Compare Interactive Brokers Vs IronFX: Which is the Better Forex Broker in 2024?
Interactive Brokers Vs IronFX, which one is better? Both brokers are often compared to each other to find which one comes out to be the better one. What many traders may not comprehend is that the best choice may differ for every one of them, and there's nothing wrong with it. To make it easier for you to decide which one is the best between Interactive Brokers Vs IronFX, here is the direct comparison:
Feature | Interactive Brokers | IronFX |
General Rating |
2.42/5 |
2.39/5 |
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Score | 66 | 65 | |
Trustpilot |
3.5/5 2644 users |
3.8/5 388 users |
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💼 Regulation | |||
❗Info | |||
⌛ Established | 1977 | 2010 | |
💲 Min Deposit | $10000 | $100 | |
⚖ Max Leverage | 1:100 | 1:30 | |
🔢 Spread | Fixed | Fixed | |
💸 Commissions | $18 | ||
💡 Min Position | 0.25 lot | 0.01 lot |
💳 Payment | Wire transfer, Check and BPAY | Skrill, Wire transfer, Credit/debit cards, Neteller, UnionPay, Perfect Money, Local bank transfer, FasaPay, Crypto and Ethereum | |
🏢 Office(s) |
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🧩 Demo Account | |||
📁 Segregated Account | |||
🕋 Islamic Account | |||
👨💻 PAMM Account | |||
📈 Managed Account | |||
LAMM Account | |||
MAM Account |
💱 Hedging | |||
🇺🇸 US traders | |||
📫 Requires sending documents via postal mail | |||
🕛 Swaps | |||
☎️ Trading by telephone |
🏆 Trading contests | |||
⚡ Automated trading | |||
💰 Bonus offers | |||
📖 Free education | |||
👔 Affiliate program |
1️⃣ One-click trading | |||
⏱ Trailing stop | |||
⏳ Pending orders |
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🗣 Website Languages | German, Spanish, French, Italian, Japanese, Russian, Chinese | Arabic, Czech, German, Greek, English, Spanish, Persian, French, Indonesian, Italian, Japanese, Korean, Malay, Dutch, Portuguese, Russian, Chinese |
🚪 Trade Now | Open Interactive Brokers | Open IronFX |
Testimonials
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Interactive Brokers: I have worst CS moment here. They are a bit...
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Interactive Brokers: While the platform is good. When you have a problem...
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Interactive Brokers: The web site does not always connect you may have...
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Interactive Brokers: The platform is absolutely solid and the folks at IB...
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Interactive Brokers: Pros: Fast, InexpensiveCons: Terrible Scanner, Horrible Charts, Customer Services
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Interactive Brokers: I have worst CS moment here. They are a bit...
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Interactive Brokers: While the platform is good. When you have a problem...
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Interactive Brokers: The web site does not always connect you may have...
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Interactive Brokers: The platform is absolutely solid and the folks at IB...
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Interactive Brokers: Pros: Fast, InexpensiveCons: Terrible Scanner, Horrible Charts, Customer Services
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IronFX: The most amazing educational resources.
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IronFX: Diversity of services
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IronFX: One-way ticket
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IronFX: Trading with profit
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IronFX: Range of assets
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Interactive Brokers: I have worst CS moment here. They are a bit...
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See More Interactive Brokers Testimonials
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See More IronFX Testimonials
News
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IronFX Faces Leadership Change as George Kyriakoudes Steps Down
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Interactive Brokers Forex Broker Sees 11% Jump in DARTs
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Interactive Brokers Rocks Q4: Strong Revenue Led by Options Surge
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Interactive Brokers Continues Success, Surpassing 2.5 Million Clients
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Elevate Your Trading Expertise at IronFX Academy
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Interactive Brokers Merging Europe and Ireland Office
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Interactive Brokers Trading Volume in August Remains Flat
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Interactive Brokers Reported Decline Revenue and High DART
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Interactive Brokers Adds European Stocks for Clients
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Interactive Brokers Reports Growth in DARTs and Client Accounts in May
Bonus
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- Comparison List
Which one has the better spread?
Considering that spread is a trading cost, the lower the spread, the better it is for traders. However, spread information among brokers is not easy to get, as not every broker transparently publishes their spreads data.
However, traders can still choose their ideal brokers by the type of their spreads. The most two popular types of spread are fixed and variable. The pros and cons between the two spreads can vary for every trader. In this case, Interactive Brokers provides their pricing with Fixed spread while IronFX offers Fixed spread.
Interactive Brokers vs IronFX: Who hosts the best trading platform?
The trading platform is essential as you can't execute a trade without it. Additionally, trading platforms provide price charts and an assortment of analytical tools to help traders with their strategies.
To support their clients, Interactive Brokers enables trading with Web Trader (SerSart), FX-Trader, Trader Workstation. The offer is supported with One-click trading, Trailing stop, Pending orders. In comparison, IronFX provides trading with MetaTrader 4, MetaTrader 5 with the support of One-click trading, Trailing stop, Pending orders.
Is Interactive Brokers or IronFX better in providing the trading instruments?
It is widely known that forex brokers offer other trading instruments other than currency pairs. The offer gives interesting choices for traders to explore other markets that may be proven beneficial for them and to diversify their trading portfolios.
In this case, Interactive Brokers supports trading with Forex, Gold & silver, CFD, Stocks, Options, Futures, Bonds, ETF, Crypto, while IronFX presents the ability of trading with Forex.
In conclusion, deciding the better broker eventually comes down to your consideration. If you are an active trader, it is better to choose a broker with a variable spread that is generally lower than the fixed one. For the trading platform, MetaTrader 4 is the standard choice for every trader. But if you want to have a different experience with a more advanced platform, choose the broker that provides alternative platforms. The same goes for trading instruments; if you want to try delving into different markets, seek for a broker with more options on trading instruments.
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