Compare eToro vs IronFX - Online Brokerage Comparison

Compare eToro vs IronFX

eToro vs IronFX Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$200Web Trader & Apps1000+FCA, CySEC, ASIC
$100MT4200+FCA, CySEC, ASIC, FSCA

eToro and IronFX Comparison

IronFX is an MT4 broker with STP/ECN accounts, thus it supports automated trading using EAs. eToro is a Social Investment Network, and supports trading automation by copy trading (i.e. copying the trades of other traders on eToro's network).

eToro does not offer MT4, but does provide a user friendly web trader, along with apps. IronFX provides a range of accounts types beyond STP/ECN, supporting discretionary trading. eToro also enables the trader to trade on their own if they wish (their platform provides tools such as technical indicators), or to use information from the social news feed to inform their trading.

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

Quick comparison

eToro offers social and copy trading, while IronFX has a range of account for MT4, including STP/ECN trading.

Minimum deposit and account types

The minimum deposit for eToro is $200. The minimum deposit for IronFX is $100, but for STP/ECN trading it is $500.

  • eToro is a Social Trading Network which supports trading, social trading and auto trading by copying other traders (or being copied) and provides products based on this network. 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 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

  • eToro offers Forex, Indices, Energy, Stocks, Metals, Cryptocurrencies, ETFs and Bonds, with 1000+ available.
  • IronFX offers Forex, Indices, Energy, Stocks, Metals, Cryptocurrencies and Soft Commodities, with 200+ available.

Cryptocurrencies

  • eToro provides Bitcoin, Ethereum, Litecoin, Ripple, Cardano, Bitcoin Cash, Dash, NEO, IOTA, EOS, Stellar, Ethereum Classic, TRON, Zcash and Binance Coin.
  • IronFX offers Bitcoin, Ethereum, Litecoin, Ripple and Cardano CFDs.

Spreads and leverage

  • eToro's typical spreads are 3 for EUR/USD, 1 for UK100, 0.45 for Gold and 0.05 for US Oil.
  • IronFX's Micro account has a EUR/USD variable spread from 1.1 and a fixed spread from 2.2. The Premium account has a EUR/USD variable spread from 0.7 and a fixed spread from 1.8. The VIP account has a variable EUR/USD spread from 0.5 and a fixed spread from 1.6.
  • IronFX's Live Zero Fixed spread account has an EUR/USD spread of 0 (plus a commission charge). The ECN No Commission account has a variable EUR/USD spread from 1.7 and the ECN account with a commission charge has an EUR/USD spread from 0. The ECN Absolute Zero account has EUR/USD spreads from 0, without a commission charge. Gold spreads are from 0.5, UK100 spreads are from 0.8 and US Crude Oil spreads are from 0.04.

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

Platforms

eToro offers a web trader, and apps on tablet and mobile. IronFX provides MT4, available on desktop, tablet and mobile and an MT4 web trader.

Why eToro or IronFX ?

eToro offers social and copy trading as well as charting and other tools for supporting discretionary trading, where the trader makes their own trading decisions. IronFX is an MT4 broker, which offers a range of account types, including STP/ECN.

Comparison summary

  • Both brokers support both automated trading and discretionary trading
  • eToro supports automated trading with copy trading
  • eToro supports discretionary trading with thematic investing, social trading, and trading tools on its platform
  • IronFX provides STP/ECN accounts on MT4, enabling trading with EAs
  • IronFX has a range of accounts types covering trading with or without a Forex commission charge
  • IronFX offers tighter spreads, with account types requiring a higher minimum deposit
  • Both provide a range of cryptocurrencies
  • eToro offers cryptocurrencies to own when buying them
  • IronFX offers Cryptocurrency CFDs (the trader does not own them)
  • Both are FCA, CySEC and ASIC regulated
  • eToro has more markets, but IronFX has a competitive number for an STP/ECN broker

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