Written by ForexBrokers.com
In this head to head comparison of FxPro 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.
FxPro and IronFX stand as significant players in the online brokerage industry, each bringing their unique strengths to traders globally. Established in 2006, FxPro has garnered a ForexBrokers.com Trust Score of 90, positioning it in the highly trusted category. On the other hand, IronFX, founded in 2010, holds a Trust Score of 83, which designates it as a trusted broker. Both companies are private entities and do not function as banks, showcasing their strong focus on brokerage services.
Regulatory credentials are a key differentiator between these brokers. FxPro holds 2 Tier-1 licenses as well as 1 Tier-2 license, reflecting a strong regulatory standing. Meanwhile, IronFX surpasses in Tier-1 regulatory counts with 3 licenses but does not hold any Tier-2 licenses. These varying regulatory accolades suggest that while FxPro maintains a noteworthy presence in both highly trusted and trusted regulatory categories, IronFX has concentrated its licensing efforts on securing highly trusted status. This information can help traders in evaluating the regulatory confidence associated with each broker.
| Feature |
FxPro
|
IronFX
|
|---|---|---|
| Year Founded | 2006 | 2010 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 3 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 1 |
FxPro and IronFX provide distinct approaches to commissions and fees, each with their own set of advantages and limitations. FxPro offers traders both variable and fixed spreads on their MT4 platform, with variable spreads available through instant or market execution methods. Their most competitive rates are found on the cTrader platform, where they follow a commission-based pricing model offering an effective spread of approximately 1.27 pips for the EUR/USD pair. While FxPro provides an Active Trader program with discounts up to 30%, its pricing still tends to be higher than industry averages, scoring it a 4-star rating and ranking it 32 out of 62 brokers in the Commissions and Fees category according to ForexBrokers.com.
On the other hand, IronFX focuses on variable and zero fixed-spread accounts, albeit with some limitations. Their Standard account lists typical spreads of 1.8 pips, although the spread can vary depending on the account type. With a zero fixed-spread account, spreads start at zero but require a $18 per lot commission and can widen to 3 pips overnight. While their pricing framework leaves room for improvement, IronFX also earns a 4-star rating, though it ranks lower than FxPro at 47 out of 62 brokers in commissions and fees by ForexBrokers.com.
When evaluating both brokers, traders should be mindful of FxPro’s somewhat higher pricing, which is countered by competitive rates on the cTrader platform, against IronFX's straightforward yet potentially more expensive zero fixed-spread account model. Understanding these subtle differences can aid in selecting the most cost-effective broker for your trading strategies.
| Feature |
FxPro
|
IronFX
|
|---|---|---|
| Minimum Deposit | $100 | $50 |
| Average Spread EUR/USD - Standard | 1.51 | 1.2 |
| All-in Cost EUR/USD - Active | 1.27 | N/A |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | 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 evaluating FxPro and IronFX for their range of investment options, both online brokers provide traders with forex trading through CFDs or spot contracts. FxPro offers a significant advantage with 2,249 tradeable symbols, far surpassing IronFX’s 340. Although IronFX hosts more tradeable forex pairs, with 83 compared to FxPro’s 70, FxPro stands out by offering international exchange-traded securities, giving clients the ability to invest in well-known companies like Vodafone. Neither platform provides access to U.S. exchange-traded securities or the option to purchase actual cryptocurrencies, but both brokers allow trading in cryptocurrency derivatives.
Additionally, both FxPro and IronFX integrate copy trading features, enhancing the versatility of trading strategies. In terms of ratings, FxPro receives a solid four stars for its range of investments, while IronFX earns 3.5 stars. For perspective, FxPro ranks 28th out of 62 brokers in this category, while IronFX lands at 51st, underscoring FxPro’s broader investment offerings and higher appeal among the trading community.
| Feature |
FxPro
|
IronFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 2249 | 340 |
| Forex Pairs (Total) | 70 | 83 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | Yes | 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 considering FxPro and IronFX for trading platforms and tools, both brokers offer a range of features to meet traders' needs. FxPro stands out with its proprietary platform, allowing for a unique trading experience developed in-house. Both brokers provide a Windows-based desktop download and web-based trading platforms, ensuring flexibility in trading. For those keen on simulated trading, both companies offer free virtual demo accounts, perfect for beginners or those wanting to test strategies risk-free. Additionally, both brokers support the popular MetaTrader 4 (MT4); however, only FxPro offers access to the newer MetaTrader 5 (MT5), potentially providing users with advanced features and functionalities.
In terms of functionality, FxPro offers 25 drawing tools for charting compared to IronFX's 15, which could be a significant advantage for traders relying on technical analysis. Both brokers enable trading directly from stock charts, enhancing trading efficiency. Despite IronFX offering more columns for watch lists—7 compared to FxPro's 6—FxPro is rated higher overall for trading platforms and tools, scoring 4 stars versus IronFX’s 3.5. Moreover, ForexBrokers.com ranks FxPro 19th out of 62 brokers in the Trading Platforms and Tools category, while IronFX is positioned at 60th, suggesting that FxPro might be the preferred choice for traders looking for comprehensive platform capabilities.
| Feature |
FxPro
|
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) | 53 | 30 |
| Charting - Drawing Tools (Total) | 25 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 6 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
FxPro and IronFX both provide mobile trading apps available for iPhone and Android, ensuring that users can trade on the go regardless of their device. Each app supports key trading features such as stock and forex price alerts, trendlines on charts, multiple time frame views, and the ability to create watchlists with real-time quotes. However, FxPro stands apart with its more advanced features, including watchlist symbol syncing that allows watchlists to seamlessly sync across platforms, eliminating the hassle of manual updates. FxPro also offers 65 technical studies for charting, which is over double the 30 studies provided by IronFX, catering to traders looking for more in-depth analysis tools.
