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 |
Comparing the fees and commissions of FxPro and Spreadex reveals some key differences and similarities. FxPro's pricing tends to be higher than the industry average, which places it at a disadvantage compared to some of its peers. On its MT4 platform, FxPro provides options between variable or fixed spreads, with its cTrader platform offering the most competitive rates through commission-based pricing. The effective spread when trading the EUR/USD pair on FxPro’s cTrader is about 1.27 pips, including an average spread of 0.37 pips along with a commission equivalent of 0.9 pips. Meanwhile, its MT4 and MT5 platforms offer different floating-rate spreads, with spreads on MT4 going up to 1.71 pips for instant execution.
Spreadex, on the other hand, offers more attractive spread pricing for the EUR/USD pair, with average spreads of 0.81 pips recorded in January 2024. Spreadex cites that 60% of the time, customers experienced a minimum spread of 0.6 pips throughout that month, indicating a slightly more competitive offering than FxPro in this respect. Both brokers do not charge a fixed commission on top of the spread for executing trades, which may appeal to traders looking for cost-effective trading solutions.
In terms of overall ratings, both FxPro and Spreadex earned a commendable four out of five stars for their commissions and fees. However, when ranked among 62 brokers for this category, Spreadex holds a slight edge, being ranked at #30, whereas FxPro is positioned at #32 according to ForexBrokers.com. This subtle difference in ranking suggests that while both brokers offer similar levels of competitiveness, Spreadex edges slightly ahead in terms of cost-effectiveness for traders.
| 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 provide a range of trading platforms, yet they cater to different needs. FxPro distinguishes itself by offering a free virtual demo account, allowing users to practice and refine their skills without financial risk. Both brokers have developed their proprietary platforms, ensuring tailored experiences for their users. FxPro further enriches its platform offerings with a downloadable desktop version for Windows, whereas Spreadex concentrates solely on a web-based platform. Traders seeking the widely-used MetaTrader suite may find FxPro more appealing, as it supports both MetaTrader 4 and 5, whereas Spreadex does not. Moreover, FxPro supports copy trading, a useful feature for traders looking to mimic successful trades, which Spreadex does not offer.
For traders focused on technical analysis, FxPro offers an edge with 25 charting drawing tools compared to the 11 available through Spreadex. While both platforms support trading directly from stock charts, there are differences in how they manage watchlists. FxPro provides six columns for watch lists, while Spreadex delivers more with eight. Both brokers share a commendable rating of four stars for their trading platforms and tools, according to ForexBrokers.com. However, in terms of ranking, FxPro is positioned higher at #19 out of 62 brokers, compared to Spreadex's spot at #46, reflecting a broader industry preference towards FxPro's offerings in this category.
| Feature |
FxPro
|
Spreadex
|
|---|---|---|
| Virtual Trading (Demo) | Yes | No |
| 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 | 55 |
| 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 devices, ensuring accessibility for traders on the go. Both platforms provide stock and forex price alerts, catering to active traders who want to stay informed. However, a key difference is seen in the syncing capabilities of watchlists: FxPro offers watchlist symbol syncing, allowing seamless updates between mobile and online accounts, while Spreadex does not. In terms of charting tools, FxPro comes out ahead with a comprehensive offering of 65 technical studies, whereas this feature is not specified for Spreadex. Both platforms allow drawing trendlines and viewing multiple time frames on charts, but only FxPro's app automatically saves these drawings.
Additionally, both apps support the creation of watchlists with real-time quotes, catering to traders who like to monitor the market closely. Based on user ratings and industry rankings, FxPro scores 4.5 out of 5 stars for its mobile trading apps, ranking 15th out of 62 brokers according to ForexBrokers.com. On the other hand, Spreadex has a slightly lower user rating of 4 stars and is ranked 49th in the same category. Overall, while both platforms offer solid mobile trading solutions, FxPro provides more advanced features and convenience, making it a preferred choice for many users.
| 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 evaluating online brokers for market research capabilities, both FxPro and Spreadex offer noteworthy resources. They provide daily market commentary and access to forex news from high-profile sources like Bloomberg and Reuters, ensuring traders are well-informed. While neither broker offers tools from Autochartist or TipRanks, FxPro holds an edge with Trading Central analytics, which Spreadex lacks. Both brokers feature a sentiment-based trading tool showing long and short positions across currency pairs and maintain economic calendars for tracking global economic events, aiding traders in making informed decisions.
In terms of research ratings, both FxPro and Spreadex score four out of five stars. However, FxPro slightly outperforms Spreadex by ranking higher in the research category according to ForexBrokers.com, securing the 27th position out of 62 brokers, while Spreadex ranks 31st. These small differences may guide traders seeking a broker with a slight advantage in research offerings, but both platforms provide solid research resources for traders of all levels.
| Feature |
FxPro
|
Spreadex
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| 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
|
Spreadex
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 90 | 71 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platform & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | FxPro | Spreadex | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platform & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 90 | 71 | |
| Winner | check_circle | ||
| Review | FxPro Review | Spreadex Review |
| Broker Screenshots | FxPro | Spreadex | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) |
| ||
| Mobile Trading Gallery (click to expand) |
| ||
| Research Gallery (click to expand) |
| ||
| Education Gallery (click to expand) |
|
| 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 | No | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 8 | |
| Charting - Indicators / Studies (Total) | 53 | 55 | |
| 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 | No | |
| 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 |
| Overall | FxPro | Spreadex | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platform & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 90 | 71 | |
| Winner | check_circle | ||
| Review | FxPro Review | Spreadex Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill