Written by ForexBrokers.com
In this head to head comparison of IronFX vs FXPrimus, 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 FXPrimus are two online brokers that offer a platform for trading but come with different levels of regulatory trust according to ForexBrokers.com. Founded in 2010, IronFX holds three Tier-1 licenses, placing it in the 'trusted' category with a Trust Score of 83 out of 99. Although IronFX is not publicly traded or a bank, its regulatory standing provides a certain level of confidence for potential investors.
On the other hand, FXPrimus, founded a year earlier in 2009, holds one Tier-1 license, which gives it an 'average risk' classification with a Trust Score of 71. Like IronFX, FXPrimus is neither publicly traded nor a banking institution. While both firms offer trading services, IronFX's higher number of Tier-1 licenses and better Trust Score might offer added peace of mind for those focused on licensing credentials.
| Feature |
IronFX
|
FXPrimus
|
|---|---|---|
| Year Founded | 2010 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 1 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
IronFX's commission and fee structure shows potential for improvement, as its spreads tend to be on the higher side compared to industry standards. The broker offers a typical spread of 1.8 pips for its Standard variable spread account, although the spread can fluctuate depending on the account type. For those opting for the zero fixed-spread account, initial spreads start at zero but come with an $18 commission per lot, with spreads increasing to 3 pips overnight.
In contrast, FXPrimus does not provide average spread data, making it challenging to compare directly with IronFX. While specific figures are elusive, both brokers share a four-star rating for commissions and fees, suggesting they perform similarly in this regard despite the limited data on FXPrimus.
When ranked among 62 brokers by ForexBrokers.com for their commissions and fees offerings, IronFX holds the 47th position, while FXPrimus ranks slightly better at 42nd. These rankings highlight subtle differences in how each broker is perceived based on their pricing and fee structures, amidst a competitive field.
| Feature |
IronFX
|
FXPrimus
|
|---|---|---|
| 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 | No |
| 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.
When comparing IronFX and FXPrimus in terms of their range of investments, both online brokers provide options for forex trading as either Contracts for Difference (CFDs) or spot contracts. IronFX stands out with 340 tradeable symbols, including 83 forex pairs, surpassing FXPrimus, which offers 140 tradeable symbols and 42 forex pairs. Both platforms do not provide the option of purchasing exchange-traded securities from U.S. or international markets. They do, however, support copy trading, giving users the opportunity to mirror the trades of successful investors. Additionally, both brokers provide derivatives based on cryptocurrencies but do not offer the actual purchase and delivery of cryptocurrencies themselves.
Despite their offerings, IronFX and FXPrimus have been rated 3.5 stars each for their range of investments. In rankings by ForexBrokers.com, IronFX takes the 51st spot, while FXPrimus is positioned slightly lower at 59th out of 62 brokers evaluated. These ratings suggest that while both brokers offer a variety of investment options, customers looking for a more expansive selection might explore other alternatives. Nonetheless, both platforms give clients a solid foundation for forex and cryptocurrency derivatives trading.
| Feature |
IronFX
|
FXPrimus
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 340 | 140 |
| Forex Pairs (Total) | 83 | 42 |
| 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.
When comparing the trading platforms and tools offered by IronFX and FXPrimus, both brokers provide a range of features to support online traders. Each offers virtual demo accounts, allowing newcomers to practice without financial risk. Both platforms are accessible across multiple interfaces, including Windows desktop downloads and web-based options. IronFX relies exclusively on industry-standard platforms like MetaTrader 4, while FXPrimus enhances their offerings with the addition of MetaTrader 5 and a proprietary platform developed in-house, providing traders with varied software choices to suit their preferences.
Both brokers support copy trading, enabling users to mimic successful trades of experienced investors. When it comes to charting, users can utilize 15 drawing tools and the capability to trade directly from stock charts with either broker. Watch lists come equipped with seven columns to track asset performance. However, where these brokers diverge is in their overall ratings: IronFX earns a 3.5-star rating for its tools, ranking 60th among 62 brokers, while FXPrimus secures a slightly higher rating of 4 stars and stands at 49th place, indicating a stronger endorsement from ForexBrokers.com.
| Feature |
IronFX
|
FXPrimus
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | Yes |
| 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 | 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.
When comparing the mobile trading apps of IronFX and FXPrimus, both brokers offer solid functionality on both iPhone and Android devices. Users of each platform can set price alerts for stocks and forex, ensuring that they remain updated with market shifts. Both apps feature 30 technical studies for charting and allow traders to draw trendlines on charts. Additionally, each app offers multiple time frames for viewing stock or forex charts and enables users to create a watchlist with real-time quotes. Unfortunately, neither broker has a feature for syncing watchlists between their mobile app and online account, which could be a consideration for traders seeking seamless connectivity across devices.
