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XM Group vs IronFX 2025

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

In this head to head comparison of XM Group vs IronFX, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.

XM Group
4.5/5 Stars Overall
  • Minimum Deposit: $5
  • Trust Score: 93
  • Tradeable Symbols (Total): 1394
IronFX
4/5 Stars Overall
  • Minimum Deposit: $50
  • Trust Score: 83
  • Tradeable Symbols (Total): 340

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.

Regulation

XM Group and IronFX, established in 2009 and 2010 respectively, are prominent online brokers but neither are publicly traded or operate as banks. In terms of trustworthiness, XM Group holds a higher position with a ForexBrokers.com Trust Score of 93 out of 99, indicating it is highly trusted. Conversely, IronFX has a Trust Score of 83, placing it in a trusted category, yet slightly lower than XM Group.

The regulatory backing of these brokers also varies. XM Group possesses four Tier-1 licenses, signifying a high level of trust, alongside one Tier-2 license. Meanwhile, IronFX holds three Tier-1 licenses but does not have any Tier-2 licenses. These regulatory credentials enhance XM Group's reputation as a trusted broker compared to IronFX.

Feature XM Group logoXM Group
IronFX logoIronFX
Year Founded info 2009 2010
Publicly Traded (Listed) info No No
Bank info No No
Tier-1 Licenses info 4 3
Tier-2 Licenses info 1 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 1

Fees

Comparing commissions and fees, both XM Group and IronFX earn 4 out of 5 stars, but XM Group ranks higher (#34 of 63) than IronFX (#47 of 63) in ForexBrokers.com’s Commissions and Fees category. XM Group’s Standard account spreads are considered expensive, and the broker does not publish average spreads for its commission-based XM Zero account, making it harder to gauge typical all-in costs.

IronFX’s pricing also trends on the high side versus the industry average. The broker lists a typical spread of 1.8 pips for 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 there’s a $18 per lot commission, and spreads are widened to 3 pips overnight. IronFX is rated 4 out of 5 stars for commissions and fees and ranks #47 of 63 in this category.

Bottom line: both brokers score 4 stars, yet XM Group ranks better on fees than IronFX. XM Group’s drawback is the lack of published average spreads for XM Zero, while IronFX provides typical spread figures but attaches conditions—such as a per-lot commission and overnight widening on its fixed-spread account—that can raise costs depending on when and how you trade.

Feature XM Group logoXM Group
IronFX logoIronFX
Minimum Deposit info $5 $50
Average Spread EUR/USD - Standard info 1.6 info 1.2
All-in Cost EUR/USD - Active info 0.8 info N/A
Non-wire bank transfer info No No
PayPal (Deposit/Withdraw) info No No
Skrill (Deposit/Withdraw) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

Comparing XM Group vs. IronFX for range of investments: XM Group offers 1,394 tradeable symbols, far more than IronFX’s 340. IronFX, however, lists more forex pairs (83 vs. XM’s 55). Both brokers let you trade forex via CFDs or spot contracts, support copy trading, and provide cryptocurrency derivatives (but not actual, delivered crypto).

For stocks, XM Group stands out by offering exchange-traded shares on both U.S. and international exchanges (think Apple on NASDAQ and Vodafone in London), while IronFX does not offer exchange-traded stocks. Overall, XM Group earns 4.5/5 stars for Range of Investments and ranks #25 out of 63 brokers on ForexBrokers.com; IronFX scores 3.5/5 stars and ranks #52.

Feature XM Group logoXM Group
IronFX logoIronFX
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 1394 340
Forex Pairs (Total) info 55 83
U.S. Stocks (Shares) info Yes No
Global Stocks (Non-U.S. Shares) info Yes No
Copy Trading info Yes Yes
Cryptocurrency (Underlying) info No No
Cryptocurrency (CFDs) info 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.

Trading platforms and tools

XM Group and IronFX both cover the essentials for trading platforms and tools. Each broker offers a free demo (paper) account, has no in-house platform, and supports MetaTrader 4 on both web and Windows desktop. Copy trading is available at both, and you can place trades directly from charts. The standout difference is platform choice: XM Group also offers MetaTrader 5, while IronFX does not. If you want access to MT5’s newer interface and added features, XM Group has the edge; if you’re happy with MT4, both brokers provide a familiar setup.

According to ForexBrokers.com’s ratings for Trading Platforms and Tools, XM Group earns 4 stars (ranked 33rd out of 63), while IronFX scores 3.5 stars (ranked 62nd). Because both lean on MetaTrader, you can expect well-known charting, technical studies, drawing tools, watchlists, and chart-based order entry. In short, choose XM Group if you want both MT4 and MT5; pick IronFX if MT4 alone fits your needs.

