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IronFX , Ontega Broker Comparison

Do you want to know which is the better broker between IronFX and Ontega ?

In the table below, you can compare the features of IronFX , Ontega 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
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
Forex, Metals, Indices, Commodities
--
1:200
--
--
--
0.01
--
Pin on the left
1.54
Suspicious Clone
No guarantee
--
5-10 years
VFSC
Not supported
Not supported
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--

--

--

--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--

Score
Regulatory Status
Regulated
Suspicious Clone

BrokerRelevant information

Ontega 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, ontega 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
Founded2008
Registered Country/RegionCyprus
RegulationCYSEC, FCA, FSCA
Market Instruments300+ instruments, including Forex, Metals, Indices, Commodities, Futures and Shares
Account TypeStandard, Premium, VIP, Live Zero Fixed Spread
LeverageUp to 1:1000
Spread0.0 pips
Trading PlatformMT4, WebTrader
Deposit and withdrawal methodsVISA, Bank Wire, Master Card, Maestro, Skrill, Neteller, DotPay
Customer Support24/5, 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.

IronFX Information

Pros and Cons

ProsCons
RegulatedHigh commissions
Multiple trading assetsToo high maximum leverage
MT4 supportedNo 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 CountryRegulated AuthorityRegulated EntityLicense TypeLicense NumberCurrent Status
CyprusCYSECNotesco Financial Services LtdMarket Making(MM)125/10Regulated
United KingdomFCANotesco LimitedStraight Through Processing(STP)585561Regulated
South AfricaFSCANOTESCO SA (PTY) LTDFinancial Service Corporate45276General Registration
Is IronFX Legit?
Is IronFX Legit?
Is IronFX Legit?

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 InstrumentsSupported
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 TypeStandardPremiumVIPLive Zero Fixed Spread
CFD InstrumentsForex, 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 Side0.010.010.010.01
Spread1.8-1.9 pips1.4-1.7 pips1.2-1.5 pips0
Leverage100010001000500
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 PlatformSupportedAvailable Devices
MT4Web, Mobile
WebTraderWeb
IronFX's mobile appMobile
Web appMobile

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 CardDeposit FeesMaximum transaction amount
VISANoneUSD 50,000 per transaction
MasterCardNoneUSD 50,000 per transaction
MaestroNoneUSD 50,000 per transaction
Bank wireDepends on the corresponding and intermediary banks.IronFX does not apply any fees.
SkrillDeposit FeesUSD 50,000 per transaction
NetellerDeposit FeesMaximum transaction amount
DotPayDeposit FeesPLN 200,000

Withdrawal

Credit Card/Debit CardWithdrawal FeesMaximum transaction amount
VISAup to EUR 1.5 per transactionUSD 50,000 per transaction
MasterCardup to EUR 1.5 per transactionUSD 50,000 per transaction
Maestroup to EUR 1.5 per transactionUSD 50,000 per transaction
Skrill1% capped to USD 10,000Maximum transaction amount
1% capped to USD 10,000USD 50,000 per transaction
Neteller2% capped to USD 30.00 / minimum USD 1.00 per transactionMaximum transaction amount
2% capped to USD 30.00 / minimum USD 1.00 per transactionUSD 50,000 per transaction
DotPayN/APLN 200,000
ontega
Company Name Ontega
Headquarters Cyprus
Regulations Suspected Fake Clone
Market Instruments Cryptocurrencies, Commodities, Indices, Shares, Currencies
Leverage Varies (e.g., 1:200 for Forex, 1:10 for CFDs on Shares)
Commission Fee Rollover fees
Minimum Deposit $200
Deposit/Withdraw Methods VISA, MasterCard, Maestro, Skrill, Neteller, etc.
Trading Platforms Web-based platform
Customer Support Email, Telephone, WhatsApp
Educational Resources N/A

Overview of Ontega

Ontega is a trading broker headquartered in Cyprus, with a focus on providing access to various financial markets. They offer an array of market instruments, including cryptocurrencies, commodities, indices, shares, and currencies, allowing traders to diversify their portfolios. The platform prides itself on its user-friendly approach, featuring a web-based trading platform that requires no installation, making it accessible from both desktop and mobile devices. Additionally, Ontega provides multiple customer support channels, including email, telephone, and WhatsApp, to assist traders with their inquiries and concerns.

Overview of Ontega

Is Ontega legit or a scam?

Ontega's regulatory status has raised suspicions in the trading community as it lacks clear and established regulatory oversight from recognized financial authorities. Traders are encouraged to exercise caution when considering this platform due to the absence of a well-known regulatory body overseeing its operations. The lack of regulatory oversight can pose potential risks, as traders may not have the same level of protection and assurance as they would with brokers regulated by respected authorities.

