Written by ForexBrokers.com
In this head to head comparison of IronFX vs FXOpen, 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 and FXOpen are both private online trading brokers that are not listed on stock exchanges and do not operate as banks. Despite being relatively newer to the industry, having been founded in 2010, IronFX holds a slightly higher standing with a Trust Score of 83 out of 99 on ForexBrokers.com, indicating a trusted status. The company boasts three Tier-1 licenses, which is a mark of high trust in the online trading space.
Established earlier in 2003, FXOpen carries a Trust Score of 76 out of 99, noting an average risk level. The broker holds two Tier-1 licenses, underscoring its commitment to maintaining a secure and trustworthy trading environment. Neither broker has Tier-2 licenses, and this information might help investors make informed decisions based on their trust preferences.
| Feature |
IronFX
|
FXOpen
|
|---|---|---|
| Year Founded | 2010 | 2003 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 2 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
IronFX and FXOpen both provide competitive options in online trading, though there are differences in their commissions and fees. IronFX's pricing may leave something to be desired, as its Standard variable spread account lists a typical spread of 1.8 pips, which is higher than the industry average. The zero fixed-spread account starts at no spread but incurs an $18 per lot commission, with spreads widening to 3 pips overnight. Despite these rates, IronFX earns a 4-star rating out of five for its commissions and fees.
In comparison, FXOpen does not publicly provide average spread data for its accounts, leaving some uncertainty for potential users. However, FXOpen also holds a 4-star rating for commissions and fees, aligning with IronFX. While lacking detailed spread information, FXOpen still manages to maintain a presence in the competitive landscape of online trading platforms.
When it comes to rankings, IronFX is positioned at #47 out of 63 brokers for commissions and fees, according to ForexBrokers.com. FXOpen slightly edges out its competitor, being ranked at #45. This slight advantage indicates a marginally better standing in the eyes of ForexBrokers.com reviewers, despite both brokers having identical star ratings for their fee structures.
| Feature |
IronFX
|
FXOpen
|
|---|---|---|
| Minimum Deposit | $50 | $100 |
| Average spread (EUR/USD) - Standard account | 1.2 | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Non-wire bank transfer | No | No |
| PayPal (Deposit/Withdraw) | ||
| Skrill (Deposit/Withdraw) | ||
| Bank Wire (Deposit/Withdraw) |
Dive deeper: Best Low Spread Forex Brokers.
IronFX offers a wider range of investments than FXOpen. IronFX lists 340 tradeable symbols and 83 forex pairs, while FXOpen provides 87 symbols and 25 forex pairs. Both brokers support forex trading through CFDs and/or spot contracts. Neither broker lets you buy exchange-traded stocks on U.S. or international exchanges.
Both IronFX and FXOpen offer copy trading and cryptocurrency CFDs, but neither supports buying actual crypto. For range of investments, IronFX scores 3.5/5 stars and ranks #52 out of 63 brokers on ForexBrokers.com, while FXOpen scores 3/5 stars and ranks #63. If you want more markets and currency pairs, IronFX has the larger lineup; for basic forex and crypto CFD access, either broker can work.
| Feature |
IronFX
|
FXOpen
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 340 | 87 |
| Forex Pairs (Total) | 83 | 25 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | No |
| Copy Trading | Yes | Yes |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | 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). |
Dive deeper: Best Copy Trading Platforms.
IronFX and FXOpen both rely on the MetaTrader ecosystem rather than a proprietary platform. Each broker offers a free demo account, Windows desktop and web-based trading, copy trading, and the ability to place orders directly from charts. MetaTrader 4 (MT4) is available at both brokers, while FXOpen also supports MetaTrader 5 (MT5) and IronFX does not. The exact counts for built-in technical indicators and watchlist columns were not specified by the source, but MetaTrader covers the core tools most traders expect for charting and market monitoring.
For trading platforms and tools, FXOpen earns 4 out of 5 stars and ranks 54th out of 63 brokers at ForexBrokers.com, while IronFX is rated 3.5 out of 5 stars and ranks 62nd. If you want MT5 in addition to MT4, FXOpen has the edge. If MT4 alone fits your needs, both online brokers provide similar access with demo trading, web and desktop platforms, and copy trading features.
| Feature |
IronFX
|
FXOpen
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | No | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| Charting - Indicators / Studies (Total) | 30 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Comparing IronFX vs FXOpen for mobile trading, both brokers offer iPhone and Android apps and support price alerts, making it easy to track forex and CFDs on the go. In third‑party testing, FXOpen’s mobile apps earned 4 stars and ranked #55 out of 63 brokers at ForexBrokers.com, while IronFX received 3.5 stars and ranked #63. If you prioritize overall app polish and ratings, FXOpen edges ahead.
