Written by ForexBrokers.com
In this head to head comparison of IronFX vs TopFX, 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 and TopFX, both established in 2010, offer online brokerage services but differ significantly in their regulatory standings. IronFX boasts a solid reputation with three Tier-1 licenses, which are considered highly trustworthy, giving it a reliable Trust Score of 83, as rated by ForexBrokers.com. Meanwhile, TopFX holds one Tier-1 license, contributing to its lower Trust Score of 67. This score suggests a higher level of risk compared to IronFX, according to ForexBrokers.com's risk assessment standards.
Neither IronFX nor TopFX is publicly traded or operates as a bank, providing equal footing in those respects. However, IronFX's additional Tier-1 licenses and higher Trust Score may make it a more reassuring option for users seeking a trusted brokerage service.
| Feature |
IronFX
|
TopFX
|
|---|---|---|
| Year Founded | 2010 | 2010 |
| 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 |
If low trading costs are your priority, here’s how IronFX and TopFX compare on commissions and fees. Both earn 4 out of 5 stars from ForexBrokers.com, but TopFX is ranked #41 of 63 while IronFX is ranked #47 of 63. In practice, TopFX’s RAW account delivered roughly 0.88 pips all-in on EUR/USD in July 2024 (around the industry average), whereas IronFX lists a typical 1.8-pip spread on its Standard variable account, which appears higher than average.
IronFX commissions and fees: The Standard variable spread account shows a typical 1.8 pips (no date range provided, and pricing varies by account). The zero fixed-spread account can start at 0.0 pips but adds a $18 per standard lot commission, and spreads widen to 3 pips overnight. Overall, IronFX’s pricing leans more on spread-based costs unless you opt for the commission plan.
TopFX commissions and fees: Two account types are available on MetaTrader and cTrader. The commission-based RAW account charges 2.75 EUR per side (5.50 EUR round turn) and, with an average 0.33-pip spread on EUR/USD during July 2024, works out to about 0.88 pips all-in—roughly in line with the market. The ZERO account is commission-free but has wider average spreads of about 1.03 pips on EUR/USD for July 2024. Minimum deposit depends on your chosen payment method. TopFX: 4/5 stars, #41 of 63; IronFX: 4/5 stars, #47 of 63.
| Feature |
IronFX
|
TopFX
|
|---|---|---|
| Minimum Deposit | $50 | Depends on payment method |
| Average Spread EUR/USD - Standard | 1.2 | 1.03 |
| All-in Cost EUR/USD - Active | N/A | 0.88 |
| Non-wire bank transfer | No | No |
| PayPal (Deposit/Withdraw) | No | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
IronFX and TopFX both support forex trading as CFDs or spot contracts. TopFX offers a larger overall lineup with about 655 tradeable symbols versus IronFX’s 340, while IronFX leads in currency coverage with 83 forex pairs compared to TopFX’s 60. Both brokers provide copy trading and let you speculate on crypto via derivatives, but neither offers direct purchase of cryptocurrencies or real exchange-traded shares on U.S. or international stock exchanges.
For range of investments, both IronFX and TopFX are rated 3.5 out of 5 stars. However, ForexBrokers.com ranks TopFX a bit higher in this category (#47 of 63) than IronFX (#52 of 63). In short, pick TopFX if you want more total markets to choose from, and choose IronFX if your priority is a wider list of forex pairs.
| Feature |
IronFX
|
TopFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 340 | 655 |
| Forex Pairs (Total) | 83 | 60 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | No |
| Copy Trading | Yes | 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.
IronFX vs TopFX: both brokers keep things simple with third‑party platforms and tools. Each offers a free demo (paper) account, supports web-based trading and a Windows desktop download, and does not have its own proprietary platform. MetaTrader 4 (MT4) is available at both brokers, while MetaTrader 5 (MT5) is not. You can use copy trading with either broker, and both let you place trades directly from charts.
When it comes to evaluations of trading platforms and tools, TopFX earns the edge: it’s rated 4 out of 5 stars and ranks #46 out of 63 brokers at ForexBrokers.com. IronFX comes in at 3.5 out of 5 stars, ranking #62 out of 63. If you want an MT4-only setup with web and desktop access, demo trading, copy trading, and chart trading, both fit the bill—TopFX simply scores higher overall in this category.
| Feature |
IronFX
|
TopFX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | No | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | No | No |
| Charting - Indicators / Studies (Total) | 30 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
IronFX and TopFX both offer mobile trading apps for iPhone and Android. Each app includes stock and forex price alerts and charting with 30 technical indicators, plus the ability to draw trendlines that auto‑save. Neither broker syncs watchlists between the mobile app and the online account. Details about viewing multiple time frames or creating watchlists with real‑time quotes were not specified.
