Compare InstaForex vs IronFX
What is InstaForex? What is IronFX ?
InstaForex is a forex broker that offers trading services in more than 200 instruments, including forex, metals, CFDs, and cryptocurrencies. IronFX is a forex broker that offers trading services in more than 180 instruments, including forex, metals, indices, commodities, futures, and shares.
InstaForex vs IronFX Regulation Comparison
InstaForex is regulated by the Cyprus Securities and Exchange Commission (CySEC), the Financial Services Authority of Saint Vincent and the Grenadines (FSA), and the British Virgin Islands Financial Services Commission (BVI FSC). IronFX is regulated by the CySEC, the Australian Securities and Investments Commission (ASIC), the Financial Conduct Authority (FCA) of the UK, and the Financial Sector Conduct Authority (FSCA) of South Africa.
InstaForex vs IronFX Trading Assets Comparison
InstaForex offers more trading assets than IronFX, especially in the cryptocurrency market. InstaForex has 36 crypto pairs, while IronFX has only 5. However, IronFX has more futures contracts than InstaForex, with 19 vs 6.
InstaForex vs IronFX Trading Fees Comparison
InstaForex and IronFX have similar trading fees, depending on the account type and the trading platform. Both brokers offer commission-free accounts with variable spreads, as well as commission-based accounts with tighter spreads. The average spread for the EUR/USD pair is 1.6 pips for InstaForex and 1.7 pips for IronFX on their standard accounts. The commission for their ECN accounts is $6 per lot for InstaForex and $7 per lot for IronFX.
InstaForex vs IronFX Account Types Comparison
InstaForex has more account types than IronFX, with 6 vs 4. InstaForex offers standard accounts, cent accounts, ECN accounts, ECN Zero accounts, scalping accounts, and swap-free accounts. IronFX offers standard accounts, premium accounts, VIP accounts, and zero fixed spread accounts.
InstaForex vs IronFX Deposit Options Comparison
InstaForex and IronFX have similar deposit and withdrawal options, including bank wire transfer, credit/debit cards, e-wallets, and local payment methods. Both brokers do not charge any fees for deposits or withdrawals, except for bank wire transfers which may incur some charges from the banks.
InstaForex vs IronFX Trading Platforms Comparison
InstaForex and IronFX both support the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms, which are the most popular and widely used platforms in the forex industry. Both platforms offer advanced charting tools, technical indicators, automated trading systems, and mobile trading apps.
InstaForex vs IronFX Analytical Tools Comparison
InstaForex and IronFX both provide various analytical tools to help their clients make informed trading decisions. These include market news, economic calendar, trading signals, market analysis, webinars, educational materials, and customer support.
InstaForex vs IronFX . Which forex broker is better? Which forex broker should you choose?
The best forex broker for you depends on your personal preferences, trading style, goals, and risk appetite. You should consider various factors, such as the regulation, trading assets, trading fees, account types, deposit and withdrawal options, trading platforms, and analytical tools of each broker. You should also compare the pros and cons of each broker and read some reviews from other traders who have used their services.