Despite these similarities, FXPrimus edges out IronFX in terms of user rating and industry ranking. FXPrimus's mobile app garners a 4-star rating, significantly ahead of IronFX's 3.5-star score. Among 62 brokers assessed by ForexBrokers.com, FXPrimus ranks at number 48, while IronFX lags considerably at 61. This suggests that while both apps offer comparable core features, FXPrimus may deliver a slightly better user experience, making it a more favorable choice for traders who prioritize mobile performance.
| Feature |
IronFX
|
FXPrimus
|
|---|---|---|
| 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 | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing the market research offerings of IronFX and FXPrimus, both brokers provide daily market commentary, helping traders stay updated with market trends. IronFX stands out by offering forex news from esteemed sources like Bloomberg and Reuters, while FXPrimus lacks this feature. Furthermore, IronFX offers superior technical analysis tools through Trading Central, enhancing its appeal to traders interested in in-depth technical insights, a facility that FXPrimus does not provide. Both brokers include an economic calendar that lists current and future global economic events, which is essential for traders keeping an eye on market-moving news.
Neither broker offers tools from Autochartist, TipRanks, Acuity Trading, or sentiment-based trading tools. However, when it comes to research excellence, IronFX is rated higher with 4 stars compared to FXPrimus's 3 stars. IronFX's ranking is also more favorable, positioned at #28 out of 62 brokers in the ForexBrokers.com Research category, whereas FXPrimus sits lower at #58. This suggests IronFX might be a better choice for traders prioritizing comprehensive research and analysis tools in their online brokerage experience.
| Feature |
IronFX
|
FXPrimus
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | No | No |
| 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 available for beginners between IronFX and FXPrimus, both brokers provide more than ten educational pieces focused on forex and CFDs, including articles and videos. However, while FXPrimus takes the lead in offering live monthly educational webinars, a significant advantage for those preferring real-time interaction, IronFX compensates with a ready-to-access archive of previous webinars, allowing for flexible learning at your convenience. Furthermore, IronFX sets itself apart by providing over ten beginner-focused educational videos, catering to new traders stepping into the trading world, whereas FXPrimus lacks this offering.
IronFX enhances its educational suite with a comprehensive investor dictionary, comprising definitions for over fifty investing terms, which can be a valuable resource for understanding complex trading language. This feature is absent in FXPrimus's offerings. Still, despite varying strengths, IronFX claims a higher educational rating of four stars versus FXPrimus's three stars. Ranked #44 out of 62 brokers by ForexBrokers.com, IronFX stands ahead of FXPrimus, which is placed at #51, reflecting its more favorable standing in the Education category. Overall, each platform hosts unique strengths, but IronFX provides a slightly broader foundation for beginners to build their forex and CFD trading knowledge.
| Feature |
IronFX
|
FXPrimus
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | Yes |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | No | No |
| Investor Dictionary (Glossary) | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that IronFX is better than FXPrimus. IronFX finished with an overall rank of #48, while FXPrimus finished with an overall rank of #53.
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
|
FXPrimus
|
|---|---|---|
| Overall Rating |
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| Trust Score | 83 | 71 |
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Both IronFX and FXPrimus provide options to trade cryptocurrency derivatives but do not offer the ability to purchase actual (delivered) cryptocurrencies.
Both IronFX and FXPrimus provide similar methods for depositing and withdrawing funds, offering Skrill, Visa, Mastercard, and bank wire options, but neither supports ACH, SEPA, or PayPal transactions.
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 | FXPrimus | |
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| Trust Score | 83 | 71 | |
| Winner | check_circle | ||
| Review |
| Broker Screenshots | IronFX | FXPrimus | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) | |||
| Mobile Trading Gallery (click to expand) | |||
| Research Gallery (click to expand) | |||
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| Regulation | IronFX | FXPrimus | |
|---|---|---|---|
| Trust Score | 83 | 71 | |
| Year Founded | 2010 | 2009 | |
| 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 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | IronFX | FXPrimus | |
|---|---|---|---|
| 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 | FXPrimus | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| 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) | No | No |
| Investments | IronFX | FXPrimus | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 340 | 140 | |
| Forex Pairs (Total) | 83 | 42 | |
| 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 | FXPrimus | |
|---|---|---|---|
| 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 | FXPrimus | |
|---|---|---|---|
| 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 | FXPrimus | |
|---|---|---|---|
| Proprietary Platform | No | Yes | |
| 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 | Yes | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | IronFX | FXPrimus | |
|---|---|---|---|
| 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 | FXPrimus | |
|---|---|---|---|
| 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 | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | IronFX | FXPrimus | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | IronFX | FXPrimus | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | Yes | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | IronFX | FXPrimus | |
|---|---|---|---|
| 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 | FXPrimus | |
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| Trust Score | 83 | 71 | |
| Winner | check_circle | ||
| Review |
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