Compare FxPro Vs Interactive Brokers: Which is the Better Forex Broker in 2024?
FxPro Vs Interactive Brokers, which one is better? Both brokers are often compared to each other to find which one comes out to be the better one. What many traders may not comprehend is that the best choice may differ for every one of them, and there's nothing wrong with it. To make it easier for you to decide which one is the best between FxPro Vs Interactive Brokers, here is the direct comparison:
Feature | FxPro | Interactive Brokers |
General Rating |
3.14/5 |
2.42/5 |
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Score | 77 | 66 | |
Trustpilot |
3.9/5 131 users |
3.5/5 2653 users |
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💼 Regulation | |||
❗Info | |||
⌛ Established | 2006 | 1977 | |
💲 Min Deposit | $100 | $10000 | |
⚖ Max Leverage | 1:10000 | 1:100 | |
🔢 Spread | Variable | Fixed | |
💸 Commissions | |||
💡 Min Position | 0.01 lot | 0.25 lot |
💳 Payment | PayPal, Skrill, Wire transfer, Credit/debit cards, Neteller, UnionPay, Crypto, Ethereum and Tether (USDT) | Wire transfer, Check and BPAY | |
🏢 Office(s) |
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🧩 Demo Account | |||
📁 Segregated Account | |||
🕋 Islamic Account | |||
👨💻 PAMM Account | |||
📈 Managed Account | |||
LAMM Account | |||
MAM Account |
💱 Hedging | |||
🇺🇸 US traders | |||
📫 Requires sending documents via postal mail | |||
🕛 Swaps | |||
☎️ Trading by telephone |
🏆 Trading contests | |||
⚡ Automated trading | |||
💰 Bonus offers | |||
📖 Free education | |||
👔 Affiliate program |
1️⃣ One-click trading | |||
⏱ Trailing stop | |||
⏳ Pending orders |
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🗣 Website Languages | Arabic, Czech, German, English, Spanish, French, Hindi, Hungarian, Indonesian, Italian, Japanese, Korean, Malay, Polish, Portuguese, Russian, Thai, Urdu, Vietnamese, Chinese | German, Spanish, French, Italian, Japanese, Russian, Chinese |
🚪 Trade Now | Open FxPro | Open Interactive Brokers |
Testimonials
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FxPro: FxPro is a top-notch broker
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FxPro: I've had a great experience with FxPro.
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FxPro: Broker that delivers
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FxPro: FxPro has been my broker of choice for forex trading.
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FxPro: Fxpro
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FxPro: FxPro is a top-notch broker
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FxPro: I've had a great experience with FxPro.
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FxPro: Broker that delivers
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FxPro: FxPro has been my broker of choice for forex trading.
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FxPro: Fxpro
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Interactive Brokers: I have worst CS moment here. They are a bit...
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Interactive Brokers: While the platform is good. When you have a problem...
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Interactive Brokers: The web site does not always connect you may have...
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Interactive Brokers: The platform is absolutely solid and the folks at IB...
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Interactive Brokers: Pros: Fast, InexpensiveCons: Terrible Scanner, Horrible Charts, Customer Services
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FxPro: FxPro is a top-notch broker
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See More FxPro Testimonials
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See More Interactive Brokers Testimonials
News
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Maximize Your Trading Rewards This Ramadan with FxPro's Special Offer
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Interactive Brokers Forex Broker Sees 11% Jump in DARTs
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Interactive Brokers Rocks Q4: Strong Revenue Led by Options Surge
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Interactive Brokers Continues Success, Surpassing 2.5 Million Clients
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FxPro UK Revenue Grows Despite Net Loss
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Interactive Brokers Merging Europe and Ireland Office
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Interactive Brokers Trading Volume in August Remains Flat
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FxPro Establishes Presence in MENA with Dubai Office
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FxPro Signs Sponsorship with MMA Athlete Aleksandr Chizov
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Interactive Brokers Reported Decline Revenue and High DART
Articles
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Your Definitive Guide to FxPro Regulations
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How to Deposit on FxPro Broker
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What is FxPro Trading Central?
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FxPro App: A Comprehensive Review for Traders
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FxPro Platform Comparison: What's the Difference?
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How to Verify Account in FxPro
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How to Open Account in FxPro
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Saxo Bank and Interactive Brokers: Which One is the Best?
Bonus
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- Comparison List
Which one has the better spread?
Considering that spread is a trading cost, the lower the spread, the better it is for traders. However, spread information among brokers is not easy to get, as not every broker transparently publishes their spreads data.
However, traders can still choose their ideal brokers by the type of their spreads. The most two popular types of spread are fixed and variable. The pros and cons between the two spreads can vary for every trader. In this case, FxPro provides their pricing with Variable spread while Interactive Brokers offers Fixed spread.
FxPro vs Interactive Brokers: Who hosts the best trading platform?
The trading platform is essential as you can't execute a trade without it. Additionally, trading platforms provide price charts and an assortment of analytical tools to help traders with their strategies.
To support their clients, FxPro enables trading with MetaTrader 4, MetaTrader 5, FxPro Platform, cTrader. The offer is supported with One-click trading, Trailing stop, Pending orders. In comparison, Interactive Brokers provides trading with Web Trader (SerSart), FX-Trader, Trader Workstation with the support of One-click trading, Trailing stop, Pending orders.
Is FxPro or Interactive Brokers better in providing the trading instruments?
It is widely known that forex brokers offer other trading instruments other than currency pairs. The offer gives interesting choices for traders to explore other markets that may be proven beneficial for them and to diversify their trading portfolios.
In this case, FxPro supports trading with Forex, Futures, Indexes, Metals, Energies, Crypto, Indices, while Interactive Brokers presents the ability of trading with Forex, Gold & silver, CFD, Stocks, Options, Futures, Bonds, ETF, Crypto.
In conclusion, deciding the better broker eventually comes down to your consideration. If you are an active trader, it is better to choose a broker with a variable spread that is generally lower than the fixed one. For the trading platform, MetaTrader 4 is the standard choice for every trader. But if you want to have a different experience with a more advanced platform, choose the broker that provides alternative platforms. The same goes for trading instruments; if you want to try delving into different markets, seek for a broker with more options on trading instruments.
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