Written by ForexBrokers.com
In this head to head comparison of IronFX vs FXGT.com, 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.
IronFX, established in 2010, and FXGT.com, founded in 2019, are two notable players in the online brokerage arena. Neither is publicly traded or operates as a bank. When it comes to regulation, IronFX stands out with three Tier-1 licenses, indicating a highly trusted status. In contrast, FXGT.com holds one Tier-1 license, which still signifies a degree of trust. Additionally, FXGT.com also has a Tier-2 license, illustrating a broader regulatory base compared to IronFX, which does not have any Tier-2 licenses.
According to ForexBrokers.com, IronFX garners a Trust Score of 83, classifying it in the trusted bracket. FXGT.com, on the other hand, receives a Trust Score of 69, placing it in the high-risk category. This comparison underscores IronFX’s stronger position in terms of trust and regulatory compliance, given its longer presence in the market and its higher accumulation of Tier-1 licenses.
| Feature |
IronFX
|
FXGT.com
|
|---|---|---|
| Year Founded | 2010 | 2019 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 1 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 2 |
When comparing the online brokers IronFX and FXGT.com, there are noticeable differences in their commission and fee structures. IronFX's pricing strategy could benefit from some enhancement since their spreads are often higher than the industry average. They offer a Standard variable spread account with a typical spread of 1.8 pips, though this may vary based on the account type and market conditions. With their zero fixed-spread account, traders start with spreads beginning at zero pips but incur a commission of $18 per lot. Additionally, spreads can widen to 3 pips overnight.
Meanwhile, FXGT.com does not provide average spread data, which makes it harder to assess their costs transparently. This lack of information could be a drawback for traders who prioritize cost comparisons when selecting a broker. Generally, knowing the average spreads can help traders estimate their trading costs, but FXGT.com's omission of this data might pose a challenge in understanding their pricing fully.
In terms of ratings, IronFX earns a commendable 4 out of 5 stars for their commissions and fees, ranking 47th out of 62 brokers as assessed by ForexBrokers.com. FXGT.com, on the other hand, receives a score of 3.5 stars and ranks 55th, suggesting that they might not be as competitive in this area. For traders evaluating brokers based on commissions and fees, these rankings and ratings offer a helpful point of comparison between IronFX and FXGT.com.
| Feature |
IronFX
|
FXGT.com
|
|---|---|---|
| Minimum Deposit | $50 | $5 |
| 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 | Yes |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
IronFX and FXGT.com both facilitate trading in forex as contracts for difference (CFDs) or spot contracts, catering to different needs of traders. When it comes to the variety of tradeable symbols, IronFX leads the way with 340, significantly outpacing FXGT.com's 117 offerings. However, both platforms fall short in providing direct access to exchange-traded securities, as neither offers the option to purchase individual U.S. or international shares like Apple or Vodafone. For investors interested in forex trading, IronFX again boasts a broader selection with 83 forex pairs compared to the 53 available from FXGT.com.
Both brokers provide the option for copy trading, allowing users to automatically replicate the trades of more experienced investors. This feature can be particularly attractive for beginners. Additionally, each platform supports the trading of cryptocurrency derivatives, although they do not offer the option to buy actual cryptocurrencies. IronFX enjoys a slightly higher rating of 3.5 stars in the Range of Investments category, ranking #51 out of 62 brokers by ForexBrokers.com. In contrast, FXGT.com is rated 3 stars and is ranked #60, indicating a more limited variety of investment options compared to IronFX.
| Feature |
IronFX
|
FXGT.com
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 340 | 117 |
| Forex Pairs (Total) | 83 | 53 |
| 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.
IronFX and FXGT.com offer similar trading platforms and features, catering to both beginner and seasoned traders. Both brokers provide free demo accounts, allowing users to simulate trading without financial risks. They support popular platforms like MetaTrader 4, available as both a Windows-based desktop download and a web-based version, offering flexibility depending on user preferences. While neither broker has developed its proprietary platform, FXGT.com stands out by providing access to MetaTrader 5, offering additional functionality for those interested in more advanced trading options. Additionally, both enable trading directly from stock charts, supporting traders in making swift decisions. Copy trading is also offered by both brokers, enhancing their appeal to those who appreciate mimicking experienced traders' strategies.
Charting tools mark a noticeable difference between the two; IronFX offers 15 drawing tools compared to FXGT.com's more generous 23. This difference gives FXGT.com a slight edge in this domain, although IronFX provides more columns for watch lists, with seven compared to FXGT.com's five, allowing greater customization in tracking selected assets. Both brokers lack DupliTrade and ZuluTrade features but perform well overall in offering essential trading resources. Rated by ForexBrokers.com for their trading platforms and tools, IronFX scores 3.5 stars and ranks 60th out of 62 brokers, whereas FXGT.com achieves a higher rating of 4 stars, ranked 56th. This reflects FXGT.com’s slight advantage in terms of platform features and user experience.
| Feature |
IronFX
|
FXGT.com
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | No |
| 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 | 37 |
| Charting - Drawing Tools (Total) | 15 | 23 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 5 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing IronFX and FXGT.com for their mobile trading apps, both platforms have striking similarities. They each offer apps for iPhone and Android devices, provide stock or forex price alerts, and allow users to draw trendlines on charts. Additionally, both apps auto-save drawings on charts and let users access multiple time frames, such as daily, weekly, or intraday views. For those keen on technical analysis, each app offers 30 technical studies for charting. Creating watchlists with real-time quotes is also an option on both platforms.
