FXPRIMUS vs IronFX - Online Brokerage Comparison

FXPRIMUS vs IronFX | Compare Trading Brokers

FXPRIMUS vs IronFX Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100MT4120+CySEC, FSCA, VFSC
$100MT4200+FCA, CySEC, FSCA, ASIC

FXPRIMUS vs IronFX Comparison

Each broker offers MetaTrader 4 (MT4) and provides ECN trading accounts along with accounts which have extra features for higher minimum deposits. IronFX provides a wider range of markets to trade and can offer a greater number.

Both brokers let the trader run Expert Advisors (EAs) on MT4 (i.e. online trading robots). Traders who do not trade with robots can use either broker as well as each offers a range of different account types (though non-automated traders can use all account types).

FXPRIMUS is regulated by the CySEC in Cyprus, the FSCA in South Africa and the VFSC in Vanuatu.

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

Quick comparison

Both are MT4 brokers and allow EAs. IronFX can provide more markets and a wider range.

Minimum deposit and account types

The minimum deposit for FXPRIMUS is $100 (the minimum deposit for an ECN account is $500). The minimum deposit for IronFX is $100 (the minimum deposit for an ECN account is $500).

  • FXPRIMUS offers a Variable account and an ECN Premium Account. The minimum deposit for the Variable account is $100. The minimum deposit for the ECN Premium Account is $500. Additionally FXPRIMUS provides a Standard Account, a Premium Account and a VIP Account. The minimum deposit for the Standard Account is $1000. The minimum deposit for the Premium Account is $2,500. The minimum deposit for the VIP Account is $10,000. FXPRIMUS offers traders education, an economic calendar and trading tools for all its clients. The Standard, Premium and VIP accounts offer extra features. 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 accounts, 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

  • FXPRIMUS offers Forex, Indices, Energy, Stocks and Precious Metals, with 120+ available.
  • IronFX offers Forex, Indices, Energy, Stocks, Metals, Cryptocurrencies and Soft Commodities, with 200+ available.

Cryptocurrency CFDs

  • IronFX offers Bitcoin, Ethereum, Litecoin, Ripple and Cardano.

Spreads and leverage

  • Both brokers can offer low Forex spreads plus a commission charge. IronFX can offer Forex spreads from 1.1 without a commission charge and FXPRIMUS can offer Forex spreads from 1.6 without a commission charge.

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

Commissions

  • FXPRIMUS charges a commission of $5 per lot per side on its ECN Premium Account.
  • IronFX charges a commission of $6.75 per lot per side on its STP/ECN Zero Spread Account.

Platforms

FXPRIMUS offers MT4. IronFX offers MT4.

Why FXPRIMUS or IronFX ?

Trader who wish to trade using online trading robots can use this feature of MT4 at either broker, and can also find ECN trading accounts at each. IronFX has a particularly wide range of account types, encompassing ones with added features for higher minimum deposits and accounts with different commission structures and fixed or variable spreads. FXPRIMUS also offers accounts with extra features for higher minimum deposits. IronFX has a more markets to trade and a wider range.

Comparison summary

  • Both offer CFD trading
  • Each provides MT4
  • Both brokers support automated and non-automated trading
  • IronFX offers fixed spread account types as well as variable spread accounts
  • Both have account types with extra features for higher minimum deposits
  • IronFX has more markets to trade and wider range

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