Compare IronFX vs USGFX - Online Brokerage Comparison

Compare IronFX vs USGFX

IronFX versus USGFX Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100MT4200+FCA, ASIC, CySEC, FSCA
$100MT4, MT560+ASIC

IronFX and USGFX Comparison

These are both MT4 brokers, with a range of account types. IronFX offers a range of account types, either instant execution or STP/ECN market execution. USGFX provides STP/ECN accounts which can provide lower Forex spreads (without a commissions charge) with higher minimum deposits. On its instant execution accounts, IronFX offers spreads which can be lower with higher minimum deposits.

On its STP/ECN accounts, IronFX offers either low Forex spreads with a commission charge or higher spreads without. IronFX can provide low Forex spreads, without a commission charge on its Absolute Zero account.

IronFX offers more markets to trade. Both provide MT4, though USGFX can also offer MT5. IronFX and USGFX are both regulated by the ASIC in Australia. IronFX is additionally regulated by the FCA in the United Kingdom, the CySEC in Cyprus and the FSCA in South Africa.

Quick comparison

Both brokers offer STP/ECN trading on MT4. IronFX also has a range of other account types (on MT4). USGFX provides MT5 as well (for STP/ECN trading).

Minimum deposit and account types

The minimum deposit for IronFX is $100, but for STP/ECN trading it is $500. The minimum deposit for USGFX 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.
  • USGFX offers four account types. These are Mini, Standard, VIP and Pro-ECN. The minimum deposit for the Mini account is $100, the minimum deposit for the Standard account is $10,000, and the minimum deposit for both the VIP and Pro-ECN accounts are $50,000. The different account types can offer lower spreads, with the lowest being available on the VIP account. All account types have a minimum trade size of 0.01 lots.
  • USGFX provides Trading Central, the Recognia Trading System (which provides trading ideas), analysis, one on one coaching and an Education Center on its website with webinars, seminars, a trading guide and Blog, along with contests.

Markets

  • IronFX offers Forex, Indices, Energy, Cryptocurrencies, Metals, Stocks and Soft Commodities, with 200+ available.
  • USGFX offers Forex, Indices, Energy, Cryptocurrencies and Precious Metals, with 60+ available.

Cryptocurrency CFDs

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

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.
  • USGFX offers variable spreads. On the Mini account, EUR/USD is from 2.8, on the Standard account EUR/USD is from 2.2, on the Pro-ECN account EUR/USD is from 1.5 and on the VIP account EUR/USD is from 1.3.
  • USGFX offers Gold spreads from 0.50 on all accounts except VIP, where they are from 0.36. US Oil spreads are from 0.027, plus commission.

Maximum leverage for IronFX (FCA or CySEC regulated) is . Maximum leverage for IronFX (ASIC regulated) is 500:1 (but for STP/ECN it is 200:1). Maximum leverage for USGFX is 500:1, except on the Pro-ECN account where it is 100:1.

Commissions

  • IronFX's commission charges are from $6.75 per lot per side for Forex and $15 per lot per side for Gold.
  • USGFX does not charge commissions for Forex or Precious Metals. It does charge commissions of $5 per lot per side for CFDs.

Platforms

Both brokers offer MT4 on desktop and apps and MT4 web traders. USGFX additionally has MT5, desktop and apps.

Why IronFX or USGFX ?

Both offer MT4 and STP/ECN trading, though IronFX has other account types. USGFX also provides MT5.

Comparison summary

  • Both brokers offer STP/ECN trading
  • IronFX also provides instant execution (live) accounts
  • Its live accounts have increased services with higher minimum deposits
  • USGFX can offer lower STP/ECN Forex spreads with account types requiring a higher minimum deposit
  • IronFX offers a range of STP/ECN accounts, with a commission charge and without
  • Both offer MT4, USGFX also provides MT5
  • IronFX can offer more markets to trade
  • USGFX has a lower minimum deposit for STP/ECN trading

Search this site

Translate