AvaTrade vs IronFX - Trading Brokers Comparison

AvaTrade vs IronFX | Online Brokerage Comparison

AvaTrade vs IronFX Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100MT4, AvaOptions250+CBI, FSC, ASIC, FSCA, FSA & FFAJ
$100MT4200+FCA, CySEC, ASIC, FSCA

AvaTrade vs IronFX Comparison

These brokers both offer MetaTrader 4 (MT4) and allow the use of Expert Advisors (EAs). EAs are automated trading strategies which execute trades on behalf of the trader.

AvaTrade has a wider range of markets to trade, which includes FX Options. These are traded on a separate platform, AvaOptions.

While each has CFD trading, in the UK AvaTrade additionally provides MT4 spread betting.

AvaTrade is regulated by the CBI in Ireland, the ASIC in Australia, the FSCA in South Africa, the FSA and the FFAJ in Japan and the FSC in the British Virgin Islands.

IronFX is regulated by the FCA in the United Kingdom, the CySEC in Cyprus, the ASIC in Australia and the FSCA in South Africa.

Quick comparison

Both offer MT4 trading, while AvaTrade also provides AvaOptions, a platform for FX Options trading.

Minimum deposit and key account features

The minimum deposit for AvaTrade is $/€/£100. The minimum deposit for IronFX is $100.

  • AvaTrade offers an Economic Calendar on its web site, AutoChartist (for a $500 minimum deposit) and Sharp Trader (which has education and analysis). Additionally AvaTrade allows the trader to use DupliTrade and ZuluTrade, which support copy trading.
  • IronFX provides 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 manger, 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

  • AvaTrade offers spread betting (in the UK), in Forex, Indices, Energy, Metals and Cryptocurrencies, with 40+ available.
  • AvaTrade offers CFD trading in Forex, Indices, Energy, Metals, Cryptocurrencies, Stocks, Soft Commodities, ETFs, Options and Bonds, with 200+ available.
  • IronFX offers CFD trading in Forex, Indices, Energy, Metals, Cryptocurrencies, Stocks and Soft Commodities, with 200+ available.

Cryptocurrency CFDs

  • AvaTrade provides Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, DASH, EOS, Stellar and Bitcoin Gold.
  • IronFX provides Bitcoin, Ethereum, Litecoin, Ripple and ADA.

Spreads and leverage

  • IronFX can offer low Forex spreads plus a commission charge. AvaTrade can offer Forex spreads from 0.9 without a commission charge, while IronFX can offer Forex spreads from 0.5 without a commission charge (on its VIP account).

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

Platforms

AvaTrade offers MT4 and AvaOptions as well as apps. IronFX provides MT4 and apps.

Why AvaTrade or IronFX ?

Both brokers allow the trader to execute automated trading strategies (MT4 EAs). AvaTrade has a wider range of markets, including FX Options which are available on a separate trading platform. Traders in the UK who wish to spread bet on MT4 can do so at AvaTrade. IronFX has a range of account types, encompassing STP/ECN and Premium accounts.

Comparison summary

  • Both provide CFD trading
  • AvaTrade offers spread betting in the UK
  • Each provides MT4
  • AvaTrade additionally offers AvaOptions for FX Options trading
  • AvaTrade has a wider range of markets
  • IronFX offers a range of account types including STP/ECN

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