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IronFX , MONEY SQUARE Broker Comparison
Do you want to know which is the better broker between IronFX and MONEY SQUARE ?
In the table below, you can compare the features of IronFX , MONEY SQUARE side by side to determine the best fit for your needs.
- Rating
- Basic Information
- Trading Env.
- Account Info
- Related News
- Rating
- Basic Information
- Trading Env.
- Account Info
- Related News
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
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
--
7.98
Regulated
Under guarantee
--
--
10-15 years
FSA
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
IronFX BrokerRelated News
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 ironfx and money-square 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
ironfx
| Quick IronFX Review Summary | |
| Founded | 2008 |
| Registered Country/Region | Cyprus |
| Regulation | CYSEC, FCA, FSCA (General Registration) |
| Market Instruments | 80+ currency pairs, metals, indices, commodities, futures, shares |
| Islamic Account | ✅ |
| Account Type | Standard Floating, Standard Fixed, Raw ECN, ECN VIP |
| Leverage | Up to 1:2000 |
| Spread | Starting from 0.0 pips |
| Trading Platform | MT4 |
| Copy Trading | ✅ |
| Customer Support | Live chat, contact form |
| Regional Restrictions | USA, Cuba, Sudan, Syria and North Korea |
| Bonus | 100% 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.
Pros and Cons
| Pros | Cons |
| Regulated by CySEC and FCA | Clients from the USA, Cuba, Sudan, Syria and North Korea are not accepted |
| Various trading assets | FSCA license is only general registered |
| Multiple account types | Lack 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 Country | Regulated Authority | Regulated Entity | License Type | License Number |
 | CYSEC | Notesco Financial Services Ltd | Market Making (MM) | 125/10 |
 | FCA | Notesco Limited | Straight Through Processing (STP) | 585561 |
 | FSCA | NOTESCO SA (PTY) LTD | Financial Service Corporate | 45276 |
What Can I Trade on IronFX?
IronFX offers trading in 80+ currency pairs, metals, indices, commodities, futures, and shares.
| Tradable Assets | Supported |
| Currency pairs | ✔ |
| Metals | ✔ |
| Indices | ✔ |
| Commodities | ✔ |
| Futures | ✔ |
| Shares | ✔ |
| Cryptocurrencies | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Types/Fees
| Account Types | Standard Floating | Standard Fixed | Raw ECN | ECN VIP |
|---|---|---|---|---|
| CFD Instruments | Forex, Metals, Indices, Commodities, Futures, Shares | Forex, Metals, Indices, Commodities, Futures, Shares | Forex, Metals, Indices, Commodities, Futures, Shares | Forex, Metals, Indices, Commodities |
| Leverage | 1:2000 | 1:2000 | 1:1000 | 1:200 |
| Av. Spreads on Forex | 1.2 pips | 1.2 pips | 0 pips | 0.3 pips |
| Av. Spreads on Gold | 2.5 pips | 2.5 pips | 1.1 pips | 1.1 pips |
| Commission | No Commission | No Commission | Yes | No Commission |
| Base Currency | USD, EUR, GBP, JPY, AUD, CHF, CZK, PLN, ZAR, XBT, XET* | USD, EUR, GBP, JPY, XBT, XET | USD, EUR, GBP, JPY | USD, EUR, GBP |
| Stop out | 20% | 20% | 50% | 50% |
| Swap free/Islamic | Yes | Yes | No | No |
| Minimum Lot Size | 0.01 | 0.01 | 0.01 | 0.01 |
| Dedicated Account Manager available | 24/5 | 24/5 | 24/5 | 24/5 |
| Dealing Department Transaction Hotline | Yes | Yes | Yes | Yes |
Trading Platform
IronFX's trading platform is the industry-leading MT4, which supports traders on Desktop, Mobile, and Web devices.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Desktop, Mobile, Web | Beginners |
| MT5 | ❌ | / | Experienced traders |
money-square
| MONEY SQUARE Review Summary | |
| Founded | 2015 |
| Registered Country/Region | Japan |
| Regulation | FSA |
| Market Instruments | Forex, CFDs |
| Demo Account | ✅ |
| Leverage | Up to 1:25 |
| Spread | From 0.1 pips |
| Trading Platform | Proprietary platform |
| Min Deposit | 0 |
| Customer Support | Tel: +81 03-3470-5050 |
| X, YouTube, LINE, Instagram | |
MONEY SQUARE Information
Founded in 2015, MONEY SQUARE is a regulated broker registered in Japan, offering trading on forex and CFDs with leverage up to 1:25 and spread from 0.1 pips through a proprietary trading platform. Demo accounts are available and there is no minimum deposit requirement.
Pros and Cons
| Pros | Cons |
| FSA-regulated with long establishment | Limited trading products |
| Demo accounts | No MT4/MT5 platform |
| No minimum deposit | Limited payment options |
| Only accept Japanese Yen for deposits and withdrawals |
Is MONEY SQUARE Legit?
Yes. MONEY SQUARE is regulated by Financial Services Agency (FSA).
| Regulated Country | Regulator | Current Status | Regulated Entity | License Type | License No. |
 | Financial Services Agency (FSA) | Regulated | 株式会社マネースクエア | Retail Forex License | 関東財務局長（金商）第2797号 |
What Can I Trade on MONEY SQUARE?
| Tradable Instruments | Supported |
| Forex | ✔ |
| CFDs | ✔ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Leverage
The broker offers max leverage of 1:25. The use of leverage can both work in your favour and against you. Leverage magnifies the returns from favorable movements in a currency's exchange rate.
MONEY SQUARE Fees
MONEY SQUARE does not set transaction fees for users, but charges a certain amount of spreads, for example, from 0.1 pips for USD/JPY, 0.1 pips for GBP/JPY and 0.1 pips for NZD/JPY.
No commission fee is required. Depending on the interest rate situation in each country, swaps may change from “receipt” to “payment”, or payments may be made on both buy and sell positions.
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| Proprietary platform | ✔ | Windows, Mac, iPhone, Android | / |
| MT4 | ❌ | / | Beginners |
| MT5 | ❌ | / | Experienced traders |
Deposit and Withdrawal
The broker accepts payments via both quick deposit and transfer payments. MONEY SQUARE recommends the former because it is instant and free of charge, while the latter requires the client to bear the transfer fees. Note that MONEY SQUARE only accepts Japanese Yen for deposits and withdrawals.
Do ironfx and money-square 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 ironfx and money-square are, we first considered common fees for standard accounts. On ironfx, the average spread for the EUR/USD currency pair is Forex 0.3, Gold 1.1 pips, while on money-square the spread is --.
Which broker between ironfx, money-square 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,FSC. money-square is regulated by FSA.
Which broker between ironfx, money-square 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 the ECN VIP,Raw ECN,Standard Fixed,Standard Floating platform with products like Forex, Metals, Indices, Commodities; money-square offers the -- platform featuring assets including --.