Given the concerns surrounding Ontega's regulatory status and the absence of a verifiable track record with recognized regulators, potential investors and traders should conduct thorough research and exercise vigilance. It is crucial to prioritize safety and security when selecting a trading platform, and choosing a broker with a strong regulatory framework can provide an added layer of protection for traders' funds and interests.

Is Ontega legit or a scam?

Pros and Cons

Ontega offers a user-friendly one-click registration process, making it easy for traders to get started quickly. The platform's web-based nature eliminates the need for installations, ensuring accessibility across various devices. It provides a range of trading instruments, including cryptocurrencies, commodities, indices, shares, and currencies, catering to diverse trading preferences. Additionally, Ontega offers multiple customer support channels, such as email, telephone, and WhatsApp, providing options for assistance. Lastly, it provides a variety of leverage options, allowing traders to choose their preferred level of risk exposure.

Ontega's regulatory status raises concerns, as it lacks clear oversight from recognized financial authorities, potentially posing risks to traders. The absence of comprehensive educational resources is a drawback for those seeking in-depth learning materials. While the platform offers various customer support channels, the disclaimer regarding WhatsApp communication and potential third-party access to information may raise privacy concerns. Moreover, the 1:10 maximum leverage for CFDs on shares may limit trading flexibility for some investors. Lastly, the lack of transparency on fees beyond rollover fees could lead to uncertainty about the cost of trading.

Pros Cons
Easy one-click registration Unclear regulatory status
Web-based platform Limited educational resources
Diverse range of trading instruments Privacy concerns with WhatsApp communication
Multiple customer support channels 1:10 maximum leverage for CFDs on shares
Flexible leverage options Lack of transparency on fees beyond rollover fees

Market Instruments

Ontega offers a diverse range of market instruments, providing traders with opportunities to diversify their portfolios and explore various asset classes. Among the options available are cryptocurrencies, including popular assets like Bitcoin and Ethereum. Cryptocurrencies have gained significant attention in recent years, offering traders the chance to speculate on the price movements of these digital assets, which can be highly volatile and present both potential rewards and risks.

In addition to cryptocurrencies, Ontega provides access to commodities, enabling traders to participate in the commodities market. This includes various commodities such as gold, oil, and agricultural products. Commodity trading can be appealing to investors seeking to hedge against inflation or capitalize on supply and demand dynamics in these markets. Ontega also offers indices, shares, and currencies for trading, allowing traders to engage in global financial markets and potentially benefit from price fluctuations in major stock indices, individual company shares, and currency pairs.

How to open an account in Ontega?

Opening an account with Ontega is a straightforward process that can be completed in a few simple steps.

  1. Go to Ontega's official website to begin the account registration process.

  2. Locate and click on the “Open an Account” or similar button on the website's homepage.

  3. Provide your personal information, including your name, email address, and contact details, as requested in the registration form.

  4. After completing the form, check your email inbox for a verification link from Ontega and click on it to confirm your email address.

  5. Select the type of trading account you wish to open, taking into consideration your trading preferences and requirements.

  6. Deposit the initial funds into your Ontega trading account using one of the supported payment methods to start trading.

Once these steps are completed, you'll have a fully registered Ontega trading account, ready to explore the platform's features and engage in online trading activities.

Fees

Ontega imposes fees primarily in the form of rollover fees, which can vary depending on the asset class being traded. For cryptocurrencies, traders should be aware of a 0.50% rollover fee, which is applied when positions are held overnight. This fee is a percentage of the position's value and is important to consider when planning long-term cryptocurrency trades.

In contrast, commodities, indices, shares, and currencies all incur a 0.015% rollover fee for positions held overnight. While these fees are relatively low compared to some other brokers, they can still accumulate over time for traders who frequently hold positions overnight.

Leverage

Ontega offers a range of maximum leverage levels across different asset classes, catering to traders with varying risk appetites and strategies. In foreign exchange currency trading (Forex) and commodities trading, Ontega provides a maximum leverage of 1:200. This level of leverage allows traders to control a more substantial position size relative to their initial capital, potentially amplifying both profits and losses. While higher leverage can enhance the potential for significant gains, it also heightens the risk of substantial losses, making it crucial for traders to exercise prudent risk management practices.

For CFD trading on indices, Ontega offers a maximum leverage of 1:100, which still provides traders with considerable leverage to capitalize on price movements in these markets. However, CFD trading on shares is subject to a lower maximum leverage of 1:10, reflecting the higher risks associated with individual company stocks. In the cryptocurrency market, Ontega offers a maximum leverage of 1:2, highlighting the high volatility and risk inherent in the crypto space. Additionally, Ontega provides the option of 5 protected positions with a maximum leverage of 1:20, which can serve as a risk management tool to limit potential losses.

Trading Platform

Ontega offers traders a user-friendly online trading platform with several notable features. One of its key advantages is the straightforward one-click registration process, allowing users to open an account swiftly within just 5 minutes. This simplicity can be appealing to new traders looking to get started quickly. Additionally, Ontega's web-based platform eliminates the need for installations or downloads, ensuring accessibility across various desktop and mobile devices.

