This contrast guide assists customers that battle to select between IronFX and Next Markets to discover the very best online broker for their trading and investment demands. It assesses the main features of the two brokers side by side to help customers contrast their service and make an informed choice.
To assist customers pick the right broker in between IronFX and Next Markets to discover the best-suited system, below is a list of broker’s advantages and disadvantages, followed by a contrast of their main trading attributes, including trading platforms & tools, costs, mobile trading, down payment & withdrawal, assets, law, and customer support.
IronFX vs. Next Markets: Summary
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.
Next Markets is a multi-asset CFD broker based in Germany. It is regulated by the MFSA and is considered safe. The broker allows users to trade over 7,000 stocks, 1,000 ETFs, and CFDs on cryptos, forex, commodities, and bonds.
Next Market’s fees are below average compared to similar brokers in the industry. They charge 0% commission on stock and ETFs and low fees on CFDs. Forex spreads start from 0.6 pips (EUR/USD). The broker does not charge any withdrawal on inactivity fees.
Next Market’s customer service is available from Monday to Friday from 09:00 to 18:00 by email and phone (+49 221 98259 007).
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)
Pros
- Low minimum deposit ($0)
- 0% commission stocks and ETFs
- Low spreads from 0.6 pips (EUR/USD)
- Free trading signals
- No hidden commissions or non-trading fees
Cons
- Algorithmic trading is not available
- Limited advanced trading tools and features
- No demo or Islamic swap-free accounts are available
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
Key features
- Access to 8,000 financial instruments
- Broad range of deposit & withdrawal methods
- User friendly mobile app
- Competitive trading fees, spreads, and commissions
- Beginner friendly trading tools and features
- User friendly mobile app
IronFX vs. Next Markets Comparison
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IronFX
Next Markets
BROKER COMPARISON
Trading Platform & Tools
| Automated Trading | ||
| Charting Tools | ||
| Conditional Orders | ||
| cTrader | ||
| Demo Account | ||
| Desktop Platform | ||
| Max Leverage | 1000:1 | 100:1 |
| MetaTrader 4 (MT4) | ||
| MetaTrader 5 (MT5) | ||
| Mobile Version | ||
| Mutual Fund Management | ||
| Proprietary Platform | ||
| Social/Copy Trading | ||
| Trading Alerts | ||
| Trading signals | ||
| Watchlist | ||
| Web Version |
Fees
| Withdrawal Fee | 0 | 0 |
| Deposit Fee | 0 | 0 |
| Inactivity Fee | 3% on withdrawal if you have not entered a trade after deposit | 0 |
| Cost Per Trade | 0 | 0 |
| Cost Per Month | 0 | 0 |
| Forex (EUR/USD) | 0.7 | 0 |
| Stocks & ETF | 0 | 0 |
| CFD (Gold) | 0.6 | 0 |
| Crypto | 0 | 0 |
| Options | 0 | 0 |
| Conversion Fees | 0 | 0 |
| Misc. Fees | 0 | 0 |
| Overnight Fees |
Deposit & Withdrawal
| Minimum deposit (in UAE) | $100.00 | $0.00 |
| Bank Wire | ||
| Credit/Debit Card | ||
| Cash | ||
| Check | ||
| Islamic Account Transfer | ||
| E-payments | ||
| Paypal | ||
| Skrill | ||
| Neteller |
Assets
| Shares | 0 | 7000 |
| ETF & Funds | 0 | 1000 |
| Crypto | 0 | 0 |
| Commodities | 0 | 0 |
| Indices | 0 | 0 |
| Options | 0 | 0 |
| Futures | 27 | 0 |
| Bonds | 0 | 0 |
| Forex Instruments | 84 | 0 |
| CFD Indices & Funds | 21 | 1000 |
| CFD Stocks | 150 | 7000 |
| CFD Commodities | 16 | 0 |
| CFD Crypto | 0 | 0 |
| CFD Bonds | 0 | 0 |
| Binary Options | 0 | 0 |
| SWAPS | 0 | 0 |
| Saving Plans | 0 | 0 |
Research & Education
| Webinars | ||
| Educational Resources | ||
| Daily News Updates | ||
| Market Indepth Analysis | ||
| Pers. Training & Room | ||
| Market Research |
Customer Support
| Phone | ||
| Live Chat | ||
| 24/7 support | ||
| Multilingual | ||
| Personal Account Manager |
Winner
IronFX vs. Next Markets Comparison Conclusion
The results of our comparison of IronFX vs. Next Markets are wrapped up in the table below.
| Broker: | Best For: |
| IronFX | Forex and CFD Trading & Social Copy Trading |
| Next Markets | Stocks and ETF trading and investing |
Choosing the right option between IronFX and Next Markets can be hard. Both on the internet brokers have similarities however differ concerning trading tools, systems & apps, guideline, deposit & withdrawals, and research study and education and learning. Picking the most effective broker depends on individuals’ trading & financial investment objectives, private choices, 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.