Written by ForexBrokers.com
In this head to head comparison of Exness vs IronFX, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Exness and IronFX are two online brokers that have carved out their niches in the financial trading market. Founded in 2008, Exness has gained recognition with its regulatory framework, holding two Tier-1 licenses, which are highly trusted according to ForexBrokers.com. Additionally, it maintains three Tier-2 licenses, making it a solid choice for traders seeking reliable regulation. Exness is not publicly traded nor a bank, and holds a Trust Score of 81, categorizing it as a trusted broker.
IronFX, established in 2010, also operates under a strong regulatory backbone with three Tier-1 licenses, but lacks Tier-2 licenses. Although not listed on a stock exchange and not a bank, IronFX holds a slightly higher Trust Score of 83, positioning it as a trusted option for traders. Both brokers offer dependable regulatory compliance, yet their differences in Trust Scores and license counts offer traders varying degrees of confidence and choice.
| Feature |
Exness
|
IronFX
|
|---|---|---|
| Year Founded | 2008 | 2010 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 3 |
| Tier-2 Licenses | 3 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 3 | 1 |
Exness offers a diverse range of account options tailored to different trading preferences, including two standard accounts and three professional accounts. The costs associated with trading largely depend on the account type chosen. For those interested in commission-based accounts, Exness provides lower spreads compared to commission-free accounts. All accounts purely rely on market execution, aside from the Pro account, which offers the flexibility of both instant and market execution. Among the key offerings are the Standard Cent account with higher spreads, the Standard account with improved spreads, the Pro account with even lower spreads, the Zero Spread account with a commission of $0.05 per trade, and the Raw account which charges up to $7 per round turn lot.
When comparing pricing, IronFX has room for improvement with spreads that seem higher than the industry average. For instance, their Standard variable spread account lists a typical spread of 1.8 pips, though this can fluctuate depending on the account type. Additionally, their zero fixed-spread account starts at zero pips but incurs an $18 per lot commission, and spreads can widen up to 3 pips overnight. While IronFX's pricing model offers some flexibility, it's important to consider these fees when selecting an account type.
Based on reviews, Exness and IronFX both receive a rating of four out of five stars for their commissions and fees. However, when ranked by ForexBrokers.com among 62 brokers, Exness holds the #35 position while IronFX is positioned at #47. This information highlights the subtle distinctions in pricing and user perception between the two platforms, helping potential traders make informed decisions.
| Feature |
Exness
|
IronFX
|
|---|---|---|
| Minimum Deposit | $10 | $50 |
| Average Spread EUR/USD - Standard | N/A | 1.2 |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing Exness and IronFX, both platforms offer forex trading through CFD or spot contracts, catering to those interested in the dynamic world of currency exchange. In terms of tradeable symbols, IronFX stands out with an offering of 340 symbols compared to Exness's 227. However, Exness provides a slightly larger selection of forex pairs, offering 96 pairs while IronFX offers 83. Neither platform offers exchange-traded securities on U.S. or international exchanges, steering users toward CFD trading options instead. Both brokers also offer copy trading, making it easier for traders to mimic the strategies of more experienced investors.
For cryptocurrency enthusiasts, both Exness and IronFX provide options for cryptocurrency derivatives, but they do not facilitate the purchase of actual cryptocurrencies. Despite these offerings, each broker received a rating of 3.5 out of 5 stars for their range of investments. ForexBrokers.com ranks them similarly, with IronFX slightly ahead at #51 out of 62 brokers, while Exness is positioned at #55. This ranking reflects a diverse but niche-focused selection that caters primarily to forex and contract for difference traders. Overall, both platforms cater well to forex enthusiasts but have limitations for those seeking more diverse investment avenues.
| Feature |
Exness
|
IronFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 227 | 340 |
| Forex Pairs (Total) | 96 | 83 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
When comparing the trading platforms and tools offered by Exness and IronFX, there are several key distinctions to consider. Both brokers provide simulated trading through free virtual demo accounts, making it easy for beginners to practice without financial risk. However, Exness sets itself apart by offering a unique proprietary platform, unlike IronFX, which relies on established third-party platforms. Both brokers offer Windows-based and web-based trading platforms, with support for popular MetaTrader 4 (MT4) software. While Exness also provides MetaTrader 5 (MT5) for traders who prefer advanced options, IronFX does not offer this upgrade.
Regarding charting tools, Exness stands out with 87 drawing tools compared to IronFX's 15, providing traders with more options for technical analysis. Both brokers facilitate copy trading and allow trading directly from stock charts, enhancing trading versatility. They offer equal watchlist customization with seven columns. Rankings also reflect Exness's edge, rated four stars and ranked 26th out of 62 brokers by ForexBrokers.com, while IronFX has a 3.5-star rating and is positioned at 60th. For those seeking a more comprehensive trading experience, Exness appears to offer a superior range of options and flexibility.
| Feature |
Exness
|
IronFX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 107 | 30 |
| Charting - Drawing Tools (Total) | 87 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading, both Exness and IronFX deliver functional apps for both iPhone and Android users, complete with essential features like price alerts and watchlist creation with real-time quotes. However, if you are looking for an app with a comprehensive suite of tools, Exness takes the lead with 35 technical studies for charting compared to IronFX's 30. Both apps allow users to draw trendlines and view multiple time frames on their charts, but IronFX has an added advantage with its auto-saving of chart drawings. On the downside, neither support syncing watchlist symbols with online accounts, meaning your watchlists edited in the mobile app won't automatically update on desktop versions.
