Compare Firstrade vs IronFX


Online brokers compared for fees, trading platforms, safety and more. See how Firstrade stacks up against IronFX!

Firstrade vs IronFX
overall rating
4.5
4.0
overall pros
  • Free stock, ETF, fund, and options trading
  • Solid research tools
  • Quality educational tools
  • Low fees
  • Great deposit and withdrawal
  • User-friendly account opening
overall cons
  • No credit/debit cards and electronic wallets for money transfer
  • You can trade only on US markets
  • No live chat and 24/7 availability
  • Poor customer support
  • Only forex and CFD products
  • Limited educational tools
fees
4.5
  • Low trading fees
  • Low non-trading fees
  • Free stock, ETF, fund and options trading
  • High margin rates
4.4
  • Low trading fees
  • No withdrawal fee
  • No inactivity fee
  • Higher stock CFD fees
account opening
4.4
  • Fully digital
  • No minimum deposit
  • Low minimum deposit
  • Slow account verification
4.4
  • Fully digital
  • No minimum deposit
  • User-friendly
  • Slower account verification
deposit and withdrawal
1.8
  • No deposit fee
  • User-friendly
  • Credit/Debit card not available
  • High outgoing wire transfer fee
5.0
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
web trading platform
4.3
  • User-friendly
  • Clear fee report
  • Good search function
  • No two-step (safer) login
2.8
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Order confirmation
  • No two-step (safer) login
  • No price alerts
mobile trading platform
3.3
  • User-friendly
  • Good search function
  • Good variety of order types
  • No two-step (safer) login
  • No price alerts
  • Mutual funds and bonds are not covered
3.8
  • User-friendly
  • Good search function
  • Price alerts
  • No two-step (safer) login
  • No Touch/Face ID login
  • No order confirmation
desktop trading platform
3.3
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Price alerts
  • No two-step (safer) login
  • Poor design
markets and products
2.8
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
1.8
  • Forex
  • CFD
research
4.8
  • Good interactive chart
  • Trading ideas
  • Data on asset fundamentals
2.3
  • Great analysis written by IronFX experts
  • No fundamental data available
  • Poor design of charting tools
  • Poor quality news feeds
customer service
2.9
  • Phone support
  • Relevant answers
  • No live chat
  • No 24/7 support
1.5
  • Great email support
  • No 24/7 support
  • Slow live chat
  • No response on the phone
education
3.5
  • Trading platform tutorial
  • Educational videos
  • No demo account
1.5
  • Demo account
  • No trading platform tutorial videos
  • No educational videos
  • No webinars
  • Majority of clients belong to a top-tier financial authority
  • High level of investor protection
  • No negative balance protection
  • Does not hold a banking license
  • Not listed on stock exchange
  • Negative balance protection
  • FCA-regulated
  • Does not hold a banking license
  • Not listed on stock exchange
  • Financial information is not publicly available
recommended for Beginners and investors looking for zero-commission trading, focusing on the US market Forex and CFD traders familiar with the MetaTrader 4 trading platform
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