This contrast guide helps users that battle to select between IronFX and OandA to find the very best online broker for their trading and financial investment requirements. It examines the main features of the two brokers alongside to help users contrast their service and make an informed choice.
To aid individuals pick the ideal broker between IronFX and OandA to discover the best-suited system, below is a listing of broker’s benefits and drawbacks, complied with by a comparison of their major trading features, including trading platforms & tools, charges, mobile trading, down payment & withdrawal, properties, law, and customer assistance.
IronFX vs. OandA: Summary
![Iron-fx-logo](https://ik.imagekit.io/jpioohtxv/business247/wp-content/uploads/2022/08/Iron-fx.png)
IronFX is a forex and CFD broker founded in 2010. Therefore, it is regulated by two tier-one financial authorities (CySec and ASIC) and is considered safe. The broker provides users access to 80 forex pairs and over 300 CFDs on forex, spot metals, and futures. The broker allows trading with up to 1:300 leverage and offers a free demo account for beginner traders.
IronFX fees are below average compared to similar brokers from the industry. They charge low spreads from 0.1 pips (EUR/USD). Additionally, the broker charges 3% inactivity fees after 90 consecutive days of inactivity on any account.
IronFX’s customer support is available through email (support@IronFX.com) and live chat in English and Arabic.
![Oanda logo](https://ik.imagekit.io/jpioohtxv/business247/wp-content/uploads/2022/04/Oanda.png)
OandA is a reputable forex and CFD forex broker founded in 1996. It is regulated by seven tier-one regulators and therefore considered safe. Their users have access to 124 tradable instruments including 71 forex pairs and a handful of CFDs on cryptos. Traders can choose between a proprietary platform (web and desktop version), MT4 and MT5. Their trading platform has an intuitive design, offers automated trade execution and multiple features for algorithmic and social trading. Market research features are powered by TradingView.
OandA’s trading fees are above average compared to similar forex and CFD brokers like AvaTrade and Pepperstone. They charge an average spread of 1.26 pips EUR/USD on their standard account.
OandA’s customer service is available during office hours by email, live chat (chatbot) and phone.
Pros
- Low minimum deposit ($100)
- Competitive forex spreads from 0.8 pips (EUR/USD)
- Wide range of platforms and plugins (MetaTrader 4, AutoChartist, and Trading Central)
- Great research and education materials
- 7 Different account types
Cons
- Algorithmic trading is only available through MetaTrader 4
- High inactivity fees (3% of account balance after 90 days)
Pros
- Low minimum deposit ($0)
- Competitive average spread from 1.2 pips (EUR/USD)
- MT4, MT5 and TradingView integration
- Broad range of research and analysis tools
- Feature rich mobile app
Cons
- Limited assets
- Only CFD and forex trading available
- Customer support is only available during office hours
- Inactivity fees
Key features
- Access to over 80 forex pairs and 300 CFDs
- Compatible with MT4 and Trading Central
- Excellent Copy Trading features
- Advanced charting and analysis tools
- Welcome bonuses for new users
- Commission-free CFD trading and low floating spreads from 0,0 pips
Key features
- Access to 124 tradable symbols including 71 forex pairs
- Low minimum deposit ($0)
- Real-time currency conversion
- MetaTrader 4 and 5 integration
- Free VPS server
- Trading fee and wire transfer discounts for professional traders
IronFX vs. OandA Comparison
Select up to 3 Brokers
![Iron-fx-logo](https://ik.imagekit.io/jpioohtxv/business247/wp-content/uploads/2022/08/Iron-fx.png)
IronFX
![Oanda logo](https://ik.imagekit.io/jpioohtxv/business247/wp-content/uploads/2022/04/Oanda.png)
Oanda
BROKER COMPARISON
![Iron-fx-logo](https://ik.imagekit.io/jpioohtxv/business247/wp-content/uploads/2022/08/Iron-fx.png)
![Oanda logo](https://ik.imagekit.io/jpioohtxv/business247/wp-content/uploads/2022/04/Oanda.png)
Trading Platform & Tools
Automated Trading | ||
Charting Tools | ||
Conditional Orders | ||
cTrader | ||
Demo Account | ||
Desktop Platform | ||
Max Leverage | 1000:1 | 1:50 |
MetaTrader 4 (MT4) | ||
MetaTrader 5 (MT5) | ||
Mobile Version | ||
Mutual Fund Management | ||
Proprietary Platform | ||
Social/Copy Trading | ||
Trading Alerts | ||
Trading signals | ||
Watchlist | ||
Web Version |
Fees
Withdrawal Fee | 0 | $20 + Fee |
Deposit Fee | 0 | 0 |
Inactivity Fee | 3% on withdrawal if you have not entered a trade after deposit | $10 a month after 12 months |
Cost Per Trade | 0 | 0 |
Cost Per Month | 0 | 0 |
Forex (EUR/USD) | 0.7 | 1.3 |
Stocks & ETF | 0 | 0 |
CFD (Gold) | 0.6 | 31 |
Crypto | 0 | 0 |
Options | 0 | 0 |
Conversion Fees | 0 | 0 |
Misc. Fees | 0 | 0 |
Overnight Fees |
Deposit & Withdrawal
Minimum deposit (in UAE) | $100.00 | 0 |
Bank Wire | ||
Credit/Debit Card | ||
Cash | ||
Check | ||
Islamic Account Transfer | ||
E-payments | ||
Paypal | ||
Skrill | ||
Neteller |
Assets
Shares | 0 | 0 |
ETF & Funds | 0 | 0 |
Crypto | 0 | 0 |
Commodities | 0 | 0 |
Indices | 0 | 0 |
Options | 0 | 0 |
Futures | 27 | 0 |
Bonds | 0 | 0 |
Forex Instruments | 84 | 70 |
CFD Indices & Funds | 21 | 12 |
CFD Stocks | 150 | 0 |
CFD Commodities | 16 | 35 |
CFD Crypto | 0 | 0 |
CFD Bonds | 0 | 3 |
Binary Options | 0 | 0 |
SWAPS | 0 | 0 |
Saving Plans | 0 | 0 |
Research & Education
Webinars | ||
Educational Resources | ||
Daily News Updates | ||
Market Indepth Analysis | ||
Pers. Training & Room | ||
Market Research |
Customer Support
Phone | ||
Live Chat | ||
24/7 support | ||
Multilingual | ||
Personal Account Manager |
Winner
IronFX vs. OandA Comparison Conclusion
The results of our comparison of IronFX vs. OandA are involved the table listed below.
Broker: | Best For: |
IronFX | Forex and CFD Trading & Social Copy Trading |
OandA | Forex and CFDs |
Choosing the right selection in between IronFX and OandA can be hard. Both on-line brokers have similarities but vary regarding trading instruments, systems & applications, law, deposit & withdrawals, and research and education and learning. Picking the very best broker depends on users’ trading & financial investment goals, individual choices, and experience level.
To make a better-informed decision, users can read our detailed broker reviews, comparison or use our broker selector to help them find the ideal broker.