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Plus500 vs IronFX 2022

ForexBrokers.com

Written by ForexBrokers.com

November 08, 2022

Is Plus500 better than IronFX? In our analysis of 23 international regulators across 39 of the best forex brokers, Plus500 is considered low-risk, with an overall trust score of 98 out of 99. IronFX is considered average-risk, with an overall Trust Score of 84 out of 99. Learn more about Trust Score.

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Overall RatingPlus500IronFXIG
Overall Rating4.5 Stars4 Stars5 Stars
Commissions & Fees4.5 Stars4 Stars5 Stars
Offering of Investments4 Stars3.5 Stars5 Stars
Platform & Tools4.5 Stars3.5 Stars5 Stars
Mobile Trading4.5 Stars3.5 Stars5 Stars
Research4 Stars4 Stars5 Stars
Education3.5 Stars3.5 Stars5 Stars
Trust Score988499
Winnercheck_circle
ReviewPlus500 ReviewIG Review
RegulationPlus500IronFXIG
Trust Score988499
Year Founded200820101974
Publicly Traded (Listed)YesNoYes
BankNoNoYes
Tier-1 Licenses427
Tier-2 Licenses312
Tier-3 Licenses011
Authorised in European UnionYesYesYes
About RegulationA “Yes” for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score.A “Yes” for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score.A “Yes” for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score.
Tier-1 Licenses (High Trust)Plus500IronFXIG
ASIC Authorised (Australia)YesYesYes
IIROC Authorised (Canada)NoNoNo
SFC Authorised (Hong Kong)NoNoNo
CBI Authorised (Ireland)NoNoNo
FSA Authorised (Japan)YesNoYes
MAS Authorised (Singapore)YesNoYes
FINMA Authorised (Switzerland)NoNoYes
FCA Authorised (U.K.)YesYesYes
CFTC Registered (USA)NoNoYes
FMA Authorised (New Zealand)YesNoYes
Tier-2 Licenses (Average Trust)Plus500IronFXIG
CBRC Authorised (China)NoNoNo
CySEC Authorised (Cyprus)YesYesNo
SEBI Authorised (India)NoNoNo
ISA Authorised (Israel)YesNoNo
CBR Authorised (Russia)NoNoNo
FSCA Authorised (South Africa)YesNoYes
SEC Authorised (Thailand)NoNoNo
DFSA / Central Bank Authorised (UAE)NoNoYes
Tier-3 Licenses (Low Trust)Plus500IronFXIG
SCB Authorised (Bahamas)NoNoNo
IFSC Authorised (Belize)NoNoNo
CIMA Authorised (Cayman Islands)NoNoNo
BMA Authorised (Bermuda)NoYesYes
FSC Authorised (British Virgin Islands)NoNoNo
FSC Authorised (Mauritius)NoNoNo
VFSC Authorised (Vanuatu)NoNoNo
InvestmentsPlus500IronFXIG
Forex Trading (Spot or CFDs)YesYesYes
Tradeable Symbols (Total)280034019537
Forex Pairs (Total)7183100
U.S. Stock Trading (Non CFD)YesNoYes
Int'l Stock Trading (Non CFD)YesNoYes
Social Trading / Copy TradingNoYesYes
Cryptocurrency (Physical)NoNoNo
Cryptocurrency (CFD)YesYesYes
DisclaimersNote: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). Non-CFD share trading at Plus500 is only available through the Plus500 Invest account.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).
CostPlus500IronFXIG
Average Spread EUR/USD - Standard0.6 (as of Aug 2018)1.20.86 (September 2022)
All-in Cost EUR/USD - ActiveN/A-10.5957 (September 2022)
Active Trader or VIP DiscountsNoYesYes
Execution: Agency BrokerNoYesYes
Execution: Market MakerYesYesYes
FundingPlus500IronFXIG
Minimum Initial Deposit€100$50£250.00
PayPal (Deposit/Withdraw)YesNoYes
Skrill (Deposit/Withdraw)YesYesNo
Visa/Mastercard (Credit/Debit)YesYesYes
Bank Wire (Deposit/Withdraw)YesYesYes
Trading PlatformsPlus500IronFXIG
Proprietary PlatformYesNoYes
Desktop Platform (Windows)NoYesYes
Web PlatformYesYesYes
Social Trading / Copy TradingNoYesYes
MetaTrader 4 (MT4)NoYesYes
MetaTrader 5 (MT5)NoNoNo
cTraderNoNoNo
DupliTradeNoNoNo
ZuluTradeNoNoNo
Trading ToolsPlus500IronFXIG
Virtual Trading (Demo)YesYesYes
Alerts - Basic FieldsYesYesYes
Watchlists - Total Fields9714
Charting - Indicators / Studies (Total)1103033
Charting - Drawing Tools (Total)211520
Charting - Trade From ChartNoYesYes
Charts can be savedYesYesYes
Mobile TradingPlus500IronFXIG
Android AppYesYesYes
Apple iOS AppYesYesYes
Mobile Alerts - Basic FieldsYesYesYes
Mobile WatchlistYesYesYes
Watchlist SyncingYesNoYes
Mobile Charting - Indicators / Studies1103033
Mobile Charting - Draw TrendlinesYesYesYes
Mobile Charting - Multiple Time FramesYesYesYes
Mobile Charting - Drawings AutosaveNoYesYes
Forex CalendarYesYesYes
ResearchPlus500IronFXIG
Daily Market CommentaryYesYesYes
Forex News (Top-Tier Sources)NoYesYes
AutochartistNoNoYes
Trading Central (Recognia)NoYesNo
Social Sentiment - Currency PairsYesNoYes
Economic CalendarYesYesYes
EducationPlus500IronFXIG
Has Education - Forex or CFDsYesYesYes
Client WebinarsNoNoYes
Client Webinars (Archived)NoYesYes
Videos - Beginner Trading VideosYesYesYes
Videos - Advanced Trading VideosNoNoYes
Investor Dictionary (Glossary)NoYesYes
Major Forex PairsPlus500IronFXIG
GBP/USDYesYesYes
USD/JPYYesYesYes
EUR/USDYesYesYes
USD/CHFYesYesYes
USD/CADYesYesYes
NZD/USDYesYesYes
AUD/USDYesYesYes
ReviewPlus500 ReviewIG Review
OverallPlus500IronFXIG
Overall Rating4.5 Stars4 Stars5 Stars
Commissions & Fees4.5 Stars4 Stars5 Stars
Offering of Investments4 Stars3.5 Stars5 Stars
Platform & Tools4.5 Stars3.5 Stars5 Stars
Mobile Trading4.5 Stars3.5 Stars5 Stars
Research4 Stars4 Stars5 Stars
Education3.5 Stars3.5 Stars5 Stars
Trust Score988499
Winnercheck_circle
ReviewPlus500 ReviewIG Review
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Plus500 vs IronFX Comparison

