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 | 1.2 | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | Yes | 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.
Comparing IronFX vs FXOpen on range of investments: IronFX offers 340 tradeable symbols and 83 forex pairs, while FXOpen lists 87 symbols and 25 forex pairs. Both brokers provide forex trading, copy trading, and access to cryptocurrency derivatives, but neither lets you buy actual crypto. Also, neither broker offers exchange-traded shares on U.S. or international stock exchanges.
For range of investments, IronFX earns 3.5 stars and ranks #52 out of 63 brokers on ForexBrokers.com; FXOpen scores 3 stars and ranks #63. In short, IronFX suits traders who want a wider selection of markets, while FXOpen focuses on a leaner lineup that still covers core forex and crypto derivative exposure along with copy trading.
| Feature |
IronFX
|
FXOpen
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 340 | 87 |
| Forex Pairs (Total) | 83 | 25 |
| 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). |
Dive deeper: Best Copy Trading Platforms.
IronFX and FXOpen both make it easy to get started with a free demo (paper trading) account and each relies on third‑party platforms rather than in‑house software. You’ll find Windows desktop and web‑based trading on both brokers, plus MetaTrader 4 (MT4), trading directly from charts, 15 drawing tools, and watch lists with 7 columns. FXOpen goes a step further with MetaTrader 5 (MT5) and ZuluTrade for copy trading, while IronFX does not offer MT5 or ZuluTrade. Neither broker supports DupliTrade. For charting, both provide the familiar indicator and tool sets available within MetaTrader.
For Trading Platforms and Tools, IronFX is rated 3.5 out of 5 stars and ranked #62 of 63 brokers by ForexBrokers.com, while FXOpen scores 4 out of 5 stars and ranks #54. In short, both cover the essentials, but FXOpen’s MT5 availability and ZuluTrade support give it a slight edge for traders seeking broader platform choice and copy trading options.
| Feature |
IronFX
|
FXOpen
|
|---|---|---|
| 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 | Yes |
| Charting - Indicators / Studies (Total) | 30 | 30 |
| Charting - Drawing Tools (Total) | 15 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Comparing the IronFX mobile app vs the FXOpen mobile app, both are available on iPhone and Android and support price alerts, custom watchlists with real-time quotes, and charting with 30 technical studies. Each app lets you draw trendlines and switch between multiple time frames, such as intraday, daily, and weekly. One limitation they share is that watchlist symbols don’t sync between the mobile app and your online account.
The main difference is chart annotations: IronFX auto-saves your drawings, while FXOpen does not. In third-party reviews, FXOpen holds a slight edge with a 4.0/5 rating and a #55 ranking out of 63 brokers for Mobile Trading Apps at ForexBrokers.com. IronFX is rated 3.5/5 and ranked #63. If saving chart markups matters most, IronFX has an advantage; if you prefer higher review scores, FXOpen is the stronger pick.
| Feature |
IronFX
|
FXOpen
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | Yes |
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 | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | No | No |
| TipRanks | ||
| Signal Centre (Acuity Trading) | ||
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginners comparing forex and CFD education, IronFX offers a more complete learning path than FXOpen. IronFX provides at least 10 educational pieces plus a library of 10+ beginner-friendly trading videos, and it hosts a searchable archive of recorded client webinars. It does not run monthly live webinars and doesn’t have 10+ advanced videos, but it does include an investor dictionary with 50+ terms. By contrast, FXOpen does not meet the 10-piece education threshold, does not offer monthly webinars or a webinar archive, and lacks 10+ beginner or advanced video collections; however, it does provide an investor dictionary with 50+ entries.
These differences show up in the ratings: IronFX earns 4 stars for Education and ranks #44 out of 63 brokers on ForexBrokers.com, while FXOpen earns 3 stars and ranks #59. If you’re new to trading and want structured self-study materials, IronFX’s videos and archived webinars may suit you better, whereas FXOpen’s educational content is leaner and mainly focuses on its glossary.
| Feature |
IronFX
|
FXOpen
|
|---|---|---|
| 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 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
|
FXOpen
|
|---|---|---|
| Overall Rating |
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| Trust Score | 83 | 76 |
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Both IronFX and FXOpen provide traders with the opportunity to trade cryptocurrency derivatives, but neither platform offers the option to purchase actual (delivered) cryptocurrencies.
Both IronFX and FXOpen lack ACH and SEPA transfer options and do not support PayPal for funding accounts, but they both provide Skrill, Visa, Mastercard, and bank wire options for deposits and withdrawals.
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 | ||
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| 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/Central Bank 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. 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). |
| Cost | IronFX | FXOpen | |
|---|---|---|---|
| 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 | Yes | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | IronFX | FXOpen | |
|---|---|---|---|
| Minimum Deposit | $50 | $100 | |
| 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 | IronFX | FXOpen | |
|---|---|---|---|
| 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 | Yes |
| Trading Tools | IronFX | FXOpen | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| Charting - Drawing Tools (Total) | 15 | 15 | |
| 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 Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | IronFX | FXOpen | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | |||
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | IronFX | FXOpen | |
|---|---|---|---|
| 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 | FXOpen | |
|---|---|---|---|
| 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 | FXOpen | |
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| Trust Score | 83 | 76 | |
| Winner | check_circle | ||
| Review |
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