IronFX
Wealthsimple
VS
Higher Rated
IronFX
Capital at risk · T&Cs apply
Choosing between IronFX and Wealthsimple depends on your trading style, preferred markets, and budget. IronFX is headquartered in Limassol, Cyprus, while Wealthsimple operates from Toronto, Canada. IronFX has the longer track record, established in 2010, compared to Wealthsimple which was founded in 2014. 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
Wealthsimple
IronFX is the better choice overall, scoring 3.7/5 vs 3.2/5 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 3.2
Lowest Fees
Tied
0 vs 0 pips
Regulation
IronFX
4 vs 1 licences
Min. Deposit
Wealthsimple
$100 vs $0
IronFX
Wealthsimple
IronFX
Wealthsimple
Lower feesIronFX holds licences from FCA, ASIC, CySEC. Wealthsimple is regulated by SEC.
IronFX additionally covers Forex, Cfd, Indices, Commodities, Metals. Wealthsimple adds Stocks, Crypto.
IronFX supports MT4, MT5. Wealthsimple offers Proprietary Web, Proprietary Mobile.
IronFX requires a minimum deposit of $100, while Wealthsimple sets no minimum deposit. This makes Wealthsimple accessible to traders with any budget.
BrokerRank scores IronFX at 3.71/5 and Wealthsimple at 3.20/5, 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 Wealthsimple's 3.2/5. 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 Wealthsimple starts at 0 pips. Check the fees section above for a full breakdown.
IronFX requires a minimum deposit of $100. Wealthsimple requires $0.
IronFX is regulated by CySEC, FCA, ASIC, FSCA, while Wealthsimple holds licences from SEC.
IronFX supports MT4, MT5. Wealthsimple supports Proprietary Web, Proprietary Mobile.
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
BrokerRank Research — Hidden costs across 345 brokers
58% of Brokers Hold a Single Licence
BrokerRank Research — Regulation quality analysis
71% of Retail Traders Lose Money
BrokerRank Research — Loss rates across 50 EU brokers
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.