easyMarkets vs. IronFX - Trading Brokers Comparison

Compare easyMarkets vs IronFX

easyMarkets versus IronFX Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100MT4, Web Trader & Apps300+CySEC, ASIC
$100MT4200+FCA, CySEC, ASIC, FSCA

easyMarkets and IronFX Comparison

Both easyMarkets and IronFX provide a relatively large number of Forex pairs, compared with other brokers. IronFX provides STP/ECN trading with low spreads plus a commission charge, while easyMarkets offers fixed spreads, without a commission charge. IronFX can provide other account types without a commission charge and fixed or variable spreads. easyMarkets's spreads get lower with account types requiring a higher minimum deposit. Both offer MT4, while easyMarkets also has a web trading platform and apps.

Both broker can offer accounts with no slippage - for easyMarkets this is all its accounts, while for IronFX these are its real accounts (with instant order execution). IronFX also provides market execution STP/ECN accounts which do not reject orders, but may have slippage.

easyMarkets is regulated by the CySEC in Cyprus and in Australia by the ASIC. IronFX is also regulated by the ASIC and CySEC and additionally is regulated in the UK by the FCA and in South Africa by the FSCA.

Quick comparison

easyMarkets offers fixed spread trading. IronFX has a range of account type, with different kinds of spreads and includes STP/ECN trading accounts.

Account types and minimum deposit

  • easyMarkets offers a Standard account with a minimum deposit of $100 and a VIP account with a minimum deposit of $2,500.
  • All easyMarkets account types have customer support and a personal account manager. The VIP account additionally has telephone trading, access to the tightest spreads at easyMarkets, a personal analyst and real time SMS market updates. 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 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

  • easyMarkets offers Currency Pairs, Indices, Commodities, Cryptocurrencies and Options.
  • IronFX offers Currency Pairs, Indices, Commodities, Cryptocurrencies and Shares.

easyMarkets provides 300+ individual markets to trade, IronFX provides 200+. easyMarkets does not offer Shares and focuses on Forex, offering 136 Day Trade/Spot FX, 48 FX Forwards plus 58 Vanilla Options FX pairs, versus 120+ Forex Pairs made available by IronFX.

Cryptocurrency CFDs

  • easyMarkets offers Bitcoin, Ethereum and Ripple.
  • IronFX offers Bitcoin, Ethereum, Ripple, Litecoin and ADA.

Leverage and spreads

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

  • Spreads at easyMarkets are fixed and are from 1 for EUR/USD, 2 for UK100, 0.35 for Gold and 0.04 for US Oil.
  • The spreads IronFX makes available to traders can also 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.
  • 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 offers ECN spreads, without a commission charge.

Platform

easyMarkets offers over 40 technical indicators, IronFX offers over 30 technical indicators (on its MT4 web trader). easyMarkets provides candlestick, OHLC and line charts. IronFX provides bar, candlestick and line charts.

easyMarkets offers time frames from 1 minute to 1 week, IronFX offers time frames from 1 minute to 1 month. Both brokers provide micro lot trading and offer the MT4 trading platform. easyMarkets provides a newsfeed while IronFX does not.

easyMarkets has a design which is less stripped down than IronFX, in terms of their web platform, although the layout is similar in that it consists of markets lists and a chart.

Both easyMarkets and IronFX offer negative balance protection, which they say helps make sure account balances do not go negative.

Why easyMarkets or IronFX ?

Both brokers offer MT4. easyMarkets also has a web trading platform and apps, and provides fixed spreads. IronFX can also provide fixed spread trading. Both have a range of account types, though IronFX also has STP/ECN accounts. This said both brokers allow styles such as scalping.

Summary

  • Both brokers provide a range of account types
  • Both brokers have a relatively strong offering of Forex products
  • IronFX provides Shares CFDs, easyMarkets does not
  • Each offers MT4
  • easyMarkets has a Web Trader (and apps), IronFX provides an MT4 Web Trader
  • IronFX has a wider range of Cryptocurrency CFDs

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