| Online Broker | Minimum Deposit | Trading Platforms | Markets | |
|---|---|---|---|---|
| FOREX.com | $100 Minimum Deposit | MT4, Advanced Platform, Web Trader Trading Platforms | 300+ Markets To Trade | FOREX.com has automated trading on MetaTrader, and provides a user friendly Web Trader and the Advanced Trading Platform with a wide range of tools About |
| IronFX | $50 Minimum Deposit | MT4 Trading Platform | 200+ Markets To Trade | IronFX has a Cent account, allows automated trading and provides social and copy trading platforms About |
FOREX.com and IronFX Comparison
The brokers have similarities in that they each offer MT4 and support automated trading on this platform. Both support discretionary trading (where the trader makes their own trading decisions), but in different ways.
IronFX has a range of STP/ECN accounts (for automated or discretionary trading) but also provides a range of accounts, which offer fixed or variable spreads and improved services for higher deposits. FOREX.com offers two platforms which are aimed at discretionary trading (as well as MT4, which can be used for either type of trading).
Quick Comparison
Either brokers can be used for discretionary or automated trading. IronFX has a focus on providing ways to trade on MT4, while FOREX.com offers a range of platforms.
Minimum deposit and account types
The minimum deposit for FOREX.com is $100. The minimum deposit for IronFX is $50.
- FOREX.com offers CFD trading. The minimum trade size is 0.01 lots. It has an Economic Calendar, Market Research and a news feed on its platforms, offers Autochartist and Trading Central and has a Trader Education course on its website.
- 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
- FOREX.com offers Forex, Indices, Energy, Metals, Soft Commodities, Cryptocurrencies and Stocks, with 300+ available.
- IronFX offers Forex, Indices, Energy, Metals, Soft Commodities, Cryptocurrencies and Stocks, with 200+ available.
| Broker | Trading Platforms | Description |
|---|---|---|
| FOREX.com Broker | MT4, Web Trader, Advanced Trading Platform Trading Platforms | FOREX.com provides trading on MT4 (and in some regions MT4), allowing automated trading and offers a user friendly Web Trader and its Advanced Trading Platform Description |
| IronFX Broker | MT4 Trading Platforms | IronFX provides MT4, a Cent account, social and copy trading platform and spreads from 0, without a commission charge Description |
Cryptocurrency CFDs
- FOREX.com offers Bitcoin, Ethereum, Litecoin, Ripple and Bitcoin Cash.
- IronFX offers Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, Cardano, EOS, Dogecoin, Polkadot, Stellar, Uniswap, Iota, Ethereum Classic, Solana, Tron, OmiseGO, Internet Computer Protocol and IOST CFDs.
Spreads
FOREX.com offers Forex spreads from 0.8 (variable) without a commission charge. IronFX provides Forex spreads from 0 (variable) without a commission charge and 1.6 (fixed) without a commission charge and from 0 (variable) plus a commission charge.
Online trading platforms
FOREX.com offers the Advanced Platform, a web trader and MT4. IronFX offers MT4. Both brokers provide mobile apps.
Why FOREX.com or IronFX ?
Traders who want to trade on MetaTrader 4 (MT4) can do so at either broker. Traders who want to use EA robots can do this at both. Those who want to trade on a user friendly platform, can do so at IronFX. Those who want to social and copy trade may do this at IronFX.
Comparison summary
- Both brokers provide CFD trading
- Each offers MT4
- FOREX.com additionally provides its Web Trader
- FOREX.com additionally offers its Advanced Trading Platform
- IronFX provides a range of account types including Cent
