FxPro vs Interactive Brokers 2026: Which Broker is Better?

Regulation & Safety

FxPro, established in 2006, is headquartered in London and is regulated by several reputable bodies including the Financial Conduct Authority (FCA) in the UK, CySEC in Cyprus, and ASIC in Australia. This array of regulation ensures a high level of safety and credibility. FxPro offers negative balance protection, ensuring traders cannot lose more than their account balance, a critical aspect for retail traders.

Interactive Brokers, founded in 1978 and headquartered in Greenwich, USA, boasts an impressive regulatory portfolio, being overseen by the SEC and CFTC in the USA, FCA in the UK, MAS in Singapore, and ASIC in Australia. This extensive regulation across several major financial jurisdictions makes Interactive Brokers a highly secure choice. However, unlike FxPro, they do not explicitly offer negative balance protection, which could be a consideration for risk-averse traders.

Fees & Spreads

FxPro offers spreads starting from 0.6 pips with no commission fees, making it a straightforward option for traders who prefer to avoid commission-based trading. The minimum deposit required is $100, which is reasonable for retail traders but could be considered a barrier for absolute beginners. FxPro offers a leverage of up to 1:500, providing opportunities for higher exposure with a smaller capital outlay.

Interactive Brokers provides some of the lowest spreads in the industry, starting from 0.2 pips. The commission is exceptionally low at 0.005, making it an attractive option for high-frequency traders. With no minimum deposit requirement, Interactive Brokers is accessible to a broader range of traders. However, leverage is capped at 1:4, which may not suit traders looking to maximise their exposure. Additionally, there is an inactivity fee for accounts with low balances, which could deter less active traders.

Trading Platforms

FxPro supports MetaTrader 4 and MetaTrader 5, as well as its proprietary web and mobile platforms. This variety offers flexibility and caters to both beginners and advanced traders. In contrast, Interactive Brokers relies on its proprietary web and mobile platforms, which are robust and highly sophisticated, ideal for professional traders seeking advanced analytical tools. However, this complexity can be daunting for beginners.

Who Should Choose FxPro?

• Traders seeking negative balance protection.
• Forex traders who prefer using MT4 or MT5.
• Traders comfortable with a $100 minimum deposit.
• Those wanting high leverage options up to 1:500.

Who Should Choose Interactive Brokers?

• Professional traders requiring access to 150+ markets.
• Cost-sensitive traders who prioritise low spreads and commissions.
• Traders who do not mind a complex platform.
• Investors interested in trading across multiple international markets.

Our Verdict

For beginners, FxPro is more suitable due to its user-friendly platforms and negative balance protection. For professional traders, Interactive Brokers stands out with its low fees and advanced trading tools. On fees, Interactive Brokers is the clear winner with its minimal spreads and commissions.