Written by ForexBrokers.com
In this head to head comparison of IronFX vs iFOREX, 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, founded in 2010, and iFOREX, established in 1996, are both online brokers that strive to provide secure trading experiences without being listed on a stock exchange or functioning as banks. Evaluating their credibility, IronFX possesses three Tier-1 licenses which suggest a high level of regulatory reliability. This compares favorably to iFOREX, which holds one Tier-1 license, implying a somewhat lower level of trust. Neither broker currently holds Tier-2 licenses, often categorized as trusted by regulatory standards.
In terms of overall trustworthiness as rated by ForexBrokers.com, IronFX receives a Trust Score of 83, classifying it as trusted. On the other hand, iFOREX earns a score of 75, placing it at an average risk level according to the same evaluation. These scores reflect considerations of licensing and other factors, affecting the perceived security and reliability of the brokers for potential investors.
| Feature |
IronFX
|
iFOREX
|
|---|---|---|
| Year Founded | 2010 | 1996 |
| 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 |
Comparing commissions and fees for IronFX vs iFOREX: IronFX is rated 4 out of 5 stars and ranks #47 out of 63 brokers for Commissions and Fees (ForexBrokers.com). iFOREX is rated 3 out of 5 stars and ranks #62 out of 63. Based on these scores, IronFX comes out ahead on pricing, though neither is among the lowest-cost brokers in this list.
IronFX’s pricing has room to improve, as spreads appeared higher than the industry average. The broker lists a typical spread of 1.8 pips for its Standard variable account (no date range provided), and pricing varies by account type. Its zero fixed-spread account can start from 0 spread, but it carries an $18 per lot commission, and spreads are widened to 3 pips overnight.
For iFOREX, average spread data isn’t available, which makes an apples-to-apples cost comparison difficult. The 3/5 star rating and #62/63 ranking for Commissions and Fees signal weaker pricing and transparency than IronFX, which holds 4/5 stars and a #47/63 ranking.
| Feature |
IronFX
|
iFOREX
|
|---|---|---|
| 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 | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Comparing IronFX vs iFOREX for range of investments: both brokers support forex trading via CFDs/spot contracts. Neither offers direct stock trading on U.S. or international exchanges, and both provide crypto derivatives rather than actual coins. iFOREX lists 750 tradeable instruments and 88 forex pairs, giving it a broader catalog than IronFX, which offers 340 instruments and 83 pairs.
Feature-wise, IronFX supports copy trading while iFOREX does not. Both earn 3.5/5 stars for Range of Investments from ForexBrokers.com, yet iFOREX ranks #42 of 63 brokers versus IronFX at #52 of 63—likely due to its larger symbol list. Pick iFOREX if you want more markets and pairs, or IronFX if built-in copy trading is a priority.
| Feature |
IronFX
|
iFOREX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 340 | 750 |
| Forex Pairs (Total) | 83 | 88 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | No |
| 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.
Comparing IronFX vs iFOREX for trading platforms and tools: IronFX offers a free demo account for paper trading, while iFOREX does not. IronFX supports a Windows desktop platform and the popular MetaTrader 4 (MT4), but it doesn’t have its own in‑house platform. iFOREX is the opposite: it provides a proprietary web platform but no Windows desktop download and no MT4. Both brokers have web-based trading and let you place trades directly from charts. Copy trading is available at IronFX but not at iFOREX. Neither broker supports MT5, ZuluTrade, or DupliTrade.
For charting and layout, IronFX lists 15 drawing tools versus 25 at iFOREX; indicator totals aren’t specified here. Watchlists offer 7 columns at IronFX and 9 at iFOREX. In ForexBrokers.com’s Trading Platforms and Tools category, IronFX is rated 3.5/5 stars and ranked #62 of 63, while iFOREX is rated 4/5 stars and ranked #55 of 63. If you want a demo account, MT4, and copy trading, IronFX fits better; if you prefer a broker’s own web platform with more drawing tools and watchlist fields, iFOREX is the pick.
| Feature |
IronFX
|
iFOREX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | No |
| Proprietary Platform | No | Yes |
| Desktop Platform (Windows) | Yes | No |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | No | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 57 |
| Charting - Drawing Tools (Total) | 15 | 25 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 9 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
IronFX and iFOREX both offer iPhone and Android apps, but their mobile features differ a lot. IronFX caters to traders who want more in-app tools: price alerts, 30 technical studies, the ability to draw trendlines, multiple time frames, auto‑saved drawings, and the option to build watchlists with real-time quotes. Neither broker syncs watchlists between mobile and web. By comparison, iFOREX does not provide price alerts, does not list a count of technical studies, and lacks trendline drawing, multiple time frames, auto‑save for drawings, and real-time quote watchlists.
