Compare IronFX vs eToro
What is IronFX? What is eToro?
IronFX is a global online broker that offers trading services in forex, CFDs, metals, futures, stocks, indices, and commodities. eToro is a social trading platform that allows users to trade and invest in various assets, such as stocks, ETFs, cryptocurrencies, forex, and CFDs. Both brokers are regulated by multiple authorities and have been operating for over a decade.
IronFX vs eToro Regulation Comparison
Both brokers are authorised by the Cyprus Securities and Exchange Commission (CySEC), the Financial Conduct Authority (FCA) in the UK, and the Australian Securities and Investments Commission (ASIC). Additionally, IronFX is licensed by the Financial Services Authority Seychelles (FSAS), while eToro is registered with the Financial Industry Regulatory Authority (FINRA) in the US.
IronFX vs eToro Trading Assets Comparison
IronFX offers more than 340 tradable instruments, including 83 forex pairs, 120 stocks, 17 indices, 5 metals, 3 futures, and 112 CFDs. eToro offers more than 3,400 tradable instruments, including 52 forex pairs, over 2,000 stocks, 145 ETFs, 13 indices, 6 commodities, and over 1,200 CFDs. eToro also offers physical and CFD trading of cryptocurrencies, such as Bitcoin, Ethereum, and Ripple.
IronFX vs eToro Trading Fees Comparison
IronFX charges variable spreads and commissions depending on the account type and trading platform. The average spread for EUR/USD is 1.2 pips on the MT4 platform. IronFX also charges a $50 annual inactivity fee after one year of no trading activity. eToro charges variable spreads and no commissions on most assets. The average spread for EUR/USD is 1 pip on the eToro platform. eToro also charges a $10 monthly inactivity fee after one year of no trading activity.
IronFX vs eToro Account Types Comparison
IronFX offers four types of accounts: Live Floating Spread Account, Live Fixed Spread Account, Live Zero Fixed Spread Account, and STP/ECN Account. The minimum deposit for each account is $100, except for the STP/ECN Account which requires $500. eToro offers only one type of account: Retail Account. The minimum deposit for this account is $200 for most countries, except for Australia ($50), Israel ($10,000), and the US ($50).
IronFX vs eToro Deposit Options Comparison
IronFX supports various deposit and withdrawal methods, such as bank wire transfer, credit/debit cards, Skrill, Neteller, FasaPay, China UnionPay, Dotpay, and more. The minimum withdrawal amount is $50 and the processing time may vary depending on the method.
eToro supports fewer deposit and withdrawal methods, such as bank wire transfer, credit/debit cards, PayPal, Skrill, Neteller, WebMoney, and more. The minimum withdrawal amount is $30 and the processing time is up to two business days.
IronFX vs eToro Trading Platforms Comparison
IronFX offers two trading platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Both platforms are available as desktop applications, web-based versions, and mobile apps for iOS and Android devices. MT4 and MT5 offer advanced charting tools, technical indicators, automated trading systems (EAs), market news, and more.
eToro offers its own proprietary trading platform that is also available as a web-based version and a mobile app for iOS and Android devices. The eToro platform features social trading tools such as CopyTrader and CopyPortfolios that allow users to copy the trades or portfolios of other successful traders or investors.
IronFX vs eToro Analytical Tools Comparison
IronFX provides various analytical tools to its clients, such as market news, economic calendar, market analysis reports, trading signals (IronFX Signal Centre), technical analysis tools (Autochartist), VPS hosting service (IronFX VPS), and more.
eToro provides fewer analytical tools to its clients but focuses more on social trading features such as news feed (eToro Feed), market insights (eToro Insights), social charts (eToro Charts), sentiment analysis (eToro Sentiment), risk scores (eToro Risk Score), and more.
IronFX vs eToro. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker is an important decision that can affect your trading performance and experience. There are many factors to consider when comparing forex brokers, such as regulation, trading assets, trading fees, account types, deposit and withdrawal options, trading platforms, analytical tools, and more. You may want to try out both brokers using their demo accounts or read some user reviews before making a final decision.
