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 account | 0.81 | 1.2 |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Non-wire bank transfer | No | No |
| PayPal (Deposit/Withdraw) | No | |
| Skrill (Deposit/Withdraw) | No | |
| Bank Wire (Deposit/Withdraw) | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Spreadex vs IronFX: Both brokers let you trade forex as CFDs or spot. Spreadex lists about 10,000 tradeable symbols, far more than IronFX’s 340. IronFX, however, offers 83 forex pairs compared with Spreadex’s 52, so currency traders get a wider pair selection at IronFX. Neither broker provides access to exchange-traded shares on U.S. or international exchanges; investing in stocks would be via derivatives instead. You can trade crypto as CFDs at both, but neither supports buying actual coins. Copy trading is available at IronFX but not at Spreadex.
For range of investments, ForexBrokers.com rates Spreadex at 5 stars and ranks it 14th out of 63 brokers, while IronFX earns 3.5 stars and ranks 52nd. In short, choose Spreadex if you want a much larger overall instrument list, and pick IronFX if you prioritize more forex pairs and the option to copy trade.
| Feature |
Spreadex
|
IronFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 340 |
| Forex Pairs (Total) | 52 | 83 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | No |
| Copy Trading | No | Yes |
| 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.
Comparing Spreadex vs IronFX for trading platforms and tools: both brokers offer a free demo account for paper trading. Spreadex provides a proprietary web-based platform, while IronFX relies on third-party software and offers both a web platform and a Windows desktop download. IronFX supports MetaTrader 4 (MT4) but not MT5; Spreadex does not offer MT4 or MT5. Copy trading is available at IronFX but not at Spreadex. Both brokers let you place trades directly from charts.
Counts for built-in technical indicators and watchlist columns aren’t specified here. Independent ratings from ForexBrokers.com, however, show Spreadex ahead for platforms and tools: Spreadex earns 4 stars and ranks 47th out of 63 brokers, while IronFX earns 3.5 stars and ranks 62nd. If you want MetaTrader and copy trading, IronFX fits the bill; if you prefer an in-house web platform without desktop installs, Spreadex may be the better match.
| Feature |
Spreadex
|
IronFX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | No |
| Desktop Platform (Windows) | No | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | No |
| Charting - Indicators / Studies (Total) | 58 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Spreadex and IronFX both offer mobile trading apps for iPhone and Android. Each app supports price alerts for forex and stocks and lets you draw trendlines on charts. However, neither app syncs watchlists between mobile and the web, so edits won’t carry over.
In charting tools, IronFX stands out with 30 technical studies and it auto-saves your chart drawings, while Spreadex does not list a study count and does not auto-save drawings. Based on ForexBrokers.com, Spreadex earns 4 stars and ranks #47 of 63 for Mobile Trading Apps, while IronFX earns 3.5 stars and ranks #63. Choose Spreadex if ratings matter most and you want a straightforward app; choose IronFX if built-in indicators and saving chart work are higher on your list.
| Feature |
Spreadex
|
IronFX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | No | No |
| Mobile Charting - Indicators / Studies | N/A | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | No | 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 (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central | No | Yes |
| Client sentiment data | Yes | No |
| TipRanks | No | |
| Acuity Trading | No | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Comparing Spreadex and IronFX for beginner trading education, both brokers shine for newcomers thanks to their video libraries. Each offers at least 10 beginner-focused videos that explain core forex and CFD concepts in plain language. Neither broker runs monthly live webinars, and both fall short on advanced depth, with fewer than 10 videos geared to experienced traders. Even so, their education quality scores are the same: 4 out of 5 stars.
If you prefer learning through on-demand video lessons, either broker can help you get started with the basics. For those wanting ongoing live classes, you’ll need to look elsewhere. In independent rankings from ForexBrokers.com, IronFX edges out Spreadex by a hair for education (#44 vs. #45 out of 63), but the difference is minor for most beginners comparing forex and CFD education resources.
| Feature |
Spreadex
|
IronFX
|
|---|---|---|
| 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 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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| Trust Score | 71 | 83 |
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In the Spreadex vs IronFX comparison, neither broker lets you buy actual (delivered) cryptocurrencies, but both offer cryptocurrency CFD trading.
Both Spreadex and IronFX do not support ACH/SEPA; Spreadex also doesn’t support PayPal or Skrill but does permit bank wire transfers, whereas IronFX’s support for PayPal, Skrill, Visa/Mastercard, and bank wires is not specified.
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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| Broker Gallery (click to expand) |
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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, FSRA, or SCA 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. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | No | |
| Copy Trading | No | Yes | |
| 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 | Spreadex | IronFX | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 0.81 | 1.2 | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Inactivity Fee | No | No | |
| Order execution: Agency | No | Yes | |
| Order execution: Market Maker | Yes | Yes |
| Funding | Spreadex | IronFX | |
|---|---|---|---|
| Minimum Deposit | $0 | $50 | |
| PayPal (Deposit/Withdraw) | No | ||
| Skrill (Deposit/Withdraw) | No | ||
| Bank Wire (Deposit/Withdraw) | Yes | ||
| Non-wire bank transfer | No | No |
| Trading Platforms | Spreadex | IronFX | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | No | |
| Desktop Platform (Windows) | No | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | No | |
| cTrader | No | No |
| Trading Tools | Spreadex | IronFX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 58 | 30 | |
| 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 Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | No | No | |
| Mobile Charting - Indicators / Studies | N/A | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | No | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | Spreadex | IronFX | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central | No | Yes | |
| TipRanks | No | ||
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Spreadex | IronFX | |
|---|---|---|---|
| Webinars | No | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | No |
| Major Forex Pairs | Spreadex | IronFX | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | Spreadex Review |
| Overall | Spreadex | IronFX | |
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| Trust Score | 71 | 83 | |
| Winner | check_circle | ||
| Review | Spreadex Review |
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