Company Summary
No data
WikiFX, as an independent third-party information service platform, is dedicated to providing users with comprehensive and objective broker regulatory information services. WikiFX does not directly engage in any forex trading activities, nor does it offer any form of trading channel recommendations or investment advice. The ratings and evaluations of brokers by WikiFX are based on publicly available objective information and take into account the regulatory policy differences of various countries and regions. Broker ratings and evaluations are the core products of WikiFX, and we firmly oppose any commercial practices that may compromise their objectivity and fairness. We welcome supervision and suggestions from users worldwide. To report any concerns, please contact us: report@wikifx.com
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IronFX , FOREX EXCHANGE Broker Comparison
Do you want to know which is the better broker between IronFX and FOREX EXCHANGE ?
In the table below, you can compare the features of IronFX , FOREX EXCHANGE side by side to determine the best fit for your needs.
- Rating
- Basic Information
- Benchmark
- Account Information
- Relevant information
- Relevant exposure
- Rating
- Basic Information
- Benchmark
- Account Information
- Relevant information
- Relevant exposure
2 brokers in total
Rating
Score
Regulatory Status
WikiFX Guarantee
WikiFX Survey
Risk Evaluation
Exposure
Official website
Basic Information
Established(years)
Regulatory license
MT4
MT5
Crypto
Deposit and withdrawal method
Benchmark
environment rating
Transaction Speed
Transaction speed rating
Average transaction speed(ms)
The highest transaction speed(ms)
The highest speed of opening positions(ms)
The highest speed of closing position(ms)
Slowest transaction speed(ms)
The lowest speed of opening positions
(ms)
The lowest speed of closing position(ms)
Trading slippage
Transaction slippage rating
Average slippage
Maximum transaction slippage
Maximum positive slippage
Maximum negative slippage
Transaction Cost
Transaction cost rating
- Average transaction cost (USD/Lot)
Rollover Cost
Rollover cost rating
- Average Rollover Cost (USD/Lot)
Disconnection results
Software disconnection rating
Average disconnection frequency (times/day)
Reconnection time(ms)
Account Information
Accounts
Account name
Products
Deposit REQ
Maximum Leverage
Spread of majors
Forced Liquidation Ratio
Spread Types
Minimum Position
Crypto
Lock postition
Scalping
EA trading
Pin on the left
7.85
Regulated
No guarantee
--
--
--
10-15 years
CYSEC,FCA,FSCA
Supported
Not supported
--
AA
AA
409.9
141
141
156
1999
1999
1719
AA
EURUSD：-0.1
EURUSD：-1.6
17
-6
17
A
EURUSD：19.43
XAUUSD：23.65
AA
EURUSD： -9.75 ~ 1.01
XAUUSD： -16.95 ~ 14.1
AA
0.2
22
Absolute Zero,Zero Spread,No Commision,Live Zero Fixed Spread,VIP,Premium,Standard
Forex, Metals, Indices, Commodities
--
1:200
--
--
--
0.01
--
Pin on the left
8.36
Regulated
No guarantee
--
15-20 years
FSA
Supported
Not supported
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
Score
Regulatory Status
Regulated
Regulated
BrokerRelevant information
FOREX EXCHANGE BrokerRelevant exposure
Which broker is more reliable?
You can determine the reliability and credibility of a broker by checking four factors:
1.Forex broker introduction。
2.Are the transaction costs and expenses of ironfx, forex-exchange lower?
3.Which broker is safer?
4.Which broker provides better trading platform?
Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:
Forex broker introduction
ironfx
Note: IronFX's official website:https://www.ironfx.com/en/ is currently inaccessible normally.
| IronFXReview Summary | |
| Founded | 2008 |
| Registered Country/Region | Cyprus |
| Regulation | CYSEC, FCA, FSCA |
| Market Instruments | 300+ instruments, including Forex, Metals, Indices, Commodities, Futures and Shares |
| Account Type | Standard, Premium, VIP, Live Zero Fixed Spread |
| Leverage | Up to 1:1000 |
| Spread | 0.0 pips |
| Trading Platform | MT4, WebTrader |
| Deposit and withdrawal methods | VISA, Bank Wire, Master Card, Maestro, Skrill, Neteller, DotPay |
| Customer Support | 24/5, Email, phone number |
IronFX Information
IronFX, founded in 2008, is a brokerage registered in Cyprus. It provides more than 300 types of instruments. The trading instruments it provides cover forex, metals, indices, commodities, futures and shares. The Whois website shows that the registration date of this dealer is 2008-02-10.
