Written by ForexBrokers.com
In this head to head comparison of FxPro vs Spreadex, 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 considering online brokers, regulatory credentials and trustworthiness are key factors for many investors. FxPro, founded in 2006, is widely regarded as a highly trusted broker, boasting a ForexBrokers.com Trust Score of 93. This impressive rating stems from the firm's possession of two Tier-1 licenses and one Tier-2 license. Furthermore, FxPro distinguishes itself as a bank, though it remains privately held and not publicly traded.
In contrast, Spreadex, which began operations in 1999, carries a Trust Score of 71, placing it in the 'average risk' category according to ForexBrokers.com. While it holds one Tier-1 license, Spreadex does not have any Tier-2 licenses and is not a bank. Similar to FxPro, Spreadex is privately held and is not listed on any stock exchange. Investors considering these brokers should weigh these regulatory differences and trust scores to make well-informed decisions.
| Feature |
FxPro
|
Spreadex
|
|---|---|---|
| Year Founded | 2006 | 1999 |
| 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 | 0 |
When comparing online brokers FxPro and Spreadex in terms of commissions and fees, both platforms have unique offerings but handle pricing differently. FxPro, with a four-star rating for commissions and fees, is ranked #32 out of 63 brokers by ForexBrokers.com. With its MetaTrader platform, FxPro offers both variable and fixed spreads, though spreads are generally higher than the industry average. On its cTrader platform, FxPro provides a more competitive commission-based pricing structure, with an effective spread of about 1.27 pips for the EUR/USD pair when considering commissions. Additionally, FxPro presents an Active Trader program with discounts up to 30%, though it may still lag behind some top competitors.
Spreadex, also holding a four-star rating in this category, is ranked slightly higher at #27. During January 2024, Spreadex displayed competitive average spreads of 0.81 pips for the EUR/USD pair, reaching a minimum spread of 0.6 pips about 60% of the time. This consistent pricing indicates a potentially better value proposition for traders focused on minimizing transaction costs, as it is lower compared to FxPro's offerings.
In summary, both FxPro and Spreadex have strengths in their commission and fee structures, each earning a solid four-star rating. While FxPro provides flexibility with execution methods and trading platforms, Spreadex offers tighter average spreads, making it an appealing choice for cost-sensitive traders. Your choice between the two may ultimately depend on your preferred trading platform and strategy.
| Feature |
FxPro
|
Spreadex
|
|---|---|---|
| Minimum Deposit | $100 | $0 |
| Average Spread EUR/USD - Standard | 1.51 | 0.81 |
| 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 | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing FxPro and Spreadex for investment options, both brokers provide forex trading through CFDs, allowing traders to engage with the forex market flexibly. FxPro boasts a selection of 2,249 tradeable symbols, including 70 forex pairs, while Spreadex offers a significantly broader range, with 10,000 symbols but slightly fewer forex pairs at 52. Despite these differences, both platforms do not offer U.S.-based exchange-traded securities such as Apple shares, though FxPro provides access to international markets like the London Stock Exchange for securities such as Vodafone. Neither broker supports purchasing actual cryptocurrencies, yet they both allow trading in cryptocurrency derivatives.
Regarding additional trading features, FxPro offers copy trading services, a function not available with Spreadex. Despite FxPro's wider forex options and international securities, Spreadex earns a higher rating for the range of investments, scoring 5 stars compared to FxPro's 4 stars. This higher rating is reflected in industry rankings, where Spreadex is positioned at 13 out of 63 brokers for investment range, surpassing FxPro, which holds the 28th spot. Ultimately, both brokers cater to different trading priorities, leaving potential traders to weigh symbol variety against advanced features like copy trading.
| Feature |
FxPro
|
Spreadex
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 2249 | 10000 |
| Forex Pairs (Total) | 70 | 52 |
| 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 Spreadex, both brokers offer simulated trading through free virtual demo accounts, which is great for beginners. They also provide their own proprietary platforms, showing a commitment to customization and control. However, while FxPro includes a Windows-based desktop trading platform in its lineup, Spreadex does not. Both brokers make up for this by offering convenient web-based trading platforms. FxPro supports popular trading platforms MetaTrader 4 (MT4) and MetaTrader 5 (MT5), favored by many experienced traders for their comprehensive features, while Spreadex does not. This might be an important factor to consider depending on your familiarity with these platforms. Notably, FxPro provides copy trading, allowing users to replicate the trades of successful investors, unlike Spreadex.
In terms of charting tools, FxPro offers 25 drawing tools, compared to Spreadex's 11, which may benefit traders who prefer detailed technical analysis. However, Spreadex offers more versatility with watch lists, providing 8 columns against FxPro’s 6. Both brokers support trading directly from a stock chart, which can enhance trading efficiency. Despite these differences, users rate both platforms highly for trading tools, each receiving a solid 4-star rating. According to ForexBrokers.com, FxPro ranks higher at #17 out of 63 brokers, while Spreadex is positioned at #46. This varied ranking reflects the distinct functionalities and user preferences catered to by each broker. Overall, both brokers offer strong foundations, but FxPro may appeal more to traders seeking comprehensive tools and platform availability.
| Feature |
FxPro
|
Spreadex
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| 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 | 58 |
| Charting - Drawing Tools (Total) | 25 | 11 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 6 | 8 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
FxPro and Spreadex both offer mobile trading apps for iPhone and Android users. Both platforms provide stock and forex price alerts, giving traders timely updates on market movements. A key advantage of the FxPro app is its syncing capability for watchlist symbols, allowing users to seamlessly update their watchlists across the mobile and online platforms. On the other hand, Spreadex lacks this feature, which might be a drawback for those who require seamless integration. Additionally, while both apps support drawing trendlines and viewing multiple time frames, FxPro excels with its 65 technical studies, giving traders more analytical tools than Spreadex, which hasn't specified its offerings in this area. FxPro also saves chart drawings automatically, while Spreadex does not offer this feature.
