Written by ForexBrokers.com
In this head to head comparison of IronFX vs Forex4you, 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.
When choosing an online broker, understanding the regulatory framework is crucial. IronFX, founded in 2010, holds three Tier-1 licenses, placing it in the "trusted" category with a ForexBrokers.com Trust Score of 83 out of 99. This rating indicates IronFX as a reliable choice in the online trading sector. However, it is essential to know that IronFX is not publicly traded and does not operate as a bank. These factors contribute to its transparency and stability in the market.
Conversely, Forex4you, established in 2007, does not hold any Tier-1 or Tier-2 licenses, which are markers of high trust. With a ForexBrokers.com Trust Score of 61, it is seen as a high-risk option. Like IronFX, Forex4you is neither publicly listed nor a bank, yet the absence of significant regulatory licenses may affect its reliability. Prospective traders should weigh these factors when considering Forex4you as their online broker.
| Feature |
IronFX
|
Forex4you
|
|---|---|---|
| Year Founded | 2010 | 2007 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 0 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When comparing IronFX and Forex4you in terms of commissions and fees, IronFX offers a range of spread types across its various accounts. The Standard variable spread account has a typical spread of 1.8 pips, although specifics such as date range are not provided, and prices may fluctuate depending on the account chosen. IronFX's zero fixed-spread account offers an entry point of zero pips but includes an $18 per lot commission with overnight spreads expanding to 3 pips. IronFX receives a commendable rating of 4 out of 5 stars for its pricing model and ranks #47 out of 62 brokers according to ForexBrokers.com.
On the other hand, Forex4you does not provide specific average spread data, making a direct comparison challenging. Despite this lack of detailed information, Forex4you earns a moderately favorable rating of 3.5 out of 5 stars for its commissions and fees structure. However, it ranks slightly lower than IronFX, placing at #53 out of 62 brokers as rated by ForexBrokers.com.
| Feature |
IronFX
|
Forex4you
|
|---|---|---|
| Minimum Deposit | $50 | $0 |
| Average Spread EUR/USD - Standard | 1.2 | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | Yes | No |
| 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.
IronFX and Forex4you both facilitate forex trading through CFDs or spot contracts, offering traders a variety of options in the currency market. With 340 tradeable symbols, IronFX provides users a broader spectrum of trading opportunities compared to Forex4you's 150. Specifically, IronFX offers 83 forex pairs, nearly doubling Forex4you's 43, giving traders more flexibility and choice. Despite these differences, neither platform provides access to exchange-traded securities on U.S. or international exchanges, such as shares of major companies like Apple or Vodafone.
In the realm of cryptocurrency, both platforms allow the trading of derivatives rather than actual cryptocurrencies. They also support copy trading features, appealing to those looking to emulate successful trading strategies. Both IronFX and Forex4you receive a rating of 3.5 stars for their range of investment offerings. However, IronFX ranks slightly higher at #51 compared to Forex4you's #58, according to ForexBrokers.com, suggesting a marginal preference for IronFX's investment variety.
| Feature |
IronFX
|
Forex4you
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 340 | 150 |
| Forex Pairs (Total) | 83 | 43 |
| 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 online trading platforms of IronFX and Forex4you, both brokers provide useful features for traders, with simulated trading available through free virtual demo accounts. Each broker offers a Windows-based desktop download platform, as well as a web-based trading option accessible through a browser. IronFX utilizes well-known platforms like MetaTrader 4 (MT4), but does not offer MetaTrader 5 (MT5), while Forex4you supports both MT4 and MT5 and has developed its own proprietary platform for enhanced user experience. Both brokers allow for copy trading, though neither supports DupliTrade or ZuluTrade for social trading enthusiasts.
Traders looking into technical analysis will find that IronFX and Forex4you provide similar capabilities, each offering 15 drawing tools and direct trading from stock charts. For keeping track of market data, both brokers feature watch lists with up to seven columns for personalized data management. However, differences in ratings reflect a distinction in overall satisfaction with trading tools; IronFX earns a rating of 3.5 stars, ranked 60th among 62 brokers, while Forex4you scores slightly better with 4 stars, ranked 52nd. With these insights, potential traders can make an informed decision that aligns with their trading preferences and needs.
| Feature |
IronFX
|
Forex4you
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 30 |
| Charting - Drawing Tools (Total) | 15 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
IronFX and Forex4you both provide mobile trading apps that cater to iPhone and Android users, making them accessible for on-the-go trading. Both apps feature stock and forex price alerts, ensuring that traders can stay updated with market movements. Additionally, each app offers 30 technical studies for charting and allows users to draw trendlines and view multiple time frames, providing versatile tools for technical analysis. Although they both support real-time quote watchlists, neither app supports watchlist symbol syncing with the client's online account.
