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E-Global , IronFX Broker Comparison

Do you want to know which is the better broker between E-Global and IronFX ?

In the table below, you can compare the features of E-Global , IronFX side by side to determine the best fit for your needs.

  • Rating
  • Basic Information
  • Trading Env.
  • Account Info
  • Related News
  • Relevant Exposures
  • Rating
  • Basic Information
  • Trading Env.
  • Account Info
  • Related News
  • Relevant Exposures
 2 / 3  forex brokers comparison in total
Rating
Score
Regulatory Status
WikiFX Guarantee
WikiFX Survey
Risk Evaluation
Exposure
Basic Information
Est. Date
Regulatory License
MT4
MT5
Crypto
Deposit/Withdrawal Methods
Trading Env.
Trading Environment Rating
Execution Speed
Trading Speed Rating
Average Execution Speed
Minimum Execution Latency
Minimum Open Latency
Minimum Close Latency
Maximum Execution Latency
Maximum Open Latency
Maximum Close Latency
Slippage
Slippage Rating
Average Slippage
Max Slippage
Maximum Positive Slippage
Maximum Negative Slippage
Trading Cost
Trading Cost Rating
  • Average Trading Cost
  • (EURUSD)
  • Average Trading Cost
  • (XAUUSD)
Swap
Swap Rating
  • Average Trading Cost
  • (EURUSD)
  • Average Trading Cost
  • (XAUUSD)
Disconnection Instances
Disconnection Rating
Avg. Disconnection Frequency (/day)
Avg. Reconnection Time
Account Info
Accounts
Account Name
Trading Instruments
Minimum Deposit
Maximum Leverage
Typical Spread
Stop-Out Level
Spread Types
Minimum Trade Size
Crypto
Lock Position
Scalping
EA Trading
E-Global
1.58
Unverified
Under guarantee
--
5-10 years
FSC
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
IronFX
7.82
Regulated
Under guarantee
--
--
--
15-20 years
CYSEC,FCA,FSCA,FSC
--
B
AA
353
266
313
266
422
422
367
C

EURUSD: 2

XAUUSD: --

2
--
2
AAA
4 USD/Lot
--
D

Long: -11.75

Short: 1.01

Long: -62.6

Short: 18.2

B
0.6
5.5
ECN VIP,Raw ECN,Standard Fixed,Standard Floating
Forex, Metals, Indices, Commodities
--
1:200
Forex 0.3, Gold 1.1
50.00
--
0.01
--

E-Global 、 IronFX BrokerRelated News

E-Global BrokerRelevant Exposures

Which broker is more reliable?

To evaluate a broker's reliability and trustworthiness, consider the following four factors:

1.Forex broker introduction。

2.Do e-global and ironfx have lower transaction costs?

3.Which broker is safer?

4.Which broker offers the best trading platform?

Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:

Forex broker introduction

e-global

General Information

E-Global Review Summary in 10 Points
Founded2016
Registered Country/RegionLuxembourg
RegulationFSC (suspicious clone)
Market InstrumentsN/A
Demo AccountN/A
LeverageN/A
EUR/USD SpreadN/A
Trading PlatformsN/A
Minimum depositN/A
Customer SupportPhone, email

What is E-Global?

E-Global Trade & Finance Luxembourg S.A. was granted its PSF license to act as a broker to customer trades in financial instruments in 2016. The Luxembourg entity was the logical extension of the Groups business to Europe with products such as Forex4you, Trade4you and Share4you.

E-Global's home page

Pros & Cons

Global offers a wide range of market instruments, providing potential opportunities for investors. The availability of copy trading and mobile trading may be appealing to those seeking convenience and alternative trading options.

However, there are concerns regarding E-Global's regulatory status, with reports indicating an unregulated and suspicious clone license. Limited information on the website further raise doubts about the credibility and reliability of E-Global as a financial service provider.

ProsCons
• Availability of copy trading and mobile trading• Suspicious clone FSC license
• Concerns regarding regulatory status and scam reports
• Limited info on the website

Is E-Global Safe or Scam?

E-Global's license from the British Virgin Islands Financial Services Commission (FSC, License No. SIBA/L/12/1027) raises suspicions of being a clone or unauthorized entity. Additionally, the report of a scam and the lack of sufficient information on their website are red flags. Therefore, it is advisable to exercise caution and consider E-Global as potentially unsafe. It is crucial to conduct thorough research and due diligence before engaging with any unregulated or suspicious financial entity to protect your investments and personal information.

Is E-Global Safe or Scam?

Market Instruments

E-Global presents itself as a platform that offers real estate and investments on global markets.

Copy trading & Mobile trading

Global states on their website that they offer copy trading and mobile trading services to their clients. Copy trading typically allows investors to automatically replicate the trades and strategies of experienced traders, enabling them to potentially benefit from their expertise. However, since E-Global does not provide further details about their copy trading service, it is important for potential users to seek more information directly from the company.

Mobile trading, on the other hand, suggests that E-Global provides a platform or app that allows clients to access and manage their trading accounts using their mobile devices. This can offer convenience and flexibility for traders who prefer to monitor and execute trades on the go.

Customer Service

E-Global provides customer service through phone: +352 26 374 964 and email: info@eglobal-group.com, allowing clients to reach out for assistance or inquiries. Additionally, the company address: 53 Boulevard Royal, 2449 Luxembourg – Eich, Luxembourg – Luxemburg listed in Luxembourg provides a physical location for clients to visit or send correspondence if needed.

