IronFX vs Trading.com - Fees Review included
Which broker is better IronFX or Trading.com? Our expert assessment conducted according to TU’s own methodology showed that IronFX is one of the top brokers in the financial market with the TU Overall Score of 7.64 out of 10. Trading.com is one of the top brokers in the financial market with the TU Overall Score of 5.44 out of 10. Find out more about TU Overall Score.
| Feature | IronFX | Trading.com |
|---|---|---|
Overall |
3.5 |
2.7 |
2.1 |
5 |
|
2.9 |
3.7 |
|
4.2 |
4.1 |
|
Investment Instruments |
4.6 |
1 |
Platforms and Charting Tools |
4.4 |
3.1 |
Deposit and Withdrawal |
3.7 |
3.6 |
Research |
3.9 |
1 |
Education |
4.7 |
1 |
Support |
3.9 |
3.5 |
Bonuses |
4.8 |
1 |
|
|
IronFX vs Trading.com: Pros and Cons
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.
Trading.com is a UK broker whose full name is Trading Point. Previously, it was called XMUK, but in 2019 it was rebranded and the company began to operate under its new title: Trading.com. The company offers to trade six asset classes such as currency pairs, metals, as well as CFDs on stocks, stock indices, commodity futures, and energy resources. More than 1,250 assets are available in total. The main office is located in London, the broker is regulated by the FCA (Financial Conduct Authority), and its registration number 705428
| IronFX | Trading.com | |
|---|---|---|
| Overall Pros | wide range of trading assets | Favorable trading conditions - average spreads in major pairs are 0.6 pips |
| variety of bonus programs and promotions | The minimum deposit/withdrawal for our trading accounts is $5 | |
| All transaction costs are covered by the broker | ||
| Overall Cons | Poor regulation | The broker offers only active trading services. Investment programs, training, analytics are absent |
| the information published on the site is incomplete | The broker strictly adheres to the requirements of the regulator. Therefore, the maximum leverage is up to 1:30 | |
| there are frequent slippages | ||
| periodic delay in withdrawing funds | ||
| High spreads and ECN trading fees |
IronFX vs Trading.com: Safety and Regulation
| Regulated By: | IronFX | Trading.com |
|---|---|---|
US Regulation |
No |
No |
FCA (Great Britain) |
No |
Yes |
CySec (Cyprus, EU) |
No |
No |
ASIC (Australia) |
No |
No |
Other Regulators |
Bermuda - registration number 51491 |
No |
IronFX vs Trading.com: Trading Conditions
| Trading Conditions | IronFX | Trading.com |
|---|---|---|
Minimum Deposit |
$50 |
$5 |
Trading Platforms |
MetaTrader 4, WebTrader |
МТ5 |
Max Leverage (Futures) |
1-1000 |
1-30 |
Supported Markets |
Currency pairs, stocks, metals, indices, futures, commodities, and cryptocurrencies |
Forex, Commodities, Indices, stocks |
Trading assets |
300+ |
1250+ |
Trading Accounts |
Micro, Premium, VIP, Zero Fixed, No commission, Zero Spread, Absolute Zero, demo account |
Ultra-Low Standard, Ultra-Low Micro |
Base Account Currencies |
USD, EUR, GBP, AUD, JPY, BTC, PLN, CZK JPY, BTC, PLN, and CZK |
EUR, USD, GBP, CHF, AUD, PLN, HUF |
IronFX vs Trading.com: Fees
Forex Trading Fees
| Fee | IronFX | Trading.com |
|---|---|---|
Standard Account EURUSD Average Spread |
1.8 pips |
From 0.6 Pips |
Standard Account Fee |
$0 |
$0 |
ECN/STP Account Fee |
Zero Spread account - $13.5/Lot |
Not supported |
ECN Account EUR Average Spread |
0.0 pips |
Not supported |
CFD Trading Fees
| Fee | IronFX | Trading.com |
|---|---|---|
CFD Trading Fee |
Floating spread |
Floating spread |
Non-Trading Fees
| Fee | IronFX | Trading.com |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
No |
Withdrawal Fee |
No |
No |
Inactivity Fee |
3% ‘no trading’ fee when a trader has deposited and requested to withdraw funds without ever entering one trade |
No |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
IronFX vs Trading.com: Trading Assets
| Asset Name | IronFX | Trading.com |
|---|---|---|
Overall |
300+ |
1250+ |
Forex |
Yes |
Yes |
Stocks |
Yes (CFD) |
Yes (CFD) |
Metals |
Yes (CFD) |
Yes (CFD) |
Cryptocurrencies |
Yes (CFD) |
No |
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 |
IronFX or Trading.com: Investment Programs
| Asset Name | IronFX | Trading.com |
|---|---|---|
Copy Trading |
Yes |
No |
MAM/PAMM |
Yes |
No |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: Trading.com or IronFX
| IronFX | Trading.com | |
|---|---|---|
MT4 |
Yes |
No |
MT5 |
Yes |
Yes |
cTrader |
No |
No |
Appropriate platform |
No |
No |
Others |
No |
No |
|
|
IronFX vs Trading.com: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | IronFX | Trading.com |
|---|---|---|
Bank Transfer |
Yes |
Yes |
Debit Card |
Yes |
Yes |
Electronic Wallets |
Yes |
Yes |
Crypto |
no |
No |
IronFX vs Trading.com: Research
| Research Type | IronFX | Trading.com |
|---|---|---|
News Feed |
Yes |
No |
Fundamental Data |
No |
No |
Chart Analysis |
Yes |
No |
Trading Ideas |
Yes |
No |
E-Mail Reports |
No |
No |
IronFX vs Trading.com: Education
| Education Type | IronFX | Trading.com |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
Yes |
No |
Articles |
Yes |
No |
Videos |
Yes |
No |
Cent account |
No |
Yes (Micro) |
Trading.com vs IronFX: Support
| Support Features | IronFX | Trading.com |
|---|---|---|
Working Days |
24/5 |
24/5 |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Online chat |
Yes |
Yes |
Other |
No |
No |
IronFX vs Trading.com: Forex Bonuses and Promo
| Promo | IronFX | Trading.com |
|---|---|---|
Forex Bonus |
"100% Unlimited Sharing Bonus" The "40% Power Bonus up to $4,000" "20% Iron Bonus up to $2,000" |
No |
Affiliate Program |
“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. |
No |
Other Promos |
||
|
|
Top 5 Reviews on Trading.com
-
Comment
Can Trading.com be trusted at all? I think that traders are brazenly misled here, and they are also brazenly robbed. Personally, I made all the conclusions after talking with the support service, and I realized who was in front of me.
-
Comment
The company does not give back! When I replenished everything quickly passed, but they don’t want to give it back. Fraudsters!
-
Comment
At first, when I deposited $200, I was quickly contacted. It turned out to be so easy to make money. I made 100 dollars. I wanted to withdraw them, but then a company representative began to persuade me to deposit another 1500 bucks. He said that the money will flow into my account. I refused. I asked to show how to withdraw funds and then it began. In fact, our collaboration ended.
-
Comment
This broker attracted me with cent accounts, an affordable minimum deposit and a good selection of financial instruments that can be traded. Strong FCA regulation and negative balance protection also spoke in Trading.com's favour. Of course, spreads of 0.6 points were only on the demo, which did not surprise me at all. The broker only holds the spread, there are no additional trading commissions, so I did not even count on fees of $6. In fact, Trading.com spreads are average and do not differ much from the commissions of other brokers for this market segment. Swap sizes and execution speed are all right. Commission for withdrawal - only from payment systems.
-
Comment
I don't remember the exact number of brokers with which I have traded, but I am sure that the number has exceeded 20. I am constantly testing new companies because I always want to find better conditions. Once on the Trading.com website, I carefully studied the size of spreads and all possible commissions. After that, I searched for reviews from existing clients. Most of the traders who used the services of this broker were satisfied with the conditions there. The temptation was too great, and I could not resist. Now I trade Forex and Index CFDs with Trading.com. The downside for me is that transactions with cryptocurrencies are not available here. Everything is generally bad with analytics and news on the site, so you have to look for the critical information on third-party sources.
Top 5 Reviews on IronFX
-
Comment
IronFX is a good broker even for novice traders. In fact, it has everything you need. It can even assign a manager to assist you in trading, if required. I learned to trade here and continue to trade with the broker. Everything is fine.
-
Comment
IronFX is currently one of the best brokers — everything works well, without any delays. I withdrew to Skrill a couple of times and the money came almost immediately.
-
Comment
I would like to leave a review of ironfx. This company makes me happy! I’ve been working with them for six months now. It is profitable to do business with them! It’s hard to find such good conditions! Trading has already brought me $2,400. I withdraw it without delays. The user account is very convenient. The broker is priceless!
-
Comment
I've been piping for 5 months with this company. I can note that trades have never been canceled. And in general, IronFX does not interfere with trading. There were no problems with withdrawals. It’s an ordinary normal company, I didn’t find anything critical in it. Trading conditions correspond to the market.
-
Comment
I’ve been trading with Iron FX for a while now and have had no problems so far. Among the advantages are good performance and a good personal manager. I’m trading here with a small deposit, but I think that there won’t be any problems and I’ll deposit a decent amount to earn more.
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.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.