FXDD is an established forex and CFD broker founded in 2002. Regulated in Malta, Mauritius, Peru and Malaysia, the broker provides secure trading platforms, competitive ECN spreads and reliable 24/7 customer support. Competitive pricing and ultra-low latency is also offered via the broker's Direct Market Access execution model and tier 1 aggregated liquidity.
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.
Pros
The broker's Trading Central integration offers daily fundamental market analysis, automated chart pattern software and market insights newsletters
FXDD is highly accessible for beginners with just a $1 minimum deposit to get started, plus cent, mini, micro and demo accounts
The broker offers VPS accounts for algo traders and experienced traders looking to run complex automated strategies
MAM and PAMM accounts are available for those who want to manage trader portfolios and earn commissions
The broker is regulated by various authorities that offer investor compensation and negative balance protection
The broker offers responsive 24/5 multilingual customer support via telephone, email and live chat
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
A $40 inactivity fee applies to accounts that have been dormant for more than 90 days, which is much higher than the $10 charged by many competitors
Withdrawal fees apply for more than one payment per calendar month, which is particularly punitive for active traders
There's a $25 withdrawal fee for payments under $100, which is steep and will impact beginners and casual traders
FXDD offers around 150 instruments - a narrow range compared to the hundreds offered at most top brokers
The broker's market insights section is outdated and trails leading competitors
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
Most Transparent Broker in Europe 2022 - ForexRating.com Awards
Most Trusted Broker - The Forex Expo Dubai 2021 Awards
Best Forex Broker - The Forex Expo Dubai 2020
Best Regulated Forex Broker - Saudi Money Expo 2018
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)
Expert Advisors (EAs) on MetaTrader. Entity dependent.
Expert Advisors (EAs) on MetaTrader
Copy Trading
No
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.
Social Trading
Yes
Yes
Trade Signals
Yes
Yes
VPS Hosting
Yes
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
Yes
Yes
Account Currencies
USD
EUR
GBP
JPY
CHF
USD
EUR
GBP
AUD
JPY
PLN
CZK
Commodities
Silver
Gold
Oil
Cocoa
Coffee
Copper
Corn
Cotton
Soybeans
Sugar
Oil
Wheat
Natural Gas
Gold
Silver
Platinum
Palladium
CFD
Traders can access CFDs across forex, indices, commodities and stocks. There are no restrictions on short-term strategies, which is good news for scalpers and algo traders. There’s also an excellent range of free tools on offer, including a custom price ticker.
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. Traders can access superb technical analysis features, including 30 pre-integrated indicators and 9 charting time frames.
FXDD continues to offer a leading selection of 90+ currency pairs with ECN pricing. Spreads are decent, coming in at 0.4 pips for EUR/USD during testing. That said, these quotes aren’t as narrow as top competitors like Pepperstone.
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.
