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 prominent names in the online brokerage industry, each with its own strengths. Established in 1999, FXCM operates as a publicly traded company and holds 4 Tier-1 licenses, which are seen as highly trusted. This contributes to its impressive Trust Score of 95 according to ForexBrokers.com. Although FXCM isn't a bank, it is recognized within the industry as highly reliable due to its regulatory status and long-standing history.
On the other hand, FxPro launched in 2006 and, unlike FXCM, functions as a bank. Although it is not publicly traded, FxPro maintains a strong foothold with 2 Tier-1 licenses, earning a respectable Trust Score of 93. While its number of licenses are fewer than FXCM, FxPro's overall trust and reliability are substantial. Both brokers stand out in the competitive landscape thanks to their exceptional regulatory compliance and reputation for trustworthiness.
| Feature |
FXCM
|
FxPro
|
|---|---|---|
| Year Founded | 1999 | 2006 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | Yes |
| 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.
Both FXCM and FxPro provide traders with high-quality tools and platforms tailored to enhance the trading experience. Traders looking to try out their strategies without financial risk can take advantage of the simulated trading features offered by both brokers, which include free virtual demo accounts. Both FXCM and FxPro have developed their proprietary trading platforms, available on Windows-based desktop and web-based browsers. They also support popular trading platforms like MetaTrader 4 (MT4). However, FxPro extends its offering with MetaTrader 5 (MT5), a feature not available with FXCM. While both brokers support copy trading, FXCM integrates with ZuluTrade, whereas FxPro does not offer this service.
In terms of charting tools and trading directly from charts, both brokers excel with comprehensive technical capabilities. FXCM provides 10 drawing tools compared to FxPro's 25, but when it comes to customizing watch lists, FXCM outpaces with 13 columns available versus FxPro's 6. These features contribute to FXCM's superior rating of 5 stars for Trading Platforms and Tools, ranking it 6th out of 62 brokers according to ForexBrokers.com. In contrast, FxPro secures a 4-star rating and is ranked 17th in the same category, showcasing FXCM's edge in offering a slightly more streamlined trading platform experience.
| 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 daily market commentary and access to forex news from top-tier sources like Bloomberg, Reuters, and Dow Jones, ensuring traders are well-informed. Each broker also offers tools from Trading Central for in-depth technical analysis, as well as sentiment-based trading tools to better understand market positioning across different instruments. Additionally, both platforms provide an economic calendar that highlights crucial global news events, helping traders stay ahead of market movements.
However, there are a few differences in their offerings. FXCM stands out with market research from TipRanks, a feature FxPro lacks. This possibly contributes to FXCM’s higher research rating of 4.5 stars, compared to FxPro’s 4 stars. According to ForexBrokers.com, this gives FXCM an edge, placing it at number 11 out of 62 brokers for research, while FxPro holds the 26th position. Overall, both brokers offer useful market insights, but FXCM might provide an added advantage with its TipRanks feature.
| 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 delve into trading, both FXCM and FxPro provide rich educational resources to help you start. FXCM and FxPro each offer a wide variety of educational content, including at least ten articles, videos, or webinars focused on forex or CFDs, ensuring you have plenty of material to learn from. Both brokers also host a searchable archive of recorded webinars, allowing for convenient review. However, FXCM has the edge when it comes to interactive learning opportunities, as it holds monthly webinars to keep clients engaged in up-to-date market discussions, a feature that FxPro does not offer.
When it comes to video content, FXCM caters to both beginners and advanced traders with a substantial library covering a wide range of topics. FxPro, while providing material for beginners, falls short for those seeking advanced trading insights. Additionally, both brokers offer an investor dictionary to help you become familiar with the trading jargon. According to ForexBrokers.com, FXCM is rated slightly higher for educational content, earning a 4.5-star rating, compared to FxPro's 4-star rating. This distinction is further reflected in their rankings, with FXCM securing the 14th spot and FxPro the 18th among 62 brokers in the education category.
| 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 | 93 |
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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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2 of 5| Overall Rating | FXCM | FxPro | |
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| Trust Score | 95 | 93 | |
| Winner | check_circle | ||
| Review | FXCM Review | FxPro Review |
| Broker Screenshots | FXCM | FxPro | |
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| Regulation | FXCM | FxPro | |
|---|---|---|---|
| Trust Score | 95 | 93 | |
| Year Founded | 1999 | 2006 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | Yes | |
| 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 | 93 | |
| Winner | check_circle | ||
| Review | FXCM Review | FxPro Review |
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