Comparing forex brokers side by side is no easy task. For our 2022 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare Plus500 vs IronFX.

Does Plus500 or IronFX offer lower pricing?

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, IG offers better pricing overall for traders.

Is Plus500 or IronFX safer for forex and CFDs trading?

At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. Plus500 holds 4 global Tier-1 licenses, while IronFX holds 2. Plus500 holds 3 global Tier-2 licenses, while IronFX holds 1. In our analysis of 23 international regulators across 50 brokers, Plus500 earned a higher Trust Score than IronFX.

Which trading platform is better: Plus500 or IronFX?

To compare the trading platforms of both Plus500 and IronFX, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, IG offers a better experience. With research, IG offers superior market research. Finally, we found IG to provide better mobile trading apps.

What about MetaTrader and copy trading?

For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Neither broker offers Meta Trader.Copy trading is not offered by either broker.

How many forex pairs and CFDs are available to trade?

IronFX provides traders 83 currency pairs (e.g., EUR/USD) compared to Plus500's 71 available pairs. Forex pairs aside, Plus500 offers traders access to 2800 CFDs while IronFX has 340 available CFDs, a difference of 2460.

Can I trust Plus500?

Plus500 is publicly traded and does not operate a bank. Plus500 is authorised by five tier-1 regulators (high trust), three tier-2 regulators (average trust), and zero tier-3 regulators (low trust). Plus500 is authorised by the following tier-1 regulators: Financial Conduct Authority (FCA), Australian Securities & Investment Commission (ASIC), and the Monetary Authority of Singapore (MAS).

Can I trust IronFX?

IronFX is not publicly traded and does not operate a bank. IronFX is authorised by two tier-1 regulators (high trust), one tier-2 regulator (average trust), and one tier-3 regulator (low trust). IronFX is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC) and the Financial Conduct Authority (FCA).

Is Plus500 good?

Plus500 is a trusted global brand that offers an easy-to-use trading platform for online traders, alongside access to a thorough selection of CFDs. Share trading is available, but only via its Plus500 Invest product offering.

Is IronFX good?

IronFX is a MetaTrader-only broker that has worked hard to rebuild its trust factor by securing additional regulatory licenses, as well as taking action to improve the brand's offerings. Spreads at IronFX are higher than the industry average, but the broker has done a nice job putting together some decent educational materials for beginners.

Overall winner: IG

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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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