Formax Market Vs IronFX

How Formax Market and IronFX Compare in 2024

Formax Market or IronFX who is better?

Compare FORMAX MARKET Versus IRONFX and IC Markets broker accounts.


Compare Formax Market Vs IronFX Side by Side

So you are looking for a broker, Formax Market or IronFX who should you choose?

When trading on financial markets you will want to know all about who Formax Market or IronFX are, and how they compare. You will naturally want to know how long Formax Market and IronFX have been in business and what reputation Formax Market and IronFX have. On top of this, you will need to discover if Formax Market and IronFX match your trading needs.

Having a reputable and dependable broker is crucial to your trading. The reason for this is quite a simple one You need to be sure in the knowledge that your money is in a segregated bank account with a financially regulated broker. Let us see how Formax Market and IronFX compare.

Well in our side by side comparison we make it easier for you to see what is right for you. As with anything the final decision on which broker to trade with should ultimately be based on what and how you going to trade.

Our comparison will help you judge the effectiveness, price, ease of use and support trustworthiness of Formax Market and IronFX side by side.

If you're itching to start trading, we can assist you in making a well-informed decision when comparing Formax Market and IronFX. By comprehensively comparing Formax Market and IronFX features and services, you can choose a trading platform that best suits your needs and preferences. We aim to equip you with the knowledge to make an educated decision and feel confident in your trading journey with Formax Market, IronFX or an alternative broker.

Our Comparebrokers.co team has painstakingly spent months assessing different brokers accounts. We collected over 1200 data points on Formax Market and IronFX. To simplify things, we analyzed everything for you and provide the main points in relevant blocks on this page.

Regulation alongside currency availability is important when deciding upon a broker. It is very important when selecting a broker like the Formax Market platform or IronFX that they are regulated. To finish off our comparison, let's look at the popular tools and features traders prefer side by side.


Formax Market

(0/5)
Benefits of Formax Market?
  • Established in 2012
  • Formax Market have been in business for 12 years.
  • Head quarters in UK.
  • Live Chat
  • Segregates clients funds
  • Formax Market Min deposit $1
Formax Market screenshot
Reputation Support
Low
Low

Formax Market Regulation

Formax Market is regulated by the Unregulated.

Excluded Countries

US

Formax Market Fees

Deposit fee Varies
Commission
Inactivity fee
Withdrawal fee No
Min trade Varies
Max trade Varies
Min deposit $1
View all spreads
& fees here
Losses can exceed deposits

Funding Methods

Credit card
Bank transfer
American Express
PayPal
Neteller
Skrill
Bitcoin

Payment processing time
Varies

Withdrawal processing time
Varies
See all Formax Market
funding options here
Losses can exceed deposits

Formax Market Features

Apple application available
Android application available
Windows application available
Can Set Price alerts
Variable spreads (Forex)
Scalping trading
Hedge trading
Stop loss orders
Limit orders
One click trading available
Trailing stops available
Expert advisors (Metatrader)
Virtual private server (VPS)
Direct market access (DMA)
ECN broker (Forex ECNs)
STP broker (STP)
Market maker
Trading Signals

Formax Market Platforms

MT4, Mirror Trader, Tablet & Mobile apps

Formax Market Languages

See Formax Market
features here
Losses can exceed deposits

Financial Markets

Forex (Currency)
Majors
Indices
Penny stocks
Dow Jones
FTSE
Dax
Nikkei
IPO
ETFs
Bitcoin CFD
Metals
Agriculturals
Energies
See Formax Market
instruments here
Losses can exceed deposits

Formax Market Account Types

Demo account
VIP account
Micro account
Standard account
Zero spread account
Islamic account

The information used on comparebrokers.co was updated directly from the Formax Market website. Our records were last updated on .

Visit Formax Market today
Losses can exceed deposits

IronFX

(3/5)
Benefits of IronFX?
  • Established in 2010
  • IronFX have been in business for 14 years.
  • Head quarters in Cyprus.
  • Live Chat
  • Segregates clients funds
  • IronFX Min deposit $500
IronFX screenshot IronFX sign up here
Your capital is at risk
Reputation Support
Good
Good

IronFX Regulation

IronFX is regulated by the Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC).

