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IronFX , FXCL Broker Comparison
Do you want to know which is the better broker between IronFX and FXCL ?
In the table below, you can compare the features of IronFX , FXCL 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 forex brokers comparison in total
Rating
Score
Regulatory Status
WikiFX Guarantee
WikiFX Survey
Risk Evaluation
Exposure
Official Website
Basic Information
Est. Date (years)
Regulatory License
MT4
MT5
Crypto
Deposit/Withdrawal Methods
Trading Env.
Trading Environment Rating
Execution Speed
Trading Speed Rating
Average Execution Speed (ms)
Minimum Execution Latency (ms)
Minimum Open Latency (ms)
Minimum Close Latency (ms)
Maximum Execution Latency (ms)
Maximum Open Latency (ms)
Maximum Close Latency (ms)
Slippage
Slippage Rating
Average Slippage
Max Slippage
Maximum Positive Slippage
Maximum Negative Slippage
Trading Cost
Trading Cost Rating
- Average Trading Cost (USD/Lot)
Swap
Swap Rating
- Average Swap Cost (USD/Lot)
Disconnection Instances
Disconnection Rating
Avg. Disconnection Frequency (/day)
Avg. Reconnection Time (ms)
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
Pin to Left
7.82
Regulated
Not Guaranteed
--
--
--
15-20 years
CYSEC,FCA,FSCA,FSC
Supported
Not Supported
--
B
AA
353
266
313
266
422
422
367
C
EURUSD：2
--
2
--
2
AAA
EURUSD：4
--
D
EURUSD： -11.75 ~ 1.01
XAUUSD： -62.6 ~ 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
--
Pin to Left
2.25
Not Regulated
Not Guaranteed
--
5-10 years
VFSC
Supported
Not Supported
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
ECN Pro,Volume Cash,Live Contest,Interbank Standard,Interbank Cent,Start ,Standard,Cent
--
--
Forex,metals 1:300, Indices 1:100, Crypto 1:10
from 0.1
80.00
Floating
0.01
--
Score
Regulatory Status
Regulated
Not Regulated
IronFX 、 FXCL BrokerRelated News
FXCL 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 fxcl 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 |
fxcl
| FXCLReview Summary | |
| Founded | 2006 |
| Registered Country/Region | Saint Vincent and the Grenadines |
| Regulation | VFSC |
| Market Instruments | Forex, indices, cryptocurrencies, metals |
| Demo Account | ✔ |
| Leverage | Up to 1:2000 |
| Spread | Low |
| Trading Platform | MT4 Margin WebTrader |
| Min Deposit | $1 |
| Customer Support | Email: support@fxclearing.com |
| Registered office: Plot 54368 Western Commercial Road, The Hub, Itowers, Cbd, Gaborone, Botswana. | |
FXCL Information
FXCL, founded in 2006, is a forex brokerage registered in Saint Vincent and the Grenadines. It is regulated by VFSC. Its current status is revoked. It charges no fees or commissions. Its leverage is up to 1:2000.
Pros and Cons
| Pros | Cons |
| VFSC regulated | Limited customer support options |
| Wide range of currency pairs and trading instruments | Fixed spreads |
| Low minimum deposit of $1 | No Islamic trading account |
| Eight types of trading accounts to choose from | No MT5 supported |
| Generous leverage up to 1:2000 | No phone number information offered |
| Competitive spreads and low trading fees | |
| MT4 trading platform and webtrader supported | |
| Copy trading available | |
| Demo account available |
Is FXCL Legit?
FXCL is regulated by VFSC in Vanuatu. Its current status is revoked.
| Regulated Country | Regulated Authority | Regulated Entity | License Type | License Number | Current Status |
| Vanuatu | VFSC | FXCL Markets Ltd | Retail Forex License | 14610 | Revoked |
What Can I Trade On FXCL?