Feature XM Group logoXM Group
IronFX logoIronFX
Virtual Trading (Demo) info Yes Yes
Proprietary Desktop Trading Platform info No No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Copy Trading info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes No
Charting - Indicators / Studies (Total) info 30 30
Charting - Trade From Chart info Yes Yes

Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.

Forex trading apps

XM Group and IronFX both deliver mobile trading apps for iPhone and Android, complete with price alerts, 30 technical indicators for charting, and the ability to draw trendlines. A key difference is watchlists: XM Group syncs your watchlist between the mobile app and your online account, while IronFX does not. On the flip side, IronFX auto-saves your chart drawings, whereas XM Group does not—so pick based on whether synced watchlists or saved annotations matter more to you.

For overall quality, XM Group earns 4 stars and ranks #31 out of 63 brokers for Mobile Trading Apps on ForexBrokers.com. IronFX is rated 3.5 stars and ranks #63 out of 63. If you want higher-rated mobile performance and synced watchlists, XM Group is the stronger fit; if auto-saving chart drawings is your priority, IronFX has that covered.

Feature XM Group logoXM Group
IronFX logoIronFX
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Price Alerts info Yes Yes
Mobile Watchlists - Syncing info Yes No
Mobile Charting - Indicators / Studies info 30 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info No Yes
Mobile Watchlist [DELETED] info

Dive deeper: Best Forex Trading Apps.

Market research

Comparing XM Group vs IronFX for market research: both brokers publish daily market commentary and stream forex news from leading sources such as Bloomberg, Reuters, or Dow Jones. Each includes Trading Central tools for technical and fundamental insights and provides an economic calendar. Neither integrates Autochartist. XM Group does not offer TipRanks or Acuity Trading tools, while IronFX does not specify whether it supports TipRanks or Acuity Trading.

Key differences: XM Group offers a sentiment tool that shows the ratio of long vs short positions; IronFX does not. For research quality, XM Group earns 5 stars and ranks #8 out of 63 brokers at ForexBrokers.com, while IronFX earns 4 stars and ranks #29. If you want built-in sentiment data alongside news, commentary, Trading Central, and a calendar, XM Group has the edge. If your focus is mainly on daily commentary, premium news, and Trading Central, both platforms cover the basics well.

Feature XM Group logoXM Group
IronFX logoIronFX
Daily Market Commentary (Articles) info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No No
Trading Central info Yes Yes
Client sentiment data info Yes No
TipRanks info No
Acuity Trading info No
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

For beginner traders comparing XM Group vs IronFX on education, both brokers offer at least 10 beginner-friendly trading videos that explain core forex and CFD concepts in plain terms. XM also hosts client webinars at least once a month, which can be helpful for learning live with instructors; IronFX does not offer monthly educational webinars. We couldn’t confirm whether either broker provides a searchable archive of past webinars, nor whether they publish a large investor dictionary (50+ terms). It’s also not confirmed whether each broker meets the broader “10+ total education pieces” bar beyond the video libraries.

When it comes to depth, XM offers at least 10 advanced trading videos for experienced learners, while IronFX does not. This difference is reflected in independent reviews: XM earns 5 stars for Education and ranks #7 out of 63 brokers on ForexBrokers.com, whereas IronFX earns 4 stars and ranks #44. In short, both are suitable for beginners seeking video-based forex and CFD education, but XM stands out if you value ongoing webinars and more advanced learning paths.

Feature XM Group logoXM Group
IronFX logoIronFX
Webinars info Yes No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes No

Dive deeper: Best Forex Brokers for Beginners.

Winner

After testing 63 of the best forex brokers, our research and account testing finds that XM Group is better than IronFX. XM Group finished with an overall rank of #17, while IronFX finished with an overall rank of #48.

XM Group is a MetaTrader-only broker that offers a strong selection of high-quality educational content and market research.

Feature XM Group logoXM Group
IronFX logoIronFX
Overall Rating info 4.5/5 Stars 4/5 Stars
Trust Score info 93 83
Range of Investments 4.5/5 Stars 3.5/5 Stars
Commissions & Fees 4/5 Stars 4/5 Stars
Platforms & Tools 4/5 Stars 3.5/5 Stars
Research 5/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 3.5/5 Stars
Education 4.5/5 Stars 3.5/5 Stars

FAQs

Can you trade cryptocurrency with XM Group or IronFX?

