Written by ForexBrokers.com
In this head to head comparison of IronFX vs FXGT.com, 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, established in 2010, and FXGT.com, founded in 2019, are two notable players in the online brokerage arena. Neither is publicly traded or operates as a bank. When it comes to regulation, IronFX stands out with three Tier-1 licenses, indicating a highly trusted status. In contrast, FXGT.com holds one Tier-1 license, which still signifies a degree of trust. Additionally, FXGT.com also has a Tier-2 license, illustrating a broader regulatory base compared to IronFX, which does not have any Tier-2 licenses.
According to ForexBrokers.com, IronFX garners a Trust Score of 83, classifying it in the trusted bracket. FXGT.com, on the other hand, receives a Trust Score of 69, placing it in the high-risk category. This comparison underscores IronFX’s stronger position in terms of trust and regulatory compliance, given its longer presence in the market and its higher accumulation of Tier-1 licenses.
| Feature |
IronFX
|
FXGT.com
|
|---|---|---|
| Year Founded | 2010 | 2019 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 1 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 2 |
IronFX and FXGT.com both have areas for improvement when it comes to commissions and fees. IronFX charges a typical spread of 1.8 pips for its Standard variable spread account, and while this is a general guideline, the actual spreads can vary across different account types. For their zero fixed-spread account, IronFX begins the spread at zero but includes an $18 per lot commission, with spreads widening to 3 pips overnight. In comparison, FXGT.com does not offer any average spread data for transparency. When it comes to rankings, IronFX and FXGT.com are positioned at #47 and #56, respectively, out of 63 brokers in the Commissions and Fees category according to ForexBrokers.com.
In terms of ratings, IronFX garners a better score, receiving 4 out of 5 stars for its commissions and fees, while FXGT.com follows closely with a 3.5-star rating. This suggests that IronFX offers slightly more favorable conditions for traders when considering the cost of transactions. Despite both brokers having room for improvement, IronFX edges out FXGT.com in terms of both user ratings and industry rankings.
For traders, the choice between IronFX and FXGT.com may come down to the importance of each broker's fee structure in their trading strategy. Whether it's the transparency of spread costs or the specific commissions charged, potential clients must weigh these factors against their personal trading needs to determine the best fit for them. Understanding these differences can lead to more cost-effective trading and potentially maximize returns in the long run.
| Feature |
IronFX
|
FXGT.com
|
|---|---|---|
| Minimum Deposit | $50 | $5 |
| 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 | No |
| ACH or SEPA Transfers | No | Yes |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing IronFX and FXGT.com in terms of available investment options, investors will find distinct differences between the two. IronFX provides 340 tradable symbols, including 83 forex pairs, while FXGT.com offers 117 tradable symbols with 53 forex pairs. Both brokers allow forex trading as a CFD or spot contract. However, neither IronFX nor FXGT.com gives clients the opportunity to buy U.S. or international exchange-traded securities. Additionally, both platforms support copy trading and offer cryptocurrency derivatives, though neither allows the purchase of actual cryptocurrencies.
For those seeking diverse investment opportunities, IronFX might be the better choice with its broader range of tradable assets, earning a 3.5-star rating for the range of investments. In contrast, FXGT.com garners a slightly lower rating of 3 stars for the same category. Rankings by ForexBrokers.com further emphasize this difference, placing IronFX at 51st position and FXGT.com at 61st among 63 brokers for their range of investments.
| Feature |
IronFX
|
FXGT.com
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 340 | 117 |
| Forex Pairs (Total) | 83 | 53 |
| 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.
IronFX and FXGT.com both offer comprehensive options for traders seeking diverse trading platforms and tools. Both brokers provide free virtual demo accounts to allow users to practice without financial risk. While neither broker offers a proprietary platform developed in-house, they both support widely-used platforms like MetaTrader 4. However, FXGT.com has the edge with MetaTrader 5 availability, which IronFX lacks. Both brokers offer Windows-based and web-based trading platforms, along with copy trading functionalities.
For charting enthusiasts, FXGT.com offers 23 drawing tools compared to IronFX's 15, allowing for more detailed analysis. While IronFX provides seven columns for watch lists, FXGT.com falls a bit shorter with five. Traders with a preference for trading directly from stock charts will find this functionality available with both brokers. The reviews suggest a slight advantage for FXGT.com, which earned 4 stars for its trading platforms and tools, versus IronFX's rating of 3.5 stars. In rankings by ForexBrokers.com, FXGT.com is placed slightly higher at #56, while IronFX stands at #61 among 63 brokers. This indicates a general preference towards FXGT.com in terms of trading platform efficacy and tool offerings.
| Feature |
IronFX
|
FXGT.com
|
|---|---|---|
| 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 | No |
| Charting - Indicators / Studies (Total) | 30 | 37 |
| Charting - Drawing Tools (Total) | 15 | 23 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 5 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
IronFX and FXGT.com both provide comprehensive mobile trading apps for iPhone and Android users, offering essential features like stock and forex price alerts. Traders can utilize 30 technical studies in charting, draw trendlines, and view various time frames on both platforms. Both apps also support auto-saving of drawings and allow the creation of watchlists with real-time quotes. However, a notable difference is that FXGT.com offers watchlist symbol syncing, enabling seamless updates between the mobile app and an online account—a feature IronFX lacks.
