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iFOREX vs SmartFX

iFOREX or SmartFX – which is better for UK traders 2024? Compare iFOREX and SmartFX in this detailed breakdown of their platforms, features and fees.

iFOREX vs SmartFX Comparison Table 2024
iFOREX	SmartFX

1.5	1.3
iFOREX is ranked #97 among CFD brokers.	SmartFX is ranked #97 among CFD brokers.
Review	Review
iFOREX has closed or no longer accepts UK clients. iFOREX is a multi-regulated forex & CFD broker with millions of clients worldwide	SmartFX is an offshore regulated CFD and forex broker with MT5 integration and 5000+ instruments. The brand offers 24/5 customer support and one account type for simplicity. SmartFX is regulated by the Vanuatu Financial Services Commission (VFSC).
Pros
	I'm pleased to see the world-renowned MetaTrader 5 terminal available, with all integrated tools including the MQL5 development environment, signals and a forex VPS There's 24/5 multilingual customer support available via live chat, telephone and email, making it easy for clients to reach the broker during peak times I found commission-free deposits and withdrawals on offer with instant processing times for some account funding methods I like that beginners can access copy trading opportunities via the Social Trading network
Cons
	I'm concerned about the general lack of transparency on the website which makes me question how much trust I can put in this broker The offshore regulatory oversight by the Vanuatu Financial Services Commission (VFSC) raises serious security concerns for me There's barely any additional tools and resources available, and the educational content is weak compared to top brands I wasn't able to access any cryptocurrency trading opportunities, which is a drawback compared to similar brands
FCA Regulated
Yes	No List of FCA Regulated Brokers
Instruments
Forex, CFDs, indices, shares, commodities, cryptocurrencies, ETFs	Forex, CFD-indices, CFD-equities, futures
Demo Account
Yes	Yes
Minimum Deposit
$100	$500
Payment Methods
GlobePay Neteller PayPal Skrill	Neteller Skrill Visa Wire Transfer
Minimum Trade
0.01 Lots	0.01 Lots
Regulator
CySEC, FCA, BVI	VFSC
Mobile Apps
Yes	Yes
iOS App Rating

Android App Rating

Margin Trading
No	No
MetaTrader 4
No	No
MetaTrader 5
No	Yes
cTrader
No	No
AlgoTrader
No	No
OmniTrader
No	No
TradingView
No	No
Autochartist
No	No
eSignal
No	No
Trading Central
No	No
STP Account
No	No
ECN Account
No	No
DMA Account
No	No
MAM Account
No	No
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
No	No
Market Maker
No	No
P2P Trading
No	No
Spot Trading
No	No
Auto Trading
	Yes
Copy Trading
No	No
Social Trading
No	No
Trade Signals
Yes	Yes
VPS Hosting
No	No
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Islamic Account
Yes	No
Commodities
Gold	Gold Silver
CFD
iFOREX offers hundreds of CFDs on FX, indices, shares, commodities, and cryptocurrencies	I think the 5000+ CFD instruments including forex, commodities, indices and stocks should serve active traders well. The MT5 platform also offers plenty of advanced tools and features to facilitate complex CFD trading strategies.
Leverage
1:30	1:400
FTSE Spread
2.4	Floating
GBPUSD Spread<
2.8	Floating
Oil Spread
5.4 pips	Floating
Stocks Spread
Variable	Variable
Forex
iFOREX offers trading on approaching 100 currencies from around the world	I found an average range of 45+ major, minor and exotic currency pairs at SmartFX, tradable on the MT5 platform. I did appreciate the flexible leverage up to 1:400 and minimum order sizes from 0.01 lots.
Assets
90	43
GBPUSD Spread
1.8	Floating
EURUSD Spread
1.8	Floating
EURGBP Spread
2.8	Floating
Cryptocurrency
iFOREX offers trading on popular cryptocurrency coins
Spread
Variable
Coins
BTC LTC ETH XRP EOS XMR DASH
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

iFOREX	SmartFX
Review	Review
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