Exness vs IronFX - Fees Review included
Which broker is better Exness or IronFX? Our expert assessment conducted according to TU’s own methodology showed that Exness is one of the top brokers in the financial market with the TU Overall Score of 8.9 out of 10. IronFX is one of the top brokers in the financial market with the TU Overall Score of 7.13 out of 10. Find out more about TU Overall Score.
| Feature | Exness | IronFX |
|---|---|---|
Overall |
4.7 |
3.5 |
4.8 |
2.1 |
|
4.8 |
2.9 |
|
3.9 |
4.2 |
|
Investment Instruments |
4.1 |
4.6 |
Platforms and Charting Tools |
4.2 |
4.4 |
Deposit and Withdrawal |
4.6 |
3.7 |
Research |
4.7 |
3.9 |
Education |
4.8 |
4.7 |
Support |
4.5 |
3.9 |
Bonuses |
3.1 |
4.8 |
|
|
|
Exness vs IronFX: Pros and Cons
Exness Trading Company has been working in the Forex market since 2008. The broker’s activity is managed by Nymstar Limited, a company registered in the Republic of Seychelles. The service is regulated by licenses of CySEC (Cyprus Securities Commission), FCA (Office of Financial Regulation and Supervision of Great Britain) and FSA (Office of Financial Regulation and Supervision of the Republic of Seychelles). The broker holds the leading position in Forex ratings. The company’s monthly trading turnover totals $325.8 billion USD. The broker currently has CFDs available for cryptocurrency, stocks, more than 120 currency pairs, energy and metals. Exness’s service provides favorable working conditions for traders: low commission, instant execution of orders and withdrawal of funds. An infinite leverage makes it possible to earn on small deposits up to $999. There are several options for opening an account depending on the traders’ needs. A demo account is available - a training account that is useful for both beginner level traders and professional traders.
The IronFX broker has been serving clients globally for over 10 years. It offers terms for both active and passive income. The company is registered in Bermuda, and there are no regulatory bodies and no licenses. During its tenure, the broker has received over 30 awards but doesn’t provide data on nominations. When asked about regulation, the broker's support service says that there are several licenses, including the permits of the CySEC (Cyprus) and FCA (Great Britain) regulators. Indeed, a detailed analysis reveals inconsistencies, which are described in more detail in the "Security and protection for clients of IronFX " section. Please note, that the absence of a license means that there is no protection against a broker not fulfilling its obligations and that there is no guarantee of protecting the interests of investors.
| Exness | IronFX | |
|---|---|---|
| Overall Pros | Trading With Leverage up to 1:2000 | wide range of trading assets |
| Big choice of ECN/STP accounts | variety of bonus programs and promotions | |
| Low trading and non trading fees | ||
| Free VPS hosting | ||
| Quotes history | ||
| Overall Cons | Not a big choice of trading assets | Poor regulation |
| No forex bonuses | the information published on the site is incomplete | |
| there are frequent slippages | ||
| periodic delay in withdrawing funds | ||
| High spreads and ECN trading fees |
Exness vs IronFX: Safety and Regulation
| Exness | IronFX | |
|---|---|---|
Max. Regulation Level |
Tier-1 |
Tier-1 |
Investor protection |
€20,000 £85,000 |
€20,000 £85,000 |
FCA UK Regulation |
Yes |
Yes |
FINRA (U.S) |
No |
No |
BaFin (Germany) |
No |
No |
ASIC (Australia) |
No |
No |
CFTC (U.S) |
No |
No |
MAS |
No |
No |
FSCA SA |
Yes |
No |
BVI FSC |
Yes |
No |
VFSC |
No |
No |
FSA (Seychelles) |
Yes |
No |
Exness vs IronFX: Trading Conditions
| Trading Conditions | Exness | IronFX |
|---|---|---|
Minimum Deposit |
$1 |
$50 |
Trading Platforms |
MT4, MT5, MultiTerminal |
MetaTrader 4, WebTrader |
Max Leverage (Futures) |
