IronFX vs ITRADER Comparison - CFD Broker Comparison

IronFX vs ITRADER Comparison

IronFX versus ITRADER Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100MT4200+FCA, ASIC, CySEC, FSCA
$250MT4200+CySEC

IronFX and ITRADER Comparison

Both of these are CFD brokers offering the MT4 platform, with a similar number of markets available to trade. ITRADER has a range of account types, offering improved features (including lower spreads) for a higher minimum deposit. For instant execution accounts, IronFX has accounts with improved features for a higher minimum deposit. IronFX also has a range of STP/ECN market execution accounts, with or without a commission charge. Both brokers 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

Both offer MT4: IronFX has a range of accounts including STP/ECN trading, ITRADER has a relatively wide range of Cryptocurrency CFDs.

Minimum deposit and account types

The minimum deposit for IronFX is $100, but for STP/ECN trading it is $500. The minimum deposit for ITRADER is $250.

  • 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.
  • ITRADER provides three CFD trading account types, Silver, Gold and Platinum. The current minimum deposit for Gold and Platinum is available upon request from the account manager assigned to the trader's account. An Islamic account is available on request.
  • ITRADER provides an extensive animated trading course on its website. It also offers eBooks, webinars and daily reviews and provides hedging for all account types. The Gold account additionally provides extra webinars and videos and a dedicated account manager. The Platinum account additionally provides a Free VPS and News Alerts.

Markets

  • On MT4, IronFX offers Forex, Indices, Energy, Metals, Stocks, Soft Commodities and Cryptocurrencies, with 200+ available.
  • On MT4, ITRADER offers Forex, Indices, Energy, Metals, Stocks, Soft Commodities and Cryptocurrencies, with 200+ available.

Cryptocurrency CFDs

  • IronFX offers Bitcoin, Ethereum, Litecoin, Ripple and Cardano.
  • ITRADER offers Bitcoin, Ethereum, Litecoin, Ripple, Cardano, Bitcoin Cash ABC, DASH, Bitcoin Gold, Ethereum Classic, Monero, Bitcoin SV, IOTA, Lisk, NEO, Qtum, Siacoin, Tether, NEM, Stellar, Zcash, Verge, WAVES, TRON and Golem.

Spreads and leverage

  • IronFX's Micro account has a EUR/USD variable spread from 1.1 and a fixed spread from 2.2. The Premium account has a EUR/USD variable spread from 0.7 and a fixed spread from 1.8. The VIP account has a variable EUR/USD spread from 0.5 and a fixed spread from 1.6.
  • IronFX's Live Zero Fixed spread account has an EUR/USD spread of 0 (plus a commission charge). The ECN No Commission account has a variable EUR/USD spread from 1.7 and the ECN account with a commission charge has an EUR/USD spread from 0. The ECN Absolute Zero account has EUR/USD spreads from 0, without a commission charge. Gold spreads are from 0.5, UK100 spreads are from 0.8 and US Crude Oil spreads are from 0.04.
  • ITRADER offers variable spreads, which can vary depending on account type. On ITRADER's Silver account, EUR/USD spreads are from 2.2, UK100 from 2, Gold from 0.59 and US Crude Oil from 0.07. On ITRADER's Platinum account, EUR/USD spreads are from 0.7, UK100 from 1, Gold from 0.37 and US Crude Oil from 0.03.

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

Platforms

Both brokers offer MT4, available for desktop, tablet and mobile and as a web trader.

Why IronFX or ITRADER ?

Both are MT4 brokers. ITRADER has variable spreads, while IronFX can offer fixed or variable spreads.

Comparison summary

  • Both offer CFD trading
  • Each has MT4 as its platform (including an MT4 web trader)
  • Both have a similar number of markets to trade
  • IronFX offers STP/ECN accounts
  • Both are regulated

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