IronFX vs FXCM: Which One is Better for You?

IronFX vs FXCM, 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 IronFX vs FXCM, here is the direct comparison:

Go to IronFX

Go to FXCM


General Rating 3.48/5
Trustpilot 2.9/5

rated by 166 users

rated by 44 users

General Information

Office(s) Australia, Cyprus, Czech Republic, South Africa, Spain and United Kingdom Australia, Canada, Chile, France, Germany, Hong Kong, Israel, Italy, Japan, South Africa, United Kingdom and United States
Regulation ASIC 417482
CySEC, 125/10
FCA (UK), 585561
FSCA (South Africa), 45276
ASIC, 309763
CONSOB (Italy) 76
CySEC, 392/20
DMCC (Dubai), 31171
FCA (UK), 217689
ISA (Israel), 2
SFC (Hong Kong), AIM232
Established 2010 1999
Minimum Deposit $100 $1
Maximum Leverage 1:30 1:400
Spread Variable Fixed
Commissions $18 $4
Minimum Position 0.01 lot 0.01 lot
Payment Bitcoin, Credit/debit cards, Ethereum, FasaPay, Local bank transfer, Neteller, Perfect Money, Skrill, UnionPay and Wire transfer Credit/debit cards, Neteller, Skrill and Wire transfer
Official Website Visit IronFX Visit FXCM

Account Variations

Segregated Account
Islamic Account
PAMM Account
Managed Account
LAMM Account
MAM Account
Forex Demo Account

Trading Requirements

US traders are welcome
Requires sending documents via postal mail
Overnight interest rates (swaps)
Trading by telephone

Trading Features

Trading contests
Automated trading
Interest rate on funds
Bonus offers
Free education
Personal manager
Affiliate program

Trading Platforms and Complements

Mobile trading
Browser-based platform
Trading via API
One-click trading
Trailing stop
Pending orders
One-Cancels-Other (OCO) orders

Instruments Traded

Spread betting
Gold & silver
Binary options
Soft commodities

Customer Support

Website Languages Arabic, Chinese, Czech, Dutch, English, French, German, Greek, Indonesian, Italian, Japanese, Korean, Malay, Persian, Portuguese, Russian, Spanish Arabic, Chinese, English, French, German, Greek, Hebrew, Italian, Portuguese, Spanish, Swedish
Email Support
Call Support
Chat Support


General Review Read IronFX Review Read FXCM Review
User Reviews -

Khaerul Anshar

Apr 9 2021

nice broker

Yutian Hao

Sep 8 2020

I wonder how I got so many phone call after registering woth FXCM. Seems like they are selling customer personal details. Beware guys.

Valentino Yang

Sep 7 2020

They never accept my account and when I ask for my deposit back was completely ignored had to file a dispute with my bank. Stay away scammer brokerage.


Sep 7 2020

First, the price is far, very far from the real price and that's making everything false. Also, this broker is very very slow when it comes to support. They're only good when it comes to deposit funds and after that you get no support.
Deposits are half of the time rejected for no reasons.
Very bad experience, wouldn't recommend it.

Jeremy Sullivan

Sep 4 2020

Decent broker, decent trade platform, had some service issues with them and would rate them as an average company.

Bernard L

Sep 4 2020

No issues with withdrawals and fast execution. I like the mobile app.

Willhelm Collins

Sep 4 2020

I'm not a fan of FXCM demo account. They almost don't have support on the desk session. Many times they are overloaded so I must wait like around 20 minutes to get answered.

Fitez Clavench

Sep 4 2020

FXCM spreads are not really that interesting, but I always have my money when I request a withdrawal. Tahye are dependable and seems to be the best broker out there.

Daniel Arledge

Sep 4 2020

Overall FXCM are worth using. But their website interface need to be updgraded. Also their spread could be have better offer.


Sep 4 2020

They are actually a decent broker. But extra fees are too much for small traders and will take away your profit.

Ben Joseph

Sep 4 2020

I've been an active traders since 5 years ago and not long until I joined FXCM. I have the different experience since I got email from them that my account had been terminated without reason. This is the worst example on how you treat your customer.


Sep 4 2020

No complaints about this broker. Does what it says on the tin. Spreads are decent.
No deposit and withdrawal fees are always good to see and the customer service is very helpful.


Sep 4 2020

Excellent broker. I've never had problems withdrawing funds, everything works very well with its original Marketscope 2.0 platform, it's super complete and very efficient. They don't have limitation for pending orders too.


Sep 4 2020

I have traded with FXCM for a long time and although there have been a few issues, overall they have been good. I have traded almost every day in that time. But recently when I placed a trade on the NZD/JPY at the price that was displaying on the FXCM trading station platform, I noticed nothing happened and it went into pending. I then check ed the charts to see that the price was vastly different to that which the trading station was reading, something like an 80 pip difference, I tried several times to cancel the trade whilst it was pending, but the system would not do that. I was really disappointed with the way they handle my complain. I have recommended 6 others to the company over the years as I have always trusted them, but the way they dealt with this issue was really poor.


Sep 4 2020

I do respect all the opinions about this company even the negative ones, but in fact my experience was and still very good with them. My first account was in 2011 (UK Branch) and since then I leave for year or more and come back to the same company many times with ease. I lost money many time but it was my fault and lack of experience. I even recommended this broker to many friends of mine and no one faced any difficulties to withdrawal or even close their accounts. I wish all of you good trading and thanx FXCM.

Annie Bonnie

Sep 4 2020

I have made a deposit of $1000 when my usable margin dropped to 50% in order to avoid margin call by credit card. Normally it will appear in my account immediately due to FXCM website. However, this time it has never come. When I contacted FXCM customer support, they informed me that the new system will take few hours to 1 day for the fund to come, which hasn't been informed on the website nor email.
After that, they kept transferring me around and promised to ask the operation team to expedite my deposit.


Sep 2 2020

My account is still locked since my first deposit, nobody replies my emails, I want my money back.


Sep 1 2020

This company is as bad as its sound. I lost more than 40K with them and they never refund me. Don't deposit or trade there you'll loose big time.

MS Asad

Aug 29 2020

Good spreads withdrawl little delayed though, But got an apology call for the same so it is ok.

Eric S

Aug 25 2020

Bad broker and has terrible trading conditions. Stay away everybody is staying away from them here in the USA.

Rachmidah Wanda

Aug 23 2020

Hi i trade with fxcm close to 1 year now ! everything good ! one thing i don't like with fxcm is withdrawal time take between 2 days and 5 days that just to much !
i hope fxcm make withdrawal time faster.

Start Trading

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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, IronFX provides their pricing with Variable while FXCM offers Fixed.

IronFX vs FXCM: 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, IronFX enables trading with MetaTrader 4, MetaTrader 5. The offer is supported with Mobile trading, One-click trading, Trailing stop, Pending orders. In comparison, FXCM provides trading with MetaTrader 4 (Limited with 30 days), Trading Station II (Limited with 30 days), MirrorTrader, NinjaTrader with the support of Mobile trading, Browser-based platform, One-click trading, Trailing stop, Pending orders.

Is IronFX or FXCM 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, IronFX supports trading with Forex, while FXCM presents the ability of trading with Forex, Gold & silver, CFD, Oil, Indexes, Agriculture, Spread betting, Cryptocurrencies.

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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