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 the commissions and fees of FxPro and Spreadex, it's clear that both brokers present a competitive landscape with some differences in their pricing structures. FxPro offers higher than average pricing across its platforms, with options for both variable and fixed spreads on the popular MT4 platform. Notably, the cTrader platform presents FxPro’s most competitive spreads, featuring commission-based pricing with an effective spread of approximately 1.27 pips for the EUR/USD pair. Meanwhile, its MT5 platform offers only market execution without a fixed spread option. FxPro’s Active Trader program offers discounts but lags behind top competitors. Overall, FxPro earns a commendable 4-star rating for its commissions and fees but ranks #32 out of 62 brokers, as per ForexBrokers.com.
In contrast, Spreadex shines with more favorable spread figures. For January 2024, the broker achieved an average spread of 0.81 pips for the EUR/USD pair, with a minimum spread of 0.6 pips that was observed 60% of the time during the month. Spreadex also secures a 4-star rating for its commissions and fees while achieving a slightly better ranking than FxPro, positioning itself at #27 out of 62 brokers according to ForexBrokers.com.
In summary, while both FxPro and Spreadex receive identical star ratings for their commissions and fees, Spreadex manages to secure a higher rank, suggesting slightly better value through lower average spreads. Traders might prefer FxPro for its platform variety and execution options, whereas those prioritizing tighter spreads might lean towards Spreadex.
| 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.
FxPro and Spreadex both offer a variety of investment options, but there are notable differences between the two. FxPro provides 2,249 tradeable symbols, including 70 forex pairs, where traders can engage in forex trading via CFDs or spot contracts. Despite not offering exchange-traded securities on U.S. exchanges, FxPro does allow investors to access international securities, such as shares on the London Stock Exchange. Additionally, FxPro supports copy trading, appealing to those who favor mirroring successful traders' strategies. However, it does not enable the purchase of actual cryptocurrencies, only derivatives. With these offerings, FxPro scores a 4-star rating for range of investments according to ForexBrokers.com, placing it at the 28th position among 62 brokers.
Spreadex, on the other hand, stands out with a vast selection of 10,000 tradeable symbols, though it offers fewer tradeable forex pairs, featuring 52 options. Spreadex, like FxPro, supports forex trading through CFDs and spot contracts but does not offer exchange-traded securities from either U.S. or international exchanges. Moreover, Spreadex does not provide copy trading capabilities but does allow trading in cryptocurrency derivatives. As a result, Spreadex boasts a higher rating of 5 stars for its investment range and ranks 13th on ForexBrokers.com. Comparing both brokers, Spreadex presents a broader scope of symbols but lacks certain features like international stocks and copy trading that FxPro offers.
| 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.
FxPro and Spreadex both cater to traders seeking diverse and comprehensive trading platforms. FxPro stands out with its proprietary platform and additional support for popular third-party platforms such as MetaTrader 4 and MetaTrader 5, offering versatility for traders. It also provides a downloadable desktop option for Windows users, while Spreadex does not. Both brokers offer web-based platforms and simulated trading accounts, making it easy for users to practice and execute trades online. However, only FxPro supports copy trading, allowing users to follow and replicate the trading strategies of seasoned investors, a feature not available with Spreadex.
Charting capabilities vary between the two, with FxPro offering 25 drawing tools compared to Spreadex's 11, though information on the number of technical indicators provided by each broker is not specified. Both brokers allow trading directly from stock charts, adding convenience. While Spreadex offers more customizable fields for watch lists, FxPro remains a strong contender in the Trading Platforms and Tools category, earning a 4-star rating and ranking 17th out of 62 brokers by ForexBrokers.com. Spreadex shares the same star rating but is positioned at 46th, reflecting a difference in market offerings that may sway traders depending on their specific needs and trading styles.
| 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.
Both FxPro and Spreadex offer trading apps for iPhone and Android users, ensuring a seamless trading experience across popular mobile platforms. With both apps, users can benefit from valuable stock or forex price alerts. An important distinguishing feature in the FxPro app is the ability to sync watchlists with the online account, a capability that the Spreadex app lacks. When it comes to charting tools, FxPro stands out with an impressive 65 technical studies, while no such data is available for Spreadex. Both apps allow users to draw trendlines and view multiple time frames, but only FxPro saves these drawings automatically.
For traders interested in staying updated, both apps allow for watchlist creation with real-time quotes. However, FxPro earns a slightly higher overall rating of 4.5 stars for its mobile app, compared to Spreadex's 4 stars, highlighting its greater appeal among users. Additionally, according to ForexBrokers.com, FxPro ranks 15th out of 62 brokers for mobile trading apps, showcasing its strong position in the market. Spreadex, on the other hand, is ranked 46th, indicating room for improvement in its mobile offering. Both brokers cater to diverse trading needs, but those seeking more advanced features might find FxPro to be the more compelling choice.
| 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.
FxPro and Spreadex both excel in providing comprehensive market research tools for traders, offering daily market commentary and forex news from top-tier sources like Bloomberg and Reuters. Both brokers feature sentiment-based trading tools and economic calendars to help traders stay on top of global news events. However, their approach to technical analysis varies. FxPro partners with Trading Central, offering advanced technical analytics, while Spreadex collaborates with Autochartist to deliver rich analysis tools. Neither broker provides research from TipRanks or Acuity Trading.
In terms of ratings and rankings, FxPro and Spreadex both achieve four out of five stars in research. Despite having the same star rating, FxPro ranks slightly higher, securing the 26th spot among 62 brokers on ForexBrokers.com, whereas Spreadex ranks 31st. Each platform has its strengths, catering to different research preferences and trading styles, offering traders valuable insights to support informed decision-making.
| 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.
When it comes to educational resources for beginners, both FxPro and Spreadex offer a range of materials suited to those new to forex and CFD trading. Each broker provides at least ten educational pieces, including articles, videos, and archived webinars, to acquaint beginners with the essentials of trading. Moreover, both FxPro and Spreadex present a collection of videos specifically accessible for those just starting. While live webinars are not a monthly feature at either broker, FxPro sets itself apart with a searchable archive of previously recorded webinars. Additionally, both brokers offer an investor dictionary with over 50 terms, aiding beginners in familiarizing themselves with industry jargon.
In terms of educational ratings, both FxPro and Spreadex achieve a commendable four-star rating. However, when looking at overall rankings, FxPro edges ahead, coming in at 18th place compared to Spreadex's 45th out of 62 brokers surveyed by ForexBrokers.com. While neither broker offers advanced videos for experienced traders, those seeking a more comprehensive educational experience might find FxPro’s webinar archives an added advantage.
| 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 62 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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2 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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