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.
FxPro, established in 2006, stands out with a strong regulatory standing thanks to its two Tier-1 licenses and one Tier-2 license, contributing to a highly trusted ForexBrokers.com Trust Score of 90. While not a publicly traded company or bank, FxPro provides assurance to traders with its established reputation and secure regulatory framework. This makes it a solid choice for investors looking for a reliable online broker.
Founded in 1999, Spreadex holds one Tier-1 license and garners a ForexBrokers.com Trust Score of 71, placing it in the average risk category. Like FxPro, Spreadex is neither publicly traded nor a bank. While its regulatory strength isn't as pronounced as FxPro's, Spreadex offers a viable option, particularly for those interested in exploring trading opportunities with an average risk profile.
| Feature |
FxPro
|
Spreadex
|
|---|---|---|
| Year Founded | 2006 | 1999 |
| Publicly Traded (Listed) | No | No |
| Bank | No | 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.
When comparing FxPro and Spreadex on their trading platforms and tools, both brokers deliver options that cater to diverse trading styles. FxPro stands out with its availability of both MetaTrader 4 and MetaTrader 5, popular platforms among traders for their advanced capabilities. In contrast, Spreadex does not offer these MetaTrader options. Both brokers, however, provide their users with access to proprietary platforms, allowing for unique trading experiences. Additionally, FxPro supports simulated trading through a free virtual demo account, a feature also mirrored by Spreadex. However, while FxPro offers a Windows-based desktop platform, Spreadex relies solely on a web-based platform.
FxPro also allows copy trading, giving traders the chance to mimic the strategies of successful peers, whereas Spreadex lacks this feature. On the charting front, FxPro users can make use of 25 drawing tools, whereas Spreadex provides 11. Both brokers offer the convenience of trading directly from stock charts, making it easy to capitalize on market movements. For watch lists, Spreadex edges ahead with eight columns compared to FxPro's six, providing more detailed market tracking. In summary, both brokers are rated four stars for their platforms and tools, yet FxPro is ranked higher at 18th place by ForexBrokers.com, while Spreadex follows at the 46th position, indicating a higher level of satisfaction among users for FxPro's offerings.
| 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.
When considering market research offerings, both FxPro and Spreadex provide comprehensive insights to their users. They each deliver daily market commentary and forex news from trusted sources like Bloomberg and Reuters. Both brokers feature sentiment-based trading tools that indicate position ratios across various currency pairs. Additionally, they offer economic calendars to keep traders informed of global events. However, a notable distinction lies in their partnerships with technical analysis providers. FxPro collaborates with Trading Central, equipping traders with technical analytics, whereas Spreadex aligns with Autochartist for a variety of technical tools. Neither broker currently offers market research from TipRanks or Acuity Trading tools.
In terms of research ratings, FxPro and Spreadex both earn four stars for their research capabilities. Despite the equal star ratings, FxPro holds a slightly better position, ranked at #27, while Spreadex secures the #31 spot among 62 brokers on ForexBrokers.com. Traders considering these platforms may weigh the specific technical analysis tool partnerships and rankings when making a decision.
| 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.
FxPro and Spreadex both provide a solid foundation for beginners diving into forex and CFD trading, offering a wide range of educational materials. Each broker supplies over ten educational pieces, including articles and videos, centered around forex or CFDs, ensuring beginners have access to vital information. Both platforms also cater to those just getting started with more than ten beginner-specific trading videos. Additionally, both FxPro and Spreadex include comprehensive investor dictionaries, each with over fifty trading term definitions to help new traders understand key concepts.
While both brokers earn a commendable four-star rating for their educational offerings, key differences set them apart. FxPro excels with a searchable archive of recorded client webinars, a resource that Spreadex does not provide. However, neither platform conducts monthly live educational webinars, nor do they extend their video library to advanced topics. When stacked up against 62 other brokers, FxPro is ranked 17th for education, showing a stronger placement than Spreadex, which ranks 45th. This difference in ranking suggests that while both brokers are supportive of new traders, FxPro may offer a slightly better educational resource 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 | 90 | 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 | 90 | 71 | |
| Winner | check_circle | ||
| Review | FxPro Review | Spreadex Review |
| Broker Screenshots | FxPro | Spreadex | |
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| Regulation | FxPro | Spreadex | |
|---|---|---|---|
| Trust Score | 90 | 71 | |
| Year Founded | 2006 | 1999 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | 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 | 90 | 71 | |
| Winner | check_circle | ||
| Review | FxPro Review | Spreadex Review |
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