Written by ForexBrokers.com
In this head to head comparison of FXCM 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.
FXCM and FxPro are both prominent online brokers known for their reliability, but they do present differences in their credentials. FXCM was established in 1999, making it a veteran in the industry, while FxPro came onto the scene later in 2006. Unlike FxPro, FXCM is publicly traded, which can offer additional transparency to potential investors. Neither broker operates as a bank, yet both maintain a strong presence in the market through their regulatory licenses. FXCM holds four Tier-1 licenses and two Tier-2 licenses, reflecting its commitment to maintaining high trust and security standards. In comparison, FxPro possesses two Tier-1 licenses and one Tier-2 license, showcasing its solid regulatory standing as well.
In terms of trustworthiness, ForexBrokers.com gives FXCM an impressive trust score of 95 out of 99, categorizing it as highly trusted. FxPro also holds a commendable trust score of 90, placing it firmly within the highly trusted category as well. The trust scores illustrate that both brokers are dependable choices, albeit with FXCM having a slight edge in regulatory credentials and public transparency. These factors can be important considerations for traders looking to optimize their investment strategies while ensuring their funds are housed with credible institutions.
| Feature |
FXCM
|
FxPro
|
|---|---|---|
| Year Founded | 1999 | 2006 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 2 |
| Tier-2 Licenses | 2 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 2 |
When evaluating the commissions and fees of FXCM and FxPro, it's important to understand where each broker stands in relation to industry averages. FXCM's pricing for forex trading leans higher than typical market rates, with standard account spreads on the EUR/USD averaging 0.78 pips in regions like the EU, U.K., and Australia. However, these spreads increase to 1.38 pips for its St. Vincent and the Grenadines account, slightly edging past industry norms. For those on commission-based accounts, FXCM offers average spreads of 0.28 pips, but when factoring in commissions, the effective spread rises to approximately 0.74 pips. Furthermore, FXCM highlights its Active Trader Rebate Program, offering rebates ranging from $5 to $25 per million traded, depending on the trader's tier. However, some competitors provide more attractive pricing structures for active traders.
FxPro's approach to pricing also positions it above the standard industry average, which might be seen as less competitive compared to brokers like Pepperstone and IC Markets. FxPro offers a choice between variable or fixed spreads on its MT4 platform, with variable pricing allowing either instant or market execution. FxPro’s most favorable spreads are found on its cTrader platform with an effective spread of about 1.27 pips for the EUR/USD pair. This includes the average spread of 0.37 pips alongside a commission equivalent of 0.9 pips. Additionally, FxPro presents floating-rate spreads on MT4 and MT5, marking 1.58 and 1.51 pips respectively for market execution accounts, with a slightly wider spread for those using instant execution. While FxPro does offer active trader discounts with its Elite account, these benefits fall short compared to programs from leading brokers like FOREX.com and IG.
In terms of ranking and ratings, FXCM is rated 4 stars for its commissions and fees and ranks #24 out of 62 brokers according to ForexBrokers.com. Meanwhile, FxPro also earns a 4-star rating in the same category but ranks slightly lower at #32. Both brokers provide varied pricing structures that can cater to different trading needs, but discernible differences highlight the importance of aligning your choice with your specific trading volume and style.
| Feature |
FXCM
|
FxPro
|
|---|---|---|
| Minimum Deposit | Starts from $50 | $100 |
| Average Spread EUR/USD - Standard | 0.78 | 1.51 |
| All-in Cost EUR/USD - Active | 0.78 | 1.27 |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | Yes |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing the range of investments available with FXCM and FxPro, several noteworthy differences emerge. Both brokers allow forex trading through CFDs or spot contracts, but FxPro stands out with 2,249 tradeable symbols, in comparison to FXCM's 440. FxPro offers a wider variety of forex pairs, boasting 70 compared to FXCM's 43. While neither broker provides exchange-traded securities on U.S. exchanges, FxPro differentiates itself by offering access to international exchange-traded securities. Both brokers support copy trading and cryptocurrency derivatives, though neither offers the purchase of actual cryptocurrencies.