Despite offering fewer features, iFOREX holds the higher mobile rating at 4 out of 5 stars and ranks 56th out of 63 brokers for Mobile Trading Apps. IronFX is rated 3.5 out of 5 stars and ranks 63rd out of 63. If you prioritize in-app charting and alerts, IronFX stands out; if you prefer an app with a higher overall rating, iFOREX may be the pick.
| Feature |
IronFX
|
iFOREX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | No |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | N/A |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Multiple Time Frames | Yes | No |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | No |
Dive deeper: Best Forex Trading Apps.
For market research, both IronFX and iFOREX deliver daily market commentary, an economic calendar, and Trading Central tools for technical and fundamental insights. The key difference is news and sentiment: IronFX includes forex news from top-tier sources such as Bloomberg, Reuters, and Dow Jones, while iFOREX does not. On the other hand, iFOREX offers a sentiment tool that shows the ratio of long vs. short positions, which IronFX lacks. Neither broker provides Autochartist.
When it comes to independent ratings, IronFX earns 4 stars and ranks #29 out of 63 brokers for Research, while iFOREX holds 3.5 stars and ranks #49. Choose IronFX if you want premium news coverage alongside Trading Central. Pick iFOREX if a built-in sentiment readout is a priority for your trading decisions.
| Feature |
IronFX
|
iFOREX
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | No | Yes |
| TipRanks | ||
| Signal Centre (Acuity Trading) | ||
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, IronFX stands out by offering a comprehensive collection of materials. They provide more than ten educational pieces focused on forex or CFDs, ensuring that newcomers have access to a wealth of written and video content. Additionally, IronFX features a searchable archive of previously recorded webinars and a handy investor dictionary containing over 50 investing terms to help solidify foundational knowledge. Beginner traders can benefit from over ten educational videos specifically designed to introduce them to trading concepts. Despite their overall strong offerings, IronFX does not offer advanced educational videos or monthly live webinars for ongoing learning.
On the other hand, iFOREX presents a more limited educational experience for beginners. While they do offer at least ten educational videos tailored for new traders, they fall short in other areas compared to IronFX. iFOREX doesn't provide a selection of articles or archived webinars centered on forex or CFDs education, nor do they offer a comprehensive investor dictionary or live monthly webinars. Consequently, iFOREX's educational content is somewhat lacking, resulting in a lower education rating compared to IronFX. When ranked among 63 brokers for educational offerings, IronFX takes the 44th spot, while iFOREX is positioned at 53rd, reflecting their respective strengths and weaknesses in this field.
| Feature |
IronFX
|
iFOREX
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| 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 iFOREX. IronFX finished with an overall rank of #48, while iFOREX finished with an overall rank of #52.
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
|
iFOREX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 83 | 75 |
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Both IronFX and iFOREX do not offer the ability to buy actual (delivered) cryptocurrencies but provide options for trading cryptocurrency derivatives.
When comparing the online brokers IronFX and iFOREX, neither offers ACH or SEPA transfers for account fund transactions, both provide options to deposit or withdraw funds via Skrill, Visa, Mastercard, and bank wires, but iFOREX uniquely supports PayPal for these transactions, unlike IronFX.
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 | iFOREX | |
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| Trust Score | 83 | 75 | |
| Winner | check_circle | ||
| Review |
| Broker Screenshots | IronFX | iFOREX | |
|---|---|---|---|
| Broker Gallery (click to expand) |
| Regulation | IronFX | iFOREX | |
|---|---|---|---|
| Trust Score | 83 | 75 | |
| Year Founded | 2010 | 1996 | |
| 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 | iFOREX | |
|---|---|---|---|
| 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) | |||
| 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) | IronFX | iFOREX | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| 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) |
| Investments | IronFX | iFOREX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 340 | 750 | |
| Forex Pairs (Total) | 83 | 88 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | No | |
| 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 | iFOREX | |
|---|---|---|---|
| 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 | iFOREX | |
|---|---|---|---|
| Minimum Deposit | $50 | $100 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| 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 | iFOREX | |
|---|---|---|---|
| Proprietary Platform | No | Yes | |
| Desktop Platform (Windows) | Yes | No | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | No | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | IronFX | iFOREX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | No | |
| Alerts - Basic Fields | Yes | No | |
| Watchlists - Total Fields | 7 | 9 | |
| Charting - Indicators / Studies (Total) | 30 | 57 | |
| Charting - Drawing Tools (Total) | 15 | 25 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | No |
| Mobile Trading | IronFX | iFOREX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | No | |
| Mobile Watchlist | Yes | No | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | N/A | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Multiple Time Frames | Yes | No | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | No |
| Research | IronFX | iFOREX | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | |||
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | IronFX | iFOREX | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | IronFX | iFOREX | |
|---|---|---|---|
| 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 | iFOREX | |
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| Trust Score | 83 | 75 | |
| Winner | check_circle | ||
| Review |
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