FXGiants and IronFX Comparison
IronFX are part of the same group and have a very similar offering in terms of account features and markets. Another difference is that IronFX has a VIP account, while FXGiants does not.
Quick comparison
Both brokers are similar, but have some differences including regulation. Broadly speaking, these are MT4 brokers offering a range of account types, with different kinds of spreads and including STP/ECN trading.
Minimum deposit and account types
The minimum deposit for FXGiants is $100, but for STP/ECN trading it is $500. The minimum deposit for IronFX is $100, but for STP/ECN trading it is $500.
- FXGiants offers trading on six account types, the Micro account, the Premium account, the 0 Fixed Spread account, the STP/ECN No Commission account and the STP/ECN 0 Spread account and the Absolute Zero STP/ECN account. The minimum deposit is $100 for the Micro account, $500 for the 0 Fixed spread, STP/ECN No Commission and STP/ECN 0 Spread accounts, $2,500 for the Premium account and upon request for the Absolute Zero account. The Micro and Premium accounts have two types, Live Fixed or Live Floating Spread. The minimum trade size is 0.01 lots except for the Premium account where it is 0.1 lots.
- FXGiants's 0 Fixed Spread account offers fixed spreads from 0 plus a commission charge. The STP/ECN 0 Spread account offer variable ECN spreads from 0, with a commission charge. The Absolute Zero account has spreads from 0, without a commission charge. FXGiants provides economic news and an economic calendar on its website. It also provides a dedicated account manager and a 24/5 dealing hotline for its non-ECN accounts.
- 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
- Both offer Forex, Indices, Metals, Energy, Stocks, Cryptocurrencies and Soft Commodities, with 200+ available.
Cryptocurrency CFDs
- FXGiants offers Bitcoin, Ethereum, Litecoin and Ripple.
- IronFX offers Bitcoin, Ethereum, Litecoin, Ripple, IOTA, EOS, IronX and Cardano (ADA).
Spreads and leverage
- Both brkers can offer Forex spreads from 0 with a commisison charge. On its VIP account, IronFX can offers Forex spread from 0.5 without a commission charge. Each provides either fixed or variable Forex spreads.
Maximum leverage for FXGiants Bermuda is 500:1. Maximum leverage for IronFX Bermuda is 1000:1.
Commissions
- FXGiants charges a commission of $13 per lot for its ECN Zero account and does not charge a commission for its ECN No Commission account or its Absolute Zero account. On its 0 Fixed Spread account, FXGiants charges a commission from $18 per lot.
- IronFX charges a normal commission $13.50 per lot for its ECN Zero account (and a professional charge of $7.5 per lot) and does not charge a commission for its ECN No Commission account or its Absolute Zero account. On its 0 Fixed Spread account, IronFX charges a commission from $18 per lot.
Platforms
Both brokers offer MT4 on desktop and apps. IronFX also offers a web trader based on MT4.
Why FXGiants or IronFX ?
Both are MT4 brokers offering more or less the same account types and features. A difference is that IronFX is regulated in more countries.
Comparison summary
- These brokers each offer a range of account types, offering variations in STP/ECN and non-STP/ECN accounts
- They have the same offering of markets and number of markets
- They both offer MT4
- They both have the same account types, except IronFX has a VIP account, while FXGiants does not
