Compare AvaTrade vs IronFX
What is AvaTrade? What is IronFX?
AvaTrade is a global online broker that was founded in 2006 and is regulated by nine authorities across six continents. It offers over 1,250 instruments, including forex, stocks, commodities, indices, ETFs, options, and cryptocurrencies. AvaTrade also provides various trading platforms, such as MT4, MT5, WebTrader, AvaOptions, and AvaSocial.
IronFX is an online broker that was founded in 2010 and is regulated by four authorities across three continents. It offers over 340 instruments, including forex, metals, indices, commodities, futures, and shares. IronFX also supports the MT4 trading platform and provides various account types and trading contests.
AvaTrade vs IronFX Regulation Comparison
Both AvaTrade and IronFX are regulated by reputable authorities in different jurisdictions. However, AvaTrade has more tier-1 licenses than IronFX, which indicates a higher level of trustworthiness and investor protection. Here are the regulators for each broker:
AvaTrade: ASIC (Australia), FSA (Japan), FSCA (South Africa), ISA (Israel), FSC (British Virgin Islands), ADGM/FSRA (United Arab Emirates), Central Bank of Ireland (Ireland), FFAJ (Japan), and CBI (Canada).
IronFX: CySEC (Cyprus), FCA (United Kingdom), ASIC (Australia), and FSCA (South Africa).
AvaTrade vs IronFX Trading Assets Comparison
AvaTrade offers a wider range of trading assets than IronFX, with more than 1,250 instruments across six asset classes. IronFX has only 340 instruments across four asset classes. Here are the available assets for each broker:
AvaTrade: Forex (55 pairs), CFDs (stocks, commodities, indices, ETFs, options, cryptocurrencies).
IronFX: Forex (83 pairs), CFDs (metals, indices, commodities, futures, shares).
AvaTrade vs IronFX Trading Fees Comparison
Both AvaTrade and IronFX charge fixed spreads on their standard accounts, which means that the difference between the bid and ask prices remains constant regardless of market conditions. However, the average spreads for some major currency pairs are lower at AvaTrade than at IronFX. Here are the average spreads for each broker:
AvaTrade: EUR/USD 0.92 pips, GBP/USD 1.52 pips, USD/JPY 1.29 pips.
IronFX: EUR/USD 1.2 pips, GBP/USD 2 pips, USD/JPY 1.5 pips.
AvaTrade vs IronFX Account Types Comparison
AvaTrade offers a simpler approach to account types and fees, while IronFX has more options:
AvaTrade: Standard account (minimum deposit $100, fixed spreads), Professional account (minimum deposit $1000, variable spreads), Islamic account (minimum deposit $1000, swap-free).
IronFX: Micro account (minimum deposit $100, fixed spreads), Premium account (minimum deposit $2500, fixed spreads), VIP account (minimum deposit $20,000, fixed spreads), STP/ECN No Commission account (minimum deposit $500, variable spreads), STP/ECN Zero Spread account (minimum deposit $500, zero spreads + commissions), STP/ECN Absolute Zero account (minimum deposit $5000, zero spreads + commissions), Islamic account (minimum deposit $1000, swap-free).
AvaTrade vs IronFX Deposit Options Comparison
Both brokers offer a variety of payment methods for depositing and withdrawing funds from their trading accounts. However, AvaTrade has more options than IronFX:
AvaTrade: WebMoney, Skrill, Wire transfer, Credit/debit cards, Neteller, UnionPay, and others depending on the region
IronFX: Skrill, Wire transfer, Credit/debit cards, Neteller, UnionPay, Perfect Money, Local bank transfer, FasaPay, Crypto and Ethereum
AvaTrade vs IronFX Trading Platforms Comparison
Both brokers support the popular MT4 trading platform, which is widely used by traders around the world for its user-friendly interface, advanced charting tools, customizable indicators, and automated trading features.
However, AvaTrade also offers other platforms that cater to different trading styles and preferences:
AvaTrade: MT4, MT5, WebTrader, AvaOptions, AvaSocial
IronFX: MT4
AvaTrade vs IronFX Analytical Tools Comparison
Both brokers provide various analytical tools to help traders with their market analysis and trading decisions. However, AvaTrade has more tools than IronFX:
AvaTrade: Trading Central signals and indicators, Autochartist, Economic calendar, Market news, Trading calculator, Blog
IronFX: Economic calendar, Market news, Trading calculator, Blog
AvaTrade vs IronFX. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker is an important decision that depends on your personal preferences, trading goals, and risk appetite. There is no definitive answer to which broker is better, as each one has its own strengths and weaknesses. However, here are some possible factors that you may want to consider:
- Regulation: If you value trustworthiness and investor protection, you may prefer AvaTrade over IronFX, as AvaTrade has more tier-1 licenses from reputable authorities than IronFX. AvaTrade is regulated by nine authorities across six continents, while IronFX is regulated by four authorities across three continents.
- Trading Assets: If you want to diversify your portfolio and trade a wide range of instruments, you may prefer AvaTrade over IronFX, as AvaTrade offers more than 1,250 instruments across six asset classes, while IronFX has only 340 instruments across four asset classes. AvaTrade also offers more options for trading cryptocurrencies and options than IronFX.
- Trading Fees: If you want to save on trading costs and enjoy competitive spreads, you may prefer AvaTrade over IronFX, as AvaTrade has lower average spreads for some major currency pairs than IronFX. However, you may also want to compare the commission rates for different account types and instruments, as both brokers charge commissions on some of their accounts.
- Account Types: If you want to have more flexibility and options for choosing an account type that suits your trading style and preferences, you may prefer IronFX over AvaTrade, as IronFX has more account types than AvaTrade. IronFX offers seven account types with different features and benefits, while AvaTrade offers only three account types. However, you may also want to check the minimum deposit requirements and the availability of swap-free accounts for each broker.
- Trading Platforms: If you want to have access to different trading platforms that cater to different trading needs and preferences, you may prefer AvaTrade over IronFX, as AvaTrade offers more platforms than IronFX. AvaTrade supports MT4, MT5, WebTrader, AvaOptions, and AvaSocial, while IronFX only supports MT4. However, if you are comfortable with using MT4 as your main trading platform, then this factor may not be a major concern for you.
- Analytical Tools: If you want to have access to various analytical tools that can help you with your market analysis and trading decisions, you may prefer AvaTrade over IronFX, as AvaTrade offers more tools than IronFX. AvaTrade provides Trading Central signals and indicators, Autochartist, Economic calendar, Market news, Trading calculator, and Blog. IronFX provides Economic calendar, Market news, Trading calculator, and Blog.
- Deposit and Withdrawal Options: If you want to have more options for depositing and withdrawing funds from your trading account, you may prefer AvaTrade over IronFX, as AvaTrade offers more payment methods than IronFX. However, you may also want to check the processing time, fees, and minimum/maximum limits for each payment method for each broker.
Ultimately, the choice of forex broker is up to you, and you should do your own research and due diligence before making a final decision.
