Comparison IronFX vs UFX
A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare IronFX vs UFX. Which of them: IronFX or UFX a better online broker?
Firstly, let’s compare commission fees provided by these brokers for regular transactions. The commission fee of IronFX on regular transactions of the stock exchange is spreads from 0.3 pips, commissions of 0.10%, and UFX has a commission fee of from 130. Now, let’s compare commission fees in Forex, the commission fee of IronFX is from 0.5 pips, and the commission fee of UFX is from 2. For a more complete picture, let’s consider trading in the metal market, where IronFX and UFX have commission fees of spreads from 0.04 pips and from 50, respectively. The full online broker reviews contains more detailed information on the brokers’ commission fees.
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, Forex Trading, Futures Trading, Crypto Trading are provided to customers by IronFX and Stocks Trading, ETFs Trading, Forex Trading, Crypto Trading are provided by UFX. As for platforms, IronFX offers Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, MT4, Android App, iOS App, while UFX 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. IronFX was founded in 2010 in Cyprus, and it is regulated by FCA, ASIC, CySEC, FSB. And UFX was founded in 2007 in Republic of Vanuatu, and it is regulated by VFSC. Withdrawal of funds from IronFX can be done using Bank Wire, Visa/Mastercard with a withdrawal fee of free. And UFX provides the ability to withdraw funds using Bank Wire, Visa/Mastercard with a withdrawal fee of free. The time for withdrawal in IronFX is 1 - 5 business days, and that one in UFX is up to 10 business days.
As a result, the rating of IronFX is 4.8 stars versus that of UFX of 3.6 stars.