ARMO Broker
FxPro
Basic data of broker
Recommended for Investors and traders from Europe interested in global markets
Recommended for Forex and CFD traders looking for a broker with great account opening and familiar with MetaTrader platform
Germany
Cyprus
Fees
Low stock and ETF fees but high forex, options and futures fees
Average trading and non-trading fees, high CFD fees
Stock and ETF fees
Forex fees
Fund fees
Bond fees
Options fees
Futures fees
Crypto fees
CFD fees
Non-trading fees
Deposit and withdrawal
20
8
Deposit type
Withdrawal type
Account opening
$1980
$100
1-3 days
1 day
Proof of identity: passport, ID card, driver's license Proof of address: bank statement, utility bill, registration certificate, credit card bill
Proof of identity: passport / driver's license Proof of residency: bank statement / utility bill
Trading platform
Markets and products
Disclaimer: 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Disclaimer: 79.27% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Research, education
Great
Mid-range
Customer service
Security
€20,000
£85,000 for cliens under FCA, €20,000 under CySEC, no protection under Bahamas
2019
2006
USA, Ireland, UK, Luxembourg, Hungary, India, Australia, Canada, Japan, Hong Kong, Singapore
Cyprus, UK, Bahamas, South Africa
For detailed information and hands-on experience, read our review of this broker.
For detailed information and hands-on experience, read our review of this broker.
Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.
ARMO Broker's service is on par with FxPro's and a comparison of their fees shows that ARMO Broker's fees are similar to FxPro's.
Account opening takes considerably more effort at ARMO Broker compared to FxPro, deposit and withdrawal processes are somewhat more complicated at ARMO Broker, while customer service quality is somewhat lower than FxPro's.
Our experts rated the trading platform of ARMO Broker as being of the same quality as the platform of FxPro, found that clients have access to much more markets and products with ARMO Broker, while FxPro provides somewhat lower-quality research and education.