Admiral Markets vs IronFX Comparison
Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare Admiral Markets vs IronFX.
Can I trust Admiral Markets?
Admiral Markets has a trust score of 93, giving it a "Highly Trusted" trust label. Here's what each trust score label means:
- "Highly Trusted" (90-99) - These brokers are considered the most trustworthy firms in the industry. Simply put, we would not hesitate to open and fund an account with a Highly Trusted broker.
- "Trusted" (80-89) - These brokers are reliable and trustworthy. "Trusted" firms are a solid choice, and may simply hold fewer regulatory licences or feature different corporate structures than those brokers that have earned our top Trust Score rating.
- "Average Risk" (70-79) - Average Risk brokers are firms we generally consider to be safe, but that may warrant a closer inspection before you open and fund a live trading account. At the least, we always encourage traders to check the regulatory licenses for Average Risk firms to verify that they are regulated in their own country of residence.
- "High Risk" (60-69) - High-risk firms should be scrutinized and carefully reviewed before opening an account. These forex brokers are – in most cases – operating without credible regulatory licensing, and likely have a history of legal or financial issues. Before considering an account with a high-risk firm, we recommend checking our country guides for your country of residence to see if a more trusted broker is available.
- "Do Not Trust" (<59) - We do not recommend opening an account of any kind with a broker that earns a “Do Not Trust” rating.
Can I trust IronFX?
IronFX has a trust score of 84, giving it a "Trusted" trust label.
Is Admiral Markets a good broker?
Admiral Markets is a highly trusted multi-asset broker regulated in multiple reputable jurisdictions, earning it a Trust Score rating of 93. Admiral Markets delivers a powerful MetaTrader experience (including MetaTrader 5) with advanced supplemental features. With numerous platform add-ons and tools (including for social copy trading), premium market research resources, and excellent educational content, Admiral Markets is a good choice for forex traders.
Is IronFX a good broker?
Founded in 2010, IronFX is a trusted forex broker that holds licenses in multiple reputable regulatory jurisdictions, boosting its overall Trust Score. Traders at IronFX gain access to MetaTrader 4 and the broker's proprietary TradeCopier platform for social copy trading. The broker has also done a nice job putting together decent educational materials for beginner forex traders. That said, spreads at IronFX are higher than the industry average.
What Tier-1 jurisdictions is each broker regulated in?
Tier-1 regulators go above and beyond by requiring additional capital requirements, checking in on brokers more frequently, and putting brokers through a tougher screening process. Admiral Markets is Australia (ASIC Authorised), Canada (CIRO Authorised) and United Kingdom (U.K.) (FCA Authorised), while IronFX is Australia (ASIC Authorised) and United Kingdom (U.K.) (FCA Authorised).. Neither have Hong Kong (SFC Authorised), CBI Authorised (Ireland), Japan (SFC Authorised), Singapore (MAS Authorised), New Zealand (FMA Authorised), Switzerland (FINMA Authorised) and USA (CFTC Authorized)
What Tier-2 jurisdictions is each broker regulated in? What about Tier-3?
Tier-2 and tier-3 licenses are still important in evaluating the overall trustworthiness of forex brokers. As far as tier-2 licenses go, both Admiral Markets and IronFX are Cyprus (CySEC Authorised).. Neither have China (CBRC Authorised), India (SEBI Authorised), Israel (ISA Authorised), Russia (CBR Authorised), South Africa (FSCA Authorised), Thailand (SEC Authorised) and UAE (DFSA/Central Bank Authorised). When comparing tier-3 licenses Admiral Markets is none, while IronFX is Bermuda (BMA Authorised).. Neither have Bahamas (SCB Authorised), Belize (FSC Authorised), British Virgin Islands (FSC Authorised), Cayman Islands (CIMA Authorised), Mauritius (FSC Authorised) and Vanuatu (VFSC Authorised).
Which broker offers more trading platforms?
For trading platforms Admiral Markets supports a Proprietary Platform and Desktop Platform (Windows), whereas IronFX supports a Desktop Platform (Windows).. Neither have cTrader, DupliTrade and ZuluTrade
Does Admiral Markets offer MetaTrader? Does IronFX offer MetaTrader?
For MetaTrader Admiral Markets provides MetaTrader 4 (MT4) and MetaTrader 5 (MT5), while IronFX provides MetaTrader 4 (MT4). If MetaTrader is a must for you, read our guides on the best MT4 brokers or best MT5 brokers.
How do Admiral Markets and IronFX differ in terms of minimum deposit? What about average spreads and funding options?
Admiral Markets requires a minimum deposit of $100, while IronFX requires a minimum deposit of $50. From our testing we found Admiral Markets offers spreads of 0.8, while IronFX offers spreads of 1.2. Admiral Markets supports Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit), PayPal (Deposit/Withdraw) and Skrill (Deposit/Withdraw) for popular funding options, where IronFX supports Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit) and Skrill (Deposit/Withdraw).
Which broker offers more tradeable asset classes, Admiral Markets or IronFX?
Admiral Markets offers a more diverse selection of investment options than IronFX allowing you to trade Forex Trading (Spot or CFDs), Spread Betting, Social Trading / Copy Trading, Metals, Energies, Agriculturals, ETF and U.S. Stocks (CFD). Looking at total tradeable symbols, Admiral Markets has 6942, compared to 340 from IronFX.
Can I trade cryptocurrency with Admiral Markets or IronFX?
Crypto trading is popular with forex traders. Most crypto assets are offered either as the underlying physical asset or as a CFD or other derivative — including spot forex contracts. In terms of trading physical cryptocurrency neither Admiral Markets nor IronFX allow you to trade physical cryptocurrencies.
Who offers more research tools, Admiral Markets or IronFX?
Both Admiral Markets and IronFX offer a complete suite of research, providing traders with these tools: Daily Market Commentary, Stock Charts, Forex News (Top-Tier Sources), Trading Central (Recognia) and Social Trading / Copy Trading.. Neither have Autochartist
Overall winner: Admiral Markets
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We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.