Written by ForexBrokers.com
In this head to head comparison of Spreadex 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.
Spreadex, founded in 1999, and IronFX, established in 2010, are both online brokers that are not publicly traded and not banks. When comparing their regulatory standings, Spreadex holds one Tier-1 license, which is recognized for its high level of trust. However, it lacks any Tier-2 licenses, resulting in a ForexBrokers.com Trust Score of 71, indicating an average risk. On the other hand, IronFX boasts three Tier-1 licenses, highlighting its commitment to providing a more trusted trading experience. This is reflected in its higher Trust Score of 83, signaling it as a trusted broker.
Choosing between Spreadex and IronFX may come down to the importance you place on trust and regulatory standings. IronFX appears to offer a more secure environment with its multiple Tier-1 licenses and a stronger Trust Score. While both brokers are not backed by the assurances of being publicly traded or associated with banking institutions, IronFX might appeal more to those who prioritize trust in their trading partners.
| Feature |
Spreadex
|
IronFX
|
|---|---|---|
| Year Founded | 1999 | 2010 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 3 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
Comparing commissions and fees, Spreadex generally looks cheaper than IronFX for EUR/USD based on the data provided. Both brokers earn a 4-star rating for pricing, but Spreadex holds a stronger category position, ranking #28 out of 63 brokers at ForexBrokers.com, while IronFX ranks #47 out of 63.
Spreadex’s January 2024 data shows an average EUR/USD spread of 0.81 pips, with a minimum spread of 0.6 pips achieved 60% of the time during the month. That consistency can help keep trading costs lower and more predictable for active traders.
IronFX lists a typical spread of 1.8 pips on its Standard variable spread account (no date range provided, and pricing varies by account). Its Zero fixed-spread account can start at 0.0 pips but carries a $18 per lot commission, and spreads widen to 3 pips overnight. Overall, IronFX’s spreads have appeared higher than the industry average, which may lead to higher all-in costs depending on your account type and trading hours.
| Feature |
Spreadex
|
IronFX
|
|---|---|---|
| Minimum Deposit | $0 | $50 |
| Average Spread EUR/USD - Standard | 0.81 | 1.2 |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Spreadex and IronFX both offer forex trading as CFDs and/or spot contracts. The key difference is breadth: Spreadex lists about 10,000 tradeable symbols, while IronFX offers around 340. IronFX counters with more forex pairs (83 vs 52). Neither broker provides access to exchange‑traded securities in the U.S. or on international exchanges, and both support cryptocurrency derivatives but not actual (delivered) crypto. IronFX includes copy trading, whereas Spreadex does not.
For range of investments, Spreadex earns 5 stars and ranks 14th out of 63 brokers on ForexBrokers.com; IronFX scores 3.5 stars and ranks 52nd. Choose Spreadex if you want the widest overall selection of markets, or IronFX if you value a larger list of forex pairs and built‑in copy trading.
| Feature |
Spreadex
|
IronFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 340 |
| Forex Pairs (Total) | 52 | 83 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | No | 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.
Comparing Spreadex vs IronFX on trading platforms and tools: both brokers offer free demo (paper) accounts and web-based platforms, plus the ability to place trades directly from charts. Spreadex provides its own in-house platform but does not have a Windows desktop download and doesn’t support MetaTrader 4 or 5. IronFX, by contrast, has a Windows desktop platform and supports MetaTrader 4 (MT4), but does not offer a proprietary platform and does not support MT5. Copy trading is available at IronFX, while Spreadex does not offer it. Neither broker supports DupliTrade or ZuluTrade.
For charting and workspace details, Spreadex lists 11 drawing tools and 8 watchlist columns, while IronFX offers 15 drawing tools and 7 watchlist columns. In ForexBrokers.com ratings for Trading Platforms and Tools, Spreadex earns 4 stars and ranks #47 of 63 brokers; IronFX earns 3.5 stars and ranks #62 of 63. In short, choose Spreadex if you want an in-house web platform with paper trading, or pick IronFX if you prefer MT4, copy trading, and a Windows desktop option.
| Feature |
Spreadex
|
IronFX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | No | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 58 | 30 |
| Charting - Drawing Tools (Total) | 11 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 8 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Spreadex vs IronFX: both brokers offer mobile trading apps for iPhone and Android, along with price alerts and real-time quote watchlists. Neither app currently syncs watchlist symbols with your web account, so edits on one device won’t appear on the other.
