Compare FxPro vs SimpleFX
What is FxPro? What is SimpleFX?
FxPro is an online broker that provides trading services in forex, shares, futures, metals, and indices. SimpleFX is also an online broker that provides trading services in forex, cryptocurrencies, indices, commodities, and precious metals.
FxPro vs SimpleFX Overall Comparison
In terms of overall comparison, FxPro has a more established reputation in the industry, having been around since 2006, and offers a wider range of trading assets. SimpleFX is a newer broker, having started operations in 2014, but offers trading in popular cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.
FxPro vs SimpleFX Regulation Comparison
Both FxPro and SimpleFX are regulated by reputable financial authorities. FxPro is regulated by the UK’s Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC), while SimpleFX is registered and operates under the laws of Saint Vincent and the Grenadines.
FxPro vs SimpleFX Trading Assets Comparison
FxPro offers trading in forex, shares, futures, metals, and indices. SimpleFX offers trading in forex, cryptocurrencies, indices, commodities, and precious metals.
FxPro vs SimpleFX Trading Fees Comparison
FxPro’s fees are generally higher than SimpleFX’s fees. For example, FxPro charges a minimum spread of 0.5 pips on the EUR/USD currency pair, while SimpleFX charges a minimum spread of 0.1 pips.
FxPro vs SimpleFX Account Types Comparison
Both FxPro and SimpleFX offer a range of account types to suit the needs of different traders. FxPro offers four account types – MT4, MT5, cTrader, and FxPro Markets – while SimpleFX offers one account type but allows traders to use multiple platforms.
FxPro vs SimpleFX Trading Conditions Comparison
FxPro’s trading conditions include fast execution, negative balance protection, and low latency. SimpleFX also offers fast execution and low latency, but doesn’t offer negative balance protection.
FxPro vs SimpleFX Deposit Options Comparison
FxPro offers various deposit and withdrawal options such as credit/debit card, bank transfer, and e-wallets like PayPal and Skrill. SimpleFX offers deposits and withdrawals in bitcoin and a few other cryptocurrencies.
FxPro vs SimpleFX Trading Platforms Comparison
FxPro offers three trading platforms – MT4, MT5, and cTrader – while SimpleFX offers multiple platforms, including its own proprietary platform, MetaTrader 4, and MetaTrader 5.
FxPro vs SimpleFX Analytical Tools Comparison
FxPro offers a range of analytical tools, including economic calendars, trading calculators, and market analysis. SimpleFX also offers an economic calendar, technical analysis, and fundamental analysis.
FxPro vs SimpleFX Educational Resources Comparison
FxPro offers various educational resources such as articles, webinars, and video tutorials. SimpleFX also offers educational resources such as ebooks, video tutorials, and a trading academy.
Which offers better pricing – FxPro or SimpleFX
In terms of pricing, SimpleFX offers better pricing as their spreads are generally lower than FxPro’s spreads. For example, SimpleFX’s minimum spread for the EUR/USD currency pair is 0.1 pips, while FxPro’s minimum spread is 0.5 pips.
Which broker offers more security when trading Forex and CFDs?
Both FxPro and SimpleFX offer a high level of security when trading forex and CFDs. FxPro is regulated by the UK’s Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC), while SimpleFX is registered and operates under the laws of Saint Vincent and the Grenadines.
Which broker offers the superior trading platform?
FxPro offers three trading platforms – MT4, MT5, and cTrader – while SimpleFX offers multiple platforms, including its own proprietary platform, MetaTrader 4, and MetaTrader 5. The choice of which platform is superior depends on the individual trader’s preferences and needs.
Do these brokers both offer MetaTrader?
Yes, both FxPro and SimpleFX offer MetaTrader as one of their trading platforms.
How many Forex pairs can you expect from these brokers?
FxPro offers a wide range of forex pairs, with over 70 currency pairs available for trading. SimpleFX offers around 60 forex pairs for trading.
Is it safe to trade with FxPro?
Yes, it is safe to trade with FxPro as they are a regulated and reputable broker with a long track record in the industry.
Is it safe to trade with SimpleFX?
Yes, it is generally safe to trade with SimpleFX, but their regulation by the Financial Services Authority (FSA) of Saint Vincent and the Grenadines is less robust than some other regulatory bodies.
Is FxPro a good broker?
FxPro is generally considered a good broker due to their robust regulatory oversight, wide range of trading assets, and well-regarded trading platforms.
Is SimpleFX a good broker?
SimpleFX is also considered a good broker due to their competitive pricing, innovative approach to trading in cryptocurrencies, and intuitive trading platforms. However, traders should be aware of the less robust regulation in Saint Vincent and the Grenadines.
FxPro vs SimpleFX. Which forex broker is better? Which forex broker should you choose?
Deciding which forex broker is better between FxPro and SimpleFX ultimately depends on your individual trading needs and preferences. Here are some key points to consider:
- FxPro has over a decade of experience in the industry and is regulated by both the FCA and CySEC, which are reputable financial authorities. SimpleFX, on the other hand, is a newer broker that is registered and operates under the laws of Saint Vincent and the Grenadines, which some traders may consider as less robust regulation.
- In terms of trading assets, FxPro offers a wider range of assets for trading compared to SimpleFX, including shares, futures, metals, and indices. SimpleFX’s strength lies in its trading of popular cryptocurrencies such as Bitcoin, Ethereum, and Litecoin.
- Both FxPro and SimpleFX offer multiple trading platforms, including the ever-popular MetaTrader platform, but FxPro has the additional option of the cTrader platform.
- When it comes to fees and costs, SimpleFX tends to have lower spreads and is generally less expensive to trade on compared to FxPro.
Overall, either broker can be a good choice depending on your specific trading needs. Those who prioritize regulation and a wider range of trading assets may prefer FxPro, while those who prioritize lower fees and trading in cryptocurrencies may prefer SimpleFX. It is important to compare the different features, tools, and offerings of both brokers and to pick the one that aligns best with your trading goals and preferences.
