24Option vs IronFX - CFD Broker Comparison

24Option vs IronFX | Online Brokerage Comparison

24Option vs IronFX Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$250MT4, Web Trader & Apps130+CySEC, IFSC
$100MT4200+FCA, CySEC, ASIC, FSCA

24Option vs IronFX Comparison

IronFX is an MT4 broker, while 24Option offers a web trader (and apps) and provides MT4. IronFX has a range of account types, to some extent built around MT4, as it includes a Micro account and STP/ECN accounts (the Micro account reflect a minimum trade size of micro lots and the STP/ECN accounts reflect that traders may wish to trade using automated trading strategies, which can be suited to STP/ECN accounts). 24Option has a user friendly web trader, which means that it is designed for the human trader who makes their own trading decisions. 24Option is regulated by the CySEC in Cyprus and the IFSC in Belize. IronFX is regulated by the FCA in the United Kingdom, the CySEC in Cyprus, the FSCA in South Africa and the ASIC in Australia.

Quick comparison

Both brokers provide MT4, though 24Option also offers a user friendly web trader and apps.

Minimum deposit and key account features

The minimum deposit for 24Option is $/€/£250. The minimum deposit for IronFX is $100.

  • 24Option offers an Economic Calendar, Market Reports, Analysis and Videos on its website and Trading Central.
  • 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

  • 24Option offers Forex, Indices, Energy, Metals, Cryptocurrencies, Stocks and Soft Commodities, with 130+ available.
  • IronFX offers Forex, Indices, Energy, Metals, Cryptocurrencies, Stocks and Soft Commodities, with 200+ available.

Cryptocurrency CFDs

  • 24Option offers Bitcoin, Ethereum, Litecoin, Ripple and DASH CFDs.
  • IronFX offers Bitcoin, Ethereum, Litecoin and Ripple.

Leverage

Maximum leverage for 24Option (CySEC regulated) is . Maximum leverage for IronFX (FCA or CySEC regulated) is . Maximum leverage for IronFX (ASIC regulated) is 1000:1.

Online trading platforms

Both offer MT4. 24Option additionally provides a web trader (and apps).

Why 24Option or IronFX ?

While each provides MT4, IronFX's focus is arguably on being an MT4 broker, in that it has a wide range of account types to take advantage of the potential uses of this platform, from STP/ECN to Micro and also Premium type accounts for those who may wish to scale up their trading and trade larger volume. 24Option offers a web trader which can be seen as aimed at the human trader as it provides a clear and simplified layout.

Comparison summary

  • Both offer CFD trading
  • Each provides MT4
  • 24Option also offers a web trader and apps
  • IronFX has a lower minimum deposit

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