| Online Broker | Minimum Deposit | Trading Platforms | Markets | About |
|---|---|---|---|---|
| IronFX | $50 Minimum Deposit | MT4 Trading Platform | 200+ Markets To Trade | IronFX offers trading on MT4 (including automated trading) and has a wide range of account types for this platform, including fixed spreads and offers copy trading About |
| Plus500 | $100 Minimum Deposit | Plu500 Platform Trading Platforms | 2000+ Markets To Trade | Plus500 provides a user friendly trading platform from desktop to watch app, with a wide range of markets to trade About |
IronFX and Plus500 Comparison
IronFX provides MT4, a platform which allows automated trading with EA robots. Plus500 provides an intuitive, user friendly platform for the trader who plans and executes their own trades. Plus500 has considerably more CFD markets to trade (2000+ vs 200+). IronFX offers platforms which provide social and copy trading.
Quick comparison
IronFX offers MT4, a Cent account, automated trading and copy trading. Plus500 provides a user friendly platform with more markets to trade.
Account types and minimum deposit
- 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.
- Plus500 provides CFD trading. For all traders, Plus500 offers an Economic Calendar on its website covering news events and market effects and has economic data integrated into its platform. Plus500 offers the +Insights tool which provides real time data abut the activity of other Plus500 traders. Additionally, Plus500 offers a Trading Academy on its website as well as News and Market Insights.
Markets
- IronFX offers CFDs on Currency Pairs, Indices, Commodities, Stocks and Cryptocurrencies, with 200+ available.
- Plus500 offers CFDs on Currency Pairs, Indices, Commodities, Stocks, Cryptocurrencies, ETFs and Options, with 2000+ available.
| Broker | Trading Platforms | Description |
|---|---|---|
| IronFX Broker | MT4 Trading Platforms | IronFX offers a wide range of account types for MT4 and provides automated trading and a Cent account Description |
| Plus500 Provider | Plus500 Platform Trading Platforms | Plus500 offers CFD trading on a user friendly platform with a wide range of CFDs Description |
Cryptocurrency CFDs
- IronFX offers CFDs on Bitcoin, Ethereum, Litecoin, Cardano, EOS, Bitcoin Cash, Stellar, Uniswap, Dogecoin, Polkadot, Ripple, Iota, Ethereum Classic, Solana, Tron, OmiseGO, Internet Computer Protocol and IOST.
- Plus500 offers CFDs on Bitcoin, Ethereum, Litecoin, Cardano, EOS, Bitcoin Cash, Stellar, Uniswap, IOTA, NEO, Polygon, VeChain, Solana, Polkadot, Axie Infinity, Filecoin and Chainlink.
Leverage and spreads
Maximum leverage for IronFX Bermuda is 1000:1. Maximum leverage for Plus500 is .
- IronFX offers Forex spreads from 0 plus a commission charge and from 0 without a commission charge (VIP).
- Plus500 offers variable spreads depending on the instrument.
Trading Platforms
IronFX offers MT4 and Plus500 offers a web trader and apps (including a desktop download). MT4 at IronFX is provided as a downloadable platform, apps and as a web trader. Both IronFX and Plus500 say that account balances cannot go negative.
Why IronFX or Plus500 ?
Traders who want to trade on MT4 may do so at IronFX. Traders who want to trade on a user friendly platform can do this at Plus500. Traders who want to trade with a larger number of CFD markets can do so at Plus500. Traders who want to use automated trading or to social and copy trade can do this at IronFX.
Comparison Summary
- Both offer CFD trading
- IronFX offers MT4
- Plus500 has a user friendly platform
- IronFX allows copy trading and automated trading with EA robots
- Plus500 has more CFD markets to trade
