FTX vs IronFX

FTX vs IronFX Comparison Table 2023
FTX Review 2023	IronFX Review 2023
Review 0.3 FTX is #31 in our crypto broker rankings. FTX and FTX US has filed for Chapter 11 bankruptcy. We strongly advise against making any deposits. The FTX platform has been hacked. A warning has ben issued that the website, platform and app might be infected by trojan malware. We recommend that you refrain from using them.	Review 3.8
Traders from US accepted	Traders from US not accepted See available CFD brokers
FTX is a cryptocurrency exchange that offered a vast array of derivatives products and digital tokens. However, the company collapsed and filed for bankruptcy on November 11, 2022 after a wave of withdrawals revealed that the firm has mismanaged client funds and did not have sufficient liquidity.	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
	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.
Comment by Reviewer
"We don't recommend FTX to crypto investors. The disgraced cryptocurrency exchange failed its customers and its CEO, Sam Bankman Fried, has been arrested."	"IronFX is a good choice for beginner and intermediate forex traders looking to trade an extensive list of currencies with competitive spreads."
Pros
Lower fees than most other cryptocurrency exchanges, thanks to its tiered system An official mobile app is available on both Android and iOS Built-in automated trading through Quant Zone Ability to stake in the exchange using FTT	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
Major safety and security concerns - you should not deposit with this firm Limited options for currency withdrawals compared to other exchanges Country restrictions apply to US citizens No demo account available Withdrawal problems	Relatively poor selection of non-forex assets No support for MetaTrader 5 platform Sizable fees charged to inactive accounts
Awards
	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
Futures, Options, Crypto	Forex, Indices, Shares, Futures, Commodities, Metals (all CFDs)
Demo Account
No	Yes
Minimum Deposit
$1	$100
Trading Platforms
AlgoTrader	MT4 AutoChartist TradingCentral
Payment Methods
Bitcoin Payments Credit Card Silvergate Bank Transfer Wire Transfer	Bitcoin Payments Credit Card Debit Card FasaPay Neteller Perfect Money Skrill UnionPay Wire Transfer
Minimum Trade
$1	0.01 Lots
Regulator
	CySEC, FCA, FSCA, BMA / Bermuda
Margin Trading
Yes	Yes
STP Account
No	Yes
ECN Account
No	Yes
DMA Account
No	No
MAM Account
No	Yes
PAMM Account
No	Yes
LAMM Account
No	Yes
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
No	Yes
Market Maker
No	Yes
P2P Trading
No	No
Spot Trading
No	Yes
Mobile Apps
iOS & Android	Android, iOS, WebTrader
Auto Trading
Yes	Expert Advisors (EAs) on MetaTrader
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
	Yes
VPS Hosting
No	Yes
Tournaments
No	Yes
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
	3%
Islamic Account
No	Yes
Account Currencies
	USD EUR GBP AUD JPY PLN CZK
Stock Exchanges
	Australian Securities Exchange Borsa Italiana CAC 40 Index France DAX GER 40 Index Dow Jones Euronext FTSE UK Index Hang Seng IBEX 35 Japan Exchange Group Nasdaq S&P 500 SIX Swiss Exchange
Commodities
	Cocoa Coffee Copper Corn Cotton Gold Natural Gas Oil Palladium Platinum Silver Soybeans Sugar Wheat
CFD Trading
CFD trading not offered	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 (FCA), 1:30 (CySEC), 1:500 (FSCA), 1:1000 (BM)
FTSE Spread
	From 140
GBPUSD Spread
	From 0.8
Oil Spread
	From 3
Stocks Spread
	Variable
Forex Trading
Forex trading not offered	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.
GBPUSD Spread
	From 0.8
EURUSD Spread
	From 0.7
EURGBP Spread
	From 0.9
Assets
	80+
Cryptocurrency
FTX supports crypto trading on hundreds of major tokens by way of spot trades and derivatives contracts. This includes access to popular cryptos like Bitcoin, Ethereum and Litecoin.	Crypto trading not offered
Spread
Variable
Coins
BTC ETH SOL FTT USDT MATIC BNB XRP DOGE SRM LINK LTC FTM SUSHI RAY UNI STEP AAVE AGLD
Crypto Lending
Yes	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
Yes	No

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