Based on the Range of Investments, FxPro earns a higher rating with 4 out of 5 stars, compared to FXCM's 3.5 stars. This is reflected in their rankings by ForexBrokers.com, where FxPro ranks at #28 out of 62 brokers, a notable step ahead of FXCM, which stands at #47. These differences highlight FxPro's broader investment offerings, particularly when considering the number of tradeable symbols and access to international markets. For traders seeking a wider array of investment options, FxPro may offer the edge.
| Feature |
FXCM
|
FxPro
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 440 | 2249 |
| Forex Pairs (Total) | 43 | 70 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| 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.
FXCM and FxPro both offer comprehensive trading platforms, catering to the needs of both beginner and seasoned traders. They each provide a free virtual demo account, allowing users to practice trading without financial risk. Both brokers offer proprietary platforms and Windows-based desktop downloads, as well as web-based trading platforms for ease of access. In addition, they support MetaTrader 4 (MT4) and copy trading services. However, FxPro edges ahead by supporting MetaTrader 5 (MT5), while FXCM does not. On the other hand, FXCM offers ZuluTrade for copy trading, whereas FxPro does not support this platform.
When it comes to charting tools and trading features, FXCM and FxPro present some distinct differences. FXCM provides 10 drawing tools for chart customizations, while FxPro offers a more extensive selection with 25 tools. Both allow traders to execute trades directly from stock charts, offering a streamlined trading experience. FXCM's watch lists are more configurable, providing 13 columns for data fields compared to FxPro's 6. In evaluations, FXCM excels with a five-star rating for its trading platforms and tools, ranking 6th among 62 brokers by ForexBrokers.com. FxPro follows with a four-star rating, holding the 19th rank, making FXCM a stronger choice for those prioritizing advanced platform functionalities.
| Feature |
FXCM
|
FxPro
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | Yes | No |
| Charting - Indicators / Studies (Total) | 115 | 53 |
| Charting - Drawing Tools (Total) | 10 | 25 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 13 | 6 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
FXCM and FxPro both offer strong options for those interested in mobile trading. Each provides apps for both iPhone and Android users, allowing traders to manage their investments on the go. FXCM and FxPro offer features like stock and forex price alerts, the ability to draw trendlines on charts, and the viewing of multiple time frames such as daily, weekly, or intraday. Both apps also enable users to create watchlists with real-time quotes and sync these watchlists across devices to ensure seamless updates between mobile and online accounts. Trendline drawings are preserved automatically in each app, adding convenience for technical analysis.
When it comes to the number of technical studies available for charting, FxPro slightly edges out with 65 options compared to FXCM's 59. Despite this, both apps are highly rated by users, each earning a commendable 4.5 out of 5 stars. According to ForexBrokers.com, FxPro is ranked closely above FXCM, coming in at #15 out of 62 brokers in the Mobile Trading Apps category, with FXCM following at #16. Ultimately, both brokers provide competitive mobile trading experiences, making them solid choices for traders looking for flexibility and convenience.
| Feature |
FXCM
|
FxPro
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 59 | 65 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Both FXCM and FxPro provide robust market research features for traders, including daily market commentary and forex news from renowned sources like Bloomberg, Reuters, and Dow Jones. Additionally, both brokers offer technical analysis tools from Trading Central and sentiment-based trading tools that display the positions of traders across various currency pairs. Economic calendars are also available with both brokers, helping traders stay informed about global news events impacting different economies.
