Comparison of FxPro and GMG Markets
| Feature | FxPro | GMG Markets |
|---|---|---|
| Broker | ||
| Year Founded | 2006 | 2015 |
| Broker Type | STP, MM | STP |
| Dealing | A-book, B-book | A-book |
| Execution | Instant, Market | Market |
| Regulation | FCA, CySEC, FSCA, SCB | FCA |
| Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, FxPro Edge | MetaTrader 5 (MT5) |
| Spread | ⬊ Low | ⬊ Low |
| Maximum Leverage | 1:500 | 1:30 |
| Minimum Deposit | $1 | $100 |
| Base Currencies | USD, EUR, GBP, AUD, CHF, JPY, ZAR, PLN | USD, EUR, GBP |
| Funding Methods | Bank Wire, Credit Card, Debit Card, Skrill, PayPal, Neteller, Perfect Money, Tether (USDT), Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), USD Coin (USDC) | Bank Wire, Visa, Mastercard |
| Inactivity Fee | $10 after 6 months | ✖ |
| Interest on Margin | ✖ | ✖ |
| Withdrawal Fee | ✖ | ✖ |
| Investor Protection | UK Financial Services Compensation Scheme (FSCS), Investor Compensation Fund (ICF) | Financial Services Compensation Scheme (FSCS) |
| Protection Size | £85 000 / €20 000 | £85 000 |
| Segregated Accounts | ✔ | ✔ |
| Negative Balance Protection | ✔ | ✔ |
| Guaranteed Stop Loss | ✖ | ✖ |
| Copy Trading | ✖ | ✖ |
| VPS | ✔ | ✔ |
| MAM/PAMM | ✖ | ✖ |
| Scalping Allowed | ✔ | ✔ |
| EAs/Robots | ✔ | ✔ |
| Depth of Market (DOM) | ✔ | ✔ |
| Tradable Assets (CFDs) | Currencies, Indices, Stocks, Cryptocurrencies, Metals, Energies, Soft Commodities | Currencies, Commodities (metals, energies), Indices |
| Review | FxPro Review | GMG Markets Review |
About FxPro
FxPro is a well-established forex and CFD broker that has been serving traders since 2006. Headquartered in the UK, the company has expanded its reach to over 170 countries, catering to both retail and institutional clients. FxPro offers access to a wide range of markets, including forex, shares, indices, metals, energies, and cryptocurrencies, through multiple trading platforms such as MetaTrader 4, MetaTrader 5, cTrader, and its proprietary FxPro Edge. Regulated by top-tier financial authorities like the UK's Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), and the Financial Sector Conduct Authority (FSCA) in South Africa, FxPro emphasizes security and transparency. The broker provides competitive spreads, fast execution speeds, and a variety of account types to suit different trading strategies. Additionally, FxPro offers comprehensive educational resources and market analysis tools to support traders at all levels.
Pros
- Regulated by multiple reputable authorities (FCA, CySEC, FSCA)
- Offers a wide range of trading instruments across various asset classes
- Provides multiple trading platforms (MT4, MT5, cTrader, FxPro Edge)
- Competitive spreads with fast execution speeds
- Negative balance protection and segregated client funds
- Extensive educational resources and market analysis tools
- Multilingual customer support available 24/5
Cons
- Limited promotions or bonus offerings
- Inactivity fees may apply to dormant accounts
- Customer support is not available on weekends
About GMG Markets
GMG Markets is the trading brand of Global Markets Group Limited, an FCA-authorised firm based in the UK. The broker focuses on a simple, two-account setup on MetaTrader 5: a commission-free Standard account with spreads from about 1 pips, and a Raw Spread account with 0.0-pip pricing plus a fixed $7 round-turn commission. The UK entity offers a focused product list across forex, indices, and commodities, with maximum retail leverage capped at 1:30.
