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 account | 1.2 | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Non-wire bank transfer | No | No |
| PayPal (Deposit/Withdraw) | ||
| Skrill (Deposit/Withdraw) | ||
| Bank Wire (Deposit/Withdraw) |
Dive deeper: Best Low Spread Forex Brokers.
IronFX vs iFOREX: both let you trade forex as CFDs or spot. iFOREX lists about 750 tradeable symbols and 88 forex pairs, while IronFX offers around 340 symbols and 83 pairs. Both support cryptocurrency CFDs but don’t let you buy actual coins. Neither broker provides exchange-traded securities, so you can’t buy real shares on U.S. or international exchanges (for example, Apple or Vodafone).
Feature differences and ratings: IronFX includes copy trading; iFOREX does not. According to ForexBrokers.com, both are rated 3.5 out of 5 for range of investments; iFOREX ranks 42nd of 63 brokers, and IronFX ranks 52nd. Choose iFOREX if you want access to more markets and currency pairs, or IronFX if copy trading matters to you.
| Feature |
IronFX
|
iFOREX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 340 | 750 |
| Forex Pairs (Total) | 83 | 88 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | No |
| Copy Trading | Yes | No |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | 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 vs iFOREX for trading platforms and tools: IronFX uses third-party platforms, led by MetaTrader 4 (MT4), and offers both a Windows desktop download and a web-based platform. It does not provide MT5 or its own platform. iFOREX takes the opposite path with its in-house web platform, but it does not offer a Windows desktop app and does not support MT4 or MT5. IronFX supports copy trading and includes a free demo (paper) account for practice; iFOREX does not offer copy trading or simulated trading.
Both brokers let you place trades directly from charts. The number of built-in technical indicators and watchlist field counts were not specified for either broker. For Trading Platforms and Tools, IronFX is rated 3.5 out of 5 stars and ranks 62nd out of 63 brokers at ForexBrokers.com, while iFOREX is rated 4 out of 5 stars and ranks 55th. Choose IronFX if you want MT4, desktop trading, copy trading, or a demo account; pick iFOREX if you prefer a broker’s own web platform and don’t need MT4/MT5.
| Feature |
IronFX
|
iFOREX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | No |
| Proprietary Desktop Trading Platform | No | Yes |
| Desktop Platform (Windows) | Yes | No |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | No | No |
| Charting - Indicators / Studies (Total) | 30 | 57 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
IronFX and iFOREX both offer mobile trading apps for iPhone and Android. The key differences show up in everyday features. IronFX supports price alerts, while iFOREX does not. Neither broker syncs watchlists between the app and the web platform. For charting, IronFX lists 30 technical studies, lets you draw trendlines, and auto-saves your drawings—handy for active analysis. iFOREX does not support trendline drawing or auto-saving, and the number of available studies is not specified.
Independent ratings tilt the other way. ForexBrokers.com rates IronFX 3.5 out of 5 stars and ranks it 63rd out of 63 brokers for Mobile Trading Apps, while iFOREX earns 4 out of 5 stars and ranks 56th. In short, choose IronFX if you want mobile price alerts and stronger charting tools, or lean toward iFOREX if an app with higher third-party ratings is your priority.
| Feature |
IronFX
|
iFOREX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | No |
| Mobile Watchlists - Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | N/A |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Trendlines Autosave | 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 (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | No |
| Trading Central | Yes | Yes |
| Client sentiment data | No | Yes |
| TipRanks | ||
| Acuity Trading | ||
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
If you’re starting out with forex and CFDs, IronFX and iFOREX both make the basics easy to learn. Each offers 10+ beginner videos that walk through core trading concepts. However, neither broker runs monthly educational webinars, and neither provides 10 or more advanced videos for experienced traders, so the learning path thins out once you move beyond the fundamentals.
In this IronFX vs iFOREX comparison for education, IronFX holds a slight edge for beginners: it earns 4 out of 5 stars and ranks 44th out of 63 brokers at ForexBrokers.com, while iFOREX scores 3.5 stars and ranks 53rd. That gap suggests IronFX is the better pick for entry-level learning, though iFOREX still offers a useful starter library.
| Feature |
IronFX
|
iFOREX
|
|---|---|---|
| Webinars | No | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | 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
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iFOREX
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|---|---|---|
| Overall Rating |
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| Trust Score | 83 | 75 |
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Comparing online brokers IronFX and iFOREX, neither supports buying actual delivered cryptocurrency, but both offer cryptocurrency CFD trading.
IronFX vs iFOREX: both brokers do not support ACH or SEPA transfers for deposits or withdrawals, and details on PayPal, Skrill, Visa/Mastercard, and bank wire availability were not provided.
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 | ||
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| 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, FSRA, or SCA 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. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | No | |
| Copy Trading | Yes | No | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | 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 account | 1.2 | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Inactivity Fee | No | No | |
| Order execution: Agency | Yes | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | IronFX | iFOREX | |
|---|---|---|---|
| Minimum Deposit | $50 | $100 | |
| PayPal (Deposit/Withdraw) | |||
| Skrill (Deposit/Withdraw) | |||
| Bank Wire (Deposit/Withdraw) | |||
| Non-wire bank transfer | No | No |
| Trading Platforms | IronFX | iFOREX | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | No | Yes | |
| Desktop Platform (Windows) | Yes | No | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | No | No | |
| cTrader | No | No |
| Trading Tools | IronFX | iFOREX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | No | |
| Price Alerts | Yes | No | |
| Charting - Indicators / Studies (Total) | 30 | 57 | |
| 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 Price Alerts | Yes | No | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | N/A | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Trendlines Autosave | Yes | No | |
| Mobile Research - Economic Calendar | Yes | No |
| Research | IronFX | iFOREX | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central | Yes | Yes | |
| TipRanks | |||
| Client sentiment data | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | IronFX | iFOREX | |
|---|---|---|---|
| Webinars | No | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | No |
| Major Forex Pairs | IronFX | iFOREX | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review |
| Overall | IronFX | iFOREX | |
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| Trust Score | 83 | 75 | |
| Winner | check_circle | ||
| Review |
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