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easyMarkets vs IronFX 2022

BrokerNotes.co

Written by BrokerNotes.co

Last updated August 30, 2022
Published April 26, 2022

Trying to decide between easyMarkets and IronFX? We’ve taken the guesswork out of the equation with our Comparison Tool. Use our tool to compare hundreds of data points, side-by-side, to see how these two brokers stack up against each other.

Based on our extensive research, hands-on testing, and expert analysis of over a hundred data-driven variables, we've determined that, overall, easyMarkets ranks more highly than IronFX.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 65% and 82% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Overall Rating expand_moreexpand_less easyMarkets IronFX IG
Overall Rating 7.3 / 10 7.1 / 10 9.7 / 10
Account Type expand_moreexpand_less easyMarkets IronFX IG
Standard Account Yes Yes Yes
Mini Account Yes Yes Yes
Micro Account Yes Yes Yes
Islamic Account Yes No No
Copy Trading expand_moreexpand_less easyMarkets IronFX IG
Social Trading / Copy Trading Yes Yes Yes
DupliTrade No No No
ZuluTrade No No No
Cryptocurrency expand_moreexpand_less easyMarkets IronFX IG
Cryptocurrency (Physical) No No No
Cryptocurrency (CFD) Yes Yes Yes
Bitcoin Yes Yes Yes
ethereum Yes Yes Yes
Forex Trading (Spot or CFDs) expand_moreexpand_less easyMarkets IronFX IG
Forex Trading Yes Yes Yes
Trading - Forex or CFDs Yes Yes Yes
Indices (Index CFDs) expand_moreexpand_less easyMarkets IronFX IG
DAX Yes Yes Yes
Dow Jones Yes Yes Yes
FTSE Yes Yes Yes
NASDAQ 100 Yes Yes Yes
Nikkei Yes Yes Yes
SP 500 Yes Yes Yes
Investments expand_moreexpand_less easyMarkets IronFX IG
Forex Trading Yes Yes Yes
Trading - Forex or CFDs Yes Yes Yes
Spread Betting No No Yes
Social Trading / Copy Trading Yes Yes Yes
Metals Yes Yes Yes
Energies Yes Yes Yes
Agriculturals Yes No Yes
ETF No No Yes
U.S. Stocks (CFD) Yes Yes Yes
Trading Platforms expand_moreexpand_less easyMarkets IronFX IG
Apple iOS App Yes Yes Yes
Android App Yes Yes Yes
Proprietary Platform Yes No Yes
Desktop Platform (Windows) Yes Yes Yes
Web Platform Yes Yes Yes
MetaTrader 4 (MT4) Yes Yes Yes
MetaTrader 5 (MT5) No No No
Regulatory Licenses expand_moreexpand_less easyMarkets IronFX IG
Tier-1 Licenses 1 2 7
ASIC Authorised (Australia) Yes Yes Yes
IIROC Authorised (Canada) No No No
FCA Authorised (U.K.) No Yes Yes
SFC Authorised (Hong Kong) No No No
MAS Authorised (Singapore) No No Yes
FINMA Authorised (Switzerland) No No Yes
CFTC Registered (USA) No No Yes
Tier-2 Licenses 1 1 2
Tier-3 Licenses 1 1 1
Research, Education expand_moreexpand_less easyMarkets IronFX IG
Trading Central (Recognia) Yes Yes No
Forex News (Top-Tier Sources) Yes Yes Yes
Daily Market Commentary Yes Yes Yes
Autochartist No No Yes
Investor Dictionary (Glossary) Yes Yes Yes
Videos - Beginner Trading Videos No Yes Yes
Client Webinars (Archived) No Yes Yes
Trading Costs expand_moreexpand_less easyMarkets IronFX IG
Minimum Initial Deposit $100 $50 £250.00
Average Spread EUR/USD - Standard 0.9 (as of Mar 2020) 1.2 0.86 (September 2022)
All-in Cost EUR/USD - Active 0.9 (as of Mar 2020) -1 0.5957 (September 2022)
Active Trader or VIP Discounts Yes Yes Yes
Bank Wire (Deposit/Withdraw) No Yes Yes
Visa/Mastercard (Credit/Debit) Yes Yes Yes
PayPal (Deposit/Withdraw) No No Yes
Trading Tools expand_moreexpand_less easyMarkets IronFX IG
Watchlists - Total Fields 6 7 14
Mobile Watchlist Yes Yes Yes
Charting - Indicators / Studies (Total) (default MT4) 30 33
Mobile Charting - Indicators / Studies 81 30 33
Trust Factors expand_moreexpand_less easyMarkets IronFX IG
Year Founded 2001 2010 1974
Publicly Traded (Listed) No No Yes
Bank No No Yes
Authorised in European Union Yes Yes Yes
Trust Score 84 84 99
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easyMarkets vs IronFX Comparison

Comparing forex brokers side by side is no easy task. For our 2022 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare easyMarkets vs IronFX.

