IronFX vs. Plus500 Broker - CFD Broker Comparison

Compare IronFX vs Plus500

IronFX versus Plus500 Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100Web Trader & Apps2000+FCA, ASIC, CySEC, FSCA, FMA, MAS & IE

IronFX and Plus500 Comparison

IronFX and Plus500 are regulated brokers offering CFDs to trade. Both provide support for discretionary trading. IronFX has a range of instant execution accounts, as well as STP/ECN accounts. IronFX is an MT4 broker, while Plus500 provides a web trader and apps. Here lies a distinction between the brokers: IronFX also supports automated trading, with STP/ECN accounts and MT4.

IronFX is regulated by the CySEC in Cyprus, the FCA in the United Kingdom, the ASIC in Australia and the FSCA in South Africa. Plus500UK Ltd is authorized and regulated by the FCA (#509909). Plus500CY Ltd is authorized and regulated by CySEC (#250/14). Plus500SG Pte Ltd is licensed by the MAS (#CMS100648-1) and IE Singapore (#PLUS/CBL/2018). Plus500AU Pty Ltd (ACN 153301681) is licensed by: ASIC in Australia, AFSL #417727 and FMA in New Zealand, FSP #486026 and is an authorised Financial Services Provider in South Africa, FSP #47546.

Quick comparison

Both offer CFD trading: Plus500 has more markets to trade and a web trader and apps, IronFX can offer STP/ECN trading and MT4.

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.
  • Plus500 offers one account type for which the minimum deposit is $/€/100 or AU$200.


  • IronFX offers Currency Pairs, Indices, Commodities, Stocks and Cryptocurrencies CFDs.
  • Plus500 offers CFD trading in Currency Pairs, Indices, Commodities, Stocks, Cryptocurrencies, ETFs and Options CFDs.

Plus500 offers over 2000 CFDs, versus over 200 available on IronFX.

However IronFX has more Currency Pairs available, with 120+ on offer versus 55+ for Plus500.

Cryptocurrency CFDs

  • IronFX offers Bitcoin, Ethereum, Litecoin, Ripple and Cardano.
  • Plus500 offers Bitcoin, Ethereum, Litecoin, Ripple, Cardano, Bitcoin Cash, IOTA, NEO, Monero, EOS, Stellar and TRON.

Leverage and spreads

Maximum leverage for IronFX (FCA or CySEC regulated) is . Maximum leverage for IronFX (ASIC regulated) is 1000:1. Maximum leverage for Plus500 is 1:300. Leverage levels vary between Plus500 regulated subsidiaries according to relevant regulatory requirements. For example, UK residents registered for a trading account with Plus500UK Ltd will be offered max leverage up to 1:30. More information about the leverage offered per instrument can be found at

  • 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 offers ECN spreads, without a commission charge.
  • Plus500 offers fixed and variable spreads depending on the instrument.

Trading Platforms

IronFX offers MT4 and Plus500 offers a web trader and apps (including a desktop download). MT4 at IronFX is provided as a downloadable platform, apps and as a web trader. Both IronFX and Plus500 say that account balances cannot go negative.

Why IronFX or Plus500 ?

IronFX is for MT4 traders, offering a range of account types, including STP/ECN trading. Plus500 offers support for discretionary traders, who make their own trading decisions, with an intuitive platform and a larger number of markets.

Comparison Summary

  • Both offer CFD trading
  • IronFX is an MT4 broker
  • IronFX has a range of account types, including STP/ECN
  • Plus500 provides a web trader and apps
  • Both brokers offer a desktop download of their trading platforms, as well as web traders
  • Plus500 can provide more markets to trade

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