User reviews reflect these differences, with Exness earning a four-star rating overall, compared to IronFX's 3.5 stars. In terms of industry ranking, Exness holds the 26th position out of 62 brokers for mobile trading apps as per ForexBrokers.com, showcasing its commitment to providing a strong mobile trading experience. Conversely, IronFX ranks 61st, highlighting room for growth in this competitive category. For traders prioritizing technical analysis tools and a proven rating, Exness might be the more appealing choice.
| Feature |
Exness
|
IronFX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 35 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Exness and IronFX both provide traders with daily market commentary and access to forex news from reputable sources such as Bloomberg and Reuters, assuring traders stay informed with reliable information. In terms of analysis tools, both brokers offer resources from Trading Central, enabling users to conduct in-depth market evaluations. However, Exness takes it a step further with a sentiment-based trading tool, offering insights into market participants' positions across various currency pairs. Meanwhile, neither Exness nor IronFX provides tools from Autochartist, TipRanks, or Acuity Trading, and they both feature an economic calendar for broader market awareness.
When it comes to ratings, Exness and IronFX showcase notable differences. Exness holds a research rating of 3.5 stars, while IronFX is slightly ahead with 4 stars. According to ForexBrokers.com, Exness is ranked at #41 out of 62 brokers for research capabilities, whereas IronFX stands at #28. These rankings highlight IronFX's stronger position in research offerings, appealing to those prioritizing comprehensive market analysis tools and insights. Nonetheless, both platforms offer a range of resources to facilitate informed trading decisions.
| Feature |
Exness
|
IronFX
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources for beginners from Exness and IronFX, both brokers demonstrate a strong commitment to providing essential forex and CFD education. Each platform offers a comprehensive collection of over 10 educational materials, which includes articles, videos, and archived webinars focusing on forex and CFDs. Additionally, both brokers provide a searchable archive of recorded webinars to help users learn at their own pace. New traders will find value as Exness and IronFX both offer more than 10 beginner-friendly videos, although neither broker hosts ongoing monthly webinars or provides advanced educational content designed for experienced traders.
For those who wish to expand their financial vocabulary, both Exness and IronFX supply an investor dictionary with over 50 investing terms, making it easier for beginners to grasp complex trading concepts. Despite the similarities in their educational offerings, IronFX inches ahead with a slightly higher educational rating of 4 stars, compared to Exness's 3.5 stars. According to ForexBrokers.com rankings, IronFX also ranks higher in the Education category overall, positioned at #44 out of 62 brokers, whereas Exness stands at #47.
| Feature |
Exness
|
IronFX
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | No |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that Exness is better than IronFX. Exness finished with an overall rank of #43, while IronFX finished with an overall rank of #48.
Exness is a MetaTrader-only broker regulated in the EU offering multiple account types and forex pairs, but its offering lacks the range of CFDs forex brokers typically offer.
| Feature |
Exness
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IronFX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 81 | 83 |
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Both Exness and IronFX allow for trading in cryptocurrency derivatives but neither provides the option to purchase actual delivered cryptocurrency.
Both online brokers Exness and IronFX provide Skrill, Visa or Mastercard, and bank wires as deposit or withdrawal options, but neither supports ACH, SEPA transfers, or PayPal.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | Exness | IronFX | |
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| Trust Score | 81 | 83 | |
| Winner | check_circle | ||
| Review | Exness Review |
| Broker Screenshots | Exness | IronFX | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) | |||
| Mobile Trading Gallery (click to expand) | |||
| Research Gallery (click to expand) | |||
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| Regulation | Exness | IronFX | |
|---|---|---|---|
| Trust Score | 81 | 83 | |
| Year Founded | 2008 | 2010 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 3 | |
| Tier-2 Licenses | 3 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 3 | 1 |
| Tier-1 Licenses (Highly Trusted) | Exness | IronFX | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | Exness | IronFX | |
|---|---|---|---|
| Kenya (CMA Authorised) | Yes | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | Yes | No |
| Investments | Exness | IronFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 227 | 340 | |
| Forex Pairs (Total) | 96 | 83 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | Exness | IronFX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 1.2 | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Exness | IronFX | |
|---|---|---|---|
| Minimum Deposit | $10 | $50 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | Exness | IronFX | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Exness | IronFX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 107 | 30 | |
| Charting - Drawing Tools (Total) | 87 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Exness | IronFX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 35 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Exness | IronFX | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Exness | IronFX | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Exness | IronFX | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | Exness Review |
| Overall | Exness | IronFX | |
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| Trust Score | 81 | 83 | |
| Winner | check_circle | ||
| Review | Exness Review |
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