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Comparison Interactive Brokers vs IronFX
The InvestorGreg.net broker comparisons assess over a dozen different brokers, finding the best online trading brokers. This comparison page compares Interactive Brokers vs IronFX. Is Interactive Brokers or IronFX a better online broker?
First of all, we’ll compare the commission fees of the two brokers. The commission fee of Interactive Brokers on regular transactions of the stock exchange is $0.005, and IronFX has a commission fee of spreads from 0.3 pips, commissions of 0.10%. For trading in Forex, the commission fee of Interactive Brokers is 0.20 basis points, while the commission fee of IronFX is from 0.5 pips. And for summarizing a complete picture, we should see trading in the metal market, where these brikers provide the following commissions: 0.15 basis points and spreads from 0.04 pips for Interactive Brokers and IronFX, respectively. You can read more detailed information on commission fees in the online broker reviews.
It is important for investors to know what types of online trading broker supports and what tools they can use for trading. Let’s compare them. Stocks Trading, Penny Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading, Forex Trading, Futures Trading, Crypto Trading, Robo Advisor are provided to customers by Interactive Brokers and Stocks Trading, Forex Trading, Futures Trading, Crypto Trading are provided by IronFX. As for platforms, Interactive Brokers offers Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, Android App, iOS App, while IronFX offers Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, MT4, Android App, iOS App.
Finally, by comparing the two online brokers, we want to pay attention to the year and country of establishing, the regulatory authorities and the possibility of withdrawing funds. Interactive Brokers was founded in 1978 in United States, and it is regulated by NYSE, FINRA, SIPC. And IronFX was founded in 2010 in Cyprus, and it is regulated by FCA, ASIC, CySEC, FSB. Withdrawal of funds from Interactive Brokers can be done using Bank Wire, Visa/Mastercard with a withdrawal fee of $0. And IronFX provides the ability to withdraw funds using Bank Wire, Visa/Mastercard with a withdrawal fee of free. The time for withdrawal in Interactive Brokers is 3-5 days, and that one in IronFX is 1 - 5 business days.
Overall, Interactive Brokers boasts 4.1 stars versus IronFX 4.8 stars.