Compare IronFX vs WorldForex
What is IronFX? What is WorldForex?
IronFX is a trade name of Notesco Limited, a company registered in Bermuda with registration number 51491 and registered address of Nineteen, Second Floor 19 Queen Street, Hamilton HM 11, Bermuda. IronFX offers market access on the MT4 trading platform and more than 200 tradable instruments, including forex, metals, futures, stocks, indices, and commodities.
World Forex is a trade name of Existrade Limited, a company registered in Saint Vincent and the Grenadines, with registration number 24441 IBC 2018 and registered address of Suite 305, Griffith Corporate Centre P.O. BOX 1510, Beachmont Kingstown. World Forex offers forex trading on the MT4 and MT5 trading platforms, as well as digital contracts and social trading.
Best Forex Brokers Ranking
| Rank | Broker | Review | Open Account | Bonus | Platform | Minimum Deposit | ECN |
|---|---|---|---|---|---|---|---|
| 1 | Exness |  | Open Exness account | 16$/lot | MT4, MT5, Exness, ... | 1$ | 10$ |
| 2 | IC Markets | | Open IC Markets account | - | MT4, MT5, cTrader | 200$ | 200$ |
| 3 | XM | | Open XM account | 30$ | MT4, MT5 | 5$ | - |
| 4 | XTB | | Open XTB account | 2000$ | MT4, xStation 5 | 1$ | 1$ |
| 5 | FBS | | Open FBS account | 140$ | MT4, MT5, FBS Trader | 1$ | 1000$ |
IronFX vs WorldForex Regulation Comparison
IronFX is authorised and regulated by several reputable financial authorities, such as 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.
World Forex is not regulated by any major financial authority, but claims to be a member of The Financial Commission, an independent self-regulatory organization that resolves disputes in the financial services industry. However, The Financial Commission is not an official regulator and does not have any legal power to enforce its decisions or protect clients’ funds.
IronFX vs WorldForex Trading Assets Comparison
IronFX offers a wider range of trading assets than World Forex. IronFX has over 200 tradable instruments across six asset classes: forex, metals, futures, stocks, indices, and commodities. World Forex has only two asset classes: forex and digital contracts. IronFX has more forex pairs (83) than World Forex (70), and also offers CFDs on cryptocurrencies, such as Bitcoin, Ethereum, Litecoin, Ripple, and more. World Forex does not offer cryptocurrency CFDs, but only digital contracts on some crypto assets.
IronFX vs WorldForex Trading Fees Comparison
IronFX and World Forex both charge variable spreads and commissions depending on the account type and trading platform. IronFX has four account types: Micro, Premium, VIP, and Zero Fixed Spread. The average spread for EUR/USD on the Micro account is 1.2 pips, while the average spread for EUR/USD on the Zero Fixed Spread account is 0 pips plus a commission of $18 per lot round turn.
World Forex has three account types: Standard, Binary Options, and ECN. The average spread for EUR/USD on the Standard account is 1.5 pips with no commission, while the average spread for EUR/USD on the ECN account is 0 pips plus a commission of $10 per lot round turn.
IronFX vs WorldForex Account Types Comparison
IronFX has four account types: Micro, Premium, VIP, and Zero Fixed Spread. 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.
World Forex has three account types: Standard, Binary Options, and ECN. The minimum deposit for all account types is $1. Both brokers offer demo accounts for practice trading.
IronFX vs WorldForex Deposit Options Comparison
IronFX and World Forex both support various payment methods for depositing and withdrawing funds from their trading accounts. IronFX accepts credit/debit cards (Visa/Mastercard), bank wire transfers (SWIFT/SEPA), e-wallets (Skrill/Neteller), online payment systems (Fasapay/Webmoney), and cryptocurrencies (Bitcoin/Ethereum).
World Forex accepts credit/debit cards (Visa/Mastercard), bank wire transfers (SWIFT), e-wallets (Skrill/Neteller/Qiwi/Yandex Money), online payment systems (Webmoney/Fasapay/Perfect Money), prepaid cards (AstroPay/CardPay), mobile payments (M-Pesa), and cryptocurrencies (Bitcoin/Ethereum/Litecoin/Ripple). Both brokers claim to process withdrawal requests within 24 hours.
IronFX vs WorldForex Trading Platforms Comparison
IronFX and World Forex both use the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms as their main trading software. MT4 and MT5 are widely used by traders around the world for their user-friendly interface, advanced charting tools, technical indicators, automated trading systems, and market news.
IronFX also offers its own web-based platform, called IronFX WebTrader, which is compatible with any browser and device. World Forex does not have its own web-based platform, but offers a web version of MT4 and MT5. Both brokers also have mobile apps for MT4 and MT5 for iOS and Android devices.
IronFX vs WorldForex Analytical Tools Comparison
IronFX and World Forex both provide various analytical tools and resources to help their clients make informed trading decisions. IronFX offers daily market analysis, economic calendar, trading signals, market news, webinars, seminars, and educational videos. World Forex offers daily market analysis, economic calendar, trading signals, market news, webinars, and educational articles. Both brokers also provide access to the MQL4 and MQL5 communities, where traders can share their trading strategies, indicators, and expert advisors.
IronFX vs WorldForex. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker depends on your personal preferences, trading goals, risk appetite and budget. You should compare the features and benefits of each broker and decide which broker suits you best. You can also read online reviews and ratings from other traders to get their opinions and experiences. Ultimately, the best forex broker for you is the one that meets your expectations and helps you achieve your trading goals.
