IronFX vs. Spread Co Broker Comparison

Compare IronFX vs Spread Co

IronFX versus Spread Co Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100MT4200+FCA, ASIC, CySEC, FSCA
$250Web Trader & Apps1500+FCA

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 manger, 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 offers Currency Pairs, Indices, Commodities, Shares and Cryptocurrencies.
  • Spread Co offers Currency Pairs, Indices, Commodities, Equities, Bitcoin Futures, 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.

Cryptocurrencies

  • IronFX offers Bitcoin, Ethereum, Litecoin, Ripple and ADA.
  • Spread Co offers Bitcoin Futures.

Leverage and spreads

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

  • IronFX's spreads can vary depending on the account type. The fixed spreads of the Micro Account are 2.2 for EUR/USD and 0.5 for Gold (XAU/USD), but EUR/USD has a fixed spread of 1.6 on the VIP account. The variable spreads for the Micro account are from 1.1 for EUR/USD and from 0.5 for Gold. The variable EUR/USD spread has a low of 0.5 on the VIP account.
  • UK100 on IronFX has a variable spread from 0.8 and US Crude Oil has a variable spread from 0.04. The lowest possible spread for EUR/USD is 0 and for XAU/USD is 0.15, with a commission charge. On its Absolute Zero account, ECN spreads without a commission charge are available.
  • Spread Co offers fixed spreads on its spread betting and CFD platforms. For spread betting, Spread Co offer fixed spreads of 0.8 for EUR/USD and UK100, 0.4 for Gold and 0.05 for US Crude Oil. Spread Co's spreads can change with higher order sizes and outside of market hours. For CFDs, Spread Co offers fixed spreads of 1.5 for EUR/USD, 1 for UK100, 0.4 for Gold and 0.04 for US Crude Oil.

Platform

IronFX offers over 30 technical indicators (on its MT4 based web trader), Spread Co offers 22 technical indicators (on its web trader). IronFX provides time frames from 1 minute to 1 month, Spread Co provides time frames from 1 minute to 1 day. IronFX offers candlestick, bar and line charts, Spread Co offers Candlestick, OHLC, Line, Area, Bar, Spline, Steep Line, Spline Area, Steep Line Area and Range Bar charts.

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.

Spread Co uses a markets lists with embedded chart links format, while IronFX has an markets lists with chart format. Both brokers offer a somewhat stripped down platform experience, but Spread Co has a visually appealing, clear layout.

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

Search this site

Translate