Compare AAAFx vs IronFX - Trading Brokers Comparison

Compare AAAFx vs IronFX

AAAFx vs IronFX Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$300MT4, ZTP55+HCMC
$100MT4200+FCA, ASIC, CySEC, FSCA

AAAFx and IronFX Comparison

Both brokers offer ECN trading. AAAFx in general only provides this kind of trading, while IronFX offers a range of accounts based on other types of trading. IronFX can offer more markets to trade. Both have Cryptocurrency CFDs available.

These brokers each offer MT4 and have web traders. AAAFx is regulated by the HCMC in Athens. IronFX is regulated by the FCA in the United Kingdom, the ASIC in Australia, the CySEC in Cyprus and the FSCA in South Africa.

Quick comparison

IronFX has a range of account types, including STP/ECN, AAAFx is an ECN broker.

Account types and minimum deposit

The minimum deposit for AAAFx is $300 or €250 or £200 or ¥35,000 or AU$370. The minimum deposit for IronFX is $100 (STP/ECN minimum deposit is $500).

  • AAAFx offers CFD trading. AAAFx provides an Islamic account. For deposits higher than $100,000, AAAFx offers Institutional accounts, which have lower commission charges.
  • IronFX offers a range of account types and services. These include a Micro account which has a minimum deposit of $100, a Premium account with a minimum deposit of $2,500 and a VIP account with a minimum deposit of $20,000. These three account types are available with fixed or variable spreads and the spreads can be tighter on higher account types. The minimum trade size is 0.01 lots except for the Premium and VIP accounts where it is 0.1 lots.
  • IronFX also offers a Zero Fixed Spread account. This provides zero spreads for some markets, with commissions charged. As well, IronFX offers STP/ECN accounts with or without commissions. It also has an STP/ECN Absolute Zero account, with spreads from zero, with no commission charge. For the Zero Fixed Spread account and the STP/ECN account, the minimum deposit is $500. The minimum deposit for the Absolute Zero account is upon request to the account manager.
  • All IronFX accounts offer a dedicated account manager, technical analysis reports, investor education tools and private one-on-one trading guidance. The Premium, VIP, STP/ECN No Commission and STP/ECN Zero Spread accounts also offer a dealing department transaction hotline.

Markets

  • AAAFx offers Forex, Indices, Energy, Metals, Cryptocurrencies and Bonds, with 55+ available.
  • IronFX offers Forex, Indices, Energy, Metals, Cryptocurrencies, Soft Commodities and Shares, with 200+ available.

IronFX has more Currency Pairs available, with 120+ available versus 35+ for AAAFx.

Cryptocurrency CFDs

  • AAAFx offers Bitcoin, Ethereum, Litecoin, Ripple and Bitcoin Cash.
  • IronFX offers Bitcoin, Ethereum, Litecoin, Ripple and ADA.

Leverage and spreads

Maximum leverage for AAAFx is . Maximum leverage for IronFX (FCA or CySEC regulated) is .

  • Spreads at AAAFx are variable and are from 0.2 for EUR/USD, 1 for UK100, 0.34 for Gold and 0.05 for US Oil.
  • The spreads IronFX makes available to traders can vary depending on the account type. The fixed spreads of the Micro Account are 2.2 for EUR/USD and 0.5 for Gold (XAU/USD), but EUR/USD has a fixed spread of 1.6 on the VIP account. The variable spreads for the Micro account are from 1.1 for EUR/USD and from 0.5 for Gold. The variable EUR/USD spread has a low of 0.5 on the VIP account.
  • UK100 on IronFX has a variable spread from 0.8 and US Crude Oil has a variable spread from 0.04. The lowest possible spread for EUR/USD is 0 and for XAU/USD is 0.15, with a commission charge. The Absolute Zero account has ECN spreads, without a commission charge.

Commission charge

  • AAAFx charges a commission of $10 per lot per side for Forex and $8 for CFDs. It is possible to request no commissions trading, with a resulting increase in spreads. The Institutional account charges commissions of $3 per lot per side for transaction where USD is the currency base.
  • IronFX's commission charges are from $6.75 per lot per side for Forex.

Platform

Both brokers offer MT4, desktop and apps. AAAFx provides a web trader, ZTP. IronFX offers a web trader based on MT4.

Why AAAFx or IronFX ?

AAAFx is an ECN MT4 broker, offering a core group of markets to trade. IronFX has a range of account types to trade on MT4, including STP/ECN. AAAFx also provides the ZTP web trader (IronFX has a web trader based on MT4).

Comparison summary

  • Both brokers offer ECN trading, with low spreads plus a commission charge
  • IronFX can provide a range of account types, including non-ECN trading
  • IronFX can offer more markets to trade
  • Both have MT4 and web traders
  • These are regulated brokers
  • Each has Cryptocurrency CFDs
  • IronFX has a wider range of markets

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