IronFX vs. Markets.com - CFD Broker Comparison

Compare IronFX vs Markets.com

IronFX versus Markets.com Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100MT4200+FCA, FSCA, CySEC, ASIC
$100MT4, MT5, Web Trader & Apps2000+FSCA, CySEC, ASIC

IronFX and Markets.com Comparison

IronFX has a range of account types, including STP/ECN, though Markets.com can offer more markets to trade. Both have MT4, while Markets.com also offers MT5 and a web trader and apps. Each has a range of Cryptocurrency CFDs to trade. IronFX is regulated by the FCA in the United Kingdom, the Australian ASIC, the CySEC in Cyprus and the FSCA in South Africa. Markets.com is operated by Safecap Investments Limited which is regulated by the CySEC in Cyprus and the FSCA in South Africa. Markets.com Australia is operated by Tradetech Markets (Australia) Pty Ltd which is regulated by the ASIC in Australia. Markets.com Africa is operated by TradeTech Markets (South Africa) which is regulated by the FSCA in South Africa.

Quick comparison

Both offer MT4, but Markets.com has MT5 and a web trader and apps, though IronFX also provides STP/ECN accounts.

Account types and minimum deposit

  • 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.com offer three account types, Classic, Standard and Premium, depending on the deposit, and an Islamic account. The minimum initial deposit is $100 for the Classic and Islamic accounts, $2,500 for the Standard account and $20,000 for the Premium account.
  • All three Markets.com account types come with daily analysis, tutorials, customer support and webinars. The Standard account also comes with a dedicated account manager, SMS news and signals, and premium daily analysis. Markets.com's Premium account also comes with premium customer support.

Markets

  • On MT4, IronFX offers Forex, Indices, Energy, Metals, Shares and Cryptocurrencies, with 200+ available.
  • On its web trader, Markets.com offers Forex, Indices, Energy, Metals, Cryptocurrencies, Stocks, ETFs, Soft Commodities and Bonds, with 2000+ available.
  • On MT4, Markets.com provides Forex, Indices, Energy and Precious Metals with 60+ available.
  • On MT5, Markets.com offers Forex, Indices, Energy, Metals and Stocks, with 240+ available.

Markets.com offers more CFDs, with over 2000 available, versus over 200 available at IronFX. The difference stems from the fact that IronFX is focused on Forex. IronFX provide 120+ Forex pairs, Market.com provides 50+ Forex pairs.

Cryptocurrency CFDs

  • IronFX offers Bitcoin, Ethereum, Litecoin, Ripple and ADA.
  • Markets.com offers Bitcoin Futures, Ethereum, Litecoin, Ripple, Bitcoin Cash and Dash.

Leverage and spreads

Maximum leverage for IronFX is . Maximum leverage for Markets.com operated by Safecap Investments Limited (CySEC regulated) is .

  • The spreads IronFX makes available to traders 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. The Absolute Zero account has spreads from 0, with no commission charge.
  • Markets.com's spreads are fixed under normal market conditions, from 2 pips for EUR/USD, 1.2 for the UK100, 0.7 for Gold and 0.03 for US Crude Oil.

Platforms

Both offer MT4. Markets.com additionally provides a web trader and apps and MT5.

Why IronFX or Markets.com ?

IronFX is an MT4 broker, offering a range of account types including STP/ECN. Markets.com has a web trader and aps, which offer considerably more markets than IronFX, however Markets.com also provides MT4 and MT5 and on these platform, the numbers are comparable.

Summary

  • Both offer CFD trading
  • IronFX has a range of account types including STP/ECN
  • Markets.com has more markets available to trade
  • Both offer MT4
  • Markets.com also provides MT5 and a web trader and apps

Search this site

Translate