Interactive Brokers
FxPro
Interactive Brokers vs FxPro
A detailed side-by-side comparison based on our hands-on testing across 8 scoring categories.
Interactive Brokers and FxPro are both popular choices for forex and CFD traders, but they cater to different needs and experience levels. Interactive Brokers, founded in 1978 and headquartered in Greenwich, USA, is regulated by SEC, FCA, ASIC, MAS, IIROC and offers spreads starting from 0.1 pips with a minimum deposit of $0. FxPro, established in 2006 in London, UK, holds licenses from CySEC, FCA, FSCA with spreads from 0.0 pips and a $100 minimum deposit. In our hands-on testing across 8 scoring categories, Interactive Brokers scored 9.2/10 overall compared to FxPro's 8.4/10, making it the stronger pick for most traders. That said, FxPro holds its own with better trading platforms and better customer support, so your ideal broker depends on what you prioritize in a trading partner.
Key Differences at a Glance
- 📊
Interactive Brokers scores 9.2/10 overall vs 8.4/10 for FxPro — a 0.8-point difference.
- 💵
Interactive Brokers requires just $0 to start, while FxPro needs $100 — Interactive Brokers is 100x more accessible.
- 📈
Interactive Brokers offers 1,000,000+ instruments vs 2,100+ at FxPro — a massive gap in market coverage.
- 🖥️
Interactive Brokers runs on TWS, IBKR Mobile, IBKR GlobalTrader, while FxPro uses MT4, MT5, cTrader, FxPro Edge — different ecosystems for different trading styles.
- ⚡
The biggest gap is in Trading Costs: Interactive Brokers scores 9.5 vs 8.0 for FxPro — a 1.5-point difference.
Our Verdict
Interactive Brokers
Score: 9.2/10 · Wins 5 categories- You want lower spreads and trading fees
- You're a beginner who values learning resources
- Top-tier regulation and fund safety are your priority
- You want access to a wider range of instruments
FxPro
Score: 8.4/10 · Wins 2 categories- You need advanced trading platforms and tools
- Responsive customer support matters to you
- You prefer FxPro's trading environment overall
Interactive Brokers takes the lead with an overall score of 9.2/10 compared to 8.4/10, winning in 5 out of 8 scoring categories. Interactive Brokers stands out for lower trading costs and stronger regulation, while FxPro fights back with better trading platforms and better customer support.
Detailed Verdict
After testing both brokers with real accounts, Interactive Brokers comes out ahead with a 9.2/10 overall rating, winning 5 out of 8 categories. Its strongest area is Regulation & Trust where it scores 10.0/10. Interactive Brokers holds Tier 1 regulation, meaning your funds benefit from top-level investor protection including segregated accounts and compensation schemes. FxPro is not without merit — it scores 8.4/10 overall and excels in Platforms & Tools (9.0/10), winning 2 categories. Traders who value better trading platforms or better customer support may find FxPro the better fit. For a complete breakdown, read our full Interactive Brokers review and FxPro review — both include account opening walkthroughs, platform screenshots, and withdrawal test results.
Score Breakdown
Interactive Brokers wins by 1.5 points
FxPro wins by 0.5 points
Interactive Brokers wins by 1.0 points
Interactive Brokers wins by 0.5 points
FxPro wins by 0.5 points
Interactive Brokers wins by 1.5 points
Interactive Brokers wins by 1.5 points
Full Feature Comparison
| Feature | ||
|---|---|---|
| Overall Score | 9.2/10 ✓ | 8.4/10 |
| Min Deposit Lower is better | $0 ✓ | $100 |
| Max Leverage | 1:50 | 1:500 |
| Spreads From | 0.1 pips | 0.0 pips |
| Platforms | TWS, IBKR Mobile, IBKR GlobalTrader | MT4, MT5, cTrader, FxPro Edge |
| Regulation | SEC, FCA, ASIC, MAS, IIROC | CySEC, FCA, FSCA |
| Founded Older track record highlighted | 1978 ✓ | 2006 |
| Markets | 1,000,000+ ✓ | 2,100+ |
Fees & Costs
When it comes to trading costs, Interactive Brokers has the edge with a score of 9.5/10 versus 8/10 for FxPro. Interactive Brokers offers spreads starting from 0.1 pips, while FxPro starts from 0.0 pips. The minimum deposit at Interactive Brokers is $0, compared to $100 at FxPro. Both brokers operate primarily on a spread-based pricing model, though actual costs vary by account type and instrument. For high-volume traders, even small spread differences add up significantly over time, making this an important category to weigh carefully.