Pros and Cons
| Pros | Cons |
| Regulated | High commissions |
| Multiple trading assets | Too high maximum leverage |
| MT4 supported | No live chat support |
| No withdrawal fees |
Is IronFX Legit?
IronFX is regulated by Cyprus. It has 3 types of licenses - CYSEC License, FCA License, FSCA License.
| Regulated Country | Regulated Authority | Regulated Entity | License Type | License Number | Current Status |
| Cyprus | CYSEC | Notesco Financial Services Ltd | Market Making(MM) | 125/10 | Regulated |
| United Kingdom | FCA | Notesco Limited | Straight Through Processing(STP) | 585561 | Regulated |
| South Africa | FSCA | NOTESCO SA (PTY) LTD | Financial Service Corporate | 45276 | General Registration |
What Can I Trade on IronFX?
IronFX provides over 300 instruments - which offers traders the opportunity to trade forex, metals, indices, commodities, futures and shares.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Metals | ✔ |
| Indices | ✔ |
| Commodities | ✔ |
| Futures | ✔ |
| Shares | ✔ |
| Stocks | ❌ |
| Energies | ❌ |
| Cryptocurrencies | ❌ |
| Bonds | ❌ |
| Derivatives | ❌ |
| Options | ❌ |
Account Types
IronFX offers four types of accounts for traders - Standard, Premium, VIP, Live Zero Fixed Spread. It also provides Islamic Accounts.
| Account Type | Standard | Premium | VIP | Live Zero Fixed Spread |
| CFD Instruments | Forex, metals, indices, commodities, futures and shares. | Forex, metals, indices, commodities, futures and shares. | Forex, metals, indices, commodities, futures and shares. | Forex, metals, indices, commodities, futures and shares. |
| Minimum Lot Side | 0.01 | 0.01 | 0.01 | 0.01 |
| Spread | 1.8-1.9 pips | 1.4-1.7 pips | 1.2-1.5 pips | 0 |
| Leverage | 1000 | 1000 | 1000 | 500 |
| Commission | ❌ | ❌ | ❌ | ✔ |
| SWAP | ✔ | ✔ | ✔ | ✔ |
| Islamic Account | ✔ | ✔ | ✔ | ✔ |
IronFX Fees
IronFX's spreads are different for account types. Standard Account's spread is 1.8-1.9 pips. Premium Account's spread is 1.4-1.7 pips. VIP Account's spread is 1.2-1.5 pips. These three types of accounts all charge no commissions.
Live Zero Fixed Spread's spread is 0, but it charges commissions. IronFX charges SWAP fees. But there is no detail information about commissions and SWAP.
Trading Platform
IronFX's trading platform is MT4, WebTrader, IronFX's mobile app and Web app, which supports traders on PC, Mac, iPhone and Android.
| Trading Platform | Supported | Available Devices |
| MT4 | ✔ | Web, Mobile |
| WebTrader | ✔ | Web |
| IronFX's mobile app | ✔ | Mobile |
| Web app | ✔ | Mobile |
Deposit and Withdrawal
IronFX offers a variety of deposit and withdrawal options for traders - VISA, Bank Wire, Master Card, Maestro, Skrill, Neteller, DotPay. IronFX charges no withdrawal fees.
