FBS vs IronFX

FBS vs IronFX Comparison Table 2023
FBS IronFX
4.3
3.8
United States Flag Traders from US not accepted
United States Flag Traders from US not accepted

FBS is an award-winning forex and CFD broker based in Cyprus. The broker has a strong global reputation with authorization from the CySEC and ASIC, amongst others regulators. The brand has clients in over 190 countries, attracted by a diverse range of markets, the reputable MetaTrader platforms, plus trading promotions.

IronFX is a multi-regulated broker offering CFD trading on forex, stocks, indices and commodities through the MetaTrader 4 platform. The broker offers various account types with competitive pricing, including spreads from zero on STP/ECN accounts. Leverage varies by regulator between 1:30 and 1:1000.

Bonus Offer
$100 welcome bonus (only available in certain regions) Traders can choose between: 100% unlimited Sharing Bonus – minimum $200 deposit. 40% Power Bonus up to $4,000 – minimum $500 deposit. 20% Iron Bonus up to $2,000 – minimum $100 deposit.
Promotions

FBS: $140 Level Up Bonus

FBS Makes Copytrading Risk-Free On Your First Three Trades

IronFX: Claim A 40% Deposit Boost Up To $4000

IronFX Grand Trading Prix: 3 Laps, 30 Winners, $500K Prize Pot

Comment by Reviewer
"FBS is a great choice for traders of all experience levels and budgets with a range of account types and access to both MetaTrader 4 and MetaTrader 5." "IronFX is a good choice for beginner and intermediate forex traders looking to trade an extensive list of currencies with competitive spreads."
Pros
  • Great choice of account types including crypto, cent and ECN accounts, with decent spreads at 0.7 pips
  • Trusted broker with top-tier licenses, several notable awards and negative balance protection
  • No commission on deposits or withdrawals and low minimum deposits, ideal for beginners
  • NDD technologies ensure fast order execution within 0.4 seconds and no requotes
  • Comprehensive learning section with tailored courses, webinars and trading ideas
  • MT4 and MT5 platforms, plus a proprietary app with accessible 24/7 support
  • IronFX holds licenses with top-tier regulators
  • A choice of welcome bonuses is available to new users
  • The TradeCopier platform facilitates beginner-friendly copy trading
  • Fixed and floating spread trading accounts are available
  • High leverage up to 1:1000 is offered (location dependent)
Cons
  • Fewer account types for UK and EU clients
  • Average spreads on some assets
  • No copy trading
  • Relatively poor selection of non-forex assets
  • No support for MetaTrader 5 platform
  • Sizable fees charged to inactive accounts
Awards
  • Best Customer Service Broker WBO 2022
  • Most Reliable Forex Broker MENA 2020
  • Best Social Trading Application MENA 2020
  • Best Mobile Trading Platform Asia 2020
  • Best FX Broker Europe 2019
  • Most Transparent Forex Broker 2018
  • Best Forex Broker Asia 2018
  • Best Safety of Client Funds Asia 2015
  • Best Online Trading Platform (2019)
  • Best Broker of the Year (2019)
  • Most Trustworthy Forex Broker Global (2019)
  • Best Online Trading & Financial Services Company (2020)
  • Best Online Forex Trading Platform (2021)
  • International Online Currency Trading Platform of the Year (2021)
  • Most Outstanding Online Trading Partners Program (2022)
Instruments
CFDs, forex, indices, shares, commodities, cryptocurrencies Forex, Indices, Shares, Futures, Commodities, Metals (all CFDs)
Demo Account
Yes Yes
Minimum Deposit
$1 $100
Payment Methods
Minimum Trade
0.01 lots 0.01 lots
Regulator
ASIC, CySEC, IFSC, FSCA CySEC, FCA, FSCA, BMA / Bermuda
Margin Trading
Yes Yes
MetaTrader 4
Yes Yes
MetaTrader 5
Yes No
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
No No
Autochartist
No Yes
eSignal
No No
Trading Central
No Yes
STP Account
Yes Yes
ECN Account
Yes Yes
DMA Account
No No
MAM Account
Yes Yes
PAMM Account
Yes Yes
LAMM Account
No Yes
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
Yes Yes
Market Maker
No Yes
P2P Trading
No No
Spot Trading
Yes Yes
Mobile Apps
iOS & Android Android, iOS, WebTrader
Auto Trading
Yes (EAs) EAs
Copy Trading
No Yes
Copy Trading Platform
TradeCopier allows aspiring investors to copy the strategies of top traders in real-time. Funds can be withdrawn at any time with real-time account management features.
Social Trading
No Yes
Trade Signals
MT4 & MT5 Yes
VPS Hosting
Yes Yes
Tournaments
No Yes
Demo Competitions
Yes No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
3%
Islamic Account
Yes Yes
Account Currencies
  • USD
  • EUR
  • USD
  • EUR
  • GBP
  • AUD
  • JPY
  • PLN
  • CZK
Stock Exchanges
Commodities
CFD Trading
Go long or short on an excellent suite of financial markets with leveraged CFDs. Users can choose between three reliable platforms with fast execution, floating spreads from 1 pip and around the clock customer support. IronFX's asset list of 300+ instruments including forex, stocks, commodities and indices are traded via CFDs. Spreads are floating and vary by account type, and maximum leverage from 1:30 to 1:1000 is available depending on your account location.
Leverage
1:30 EU and restricted countries, 1:3000 rest of the world 1:30 (FCA) 1:30 (CySEC) 1:500 (FSCA) 1:1000 (BM)
FTSE Spread
From 0.0 From 140
GBPUSD Spread
From 0.6 From 0.8
Oil Spread
From 0.0 From 3
Stocks Spread
Variable Variable
Forex Trading
Trade 40+ popular majors, minors and exotics with tight spreads. FBS also offers an excellent suite of forex market research and education, including news, courses, and daily analysis. IronFX offers 80 currency pairs with an excellent selection of minors and exotics as well as majors. Trading takes place on the MT4 or a proprietary platform with spreads from zero available to ECN accounts. IronFX offers more currency assets than virtually all competitors.
Forex App

The FBS Trader app allows clients to manage their finances and speculate on 44 forex pairs, among other assets. Instant deposits are available, as well as one-click trading. Users can also conduct technical analysis via interactive charting with multiple indicators. The app is free to download from the respective app stores.

GBPUSD Spread
From 0.6 From 0.8
EURUSD Spread
From 0.5 From 0.7
EURGBP Spread
From 2.1 From 0.9
Assets
44 80+
Cryptocurrency
FBS offers trading on crypto/metal, crypto/crypto or crypto/fiat pairs. A strong selection of 60+ pairs are available, including BTC/USD and BTC/XAU. There is also a dedicated crypto account. Crypto trading not offered
Spread
Floating
Coins
  • ADA
  • ALG
  • AVA
  • BAT
  • BCH
  • BNB
  • BTC
  • DOG
  • DOT
  • DSH
  • EOS
  • ETC
  • ETH
  • FIL
  • IOT
  • LNK
  • LTC
  • MKR
  • MTC
  • NEO
  • OMG
  • SHB
  • SOL
  • TRX
  • UNI
  • VEC
  • XLM
  • XMR
  • XRPZEC
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
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