1-2000 |
1-1000 |
Supported Markets |
Currencies, assets of stock and commodity markets, cryptocurrencies |
Currency pairs, stocks, metals, indices, futures, commodities, and cryptocurrencies |
Trading assets |
100+ |
300+ |
Trading Accounts |
Standard, Standard Cent, Standart Plus, Raw Spread, Zero, Pro |
Micro, Premium, VIP, Zero Fixed, No commission, Zero Spread, Absolute Zero, demo account |
Base Account Currencies |
USD |
USD, EUR, GBP, AUD, JPY, BTC, PLN, CZK JPY, BTC, PLN, and CZK |
Exness vs IronFX: Fees
| Exness | IronFX | |
|---|---|---|
Standard acc. spread EUR/USD, min pips |
0,6 |
0,7 |
Standard acc. spread EUR/USD, max pips |
1,5 |
1,2 |
ECN Commission |
3 |
2 |
ECN Spread EUR/USD |
0,1 |
0,4 |
Deposit fee, % |
No |
No |
Withdrawal fee, % |
No |
No |
Withdrawal fee, USD |
No |
No |
Inactivity fee, $ |
No |
No |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
Exness vs IronFX: Trading Assets
| Asset Name | Exness | IronFX |
|---|---|---|
Overall |
100+ trading assets |
300+ |
Forex |
Yes |
Yes |
Stocks |
Yes (CFD) |
Yes (CFD) |
Metals |
Yes (CFD) |
Yes (CFD) |
Cryptocurrencies |
Yes (CFD) |
Yes (CFD) |
Energy |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes (CFD) |
Yes (CFD) |
ETFs |
No |
No |
Bonds |
No |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
No |
No |
Binary Options |
No |
No |
Exness or IronFX: Investment Programs
| Asset Name | Exness | IronFX |
|---|---|---|
Copy Trading |
Yes |
Yes |
MAM/PAMM |
No |
Yes |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: IronFX or Exness
| Exness | IronFX | |
|---|---|---|
MT4 |
Yes |
Yes |
MT5 |
Yes |
Yes |
cTrader |
No |
No |
Appropriate platform |
Exness terminal |
No |
Others |
No |
No |
|
|
|
Exness vs IronFX: Deposit and Withdrawal Methods
| Exness | IronFX | |
|---|---|---|
Bank Wire |
Yes |
Yes |
Bank Card |
Yes |
Yes |
Neteller |
Yes |
Yes |
BTC |
Yes |
Yes |
Wise |
No |
No |
Payoneer |
No |
No |
USDT |
Yes |
Yes |
Exness vs IronFX: Research
| Research Type | Exness | IronFX |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
Yes |
No |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
Yes |
Yes |
E-Mail Reports |
Yes |
No |
Exness vs IronFX: Education
| Education Type | Exness | IronFX |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
Yes |
Yes |
Articles |
Yes |
Yes |
Videos |
Yes |
Yes |
Cent account |
Yes |
No |
IronFX vs Exness: Support
| Support Features | Exness | IronFX |
|---|---|---|
Working Days |
24/5 |
24/5 |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Online chat |
Yes |
Yes |
Other |
No |
No |
Exness vs IronFX: Forex Bonuses and Promo
| Promo | Exness | IronFX |
|---|---|---|
Forex Bonus |
Not offered |
"100% Unlimited Sharing Bonus" The "40% Power Bonus up to $4,000" "20% Iron Bonus up to $2,000" |
Affiliate Program |
40% of trading commissions |
“Introducing Broker” (IB). Opening a personal account as a broker's representative gives you an advantage in the form of extra bonuses, contests, more favorable trading terms, and rebates. |
Other Promos |
||
|
|
|
Top 5 Reviews on IronFX
-
Comment
I use it as part of my 'broker portfolio', and I recommend for all to do the same. No reason to have 1 broker for everything. This is great for gold and metals, mby some commodities, and definitely majors trading. For everything else , I just prefer not to use it, and have fun elsewhere.
-
Comment
If there wasnt such a huge history behind them, they would be just one of many, but with so many people having been first experience with them, they're obviously pretty culturaly significant, to this space. Still continuing to offer decent spreads, still #1 in terms of account number, good promos, good academy. But the support and the keeping up with whats happening inside could be better I think, they could be more proactive, and not just sit on the laurels.
