Compare FP Markets vs IronFX


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

FP Markets vs IronFX
overall rating
4.4
4.0
overall pros
  • Low forex fees
  • Easy and fast account opening
  • Quick deposit and withdrawal
  • Low fees
  • Great deposit and withdrawal
  • User-friendly account opening
overall cons
  • High stock CFD fees
  • Limited product portfolio
  • Outdated web and desktop platform
  • Poor customer support
  • Only forex and CFD products
  • Limited educational tools
fees
3.8
  • Low trading fees
  • Low non-trading fees
  • Low forex fees
  • High stock CFD fees
  • High fee for international bank withdrawal
4.4
  • Low trading fees
  • No withdrawal fee
  • No inactivity fee
  • Higher stock CFD fees
account opening
5.0
  • Fast
  • Fully digital
  • No minimum depsoit for forex accounts
  • High minimum account balance for CFD and stock account types
4.4
  • Fully digital
  • No minimum deposit
  • User-friendly
  • Slower account verification
deposit and withdrawal
4.9
  • Credit/Debit card available
  • No deposit fee
  • Several account base currencies
  • Some withdrawal options are not free of charge
5.0
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
web trading platform
2.8
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Order confirmation
  • No two-step (safer) login
  • No price alerts
  • Outdated design
2.8
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Order confirmation
  • No two-step (safer) login
  • No price alerts
mobile trading platform
3.8
  • User-friendly
  • Good search function
  • Price alerts
  • No two-step (safer) login
  • No Touch/Face ID login
  • No order confirmation
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
3.3
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Price alerts
  • No two-step (safer) login
  • Poor design
markets and products
1.9
  • Forex
  • CFD
  • Crypto
  • Real stocks from the Australian market
1.8
  • Forex
  • CFD
research
4.3
  • Trading ideas
  • Data on asset fundamentals
  • User-friendly
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
  • Live chat
  • Great email and phone support
  • No 24/7 support
1.5
  • Great email support
  • No 24/7 support
  • Slow live chat
  • No response on the phone
education
4.0
  • Demo account
  • Trading platform tutorial
  • No webinars
1.5
  • Demo account
  • No trading platform tutorial videos
  • No educational videos
  • No webinars
  • Negative balance protection under CySEC
  • €20,000 investor protection under CySEC
  • Does not hold a banking license
  • No negative balance protection under ASIC
  • No investor protection under ASIC
  • Negative balance protection
  • FCA-regulated
  • Does not hold a banking license
  • Not listed on stock exchange
  • Financial information is not publicly available
recommended for Forex and CFD traders familiar with MetaTrader and IRESS trading platforms Forex and CFD traders familiar with the MetaTrader 4 trading platform
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