Written by ForexBrokers.com
In this head to head comparison of FxPro vs IronFX, 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.
FxPro and IronFX are both prominent players in the online brokerage space, each offering unique advantages. Founded in 2006, FxPro has established itself as a strong contender with a Trust Score of 93 out of 99, indicating it is highly trusted by ForexBrokers.com. It holds 2 Tier-1 licenses—deemed highly reliable—and 1 Tier-2 license, demonstrating a firm regulatory foundation. Additionally, FxPro is also a bank, offering customers a level of financial assurance typically associated with banking institutions.
IronFX, founded in 2010, holds a Trust Score of 83, marking it as a trusted broker. Despite not being a bank, it compensates with 3 Tier-1 licenses, indicating a significant level of regulatory credibility. Unlike FxPro, IronFX does not hold any Tier-2 licenses. Although neither broker is publicly traded, both FxPro and IronFX provide a choice for traders seeking brokers with strong regulatory oversight, with FxPro slightly ahead in terms of overall trust and regulatory licenses.
| Feature |
FxPro
|
IronFX
|
|---|---|---|
| Year Founded | 2006 | 2010 |
| Publicly Traded (Listed) | No | No |
| Bank | Yes | No |
| Tier-1 Licenses | 2 | 3 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 1 |
FxPro and IronFX provide distinct approaches to commissions and fees, each with their own set of advantages and limitations. FxPro offers traders both variable and fixed spreads on their MT4 platform, with variable spreads available through instant or market execution methods. Their most competitive rates are found on the cTrader platform, where they follow a commission-based pricing model offering an effective spread of approximately 1.27 pips for the EUR/USD pair. While FxPro provides an Active Trader program with discounts up to 30%, its pricing still tends to be higher than industry averages, scoring it a 4-star rating and ranking it 32 out of 62 brokers in the Commissions and Fees category according to ForexBrokers.com.
On the other hand, IronFX focuses on variable and zero fixed-spread accounts, albeit with some limitations. Their Standard account lists typical spreads of 1.8 pips, although the spread can vary depending on the account type. With a zero fixed-spread account, spreads start at zero but require a $18 per lot commission and can widen to 3 pips overnight. While their pricing framework leaves room for improvement, IronFX also earns a 4-star rating, though it ranks lower than FxPro at 47 out of 62 brokers in commissions and fees by ForexBrokers.com.
When evaluating both brokers, traders should be mindful of FxPro’s somewhat higher pricing, which is countered by competitive rates on the cTrader platform, against IronFX's straightforward yet potentially more expensive zero fixed-spread account model. Understanding these subtle differences can aid in selecting the most cost-effective broker for your trading strategies.
| Feature |
FxPro
|
IronFX
|
|---|---|---|
| Minimum Deposit | $100 | $50 |
| Average Spread EUR/USD - Standard | 1.51 | 1.2 |
| All-in Cost EUR/USD - Active | 1.27 | N/A |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | 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 evaluating FxPro and IronFX for their range of investment options, both online brokers provide traders with forex trading through CFDs or spot contracts. FxPro offers a significant advantage with 2,249 tradeable symbols, far surpassing IronFX’s 340. Although IronFX hosts more tradeable forex pairs, with 83 compared to FxPro’s 70, FxPro stands out by offering international exchange-traded securities, giving clients the ability to invest in well-known companies like Vodafone. Neither platform provides access to U.S. exchange-traded securities or the option to purchase actual cryptocurrencies, but both brokers allow trading in cryptocurrency derivatives.
Additionally, both FxPro and IronFX integrate copy trading features, enhancing the versatility of trading strategies. In terms of ratings, FxPro receives a solid four stars for its range of investments, while IronFX earns 3.5 stars. For perspective, FxPro ranks 28th out of 62 brokers in this category, while IronFX lands at 51st, underscoring FxPro’s broader investment offerings and higher appeal among the trading community.
| Feature |
FxPro
|
IronFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 2249 | 340 |
| Forex Pairs (Total) | 70 | 83 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | Yes | 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 of FxPro and IronFX, both brokers provide simulated trading options through free virtual demo accounts, allowing users to practice their strategies without risk. FxPro stands out with its proprietary platform developed in-house, giving it a unique edge over IronFX, which does not offer a similar feature. Both brokers offer Windows-based desktop platforms and web-based trading platforms, ensuring accessibility across devices. FxPro and IronFX also support the popular MetaTrader 4 (MT4), but only FxPro extends its offerings to MetaTrader 5 (MT5), providing more options for traders seeking advanced features.
For those interested in charting, FxPro surpasses IronFX with 25 drawing tools compared to 15, offering traders more ways to analyze market trends. Although both brokers allow trading directly from stock charts, FxPro provides six columns for watch lists compared to IronFX's seven. Despite IronFX’s slightly higher watch list customization, FxPro receives a four-star rating for its trading platforms and tools, while IronFX is rated at three and a half stars. According to ForexBrokers.com, FxPro ranks significantly higher, coming in at 17th out of 62 brokers for trading platforms and tools, whereas IronFX is positioned at 60th. This distinction highlights FxPro's edge in delivering a comprehensive trading experience.
| Feature |
FxPro
|
IronFX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 53 | 30 |
| Charting - Drawing Tools (Total) | 25 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 6 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
FxPro and IronFX both provide mobile trading apps available for iPhone and Android, ensuring that users can trade on the go regardless of their device. Each app supports key trading features such as stock and forex price alerts, trendlines on charts, multiple time frame views, and the ability to create watchlists with real-time quotes. However, FxPro stands apart with its more advanced features, including watchlist symbol syncing that allows watchlists to seamlessly sync across platforms, eliminating the hassle of manual updates. FxPro also offers 65 technical studies for charting, which is over double the 30 studies provided by IronFX, catering to traders looking for more in-depth analysis tools.