Excluded Countries

US, IR, CU, SD, SY, KR

IronFX Fees

Deposit fee No
Commission No
Inactivity fee No
Withdrawal fee Varies
Min trade 0.01 Lot
Max trade None
Min deposit $500
View all spreads
& fees here
Your capital is at risk

Funding Methods

Credit card
Bank transfer
American Express
PayPal
Neteller
Skrill
Bitcoin

Payment processing time
Varies

Withdrawal processing time
Varies
See all IronFX
funding options here
Your capital is at risk

IronFX Features

Apple application available
Android application available
Windows application available
Can Set Price alerts
Variable spreads (Forex)
Scalping trading
Hedge trading
Stop loss orders
Limit orders
One click trading available
Trailing stops available
Expert advisors (Metatrader)
Virtual private server (VPS)
Direct market access (DMA)
ECN broker (Forex ECNs)
STP broker (STP)
Market maker
Trading Signals

IronFX Platforms

MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps

IronFX Languages

English, Bulgarian, Chinese, French, German, Greek, Hebrew, Hindi, Hungarian, Indonesian, Italian, Japanese, Korean, Malay, Polish, Portuguese, Romanian, Russian, Spanish, Thai, Vietnamese, Arabic Bengali, Urdu, Czech, Farsi, and Slovakian

See IronFX
features here
Your capital is at risk

Financial Markets

Forex (Currency)
Majors
Indices
Penny stocks
Dow Jones
FTSE
Dax
Nikkei
IPO
ETFs
Bitcoin CFD
Metals
Agriculturals
Energies
See IronFX
instruments here
Your capital is at risk

IronFX Account Types

Demo account
VIP account
Micro account
Standard account
Zero spread account
Islamic account

The information used on comparebrokers.co was updated directly from the IronFX website. Our records were last updated on .

Visit IronFX today
Your capital is at risk

IC Markets

(4/5)
Benefits of IC Markets?
  • Established in 2007
  • IC Markets have been in business for 17 years.
  • Head quarters in Australia.
  • Live Chat
  • Segregates clients funds
  • IC Markets Min deposit $200
IC Markets screenshot IC Markets sign up here
Losses can exceed deposits
Reputation Support
Good
Good

IC Markets Regulation

IC Markets is regulated by the Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC).

Excluded Countries

US, IR, CA, NZ, JP

IC Markets Fees

Deposit fee Varies
Commission Yes
Inactivity fee No
Withdrawal fee No
Min trade 0.01 Lot
Max trade None
Min deposit $200
View all spreads
& fees here
Losses can exceed deposits

Funding Methods

Credit card
Bank transfer
American Express
PayPal
Neteller
Skrill
Bitcoin

Payment processing time
Varies

Withdrawal processing time
Varies
See all IC Markets
funding options here
Losses can exceed deposits

IC Markets Features

Apple application available
Android application available
Windows application available
Can Set Price alerts
Variable spreads (Forex)
Scalping trading
Hedge trading
Stop loss orders
Limit orders
One click trading available
Trailing stops available
Expert advisors (Metatrader)
Virtual private server (VPS)
Direct market access (DMA)
ECN broker (Forex ECNs)
STP broker (STP)
Market maker
Trading Signals

IC Markets Platforms

MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android

IC Markets Languages

English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more

See IC Markets
features here
Losses can exceed deposits

Financial Markets

Forex (Currency)
Majors
Indices
Penny stocks
Dow Jones
FTSE
Dax
Nikkei
IPO
ETFs
Bitcoin CFD
Metals
Agriculturals
Energies
See IC Markets
instruments here
Losses can exceed deposits

IC Markets Account Types

Demo account
VIP account
Micro account
Standard account
Zero spread account
Islamic account

The information used on comparebrokers.co was updated directly from the IC Markets website. Our records were last updated on .

Visit IC Markets today
Losses can exceed deposits

Formax Market Vs IronFX Table of Contents

Formax Market and IronFX in Detail

Formax Market Review Screenshot

The Formax Market online trading platform gives traders from all over the world access to over 50 financial instruments including over 100 available instruments. There are over 10,000+ registered customers that have taken advantage of the Formax Market platform.