-
Comment
IronFX offers trading conditions suitable for both beginners and experienced speculators. You can choose between fixed and floating spreads. Personally, I prefer working with floating spreads starting from 0.0 pips. MT4, AutoTrade, and VPS support are available — everything needed for stable trading. I’ll also highlight that the broker offers leverage up to 1:1000 on CFDs for silver and oil, which is quite rare. Despite the offshore registration, everything has been fine so far — withdrawals are stable, and I haven’t encountered any issues.
-
Comment
IronFX offers a unique TradeCopier service that lets you tap into the experience of other traders. Everything is automated, with customizable risk settings. I also liked their mobile terminal, which integrates with the client dashboard and supports VPS — convenient for trading via smartphone or tablet. The promotions and bonuses didn’t disappoint either: I received a $150 bonus on a $500 deposit. Withdrawals went smoothly — the funds were on my card within 48 hours.
-
Comment
Overall, smooth trading there. Reliable broker that has something to offer for the beginners. I did not spend much time learning the ropes.
Top 5 Reviews on Exness
-
Comment
I've been using Exness for several months now to trade currency pairs and cryptocurrencies. The minimum deposit is just $10 for most accounts, and $200 for a Pro account. I really appreciate that the company supports over 35 currencies, including EUR, CHF, ZAR, and INR. As for leverage, it starts at 1:2000 and can go up to unlimited if you open 10 positions with a combined volume of at least 5 lots. During this time, I've tested several platforms: MT4, MT5, and Exness’s own terminal. The spreads are tight — from 0.3 pips on the Standard Cent account and from 0.1 pips on the Pro account. I've never experienced any delays with withdrawals — funds arrive quickly, even at night. Overall, Exness leaves a strong impression as a modern and reliable broker.
-
Comment
Exness offers a user-friendly account dashboard and fast registration. It supports cards, transfers, Tether, WebMoney, Skrill, and more. Account currencies include USD, EUR, INR, ZAR, and others. I liked that you can open accounts and test the terminal in demo mode before switching to live trading. However, it's worth noting that the educational materials are available only in English, which may not be convenient for everyone.
-
Comment
Among brokers, Exness stands out for its wide selection of account types: Standard, Cent, Pro, Zero, and Raw Spread. The spread on Standard Plus starts from 1 pip, while on Pro it starts from 0.1. The client area includes a built-in calculator for commissions and margin, making it easy to estimate trade size. Negative balance protection is available, though PAMM accounts are not supported. VPS hosting is offered only with a minimum deposit of $500 and 14 days of trading activity.
-
Comment
The broker Exness offers leverage up to 1:2000, but in actual trading it's limited to 1:500 for volumes up to 5 lots, or 1:200 for 500+ lots. This system is more tailored for professionals. Withdrawals are indeed fast — funds reach your card or wallet within 1–2 minutes.
-
Comment
I tested copy trading through the Exness Social Trading platform. The setup was quick, and you can use it via browser or mobile app. A minimum deposit of $500 gives access to strategies with a subscription. Returns can reach 30–35% per month, but this depends on the specific trader. I liked that you can choose the time period and risk level. The subscription can be canceled at any time without penalties.
FAQs
What should I start Forex trading with?
It is desirable for novice traders to explore trading using a demo account to learn the market and how to work on the trading platform without the risk of suffering losses. At the same time, it is advisable to review the educational materials of the broker, learn trading basics. Then you can deposit the minimum required amount to perform a small number of transactions. If you manage to close several months in a row in the black, without substantial drawdowns on the account, then you can try increasing your deposit. Also trying to copy trades automatically is a good option for a start.
What amount should I start trading with?
The minimum deposit of $10 may be enough to trade on the cent account. However, for trading on Standard/ECT accounts, experts recommend starting with at least $200-500. With this amount, you can use not a very big leverage. Remember, getting carried away with the margin is the main cause of losses among beginners.
What should I take into consideration when choosing a broker?
Experts recommend looking at the broker’s reliability first and foremost. The other important features include basic trading conditions, commissions and fees, customer reviews. If brokers are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One broker may be good for professionals and another – for novice traders.
Is it possible to be scammed by a broker with a license from a reputable regulator?
In theory, yes. But in practice, it takes so much time and money to comply with the requirements of reputable regulators that it is not worth it for scammers to bother obtaining a legitimate license.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.