Binary.com vs IronFX - Online Brokerage Comparison

Binary.com vs IronFX | Compare Trading Brokers

Binary.com vs IronFX Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulation
NoneMT5, Web Trader, Apps50+MFSA, VFSC
$100MT4200+FCA, CySEC, FSCA, ASIC

Binary.com vs HYCM Comparison

IronFX offers trading on MetaTrader 4 (MT4). Binary.com provides the successor platform to MT4, MetaTrader 5 (MT5). Binary.com has a lower minimum deposit than IronFX (which is none for MT4 vs $100 for IronFX). Binary.com can offer 24/7 trading, including Cryptocurrency CFDs (though both brokers offer these markets).

Binary.com is regulated by a range of bodies including the MFSA in Malta and the VFSC in Vanuatu.

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

Binary.com is an MT5 broker, while IronFX is an MT4 broker. IronFX has more markets to trade, while Binary.com offers a lower minimum deposit.

Minimum deposit and key account features

The minimum deposit to use Binary.com's web trader is $5, but there is no minimum deposit to use MT5. The minimum deposit for IronFX is $100.

  • Binary.com offers a range of features on its website including webinars, an Economic Calendar and TradingView. When the trader has opened their account they gain access to the SmartTrader platform and can then open MT5 accounts. These accounts can include a Standard account, an Advanced STP account and a Synthetic Indices account (different accounts can be available in different countries). The minimum trade size is 0.01 lots.
  • 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 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

  • Binary.com offers trading on MT5 in Forex, Commodities, Indices and Cryptocurrencies, with 50+ available. It also offers 24/7 trading in simulated markets. The markets available can vary in different countries.
  • IronFX offers Forex, Commodities, Indices, Cryptocurrencies and Stocks, with 200+ available.

Cryptocurrency CFDs

  • Binary.com offers Bitcoin, Ethereum, Litecoin, Ripple, EOS, DASH, Bitcoin Cash and Emercoin.
  • IronFX offers Bitcoin, Ethereum, Litecoin, Ripple and Cardano.

Leverage

Maximum leverage for Binary.com on CFDs on MT5 (MFSA regulated) is . Maximum leverage for Binary.com (VFSC regulated) on CFDs on MT5 is 100:1. Maximum leverage for Binary.com on MT5 Synthetic Indices is 1000:1. Maximum leverage for IronFX (FCA or CySEC regulated) is . Maximum leverage for IronFX (ASIC regulated) is 1000:1.

Online trading platforms

Binary.com offers a web trader and MT5. IronFX provides MT4. Both offer mobile apps.

Why Binary.com or IronFX ?

Traders who want to trade on MT4 with a relatively wide range and large number of markets for this kind of broker, may do so at IronFX. Traders who want to trade a range of markets from Forex to simulated markets may do so at Binary.com. Binary.com offers 24/7 trading on a range of markets.

Comparison summary

  • Both provide CFD trading
  • IronFX offers MT4
  • Binary.com provides MT5
  • Binary.com has no minimum deposit for MT5 (vs $100 for MT4 at IronFX)
  • IronFX offers more markets to trade
  • Binary.com provides 24/7 trading
  • IronFX offers MT4 Stocks CFD trading

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