IronFX vs. XM Comparison

This comparison guide assists customers who have a hard time to pick between IronFX and XM to discover the very best online broker for their trading and financial investment demands. It evaluates the highlights of the two brokers side-by-side to help users contrast their solution and make an informed choice.

To assist individuals choose the appropriate broker in between IronFX and XM to find the best-suited platform, listed below is a list of broker’s benefits and drawbacks, complied with by a contrast of their main trading functions, consisting of trading systems & tools, fees, mobile trading, deposit & withdrawal, possessions, policy, and customer assistance.

IronFX vs. XM: Summary

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.

XM logo

XM is a Best-in-Class broker offering a complete MetaTrader suite coupled with upgrades to enhance trading experience and use of custom indicators. Through its various brands, XM offers traders a total of 1,230 CFDs across multiple asset classes, including forex, cryptos, stocks and CFDs.

XM offers low min deposits and wide range of account types. XM Forex offers low spreads and flexible lot sizes and is considered an average-risk trader. They are privately owned and do not operate a bank.

XM is regulated and authorized by the Australian Securities & Investment Commission (ASIC) and the UK’s Financial Conduct Authority (FCA)

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

  • Very good customer support
  • Very competitive trading fees
  • Good choice of different trading platforms

Cons

  • Could have more deposit and withdrawal options

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 1,000+ trading instruments
  • Trade the markets your way using one or multiple of the 16 available trading platforms including MT4 and MT5
  • No re-quotes nor order rejections
  • Broad range of educational material offered in the form of webinars, videos, live trading education sessions, and podcasts
  • Extensive research tools via XM Research Centre including trade ideas, technical summaries, and a detailed economic calendar
  • Free VPS perfectly suited for EAs and other automated trading software

IronFX vs. XM Comparison

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XM logo

XM

Open account Read review

75.59% of retail CFD accounts lose money

BROKER COMPARISON

Iron-fx-logo
XM logo

Overall rating

3,7/5

4,1/5

Overall rating

3,7/5

4,1/5

Trading Platform & Tools

3.5

3.9

See details
Automated Trading
Charting Tools
Conditional Orders
cTrader
Demo Account
Desktop Platform
Max Leverage 1000:1 1:888
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
Mobile Version
Mutual Fund Management
Proprietary Platform
Social/Copy Trading
Trading Alerts
Trading signals
Watchlist
Web Version

Fees

3.6

4.1

See details
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 1.6 pips
Stocks & ETF 0 0,1% – (min $5)
CFD (Gold) 0.6 3 pips
Crypto 0
Options 0 0
Conversion Fees 0 0
Misc. Fees 0 0
Overnight Fees

Mobile Trading

3.9

4.0

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

3.5

3.8

See details
Minimum deposit (in UAE) $100.00 $5
Bank Wire
Credit/Debit Card
Cash
Check
Islamic Account Transfer
E-payments
Paypal
Skrill
Neteller

Assets

2.7

2.8

See details
Shares 0 100
ETF & Funds 0 0
Crypto 0 0
Commodities 0 0
Indices 0 0
Options 0 0
Futures 27 0
Bonds 0 0
Forex Instruments 84 55
CFD Indices & Funds 21 14
CFD Stocks 150 1286
CFD Commodities 16 14
CFD Crypto 0 5
CFD Bonds 0 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

2.8

5.0

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

Customer Support

4.3

4.5

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

Winner

IronFX vs. XM Comparison Conclusion

The results of our contrast of IronFX vs. XM are involved the table listed below.

Broker:Best For:
IronFXForex and CFD Trading & Social Copy Trading
XMResearch & Education

Choosing the ideal option in between IronFX and XM can be tough. Both online brokers have resemblances but vary pertaining to trading instruments, platforms & apps, guideline, down payment & withdrawals, and study and education. Selecting the very best broker depends upon 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.

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