Advertising Disclosure
Admiral Markets vs FxPro
-
Updated:
Compare Admiral Markets vs FxPro Side by Side
Unsure whether to choose Admiral Markets vs FxPro and wonder which broker suits your needs more? Read our detailed comparison guide of Admiral Markets and FxPro Review, which includes a comparison of the safety and licenses, trading conditions with fees, trading platforms, instruments, deposit & withdrawal conditions, and all the essential details compared side by side.
Summary
| Feature | Admiral Markets | FxPro |
|---|---|---|
| Website | //admiralmarkets.com | //www.fxpro.com |
| Founded year | 2001 | 2006 |
| Headquarter | UK | UK |
| Licenses | UK, Estonia, Cyprus, Australia, Canada, Jordan, South Africa | UK, Cyprus, South Africa, Bahamas, Mauritius |
| Minimum Deposit | US$ 100 | 100 US$ |
| Trading Platforms | MT4, MT5 | MT4, MT5, cTrader, FxPro Edge |
| Eurusd avg Spread | 0.6 pips | 0.9 pips |
Licenses
| Feature | Admiral Markets | FxPro |
|---|---|---|
| Licenses Countries Info (short) |
|
|
Admiral Markets and FxPro are both esteemed brokerage firms, subject to rigorous regulation by established financial authorities, assuring traders a secure and equitable trading environment. Their regulatory oversight extends to authorities in the UK, Australia, and several international jurisdictions, enabling them to serve clients worldwide. Notably, one key distinction is that Admiral Markets is authorized to offer its services in Canada.
Broker Types
| Feature | Admiral Markets | FxPro |
|---|---|---|
| Broker types |
|
|
FxPro operates as a hybrid broker, combining STP and ECN functionalities, carving out a unique niche in the highly competitive trading environment. In contrast, Admiral Markets operates as an STP Broker, channeling traders’ orders directly to liquidity providers without acting as a counterparty. This approach often leads to swifter execution and the possibility of reduced spreads, making it a preferred option for traders seeking direct market access.
Trading Conditions
| Feature | Admiral Markets | FxPro |
|---|---|---|
| Trading Conditions |
|
|
The brokers share similar trading conditions, making them both appealing to beginners. They offer features such as high leverage, tight spreads, automated trading, hedging, scalping, and social trading. However, Admiral Markets differentiates itself with commission options, zero spreads, and a comprehensive array of trading tools. On the other hand, FxPro places a strong emphasis on low spreads and provides fixed spread accounts, offering competitive pricing alternatives. Both brokers are equipped to support expert advisors and accommodate traders with a wide range of preferences.
Fees & Commissions
| Fees & Commissions | Admiral Markets | FxPro |
|---|---|---|
| Inactivity Feemonth | €10 | 15 $ |
| Deposit fee | $0 | 0 $ |
| Withdrawal fee | $0 | 0 $ |
| Rollover fee eurusd buy 1 lot | 1.06353 | -4.8665 |
| Rollover fee eurusd sell 1 lot | 1.06347 | 0.7254 |
| Avg Eurusd standard acc | 0.6 pips | 0.9 pips |
| Gold | 17 cents | 1619 |
| Brent oil | 3 pips | 88 |
| Bitcoin | 50 | 20155 |
Both brokers provide attractive fee structures featuring low spreads and no commissions, making them cost-effective choices for traders. It’s important to note that both Admiral Markets and FxPro have non-trading fees as well. Admiral Markets imposes a $10 inactivity fee, while FxPro levies a slightly higher $15 inactivity fee, which traders should be aware of when considering their trading options.
Account Types
| Feature | Admiral Markets | FxPro |
|---|---|---|
| Account types |
|
|
Admiral Markets offers standard accounts as well as customized options suited to corporate needs. In contrast, FxPro provides a wide range of trading account choices, thoughtfully crafted to cater to a variety of trading preferences. Both brokers feature competitive spreads and the valuable advantage of a demo account, enabling novice traders to hone their skills efficiently. Furthermore, both brokers extend the option of Islamic accounts, accommodating traders who follow Sharia principles and wish to engage in currency trading on their platforms.
Markets & Instruments
| Markets & Instruments | Admiral Markets | FxPro |
|---|---|---|
| Forex | 80 | 70 |
| Indices | ✔️ | 19 |
| Commodities | 29 | 7 |
| Cryptocurrencies | 20+ | 4 |
| Shares | ✔️ | 134 |
| Bonds | 2 | ❌ |
| Options | ❌ | ❌ |
| Binary options | ❌ | ❌ |
| Spread betting | ✔️ | ✔️ |
| Treasuries | ❌ | ❌ |
| Futures | ❌ | ❌ |
| Etfs | 240 | ❌ |
Admiral Markets boasts a significantly more diverse range of market offerings with a substantially larger number of available instruments compared to FxPro. Notably, in addition to its comprehensive array of options, Admiral Markets provides access to Shares and ETFs. Furthermore, both brokers extend the feature of Spread Betting to their clients in the UK, enhancing their service offerings in this region.
Trading Platforms
| Feature | Admiral Markets | FxPro |
|---|---|---|
| Platforms |
|
|
FxPro provides a wider array of trading platforms, encompassing MT4, MT5, cTrader, and their in-house platform. In contrast, Admiral Markets exclusively offers MT4 and MT5, making FxPro a more versatile choice for traders seeking a variety of platform options.
Deposit & Withdrawal Methods
| Feature | Admiral Markets | FxPro |
|---|---|---|
| Payment methods |
|
|
Both Admiral Markets and FxPro offer multiple convenient transaction methods, enabling clients to fund their accounts through credit/debit card transfers as well as bank transfers, providing flexibility and ease in managing their financial transactions.
Others
| Feature | Admiral Markets | FxPro |
|---|---|---|
| Others |
|
|
Both brokerage firms excel in providing exceptional customer support channels, encompassing telephone, live chat, and email assistance, with Admiral Markets offering around-the-clock support. Furthermore, both brokers offer a wealth of educational resources for traders, ranging from informative video tutorials, comprehensive guides, in-depth trading courses, enlightening webinars, and a multitude of other educational materials, enhancing their clients’ learning and trading experiences significantly.
Conclusion on FxPro vs Admiral Markets
In conclusion of Admiral Markets vs FxPro comparison Review, Admiral Markets is ideal for advanced traders with its advanced tools and scalping options, while FxPro stands out for its wide range of trading platforms, particularly in cryptocurrencies, and competitive spreads, making it a solid choice for diverse traders. Here is our final recommendation:
- Admiral Markets — 🥇Best Broker for Autotrading that helps traders improve their own trading strategies.
- FxPro — 🥇Best Broker for Spread Betting for offering a great variety of platforms