Compare FXGiants vs IronFX
What is FXGiants? What is IronFX?
FXGiants is a trading provider that offers a range of assets on the MT4 platform, such as forex, metals, indices, shares, commodities, and futures. It is regulated by the FCA and ASIC.
IronFX is a multi-regulated broker that offers CFD trading on forex, stocks, indices, and commodities through the MetaTrader 4 platform. It also provides various account types with competitive pricing, including spreads from zero on STP/ECN accounts.
FXGiants vs IronFX Regulation Comparison
FXGiants is regulated by the Financial Conduct Authority (FCA) in the UK and the Australian Securities and Investments Commission (ASIC) in Australia. These are two reputable regulators that ensure high standards of investor protection and market integrity.
IronFX is regulated by several authorities, including the Cyprus Securities and Exchange Commission (CySEC), the Financial Conduct Authority (FCA), the Financial Sector Conduct Authority (FSCA) in South Africa, and the Bermuda Monetary Authority (BMA) in Bermuda. These regulators also have strict rules and oversight for online brokers.
FXGiants vs IronFX Trading Assets Comparison
FXGiants offers more than 200 tradable instruments across six asset classes: forex, metals, indices, shares, commodities, and futures. It has a wide selection of currency pairs, spot metals, global indices, US and UK shares, energy and agricultural commodities, and futures contracts.
IronFX offers CFD trading on four asset classes: forex, stocks, indices, and commodities. It has a decent range of currency pairs, global stocks, major indices, and spot metals. However, it does not offer futures or agricultural commodities.
FXGiants vs IronFX Trading Fees Comparison
FXGiants charges variable or fixed spreads depending on the account type chosen by the trader. It also charges commissions on some accounts, such as the Live Zero Fixed Spread account ($9 per lot per side) and the STP/ECN account ($7.5 per lot per side). It does not charge any deposit or withdrawal fees.
IronFX charges variable or fixed spreads depending on the account type chosen by the trader. It also charges commissions on some accounts, such as the Zero Fixed Spread account ($18 per lot round turn) and the STP/ECN account ($15 per lot round turn). It does not charge any deposit fees, but it may charge withdrawal fees depending on the payment method.
FXGiants vs IronFX Account Types Comparison
FXGiants offers six account types to suit different trading styles and preferences: Live Floating Spread, Live Fixed Spread, Live Zero Fixed Spread, STP/ECN No Commission, STP/ECN Zero Spread, and STP/ECN Absolute Zero. The minimum deposit for all accounts is $100.
IronFX offers four account types to suit different trading styles and preferences: Micro Account, Premium Account, VIP Account, and Zero Fixed Spread Account. The minimum deposit for the Micro Account is $100, for the Premium Account is $2,500, for the VIP Account is $20,000, and for the Zero Fixed Spread Account is $500.
FXGiants vs IronFX Deposit Options Comparison
FXGiants supports various payment methods for deposits and withdrawals, such as credit/debit cards (Visa), wire transfer (SWIFT), e-wallets (Neteller), and cryptocurrencies (Bitcoin). The processing time for deposits is instant or up to one business day. The processing time for withdrawals is up to one business day.
IronFX supports various payment methods for deposits and withdrawals, such as credit/debit cards (Visa/MasterCard), wire transfer (SWIFT), e-wallets (Neteller/Skrill/Perfect Money/FasaPay), local bank transfers (UnionPay), and cryptocurrencies (Bitcoin). The processing time for deposits is instant or up to one business day. The processing time for withdrawals is up to one business day.
FXGiants vs IronFX Trading Platforms Comparison
FXGiants and IronFX both provides access to the MT4 trading platform in various versions: desktop application (Windows/Mac), web browser (WebTrader), mobile application (Android/iOS), and multi-account manager (MAM). The MT4 platform is a popular and user-friendly platform that offers advanced charting tools, technical indicators, automated trading systems (Expert Advisors), market news, and more.
FXGiants vs IronFX Analytical Tools Comparison
FXGiants offers some analytical tools to help traders with their trading decisions, such as economic calendar, market news, market analysis, and trading signals. It also offers access to AutoTrade, a social trading platform that allows traders to copy the trades of successful traders.
IronFX offers some analytical tools to help traders with their trading decisions, such as economic calendar, market news, market analysis, and trading signals. It also offers access to TradeCopier, a copy trading platform that allows traders to copy the strategies of top traders in real-time. Additionally, it offers access to Autochartist and Trading Central, two third-party tools that provide technical analysis and market insights.
FXGiants vs IronFX. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker is a personal decision that depends on your trading style, preferences, and goals. There is no definitive answer to which broker is better, as each one has its own advantages and disadvantages. However, here are some possible factors that you may want to consider:
- Regulation: Both FXGiants and IronFX are regulated by reputable authorities, such as the FCA and ASIC. However, IronFX has more regulators than FXGiants, which may give you more confidence and protection as a trader. If you are trading from a specific country or region, you may also want to check if the broker is authorized to operate there.
- Trading Assets: FXGiants offers more trading instruments than IronFX, especially in terms of futures and agricultural commodities. If you are interested in diversifying your portfolio and trading different markets, FXGiants may have more options for you. However, if you are mainly focused on forex, stocks, indices, and metals, IronFX may have enough variety for you.
- Trading Fees: Both FXGiants and IronFX charge variable or fixed spreads depending on the account type. However, FXGiants has lower commissions than IronFX on some accounts, such as the Live Zero Fixed Spread account and the STP/ECN account. If you are a high-volume trader or a scalper, you may prefer lower commissions to reduce your trading costs. However, you should also consider other factors, such as spreads, swaps, and slippage, that may affect your profitability.
- Account Types: Both FXGiants and IronFX offer different account types to suit different trading styles and preferences. However, FXGiants has more account types than IronFX, which may give you more flexibility and customization. For example, FXGiants has an STP/ECN Absolute Zero account that offers zero spreads and zero commissions on forex and metals. However, IronFX has a Zero Fixed Spread account that offers fixed spreads from zero on forex and metals. You may want to compare the features and benefits of each account type before choosing one.
- Deposit and Withdrawal Options: Both FXGiants and IronFX support various payment methods for deposits and withdrawals, such as credit/debit cards, wire transfer, e-wallets, and cryptocurrencies. However, IronFX may charge withdrawal fees depending on the payment method, while FXGiants does not charge any deposit or withdrawal fees. You may want to check the fees and processing time of each payment method before making a transaction.
- Trading Platforms: Both FXGiants and IronFX provide access to the MT4 trading platform in various versions. The MT4 platform is a popular and user-friendly platform that offers advanced charting tools, technical indicators, automated trading systems (Expert Advisors), market news, and more. However, you may also want to explore other platforms that may suit your needs better, such as MT5 or cTrader.
- Analytical Tools: Both FXGiants and IronFX offer some analytical tools to help traders with their trading decisions, such as economic calendar, market news, market analysis, and trading signals. However, IronFX also offers access to Autochartist and Trading Central, two third-party tools that provide technical analysis and market insights. These tools may help you identify trading opportunities and improve your performance.
Ultimately, the best forex broker for you is the one that meets your expectations and requirements. You may want to test both brokers with a demo account before opening a live account. You can also read reviews from other traders who have used both brokers to get their feedback and opinions.
