IronFX
mBank
VS
Higher Rated
IronFX
Capital at risk · T&Cs apply
Choosing between IronFX and mBank depends on your trading style, preferred markets, and budget. IronFX is headquartered in Limassol, Cyprus, while mBank operates from Warsaw, Poland. mBank has the longer track record, established in 2000, compared to IronFX which was founded in 2010. This in-depth comparison covers regulation, fees, platforms, markets, and overall ratings to help you decide which broker is the better fit in 2026.
IronFX
mBank
IronFX is the better choice overall, scoring 3.7/5 vs 3.3/5 on BrokerRank's independent rating. On fees, IronFX offers lower spreads (0 pips).
See full side-by-side comparison belowOverall Rating
IronFX
3.7 vs 3.3
Lowest Fees
Tied
0 vs 0 pips
Regulation
IronFX
4 vs 1 licences
Min. Deposit
mBank
$100 vs $0
IronFX
mBank
IronFX
mBank
Lower feesIronFX holds licences from FCA, ASIC, CySEC. mBank is regulated by KNF.
Both brokers offer access to Forex, Cfd, Indices markets. IronFX additionally covers Commodities, Metals. mBank adds Stocks, Etf.
IronFX supports MT4, MT5. mBank offers Proprietary Web, Proprietary Mobile, mBank Trader.
IronFX requires a minimum deposit of $100, while mBank sets no minimum deposit. This makes mBank accessible to traders with any budget.
BrokerRank scores IronFX at 3.71/5 and mBank at 3.27/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. IronFX leads overall with a clear advantage.
IronFX scores higher overall on our independent rating system. IronFX holds a 3.7/5 rating vs mBank's 3.3/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
IronFX offers spreads from 0 pips, while mBank starts at 0 pips. Check the fees section above for a full breakdown.
IronFX requires a minimum deposit of $100. mBank requires $0.
IronFX is regulated by CySEC, FCA, ASIC, FSCA, while mBank holds licences from KNF.
IronFX supports MT4, MT5. mBank supports Proprietary Web, Proprietary Mobile, mBank Trader.
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
Only 26% of Brokers Are Truly Fee-Free
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76% of Brokers Use Proprietary Platforms
BrokerRank Research — MT4 vs MT5 vs proprietary
Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.