pricing, with an effective EUR/USD spread of approximately 1.27 pips. This includes an average spread of 0.37 pips plus a 0.9 pip commission-equivalent. As of August 2020 data, FxPro's floating-rate model on MT4 and MT5 offers spreads of 1.58 to 1.71 pips for EUR/USD. Although FxPro has an Active Trader program offering discounts, it does not quite match up to similar schemes from top competitors. FxPro is rated 4 stars and ranked #32 in the same category by ForexBrokers.com.
In summary, both Interactive Brokers and FxPro cater to different trader profiles. Interactive Brokers suits traders looking for competitive pricing with the potential for significant discounts based on trading volume, while FxPro offers a range of execution methods with slightly higher spreads and commissions. The contrasting approaches and pricing make them suitable for different trading needs, with Interactive Brokers holding a higher rating and ranking for its commissions and fees.
| 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.
Interactive Brokers and FxPro differ significantly in their range of investment options, catering to varying investor needs. Interactive Brokers leads the way with an impressive variety of 8,500 tradeable symbols, including 90 forex pairs. This platform allows you to trade forex as either CFDs or spot contracts while also providing access to U.S. exchange-traded securities, enabling direct purchase of shares like Apple. Furthermore, users can trade international securities and invest in both actual cryptocurrencies and their derivatives. However, Interactive Brokers does not offer copy trading capabilities.
In contrast, FxPro offers a smaller but still robust selection with 2,249 tradeable symbols and 70 forex pairs, also providing forex trading through CFDs or spot contracts. While it matches Interactive Brokers in offering international exchange-traded securities, it lacks direct access to U.S. exchange-listed stocks and actual cryptocurrencies. FxPro excels in enabling copy trading, allowing users to replicate successful trading strategies effortlessly. Both platforms offer cryptocurrency derivatives, but Interactive Brokers takes the lead with a five-star rating for its range of investments, positioned as the top choice by ForexBrokers.com among 63 brokers, while FxPro holds a four-star rating, ranking 28th in the same category.
| 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 offer traders a comprehensive suite of platforms and tools, but they cater to different needs. Both brokers provide a free virtual demo account and proprietary platforms, making it easy for users to start practicing trading without real financial risk. They also support Windows-based desktop platforms and web-based trading options, allowing flexibility for traders who prefer different interfaces. However, FxPro offers the added feature of copy trading and supports popular platforms like MetaTrader 4 and 5, which many traders find appealing for its extensive community and automated strategies. In contrast, Interactive Brokers does not offer these MetaTrader platforms or copy trading options.
When it comes to charting tools, Interactive Brokers stands out with 85 drawing tools, offering traders a rich set of resources for technical analysis, while FxPro offers 25. Additionally, Interactive Brokers' platforms allow for an impressive 659 columns for watch lists compared to FxPro's 6, providing a more detailed view for tracking potential investments. Both allow trading directly from stock charts, enhancing user convenience. Interactive Brokers is rated 5 stars for its trading platforms and tools, ranking 3rd among 63 brokers, while FxPro receives a solid 4-star rating and ranks 17th. These differences illustrate Interactive Brokers' focus on providing a wide array of tools and customization for traders seeking depth in their trading environment.
| 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.
Interactive Brokers and FxPro both provide user-friendly mobile apps for iPhone and Android devices, offering convenient trading on the go. Both brokers feature stock and forex price alerts, real-time quote watchlists, and seamless syncing of watchlists between the mobile app and the online account. Users of both apps can draw trendlines and access multiple time frames, such as daily, weekly, or intraday, on their trading charts. However, while FxPro's mobile app automatically saves chart drawings, Interactive Brokers does not offer this feature.
When it comes to charting capabilities, Interactive Brokers stands out with 97 technical studies available, compared to FxPro's 65. This robust offering contributes to Interactive Brokers' high rating of 5 stars for its mobile trading app, while FxPro follows closely with 4.5 stars. Ranked by ForexBrokers.com, Interactive Brokers takes the #4 spot among 63 brokers in the Mobile Trading Apps category, whereas FxPro ranks #15. Overall, both brokers present strong mobile trading solutions, with Interactive Brokers leading slightly in technical analysis features and industry rankings.
| 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.
When comparing Interactive Brokers and FxPro for market research, both platforms provide daily market commentary, keeping traders informed of the latest financial developments. Additionally, each platform includes forex news from respected sources like Bloomberg and Reuters, ensuring users have access to credible market updates. Both brokers also offer technical analysis tools from Trading Central. However, while each broker provides sentiment-based trading tools, Interactive Brokers edges ahead by offering market research from TipRanks and additional insight tools from Acuity Trading.
Interactive Brokers further enhances its research offering with an economic calendar, a feature that FxPro also provides to help traders monitor global economic events. When it comes to research capabilities, Interactive Brokers earns a top rating of 5 stars and a high position as the third-ranked broker in this category, according to ForexBrokers.com. In contrast, FxPro receives 4 stars for research, ranking 26th out of 63 brokers. This makes Interactive Brokers a preferred choice for those seeking expansive market insights.
| 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 considering educational resources for beginners in online trading, Interactive Brokers and FxPro both provide a range of offerings. Interactive Brokers shines with its commitment to continuous learning, offering more than 10 pieces of educational content focused on forex and CFDs. They conduct online educational webinars monthly, an area where FxPro falls short. Both brokers maintain searchable archives of past webinars and provide over 10 beginner-focused educational videos. However, Interactive Brokers also extends its resources to advanced traders with over 10 advanced educational videos, which FxPro lacks.
Both platforms feature an investor dictionary with definitions of at least 50 investing terms, making it easier for beginners to get up to speed with crucial terminology. These comprehensive educational resources earn Interactive Brokers a 5-star rating for education, positioning it at the third spot in ForexBrokers.com’s ranking of 63 brokers. On the other hand, FxPro, with its solid educational materials, receives a 4-star rating and ranks 18th. This comparison highlights Interactive Brokers as a slightly more favorable option for beginners keen on a firm educational foundation in the forex and CFD trading landscape.
| 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 63 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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|---|---|---|
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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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