IG
IronFX
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Overview
IG was founded in 1974 and is headquartered in UK, while IronFX was established in 2010 and is based in Cyprus. Both brokers are regulated by Financial Conduct Authority (FCA), among other authorities. IG serves 178,500+ clients worldwide; IronFX has 10,000+. The minimum deposit is $200 at IG and $500 at IronFX.
| Feature | IG | IronFX |
|---|---|---|
| Min. Deposit | $200 | $500 |
| Regulation | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC) |
| Founded | 1974 | 2010 |
| Country | UK | Cyprus |
| Clients | 178,500+ | 10,000+ |
Fees
Fees are a critical factor when choosing between IG and IronFX, directly affecting your bottom line as a trader. IG has a lower barrier to entry with a minimum deposit of $200 (vs $500 at IronFX). Neither broker charges withdrawal fees. IronFX charges deposit fees; IG does not. Overall, IG scores higher on fees in our assessment.
| Feature | IG | IronFX |
|---|---|---|
| Min. Deposit | $200 | $500 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
IG offers MT4, MT5, cTrader, while IronFX supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Both brokers support copy or social trading, catering to less hands-on investors. The two brokers are closely matched on platform offering.
| Feature | IG | IronFX |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, Mac, Web Trader, L2 Dealer, Tablet & Mobile apps | MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how IG and IronFX compare. IG runs regular live webinars; IronFX does not. Both provide video tutorials. IG publishes daily market commentary; IronFX does not. Both integrate third-party research tools. IG maintains an archive of past webinars for on-demand viewing. IG scores higher overall in education and research.
| Feature | IG | IronFX |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| Autochartist | No | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. IG accepts 3 of the tracked payment methods (bank transfer, credit/debit card, PayPal), while IronFX supports 2 (bank transfer, credit/debit card). IG uniquely supports PayPal among the two brokers. IG scores higher on deposit and withdrawal flexibility.
| Feature | IG | IronFX |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | No |
| Skrill | No | No |
| Neteller | No | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both IG and IronFX offer live chat support. Both provide phone support. Email support is available at both brokers. IG supports 5 languages and IronFX supports 2, giving IG broader global reach. Both brokers are comparable on support quality.
| Feature | IG | IronFX |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, French, German, Spanish, and Portuguese | English, and Chinese |