Additionally, FxPro's mobile app has received a higher user rating of 4.5 out of 5 stars compared to IronFX’s 3.5 stars, indicating a greater level of user satisfaction. In terms of industry recognition, FxPro is ranked #15 among 62 brokers for its mobile trading app according to ForexBrokers.com, while IronFX trails significantly at #61. This demonstrates a stronger overall performance and trustworthiness for those choosing FxPro as their mobile trading platform.
| Feature |
FxPro
|
IronFX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 65 | 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 analyzing the offerings of FxPro and IronFX for market research amenities, both brokers deliver daily market commentary and access to forex news from prestigious sources like Bloomberg and Reuters, ensuring traders are well-informed. Additionally, both provide tools from Trading Central for technical analysis, along with useful economic calendars to track key global events. However, FxPro gains a slight edge by offering a sentiment-based trading tool that contrasts long and short positions on currency pairs, a feature IronFX does not provide.
When it comes to additional research tools, neither broker offers services from Autochartist, TipRanks, or Acuity Trading. Despite these similarities, FxPro and IronFX both achieve a solid 4-star rating for research capability from ForexBrokers.com. In terms of rankings, FxPro stands at #27 out of 62 brokers in the research category, just ahead of IronFX, which is placed at #28. This subtle ranking difference highlights FxPro's slight advantage in catering to research needs, although both brokers generally provide comprehensive information for traders.
| Feature |
FxPro
|
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.
FxPro and IronFX both provide ample educational resources for beginners interested in forex and CFDs trading. Each broker offers more than 10 educational materials, including articles, videos, and archived webinars, to help newcomers understand the basics of trading. While both platforms lack live educational webinars each month, they make up for it by offering searchable archives of previously recorded sessions, allowing users to learn at their own pace. Additionally, beginner traders will find at least 10 introductory educational videos available on both platforms, covering core trading topics to help ease them into the world of online trading.
When it comes to specialized resources, neither FxPro nor IronFX supplies an extensive collection of advanced educational videos for seasoned traders. However, both brokers do feature an investor dictionary that defines over 50 investing terms, which can be a valuable tool for traders of all levels. According to ForexBrokers.com's rankings, FxPro earns a higher spot at 17th place compared to IronFX, which is ranked 44th out of 62 brokers in the Education category. Nonetheless, they both receive a commendable 4-star rating for their educational offerings, ensuring that beginners have reliable resources to start their trading journey.
| Feature |
FxPro
|
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 FxPro is better than IronFX. FxPro finished with an overall rank of #21, while IronFX finished with an overall rank of #48.
FxPro competes among the top MetaTrader brokers, featuring multiple account options and various execution methods. It provides its own proprietary FxPro Edge app – though it isn’t yet available for mobile – alongside access to the BnkPro app (which isn’t yet available in all regions).
| Feature |
FxPro
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IronFX
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|---|---|---|
| Overall Rating |
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| Trust Score | 90 | 83 |
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Both FxPro and IronFX do not provide the option to purchase actual delivered cryptocurrency, but they do offer the ability to buy cryptocurrency derivatives.
FxPro stands out from IronFX by offering a wider range of deposit and withdrawal options, including ACH or SEPA transfers and PayPal, alongside shared options like Skrill, Visa, Mastercard, and bank wires.
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 | FxPro | IronFX | |
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| Trust Score | 90 | 83 | |
| Winner | check_circle | ||
| Review | FxPro Review |
| Broker Screenshots | FxPro | IronFX | |
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| Regulation | FxPro | IronFX | |
|---|---|---|---|
| Trust Score | 90 | 83 | |
| Year Founded | 2006 | 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 | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 1 |
| Tier-1 Licenses (Highly Trusted) | FxPro | 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) | FxPro | IronFX | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | 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) | No | No |
| Investments | FxPro | IronFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 2249 | 340 | |
| Forex Pairs (Total) | 70 | 83 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | Yes | 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 | FxPro | IronFX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.51 | 1.2 | |
| All-in Cost EUR/USD - Active | 1.27 | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | FxPro | IronFX | |
|---|---|---|---|
| Minimum Deposit | $100 | $50 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | FxPro | 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 | Yes | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | FxPro | IronFX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 7 | |
| Charting - Indicators / Studies (Total) | 53 | 30 | |
| Charting - Drawing Tools (Total) | 25 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FxPro | IronFX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 65 | 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 | FxPro | 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 | FxPro | 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 | FxPro | 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 | FxPro Review |
| Overall | FxPro | IronFX | |
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| Trust Score | 90 | 83 | |
| Winner | check_circle | ||
| Review | FxPro Review |
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