Pros
- UK FCA supervision; segregated client funds; potential FSCS protection up to £85,000
- Free VPS offering for automated strategies
- No broker fees for deposits/withdrawals; no inactivity fee reported
Cons
- Platform choice limited to MT5
- No copy/social trading
- Crypto-CFDs unavailable to UK retail clients; share/ETF CFDs not offered on UK site
FxPro & GMG Markets Regulation
| Feature | FxPro | GMG Markets |
|---|---|---|
Companies | FXPRO UK Limited, FXPRO Financial Services Ltd, FXPRO Financial Services Ltd, FxPro Global Markets Ltd | Global Markets Group Limited |
Countries | United Kingdom, Cyprus, Bahamas | United Kingdom |
Regulators | FCA, CySEC, FSCA, SCB | FCA |
Investor Protection | UK Financial Services Compensation Scheme (FSCS), Investor Compensation Fund (ICF) | Financial Services Compensation Scheme (FSCS) |
Investor Protection Size | £85 000 / €20 000 | £85 000 |
Publicly Traded | ||
Segregated Accounts | ||
Guaranteed Stop Loss | ||
Negative Balance Protection |
Account Types
| Account | FxPro | GMG Markets |
|---|---|---|
Market Maker Account | ||
| Account Name | Standard | — |
| Min Deposit | $1 | — |
| Lot Size | 0.01 | — |
| Spread Type | Floating | — |
| Execution | Market | — |
| Min Spread | 1.2 | — |
| Fee | No | — |
| Max Leverage | 1:500 | — |
| Stop Out | 20% | — |
| Margin Call | 25% | — |
STP Account | ||
| Account Name | Raw+ | Standard |
| Min Deposit | $250 | $100 |
| Lot Size | 0.01 | 0.01 |
| Spread Type | Floating | Floating |
| Execution | Market | Market |
| Min Spread | 0 | 1 |
| Fee | $7 per 1 lot | No |
| Max Leverage | 1:500 | 1:30 |
| Stop Out | 20% | 50% |
| Margin Call | 25% | 100% |
Zero Account | ||
| Account Name | — | Raw Spread |
| Min Deposit | — | $1200 |
| Lot Size | — | 0.01 |
| Spread Type | — | Floating |
| Execution | — | Market |
| Min Spread | — | 0.0 |
| Fee | — | $7 per 1 lot |
| Max Leverage | — | 1:30 |
| Stop Out | — | 50% |
| Margin Call | — | 100% |
| Additional Features | ||
| Demo Account | ||
| VIP Account | ||
| Swap-Free Account | ||
| Copy Trading | ||
| VPS | ||
| PAMM/MAM Accounts | ||
Funding and Fees
| Feature | FxPro | GMG Markets |
|---|---|---|
Base currencies | USD, EUR, GBP, AUD, CHF, JPY, ZAR, PLN | USD, EUR, GBP |
Deposit and withdrawal methods | Bank Wire, Credit Card, Debit Card, Skrill, PayPal, Neteller, Perfect Money, Tether (USDT), Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), USD Coin (USDC) | Bank Wire, Visa, Mastercard |
Inactivity fee | $10 after 6 months | |
Interest on margin | ||
Withdrawal fee |
Trading Platforms and Conditions
| Feature | FxPro | GMG Markets |
|---|---|---|
Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, FxPro Edge | MetaTrader 5 (MT5) |
Execution Speed | 14 ms | - |
Scalping | ||
Expert Advisors (EAs) | ||
Depth of Market (DOM) | ||
Spread | low | low |
Trading Assets
| Asset | FxPro | GMG Markets |
|---|---|---|
Currencies | 69 | 64 |
Indices | 29 | 17 |
Stocks | 1971 | 0 |
Cryptocurrencies | 28 | 0 |
Bonds | 0 | 0 |
Metals | 13 | 13 |
Energies | 6 | 3 |
Soft Commodities | 7 | 0 |
ETFs | 0 | 0 |
Education and Analytics
| Feature | FxPro | GMG Markets |
|---|---|---|
Economic Calendar | ||
Indicators | ||
Robots | ||
Signals | ||
Autochartist | ||
Expert Analytics | ||
News Feed | ||
Education Articles | ||
Webinars | ||
Seminars |
Customer Support
| Contact | FxPro | GMG Markets |
|---|---|---|
Email | support@fxpro.com | info@gmgmarkets.co.uk |
Phone | +4402031515550 | +442038653306 |
Telegram | Telegram | — |
Facebook | ||
LinkedIn | ||
YouTube | YouTube | — |
Instagram | — | |
Twitter | — |
Which Broker is Better?
After comparing FxPro and GMG Markets, FxPro comes out ahead as our overall pick. It ranks higher in our internal scoring and delivers a stronger balance of pricing (spreads/fees), platform experience, and product range. That said, the runner-up may still be a better fit if you prioritize specific needs—like a particular account type, funding method, or niche instruments. This is not financial advice; always choose a broker that matches your goals and local regulatory requirements.
More Comparisons
FxPro Comparisons
GMG Markets Comparisons
Andriy Bondarenko
Broker Analyst
Andriy is a seasoned expert in broker reviews with over a decade of experience in finance and trading. Under his leadership, the team produces in-depth and unbiased analyses of leading trading platforms.