FXORO vs FxPro

FXORO vs FxPro Comparison Table 2024
FXORO FxPro
2.8
4.4

FXORO is an international brokerage firm founded in 2010 and based in Cyprus. The firm is regulated by the Cyprus Securities and Exchange Commission (CySEC) and provides consistent trading conditions with negative balance protection and free membership to the investor's compensation fund.

Founded in 2006, FxPro is an established forex, CFD and spread betting broker offering 2100+ assets to over 2 million clients worldwide. The broker is regulated in 4 jurisdictions and offers reliable 24/5 customer support, earning it a high trust and safety score. FxPro has also picked up more than 100 industry accolades for its competitive trading conditions, including fast execution and deep liquidity.

Comment by Reviewer
"Based on my time testing the platform, I think FXORO best suits experienced traders who use active, high-volume strategies and appreciate ECN pricing with narrow spreads. That said, I do think the asset line-up and choice of platforms could be expanded to compete with the top brands." "FxPro is best for experienced traders looking for wide market access, premium research tools and advanced charting platforms. The competitive fees and fast execution will serve serious short-term traders, whilst the BnkPro investment service will appeal to those looking for long-term e-money solutions."
Pros
  • I was glad to see a wide range of payment methods available during my tests, including bank wire, credit cards and several accessible e-wallet solutions
  • I'm pleased to see that FXORO offers the reliable MetaTrader 4 platform, which will serve both beginners and experienced traders
  • FXORO offers a decent range of account types to cater to all traders, including fixed spread, ECN and Islamic accounts
  • FXORO is authorized by CySEC, a respected tier-one regulator with robust financial safeguards in place
  • FxPro maintains its position as a top no dealing desk (NDD) broker, with fast execution speeds under 13ms and co-located trading servers with Tier 1 banks
  • There are 4 superior day trading platforms, including a proprietary solution with over 50 indicators, 7 chart types and an impressive 15 chart time frames
  • Comprehensive analysis and trading tools are available for seasoned traders, including signals powered by Trading Central and VPS hosting
  • Thousands of CFDs are available across 6 asset classes with a particularly impressive range of indices and precious metals
  • There's an interactive learning center for beginners with tests, courses, video tutorials and webinars
Cons
  • I was disappointed that FXORO doesn't offer any copy trading tools, which is a feature offered at many competitors
  • I would have liked to see another platform on offer, as well as some additional analysis tools
  • FXORO's asset line-up is mediocre compared to popular alternatives
  • FxPro's services are mainly geared towards experienced investors and beginners may find the broker's fees and accounts complex
  • The broker charges a $10 inactivity fee after 6 months of account dormancy, though this is more lenient than many brokers
  • There are only a handful of payment methods available, compared to the 10+ offered at top competitors like AvaTrade
  • There's no copy trading service, which reduces the appeal for strategy providers looking to earn extra revenue
Awards
  • BEST BROKER 2021 (UK), Ultimate Fintech Awards
  • BEST FX PROVIDER 2021, Online Personal Wealth Awards
  • BEST TRADING PLATFORM 2020, Investors Chronicle & Financial Times
Instruments
CFDs, Forex, Shares, Indices, Commodities, ETFs, Cryptos CFDs, Forex, Stocks, Indices, Commodities, Futures
Demo Account
Yes Yes
Minimum Deposit
$200 $100
Trading Platforms
  • MT4
  • TradingCentral
  • FxPro Platform
  • MT4
  • MT5
  • cTrader
  • AutoChartist
  • TradingCentral
  • DupliTrade
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
CySEC FCA, CySEC, FSCA, SCB, FSC
Margin Trading
Yes Yes
Margin Rate
0.5%
STP Account
No Yes
ECN Account
Yes No
DMA Account
No No
MAM Account
No Yes
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
Yes Yes
Market Maker
No Yes
P2P Trading
No No
Spot Trading
No Yes
Mobile Apps
iOS & Android iOS & Android
App Review

FxPro offers forex trading on 70+ pairs via its mobile app. A range of technical indicators and order types are available and hedging is supported. Download the app for free from the iOS and Android app stores.

Android App Rating
4.3
iOS App Rating
4.7
Auto Trading
Expert Advisors (EAs) on MetaTrader Expert Advisors (EAs) on MetaTrader
Copy Trading
No No
Social Trading
No No
Trade Signals
Yes
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No Yes
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$25 $5
Islamic Account
Yes Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • CHF
  • USD
  • EUR
  • GBP
  • AUD
  • JPY
  • ZAR
  • CHF
  • PLN
Stock Exchanges
Commodities
CFD Trading
My tests found that FXORO provides offers an average range of CFD products, covering forex, cryptos, commodities and equities. All these assets can be charted and analyzed manually or automatically with ease through the MetaTrader 4 platform. FxPro offers thousands of CFDs on forex, commodities, indices, shares and futures. The broker's analysis and charting capabilities continue to stand as some of the best in the industry, with Trading Central integration, advanced order types and access to custom indicators.
Leverage
1:30 1:30 (Retail), 1:500 (Pro), 1:1000 (Via Prime Ash Capital Limited)
FTSE Spread
2 (Fixed Account) 1.58 Pts (Ave)
GBPUSD Spread
3 (Fixed Account) 2.39 Pips (Ave)
Oil Spread
4 (Fixed Account) 0.07 (WTI Ave)
Stocks Spread
From 7 (Fixed Account) Variable
Forex Trading
FXORO has a decent range of forex products on offer, although I would have preferred to see greater opportunities within the exotic currency markets. However, the 60 pairs that clients can trade are supplemented by MT4 access and leverage rates of up to 1:30. FxPro offers 70+ currency pairs with ultra-fast execution speeds and tight spreads from 0.46 pips on EUR/USD. The range of forex assets outranks many rivals, including our award winner, AvaTrade. Various short-term forex strategies are permitted, including EA trading and hedging.
Forex App

FxPro offers forex trading on 70+ pairs via its mobile app. A range of technical indicators and order types are available and hedging is supported. Download the app for free from the iOS and Android app stores.

GBPUSD Spread
3 (Fixed Account) 2.39 pips (Ave)
EURUSD Spread
2 (Fixed Account) 1.58 pips (Ave)
EURGBP Spread
3 (Fixed Account) 1.74 pips (Ave)
Assets
60+ 70+
Currency Indices
  • USD
Cryptocurrency
FXORO clients can access a mediocre range of 9 cryptocurrencies, consisting of key players like Bitcoin, Ethereum and Litecoin. Whilst this is more substantial than many brokers, I feel a much greater range would be required to compete with the top crypto brokers. Non-UK FxPro traders can access CFDs on 28 popular cryptocurrencies, including Bitcoin and Ethereum as well as smaller tokens like Tron. Algo traders can also make use of trading bots and custom indicators within the third-party platforms.
Spread
Bitcoin: $80 over market price (Fixed Account) Variable
Coins
  • BTC
  • LTC
  • ETH
  • XLM
  • DOG
  • DASH
  • NEO
  • EOS
  • BAT
  • BCH
  • BTC
  • DOG
  • DOT
  • DSH
  • EOS
  • ETC
  • ETH
  • IOT
  • LNK
  • LTC
  • NEO
  • XLM
  • XMR
  • XRP
  • ZEC
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
More Comparisons
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