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Comparison Firstrade vs IronFX
A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare Firstrade vs IronFX. Which of them: Firstrade or IronFX a better online broker?
First of all, we’ll compare the commission fees of the two brokers. The commission fee of Firstrade on regular transactions of the stock exchange is $0, and IronFX has a commission fee of spreads from 0.3 pips, commissions of 0.10%. You can read more detailed information on commission fees in the online broker reviews.
Investors should always know about types of online trading supported by broker and about tools provided by them in trading. It is very important information as well. Let’s compare them. are Firstrade provides customers with Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading, and IronFX provides customers with Stocks Trading, Forex Trading, Futures Trading, Crypto Trading. Concerning the platforms, Firstrade uses Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, Android App, iOS App, while IronFX uses Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, MT4, Android App, iOS App.
In conclusion, when comparing the two online brokers, we should pay our attention to the year and country of foundation, the regulatory authorities and ways to withdraw funds. Firstrade was founded in 1985 in United States, and it is regulated by SEC and FINRA. And IronFX was founded in 2010 in Cyprus, and it is regulated by FCA, ASIC, CySEC, FSB. We can withdraw funds from Firstrade with the help of Bank Wire, and its withdrawal fee is $30 domestic US, $50 international. And IronFX provides the ability to withdraw funds with the help of Bank Wire, Visa/Mastercard, and its withdrawal fee is free. The withdrawal time for Firstrade is 2-3 business days, and that one for IronFX is 1 - 5 business days.
As a result, the rating of Firstrade is 3.9 stars versus that of IronFX of 4.8 stars.