ProsCons
• Phone & email support• No 24/7 customer support
• No live chat support
• No social media support
• Unclear support hours

Note: These pros and cons are subjective and may vary depending on the individual's experience with E-Global's customer service.

User Exposure on WikiFX

On our website, you can see that a report of scam. Traders are encouraged to carefully review the available information and consider the risks associated with trading on an unregulated platform. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.

User Exposure on WikiFX

Conclusion

In conclusion, E-Global raises significant concerns regarding its regulatory status, with reports suggesting it operates with an unregulated and suspicious clone license. The limited information available on its website, particularly regarding market instruments and trading platforms, adds to the lack of transparency and raises doubts about the company's credibility. Additionally, the absence of clear details on copy trading and mobile trading further hampers its reputation. It is advisable for traders to exercise caution and explore alternative regulated options in the market.

Frequently Asked Questions (FAQs)

Q 1:Is E-Global regulated?
A 1:No. E-Global British Virgin Islands Financial Services Commission (FSC, License No. SIBA/L/12/1027) license is a suspicious clone.
Q 2:Is E-Global a good broker for beginners?
A 2:No. It is not a good choice for beginners. Not only because of its unregulated condition, but also because of lack of transparency.
ironfx
Quick IronFX Review Summary
Founded2008
Registered Country/RegionCyprus
RegulationCYSEC, FCA, FSCA (General Registration)
Market Instruments80+ currency pairs, metals, indices, commodities, futures, shares
Islamic Account
Account TypeStandard Floating, Standard Fixed, Raw ECN, ECN VIP
LeverageUp to 1:2000
SpreadStarting from 0.0 pips
Trading PlatformMT4
Copy Trading
Customer SupportLive chat, contact form
Regional RestrictionsUSA, Cuba, Sudan, Syria and North Korea
Bonus100% unlimited sharing bonus

IronFX Information

Founded in 2008, IronFX is a regulated brokerage registered in Cyprus, offering trading in 80+ currency pairs, metals, indices, commodities, futures, and shares with leverage up to 1:1000 and spread from 0.0 pips via the popular MT4 platform.

IronFX's homepage

Pros and Cons

ProsCons
Regulated by CySEC and FCAClients from the USA, Cuba, Sudan, Syria and North Korea are not accepted
Various trading assetsFSCA license is only general registered
Multiple account typesLack of info on deposits and withdrawals
MT4 supported
Live chat support

Is IronFX Legit?

Yes, IronFX is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Financial Conduct Authority (FCA) in the United Kingdom. It also holds a general registered Financial Sector Conduct Authority (FSCA) license.

Regulated CountryRegulated AuthorityRegulated EntityLicense TypeLicense Number
Cyprus
CYSECNotesco Financial Services LtdMarket Making (MM)125/10
UK
FCANotesco LimitedStraight Through Processing (STP)585561
South Africa
FSCANOTESCO SA (PTY) LTDFinancial Service Corporate45276
Regulated by CySEC
Regulated by FCA
General registered FSCA license
Domain information

What Can I Trade on IronFX?

IronFX offers trading in 80+ currency pairs, metals, indices, commodities, futures, and shares.

Tradable AssetsSupported
Currency pairs
Metals
Indices
Commodities
Futures
Shares
Cryptocurrencies
Bonds
Options
ETFs
What Can I Trade on IronFX?

Account Types/Fees

Account TypesStandard FloatingStandard FixedRaw ECNECN VIP
CFD InstrumentsForex, Metals, Indices, Commodities, Futures, SharesForex, Metals, Indices, Commodities, Futures, SharesForex, Metals, Indices, Commodities, Futures, SharesForex, Metals, Indices, Commodities
Leverage1:20001:20001:10001:200
Av. Spreads on Forex1.2 pips1.2 pips0 pips0.3 pips
Av. Spreads on Gold2.5 pips2.5 pips1.1 pips1.1 pips
CommissionNo CommissionNo CommissionYesNo Commission
Base CurrencyUSD, EUR, GBP, JPY, AUD, CHF, CZK, PLN, ZAR, XBT, XET*USD, EUR, GBP, JPY, XBT, XETUSD, EUR, GBP, JPYUSD, EUR, GBP
Stop out20%20%50%50%
Swap free/IslamicYesYesNoNo
Minimum Lot Size0.010.010.010.01
Dedicated Account Manager available24/524/524/524/5
Dealing Department Transaction HotlineYesYesYesYes

Account Types/Fees

Trading Platform

IronFX's trading platform is the industry-leading MT4, which supports traders on Desktop, Mobile, and Web devices.

Trading PlatformSupported Available Devices Suitable for
MT4Desktop, Mobile, WebBeginners
MT5/Experienced traders
Trading Platform

Do e-global and ironfx have lower transaction costs?

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 e-global and ironfx are, we first considered common fees for standard accounts. On e-global, the average spread for the EUR/USD currency pair is -- pips, while on ironfx the spread is Forex 0.3, Gold 1.1.

Which broker between e-global, ironfx 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.

e-global is regulated by FSC. ironfx is regulated by CYSEC,FCA,FSCA,FSC.

Which broker between e-global, ironfx 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.

e-global provides the -- platform with products like --; ironfx offers the ECN VIP,Raw ECN,Standard Fixed,Standard Floating platform featuring assets including Forex, Metals, Indices, Commodities.

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