Additionally, FxPro's mobile app has received a higher user rating of 4.5 out of 5 stars compared to IronFX’s 3.5 stars, indicating a greater level of user satisfaction. In terms of industry recognition, FxPro is ranked #15 among 62 brokers for its mobile trading app according to ForexBrokers.com, while IronFX trails significantly at #61. This demonstrates a stronger overall performance and trustworthiness for those choosing FxPro as their mobile trading platform.
| Feature |
FxPro
|
IronFX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 65 | 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 FxPro and IronFX, both brokers provide essential tools to keep traders informed and up-to-date. They each offer daily market commentary and access to forex news from top-tier sources such as Bloomberg and Reuters, allowing traders to stay abreast of the latest developments in the forex market. Both brokers also integrate technical analysis tools from Trading Central, but neither offers resources from Autochartist or Acuity Trading, nor do they provide market research from TipRanks.
Though FxPro and IronFX share similarities in their research features, a key difference is FxPro's sentiment-based trading tool, which gives insight into the long or short positions across currency pairs, a feature not available with IronFX. Both brokers offer an economic calendar to help traders track significant global news events. Rated 4 out of 5 stars for research by ForexBrokers.com, FxPro is ranked #26 out of 62 brokers, edging out IronFX, which is ranked #28 yet holds the same star rating.
| Feature |
FxPro
|
IronFX
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
FxPro and IronFX are both popular online brokers that offer education to help beginners get started in trading forex or CFDs. Both brokers provide a collection of over 10 educational pieces such as articles, videos, and archived webinars, focusing on forex and CFD education. However, neither FxPro nor IronFX conducts regular online educational webinars for clients on a monthly basis. Still, each broker offers a searchable archive filled with previously recorded webinars, allowing users to learn at their own pace.
When it comes to beginner-specific resources, both FxPro and IronFX provide more than 10 educational videos tailored for new traders. However, neither broker offers an extensive selection of advanced videos for experienced traders. For those looking for a comprehensive understanding, both platforms include an investor dictionary with definitions of more than 50 common investing terms. While both brokers receive a respectable 4-star rating for their educational offerings, FxPro ranks higher at #18 compared to IronFX at #44 out of 62 brokers as per ForexBrokers.com, possibly indicating a slight edge in the quality or accessibility of its educational materials.
| Feature |
FxPro
|
IronFX
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | No |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that FxPro is better than IronFX. FxPro finished with an overall rank of #21, while IronFX finished with an overall rank of #48.
FxPro competes among the top MetaTrader brokers, featuring multiple account options and various execution methods. It provides its own proprietary FxPro Edge app – though it isn’t yet available for mobile – alongside access to the BnkPro app (which isn’t yet available in all regions).
| Feature |
FxPro
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IronFX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 93 | 83 |
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Both FxPro and IronFX do not provide the option to purchase actual delivered cryptocurrency, but they do offer the ability to buy cryptocurrency derivatives.
FxPro stands out from IronFX by offering a wider range of deposit and withdrawal options, including ACH or SEPA transfers and PayPal, alongside shared options like Skrill, Visa, Mastercard, and bank wires.
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 | FxPro | IronFX | |
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| Trust Score | 93 | 83 | |
| Winner | check_circle | ||
| Review | FxPro Review |
| Broker Screenshots | FxPro | IronFX | |
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| Regulation | FxPro | IronFX | |
|---|---|---|---|
| Trust Score | 93 | 83 | |
| Year Founded | 2006 | 2010 | |
| Publicly Traded (Listed) | No | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 3 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 1 |
| Tier-1 Licenses (Highly Trusted) | FxPro | IronFX | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | Yes | |
| 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 | 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) | FxPro | IronFX | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | FxPro | IronFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 2249 | 340 | |
| Forex Pairs (Total) | 70 | 83 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | Yes | 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 | FxPro | IronFX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.51 | 1.2 | |
| All-in Cost EUR/USD - Active | 1.27 | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | FxPro | IronFX | |
|---|---|---|---|
| Minimum Deposit | $100 | $50 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | FxPro | IronFX | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | Yes | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | FxPro | IronFX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 7 | |
| Charting - Indicators / Studies (Total) | 53 | 30 | |
| Charting - Drawing Tools (Total) | 25 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FxPro | IronFX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 65 | 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 | FxPro | IronFX | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | FxPro | IronFX | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | FxPro | IronFX | |
|---|---|---|---|
| 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 | FxPro Review |
| Overall | FxPro | IronFX | |
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| Trust Score | 93 | 83 | |
| Winner | check_circle | ||
| Review | FxPro Review |
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