Despite their similarities, Forex4you's app is favored slightly more in user ratings. It boasts a 4-star rating for its mobile trading experience, whereas IronFX garners a 3.5-star rating. This preference is echoed in the rankings provided by ForexBrokers.com, where Forex4you stands at #50 out of 62 brokers, whereas IronFX holds the #61 position. These insights could be crucial for traders making decisions based on mobile app functionality and overall user experience.
| Feature |
IronFX
|
Forex4you
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing IronFX and Forex4you in terms of market research offerings, both brokers provide daily market commentary and access to forex news from reputable sources like Bloomberg, Reuters, and Dow Jones. IronFX and Forex4you also utilize Trading Central tools for technical analysis. However, Forex4you stands out by offering advanced technical analysis tools from Autochartist, which IronFX does not include in its suite of research resources. Both platforms offer comprehensive economic calendars to keep traders informed about global news events but do not provide sentiment-based trading tools or research from companies like TipRanks and Acuity Trading.
Despite some differences in research tools, IronFX has a slightly higher research rating with 4 stars compared to Forex4you's 3.5 stars. On ForexBrokers.com, IronFX ranks 28th out of 62 brokers for research, while Forex4you holds the 47th position. These rankings suggest that IronFX might provide a more favorable research experience overall, although individual needs may influence preference between these two brokers. Traders should consider these factors along with their specific requirements when choosing the best platform for their trading strategy.
| Feature |
IronFX
|
Forex4you
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | No | 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 offered by IronFX and Forex4you for new traders, there are a few key differences to note. Both brokers provide a comprehensive set of more than ten educational materials focused on forex or CFDs, including articles and videos, which makes them great starting points for beginners. Additionally, each has a searchable archive of past client webinars. However, IronFX stands out by offering at least ten educational videos specifically aimed at beginners, along with a helpful investor dictionary containing definitions for over 50 investing terms. In contrast, Forex4you does not provide beginner-specific video content or an extensive investor dictionary.
As for regular webinars, both IronFX and Forex4you lack the provision of monthly online educational client webinars, which can be a drawback for learners who value live interaction. Ratings for education give IronFX an edge, with 4 out of 5 stars compared to Forex4you's 3.5 stars. Despite this, Forex4you holds a higher rank for education at #25 out of 62 brokers compared to IronFX, which comes in at #44. This suggests that, while IronFX offers more targeted beginner resources, Forex4you might be better perceived in the broader educational scope per ForexBrokers.com’s rankings.
| Feature |
IronFX
|
Forex4you
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | No | No |
| Investor Dictionary (Glossary) | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that IronFX is better than Forex4you. IronFX finished with an overall rank of #48, while Forex4you finished with an overall rank of #55.
IronFX has come a long way to rebuild its brand, acquiring multiple regulatory licenses to improve its Trust Score, and creating balanced educational material. That said, pricing is an area where IronFX has room to further improve as spreads appeared higher than the industry average.
| Feature |
IronFX
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Forex4you
|
|---|---|---|
| Overall Rating |
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| Trust Score | 83 | 61 |
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IronFX and Forex4you both do not offer the ability to buy actual, delivered cryptocurrency, but they each provide options to trade cryptocurrency derivatives.
Both IronFX and Forex4you provide options for depositing or withdrawing funds through Skrill, Visa, Mastercard, and bank wires, while neither supports ACH, SEPA, or PayPal transactions.
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 | IronFX | Forex4you | |
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| Trust Score | 83 | 61 | |
| Winner | check_circle | ||
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| Broker Screenshots | IronFX | Forex4you | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) | |||
| Mobile Trading Gallery (click to expand) | |||
| Research Gallery (click to expand) | |||
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| Regulation | IronFX | Forex4you | |
|---|---|---|---|
| Trust Score | 83 | 61 | |
| Year Founded | 2010 | 2007 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 3 | 0 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | IronFX | Forex4you | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| 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 | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | IronFX | Forex4you | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | IronFX | Forex4you | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 340 | 150 | |
| Forex Pairs (Total) | 83 | 43 | |
| 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 | IronFX | Forex4you | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.2 | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | IronFX | Forex4you | |
|---|---|---|---|
| Minimum Deposit | $50 | $0 | |
| 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 | IronFX | Forex4you | |
|---|---|---|---|
| Proprietary Platform | No | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | IronFX | Forex4you | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| Charting - Drawing Tools (Total) | 15 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | IronFX | Forex4you | |
|---|---|---|---|
| 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 | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | IronFX | Forex4you | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | IronFX | Forex4you | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | IronFX | Forex4you | |
|---|---|---|---|
| GBP/USD | Yes | No | |
| USD/JPY | Yes | No | |
| EUR/USD | Yes | No | |
| USD/CHF | Yes | No | |
| USD/CAD | Yes | No | |
| NZD/USD | Yes | No | |
| AUD/USD | Yes | No | |
| Review |
| Overall | IronFX | Forex4you | |
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| Trust Score | 83 | 61 | |
| Winner | check_circle | ||
| Review |
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