Compare IronFX vs ActivTrades
What is IronFX? What is ActivTrades?
IronFX is a global online broker that offers trading in forex, metals, stocks, indices, commodities, and cryptocurrencies. It was founded in 2010 and is regulated by several authorities, including the FCA, ASIC, CySEC, and FSCA.
ActivTrades is a UK-based online broker that offers trading in forex, indices, commodities, shares, ETFs, and bonds. It was established in 2001 and is regulated by the FCA, SCB, CSSF, BACEN & CVM and CMVM.
IronFX vs ActivTrades Regulation Comparison
Both IronFX and ActivTrades are regulated by the Financial Conduct Authority (FCA) in the UK, which means they have to comply with strict rules on client protection, capital adequacy, and market conduct.
IronFX has more international licenses than ActivTrades, as it is also regulated by the Australian Securities and Investments Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC), and the Financial Sector Conduct Authority (FSCA) in South Africa.
ActivTrades has a license from the Securities Commission of the Bahamas (SCB), which is a less reputable regulator than the ones mentioned above.
Both brokers are members of the Financial Services Compensation Scheme (FSCS), which covers up to £85,000 per client in case of broker insolvency
IronFX vs ActivTrades Trading Assets Comparison
- IronFX offers more than 200 tradable instruments across 7 asset classes: forex, metals, stocks, indices, commodities, futures, and cryptocurrencies.
- ActivTrades offers more than 1000 tradable instruments across 7 asset classes: forex, indices, commodities, shares, ETFs, bonds, and cryptocurrencies.
- Both brokers offer a wide range of currency pairs, including majors, minors, and exotics. IronFX has 83 forex pairs, while ActivTrades has 50.
- Both brokers offer CFDs on popular indices such as US Tech 100, Germany 40, and US Ind 30. IronFX has 17 index CFDs, while ActivTrades has 21.
- Both brokers offer CFDs on commodities such as gold, oil, and natural gas. IronFX has 19 commodity CFDs, while ActivTrades has 27.
- Both brokers offer CFDs on cryptocurrencies such as Bitcoin, Ethereum, and Cardano. IronFX has 6 crypto CFDs, while ActivTrades has 5.
- IronFX offers CFDs on more than 150 stocks from various markets such as US, UK, Germany, France, and Japan. ActivTrades offers CFDs on more than 1000 stocks from various markets such as US, UK, Europe, Asia-Pacific, Latin America.
- IronFX offers CFDs on 4 futures contracts: US Dollar Index Future, VIX Future (Volatility Index), WTI Crude Oil Future (Nymex), and Brent Crude Oil Future (ICE-Europe). ActivTrades does not offer any futures contracts.
- ActivTrades offers CFDs on more than 40 ETFs from various categories such as equity indices, sectors, commodities, currencies, and bonds. IronFX does not offer any ETFs.
- ActivTrades offers CFDs on 6 bond instruments: Euro Bund, Euro Schatz, Euro BTP, UK Gilt, US T-Note, and US T-Bond. IronFX does not offer any bonds.
IronFX vs ActivTrades Trading Fees Comparison
- Both IronFX and ActivTrades charge variable spreads on their trades, which depend on the market conditions, liquidity, and volatility.
- Both brokers claim to offer competitive spreads on their instruments, but the actual spreads may vary depending on the account type, platform, and execution method chosen by the trader.
- The average spread for EUR/USD at IronFX is 0.7 pips, while at ActivTrades it is 0.5 pips.
- The average spread for US Tech 100 at IronFX is 1.5 pips, while at ActivTrades it is 0.8 pips.
- The average spread for gold at IronFX is 0.4 pips, while at ActivTrades it is 0.3 pips.
- The average spread for Bitcoin at IronFX is 30 pips, while at ActivTrades it is 25 pips.
- Both brokers do not charge any commissions on their trades, except for some account types that offer lower spreads in exchange for a fixed commission per lot.
- Both brokers do not charge any deposit or withdrawal fees, but they may pass on any fees charged by their payment providers or banks.