Formax Market are regulated by Unregulated.

Formax Market Review Screenshot

IronFX is a renowned Cyprus financial trading brokerage established in 2010.

IronFX serves customers globally and are regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC). Depending on the country you are trading from Formax Market may serve you from a different business entity to comply with its financial regulators.

IronFX is not listed on any stock market, does not disclose its yearly report on its website. This is not terribly unusual for a broker, but you will want to check all of this out before you continue. Financial regulation is the most important thing to consider. Formax Market is not listed as a PLC.

Benefits of Formax Market and IronFX Compared

Below, we will give you a summary of the benefits Formax Market and IronFX offer side by side.

Formax Market offers a minimum deposit of 1 while IronFX have a 500 minimum deposit.

Why smaller trading deposits are good and how Formax Market and IronFX compare

One primary and self-evident factor to remember is that you must only deposit an amount that fits your financial capacity with either Formax Market or IronFX. If you have limited financial resources, the broker with the most affordable deposit option will be more appealing. Formax Market requires a minimum deposit of 1, whereas IronFX mandates a minimum deposit of 500. One additional factor to consider while venturing into more precarious yet potentially lucrative financial instruments is to limit your speculation to a modest proportion of your designated trading funds. It's advisable not to be deterred by a broker's higher minimum deposit, whether it's Formax Market or IronFX, and instead focus on the comprehensive trading features offered by their platform. Frequently, a higher minimum deposit provides access to a wider range of financial assets and research tools on the trading platform.

Formax Market allows traders to trade up to 50 financial instruments while IronFX have around 100 on their trading platform.

The more instruments available on Formax Market and IronFX trading platforms the more potential financial instruments you can buy or sell for your portfolio. It is good to have a diverse portfolio and the options available to a user will always vary. Trading is all about grasping potential opportunities and you seriously do not want to miss out on a trading opportunity due to the limitations of Formax Market or IronFX.

The Formax Market trading platform has 0 stocks listed while IronFX has 101 stocks listed.

Formax Market allows retail traders to trade the following assets Forex, Social Trading on the Formax Market MT4, Mirror Trader, Tablet & Mobile apps trading platforms.

Alternatively IronFX allows retail traders to trade Forex, CFDs, Social Trading on the IronFX MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps trading platforms.

Compare Formax Market and IronFX in more detail below.

Drawbacks of Formax Market and IronFX Compared

Below we compare what drawbacks Formax Market and IronFX have side by side.

Various potential downsides can be associated with certain brokers, including Formax Market and IronFX. One primary drawback is the potential restrictions that may be imposed. Generally, the more diverse investment options available, the more favourable the situation. Another critical aspect to consider is the trading fees and commissions charged by Formax Market compared to IronFX. High trading fees and commissions can significantly impact potential profits. Additionally, essential factors to consider are the quality of trading research tools, educational resources, and the overall user-friendliness of Formax Market versus IronFX.

Broker Formax IronFX IC Markets
Inactivity Fees No No
Withdrawl Fees No Varies No
Withdrawal Processing Time Varies Varies Varies
Min Deposit 1 500 200
Social Trading Yes Yes Yes
Excluded Countries US US, IR, CU, SD, SY, KR US, IR, CA, NZ, JP

Formax Market Vs IronFX Available Financial Markets

The saying 'Variety is the spice of life' holds for financial markets. It is always advisable to have a diversified investment portfolio whether trading with Formax Market or IronFX. A diversified portfolio with Formax Market or IronFX can safeguard your investments from significant downturns in any particular market. For instance, when one stock rises, others may follow suit.

Conversely, when the market takes a downturn, it can be disastrous for your investments. The most effective investment portfolios cover potential risks and encompass many businesses and stocks. When creating a diverse investment portfolio with brokers like Formax Market or IronFX, it is recommended to have access to a variety of tradable assets, commodities, and securities on different trading platforms such as Formax Market and IronFX.

