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 |
When comparing the commissions and fees between IronFX and FXPrimus, both brokers receive a rating of 4 out of 5 stars in this category according to ForexBrokers.com. However, the rankings show slight differences in their standing, with IronFX coming in at #46 out of 63 brokers, while FXPrimus is ranked slightly higher at #42.
IronFX offers different programs for pricing, where the Standard variable spread account features a typical spread of 1.8 pips, though these figures can fluctuate depending on the account type. Additionally, they provide a zero fixed-spread account option which initially has no spread but incurs a $18 per lot commission, with the spread generally increasing to 3 pips overnight. This indicates that IronFX's spreads might be on the higher side of the industry average, suggesting room for potential improvement in their pricing strategy.
Details about FXPrimus's specific spread averages are not readily available, making a direct comparison challenging. Nonetheless, FXPrimus's slightly better ranking indicates that its offerings could be more competitive or better valued in the market. While both brokers are rated equally in terms of stars, these nuances in their rankings and offered spreads might influence the best choice depending on an individual's trading needs and preferences.
| 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 considering online brokers for forex trading, both IronFX and FXPrimus provide opportunities to trade forex as CFDs or spot contracts. However, IronFX offers a more extensive range of tradeable symbols with 340 options, compared to FXPrimus's 140. This difference is also reflected in their forex pairs offerings, with IronFX providing access to 83 pairs, while FXPrimus offers 42. Both brokers do not offer exchange-traded securities on U.S. or international exchanges, which means investors looking to purchase actual shares like Apple or Vodafone would need to look elsewhere.
For traders interested in cryptocurrencies, both IronFX and FXPrimus allow trading cryptocurrency derivatives but not actual cryptocurrencies. Each broker supports copy trading, giving users the option to mimic the trades of experienced investors. Despite IronFX having a slight advantage in investment variety, both platforms are rated 3.5 stars for their Range of Investments. IronFX is ranked #51, while FXPrimus is positioned at #59 among 63 brokers by ForexBrokers.com, highlighting a competitive landscape for investors weighing their options.
| 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.
IronFX and FXPrimus both offer traders access to a range of trading platforms and tools, yet there are distinct differences in their offerings. Both brokers provide a free virtual demo account, allowing users to practice without financial risk. While FXPrimus boasts a proprietary platform developed in-house, IronFX does not, though both brokers support the popular MetaTrader 4 platform, and FXPrimus additionally offers MetaTrader 5. For those who prefer downloadable options, each broker supports a Windows-based desktop trading platform. The choice extends to web-based browser trading platforms, both offering this convenience. Traders interested in copy trading will find this feature available with both IronFX and FXPrimus, although neither supports DupliTrade or ZuluTrade.
Charting tools are crucial for traders, and both IronFX and FXPrimus provide 15 drawing tools, while quick trading from stock charts is a feature supported by both. Watch list customization is limited to 7 columns with each broker. Despite these similarities, FXPrimus slightly outperforms in rankings for trading platforms and tools. Rated at 4 stars, FXPrimus outranks IronFX, who holds a 3.5-star rating. As assessed by ForexBrokers.com, FXPrimus stands in the 49th position, whereas IronFX is ranked at 61 in the trading platforms and tools category among 63 brokers.
| 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 apps compatible with iPhone and Android devices. They provide useful features like price alerts and the ability to draw trendlines on stock and forex charts. Both apps also allow users to view multiple time frames on charts and automatically save these drawings. Additionally, IronFX and FXPrimus offer 30 technical studies for charting and enable the creation of watchlists with real-time quotes. However, neither app supports watchlist symbol syncing, which means changes in watchlists do not automatically sync across different devices.
Despite the similarities in features, user ratings and rankings offer a clearer contrast. FXPrimus edges out with a mobile trading app rating of 4 out of 5 stars and is ranked 48th out of 63 brokers according to ForexBrokers.com. In comparison, IronFX holds a slightly lower user rating of 3.5 stars and ranks 62nd in the same category. This suggests that while both apps provide similar functionality, user satisfaction tends to be higher with FXPrimus's app experience.
| 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.
IronFX and FXPrimus both provide daily market commentary, helping traders stay informed with the latest market trends and insights. However, IronFX stands out by offering forex news from prestigious sources such as Bloomberg and Reuters, which FXPrimus does not provide. While neither broker features tools from Autochartist, IronFX differentiates itself by offering technical analysis tools from Trading Central, a valuable resource for traders seeking in-depth market analysis, which FXPrimus lacks. Additionally, both platforms offer an economic calendar to keep users updated on significant global news events that could impact market conditions.
Despite similarities in their offerings, IronFX emerges as the stronger option for market research, earning a four-star rating compared to FXPrimus's three-star rating. This superior performance is also reflected in ForexBrokers.com's rankings, where IronFX secures the 28th position out of 63 brokers in the Research category, significantly ahead of FXPrimus, which ranks at 58. Traders seeking comprehensive market insights and analysis will likely find IronFX's research tools more advantageous for making informed trading decisions.
| 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.
IronFX and FXPrimus both provide a range of educational resources for beginners interested in forex and CFDs. IronFX offers an extensive array of educational content, with over ten articles, videos, and archived webinars focused on forex and CFDs. However, they do not host monthly educational webinars but do have a searchable archive of recorded client webinars. Furthermore, IronFX provides a collection of at least ten educational videos tailored for beginners and features an extensive investor dictionary with over 50 terms, offering a solid foundation for new traders.
Similarly, FXPrimus ensures beginners have access to a variety of educational content related to forex and CFDs through more than ten pieces of educational materials. Unlike IronFX, FXPrimus hosts at least one educational webinar each month and maintains a searchable archive of previous webinars. However, FXPrimus falls short for beginner-targeted video content, offering fewer than ten videos dedicated to newcomers and lacking an investor dictionary with 50 terms. In terms of overall educational offering, IronFX is rated 4 stars and ranks #44 out of 63 brokers on ForexBrokers.com, while FXPrimus holds a 3-star rating and ranks #51 in the same category.
| 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 63 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 | ||
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| Broker Screenshots | IronFX | FXPrimus | |
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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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