VT Markets vs IronFX

VT Markets vs IronFX Comparison Table 2024
VT Markets IronFX
4
3.8

Founded in 2015, VT Markets maintains its position as a top Australian multi-asset CFD broker. With 1000+ tradeable instruments and support for the MetaTrader 4 and MetaTrader 5 platforms, this broker delivers a wide range of day trading opportunities to over 200,000 clients worldwide. VT Markets is regulated by the ASIC, FSCA, and SVGFSA.

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.

Customer Reviews
4.2
Bonus Offer
50% Welcome Bonus 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
"VT Markets is a great choice for regular traders who are looking for very tight spreads and powerful charting software. The broker's share CFD offering is particularly strong, with hundreds of commission-free assets spanning multiple global markets." "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."
Pros
  • Traders can access a range of analysis tools supplied by reputable providers, including Trading Central’s Market Buzz AI tool and a customizable economic calendar
  • Market-leading MetaTrader 4 and MetaTrader 5 charting platforms are offered, with advanced technical capabilities and access to Expert Advisors (EAs)
  • Spreads are competitive based on tests, coming in at 0.2 pips for EUR/USD in the ECN account, aligning with top brands like Pepperstone
  • There’s a strong range of payment methods, including bank wire, credit cards and e-wallets, plus 5 base currencies to choose from
  • VT Markets offers free 90-day demo accounts allowing traders to thoroughly test their short-term strategies
  • A proprietary copy trading service, VTrade, is available on two platforms, with access to 100+ providers
  • You can open an account in less than 5 minutes with just a $100 starting deposit
  • Alongside MT4, the broker continues to offer several additional services, including copy trading, a VPS solution, and PAMM/MAM accounts
  • Fixed and floating spread accounts are available, making IronFX a good choice for both beginners and experienced traders
  • Traders get access to the popular Trading Central research tool, which offers automated AI analytics and 24/7 support
  • IronFX is an established firm and is regulated by several reputable bodies, including the CySEC, FCA and FSCA
  • The broker frequently offers trading competitions with cash prizes, as well as welcome bonuses for new clients
  • The IronFX Academy delivers some excellent educational tools for beginners through to advanced traders
Cons
  • The broker’s bonus schemes have stringent terms and conditions, including restrictions on minimum deposits and payment methods used
  • Unlike similar brands like Fusion Markets, VT Markets does not offer crypto trading
  • It’s a shame that the broker doesn’t offer any additional software such as MT5 or TradingView to give experienced traders more choice
  • Commissions start from $13.50 per lot in the zero-spread accounts, nearly double the industry average
  • Compared to the leading brokers, IronFX offers a relatively small selection of share CFDs
Awards
  • Best Research House Europe 2022
  • Best Forex Broker Australia 2022
  • Best Forex Customer Service 2022
  • Best Forex Mobile App 2022
  • Most Innovative Online Trading Platform 2022
  • 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, Commodities, Stocks, Indices Forex, Indices, Shares, Futures, Commodities, Metals (all CFDs)
Demo Account
Yes Yes
Minimum Deposit
$200 $100
Trading Platforms
  • MT4
  • MT5
  • TradingView
  • TradingCentral
  • MT4
  • AutoChartist
  • TradingCentral
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
ASIC, FSCA, SVGFSA CySEC, FCA, FSCA, BMA / Bermuda
Margin Trading
Yes Yes
STP Account
Yes Yes
ECN Account
Yes Yes
DMA Account
Yes 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
App Review

VT Markets offers a bespoke app with 230+ assets including forex. Traders benefit from 24/5 customer support, a welcome deposit bonus, real-time market news, and hassle-free account management. The app is available to download to Android and Apple devices.

Android App Rating
4.3
iOS App Rating
4.6
Auto Trading
Expert Advisors (EAs) on MetaTrader Expert Advisors (EAs) on MetaTrader
Copy Trading
Yes Yes
Copy Trading Platform
VT Markets continues to offer copy trading via its proprietary service, VTrade. Followers can choose from 100+ strategy providers through a user-friendly platform, whilst providers can boost their earnings through the rebate scheme. 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.
Social Trading
Yes Yes
Trade Signals
Yes 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
$0 3%
Islamic Account
Yes Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • USD
  • EUR
  • GBP
  • AUD
  • JPY
  • PLN
  • CZK
Stock Exchanges
Commodities
CFD Trading
VT Markets offers over 1000+ CFDs spanning currencies, stocks, indices, ETFs and commodities. The MetaTrader charting platforms provide dozens of technical tools alongside integrated market analysis resources and zero restrictions on short-term trading strategies. 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.
Leverage
1:500 1:30 (FCA), 1:30 (CySEC), 1:500 (FSCA), 1:1000 (BM)
FTSE Spread
From 40 140
GBPUSD Spread
0.4 pips 0.8
Oil Spread
From 16 3
Stocks Spread
Variable Variable
Forex Trading
VT Markets offers an average selection of 40+ forex pairs with up to 1:500 leverage. Forex spreads in the ECN account are highly competitive, starting from 0.0 pips, although the 1.2-pip minimum quotes in the Standard account are a little higher than the likes of Pepperstone or IC Markets. 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.
Forex App

VT Markets offers a bespoke app with 230+ assets including forex. Traders benefit from 24/5 customer support, a welcome deposit bonus, real-time market news, and hassle-free account management. The app is available to download to Android and Apple devices.

GBPUSD Spread
0.4 pips 0.8
EURUSD Spread
0.4 pips 0.7
EURGBP Spread
1.4 pips 0.9
Assets
40+ 80+
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