Trading Platforms
FxPro scores 9/10 for platforms compared to 8.5/10 for Interactive Brokers. Interactive Brokers provides TWS, IBKR Mobile, IBKR GlobalTrader, while FxPro offers MT4, MT5, cTrader, FxPro Edge. The choice of platform affects your charting, order execution speed, and available technical indicators. Traders who rely on MetaTrader's algorithmic trading capabilities should check which MT4/MT5 features each broker supports, including custom indicators and expert advisors.
Regulation & Safety
Regulation is crucial for fund safety. Interactive Brokers is regulated by SEC, FCA, ASIC, MAS, IIROC (Tier 1), while FxPro holds licenses from CySEC, FCA, FSCA (Tier 1). Interactive Brokers scores 10/10 and FxPro scores 9/10 in this category. Tier 1 regulators like FCA, ASIC, and CySEC offer the strongest investor protection, including segregated client funds and compensation schemes. Always verify your broker's specific license for your jurisdiction before opening an account.
Education & Research
For learning resources, Interactive Brokers leads with 8/10 compared to 7.5/10. Quality education materials can shorten your learning curve significantly. Look for brokers offering structured courses, live webinars, and practice demo accounts. Interactive Brokers and FxPro both provide demo accounts for risk-free practice, but the depth of educational content varies. Beginners should prioritize this category when choosing between the two.
Customer Support
Interactive Brokers offers 24/6 Live Chat, Email, Phone and scores 7.5/10, while FxPro provides 24/5 Live Chat, Email, Phone with a score of 8/10. Reliable support becomes critical during market volatility or when you encounter account issues. Look for brokers with 24/5 or 24/7 availability, multiple contact channels, and support in your preferred language.
Deposit & Withdrawal
Interactive Brokers scores 8/10 for deposits and withdrawals, while FxPro scores 8/10. Interactive Brokers accepts Bank Transfer, ACH, and FxPro supports Bank Transfer, Credit Card, PayPal, Skrill, Neteller. Processing times, fees, and available currencies vary. Interactive Brokers requires a minimum deposit of $0 versus $100 for FxPro. Always check withdrawal conditions and any potential fees before funding your account.
Which Broker Is Right for You?
Choose Interactive Brokers if you...
- You want lower spreads and trading fees
- You're a beginner who values learning resources
- Top-tier regulation and fund safety are your priority
- You want access to a wider range of instruments
Choose FxPro if you...
- You need advanced trading platforms and tools
- Responsive customer support matters to you
- You prefer FxPro's trading environment overall
🗳️ Which Broker Do You Prefer?
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Frequently Asked Questions
Is Interactive Brokers better than FxPro?
Interactive Brokers scores higher overall (9.2/10 vs 8.4/10), winning 5 of 8 categories. However, FxPro is stronger in better trading platforms and better customer support. The best choice depends on what matters most to your trading style.
Which has lower fees, Interactive Brokers or FxPro?
Interactive Brokers scores higher for trading costs. Interactive Brokers offers spreads from 0.1 pips with a $0 minimum deposit, while FxPro starts from 0.0 pips with $100 minimum. Actual trading costs depend on your instrument, volume, and account type.
Is Interactive Brokers safe to trade with?
Interactive Brokers is regulated by SEC, FCA, ASIC, MAS, IIROC and scores 10/10 for regulation. FxPro is regulated by CySEC, FCA, FSCA with a score of 9/10. Both hold recognized licenses, but verify the specific entity covering your region.
Which has better trading platforms, Interactive Brokers or FxPro?
FxPro scores 9/10 for platforms. Interactive Brokers offers TWS, IBKR Mobile, IBKR GlobalTrader, while FxPro provides MT4, MT5, cTrader, FxPro Edge. Your ideal platform depends on whether you prefer proprietary tools, MetaTrader, or third-party solutions.
What's the minimum deposit for Interactive Brokers vs FxPro?
Interactive Brokers requires a minimum deposit of $0, while FxPro requires $100. Interactive Brokers has the lower entry barrier, making it more accessible for beginners or those testing with smaller amounts.
Ready to Start Trading?
Open a free account with either broker and start trading today.