Both XM Group and IronFX do not offer the option to buy actual delivered cryptocurrency, but they do provide the ability to trade cryptocurrency derivatives.

What funding options does each broker offer?

In the XM Group vs IronFX comparison of deposit and withdrawal methods, neither broker supports ACH or SEPA transfers or PayPal, both support Skrill and bank wire transfers, and Visa/Mastercard availability is not specified for either.

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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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Overall Rating XM Group IronFX
Overall Rating info 4.5/5 Stars 4/5 Stars
Commissions & Fees 4/5 Stars 4/5 Stars
Range of Investments 4.5/5 Stars 3.5/5 Stars
Platforms & Tools 4/5 Stars 3.5/5 Stars
Mobile Trading 4/5 Stars 3.5/5 Stars
Research 5/5 Stars 4/5 Stars
Education 4.5/5 Stars 3.5/5 Stars
Trust Score info 93 83
Winner check_circle
Review XM Group Review
Broker Screenshots XM Group IronFX
Broker Gallery (click to expand) info
XM MetaTrader 5 mobile trading app XM MetaTrader 5 desktop trading platform. XM research articles market news and analysis XM educational content forex course chapters.
Regulation XM Group IronFX
Trust Score info 93 83
Year Founded info 2009 2010
Publicly Traded (Listed) info No No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes Yes info
Tier-1 Licenses info 4 3
Tier-2 Licenses info 1 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 1
Tier-1 Licenses (Highly Trusted) XM Group IronFX
Australia (ASIC Authorised) info Yes Yes
Canada (CIRO Authorised) info No No
Hong Kong (SFC Authorised) info No No
Japan (SFC Authorised) info No No
Singapore (MAS Authorised) info No No
Switzerland (FINMA Authorised) info
United Kingdom (U.K.) (FCA Authorised) info No Yes
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes Yes info
Tier-2 Licenses (Trusted) XM Group IronFX
Kenya (CMA Authorised) info
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info Yes No
UAE (DFSA, FSRA, or SCA Authorised) info Yes No
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info
Investments XM Group IronFX
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 1394 340
Forex Pairs (Total) info 55 83
U.S. Stocks (Shares) info Yes No
Global Stocks (Non-U.S. Shares) info Yes No
Copy Trading info Yes Yes
Cryptocurrency (Underlying) info No No
Cryptocurrency (CFDs) info 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 XM Group IronFX
Average Spread EUR/USD - Standard info 1.6 info 1.2
All-in Cost EUR/USD - Active info 0.8 info N/A
Inactivity Fee info Yes No
Order execution: Agency info No Yes
Order execution: Market Maker info Yes Yes
Funding XM Group IronFX
Minimum Deposit info $5 $50
PayPal (Deposit/Withdraw) info No No
Skrill (Deposit/Withdraw) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
Non-wire bank transfer info No No
Trading Platforms XM Group IronFX
Proprietary Desktop Trading Platform info No No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Copy Trading info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes No
cTrader info No No
Trading Tools XM Group IronFX
Virtual Trading (Demo) info Yes Yes
Price Alerts info Yes Yes
Charting - Indicators / Studies (Total) info 30 30
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading XM Group IronFX
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Price Alerts info Yes Yes
Mobile Watchlist [DELETED] info
Mobile Watchlists - Syncing info Yes No
Mobile Charting - Indicators / Studies info 30 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info No Yes
Mobile Research - Economic Calendar info Yes Yes
Research XM Group IronFX
Daily Market Commentary (Articles) info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No No
Trading Central info Yes Yes
TipRanks info No
Client sentiment data info Yes No
Economic Calendar info Yes Yes
Education XM Group IronFX
Webinars info Yes No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes No
Major Forex Pairs XM Group IronFX
GBP/USD [DELETED] info
USD/JPY [DELETED] info
EUR/USD info Yes Yes
USD/CHF [DELETED] info
USD/CAD [DELETED] info
NZD/USD [DELETED] info
AUD/USD [DELETED] info
Review XM Group Review
Overall XM Group IronFX
Overall Rating info 4.5/5 Stars 4/5 Stars
Commissions & Fees 4/5 Stars 4/5 Stars
Range of Investments 4.5/5 Stars 3.5/5 Stars
Platforms & Tools 4/5 Stars 3.5/5 Stars
Mobile Trading 4/5 Stars 3.5/5 Stars
Research 5/5 Stars 4/5 Stars
Education 4.5/5 Stars 3.5/5 Stars
Trust Score info 93 83
Winner check_circle
Review XM Group Review
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