Compare FP Markets vs IronFX
What is FP Markets? What is IronFX ?
FP Markets is an Australian-based online forex and CFD broker that was founded in 2005. It offers over 10,000 trading instruments across various asset classes, including forex, indices, commodities, equities, cryptocurrencies and futures. It is regulated by the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC).
IronFX is a global online forex and CFD broker that was founded in 2010. It offers over 340 trading instruments across various asset classes, including forex, indices, commodities, equities, cryptocurrencies and futures. It is regulated by the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC), the Bermuda Monetary Authority (BMA) and other regulators in various jurisdictions.
FP Markets vs IronFX Regulation Comparison
Both FP Markets and IronFX are considered trusted brokers with high trust scores of 87 and 83 out of 99 respectively. They both have tier-1 licenses from reputable regulators such as ASIC, FCA and CySEC. However, FP Markets has two tier-1 licenses while IronFX has three. FP Markets also has one tier-2 license from the Financial Sector Conduct Authority (FSCA) in South Africa while IronFX has none. Neither of them has any tier-3 licenses from low-trust regulators.
FP Markets vs IronFX Trading Assets Comparison
FP Markets offers a much wider range of trading assets than IronFX, with over 10,000 tradeable symbols compared to 340. FP Markets has more forex pairs (71 vs 83), more indices (12 vs 10), more commodities (20 vs 17), more equities (over 10,000 vs 197) and more futures (35 vs 15). They both offer cryptocurrency CFDs but not physical cryptocurrencies.
FP Markets vs IronFX Trading Fees Comparison
FP Markets and IronFX both offer competitive trading fees depending on the account type and platform chosen by the trader. FP Markets has four account types: Standard, Raw, Iress Standard and Iress Premier. The Standard account has no commission but higher spreads starting from 1 pip. The Raw account has lower spreads starting from 0 pips but charges a commission of $3 per lot per side. The Iress accounts are designed for professional traders who trade equities and futures. They have variable commissions based on the monthly trading volume and a platform fee of $55 per month.
IronFX has six account types: Micro, Premium, VIP, Zero Fixed Spread, Absolute Zero STP/ECN and Absolute Zero Plus STP/ECN. The Micro, Premium and VIP accounts have no commission but higher spreads starting from 1.1 pips. The Zero Fixed Spread account has fixed spreads starting from 0 pips but charges a commission of $18 per lot per side. The Absolute Zero accounts are STP/ECN accounts that have variable spreads starting from -0.3 pips but charge a commission of $8 per lot per side for the Plus account.
FP Markets vs IronFX Account Types Comparison
FP Markets and IronFX both offer a variety of account types to suit different trading styles and preferences. However, FP Markets has a lower minimum deposit requirement than IronFX for most of its accounts. The minimum deposit for FP Markets’ Standard and Raw accounts is $100 while for IronFX’s Micro, Premium and VIP accounts it is $100, $2,500 and $20,000 respectively. The minimum deposit for FP Markets’ Iress accounts is $1,000 while for IronFX’s Zero Fixed Spread account it is $500. The minimum deposit for IronFX’s Absolute Zero accounts is $200 while FP Markets does not offer any STP/ECN accounts.
FP Markets vs IronFX Deposit Options Comparison
Both FP Markets and IronFX offer various deposit and withdrawal options for their clients, including bank wire transfer, credit/debit cards, e-wallets, and local payment methods. However, the availability and fees of each option may vary depending on the country and currency of each trader.
- FP Markets accepts deposits and withdrawals in AUD, USD, EUR, GBP, SGD, NZD, JPY, HKD, CHF, and CAD. FP Markets does not charge any fees for deposits or withdrawals, except for bank wire transfers which may incur fees from the sending or receiving banks. FP Markets processes deposits and withdrawals within one business day, except for bank wire transfers which may take up to five business days.
- IronFX accepts deposits and withdrawals in USD, EUR, GBP, AUD, JPY, CHF, PLN, RUB, HUF, CZK, BTC, ETH, USDT, XRP, LTC, BCHABC, EOSIO, BNB Coin Binance (BNB), Stellar (XLM), TRON (TRX), NEO (NEO), Dash (DASH), Zcash (ZEC), Qtum (QTUM), Bitcoin Gold (BTG), Ethereum Classic (ETC), OmiseGO (OMG), Lisk (LSK), Cardano (ADA), NEM (XEM), Monero (XMR), IOTA (IOTA), Verge (XVG), ICX Coin ICON (ICX), Ontology Coin (ONT). IronFX does not charge any fees for deposits or withdrawals, except for bank wire transfers which may incur fees from the sending or receiving banks. IronFX processes deposits and withdrawals within one business day, except for bank wire transfers which may take up to five business days.
FP Markets vs IronFX Trading Platforms Comparison
FP Markets and IronFX both offer the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms as well as their own proprietary platforms. FP Markets’ proprietary platform is Iress, which is a web-based platform that allows traders to access over 10,000 instruments across multiple markets. It has advanced features such as market depth, dynamic pricing, advanced order types and customisable charts. IronFX’s proprietary platform is IronFX WebTrader, which is also a web-based platform that allows traders to access over 340 instruments across multiple markets. It has features such as one-click trading, live news feed, market analysis and trading signals.
FP Markets vs IronFX Analytical Tools Comparison
FP Markets and IronFX both provide their clients with various analytical tools and resources to enhance their trading experience and performance. FP Markets offers daily market reports, economic calendar, webinars, ebooks, videos and articles,.. IronFX offers daily market analysis, economic calendar, trading calculators, webinars, ebooks, videos and articles. They both also offer social trading and copy trading features through third-party platforms such as Myfxbook and ZuluTrade.
FP Markets vs IronFX . Which forex broker is better? Which forex broker should you choose?
Choosing the right broker depends on your personal preferences, trading goals and risk appetite. However, you may find that FP Markets and IronFX have some similarities and differences in terms of regulations, trading assets, trading fees, account types, deposit and withdrawal options, trading platforms and analysis tool. You can use this information to weigh the pros and cons of each broker and decide which broker best suits your needs. Alternatively, you can also try out their demo account or read some of the user reviews to better understand their service and customer support.
