IronFX vs. UFX Broker Comparison

Compare IronFX vs UFX

IronFX versus UFX Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100MT4200+CySEC, FCA, ASIC, FSCA
$100MT4, ParagonEx450+CySEC

IronFX and UFX Comparison

IronFX is an MT4 broker, which provides accounts to support a range of trading styles from discretionary to automated. UFX is a fixed spread broker which provides a range of account types with different features for a higher minimum deposit. UFX provides MT5 (the successor to MT4), but has a focus on traders who execute their own trades with the ParagonEx platform. This has support for crowd trading: it contains a feed which has news about market events and markets, referenced to what it is that other traders are doing about these events or markets.

However IronFX also can offer fixed spreads, in addition to variable spreads, and has a range of account types for its instant execution accounts, with differing features for a higher minimum deposit. IronFX does in fact offers STP/ECN trading (which may have slippage, but orders are not requoted). It can be seen that a difference between these brokers, is the provision of STP/ECN accounts (IronFX) vs crowd trading (UFX).

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

Quick comparison

IronFX offers MT4. UFX provides ParagonEx with a crowd trading news feed and MT5. IronFX has a range of account types, including STP/ECN.

Minimum deposit and account types

The minimum deposit for IronFX is $100 and the minimum deposit for UFX is $100.

  • 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.
  • UFX provides six account types, Micro/Mini, Mini, Standard, Gold, Platinum and Islamic. The minimum initial deposit is $100 for the Micro/Mini account, $500 for the Mini account, $1000 for the Islamic and Standard accounts, $5000 for the Gold account and $10,000 for the Platinum account. The minimum trade size ranges from 0.0025 lots for the Micro/Mini account to 1 lot for the Platinum account.
  • All UFX account types offer daily market reviews, a video library, daily recommendations and 24hr live support. Mini, Standard, Gold and Platinum accounts also have VIP trading support. Standard, Gold and Platinum additionally receive exclusive updates. Gold and Platinum also have access to MT5. Trading Central is available for traders who deposit at least $1000 into their account.

Markets

Both brokers offer Currencies, Indices, Commodities, Stocks and ETFs. IronFX provides more Forex pairs than UFX, with 120+ versus 45+ for UFX.

Cryptocurrencies

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

Spreads and leverage

IronFX can offer low Forex spreads plus a commissions charge. IronFX can additionally provide Forex spreads from 0.5 (variable) without a commission charge, while UFX can offer Forex spreads form 2 (fixed) without a commission charge.

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

Online trading platforms

IronFX offers MT4. UFX additionally provides ParagonEx and MT5. Each broker offers mobile apps.

Why IronFX or UFX ?

Traders who want to trade on MT4 can do this at IronFX. Traders who want to trade on MT5 may do so at IronFX, which has a minimum deposit of $5000 to use this platform. Traders who want to trade on a user friendly web trader which offers a crowd trading news feed may use ParagonEx at UFX.

Comparison summary

  • Both brokers provide CFD trading
  • IronFX offers MT4
  • UFX provides MT5
  • IronFX has a lower minimum deposit to use MetaTrader
  • UFX additionally provides ParagonEx
  • UFX's ParagonEx has a crowd trading news feed

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