IronFX and Spread Co Comparison
Spread Co offers spread betting and CFD Trading and IronFX offers CFD trading. Spread Co is based in London in the United Kingdom and is regulated by the FCA in the United Kingdom. IronFX is regulated CySEC in Cyprus, the FCA, the Australian ASIC and the FSCA in South Africa. IronFX delivers a range of account types including STP/ECN while Spread Co offers low fixed spreads for spread betting in the UK.
Quick comparison
IronFX is an MT4 broker which has a range of account types, including STP/ECN. Spread Co offers spread betting in the UK and CFD trading on a web trader and apps, with more markets.
Account types and minimum deposit
The minimum deposit for IronFX is $100. The minimum recommended amount to be deposited with Spread Co is £200 for spread betting and £250 for CFD trading.
- 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.
- Spread Co has three spread betting account types: Spread Free, Spread Free Bronze and Standard. It also has a CFD trading account. Spread Free and Spread Free Bronze offers zero spreads on some markets, T&Cs apply. Spread Free Bronze charges a fee and has less restrictions. Spread Co provides news and analysis on its website and a relationship manager for all account holders.
Markets
- IronFX UK offers Currency Pairs, Indices, Commodities and Shares.
- Spread Co offers Currency Pairs, Indices, Commodities, Shares, ETFs and ADRs.
IronFX offers 300+, versus 1500+ offered by Spread Co. However IronFX provides more Forex Pairs, with 120+ on available, versus 35+ for Spread Co.
Leverage and spreads
Maximum leverage for IronFX (FCA or CySEC regulated) is . Maximum leverage for Spread Co is .
- IronFX offers Forex spreads from 0 plus a commission charge. IronFX offers Forex spread from 0.6 variable without a commisison charge and from 1.6 fixed without a commission charge. Spread Co offers spread betting Forex spreads form 0.8 ficed and CFD Forex spreads from 1.5 variable, without a commission charge.
Onlien trading platform
IronFX provides MT4 while Spread Co offers Saturn.
IronFX offers micro lot trading, Spread Co has a typical minimum trade size of £1 for spread betting and mini lot CFD trading for Forex. IronFX offers the MT4 trading platform but Spread Co does not.
Why IronFX or Spread Co ?
Both brokers offer CFD trading, but in the UK, Spread Co provides spread betting (and can offer low fixed spreads). IronFX is an MT4 broker. Spread Co does not offer this platform, but provides the Saturn web trader and apps.
Comparison summary
- Both offer CFD trading
- In the UK, Spread Co also provides spread betting
- IronFX is an MT4 broker
- Spread Co provides a web trader and apps
- IronFX has STP/ECN accounts
- Spread Co can offer more markets to trade
