FxProvs
Interactive BrokersForex Broker Comparison
This comparison pits FxPro against Interactive Brokers on trust, fees, and platforms. The tension centers on platform breadth and cost efficiency.
Our Verdict
Interactive Brokers winsby 0.3 pts
Interactive Brokers edges FxPro on editorial score, posting 4.6 versus 4.3, so it is the overall winner.
No commercial relationship. The verdict and scores are entirely editorial. No payment influences this comparison.
Key Differences
- 1FxPro offers MT4/MT5 and cTrader platforms.
- 2Interactive Brokers provides access to 17000 instruments, far more than FxPro.
- 3FxPro provides 24/5 live chat; Interactive Brokers does not.
Who should choose FxPro vs Interactive Brokers?
Find out which broker best suits your trader profile.
Choose FxPro if…
Choose FxPro if you want MT4/MT5 and cTrader access. You also benefit from 24/5 live chat support.
Choose Interactive Brokers if…
Choose Interactive Brokers if you want access to 17000 instruments. You also get a proprietary Web/Mobile platform.
Verdict by Trader Profile
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
Best for low cost trading
Recommended
Interactive Brokers offers tighter spreads from 0.20 pips vs 1.20 pips for FxPro, reducing trading costs.
Best for safety & regulation
It’s a tie
Both equally suited
FxPro vs Interactive Brokers: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 4.3/ 5 | 4.6/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.4 / 5 | 4.8 / 5▲ |
FxPro vs Interactive Brokers Forex Broker Pros & Cons
Pros
Supports all four major platforms: MT4, MT5, cTrader, and proprietary
Strong FCA and CySEC regulation
No dealing desk execution on raw accounts
Negative balance protection
Client funds held in segregated accounts
FxPro vs Interactive Brokers: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
2
FxPro
criteria wins
0
Interactive Brokers
criteria wins
Highlighted rows show where the two brokers differ
| Criteria | FxPro | Interactive Brokers |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Pass | Pass |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Pass | Pass |
| Compensation scheme (e.g. FSCS) | Pass | Pass |
| Fees & Spreads | ||
| Raw/ECN spreads available | Pass | Pass |
| No deposit fee | Pass | Pass |
| No inactivity fee | Pass | Pass |
| Transparent pricing page | Pass | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Pass | Fail |
| Proprietary platform | Pass | Pass |
| Mobile app | Pass | Pass |
| Advanced charting tools | Pass | Pass |
| Customer Support | ||
| 24/5 live chat | Pass | Fail |
| Phone support | Pass | Pass |
| Multilingual support | Pass | Pass |
FxPro vs Interactive Brokers: Frequently Asked Questions
The scores are close: FxPro rates 4.3/5 and Interactive Brokers rates 4.6/5. Interactive Brokers has a marginal edge in our scoring, but the difference is small enough that your specific priorities — fees, platforms, or regulatory jurisdiction — should guide the final choice.
Interactive Brokers starts from 0.2 pips, tighter than FxPro's 1.2 pips. Tighter spreads lower the cost per trade, which matters most for high-frequency and scalping strategies.
Interactive Brokers has no minimum deposit, while FxPro requires at least $100. This makes Interactive Brokers more accessible for traders with limited starting capital.
Both FxPro and Interactive Brokers hold licences from top-tier regulators, indicating a high standard of regulatory oversight. Check each broker's specific regulatory bodies to confirm coverage in your jurisdiction.
For beginners, two factors stand out: Interactive Brokers has no minimum deposit, removing the capital barrier entirely, and both brokers provide negative balance protection. Also compare demo account availability and educational resources before deciding.
FxPro lists maximum leverage of 500:1, while Interactive Brokers lists up to 50:1. Available leverage depends on your jurisdiction. EU retail clients under ESMA rules are capped at 1:30 on major forex pairs.
Interactive Brokers charges $2 per lot, lower than FxPro's $7 per lot. Lower commissions benefit active traders who execute many trades per day.
FxPro supports cTrader, MetaTrader 5, Proprietary Web/Mobile, MetaTrader 4, while Interactive Brokers supports Trader Workstation (TWS), Proprietary Web/Mobile. Both provide Proprietary Web/Mobile. FxPro has exclusive access to cTrader and MetaTrader 5 and MetaTrader 4. Interactive Brokers has exclusive access to Trader Workstation (TWS).