- Both brokers charge an inactivity fee if the account is dormant for more than a certain period of time. IronFX charges $50 per month after 12 months of inactivity, while ActivTrades charges $30 per month after 6 months of inactivity.
- Both brokers charge an overnight financing fee (or swap) for holding positions open past the end of the trading day. The swap rate depends on the instrument, direction, and interest rate differential between the two currencies involved.
IronFX vs ActivTrades Account Types Comparison
IronFX offers four types of accounts: Micro, Premium, VIP, and Zero Fixed. Each account has different minimum deposits, spreads, commissions, leverage, and margin requirements.
ActivTrades offers two types of accounts: Classic and Professional. The Classic account has no minimum deposit, higher spreads, no commissions, and lower leverage. The Professional account has a minimum deposit of $1000, lower spreads, commissions on some instruments, and higher leverage.
Both brokers also offer demo accounts for practice and testing purposes, as well as Islamic accounts that are compliant with Sharia law and do not charge or receive any interest on trades.
IronFX vs ActivTrades Deposit Options Comparison
Both IronFX and ActivTrades accept various payment methods for depositing and withdrawing funds from their accounts. These include bank wire transfers, credit/debit cards, e-wallets, and local payment solutions.
IronFX supports more than 20 payment methods, including Visa, Mastercard, Maestro, Skrill, Neteller, WebMoney, FasaPay, UnionPay, Dotpay, and others. ActivTrades supports more than 10 payment methods, including Visa, Mastercard, Maestro, Skrill, Neteller, Sofort, Klarna, Trustly, and others.
Both brokers process deposits and withdrawals within one business day, but the actual time may vary depending on the payment method and the bank involved.
Both brokers have a minimum withdrawal amount of $50 or equivalent in other currencies.
IronFX vs ActivTrades Trading Platforms Comparison
Both IronFX and ActivTrades offer the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms as their main trading platforms. These platforms are widely used by traders around the world for their advanced features, customizability, and compatibility with various devices and operating systems.
Both brokers also offer their own proprietary platforms that are designed to enhance the trading experience and provide additional tools and functionalities. IronFX offers the IronFX WebTrader platform that is web-based and does not require any download or installation. ActivTrades offers the ActivTrader platform that is also web-based and has a user-friendly interface and innovative features.
Both brokers also offer mobile trading apps that are compatible with iOS and Android devices. These apps allow traders to access their accounts, place orders, monitor the markets, and manage their risks from anywhere and anytime.
IronFX vs ActivTrades Analytical Tools Comparison
- IronFX offers more than 20 technical analysis tools that can be accessed from the MT4 and MT5 platforms. These include indicators, oscillators, trend lines, Fibonacci retracements, and others. ActivTrades offers 12 technical analysis tools that can be accessed from the MT4 and MT5 platforms. These include indicators, oscillators, pivot points, and others.
- Both brokers provide market news and analysis from various sources, such as Reuters, Trading Central, Autochartist, and their own research teams . They also offer economic calendars that show the upcoming events and data releases that may affect the markets .
- Both brokers provide trading signals that are based on technical analysis and market trends. IronFX offers free trading signals from Trading Central that are updated daily and cover various instruments. ActivTrades offers free trading signals from Autochartist that are updated hourly and cover various instruments.
- Both brokers provide webinars and seminars that cover various topics related to trading, such as strategies, techniques, risk management, and market updates . They also offer tutorials and educational materials that teach the basics of trading, such as how to use the platforms, how to place orders, how to analyze the markets, and how to develop a trading plan .
- IronFX offers a unique feature called IronFX Academy, which is an online learning platform that provides courses, videos, quizzes, and certificates for traders of all levels. ActivTrades does not offer a similar feature.
IronFX vs ActivTrades. Which forex broker is better? Which forex broker should you choose?
There is no definitive answer to which forex broker is better or which one you should choose, as different brokers may suit different traders depending on their preferences, goals, strategies, and risk profiles. The best forex broker for you depends on your personal preferences, trading style, goals and needs. You can do more research, read reviews, try a demo account or even open a live account with both brokers to see which broker meets your expectations and requirements.