Can I trust easyMarkets?

easyMarkets has a trust score of 84, giving it a "Trusted" trust label. Here's what each trust score label means:

  • "Highly Trusted" (90-99) - These brokers are considered the most trustworthy firms in the industry. Simply put, we would not hesitate to open and fund an account with a Highly Trusted broker.
  • "Trusted" (80-89) - These brokers are reliable and trustworthy. "Trusted" firms are a solid choice, and may simply hold fewer regulatory licences or feature different corporate structures than those brokers that have earned our top Trust Score rating.
  • "Average Risk" (70-79) - Average Risk brokers are firms we generally consider to be safe, but that may warrant a closer inspection before you open and fund a live trading account. At the least, we always encourage traders to check the regulatory licenses for Average Risk firms to verify that they are regulated in their own country of residence.
  • "High Risk" (60-69) - High-risk firms should be scrutinized and carefully reviewed before opening an account. These forex brokers are – in most cases – operating without credible regulatory licensing, and likely have a history of legal or financial issues. Before considering an account with a high-risk firm, we recommend checking our country guides for your country of residence to see if a more trusted broker is available.
  • "Do Not Trust" (<59) - We do not recommend opening an account of any kind with a broker that earns a “Do Not Trust” rating.

Can I trust IronFX?

IronFX has a trust score of 84, giving it a "Trusted" trust label.

Is easyMarkets a good broker?

easyMarkets provides a trading platform suite that is optimized for ease of use, and features a variety of trading and risk-management tools which are especially helpful for beginners. That said, easyMarkets' pricing is higher than the industry average, and its research materials and range of available symbols are limited compared to the best brokers.

Is IronFX a good broker?

What tier-1 jurisdictions is each broker regulated in?

Tier-1 regulators go above and beyond by requiring additional capital requirements, checking in on brokers more frequently, and putting brokers through a tougher screening process. easyMarkets is ASIC Authorised (Australia), while IronFX is ASIC Authorised (Australia) and FCA Authorised (U.K.)., neither have IIROC Authorised (Canada), SFC Authorised (Hong Kong), CBI Authorised (Ireland), FSA Authorised (Japan), MAS Authorised (Singapore), FMA Authorised (New Zealand), FINMA Authorised (Switzerland) and CFTC Registered (USA)

What tier-2 jurisdictions is each broker regulated in? What about tier-3?

Tier-2 and tier-3 licenses are still important in evaluating the overall trustworthiness of forex brokers. As far as tier-2 licenses go, both easyMarkets and IronFX are CySEC Authorised (Cyprus)., neither have CBRC Authorised (China), SEBI Authorised (India), ISA Authorised (Israel), CBR Authorised (Russia), FSCA Authorised (South Africa), SEC Authorised (Thailand) and DFSA / Central Bank Authorised (UAE). When comparing tier-3 licenses easyMarkets is FSC Authorised (British Virgin Islands), while IronFX is BMA Authorised (Bermuda)., neither have SCB Authorised (Bahamas), IFSC Authorised (Belize), CIMA Authorised (Cayman Islands), FSC Authorised (Mauritius) and VFSC Authorised (Vanuatu).

Which broker offers more trading platforms?

For trading platforms easyMarkets supports a Proprietary Platform and Desktop Platform (Windows), whereas IronFX supports a Desktop Platform (Windows)., neither have cTrader, DupliTrade and ZuluTrade

Does easyMarkets offer MetaTrader? Does IronFX offer MetaTrader?

Both easyMarkets and IronFX offer the whole MetaTrader suite, which consists of both MetaTrader 4 and MetaTrader 5. If you’re new to MetaTrader 4 here’s our educational guide on how to use MT4., neither have MetaTrader 5 (MT5)

How do easyMarkets and IronFX differ in terms of minimum deposit? What about average spreads and funding options?

easyMarkets requires a minimum deposit of $100, while IronFX requires a minimum deposit of $50. From our testing we found easyMarkets offers spreads of 0.9 (as of Mar 2020), while IronFX offers spreads of 1.2. easyMarkets supports Visa/Mastercard (Credit/Debit) and Skrill (Deposit/Withdraw) for popular funding options, where IronFX supports Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit) and Skrill (Deposit/Withdraw)., neither have PayPal (Deposit/Withdraw)

Which brokers offers more tradeable asset classes, easyMarkets or IronFX?

easyMarkets offers a more diverse selection of investment options than IronFX allowing you to trade Forex Trading, Trading - Forex or CFDs, Social Trading / Copy Trading, Metals, Energies, Agriculturals and U.S. Stocks (CFD)., neither have Spread Betting and ETF Looking at total tradeable symbols, easyMarkets has 199, compared to 340 from IronFX.

Can I trade cryptocurrency with easyMarkets or IronFX?

Crypto trading is popular with forex traders. Most crypto assets are offered either as the underlying physical asset or as a CFD or other derivative — including spot forex contracts. In terms of trading physical cryptocurrency neither easyMarkets nor IronFX allow you to trade physical cryptocurrencies.

Who offers more research tools, easyMarkets or IronFX?

Both easyMarkets and IronFX offer a complete suite of research, providing traders with these tools: Daily Market Commentary, Stock Charts, Forex News (Top-Tier Sources), Trading Central (Recognia) and Social Trading / Copy Trading., neither have Autochartist




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