For charting, both apps let you draw trendlines and switch among multiple time frames. IronFX lists 30 technical indicators and auto-saves your chart drawings, while Spreadex doesn’t publish a count for indicators and doesn’t auto-save drawings. In independent testing by ForexBrokers.com, Spreadex earned 4 out of 5 stars and ranked 47th out of 63 for mobile trading apps, while IronFX scored 3.5 stars and ranked 63rd. Choose Spreadex if third-party ratings matter more; pick IronFX if you value a larger set of built-in indicators and automatic drawing saves.
| Feature |
Spreadex
|
IronFX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | N/A | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Spreadex and IronFX both deliver daily market commentary, stream forex news from top-tier sources like Bloomberg or Reuters, and include an economic calendar to track key events. Each earns a 4-star Research rating, with IronFX ranked #29 and Spreadex #32 out of 63 brokers by ForexBrokers.com.
The main differences are in the tools. Spreadex includes Autochartist and a sentiment tool that shows the share of long vs. short positions, but it lacks Trading Central. IronFX flips that: it offers Trading Central but not Autochartist or a sentiment tool. Spreadex does not provide TipRanks or Acuity Trading; IronFX’s access to TipRanks and Acuity Trading is not listed. Choose Spreadex if you want Autochartist and sentiment data; pick IronFX if you prefer Trading Central’s research suite.
| Feature |
Spreadex
|
IronFX
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | Yes |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | |
| Signal Centre (Acuity Trading) | No | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, both Spreadex and IronFX ensure their users have access to basic learning tools. Each platform provides a considerable amount of material, like articles, videos, and other content focused on forex and CFDs, exceeding the minimum benchmark of ten pieces. Both brokerages deliver an impressive suite of beginner educational videos, simplifying trading concepts for new traders. However, when it comes to advanced video content, neither Spreadex nor IronFX meets the ten-video requirement aimed explicitly at experienced traders. In terms of additional tools, users will find robust investor dictionaries containing definitions of over 50 key investing terms across both platforms.
Even though Spreadex and IronFX do not host monthly educational webinars or archive these online sessions for later viewing, IronFX distinguishes itself by offering a searchable archive of past client webinars, providing a layer of added learning convenience. According to ratings, both Spreadex and IronFX garner 4-star ratings for their educational offerings, though IronFX slightly outpaces Spreadex in rankings by being placed at #44 compared to Spreadex's #45 out of 63 brokers as per ForexBrokers.com. This subtle difference might influence a beginner trader's choice when considering educational resources.
| Feature |
Spreadex
|
IronFX
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | 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 Spreadex is better than IronFX. Spreadex finished with an overall rank of #39, while IronFX finished with an overall rank of #48.
Spreadex is an FCA-regulated broker in the UK, offering forex and CFDs, and is well known for its sports betting business, and proprietary web trading platforms. Spreadex still has considerable room to improve, in key categories such as research and education, compared to the best forex brokers.
| Feature |
Spreadex
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IronFX
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|---|---|---|
| Overall Rating |
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| Trust Score | 71 | 83 |
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Spreadex and IronFX both do not offer the ability to buy actual cryptocurrency for delivery, but they do provide options for purchasing cryptocurrency derivatives.
Both Spreadex and IronFX do not offer ACH, SEPA, or PayPal options for deposits or withdrawals, while they both support Visa, Mastercard, and bank wires, but only IronFX provides Skrill as an additional payment method.
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 | Spreadex | IronFX | |
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| Trust Score | 71 | 83 | |
| Winner | check_circle | ||
| Review | Spreadex Review |
| Broker Screenshots | Spreadex | IronFX | |
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| Regulation | Spreadex | IronFX | |
|---|---|---|---|
| Trust Score | 71 | 83 | |
| Year Founded | 1999 | 2010 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 1 | 3 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | Spreadex | 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) | |||
| 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). | No | Yes |
| Tier-2 Licenses (Trusted) | Spreadex | IronFX | |
|---|---|---|---|
| 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 | Spreadex | IronFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 340 | |
| Forex Pairs (Total) | 52 | 83 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | No | 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 | Spreadex | IronFX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.81 | 1.2 | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Spreadex | IronFX | |
|---|---|---|---|
| Minimum Deposit | $0 | $50 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | Spreadex | IronFX | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | No | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Spreadex | IronFX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 8 | 7 | |
| Charting - Indicators / Studies (Total) | 58 | 30 | |
| Charting - Drawing Tools (Total) | 11 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Spreadex | IronFX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | N/A | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Spreadex | IronFX | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | ||
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Spreadex | IronFX | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Spreadex | 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 | Spreadex Review |
| Overall | Spreadex | IronFX | |
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| Trust Score | 71 | 83 | |
| Winner | check_circle | ||
| Review | Spreadex Review |
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