Moreover, Ontega places a strong emphasis on the fusion of learning and trading, aiming to provide traders with valuable skills and knowledge. The platform offers a range of tools, including Stop Limit, Stop Loss, Trailing Stop, and Guaranteed Stop, along with free email and push notifications on market events, price alerts, and market updates. This suite of tools empowers traders to make informed decisions and manage their risk effectively. Furthermore, Ontega allows users to customize their platform settings, tailoring it to their preferences and risk management strategies. While these features may be appealing to traders seeking convenience and control, it's essential for individuals to conduct their due diligence and carefully assess Ontega's offering and suitability for their trading needs.

Deposit & Withdrawal

Ontega offers a variety of payment methods to cater to the diverse needs of its traders. These methods include well-known options such as VISA, MasterCard, and Maestro, providing a convenient way for users to deposit funds into their trading accounts using their credit or debit cards. This can be especially convenient for those who prefer traditional banking methods for financial transactions.

In addition to card payments, Ontega also supports electronic payment solutions like NETELLER and Skrill, which offer an added layer of security and flexibility for users. These e-wallet options can be particularly attractive to traders looking for fast and efficient ways to manage their funds. Furthermore, Ontega provides the option of Bank Transfers, ensuring that traders can initiate direct transfers from their bank accounts if they prefer this method.

Deposit & Withdrawal

Customer Support

Ontega provides multiple avenues for customer support, ensuring that traders have access to assistance when needed. They offer an email support option through Customer.Service@ontega.com, allowing users to reach out with their inquiries or concerns. Additionally, Ontega provides telephone support during specified operating hours from Monday to Friday, between 08:00 and 19:00 GMT+2. This direct phone support can be valuable for traders seeking immediate assistance and guidance with their trading-related issues.

For added convenience, Ontega also offers customer support via WhatsApp at +447520640100. While this channel provides a modern and efficient way to communicate with the support team, it's worth noting the company's disclaimer regarding potential third-party access to information during these WhatsApp communications. Traders should consider their privacy and take necessary precautions when using this platform.

Customer Support

Educational Resources

Ontega is notably limited in terms of educational resources, which can be a drawback for traders, especially those who are new to the financial markets and seeking comprehensive educational materials. The platform does not offer a robust selection of tutorials, webinars, or educational articles that can assist traders in developing their skills and understanding market dynamics. As a result, individuals looking for in-depth educational resources may find Ontega lacking in this aspect, and they might need to seek supplementary learning materials from external sources to enhance their trading knowledge and proficiency.

Conclusion

In summary, Ontega is a trading platform that offers a user-friendly experience with one-click registration and a web-based interface, making it accessible across various devices. It provides a diverse range of trading instruments, including cryptocurrencies, commodities, indices, shares, and currencies, catering to different trading preferences. The broker also offers multiple customer support channels, ensuring assistance is readily available to traders. Moreover, Ontega offers flexible leverage options, allowing traders to customize their risk exposure.

However, it's essential to note the concerns raised about Ontega, primarily related to its regulatory status. The lack of clear oversight from recognized financial authorities can raise questions about the platform's trustworthiness and the level of protection it offers to traders. Additionally, the limited educational resources and potential privacy issues with WhatsApp communication are factors that traders should carefully consider when evaluating Ontega as a trading option. As with any trading platform, due diligence and thorough research are crucial to making informed decisions that align with individual trading needs and risk tolerance.

FAQs

Q: Is Ontega a regulated broker?

A: Ontega's regulatory status is unclear, and it lacks oversight from recognized financial authorities.

Q: What types of market instruments can I trade on Ontega?

A: Ontega offers a range of market instruments, including cryptocurrencies, commodities, indices, shares, and currencies.

Q: How can I contact Ontega's customer support?

A: You can reach Ontega's customer support through email at Customer.Service@ontega.com, telephone, or WhatsApp during specified operating hours.

Q: What is the maximum leverage available on Ontega?

A: Ontega provides varying maximum leverage levels, such as 1:200 for Forex and commodities, 1:100 for CFDs on indices, 1:10 for CFDs on shares, and 1:2 for cryptocurrencies.

Q: Does Ontega offer educational resources for traders?

A: Ontega lacks comprehensive educational resources, and traders may need to seek external materials for in-depth learning about trading strategies and market analysis.

Are the transaction costs and expenses of ironfx, ontega 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 ontega are, we first considered common fees for standard accounts. On ironfx, the average spread for the EUR/USD currency pair is -- pips, while on ontega the spread is --.

Which broker between ironfx, ontega 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. ontega is regulated by VFSC.

Which broker between ironfx, ontega 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. ontega provides trading platform including -- and trading variety including --.

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