However, there are some differences. FXCM provides market research from TipRanks, an offering not available with FxPro. When it comes to rankings and ratings, FXCM edges out with a higher research rating of 4.5 stars compared to FxPro's 4 stars. Moreover, FXCM is ranked 11th in the research category by ForexBrokers.com, significantly higher than FxPro's rank of 27th out of 62 brokers. These distinctions make FXCM a slightly superior choice for those who prioritize extensive and varied research tools in their trading endeavors.
| Feature |
FXCM
|
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) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
If you're a beginner looking to dive into forex or CFDs, both FXCM and FxPro are strong contenders when it comes to educational resources. FXCM stands out with a more comprehensive offering. It not only provides over 10 educational pieces in various formats like articles and videos but also hosts monthly webinars, allowing clients to stay updated with current trading strategies. Additionally, FXCM offers a searchable archive of past webinars for on-demand learning and an investor dictionary with definitions of at least 50 investing terms. Beginners will appreciate their dedicated video content tailored specifically for novice traders, ensuring a smooth learning curve.
FxPro, on the other hand, matches FXCM in offering more than 10 educational resources and a sizable searchable webinar archive. While it does lack monthly live webinars, FxPro still provides over 10 beginner-focused videos and an investor dictionary. However, it falls short on advanced video content for seasoned traders, which may be a consideration for those looking to deepen their expertise beyond the basics. According to ForexBrokers.com, FXCM rates slightly higher with a 4.5-star rating for education and stands at the 14th position among 62 brokers, whereas FxPro garners a 4-star rating and is ranked 17th. This makes FXCM a slightly more attractive choice for educational resources, especially if ongoing live learning opportunities and advanced content are priorities.
| Feature |
FXCM
|
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 FXCM is better than FxPro. FXCM finished with an overall rank of #15, while FxPro finished with an overall rank of #21.
For traders who appreciate advanced trading tools and quality market research, FXCM is a winner, especially for algorithmic trading. Its range of tradeable markets is fairly narrow, however, and the pricing at FXCM is just average.
| Feature |
FXCM
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FxPro
|
|---|---|---|
| Overall Rating |
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| Trust Score | 95 | 90 |
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Both FXCM and FxPro do not offer the option to purchase actual (delivered) cryptocurrencies, but they do provide the ability to trade cryptocurrency derivatives.
Both FXCM and FxPro offer a wide range of deposit and withdrawal options, including ACH or SEPA transfers, PayPal, Skrill, Visa or Mastercard, and bank wires, providing flexibility and convenience for their users.
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 | FXCM | FxPro | |
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| Trust Score | 95 | 90 | |
| Winner | check_circle | ||
| Review | FXCM Review | FxPro Review |
| Broker Screenshots | FXCM | FxPro | |
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| Regulation | FXCM | FxPro | |
|---|---|---|---|
| Trust Score | 95 | 90 | |
| Year Founded | 1999 | 2006 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 4 | 2 | |
| Tier-2 Licenses | 2 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 2 |
| Tier-1 Licenses (Highly Trusted) | FXCM | FxPro | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | Yes | 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 | Yes |
| Tier-2 Licenses (Trusted) | FXCM | FxPro | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | Yes | No | |
| South Africa (FSCA Authorised) | Yes | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | FXCM | FxPro | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 440 | 2249 | |
| Forex Pairs (Total) | 43 | 70 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| 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 | FXCM | FxPro | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.78 | 1.51 | |
| All-in Cost EUR/USD - Active | 0.78 | 1.27 | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | Yes | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | FXCM | FxPro | |
|---|---|---|---|
| Minimum Deposit | Starts from $50 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | Yes |
| Trading Platforms | FXCM | FxPro | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | Yes | |
| DupliTrade | No | No | |
| ZuluTrade | Yes | No |
| Trading Tools | FXCM | FxPro | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 13 | 6 | |
| Charting - Indicators / Studies (Total) | 115 | 53 | |
| Charting - Drawing Tools (Total) | 10 | 25 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FXCM | 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 | 59 | 65 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | FXCM | 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 | FXCM | 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 | FXCM | 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 | FXCM Review | FxPro Review |
| Overall | FXCM | FxPro | |
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| Trust Score | 95 | 90 | |
| Winner | check_circle | ||
| Review | FXCM Review | FxPro Review |
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