Broker Formax IronFX IC Markets
Instruments Available 50 100 2250
Offers share dealing No No Yes
Number of Shares 0 101 2,100
Offers US Stocks Yes Yes
Offers UK Stocks Yes Yes
Offers German Stocks Yes Yes
Offers Japanese Stocks Yes Yes
Offers Indices Trading Yes Yes
Number of Commodities 0 10 20
Offers Metals Commodities Yes Yes
Offers Energy Commodities Yes Yes
Offers Agricultural Commodities No Yes
Offers Forex Trading Yes Yes
Number of Forex Pairs 65 120 61
Offers Major Forex Pairs Yes Yes Yes
Offers Minor Forex Pairs Yes Yes Yes
Offers Exotic Forex Pairs Yes Yes Yes
Offers CFD Trading Yes Yes
Offers Social Trading Yes Yes Yes

Formax Market Vs IronFX Cryptocurrency Trading

Since the creation of Bitcoin, the world of cryptocurrencies has been booming, including on trading platforms like Both Formax Market and IronFX, and it's not difficult to see why. Cryptocurrencies have the potential to turn modest investments into millions, although this is a rare occurrence. This feat is hard to achieve compared to other financial instruments like stocks and shares. Both Formax Market and IronFX offer some form of cryptocurrency trading.

Bitcoin is the most popular cryptocurrency, but thousands of altcoins could experience a similar rise. Altcoins follow the same trajectory as Bitcoin, similar to how stocks rise and fall with the market.

Investing in cryptocurrencies with Formax Market or IronFX is considered a high-risk venture. The prices of cryptocurrencies can experience extreme highs and lows. If you choose to invest in cryptocurrencies, allocating only a fraction of your portfolio or trading budget to it is essential. Crypto trading with Formax Market or IronFX could lead to one of the most exciting trades you've ever made, depending on the market. Please remember that cryptocurrency availability on Formax Market, IronFX, and all brokers are subject to regulation.

We compare Formax Market vs IronFX Crypto options below side by side.

Broker Formax IronFX IC Markets
Allows Cryptocurrency Trading (availability subject to regulation) No Yes Yes
Cryptocurrencies Offered BTC, ETH, LTC, XRP BTC, BCH, ETH, LTC, DASH, XRP, EOS, EMC, NMC, PPC

Formax Market Vs IronFX Commission and Fees

knowing your trading and commission fees with Formax Market vs IronFX is extremely important. For the majority of the Formax Market 50 financial instruments and IronFX 100 available financial instruments .

The price you are being presented with will factor in the fee the broker takes. For example, if a financial asset is at 79.6. You might have to pay 79 to enter. Therefore, you will start with a small loss with Formax Market and IronFX. The bigger the fee, the bigger the issue is. Most alarmingly, some financial assets charge you to hold on to the asset overnight or over the weekend. Some commodities and stocks you are using leverage on may have overnight charges. Please check your fees with Formax Market and IronFX before you invest because you must know what you are paying.

You ideally want to choose a broker like Formax Market or IronFX that does not charge too much for withdrawal fees. High trading fees and commissions will eat into your profits. The fees will be noticeable if you have a low budget and do not intend to invest so much with Formax Market or IronFX. You want the withdrawal fee to be less than one per cent of what you are withdrawing but, more ideally, $5 to $10.

Your location or residence will have an impact on your potential Formax Market and IronFX fees, of course. Make sure you do your research and check the commission and fees with both Formax Market and IronFX before you invest anything.

Some brokers will charge inactivity fees. As the name suggests, this occurs when you have been inactive on your account for a certain period. Also, with Formax Market or IronFX be aware of or 3rd party payment provider fees and currency conversion fees.

Formax Market does charge inactivity fees, while IronFX does not charge inactivity fees.

Numerous notifications are usually sent to you as a reminder of dormant Formax Market and IronFX accounts, giving you sufficient time to decide on the appropriate course of action. You can opt to continue using your Formax Market or IronFX account, or choose to close it.

Usually, the associated fees for dormant Formax Market or IronFX accounts are quite minimal, and there is no need to panic, particularly when the issue can be easily resolved. It's always advisable to keep track of your live Formax Market or IronFX trading account activity to avoid any unnecessary fees or charges.

