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IronFX
#69 in our CFD broker rankings
Accepts traders from Tuvalu
Rating breakdown
- Regulation & trust4.31.3 higher than MultiBank FX (3.0)
- Assets & markets3.30.3 higher than MultiBank FX (3.0)
- Fees & costs3.80.8 higher than MultiBank FX (3.0)
- Platforms & tools3.80.4 lower than MultiBank FX (4.2)
- Accounts & banking4.30.5 higher than MultiBank FX (3.8)
- Education4.00.7 higher than MultiBank FX (3.3)
- Research4.00.7 higher than MultiBank FX (3.3)
- Customer support4.10.1 higher than MultiBank FX (4.0)
MultiBank FX’s score. Numbers show the difference.
MultiBank FX
#69 in our CFD broker rankings
Accepts traders from Tuvalu
Rating breakdown
- Regulation & trust3.01.3 lower than IronFX (4.3)
- Assets & markets3.00.3 lower than IronFX (3.3)
- Fees & costs3.00.8 lower than IronFX (3.8)
- Platforms & tools4.20.4 higher than IronFX (3.8)
- Accounts & banking3.80.5 lower than IronFX (4.3)
- Education3.30.7 lower than IronFX (4.0)
- Research3.30.7 lower than IronFX (4.0)
- Customer support4.00.1 lower than IronFX (4.1)
IronFX’s score. Numbers show the difference.
| IronFX | MultiBank FX | |
|---|---|---|
| Overview | IronFX is a multi-regulated forex and CFD broker founded in 2010. This award-winning firm offers 500+ markets to over 1.5 million clients across 180 countries. Traders can access various account types with competitive pricing on the MT4 platform, as well as 24/5 customer support in 30 languages. | MultiBank FX is an established broker offering forex and CFD products since 2005. With 20,000+ instruments, plenty of local payment methods and 24/7 multilingual customer support, the broker is a popular choice among traders globally. New clients can also access a variety of bonus offers and access the hugely popular MT4 and MT5 trading platforms. |
| Customer Reviews | Based on 53 customer reviews | – |
| Trustpilot Score | – | |
| 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. | 20% deposit bonus |
| Comment by Reviewer | “IronFX remains a good choice for experienced forex traders looking to trade with fixed or floating spreads. The range of 80+ currencies is more than many competitors and there are some excellent forex market research tools on offer.” | “MultiBank FX is a great option for active forex traders with 55 currency pairs, spreads from 0.0 pips and high leverage up to 1:500.” |
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| Awards | – |
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| Instruments | Forex, Indices, Shares, Futures, Commodities, Metals (all CFDs) | Forex, CFDs, indices, shares, metals, commodities, cryptocurrencies |
| Demo Account | Yes | Yes |
| Minimum Deposit | $100 | $50 |
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| Payment Methods | ||
| Minimum Trade | 0.01 Lots | 0.1 Lots |
| Regulator | FCA, CySEC, FSCA, BVI FSC | SCA, MAS, CySEC, ASIC, AUSTRAC, BaFin, FSC, TFG, VFSC |
| Margin Trading | Yes | No |
| STP Account | Yes | No |
| ECN Account | Yes | Yes |
| DMA Account | No | No |
| MAM Account | Yes | No |
| PAMM Account | Yes | No |
| LAMM Account | Yes | No |
| Demat Account | No | No |
| AI / Machine Learning | No | No |
| Robo Advisor | No | No |
| Negative Balance Protection | Yes | No |
| Market Maker | Yes | Yes |
| P2P Trading | No | No |
| Spot Trading | Yes | Yes |
| Mobile Apps | Android, iOS, WebTrader | Yes |
| Android App Rating | ||
| iOS App Rating | ||
| Auto Trading | Expert Advisors (EAs) on MetaTrader | Yes (APIs) |
| Copy Trading | Yes | Yes |
| Copy Trading Platform | The TradeCopier service allows aspiring investors to copy the strategies of top traders in real-time. The tool is a great way for beginners to learn from more experienced investors, whilst strategy providers can earn performance fees. | Clients can start copy trading in three simple steps at MultiBank FX, gaining access to profitable online traders from around the world. Build a diverse portfolio while learning from experienced investors and saving time on market research. |
| Social Trading | Yes | Yes |
| Trade Signals | Yes | Yes |
| VPS Hosting | Yes | No |
| Tournaments | Yes | No |
| Demo Competitions | No | Yes |
| Ethical Investing | No | No |
| Custodial Account | No | No |
| Guaranteed Stop Loss | No | No |
| Inactivity Fee | $50 | – |
| Islamic Account | Yes | Yes |
| Account Currencies |
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| Stock Exchanges | ||
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| CFD Trading | ||
| Overview | IronFX’s asset list of 300+ instruments covers forex, stocks, commodities and index CFDs. Maximum leverage from 1:30 to 1:1000 is available depending on account location. Day traders can access superb technical analysis features, including 30 pre-integrated indicators and 9 charting time frames. | Access thousands of CFDs with competitive pricing and leverage up to 1:500. A range of asset classes are available, including currencies, shares, indices, metals and commodities. CFDs can be traded on the market-leading MetaTrader platforms. |
| Leverage | 1:30 (FCA), 1:30 (CySEC), 1:500 (FSCA), 1:1000 (BM) | 1:500 |
| FTSE Spread | 140 | Not offered |
| GBPUSD Spread | 0.8 | 0.8 |
| Oil Spread | 3 | 0.03 |
| Stocks Spread | Variable | Variable |
| Forex Trading | ||
| Overview | IronFX continues to offer a strong selection of 80 currency pairs. You can trade through the market-leading MT4 platform with a range of forex market research tools. That said, commission charges in the zero-spread accounts are high, starting from $13.50 per lot. | MultiBank FX offers trading on 50+ major, minor and exotic currency pairs. Spreads are tighter than many competitors and the broker offers higher leverage than most alternatives. Automated trading strategies are also permitted. |
| GBPUSD Spread | 0.8 | 0.8 |
| EURUSD Spread | 0.7 | 0.3 |
| EURGBP Spread | 0.9 | 0.8 |
| Assets | 80+ | 45+ |
| Cryptocurrency | ||
| Overview | Crypto trading not offered | Trade a selection of the top cryptos against the US Dollar, including Bitcoin, Polkadot and Stellar with 50% leverage. Traders also benefit from fast execution speeds of <20ms. |
| Spread | – | Floating |
| Coins | – |
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| Crypto Lending | No | No |
| Crypto Mining | No | No |
| Crypto Staking | No | No |
| Auto Market Maker | No | No |