Both apps enable traders to create watchlists with real-time quotes. However, FxPro's app is rated higher at 4.5 stars compared to Spreadex's 4 stars. In terms of rankings, ForexBrokers.com places FxPro at #15 out of 63 brokers for mobile trading apps, significantly ahead of Spreadex, which is ranked at #46. This suggests that for users seeking a comprehensive mobile trading experience, FxPro may offer more advanced features and a more highly rated app than Spreadex.
| Feature |
FxPro
|
Spreadex
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 65 | N/A |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing FxPro and Spreadex in terms of market research offerings, both brokers provide daily market commentary and forex news from top-tier sources like Bloomberg and Reuters. They each feature a sentiment-based trading tool, allowing traders to gauge the ratio of long or short positions across various instruments. Both FxPro and Spreadex also include an economic calendar to track crucial global events. However, neither broker offers market research from TipRanks or tools from Acuity Trading.
Despite some similarities, there are distinct differences between them. FxPro offers tools from Trading Central but lacks offerings from Autochartist, whereas Spreadex provides tools from Autochartist but not from Trading Central. In terms of overall research ratings, both are rated four out of five stars, but according to ForexBrokers.com, FxPro ranks slightly higher at 26th place out of 63 brokers, compared to Spreadex's 31st place. This positions FxPro as a slightly more favorable choice for traders who value a diverse range of analysis tools in their decision-making process.
| Feature |
FxPro
|
Spreadex
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | Yes | No |
| 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.
For beginners exploring the realm of online trading, choosing a platform with valuable educational resources is crucial. Both FxPro and Spreadex meet the baseline for providing forex and CFDs education, offering more than ten materials like articles and videos. However, they do not offer monthly webinars. While FxPro boasts a searchable archive of past webinars, Spreadex falls short in this aspect, providing no accessible library for beginners to tap into past insights. This could be significant for those who value retrospective learning.
When it comes to video content tailored for beginners, both brokers provide over ten accessible educational videos, making them equally competitive in this regard. Despite this, neither broker provides a collection of advanced educational videos, which may concern seasoned traders seeking deeper insights. Both FxPro and Spreadex feature comprehensive investor dictionaries with more than fifty trading terms, ensuring users have resources to build foundational knowledge. Overall, while both platforms score four stars for education, FxPro takes the lead in ranking, standing at 18th compared to Spreadex's 45th out of 63 brokers, highlighting a slightly stronger educational offering for novices in the trade sector.
| Feature |
FxPro
|
Spreadex
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| 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 | Yes |
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 Spreadex. FxPro finished with an overall rank of #21, while Spreadex finished with an overall rank of #39.
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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Spreadex
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| Trust Score | 93 | 71 |
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Both FxPro and Spreadex do not permit the purchase of actual (delivered) cryptocurrency but do offer options to invest in cryptocurrency derivatives.
FxPro provides a more versatile range of deposit and withdrawal methods, including ACH, SEPA, PayPal, and Skrill, in addition to Visa, Mastercard, and bank wires, while Spreadex supports only Visa, Mastercard, and bank wires for transactions.
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 | Spreadex | |
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| Trust Score | 93 | 71 | |
| Winner | check_circle | ||
| Review | FxPro Review | Spreadex Review |
| Broker Screenshots | FxPro | Spreadex | |
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| Regulation | FxPro | Spreadex | |
|---|---|---|---|
| Trust Score | 93 | 71 | |
| Year Founded | 2006 | 1999 | |
| Publicly Traded (Listed) | No | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 0 |
| Tier-1 Licenses (Highly Trusted) | FxPro | Spreadex | |
|---|---|---|---|
| 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 | No |
| Tier-2 Licenses (Trusted) | FxPro | Spreadex | |
|---|---|---|---|
| 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 | Spreadex | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 2249 | 10000 | |
| Forex Pairs (Total) | 70 | 52 | |
| 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 | Spreadex | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.51 | 0.81 | |
| 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 | Spreadex | |
|---|---|---|---|
| Minimum Deposit | $100 | $0 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | FxPro | Spreadex | |
|---|---|---|---|
| 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 | Spreadex | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 8 | |
| Charting - Indicators / Studies (Total) | 53 | 58 | |
| Charting - Drawing Tools (Total) | 25 | 11 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FxPro | Spreadex | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 65 | N/A | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | FxPro | Spreadex | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | FxPro | Spreadex | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| 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 | Yes |
| Major Forex Pairs | FxPro | Spreadex | |
|---|---|---|---|
| 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 | Spreadex Review |
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| Trust Score | 93 | 71 | |
| Winner | check_circle | ||
| Review | FxPro Review | Spreadex Review |
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