When you deposit money to a broker like Formax Market or IronFX you might need to pay deposit fees. The lower, the better. Most preferably, you would have to pay Formax Market or IronFX nothing for this. If this is the case, it can be a big problem. Constant deposits will eat into your profit, so this will take some consideration before you sign up.

Let's see how Formax Market vs IronFX compare side by side for commissions and fees.

Broker Formax IronFX IC Markets
Min Deposit 1 500 200
Inactivity Fees No No
Withdrawal Fees No Varies No
Deposit Fees Varies No Varies

Formax Market Vs IronFX Trading Platforms

We live in an accessible world these days. Therefore, your trading platform has to consider this. The ability to trade with the click of a button is essential and allows you to make trading decisions on the Formax Market and IronFX platforms when convenient. Without this, you cannot take advantage of every situation that may or may not occur in the financial markets.

Some brokers offer bespoke trading platforms, so if a particular broker does not offer the trading software you are looking for, their proprietary trading platform may be better. You must test this yourself with an Formax Market or IronFX demo account.

Broker Formax IronFX IC Markets
Offers MT4 Yes Yes Yes
Offers MT5 No No Yes
Offers cTrader No No Yes

Formax Market Vs IronFX Mobile Trading

Trading on your mobile with Formax Market and IronFX can be very useful. Why is this? Well, the stock market sees market movement every second. If you are not near your desktop computer, you will probably be near and have access to your phone and Formax Market and IronFX mobile trading apps. This way, you can take advantage of all potential trading opportunities mobile trading with Formax Market or IronFX. For example, a stock might move to an all-time low when you are out. In this instance, having access to mobile trading with Formax Market or IronFX can help limit your risk and trade on the move.

If you own an iPhone, having an IOS Apple mobile trading app with Formax Market or IronFX is essential. Likewise, if you have an android phone, it's crucial to verify if Formax Market or IronFX broker provides an app compatible with Android devices. If you use Microsoft Windows tablets or phones, you must also check if Formax Market and IronFX have trading apps compatible with your device.

Broker Formax IronFX IC Markets
Web Platform Yes Yes Yes
IOS Trading App Yes Yes
Android Trading App Yes Yes
Microsoft Trading App No Yes

Formax Market Vs IronFX Trading Account Types Offered

Formax Market Vs IronFX Demo Account

A demo account with Formax Market or IronFX is extremely useful for people without trading experience. This way, you risk none of your money and test your trading skills in a safe environment. For people with next to no knowledge of trading, we recommend fully signing up with an Formax Market and IronFX demo account.

Formax Market Vs IronFX Micro Account

Micro accounts are trading accounts used by Forex traders that allow them to trade with smaller amounts of capital than standard trading accounts. Micro accounts require a smaller minimum deposit, usually ranging from $1 to $500, and offer smaller trade sizes than standard accounts, allowing traders to manage their risk more effectively.

If you need a micro account check if Formax Market or IronFX offer micro trading accounts in your region.

Overall, micro accounts provide a flexible and cost-effective way for Forex traders to enter the market and gain valuable trading experience while minimizing risks. However, traders need to remember that Forex trading carries significant risks, and they should always approach trading with caution and sound risk management strategies.

Both Formax Market and IronFX do offer Micro accounts.

Formax Market Vs IronFX Standard Account

A standard account is available on Formax Market and IronFX to more experienced traders. This account allows users to trade on stocks, commodities, crypto etc. To open one of these retail investor accounts, users must trade with at least $100. Standard trading accounts are what the majority of people will seek to use.

Both Formax Market and IronFX do offer clients Standard accounts.

Formax Market Vs IronFX MAM Account

A MAM (Multi-Account Manager) account is typically used by professional traders. It allows a trader to manage multiple individual trading accounts from a single master account, making it easier to execute trades and manage risk across multiple clients. MAM accounts can help streamline the trading process and improve efficiency for trader and their clients. If you need a MAM account check if MAM accounts are available with Formax Market or IronFX or alternative.

Both Formax Market and IronFX do offer clients MAM accounts.

