FXOpen versus IronFX Comparison Table
| Online Broker | Minimum Deposit | Trading Platforms | Markets | About |
|---|---|---|---|---|
| FXOpen | $1 Minimum Deposit | MT4, MT5, TickTrader Trading Platform | 600+ Markets To Trade | FXOpen offers trading (incuding automated trading with robots) on MT4, MT5 and TickTrader and has a Cent account with a $1 minimum deposit About |
| IronFX | $50 Minimum Deposit | MT4 Trading Platform | 200+ Markets To Trade | IronFX offers trading on MT4 (and social and copy trading platfoerms) with a wide range of account types, including fixed spreads, Cent and STP/ECN trading accounts About |
FXOpen and IronFX Comparison
Both offer trading on MT4. IronFX focuses on this platform, with a wide range of MT4 account types, however FXOpen additionally provides MT5 (the successor to MT4) and TickTrader. FXOpen has a Cent account with a $1 minimum deposit.
Quick comparison
Both offers MT4, FXOpen additionally provides MT5 and TickTrader and has a Cent account with a low minimum deposit.
Minimum deposit and account types
The minimum deposit for FXOpen is $1. The minimum deposit for IronFX is $50.
- FXOpen offers three accounts types, ECN, STP and Crypto. The ECN account charges commissions on its markets, the STP does not charge commissions. The ECN account has a wider range of market available. The Crypto account is an STP account which additionally offers a range of Cryptocurrencies (which have a commission charge). The minimum trade size is 0.01 lots. Market news and analysis are available via RSS and an economic calendar is provided on FXOpen's website.
- IronFX offers a range of account types and services. These include a Standard account which has a minimum deposit of $50, 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. There is additionally a Cent account, which offers small trade sizes and has a minimum deposit of $50. Social and copy trading is provided via Myfxbook AutoTrade and TradeCopier. The minimum trade size is 0.01 lots except for the Premium and VIP accounts where it is 0.1 lots and the Cent account where it is 0.0001 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 accounts, 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
- FXOpen offers Forex, Indices, Energy, Metals, Cryptocurrencies and Stocks, with 600+ available.
- IronFX offers Forex, Indices, Energy, Metals, Cryptocurrencies, Stocks and Soft Commodities, with 200+ available.
FXOpen vs IronFX Summary Table
| Broker | Trading Platforms | Description |
|---|---|---|
| FXOpen Broker | MT4, MT5, TickTrader Trading Platforms | FXOpen offers a Cent account with a $1 minimum deposit and provides trading (including automated trading) on MT4, MT5 and TickTrader Description |
| IronFX Broker | MT4 Trading Platforms | IronFX provides trading on MT4, with a wide range of account types for this platform, including fixed spreads, Cent and STP/ECN and has social and copy trading Description |
Cryptocurrency CFDs
- FXOpen offers Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple, Iota, EOS, Dashcoin, Ethereum Classic, Emercoin, Monero and NEO.
- IronFX offers Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple, Iota, EOS, Stellar, Tron, OmiseGO, Cardano, Dogecoin, Polkadot, Uniswap, Ethereum Classic, Solana, Internet Computer Protocol and IOST CFDs.
Spreads
- FXOpen offers Forex spread from 0 plus a commission charge. IronFX offers Forex spreads from 0 plus a commission charge and from 0 without a commission charge.
Commissions
- For Forex, FXOpen charges a commission, which depends on volume traded, from $1.5 - $5 per standard lot per side. Other instruments have differing commission charges.
- IronFX's commission charges are from $6.75 per lot per side for Forex.
Online trading platforms
FXOpen offers MT4, MT5 and TickTrader. IronFX offers MT4.
Why FXOpen or IronFX ?
Traders who want to trade on MT4 may do so at either. Traders who want to trade on MT5 (the successor to MT4) can do this at FXOpen. Traders who want to trade on TickTrader (a user friendly platform) can do so at FXOpen. Traders who want to trade using online trading robots can do so at either. Traders who want to trade on a Cent account with a $1 minimum deposit may do so at FXOpen. Traders who want to social and copy trader can do this at IronFX.
Comparison summary
- Both offer CFD trading
- Each provides MT4
- FXOpen additionally offers MT5 and TickTrader
- Both allow automated trading with EA robots (for MetaTrader)
- FXOpen additionally provides automated trading on TickTrader
- IronFX provides social and copy trading platforms
- FXOpen has a Cent account with a $1 minimum deposit
