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 and IronFX offer a variety of account types, each with its own fee structures tailored to accommodate diverse trading strategies. Exness provides five primary account options, including two standard and three professional accounts, with an additional social copy trading feature for those interested in sharing and replicating trading strategies. The choice between commission-based and commission-free accounts at Exness affects the associated spreads, with the commission-based options offering lower spreads. Their accounts support market execution, although the Pro account offers both instant and market execution. Key account types like Zero Spread and Raw involve a per-trade commission, offering traders competitive spreads and flexibility in leverage without restrictive stop-out conditions.
In contrast, IronFX faces opportunities for enhancement in their pricing strategy, having relatively higher average spreads compared to the industry norm. Their Standard variable spread account typically hosts a spread of 1.8 pips, though this varies. IronFX's zero fixed-spread account presents an initial zero spread but is accompanied by a $18 commission per lot, with an observation of wider spreads overnight. This arrangement might appeal to traders who engage in frequent trading throughout the day but may be less attractive for those looking to trade over long periods due to cost implications.
Regarding overall ratings, both Exness and IronFX receive a commendable four-star score for their commissions and fees, indicating a level of satisfaction among many users. However, when ranked by ForexBrokers.com, Exness holds the 35th position out of 63 brokers, outperforming IronFX, which is ranked at 46th. These rankings suggest that while both brokers offer solid options, Exness might provide slightly more competitive and flexible trading conditions focused on commissions and fees.
| 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.
Exness and IronFX both facilitate forex trading through CFDs, with IronFX offering a broader selection of tradeable symbols totaling 340, compared to Exness' suite of 227 options. However, when it comes to forex pairs, Exness surpasses IronFX by offering 96 pairs against IronFX's 83. Despite the lack of access to exchange-traded securities on both U.S. and international platforms, traders can engage in copy trading and dive into cryptocurrency derivatives with either broker, as neither currently provides direct cryptocurrency purchases.
Both Exness and IronFX receive an identical rating of 3.5 stars for their range of investments. With respect to broader rankings, IronFX edges slightly ahead, securing the 51st position among 63 brokerages, whereas Exness is placed at 55. This subtle distinction may guide those focused on a comprehensive investment offering, although each platform provides distinct advantages catering to specific trading needs.
| 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.
Exness and IronFX both offer comprehensive trading platforms, each with their own strengths. Both brokers provide simulated trading through free virtual demo accounts, allowing traders to practice without financial risk. Exness sets itself apart by offering a proprietary platform, developed in-house, while IronFX does not have this feature. Both brokers support popular platforms such as MetaTrader 4, but Exness goes further by also supporting MetaTrader 5, giving traders access to additional features. When it comes to platform access, both Exness and IronFX offer Windows-based desktop platforms and web-based platforms that can be accessed directly through a browser, ensuring ease of access regardless of the trader's preferred method.
For traders interested in advanced tools for analyzing markets, Exness appears to provide more options. The broker offers an impressive 87 drawing tools for charting compared to IronFX's 15, although both offer the ability to trade directly from a stock chart. Additionally, Exness and IronFX align by including copy trading within their suite of services. For managing watch lists, both brokers offer 7 columns for field customization. In terms of ratings, Exness garners a higher rating of 4 stars out of 5 for its trading platforms and tools, compared to IronFX's 3.5 stars. Furthermore, in the ForexBrokers.com ranking, Exness is positioned at #26, a significantly better ranking than IronFX at #61 out of 63 brokers. This suggests Exness provides a more comprehensive trading experience, especially for those craving a balance of proprietary and third-party platform options.
| 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.
Exness and IronFX both offer user-friendly mobile trading apps for iPhone and Android, catering to traders who require the convenience of managing their investments on the go. Both brokers provide features like forex and stock price alerts, real-time watchlists, and the ability to draw trendlines and view different time frames. However, when it comes to technical studies for charting, Exness surpasses IronFX with 35 studies compared to IronFX's 30. These mobile apps, however, fall short in syncing watchlist symbols between the mobile app and the online account. Additionally, while IronFX's app auto-saves chart drawings, Exness does not offer this feature.
In terms of ratings, Exness is recognized for providing a slightly higher quality mobile trading experience with a 4-star rating compared to IronFX's 3.5 stars. This distinction is reflected in their rankings by ForexBrokers.com, where Exness stands at #26 among 63 brokers, while IronFX finds itself positioned lower at #62. Both apps are adequate for traders but Exness appears to offer a more comprehensive suite of features and usability, particularly in its charting capabilities, giving it an edge in the competitive landscape of mobile trading solutions.
| 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.
When evaluating the market research capabilities of Exness and IronFX, both brokers provide daily market commentary and deliver forex news from leading sources such as Bloomberg and Reuters. They each incorporate technical analysis and fundamental research tools through Trading Central, enhancing their analytical offerings. However, only Exness equips its users with a sentiment-based trading tool that highlights the proportion of long versus short positions across various instruments, offering an additional layer of market insight compared to IronFX.
Neither broker delivers market research from TipRanks or Acuity Trading, but they both offer economic calendars that keep traders informed about key global events. When it comes to third-party ratings, IronFX is rated slightly higher with four stars for research, outperforming Exness, which holds a 3.5-star rating. According to ForexBrokers.com, IronFX is ranked #28 out of 63 brokers for research, while Exness is placed at #41, indicating a stronger market research position for IronFX from a rankings perspective.
| 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 it comes to educational resources for beginners, Exness and IronFX each offer a variety of tools designed to help new traders. Both brokers provide at least ten educational materials, including articles, videos, and archived webinars that focus primarily on forex or CFDs. Additionally, they each feature a searchable archive of past webinars, allowing learners to access recorded sessions whenever they need. Beginner traders can also find at least ten educational videos tailored specifically to their needs on both platforms. For those looking to understand the terminology used in trading, both Exness and IronFX offer investor dictionaries containing definitions for over 50 investing terms.
Although Exness and IronFX provide similar foundational educational tools, their overall education offerings differ slightly in rating and reputation. IronFX edges ahead with a 4-star rating for its educational resources compared to Exness, which holds a 3.5-star rating. Additionally, IronFX is ranked #44 out of 63 brokers in the Education category by ForexBrokers.com, slightly outperforming Exness, which is positioned at #47. While both brokers are well-equipped to support beginners, IronFX's slightly higher rating might make it a more attractive option for those prioritizing educational offerings.
| 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 63 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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