FXPro vs Mega Trader FX

FxPro vs Mega Trader FX Comparison Table 2024
FxPro Mega Trader FX
4.4
Not Yet Rated
United States Flag Traders from US not accepted
United States Flag Traders from US not accepted

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.

Mega Trader FX is a multi-asset broker offering 1:500 leverage and deposit bonuses.

Bonus Offer
20% deposit bonus up to $2,000
Comment by Reviewer
"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
  • 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
  • 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, Stocks, Indices, Commodities, Futures Forex, CFDs, indices, precious metals, energies
Demo Account
Yes Yes
Minimum Deposit
$100 $0
Trading Platforms
  • FxPro Platform
  • MT4
  • MT5
  • cTrader
  • AutoChartist
  • TradingCentral
  • DupliTrade
  • MT4
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
FCA, CySEC, FSCA, SCB, FSC CySEC
Margin Trading
Yes No
Margin Rate
0.5%
STP Account
Yes No
ECN Account
No No
DMA Account
No No
MAM Account
Yes No
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 No
Market Maker
Yes No
P2P Trading
No No
Spot Trading
Yes No
Mobile Apps
iOS & Android Yes
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
VPS Hosting
No No
Tournaments
No No
Demo Competitions
Yes No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$5
Islamic Account
Yes Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • AUD
  • JPY
  • ZAR
  • CHF
  • PLN
Stock Exchanges
Commodities
CFD Trading
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. CFD products are available on multiple financial markets.
Leverage
1:30 (Retail), 1:500 (Pro), 1:1000 (Via Prime Ash Capital Limited) 1:500
FTSE Spread
1.58 Pts (Ave) Variable
GBPUSD Spread
2.39 Pips (Ave) 2.6
Oil Spread
0.07 (WTI Ave) Variable
Stocks Spread
Variable N/A
Forex Trading
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. Online trading is available on major, minor and exotic FX pairs.
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
2.39 pips (Ave) 2.6
EURUSD Spread
1.58 pips (Ave) 1.9
EURGBP Spread
1.74 pips (Ave) 2.5
Assets
70+ 54
Currency Indices
  • USD
Cryptocurrency
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. Crypto trading not offered
Spread
Variable
Coins
  • 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
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