| Online Broker | Minimum Deposit | Trading Platforms | Markets | About |
|---|---|---|---|---|
| AvaTrade | $100 Minimum Deposit | MT4, MT5, Web Trader, AvaOptions Trading Platforms | 1000+ Markets To Trade | AvaTrade offers MT4 and MT5 (allowing Expert Advisors robots) and offers a user friendly Web Trader and Vanilla Options trading About |
| IronFX | $100 Minimum Deposit | MT4 Trading Platform | 300+ Markets To Trade | IronFX provides trading based around MT4 with a wide range of account types, including fixed spreads and low spreads About |
AvaTrade vs IronFX Comparison
These brokers both offer MetaTrader 4 (MT4). AvaTrade additionally provides MetaTrader 5 (MT5), the successor to MT4. Each allows 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. AvaTrade additionally provides a user friendly web trader for those who execute their own trades.
While each offers CFD trading, in the UK AvaTrade additionally provides MT4 spread betting.
Quick comparison
Both offer MT4 trading, while AvaTrade also provides MT5 along with AvaOptions, a platform for FX Options trading and a user friendly web trader.
Minimum deposit and key account features
The minimum deposit for AvaTrade is $/€/£100. The minimum deposit for IronFX is $50.
- AvaTrade provides an Economic Calendar on its web site and Trading Central (which provides analysis). Additionally AvaTrade offers AvaSocial which supports social and copy trading. AvaTrade allows the use of EA trading robots.
- IronFX offers a range of account types and services. These include a Standard account which has a minimum deposit of $50, 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. There is additionally a Cent account, which offers small trade sizes and has a minimum deposit of $50. Social and copy trading is provided via Myfxbook AutoTrade and TradeCopier. The minimum trade size is 0.01 lots except for the Premium and VIP accounts where it is 0.1 lots and the Cent account where it is 0.0001 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 accounts, 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
- AvaTrade offers CFD trading in Forex, Indices, Energy, Metals, Cryptocurrencies, Stocks, Soft Commodities, ETFs, Options and Bonds, with 1000+ available.
- IronFX offers CFD trading in Forex, Indices, Energy, Metals, Cryptocurrencies, Stocks and Soft Commodities, with 200+ available.
| Broker | Trading Platforms | Description |
|---|---|---|
| AvaTrade Broker | MT4, MT5, Web Trader, AvaOptions Trading Platforms | AvaTrade provides automated trading on MT4 and MT5 and offers a user friendly Web Trader and Vanilla Options trading on the AvaOptions platform Description |
| IronFX Broker | MT4 Trading Platform | IronFX offers a wide range of account types for MT4, including STP/ECN, Cent, low spreads and fixed spreads Description |
Cryptocurrency CFDs
- AvaTrade provides Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple, Iota, EOS, Uniswap, Stellar, Chainlink, Dash, NEO and Bitcoin Gold CFDs.
- IronFX provides Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple, Iota, EOS, Uniswap, Stellar, Cardano, Dogecoin, Polkadot, Ethereum Classic, Solana, Tron, OmiseGO, Internet Computer Protocol and IOST CFDs.
Spreads
- 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 without a commission charge.
Online trading platforms
AvaTrade offers MT4, MT5, a web trader 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). Traders who want to trade on MT5 can find this platform at AvaTrade. AvaTrade offers 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. Traders who want to use a user friendly web trader can find this at AvaTrade. IronFX has a range of account types, encompassing STP/ECN (for styles such as automated trading), Cent and Premium accounts.
Comparison summary
- Both provide CFD trading
- AvaTrade offers spread betting in the UK
- Each provides MT4
- AvaTrade additionally offers MT5
- AvaTrade additionally provides AvaOptions for FX Options trading
- AvaTrade offers a user friendly web trader
- IronFX provides a range of account types including Cent
