FlowBank vs IronFX Comparison
Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 62 forex and CFD brokerages to find the best forex broker. Let's compare FlowBank vs IronFX.
Does FlowBank or IronFX offer lower pricing?
Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, FlowBank offers better pricing overall for traders.
Is FlowBank or IronFX safer for forex and CFDs trading?
At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. IronFX holds 3 global Tier-1 licenses, while FlowBank holds 1. Both FlowBank and IronFX hold 0 global Tier-2 licenses. In our analysis of 23 international regulators across 50 brokers, IronFX (84) earned a higher Trust Score than FlowBank (80).
Which trading platform is better: FlowBank or IronFX?
To compare the trading platforms of both FlowBank and IronFX, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, FlowBank offers a better experience. With research, IronFX offers superior market research. Finally, we found FlowBank to provide better mobile trading apps.
What about MetaTrader and copy trading?
For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Both FlowBank and IronFX offer MetaTrader 4 (MT4).FlowBank and IronFX both offer copy trading.
How many forex pairs and CFDs are available to trade?
IronFX provides traders 83 currency pairs (e.g., EUR/USD) compared to FlowBank's 52 available pairs. Forex pairs aside, FlowBank offers traders access to 408600 CFDs while IronFX has 340 available CFDs, a difference of 408260.
Can I trust FlowBank?
FlowBank operates a regulated Swiss bank, and is authorised by one Tier-1 regulator (high trust): the Swiss Financial Market Supervisory Authority (FINMA).
Can I trust IronFX?
IronFX is not publicly traded and does not operate a bank. IronFX is authorised by three tier-1 regulators (high trust), zero tier-2 regulators (average trust), zero tier-3 regulators (low trust), and one tier-4 regulator. IronFX is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC), European Union Authorized (MiFID), and the Financial Conduct Authority (FCA).
Is FlowBank good?
As a relative newcomer to the Swiss online brokerage scene, FlowBank already has a lot to offer its customers. FlowBank clients benefit from the advantages that come with holding a Swiss bank account, and its brokerage services provide access to more advertised symbols than any online broker that we’ve reviewed thus far.
Is IronFX good?
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 Iron FX has room to further improve as spreads appeared higher than the industry average.
Overall winner: FlowBank
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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.