Compare FXTM vs IronFX - CFD Broker Comparison

Compare FXTM vs IronFX

FXTM vs IronFX Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100MT4200+FCA, CySEC, FSCA, ASIC
$10MT4, MT5250+FCA, CySEC, FSCA, FSC

FXTM vs IronFX Comparison

Both of these brokers offer a range of accounts which can be divided into those which offer instant execution (no slippage but there may be requotes) and those which offer market execution (no requotes but there may be slippage). The market execution accounts are ECN, that is they match a client with a liquidity provider.

Both of these brokers offer MT4, however FXTM additionally provides MT5. Both have a similar number of markets available to trade. One difference is that FXTM puts its Shares CFD into a separate account.

Each broker is regulated by the FCA in the United Kingdom, the CySEC in Cyprus and by the FSCA in South Africa. IronFX is additionally regulated by the ASIC in Australia. FXTM is regulated by the FSC in Mauritius.

Quick comparison

Both brokers offer a range of account, including STP/ECN. Both have MT4, FXTM also provides MT5.

Minimum deposit and account types

The minimum deposit for FXTM is $10. The minimum deposit for ECN trading at FXTM is $200. The minimum deposit for IronFX is $100, but for STP/ECN trading it is $500.

  • FXTM offers three Standard account types: Standard, Cent and Shares and three ECN accounts: ECN, ECN Zero and Pro. The minimum deposit for the Cent account is $/€/£10, for the Standard and Shares accounts $/€/£100, for the ECN Zero account $/€/£200, for the ECN account $/€/£500 and for the Pro account the minimum deposit and minimum account balance is $/€/£25,000. The Pro account offers spreads from 0 without a commission charge. FXTM offers Market Analysis and Education on its website. Copy Trading is available via FXTM Invest. The minimum trade size is 0.0001 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 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

  • FXTM offers Forex, Metals, Energy, Indices and Stocks, with 250+ available.
  • IronFX offers Forex, Energy, Metals, Indices, Stocks, Cryptocurrencies and Soft Commodities, with 200+ available.

Cryptocurrency CFDs

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

Spreads and leverage

Both brokers can offer low spreads plus a commission charge. FXTM can additionally provides Forex spreads from 1.3 without a commission charge, while IronFX can offer Forex spreads from 0.5 without a commission charge (on its VIP account)

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

Commissions

  • FXTM charges a commission starting at $2 per lot per side, depending on the equity in the account and the volume traded.
  • IronFX's commission charges are from $6.75 per lot per side for Forex.

Online trading platforms

Both brokers offer MT4 on desktop and apps and an MT4 web trader. FXTM also offers MT5, desktop and apps and a MT5 web trader.

Why FXTM or IronFX ?

Traders who want to trade on MetaTrader 4 (MT4) may do so at either broker. Those who want to trade on MetaTrader 5 (MT5), the successor to MT4 can find this platform at FXTM. Both brokers have a range of account types, including ECN.

Comparison summary

  • Both brokers provide CFD trading
  • Each offers MT4
  • FXTM additionally provides MT5
  • FXTM has a Cent account with a low minimum deposit ($10)

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