Compare IronFX vs FxGlory
What is IronFX? What is FxGlory?
IronFX is a multi-regulated broker that provides market access on the MT4 trading platform. It offers various account types with competitive pricing, including spreads from zero on STP/ECN accounts. IronFX also has a TradeCopier platform that allows copy trading and a choice of welcome bonuses for new users.
FxGlory is a broker that offers high leverage up to 1:3000 and 50% bonus on each deposit. It also provides market access on the MT4 platform and supports swap-free accounts, micro lot trading, and free VPS service.
IronFX vs FxGlory Regulation Comparison
IronFX holds licenses with three top-tier regulators: the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC) in Australia, and the Cyprus Securities and Exchange Commission (CySEC) in Cyprus. It also has a license from the Financial Services Board (FSB) in South Africa, which is considered a tier-2 regulator. FxGlory is registered in Saint Lucia and Georgia, but it does not have any licenses from reputable regulators. Therefore, IronFX has a higher trust score than FxGlory in terms of regulation.
IronFX vs FxGlory Trading Assets Comparison
IronFX offers CFD trading on more than 300 instruments, including 83 forex pairs, 150 stocks, 19 indices, 17 commodities, and 4 metals. FxGlory offers CFD trading on only 34 instruments, including 27 forex pairs, 2 indices, 2 commodities, and 3 metals. Therefore, IronFX has a wider range of trading assets than FxGlory.
IronFX vs FxGlory Trading Fees Comparison
IronFX has different trading fees depending on the account type. It offers fixed spreads from 2.2 pips on the Micro account, floating spreads from 1.1 pips on the Premium account, and zero spreads plus commission on the Zero Fixed Spread account and the STP/ECN account.
FxGlory has fixed spreads from 2 pips on all account types (Standard, Premium, and VIP), but it charges a commission of $0.01 per lot per side on the VIP account. Therefore, IronFX has more flexible pricing options than FxGlory.
IronFX vs FxGlory Account Types Comparison
IronFX has four main account types: Micro, Premium, Zero Fixed Spread, and STP/ECN. The minimum deposit for each account is $100, $500, $500, and $500 respectively. The maximum leverage for each account varies by regulator between 1:30 and 1:1000.
FxGlory has three account types: Standard, Premium, and VIP. The minimum deposit for each account is $1, $1,000, and $5,000 respectively. The maximum leverage for each account is 1:3000 for all regulators. Therefore, IronFX has more account types than FxGlory, but FxGlory has higher leverage than IronFX.
IronFX vs FxGlory Deposit Options Comparison
IronFX supports various deposit and withdrawal options, including credit/debit cards, bank wire transfers, e-wallets (Neteller, Skrill), and cryptocurrencies (Bitcoin). The processing time for deposits is instant for most methods except bank wire transfers (up to 5 business days). The processing time for withdrawals is up to one business day for most methods except bank wire transfers (up to 10 business days). IronFX does not charge any fees for deposits or withdrawals.
FxGlory also supports various deposit and withdrawal options, including credit/debit cards, bank wire transfers, e-wallets (Neteller, Skrill), cryptocurrencies (Bitcoin), and local payment methods (Perfect Money). The processing time for deposits is instant for most methods except bank wire transfers (up to 3 business days). The processing time for withdrawals is up to one business day for most methods except bank wire transfers (up to 7 business days). FxGlory does not charge any fees for deposits or withdrawals either. Therefore, both brokers have similar deposit and withdrawal options and conditions.
IronFX vs FxGlory Trading Platforms Comparison
IronFX uses the MetaTrader 4 (MT4) platform as its main trading platform. MT4 is a popular and user-friendly platform that supports multiple order types, charting tools, indicators, automated trading systems (Expert Advisors), and customization options. IronFX also has a proprietary platform called TradeCopier that allows users to copy the trades of other successful traders in real-time.
FxGlory also uses the MT4 platform as its main trading platform. It offers the same features as IronFX’s MT4 platform but with some additional tools such as Autochartist and Trading Central. Therefore, both brokers use the same trading platform, but FxGlory has some extra analytical tools than IronFX.
IronFX vs FxGlory Analytical Tools Comparison
IronFX provides various analytical tools to help traders make informed decisions. These include market news, economic calendar, trading signals, market analysis, webinars, and educational resources. IronFX also offers a personal account manager and a dedicated customer support team to assist traders with any issues or queries.
FxGlory also provides some analytical tools to help traders, such as market news, economic calendar, Autochartist, and Trading Central. FxGlory also has a customer support team that is available 24/7 via phone, email, live chat, and callback service. Therefore, both brokers offer some useful analytical tools, but IronFX has more educational resources than FxGlory.
IronFX vs FxGlory. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker is an important decision that depends on your personal preferences, trading goals, and risk appetite. There is no definitive answer to which broker is better, as different brokers may suit different traders. However, you can compare some of the key features and factors of IronFX and FxGlory and decide which one meets your needs better.
Some of the main aspects you may want to consider are:
- Regulation: IronFX is regulated by three top-tier regulators (FCA, ASIC, and CySEC) and one tier-2 regulator (FSB), while FxGlory is not regulated by any reputable authority. This means that IronFX has more credibility, security, and protection for its clients than FxGlory. If you value safety and reliability, you may prefer IronFX over FxGlory.
- Trading Assets: IronFX offers more than 300 CFD instruments across various markets, while FxGlory offers only 34 CFD instruments. This means that IronFX has more diversity, variety, and opportunities for its clients than FxGlory. If you value a wide range of trading options, you may prefer IronFX over FxGlory.
- Trading Fees: IronFX has different trading fees depending on the account type, while FxGlory has fixed spreads on all account types. This means that IronFX has more flexibility, transparency, and competitiveness for its clients than FxGlory. If you value low-cost and efficient trading, you may prefer IronFX over FxGlory.
- Account Types: IronFX has four main account types with different features and benefits, while FxGlory has three account types with similar features and benefits. This means that IronFX has more customization, personalization, and optimization for its clients than FxGlory. If you value tailored and suitable trading conditions, you may prefer IronFX over FxGlory.
- Leverage: IronFX has different leverage levels depending on the regulator and the account type, while FxGlory has a very high leverage level of 1:3000 for all regulators and account types. This means that FxGlory has more potential for high returns and high risks for its clients than IronFX. If you value high-risk and high-reward trading, you may prefer FxGlory over IronFX.
- Deposit and Withdrawal Options: Both brokers support various deposit and withdrawal options with no fees and fast processing times. This means that both brokers have similar convenience, accessibility, and efficiency for their clients. If you value easy and smooth transactions, you may not have a strong preference between the two brokers.
- Trading Platforms: Both brokers use the MT4 platform as their main trading platform with similar features and functions. This means that both brokers have similar usability, functionality, and performance for their clients. If you value a popular and user-friendly platform, you may not have a strong preference between the two brokers.
- Analytical Tools: Both brokers provide some analytical tools to help traders make informed decisions, such as market news, economic calendar, trading signals, market analysis, webinars, educational resources, Autochartist, Trading Central, etc. This means that both brokers have similar support, guidance, and education for their clients. If you value useful and helpful tools, you may not have a strong preference between the two brokers.
In conclusion, IronFX and FxGlory are two online brokers that offer CFD trading on various instruments with different features and factors. Depending on what you value most in a broker, you may find one more suitable than the other.