While the core trading features align closely, a key distinction lies in watchlist management. FXGT.com outshines IronFX in this aspect by offering watchlist symbol syncing, allowing seamless integration across devices, a feature IronFX lacks. Notably, despite these capabilities, both platforms received a 3.5-star rating for their mobile apps. However, in a broader comparison by ForexBrokers.com, IronFX is ranked #61, slightly trailing behind FXGT.com, which holds the #58 spot out of 62 brokers for mobile trading apps.
| Feature |
IronFX
|
FXGT.com
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | Yes |
| 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 FXGT.com for market research, IronFX stands out with its comprehensive offerings. It provides daily market commentary and reliable forex news from prominent sources like Bloomberg and Reuters. Additionally, IronFX users can benefit from technical analysis tools provided by Trading Central and access a detailed economic calendar to stay informed about key global events. In contrast, FXGT.com does not offer daily market commentary or top-tier forex news, but it does provide a unique sentiment-based trading tool to analyze positions across various currency pairs. While both brokers offer economic calendars, IronFX's broader research tools contribute to its higher rating.
IronFX has been awarded a strong 4-star rating for research, ranking 28th out of 62 brokers by ForexBrokers.com. FXGT.com, on the other hand, receives a modest 3-star rating and is ranked 56th. While both platforms have their strengths, IronFX’s more extensive market research capabilities and variety of tools give it an edge over FXGT.com. For traders seeking comprehensive research resources and reliable market insights, IronFX may be the preferable option.
| Feature |
IronFX
|
FXGT.com
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | No | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to education for beginners in the world of forex and CFDs, IronFX stands ahead of FXGT.com. IronFX offers more than 10 educational resources including articles, videos, and archived webinars specifically focusing on forex or CFDs, making it a favorable choice for those new to trading. While both platforms lack monthly webinars, IronFX provides a searchable archive of recorded webinars, giving users access to past learning sessions. For visual learners who prefer video content, IronFX offers more than 10 beginner-focused educational videos, contrary to FXGT.com, which does not meet this benchmark.
Both IronFX and FXGT.com provide an investor dictionary with a comprehensive list of over 50 trading terms, helping users familiarize themselves with essential vocabulary. However, when it comes to educational quality, IronFX outshines FXGT.com with a rating of 4 stars versus FXGT.com’s 3 stars. Additionally, in a ranking of 62 brokers, IronFX is positioned at #44 for the Education category, while FXGT.com trails behind at rank #59. These differences highlight IronFX’s stronger emphasis on supporting beginners as they take their first steps in trading.
| Feature |
IronFX
|
FXGT.com
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| 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 IronFX is better than FXGT.com. IronFX finished with an overall rank of #48, while FXGT.com finished with an overall rank of #58.
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
|
FXGT.com
|
|---|---|---|
| Overall Rating |
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| Trust Score | 83 | 69 |
| Range of Investments |
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Neither IronFX nor FXGT.com offers the ability to buy actual delivered cryptocurrency, but both platforms provide options for trading cryptocurrency derivatives.
In comparing online brokers, IronFX does not support ACH or SEPA transfers for funding, unlike FXGT.com, which offers these options; both platforms support Visa and Mastercard transactions, while IronFX additionally provides Skrill, and both support bank wires, but neither offers 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 | IronFX | FXGT.com | |
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| Trust Score | 83 | 69 | |
| Winner | check_circle | ||
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| Broker Screenshots | IronFX | FXGT.com | |
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| Regulation | IronFX | FXGT.com | |
|---|---|---|---|
| Trust Score | 83 | 69 | |
| Year Founded | 2010 | 2019 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 3 | 1 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 2 |
| Tier-1 Licenses (Highly Trusted) | IronFX | FXGT.com | |
|---|---|---|---|
| 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 | Yes |
| Tier-2 Licenses (Trusted) | IronFX | FXGT.com | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | IronFX | FXGT.com | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 340 | 117 | |
| Forex Pairs (Total) | 83 | 53 | |
| 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 | FXGT.com | |
|---|---|---|---|
| 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 | FXGT.com | |
|---|---|---|---|
| Minimum Deposit | $50 | $5 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | Yes |
| Trading Platforms | IronFX | FXGT.com | |
|---|---|---|---|
| Proprietary Platform | No | No | |
| 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 | FXGT.com | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 5 | |
| Charting - Indicators / Studies (Total) | 30 | 37 | |
| Charting - Drawing Tools (Total) | 15 | 23 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | IronFX | FXGT.com | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | Yes | |
| 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 | FXGT.com | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | IronFX | FXGT.com | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | IronFX | FXGT.com | |
|---|---|---|---|
| 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 |
| Overall | IronFX | FXGT.com | |
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| Trust Score | 83 | 69 | |
| Winner | check_circle | ||
| Review |
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