IronFX vs Equiti

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

IronFX vs Equiti Comparison Table 2024
IronFX Equiti
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3.8
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2.8
IronFX is ranked #42 among CFD brokers. Equiti is ranked #97 among CFD brokers.
Review
Review
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. Equiti is an international STP brokerage, with built-in analysis tools and a wide range of CFD and forex markets. The broker also offers sky-high leverage rates of up to 1:2000 and is regulated offshore for retail traders by the Seychelles FSA, among other tier-2 authorities.
Pros
  • 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
  • I'm pleased that there's a strong range of accessible payment methods, including bank wire, cards, e-wallets and cryptos
  • The free demo with unlimited usage is a game-changer for those who want to continuously test their strategies
  • DeFi enthusiasts can speculate on an impressive range of 80+ cryptocurrency CFD products
  • I appreciate the 24/6 customer support available in 6 languages, via email and live chat
  • High leverage rates of 1:2000 are on offer for experienced margin traders
Cons
  • 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
  • I think retail clients should look elsewhere for robust regulatory oversight since Equiti's main brokerage branch is regulated offshore
  • Equiti falls short in terms of educational material and extra tools, with one of the most basic offerings I have seen
  • I'm disappointed that bank transfer and e-wallet withdrawals are subject to a fee of 1% up to $30
Awards
  • 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)
FCA Regulated
Yes Yes
Instruments
Forex, Indices, Shares, Futures, Commodities, Metals (all CFDs) Forex, CFDs, indices, shares, commodities, cryptocurrencies
Demo Account
Yes Yes
Minimum Deposit
$100 $500
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
CySEC, FCA, FSCA, BMA / Bermuda FSA, JSC, CMA, SCA, CBA, FCA
Mobile Apps
Android, iOS, WebTrader Yes
iOS App Rating
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Android App Rating
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Margin Trading
Yes No
MetaTrader 4
Yes Yes
MetaTrader 5
No Yes
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
No No
Autochartist
Yes No
eSignal
No No
Trading Central
Yes No
STP Account
Yes No
ECN Account
Yes No
DMA Account
No No
MAM Account
Yes No
PAMM Account
Yes No
LAMM Account
Yes No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
Yes No
Market Maker
Yes No
P2P Trading
No No
Spot Trading
Yes No
Auto Trading
Expert Advisors (EAs) on MetaTrader Expert Advisors (EAs) on MetaTrader
Copy Trading
Yes No
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 No
Tournaments
Yes No
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
  • AUD
  • JPY
  • PLN
  • CZK
Commodities
  • Cocoa
  • Coffee
  • Copper
  • Corn
  • Cotton
  • Soybeans
  • Sugar
  • Oil
  • Wheat
  • Natural Gas
  • Gold
  • Silver
  • Platinum
  • Palladium
  • Gold
CFD
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. The broker's CFD range encompasses all my favorites: forex, US, UK and European stocks, international ETFs, energy commodities, global stock indices and cryptos. They're all available with competitive ECN conditions from within the MT4 or MT5 trading platforms.
Leverage
1:30 (FCA), 1:30 (CySEC), 1:500 (FSCA), 1:1000 (BM) 1:500
FTSE Spread
140 1.2
GBPUSD Spread<
0.8 0.2
Oil Spread
3 0.028
Stocks Spread
Variable Variable
Forex
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. During my testing, I uncovered nearly 70 foreign exchange CFDs - not a bad line-up compared to other brokers I review. The broker’s STP execution model means that execution times for me are generally quite low and spreads are competitive, starting from 0.0 pips.
Assets
80+ 65
GBPUSD Spread
0.8 0.2
EURUSD Spread
0.7 1.6
EURGBP Spread
0.9 0.9
Cryptocurrency
I’m pretty happy with Equiti’s 1:10 leverage and spreads from $5 on popular crypto pairs like BTCUSD. Savvy clients can also utilize the broker's signals and market news to get crypto trade ideas and keep abreast of industry developments.
Spread
Variable
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
IronFX Equiti
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