Formax Market Vs IronFX ECN Account

The primary purpose of ECN accounts is to provide traders with faster execution speeds and better pricing by connecting them directly to the market. ECN accounts allow traders to exploit the tightest spreads and access the deepest liquidity pools.

ECN accounts are used for fast and efficient trading, with lower transaction costs and greater transparency. While they may not be suitable for all traders, those with the necessary experience and expertise can benefit greatly from using an ECN account.

If you need a ECN account check they are available with Formax Market or IronFX or alternative.

Both Formax Market and IronFX do offer clients ECN accounts.

Formax Market Vs IronFX Islamic Account

An Islamic account is for people who respect the Quran and want to invest in the Islamic stock market. Islamic trading accounts might seem very niche, but it is essential for those concerned as it follows certain ethics concerning the principles of Islam. They are also referred to as swap-free accounts.

If you need a Islamic account check they are available with Formax Market or IronFX or alternative.

Both Formax Market and IronFX do offer clients Islamic accounts.

Formax Market Vs IronFX STP Account

Straight Through Processing or STP is where a requested client's trade orders are sent directly to the markets. STP brokers aim to reduce all conflicts of interest. STP is a non-dealing desk trading method aimed mainly at Forex traders.

If you need a STP account check they are available with Formax Market or IronFX or alternative.

Both Formax Market and IronFX offer clients STP accounts.

Formax Market Vs IronFX Managed Account

A managed account is a type of investment account where a professional manager or investment firm is responsible for making investment decisions on behalf of the account owner. The account owner typically retains ownership of the underlying assets but delegates responsibility for managing those assets to the manager.

While some managed accounts require significant investment minimums to access the services of a professional manager, many brokers now offer variations of managed accounts that can be accessed with smaller investment amounts. It's important to note that the fees associated with managed accounts can vary widely depending on the level of service the manager provides and the investment strategy employed. Investors should carefully evaluate the costs and benefits of managed accounts before making an investment decision.

Formax Market does offer clients Managed accounts, while IronFX does not offer clients Managed accounts.

Broker Formax IronFX IC Markets
Offers Demo Accounts Yes Yes
Offers Micro Accounts Yes No
Offers Standard Accounts Yes Yes Yes
Offers MAM Accounts Yes Yes Yes
Offers ECN Accounts Yes Yes No
Offers Islamic Accounts Yes Yes Yes
Offers STP Accounts Yes Yes No
Offers Managed Accounts No No

Formax Market Vs IronFX Withdrawal and Funding Methods

Formax Market and IronFX have multiple deposit and withdrawal options. Funding and withdrawing from your Formax Market and IronFX accounts to your chosen payment method should be straightforward. Lets see how Formax Market and IronFX compare with each other. Be aware that depending on your payment method, there may be additional processing fees from your payment provider or bank for processing and converting your funds. Not all potential fees will come from Formax Market or IronFX.

Broker Formax IronFX IC Markets
Payment Methods Credit cards, Bank Transfer, Neteller, UnionPay, Credit cards, Bank Transfer, Neteller, FasaPay, Debit cards, Payoneer, Credit cards, Debit Cards, PayPal, Wire Transfer, Neteller, Neteller VIP, Skrill, UnionPay, Bpay, FasaPay, Broker to Broker, POLI, Thai Internet Banking, RapidPay, Klarna, Vietnamese Internet Banking, Online Digital Wallets, USDT (Tether),

Formax Market Vs IronFX Customer Support Compared

Customer support is essential when trading. Even professional traders will eventually need the help of Formax Market or IronFX support. Customer support is especially important for traders starting with little knowledge. If you are starting out, you will want to ensure the Formax Market and IronFX support is always available when needed. Formax Market and IronFX customer support is not just useful. broker customer support is crucial to your trading success!

Formax Market Vs IronFX Live Chat

Live chat is important for several reasons. When you encounter a problem with Formax Market or IronFX trading platforms, it is nice to know that the problem has the potential to be sorted out then and there. Also, speaking to someone live is much less frustrating than speaking to someone through several emails.

Both Formax Market and IronFX offer livechat support.