Deposit
| Credit Card/Debit Card | Deposit Fees | Maximum transaction amount |
| VISA | None | USD 50,000 per transaction |
| MasterCard | None | USD 50,000 per transaction |
| Maestro | None | USD 50,000 per transaction |
| Bank wire | Depends on the corresponding and intermediary banks.IronFX does not apply any fees. | |
| Skrill | Deposit Fees | USD 50,000 per transaction |
| Neteller | Deposit Fees | Maximum transaction amount |
| DotPay | Deposit Fees | PLN 200,000 |
Withdrawal
| Credit Card/Debit Card | Withdrawal Fees | Maximum transaction amount |
| VISA | up to EUR 1.5 per transaction | USD 50,000 per transaction |
| MasterCard | up to EUR 1.5 per transaction | USD 50,000 per transaction |
| Maestro | up to EUR 1.5 per transaction | USD 50,000 per transaction |
| Skrill | 1% capped to USD 10,000 | Maximum transaction amount |
| 1% capped to USD 10,000 | USD 50,000 per transaction | |
| Neteller | 2% capped to USD 30.00 / minimum USD 1.00 per transaction | Maximum transaction amount |
| 2% capped to USD 30.00 / minimum USD 1.00 per transaction | USD 50,000 per transaction | |
| DotPay | N/A | PLN 200,000 |
forex-exchange
| FOREX EXCHANGEReview Summary | |
| Founded | 2004 |
| Registered Country/Region | Japan |
| Regulation | Regulated |
| Market Instruments | Currencies |
| Demo Account | ✅ |
| Leverage | / |
| Spread | / |
| Trading Platform | MT4 |
| Min Deposit | / |
| Customer Support | Phone: 0120-555-729 |
| Email: support@forex-exchange.co.jp | |
| Physical Address: 〒 103-0025Tokyo chuo ward kaya, the nihonbashi 2-1-1 second securities pavilion | |
FOREX EXCHANGE Information
FOREX EXCHANGE, incorporated in Japan in 2004. Currently regulated by the FSA, it allows traders to trade currency pairs through MT4 and supports free trading fees. But it did not provide specific information about the accounts.
Pros and Cons
| Pros | Cons |
| Regulated by FOREX EXCHANGE | No account details |
| Support MT4 | |
| Transaction fee, stop loss fee and account maintenance fee are 0 yen |
Is FOREX EXCHANGE Legit?
| Regulated Country/Region |  |
| Regulated Authority | FSA |
| Regulated Entity | FOREX EXCHANGE株式会社 |
| License Type | Retail Forex License |
| License Number | 関東財務局長(金商)第293号 |
| Current Status | Regulated |
What Can I Trade on FOREX EXCHANGE?
It can mainly trade 25 currencies.
| Tradable Instruments | Supported |
| Currencies | ✔ |
| Precious metals & Commodities | ❌ |
| Indices | ❌ |
| Stocks | ❌ |
| Bonds | ❌ |
| ETF | ❌ |
Account Types
The account opening process is as follows, consisting of four steps. You may refer to:
FOREX EXCHANGE Fees
Transaction fee, stop loss fee and account maintenance fee are 0 yen. Deposits of more than 1 billion yen will be charged.
Trading Platform
FOREX EXCHANGE offers MT4 for trading on desktop, mobile and tablet.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Desktop, Mobile, Tablet | Beginner |
| MT5 | ❌ |
Deposit and Withdrawal
Withdrawals must be made from the website and can only be made in Japanese yen.
The withdrawal fee is free in principle. For withdrawals of less than 10,000 yen and withdrawals of more than 5 times per month, 540 yen will be charged per withdrawal.
The money will be remitted to your registered financial institution account within 4 working days.
Deposits can be made through regular bank transfers and fast deposits, with no minimum amount limit. Payment in Japanese yen only.
Are the transaction costs and expenses of ironfx, forex-exchange lower?
To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).
To get a comprehensive understanding of how cheap or expensive ironfx and forex-exchange are, we first considered common fees for standard accounts. On ironfx, the average spread for the EUR/USD currency pair is -- pips, while on forex-exchange the spread is --.
Which broker between ironfx, forex-exchange is safer?
To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.
ironfx is regulated by CYSEC,FCA,FSCA. forex-exchange is regulated by FSA.
Which broker between ironfx, forex-exchange provides better trading platform?
When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.
ironfx provides trading platform including Absolute Zero,Zero Spread,No Commision,Live Zero Fixed Spread,VIP,Premium,Standard and trading variety including Forex, Metals, Indices, Commodities. forex-exchange provides trading platform including -- and trading variety including --.