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 |
When comparing online brokers FxPro and IronFX in terms of commissions and fees, each has its own pricing model and platform benefits. FxPro has a higher pricing structure that places it at a disadvantage against peers like Pepperstone or IC Markets. On the plus side, FxPro offers traders flexibility in choosing either variable or fixed spreads on its MT4 platform, with options between instant execution, which avoids slippage, and market execution, which may involve slippage. Notably, its cTrader platform offers some of the most competitive spreads at an effective rate of 1.27 pips for trading the EUR/USD pair. FxPro’s Active Trader program further offers discounts of up to 30%, even though it is less competitive compared to similar programs by top brokers.
IronFX, while sharing the same four-star rating for commissions and fees as FxPro, shows a need for improvement in its pricing strategies. The broker's spreads often exceed the industry average, with a typical example being a 1.8 pips spread for the standard variable spread account. IronFX offers a zero fixed-spread account option that begins at zero but applies an $18 per lot commission, and overnight, spreads can widen up to 3 pips. This inconsistent pricing approach may deter traders seeking lower costs.
According to ForexBrokers.com, FxPro holds a ranking of #32 out of 63 brokers for its commissions and fees, while IronFX is positioned at #46. This ranking reflects the nuances in pricing structures, wherein FxPro’s varied platforms and execution methods offer more competitive rates, albeit not leading the pack. IronFX’s higher-than-average spreads contribute to its lower ranking, indicating room for enhancement in their fee structures.
| 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 comparing online brokers FxPro and IronFX in terms of their range of investments, several key differences emerge. FxPro offers an impressive array of 2,249 tradeable symbols, significantly outpacing IronFX's 340 symbols. Both brokers provide access to over-the-counter forex trading as CFDs or spot contracts, with FxPro offering 70 forex pairs and IronFX slightly ahead with 83 pairs. While neither broker allows clients to buy U.S. exchange-traded securities directly, FxPro does enable the purchase of shares on international exchanges, unlike IronFX. Additionally, both brokers support cryptocurrency derivatives, although they do not offer the delivery of actual cryptocurrencies.
FxPro outshines IronFX in the overall range of investments, receiving a 4-star rating compared to IronFX's 3.5-star rating from ForexBrokers.com. FxPro's superior offering is reflected in its #28 ranking among 63 brokers for the range of investments, while IronFX ranks at #51. Both platforms do offer copy trading, providing additional strategies for traders to consider. Overall, FxPro presents a more diversified investment landscape, particularly for those interested in international markets and varied asset classes.
| 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 choosing between FxPro and IronFX for your trading needs, both brokers offer key features like simulated trading through free virtual demo accounts, and popular MetaTrader 4 (MT4) platforms. FxPro has an edge with its proprietary platform developed in-house, as well as support for MetaTrader 5 (MT5), which IronFX does not offer. Both brokers provide comprehensive trading experiences with Windows-based desktop platforms and web-based platforms accessible via browsers. Furthermore, both FxPro and IronFX facilitate social trading through copy trading, although they do not support specific third-party services like DupliTrade or ZuluTrade.
FxPro stands out in technical analysis capabilities with 25 drawing tools for charting compared to IronFX's 15. Both brokers allow trading directly from stock charts, but FxPro garners a higher rating with 4 out of 5 stars for its trading platforms and tools, compared to IronFX's 3.5 stars. In terms of customization, IronFX offers more columns for watch lists, providing seven fields against FxPro's six. Ratings from ForexBrokers.com rank FxPro at #17 out of 63 brokers, showcasing a stronger platform and tools offering compared to IronFX, which sits at #61.
| 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.
When comparing the mobile trading apps of FxPro and IronFX, both brokers support iPhone and Android devices, providing essential features such as price alerts and the ability to draw trendlines on stock or forex charts. Both offer a variety of time frames, from daily to intraday views, and ensure that drawings on charts are automatically saved. While each app allows users to set up watchlists with real-time quotes, a key distinction lies in the watchlist symbol syncing. FxPro offers seamless syncing between the mobile app and online accounts, making it easier for users to manage their watchlists across platforms, whereas IronFX lacks this syncing feature.
Charting tools are another area where FxPro stands out, boasting 65 technical studies compared to IronFX's 30. This broader range of studies offers users more options for conducting detailed analysis. In terms of ratings, FxPro's app shines with a 4.5-star rating for mobile trading apps, ranking it 15th out of 63 brokers according to ForexBrokers.com. In contrast, IronFX's app holds a 3.5-star rating, placing it much lower at 62nd. For traders seeking more advanced features and seamless integration, FxPro's mobile app appears to offer a more comprehensive and user-friendly experience.
| 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.
Both FxPro and IronFX provide traders with daily market commentary and forex news from leading sources like Bloomberg and Reuters, helping to keep you informed with the latest market movements. Both brokers also incorporate Trading Central’s analysis tools, which can be beneficial for understanding technical analytics. However, when it comes to sentiment-based trading tools, FxPro takes a step ahead by offering insights into long and short positions across currency pairs—something IronFX does not provide. Neither broker partners with Autochartist, Acuity Trading, or TipRanks for additional research tools.
FxPro and IronFX both offer economic calendars to help traders track current and upcoming global events that may affect trading decisions. Both brokers are rated four out of five stars for research and are closely ranked by ForexBrokers.com, with FxPro at #26 and IronFX at #28 out of 63 brokers. This close ranking underscores their similar offerings in market research, yet FxPro's sentiment tools provide a slight edge for traders interested in gauging market emotions.
| 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.
When it comes to educational resources for beginners, both FxPro and IronFX offer a selection suitable for those interested in forex and CFDs. Each platform provides a minimum of 10 educational pieces, such as articles and videos on these topics. However, neither of them hosts regular live webinars for clientele. They do compensate for this by offering a searchable archive of previously recorded webinars, which can be a substantial help for self-paced learning. Both brokers also cater to those just starting out with at least 10 beginner-level videos that break down trading concepts in accessible terms.
In terms of depth, neither FxPro nor IronFX provides extensive advanced video content for more experienced traders. That said, they both have an investor dictionary containing definitions of over 50 investing terms, a great tool for building foundational knowledge. While FxPro and IronFX earn an equal 4-star rating for education, there is a notable difference in their rankings by ForexBrokers.com. FxPro stands at 18th place compared to IronFX at 44th, suggesting a slightly more favorable recognition for FxPro’s educational resources overall.
| 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 63 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 |
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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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