Formax Market Vs IronFX Email Support

When trading CFDs, stocks, commodities, currencies, cryptocurrencies or any other financial instruments with either Formax Market or IronFX you will find Email support is also very useful. Sometimes you might have a more complex question requiring a specific part of the Formax Market or IronFX support team to answer satisfactorily. Email support with Formax Market and IronFX will be needed.

Both Formax Market and IronFX offer email support.

Formax Market Vs IronFX Phone Support

Although most queries can be resolved with the need of a phone call, it is nice when we can explain ourselves with a live human being at either Formax Market or IronFX. We can get straight to the point, saving us time and frustration.

Both Formax Market and IronFX offer phone support.

Lets see how Formax Market and IronFX customer support compare side by side.

Broker Formax IronFX IC Markets
Offers Live Chat Yes Yes Yes
Languages English, Bulgarian, Chinese, French, German, Greek, Hebrew, Hindi, Hungarian, Indonesian, Italian, Japanese, Korean, Malay, Polish, Portuguese, Romanian, Russian, Spanish, Thai, Vietnamese, Arabic Bengali, Urdu, Czech, Farsi, and Slovakian English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more
Support Email [email protected] [email protected] [email protected]
Phone =+44 (0)203 819 3100 44(0) 203 282 7777 No

Formax Market Vs IronFX Regulation and Licensing

Never trade on a market that is not sufficiently regulated. Only submit your bank card information or invest money on financially regulated websites. It would help if you made sure with certainty that your money is held with a regulated brokerage. Checking whether Formax Market and IronFX are regulated is not a hard task. The more reputable and mainstream brokers will proudly display their regulation certificates on their site, and if you cannot see that Formax Market or IronFX have these in place, please be extremely cautious before you proceed with them.

We compare Formax Market Vs IronFX financial regulation and licensing side by side below.

Broker Formax IronFX IC Markets
FCA Regulation No Yes No
CySEC Regulation No Yes Yes
MiFID Regulation No No No
ASIC Regulation No Yes Yes
FSCA Regulation No No No
DFSA Regulation No No No
MAS Regulation No No No

Formax Market Vs IronFX Risk Management Features

When trading with either Formax Market or IronFX you will want to understand and make full use of all the risk management features on your Formax Market or IronFX trading platforms.

We compare side by side the trading risk management features offered by Formax Market and IronFX below.

Formax Market Vs IronFX Hedging

What is hedging? Have you ever heard of the expression 'to hedge ones bets'? Hedging means not speculating solely on the outcome of one event, as holding all your assets in one place could be risky. Hedging in finance means being able to trade to protect yourself from huge risks by limiting risk using diversification. Hedging can be done, for example, by speculating on a stock to rise and against it to rise by using different amounts or different amounts of leverage.

Both Formax Market and IronFX do offer clients hedging.

Formax Market Vs IronFX Stop Loss

Stop loss orders are very useful for more volatile investments, especially when speculating on a stock or Forex currency pair. In a normal trade, you cannot lose more than what you invested, but this is not the case when you are using leverage. Under these terms, it is always good to set a stop loss to protect yourself from any vicious results.

Both Formax Market and IronFX do offer clients stop losses. Stop Loss and Take Profit are not guaranteed on Formax Market or IronFX. You must still monitor any live trades and your financial exposure and financial risk.

Formax Market Vs IronFX Limit Orders

Every broker should allow users to place a limit order. Limit orders are when you have the order to buy a financial instrument at a specific price. Your trade will be executed when the financial asset hits a set price. Limit orders are extremely useful as they allow you to buy stock at a better price! It would be very time-consuming to wait for a stock to fall to a price you would ultimately be satisfied by. Therefore, you can already imagine what helping limit orders can be in your trading career.

Both Formax Market and IronFX do offer clients limit orders.

Formax Market Vs IronFX Negative Balance Protection

Negative balance protection is there to protect its customers. Customers need protection as trading can be volatile, and not everybody who invests knows the full consequences of their trade.

Negative balance protection works like this: Say you invest $50, but your trade can lose $125 because you have used leverage. You will need $125 available in your account to do this trade. Negative balance protection is essential, as it would be unfortunate if you received an unexpected bill from a broker one day.

Formax Market does not offer clients negative balance protection, while IronFX does offer clients negative balance protection.

