Compare Flatex vs IronFX


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

Flatex vs IronFX
overall rating
4.2
4.0
overall pros
  • Low mutual fund and bond fees
  • Listed on a stock exchange, strong parent company
  • Great educational tools
  • Low fees
  • Great deposit and withdrawal
  • User-friendly account opening
overall cons
  • High fees for stock, ETF, and forex
  • Only bank transfer is available for deposits and withdrawals
  • Complicated account opening for non-German residents
  • Poor customer support
  • Only forex and CFD products
  • Limited educational tools
fees
3.1
  • Low fees for mutual funds and bonds
  • High stock and ETF fees
  • High forex fees
4.4
  • Low trading fees
  • No withdrawal fee
  • No inactivity fee
  • Higher stock CFD fees
account opening
1.8
  • No minimum deposit
  • Low minimum deposit
  • Fully digital account opening for German clients
  • Slow
  • Not fully digital
  • Not user-friendly
4.4
  • Fully digital
  • No minimum deposit
  • User-friendly
  • Slower account verification
deposit and withdrawal
2.5
  • Free withdrawal
  • No deposit fee
  • User-friendly
  • Credit/Debit card not available
  • Only one account base currency
  • Slow withdrawal - over 3 days
5.0
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
web trading platform
3.3
  • User-friendly
  • Two-step (safer) login
  • Good search function
  • No clear fee report available
  • Limited customizability (for charts, workspace)
  • No price alerts
2.8
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Order confirmation
  • No two-step (safer) login
  • No price alerts
mobile trading platform
4.3
  • User-friendly
  • Two-step (safer) login
  • Good search function
  • No price alerts
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
2.8
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • Two-step (safer) login
  • Not user-friendly
  • No clear fee report available
  • Not free of charge
3.3
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Price alerts
  • No two-step (safer) login
  • Poor design
markets and products
4.2
  • Stock
  • ETF
  • Forex
  • Fund
  • Bond
  • CFD
  • Warrant
  • Certificate
  • Turbo
1.8
  • Forex
  • CFD
research
2.8
  • Good interactive chart
  • Data on asset fundamentals
  • No trading ideas
  • No/poor quality news flow
2.3
  • Great analysis written by IronFX experts
  • No fundamental data available
  • Poor design of charting tools
  • Poor quality news feeds
customer service
4.0
  • Phone support
  • Fast response time
  • 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
4.5
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • No educational texts
1.5
  • Demo account
  • No trading platform tutorial videos
  • No educational videos
  • No webinars
  • Majority of clients belong to a top-tier financial authority
  • Banking background
  • 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 Investors and CFD traders speaking German and focusing on European securities Forex and CFD traders familiar with the MetaTrader 4 trading platform
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