FXCL offers traders forex, indices, cryptocurrencies, metals to trade.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Indices | ✔ |
| Metals | ✔ |
| Cryptocurrencies | ✔ |
| Commodities | ❌ |
| Stocks | ❌ |
| Futures | ❌ |
| Options | ❌ |
Account Types
FXCL offers 4 different types of accounts to traders - Start Account, Cent Account, Standard Account, Interbank Cent Account, Interbank Standard Account, ECN Pro Account, Live Contest Account, Volume Cash Account. It also provides demo accounts.
| Account Type | Start Account | Cent Account | Standard Account | Interbank Cent Account | Interbank Standard Account | ECN Pro Account | Live Contest Account | Volume Cash Account |
| Leverage | 1:2000 | 1:1000 | 1:500 | 1:500 | 1:500 | 1:300 | 1:1000 | 1:1000 |
| Spreads | Floating for full spread list | Fixed for fufor full spread list | Fixed for fufor full spread list | Floating starting from 1.1 pip with a 5-digit price feed for full spread list | Floating,starting from 1.1 pip with a 5-digit price feed for full spread list | Floating, starting from 0.1 pip with a 5-digit price feed | Floating for full spread list | Floating for full spread list |
| Position Size | 0.01-1.00 (standard lot) | 0.01-200 (micro lot) | 0.01-2.00 (standard lot) | 0.01-500 (micro lot) | 0.01-5.00 (standard lot) | 0.01-50.00 (standard lot) | 0.01-3.00 (standard lot) | 0.01-3.00 (standard lot) |
| Execution | Market | Instant | Instant/Market | Market | Market | Market | Automatic Market Execution | Automatic Market Execution |
FXCL Fees
FXCL's spreads are as low as 0 pips. FXCL charges low commissions. It charges $3 per lot for forex, metals, indices 0.15% per lot of Crypto when transaction happens in ECN Account and $1.5 per lot for forex, metals when transaction happens in Live Contest Account and Volume Cash Account. The min deposit is $1.
Trading Platform
FXCL's trading platform is MT4 Margin WebTrader, which supports traders on PC, Mac, iPhone and Android.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 Margin WebTrader | ✔ | Web, Mobile | Beginner |
| MT5 | ❌ |
Deposit and Withdrawal
FXCL offers a lot of deposit and withdrawal methods.
Deposit
| Method | Processing Time | Fees |
| Online bank (Asiabank) | Instant | N/A |
| Crypto (Alphacoins) | Instant | N/A |
| PerfectMoney | Instant | Low fees |
| Local Deposit | Up to 1 business day | Low fees |
| FasaPay | Quick | FXCL provides full fee coverage for all Fasapay deposits |
| Dragonpay | Instant | N/A |
Withdrawal
| Method | Processing Time | Fees |
| Online bank (Asiabank) | Instant | N/A |
| Crypto (Alphacoins) | Instant | N/A |
| PerfectMoney | Instant | Low fees |
| Local Deposit | Up to 1 business day | Low fees |
| FasaPay | Quick | Low fees |
| Dragonpay | Instant | N/A |
Copy Trading
FXCL's copytrading offers an opportunity to automatically follow good traders and monitor the markets.
Any FXCL client may open an ECN Copy Pro account as a Follower (hereinafter, Follower‘s Account).In order to open an ECN Copy Pro account as a Signal Provider (hereinafter, Provider’s Account), the client should verify the Traders Cabinet first and provide a link to his/her previous trading results on Myfxbook, MQL5 or FX Blue resource or upload an MT4 statement from his/her previous trading account (any account type from any broker is allowed).
Do ironfx and fxcl 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 fxcl 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 fxcl the spread is from 0.1.
Which broker between ironfx, fxcl 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. fxcl is regulated by VFSC.
Which broker between ironfx, fxcl 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; fxcl offers the ECN Pro,Volume Cash,Live Contest,Interbank Standard,Interbank Cent,Start ,Standard,Cent platform featuring assets including --.