Broker Formax IronFX IC Markets
Offers Hedging Yes Yes Yes
Negative Balance Protection No Yes Yes
Guaranteed Stop Loss No No No
Offers Limit Orders Yes Yes Yes
Offers Trailing Stops Yes Yes Yes

Formax Market Vs IronFX Verdict

We hope this Formax Market Vs IronFX guide has helped you decide who is best to trade with out of Formax Market and IronFX.

When choosing a broker like Formax Market or IronFX for trading, it's important to ensure your money is held in a segregated bank account. Your live trading funds with Formax Market or IronFX are kept separate from the broker's funds and can be returned to you if the broker faces financial difficulties or insolvency when signing up with brokers such as Formax Market or IronFX, it's crucial to verify that they offer this safeguard. By doing so, you can have greater peace of mind and confidence in the safety of your funds as you engage in trading activities with Formax Market or IronFX.

Also, before you sign up with online brokers like Formax Market or IronFX, make sure you know what you are doing. Simple advice, we admit, but we know from experience how many people decide to start trading and then ask questions later. Please know what you are doing with Formax Market or IronFX before investing money into something.

Beware of the risks that come with trading with Formax Market or IronFX. The financial markets can be volatile, and investments can go down and up. Educate yourself, and use all Formax Market and IronFX educational resources and financial research tools. If you are new to trading, sign up for a demo account with Formax Market and IronFX to find which suits you and your trading style.

Some of you might be thinking about what we mean when we say 'trading style'. Here are a few examples. A day trader using Formax Market or IronFX will look to open positions and close them on the same day. Day trading in this way will require a broker that specialises in this. To do this with some brokers would be a bad idea because of the commission and fees involved. Check if Formax Market and IronFX fees match your trading requirements.

Alternatively, you could be on the end of this scale and decide to wait years before you close your investments with Formax Market or IronFX if your investment strategy is more long-term.

Formax Market and IronFX Alternatives

If Formax Market and IronFX are not what you are not quite what you are looking for we list some of the best Formax Market and IronFX alternatives below.

Other Formax Market and IronFX Vs Comparisons

If you are still looking for an alternative to Formax Market and IronFX and want to see how Formax Market or IronFX compares Vs other brokers check out the Formax Market Vs and IronFX Vs list below.

Formax Market Vs Alternatives

Still not happy have a look at some of our alternative Formax Market Vs side by side comparisons below

IronFX Vs Alternatives

Still not happy have a look at some of our alternative Formax Market Vs side by side comparisons below

Formax Market Vs IronFX Frequently Asked Questions

We answer some of the most frequently asked Formax Market Vs IronFX questions below.

Is Formax Market any Good?

Knowing that a broker is legit is the first thing you should check before signing up with a broker. Is Formax Market legit? - Formax Market are regulated by Unregulated and have been in business since 2012

Is IronFX any Good?

IronFX are regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) and have been in business since 2010.

Which is better Formax Market or IronFX?

Formax Market and IronFX do not have a high rating, so we recommend trading with a more reputable alternative broker.

Is Formax Market a con?

Formax Market is regulated by Unregulated and have been in business since 2012. We recommend looking at a Formax Market alternative that has more financial regulation.

Is IronFX a con?

IronFX is regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) and have been in business since 2010. IronFX is most definitely not a con as they are regulated by major financial regulators.

What happens if Formax Market or IronFX go bust?

Formax Market and IronFX are regulated, which means that as part of their regulatory obligations Formax Market and IronFX have to offer a certain level of financial protection to their clients. Formax Market and IronFX should by law keep client funds separate from Formax Market and IronFX funds. If either Formax Market or IronFX goes bankrupt, they should not have access to your money. Customer accounts should be segregated. A financial services compensation scheme differs from country to country, so check this on the Formax Market and IronFX websites and regulators.

Are Formax Market or IronFX good for beginners?

Formax Market and IronFX offer low deposits and access to a selection of market insights and news resources. Both Formax Market and IronFX offer demo accounts. Demo trading accounts are a big plus for Formax Market and IronFX as it shows they are interested in their customers.


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Losses can exceed deposits