When it comes to user satisfaction, both IronFX and FXGT.com receive a rating of 3.5 stars for their mobile trading apps. Despite these similarities, FXGT.com edges out IronFX with a slightly better ranking, placing 58th out of 63 brokers according to ForexBrokers.com, while IronFX ranks at 62nd. These rankings suggest that although the apps are similar, subtle differences in functionality and user experience might tip the scale in favor of FXGT.com for some traders.
| Feature |
IronFX
|
FXGT.com
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | 30 | 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.
IronFX stands out in the realm of market research with its comprehensive offerings. It provides daily market commentary and keeps traders informed with forex news from top-tier sources like Bloomberg, Reuters, and Dow Jones. Traders can also benefit from technical insights through Trading Central's analytics tools and rely on an economic calendar that highlights global news events. Such an enriched set of resources earns IronFX a commendable four-star rating for research, placing it 28th out of 63 brokers as ranked by ForexBrokers.com.
FXGT.com, while offering a sentiment-based trading tool to gauge the market's mood through long or short positions, lacks daily market commentary and top-tier news sources. It does not provide tools from companies like Autochartist or Trading Central, nor does it include research services from Acuity Trading or TipRanks. However, FXGT.com ensures traders stay updated with an economic calendar. These limitations are reflected in its three-star research rating, placing it 56th among 63 brokers in ForexBrokers.com's rankings.
| Feature |
IronFX
|
FXGT.com
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | No | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources for beginners between IronFX and FXGT.com, IronFX stands out as the more comprehensive option. IronFX offers a well-rounded selection of educational materials, including over 10 pieces focused on forex and CFDs, along with a searchable archive of recorded client webinars. Beginner traders will find value in the numerous introductory videos that break down trading topics into easy-to-understand segments. Additionally, IronFX provides an investor dictionary packed with definitions for more than 50 investing terms, which can be a great resource for learning the language of the trading world. This educational commitment has earned IronFX a 4-star rating and a #44 spot out of 63 brokers in the Education category by ForexBrokers.com.
In contrast, FXGT.com offers a more limited educational experience. While FXGT.com does provide an investor dictionary similar to IronFX, it lacks the breadth of other educational content, such as a series of beginner videos or access to recorded webinars. Despite offering fewer educational resources—scoring only 3 stars and ranking #60 in the Education category by ForexBrokers.com—FXGT.com might still be a consideration for traders prioritizing other aspects of their trading experience. However, for those new to trading and looking for a broker with extensive educational support, IronFX is the better choice.
| Feature |
IronFX
|
FXGT.com
|
|---|---|---|
| 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 FXGT.com. IronFX finished with an overall rank of #48, while FXGT.com finished with an overall rank of #58.
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
|
FXGT.com
|
|---|---|---|
| Overall Rating |
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| Trust Score | 83 | 69 |
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Neither IronFX nor FXGT.com offers the ability to buy actual delivered cryptocurrency, but both platforms provide options for trading cryptocurrency derivatives.
In comparing online brokers, IronFX does not support ACH or SEPA transfers for funding, unlike FXGT.com, which offers these options; both platforms support Visa and Mastercard transactions, while IronFX additionally provides Skrill, and both support bank wires, but neither offers 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 | IronFX | FXGT.com | |
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| Trust Score | 83 | 69 | |
| Winner | check_circle | ||
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| Broker Screenshots | IronFX | FXGT.com | |
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| Regulation | IronFX | FXGT.com | |
|---|---|---|---|
| Trust Score | 83 | 69 | |
| Year Founded | 2010 | 2019 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 3 | 1 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 2 |
| Tier-1 Licenses (Highly Trusted) | IronFX | FXGT.com | |
|---|---|---|---|
| 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) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| 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 | FXGT.com | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | IronFX | FXGT.com | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 340 | 117 | |
| Forex Pairs (Total) | 83 | 53 | |
| 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 | IronFX | FXGT.com | |
|---|---|---|---|
| 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 | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | IronFX | FXGT.com | |
|---|---|---|---|
| Minimum Deposit | $50 | $5 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | Yes |
| Trading Platforms | IronFX | FXGT.com | |
|---|---|---|---|
| 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 | No |
| Trading Tools | IronFX | FXGT.com | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 5 | |
| Charting - Indicators / Studies (Total) | 30 | 37 | |
| Charting - Drawing Tools (Total) | 15 | 23 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | IronFX | FXGT.com | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 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 | IronFX | FXGT.com | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | IronFX | FXGT.com | |
|---|---|---|---|
| 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 | FXGT.com | |
|---|---|---|---|
| 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 | FXGT.com | |
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| Trust Score | 83 | 69 | |
| Winner | check_circle | ||
| Review |
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