In independent testing by ForexBrokers.com, TopFX earned 4 stars and ranked 52nd out of 63 brokers for Mobile Trading Apps, while IronFX received 3.5 stars and ranked 63rd. In short, both apps cover core needs on the go, but TopFX edges out IronFX in overall mobile app ratings.
| Feature |
IronFX
|
TopFX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
| Mobile Watchlist [DELETED] |
Dive deeper: Best Forex Trading Apps.
Comparing market research at IronFX and TopFX shows clear differences. IronFX delivers daily market commentary, while TopFX does not. Both brokers stream forex news from top-tier sources like Bloomberg, Reuters, or similar outlets, and both include Trading Central tools plus an economic calendar. TopFX adds Autochartist and a sentiment tool that displays the ratio of long and short positions—features IronFX doesn’t include. Availability of TipRanks and Acuity Trading tools wasn’t specified for either broker.
For overall research quality, ForexBrokers.com rates IronFX at 4 stars and ranks it 29th out of 63 brokers, while TopFX earns 3 stars and ranks 61st. Choose IronFX if you want daily in-house commentary paired with premium news and Trading Central; consider TopFX if you prioritize Autochartist pattern recognition and sentiment data alongside major news feeds and an economic calendar.
| Feature |
IronFX
|
TopFX
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central | Yes | Yes |
| Client sentiment data | No | Yes |
| TipRanks | ||
| Acuity Trading | ||
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
IronFX vs TopFX for beginner education: IronFX stands out by offering at least 10 beginner-focused trading videos, giving newcomers a clearer path to learn the basics of forex and CFDs. TopFX does not meet that beginner video threshold. Neither broker runs monthly client webinars, and both fall short on advanced video lessons (fewer than 10). It’s not confirmed whether either broker maintains a searchable archive of past webinars or provides an investor dictionary with 50+ terms. Likewise, the total size of each broker’s forex/CFD education library (10+ pieces across articles, videos, or archived webinars) isn’t clearly stated.
Ratings reflect these differences. IronFX earns 4 stars for Education and ranks #44 out of 63 brokers on ForexBrokers.com, while TopFX holds 3 stars and ranks #62. In short, beginners who value structured video lessons may find IronFX more helpful, whereas traders seeking monthly webinars or a deeper advanced curriculum won’t find either broker especially strong in those areas.
| Feature |
IronFX
|
TopFX
|
|---|---|---|
| Webinars | No | No |
| Videos - Beginner Trading Videos | Yes | No |
| 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 TopFX. IronFX finished with an overall rank of #48, while TopFX finished with an overall rank of #62.
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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TopFX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 83 | 67 |
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Neither IronFX nor TopFX provides the option to purchase actual delivered cryptocurrencies, but both offer the ability to trade cryptocurrency derivatives.
In the IronFX vs TopFX payment methods comparison, both brokers support Skrill and bank wire deposits and withdrawals and do not offer ACH or SEPA transfers, while only TopFX accepts PayPal; card options were 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 | IronFX | TopFX | |
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| Trust Score | 83 | 67 | |
| Winner | check_circle | ||
| Review | TopFX Review |
| Broker Screenshots | IronFX | TopFX | |
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| Broker Gallery (click to expand) |
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| Regulation | IronFX | TopFX | |
|---|---|---|---|
| Trust Score | 83 | 67 | |
| Year Founded | 2010 | 2010 | |
| 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 | TopFX | |
|---|---|---|---|
| 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 | No | |
| 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 | TopFX | |
|---|---|---|---|
| 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 | TopFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 340 | 655 | |
| Forex Pairs (Total) | 83 | 60 | |
| U.S. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | No | |
| Copy Trading | Yes | 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 | IronFX | TopFX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.2 | 1.03 | |
| All-in Cost EUR/USD - Active | N/A | 0.88 | |
| Inactivity Fee | No | No | |
| Order execution: Agency | Yes | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | IronFX | TopFX | |
|---|---|---|---|
| Minimum Deposit | $50 | Depends on payment method | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | No | No |
| Trading Platforms | IronFX | TopFX | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | No | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | No | No | |
| cTrader | No | Yes |
| Trading Tools | IronFX | TopFX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | IronFX | TopFX | |
|---|---|---|---|
| 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 | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | IronFX | TopFX | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central | Yes | Yes | |
| TipRanks | |||
| Client sentiment data | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | IronFX | TopFX | |
|---|---|---|---|
| Webinars | No | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | No | No |
| Major Forex Pairs | IronFX | TopFX | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | TopFX Review |
| Overall | IronFX | TopFX | |
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| Trust Score | 83 | 67 | |
| Winner | check_circle | ||
| Review | TopFX Review |
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