IC Markets vs. IronFX Comparison

This contrast overview helps customers who struggle to choose between IC Markets and IronFX to find the best online broker for their trading and financial investment needs. It analyzes the highlights of the two brokers alongside to help customers contrast their solution and make a notified choice.

To assist customers choose the best broker in between IC Markets and IronFX to locate the best-suited system, below is a listing of broker’s benefits and drawbacks, adhered to by a contrast of their major trading attributes, including trading platforms & tools, fees, mobile trading, deposit & withdrawal, assets, guideline, and consumer assistance.

IC Markets vs. IronFX: Summary

IC Markets logo

IC Markets is a reputable forex and CFD broker regulated by two tier-one regulators (the ASIC and CySEC). They allow users to trade on over 3,500 symbols including 61 forex pairs and dozens of CFDs on cryptocurrencies, shares and indices.

IC Markets features multiple trading platforms and third party plugins including MetaTrader 4 (MT4), MetaTrade 5 (MT5), cTrader, myfxbook and AutoTrade. They also offer scalable order execution options without requotes and possibilities to place trades within the spread, which makes IC Markets an interesting choice for algorithmic traders.

IC Markets trading fees are among the lowest in the industry. They charge an average spread of 0.2 pips (EUR/USD) without extra commission. They also offer discounts to active traders with a trade volume above 100 lots/month.

IC Markets customer service is available by email, phone, and live chat in English, Arabic, and several other languages.

Iron-fx-logo

IronFX is a forex and CFD broker founded in 2010. Therefore, it is regulated by two tier-one financial authorities (CySec and ASIC) and is considered safe. The broker provides users access to 80 forex pairs and over 300 CFDs on forex, spot metals, and futures. The broker allows trading with up to 1:300 leverage and offers a free demo account for beginner traders.

IronFX fees are below average compared to similar brokers from the industry. They charge low spreads from 0.1 pips (EUR/USD). Additionally, the broker charges 3% inactivity fees after 90 consecutive days of inactivity on any account.

IronFX’s customer support is available through email (support@IronFX.com) and live chat in English and Arabic.

Pros

  • MT4, MT5 and cTrader integration
  • Competitive spreads from 0,0 pips EUR/USD
  • Copy trading features (DupliTrade and Zulutrade)
  • Up to 1:500 leverage
  • Free Equinix NY4 VPS server

Cons

  • Limited educational material
  • Limited availability of assets
  • No research and analysis tools

Pros

  • Low minimum deposit ($100)
  • Competitive forex spreads from 0.8 pips (EUR/USD)
  • Wide range of platforms and plugins (MetaTrader 4, AutoChartist, and Trading Central)
  • Great research and education materials
  • 7 Different account types

Cons

  • Algorithmic trading is only available through MetaTrader 4
  • High inactivity fees (3% of account balance after 90 days)

Key features

  • Access to over 2,000 CFDs on forex, cryptos and stocks
  • Compatible with MT4, MT5 and cTrader
  • Islamic swap-free account availability
  • Raw spreads from 0,0 pips EUR/USD
  • Fast and reliable trade execution
  • Access to Expert Advisors (EA’s) and other forms of automated trading

Key features

  • Access to over 80 forex pairs and 300 CFDs
  • Compatible with MT4 and Trading Central
  • Excellent Copy Trading features
  • Advanced charting and analysis tools
  • Welcome bonuses for new users
  • Commission-free CFD trading and low floating spreads from 0,0 pips

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IC Markets logo

IC Markets

Open account Read review

73.59% of retail CFD accounts lose money

BROKER COMPARISON

IC Markets logo
Iron-fx-logo

Overall rating

4,5/5

3,7/5

Overall rating

4,5/5

3,7/5

Trading Platform & Tools

4.4

3.5

See details
Automated Trading
Charting Tools
Conditional Orders
cTrader
Demo Account
Desktop Platform
Max Leverage 1:500 1000:1
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
Mobile Version
Mutual Fund Management
Proprietary Platform
Social/Copy Trading
Trading Alerts
Trading signals
Watchlist
Web Version

Fees

4.7

3.6

See details
Withdrawal Fee 0 0
Deposit Fee 0 0
Inactivity Fee 0 3% on withdrawal if you have not entered a trade after deposit
Cost Per Trade $3.5 per lot 0
Cost Per Month 0 0
Forex (EUR/USD) 0 0.7
Stocks & ETF 0 0
CFD (Gold) 0 0.6
Crypto 0 0
Options 0 0
Conversion Fees 0
Misc. Fees 0
Overnight Fees 0

Mobile Trading

5.0

3.9

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

4.8

3.5

See details
Minimum deposit (in UAE) $200 $100.00
Bank Wire
Credit/Debit Card
Cash
Check
Islamic Account Transfer
E-payments
Paypal
Skrill
Neteller

Assets

3.6

2.7

See details
Shares 0 0
ETF & Funds 0 0
Crypto 0 0
Commodities 0 0
Indices 0 0
Options 0 0
Futures 0 27
Bonds 0 0
Forex 61 84
CFD Indices & Funds 25 21
CFD Stocks 730 150
CFD Commodities 22 16
CFD Crypto 18 0
CFD Bonds 11 0
Binary Options 0 0
SWAPS 0 0
Saving Plans 0 0

Regulation

5.0

5.0

See details
Tier 1 License
Tier 2 License
Tier 3 License

Research & Education

4.8

2.8

See details
Webinars
Educational Resources
Daily News Updates
Market Indepth Analysis
Pers. Training & Room
Market Research

Customer Support

3.7

4.3

See details
Email
Phone
Live Chat
24/7 support
Multilingual
Personal Account Manager

Winner

IC Markets vs. IronFX Comparison Conclusion

The results of our comparison of IC Markets vs. IronFX are wrapped up in the table listed below.

Broker:Best For:
IC MarketsForex and CFDs; Algorithmic Trading
IronFXForex and CFD Trading & Social Copy Trading

Picking the ideal option between IC Markets and IronFX can be hard. Both online brokers have resemblances but vary regarding trading tools, platforms & apps, law, down payment & withdrawals, and research study and education and learning. Picking the most effective broker depends upon customers’ trading & investment objectives, individual preferences, and experience level.

To make a better-informed decision, users can read our detailed broker reviews, comparison or use our broker selector to help them find the ideal broker.

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