For charting, both apps include 30 technical studies and let you draw trendlines. IronFX stands out by automatically saving your chart drawings, whereas FXOpen does not. Neither app syncs watchlists between mobile and the web platform. If auto‑saving drawings matters for your workflow, IronFX may appeal; if you want a slightly higher‑rated mobile experience, FXOpen is the safer pick.
| Feature |
IronFX
|
FXOpen
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | No |
Dive deeper: Best Forex Trading Apps.
Both IronFX and FXOpen cover the essentials for market research. Each broker provides daily market commentary, an economic calendar, and streaming forex news from top-tier sources like Bloomberg, Reuters, and Dow Jones. Neither broker includes Autochartist tools or a sentiment indicator that shows the long/short ratio across instruments.
The key difference is that IronFX adds Trading Central research, giving traders extra technical insights that FXOpen does not offer. Reflecting this, IronFX earns 4 stars for Research and ranks 29th, while FXOpen holds 3 stars and is ranked 64th. If you want more built-in analysis tools, IronFX has the edge; if you only need core news and calendar updates, FXOpen can still do the job.
| Feature |
IronFX
|
FXOpen
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central | Yes | No |
| Client sentiment data | No | No |
| TipRanks | ||
| Acuity Trading | ||
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
IronFX vs FXOpen for beginner education: If you learn best through videos, IronFX stands out with at least ten beginner-focused trading videos that can help you grasp forex and CFD basics faster. FXOpen, by contrast, offers fewer than ten beginner videos. Neither broker hosts monthly educational webinars, and both have limited advanced video content for seasoned traders.
These differences show up in the ratings: IronFX scores 4 out of 5 stars for Education and ranks 44th out of 63 brokers at ForexBrokers.com, while FXOpen earns 3 out of 5 stars and ranks 59th out of 63. For most new traders seeking a larger set of beginner videos, IronFX is the stronger choice; if monthly webinars are important to you, neither broker will meet that need.
| Feature |
IronFX
|
FXOpen
|
|---|---|---|
| Webinars | No | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | No | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that IronFX is better than FXOpen. IronFX finished with an overall rank of #48, while FXOpen finished with an overall rank of #54.
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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FXOpen
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| Overall Rating |
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| Trust Score | 83 | 76 |
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In the IronFX vs FXOpen comparison, both online brokers do not support buying actual (delivered) cryptocurrencies, but both do offer cryptocurrency CFD trading.
IronFX vs FXOpen: neither broker supports ACH or SEPA transfers for deposits or withdrawals, and the availability of PayPal, Skrill, Visa/Mastercard, and bank wire methods is not specified in the provided information.
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 | FXOpen | |
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| Trust Score | 83 | 76 | |
| Winner | check_circle | ||
| Review |
| Broker Screenshots | IronFX | FXOpen | |
|---|---|---|---|
| Broker Gallery (click to expand) |
| Regulation | IronFX | FXOpen | |
|---|---|---|---|
| Trust Score | 83 | 76 | |
| Year Founded | 2010 | 2003 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 3 | 2 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | IronFX | FXOpen | |
|---|---|---|---|
| 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) | |||
| 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) | IronFX | FXOpen | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA, FSRA, or SCA Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | IronFX | FXOpen | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 340 | 87 | |
| Forex Pairs (Total) | 83 | 25 | |
| U.S. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | No | |
| Copy Trading | Yes | Yes | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | 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). |
| Cost | IronFX | FXOpen | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 1.2 | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Inactivity Fee | No | Yes | |
| Order execution: Agency | Yes | Yes | |
| Order execution: Market Maker | Yes | Yes |
| Funding | IronFX | FXOpen | |
|---|---|---|---|
| Minimum Deposit | $50 | $100 | |
| PayPal (Deposit/Withdraw) | |||
| Skrill (Deposit/Withdraw) | |||
| Bank Wire (Deposit/Withdraw) | |||
| Non-wire bank transfer | No | No |
| Trading Platforms | IronFX | FXOpen | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | No | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No |
| Trading Tools | IronFX | FXOpen | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | IronFX | FXOpen | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | No | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | IronFX | FXOpen | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central | Yes | No | |
| TipRanks | |||
| Client sentiment data | No | No | |
| Economic Calendar | Yes | Yes |
| Education | IronFX | FXOpen | |
|---|---|---|---|
| Webinars | No | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | No | No |
| Major Forex Pairs | IronFX | FXOpen | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review |
| Overall | IronFX | FXOpen | |
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| Trust Score | 83 | 76 | |
| Winner | check_circle | ||
| Review |
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