IronFX vs Vantage FX - Online Brokerage Comparison

IronFX vs Vantage FX | Trading Brokers Comparison

IronFX vs Vantage FX Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100MT4200+FCA, CySEC, ASIC, FSCA
$200MT4, MT5180+ASIC, CIMA

IronFX vs Vantage FX Comparison

IronFX is a MetaTrader 4 (MT4) broker offering a range of account types, which includes STP/ECN. Vantage FX also offers MT4 and additionally provides ECN trading on MetaTrader 5 (MT5). Both brokers let the trader use Expert Advisors (EAs) to trade using automated trading strategies (online trading robots). IronFX has a lower minimum deposit than Vantage FX, but for its STP/ECN trading accounts, it has a higher minimum deposit.

IronFX is regulated by the FCA in the United Kingdom, the CySEC in Cyprus, the ASIC in Australia and the FSCA in South Africa. Vantage FX is regulated by the ASIC in Australia and the CIMA in the Cayman Islands.

ECN trading conditions

Both can provide ECN trading on MT4, while Vantage FX additionally offers ECN trading on MT5.

Quick comparison

Both offer MT4, Vantage FX additionally provides MT5.

Minimum deposit and account types

The minimum deposit for IronFX is $100, but for STP/ECN trading it is $500. The minimum deposit for Vantage FX is $200.

  • 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.
  • Vantage FX offers STP, ECN, Islamic and Pro ECN accounts. The STP accounts have a minimum deposit of $200, the ECN accounts have a minimum deposit of $500 and the Pro ECN account has a minimum deposit of $20,000. The minimum trade size is 0.01 lots. Vantage FX supports social and copy trading with ZuluTrade and Myfxbook AutoTrade.
  • Vantage FX's STP accounts do not charge commissions, while the ECN accounts do charge commissions. All accounts allow scalping.
  • Vantage FX's Pro ECN account offers lower commission charges and access to Interbank price feeds.

Markets

  • IronFX offers Forex, Indices, Energy, Metals, Cryptocurrencies, Stocks and Soft Commodities, with 200+ available.
  • Vantage FX offers Forex, Indices, Energy, Metals, Cryptocurrencies, Stocks and Soft Commodities, with 180+ available.

Cryptocurrency CFDs

  • IronFX offers Bitcoin, Ethereum, Litecoin and Ripple.
  • Vantage FX offers Bitcoin, Ethereum, Litecoin, Ripple, DASH and Bitcoin Cash.

Spreads and leverage

  • Both brokers may offer very low Forex spreads for the most liquid Forex pairs, plus a commission charge. Vantage FX also offers Forex spreads without a commission charge from 1.4 and IronFX offers Forex spreads without a commission charge from 0.5 (on the VIP account).

Maximum leverage for IronFX (FCA or CySEC regulated) is . Maximum leverage for IronFX (ASIC regulated) is 1000:1. Maximum leverage for Vantage FX (ASIC or CIMA regulated) is 500:1.

Commission charge

  • IronFX has a commission charge from $6.75 per lot per side.
  • Vantage FX has a commission charge of $3 per lot per side for ECN trading, except for its Pro ECN account which has a commission charge of $1.75 per lot per side.

Online trading platforms

Each provides MT4. Vantage FX additionally provides MT5.

Why IronFX or Vantage FX ?

Traders who wish to trade automated trading strategies with STP order processing can use either broker. IronFX also has a range of other account types with extra features for higher minimum deposits, which may suit traders who wish to deposit larger amounts. However Vantage FX has a Pro ECN account for traders who may want to trade larger volume, which can offer reduced commission charges. Both brokers provide MT4, though Vantage FX can additionally offer the successor to MT4, which is the MT5 trading platform. Both platform allow the trader to use automated trading strategies and to execute trades at their own discretion.

Comparison summary

  • Each broker offers CFD trading
  • Both provide MT4
  • Vantage FX also offers MT5
  • Each broker allows the trader to use trading robots
  • IronFX has a wide range of account types, for both robot and human traders

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