Compare FXOpen vs IronFX - Online Brokerage Comparison

Compare FXOpen vs IronFX

FXOpen versus IronFX Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated

FXOpen and IronFX Comparison

FXOpen is an ECN broker. It offers ECN, STP and a Crypto accounts. IronFX provides a range of account types, covering STP/ECN and account types with a range of minimum deposits.

FXOpen has a lower minimum deposit for ECN trading. IronFX has more markets available, and a wider range, though FXOpen offers more Cryptocurrency CFDs. However FXOpen has a competitive number of markets for an ECN broker, as does IronFX, for an STP/ECN broker.

What is another similarity between the two ? Both offer MT4. They are each are regulated by the FCA in the United Kingdom and the ASIC in Australia. FXOpen is additionally regulated by the FSRC in Nevis. IronFX is additionally regulated by the CySEC in Cyprus and the FSCA in South Africa.

Quick comparison

Both are MT4 brokers. FXOpen focuses on offering ECN or STP trading, while IronFX has a range of account types, including STP/ECN.

Minimum deposit and account types

The minimum deposit for FXOpen is €/$300 or £200. The minimum deposit for IronFX is $100, but for STP/ECN trading it is $500.

  • FXOpen offers three accounts types, ECN, STP and Crypto. The ECN account charges commissions on its markets, the STP does not charge commissions. The ECN account has a wider range of market available. The Crypto account is an STP account which additionally offers a range of Cryptocurrencies (which have a commission charge). The minimum trade size is 0.01 lots. Market news and analysis are available via RSS and an economic calendar is provided on FXOpen's 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.


  • On the ECN account, FXOpen offers Forex, Indices, Energy and Precious Metals, with 65+ available.
  • On the STP account, FXOpen provides Forex and Precious Metals, for a total of 50+.
  • On the Crypto account, FXOpen offers Forex, Precious Metals and Cryptocurrencies, for a total of 55+.
  • IronFX offers Forex, Indices, Energy, Metals, Cryptocurrencies, Soft Commodities and Shares, with 200+ available.

Cryptocurrency CFDs

  • FXOpen offers Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, IOTA, DASH, Ethereum Classic, Namecoin, Peercoin, Emercoin, NEO, OMNI, Monero and EOS.
  • IronFX offers Bitcoin, Ethereum, Litecoin, Ripple and ADA.

Spreads and leverage

  • Spreads at FXOpen are variable and are from 0.0 for EUR/USD, 0.0 for UK 100, 0.0 for Gold and 0.0 for US Crude Oil (all plus commission). The STP account has higher spreads.
  • 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 FXOpen (FCA regulated) is . Maximum leverage for IronFX (FCA or CySEC regulated) is .


  • For Forex, FXOpen charges a commission, which depends on volume traded, from $1.5 - $5 per standard lot per side. Other instruments have differing commission charges.
  • IronFX's commission charges are from $6.75 per lot per side for Forex.


FXOpen offers MT4, desktop and apps. IronFX also offers a web trader based on MT4.

Why FXOpen or IronFX ?

FXOpen is an MT4 ECN broker, while IronFX is an MT4 broker with a range of account types, some STP/ECN, some not.

Comparison summary

  • Both are MT4 brokers
  • Each has a range of account types
  • FXOpen's account types are based around types of trading
  • IronFX's are based around types of trading as well, but also account types with improved features for a higher minimum deposit
  • FXOpen has a smaller number of markets, but it is an ECN broker
  • Both have a competitive number of markets for the type of broker they are
  • FXOpen is an ECN broker and provides an infrastructure to support this, including high speed order transmission
  • IronFX is an STP/ECN broker, and offers a range of account types, with commissions or without, in addition to its instant execution accounts

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