Graphene FX and FX Pro are two of the most popular and leading forex brokerage firms right now. They are well-known for their highly effective customer services and impressively educational materials which have helped them earn a wide range of customers from all over the world.
Graphene FX was established in 2012 and has a lesser level of experience as compared to FX Pro which was founded in 2006. However, despite being relatively new, Graphene FX has emerged as a powerful and reliable forex broker among the forex brokers’ business.
So today we have decided to compare these two brokers based on the following traits of a forex broker, to see what qualities they share and what they offer differently?
Since FX Pro is an older firm, they have more regulations as compared to Graphene FX. FX Pro is an award-winning forex broker regulated by the Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), and Securities Commission of the Bahamas (SCB). Moreover, they offer clients’ funds protection under the Financial Services Compensation Scheme (FSCS). On the other hand, Graphene FX is also licensed and regulated by the National Futures Association (NFA). On top of that, they also offer balance protection for their clients’ funds and prioritize customers’ needs by providing instant money transfers, and transparency in their dealings.
- Spreads and other charges:
The trading charges for the services these online brokerages provide are based on many different factors. For instance, the charges at FX Pro include commission and an average spread of 1.51 pips with a minimum deposit amount of $100. They do not charge any withdrawal fee and offer swap-free account options as well. They have many account types that have different prices depending on their services.
For a standard account type at Graphene FX, the spread charges start from 0.1 pips and their account minimum is also $100. They do not charge commissions and withdrawal fees, in addition to that they offer a deposit bonus of 20% and also have an Islamic account option available. This is where Graphene FX has an upper hand as compared to FX Pro.
- Trading Platforms:
FX Pro offers multiple trading platforms as compared to Graphene FX, which do not offer much variety. However, the trading platforms MT4 and MT5 are the most popular and widely used among forex investors, which are offered by both Graphene FX and FX Pro. These platforms have all the tools and features an investor might need. Additionally, FX Pro also has its proprietary platform called FX Pro Edge, and apart from MT4 and MT5, also offers cTrader platform.
- Trading Instruments:
Both forex brokers offer all the major trading instruments and have enough variety for the customers to choose from. Graphene FX offers forex, stocks, indices, cryptocurrencies, commodities, and metals. Whereas, FX Pro offers forex, futures, indices, shares, metals, energies, and cryptocurrencies.
- Learning Materials:
When it comes to offering educational support to their customers for their skill development, both brokers are doing extremely well in this area. Graphene FX and FX Pro provide great quality learning material including videos, updates, trading courses, and an economic calendar.
- Customer Support:
FX Pro has won awards for its excellent customer support that is available in multiple languages through email, live chat, and calls. However, a little drawback is that their support is available only 25/5. On the other hand, Graphene FX is also very well-known for its top-notch customer services and consultancy that is available 24/7 via email, live chat, phone call, and WhatsApp, also in multiple languages.
We would like to conclude on this thought that both brokers have made efforts to provide something new and better for their customers. For example, if FX Pro has its widely known proprietary platform, then Graphene FX has better trading charges and customer services along with an exclusive feature of Savior Card for their customers. So, it is up to an individual’s personal needs that will help them decide which forex broker works best with them.