This contrast guide assists users that have a hard time to select in between IronFX and Plus500 to discover the most effective online broker for their trading and financial investment needs. It assesses the highlights of both brokers side by side to aid individuals contrast their solution and make an educated decision.
To assist users choose the appropriate broker in between IronFX and Plus500 to locate the best-suited system, below is a list of broker’s pros and cons, followed by a comparison of their primary trading attributes, including trading platforms & tools, costs, mobile trading, down payment & withdrawal, assets, regulation, and consumer assistance.
IronFX vs. Plus500: 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.
Plus500 is a reputable CFD online broker licensed by the DFSA (F005651). They offer access to a wide range of assets including 2,800 CFDs on stocks & ETFs, cryptos, futures, forex, commodities, and indices. The Plus500 trading platform offers basic trading tools including Technical analysis charts, real-time quotes, quick buy and sell options from the same window and 3 order different types (market, limit stop order).
Plus500 trading fees are average compared to similar forex and CFD brokers. They charge an average spread of 0.8 pips (EUR/USD) without any commission. Plus500 charges non trading fees in the form of overnight fees, currency conversion fees, guaranteed stop order fees, and inactivity fees.
Plus500’s customer service is available 24/7 (even during the weekends and holidays) by phone, email, WhatsApp, and live chat.
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 ($100)
- Competitive spread of 0.8 pips EUR/USD
- Multiple order types and technical indicators
- Excellent customer service
- Negative balance protection
- Intuitive mobile trading app
Cons
- Relatively high fees compared to other brokers
- Limited markets
- Limited charting tools and features
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 3,000 CFDs
- Beginner-friendly demo account and educational resources
- Low, floating spreads from 0.8 pips EUR/USD
- Advanced (conditional) order types available such as GSOs and TSOs
- Free unlimited demo paper trading account
- Fast account opening
IronFX vs. Plus500 Comparison
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IronFX
Plus500
BROKER COMPARISON
Trading Platform & Tools
| Automated Trading | ||
| Charting Tools | ||
| Conditional Orders | ||
| cTrader | ||
| Demo Account | ||
| Desktop Platform | ||
| Max Leverage | 1000:1 | 1:30 |
| 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 | $10 |
| Cost Per Trade | 0 | 0 |
| Cost Per Month | 0 | 0 |
| Forex (EUR/USD) | 0.7 | 0.8 pips |
| Stocks & ETF | 0 | 0 |
| CFD (Gold) | 0.6 | 7.2 pips |
| Crypto | 0 | 0 |
| Options | 0 | 0 |
| Conversion Fees | 0 | |
| Misc. Fees | 0 | |
| Overnight Fees |
Deposit & Withdrawal
| Minimum deposit (in UAE) | $100.00 | $100 |
| Bank Wire | ||
| Credit/Debit Card | ||
| Cash | ||
| Check | ||
| Islamic Account Transfer | ||
| E-payments | ||
| Paypal | ||
| Skrill | ||
| Neteller |
Assets
| Shares | 0 | 0 |
| ETF & Funds | 0 | 0 |
| Crypto | 0 | 0 |
| Commodities | 0 | 0 |
| Indices | 0 | 0 |
| Options | 0 | 0 |
| Futures | 27 | 0 |
| Bonds | 0 | 0 |
| CFDs on Forex Instruments | 84 | 60 |
| CFD Indices & Funds | 21 | 430 |
| CFD Stocks | 150 | 1000 |
| CFD Commodities | 16 | 22 |
| 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. Plus500 Comparison Conclusion
The outcomes of our contrast of IronFX vs. Plus500 are wrapped up in the table listed below.
| Broker: | Best For: |
| IronFX | Forex and CFD Trading & Social Copy Trading |
| Plus500 | CFD trading and investing |
Choosing the right option between IronFX and Plus500 can be challenging. Both on the internet brokers have similarities but vary pertaining to trading tools, systems & applications, regulation, deposit & withdrawals, and research study and education. Choosing the most effective broker relies on users’ trading & investment goals, individual 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.