IronFX Review
IronFX is a leading international online trading brokerage that competently provides online trading services for a wide array of tradeable assets. The brokerage actively serves customers from over 180 countries around the world and provides support in over 30 different languages. IronFX is based out of Cyprus with their headquarters located at 2, Iapetou Str., Agios Athanasios, 4101 Limassol, Cyprus.
Also, IronFX has 3 other global offices to better serve their international customers and they are located in London England, Sydney Australia, and Johannesburg South Africa. All in all, IronFX is a large and accomplished online trading brokerage that provides top of the line trading services and an extensive array of tradable instruments. While IronFX has seen international success, are they the brokerage for you? After all, there are numerous competent online trading brokers to choose from so how do you know which one to choose? Well, in the following review we delve deep into all aspects of IronFX so that you can decide whether IronFX is right for you and see how they stack up to the competition.
IronFX Video Review
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Regulations
Since IronFX is a globally recognized trading brokerage with offices around the world, they have managed to become authorized and regulated in multiple jurisdictions to provide online trading services. For instance, IronFX is licensed and regulated by the UK Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), the Financial Services Board (FSB) in South Africa, and the Cyprus Securities and Exchange Commission (CySEC).
Reliability
IronFX is a highly reliable online trading brokerage for a variety of reasons. For instance, they are regulated by 4 reputable regulatory authorities which ensure that the brokerage operates in a safe, fair, and transparent manner. Also, IronFX has established in 2010 and has years of experience in the online trading industry. As well, IronFX has been awarded numerous awards for their investment products and services across multiple international awarding bodies. Furthermore, IronFX holds their client funds in secured tier 1 bank accounts that are segregated from their own to maintain a high level of security and transparency. All in all, IronFX is a very safe, secure, and reliable online trading brokerage.
Trading Platforms
IronFX provides their traders with the entire suite of the ever popular Meta Trader 4 (MT4) trading platforms. The MT4 trading platforms available include both the desktop and web-based platforms and mobile trading platforms. The Meta Trader 4 platforms are widely adopted by brokers around the world and are the platform of choice for most traders.
IronFX’s MT4 trading platforms are intuitively designed and personalized to the IronFX brand and are great for both beginner and experienced traders. The platforms feature an extensive number of sophisticated features such as a complete charting package with one click trading capability. As well, traders can participate in automated trading with the use of Expert Advisors (EAs) which you advanced algorithms that are made possible with the platforms MLQ4 programming language. Traders can place multiple advanced order types that receive lightning-fast execution times. Also, traders have access to real-time news and price feeds as well as activity reports, watch lists, and notifications. All in all, the IronFX Meta Trader 4 platforms are of premium quality and suite the needs of nearly every type of trader.
IronFX Mobile Trading
As mentioned above, IronFX features the highly advanced mobile trading platform, Meta Trader 4 (MT4). The MT4 mobile trading application is compatible with all smart mobile devices and can be downloaded from the Apple App Store, the Google Play Store, and the Windows Apps Store. The mobile platform supports many of the same features as the desktop and web-based platforms, only everything has been optimized for use on a mobile device. The mobile trading interface is very fast and operates very smoothly. Traders have the ability to place orders, manage their portfolio, conduct chart analysis, and more. All in all, the IronFX MT4 mobile trading platforms do not disappoint and are some of the best mobile trading platforms in the industry.
Trade Types/Instruments
IronFX provides their traders with an extensive array of tradeable instruments that span the global markets. In total, IronFX features over 200 financial instruments to trade including forex, spot metals, stocks, futures, spot indices, commodities, and cryptocurrencies.
IronFX Account Types
IronFX is an online trading brokerage that caters to the needs of every kind of trader no matter what their experience level. Therefore, the brokerage offers traders 8 different account types to choose from and offers institutions or businesses 4 different accounts to choose from. See these accounts overviewed below.
Micro Account
Minimum deposit $100
Ability to trade micro lots
Fixed or Variable spreads
Dedicated Account Manager
Premium Account
Minimum deposit $2,500
Fixed or Variable spread
Dedicated Account Manager
Department hotline
VIP Account
Minimum deposit $20,000
Fixed or Variable spread
Dedicated Account Manager
Department hotline
Absolute Zero Account
Spreads from 0.0 pips
Leverage up to 1:30
Ability to trade micro lots
STP/ECN Accounts
Minimum deposit $500
Spreads from 0.0 pips
Leverage from 1:1 to 1:200
STP No Commission and STP Zero Spread account
Ability to trade micro lots
Zero Fixed Spread Account
Minimum deposit $500
Ability to trade micro lots
Dedicated Account Manager
Low commissions
Mirror Account
Lower risk, lower return strategy
Lower stop out levels
Instant internal transfers
Leverage up to 1:30
Absolute Zero Plus Account
Spreads from 0.0 pips
$10 IB commission
Leverage up to 1:30
Ability to trade micro lots
Commissions & Spreads
The fees and commissions vary greatly depending on the account type chosen. Larger investors and traders benefit from lower commissions and spread due to their higher trade volume. For smaller account sizes, the fees and commissions are higher than many other trading brokerages so IronFX is best suited for more serious traders.
Deposits & Withdrawals Options
IronFX provides their customers with a variety of reliable deposit and withdrawal options. Deposits are free of charge while withdrawal fees vary depending on the method used. See below the available deposit and withdrawal methods.
Deposits
Bank Wire Transfer
Cardpay
Credit Cards
CSC24Seven
Dinpay
Dotpay
Ecommpay
Neteller
Safecharge
Skrill,
Webmoney
Withdrawals
Credit Card/Debit Card
Bank Wire
Skrill
Neteller
FASAPAY
China Union
DotPay
Mail Order & Telephone Order (MOTO)
Bonus & Promotions
IronFX believes in rewarding their loyal clients and incentivizing new ones to sign up by offering an array of lucrative bonuses and promotions. The bonuses and promotions offered changed from time to time but usually include; cash rebates, refer a friend bonus, cash back, reward points, trading bonuses, and competitions.
Customer Support
IronFX provides their customers with exceptional customer support. Traders can reach support representatives 24 hours a day, 5 days a week via phone, email, and live chat. The response times are very quick and support representatives are always helpful and informative with their responses.
Pros and Cons
Pros
Excellent selection of trading platforms
A wide array of tradable instruments
Highly regulated and reputable broker
Great customer support
Cons
Fees and commissions can be high
No spread betting
IronFX Q&A
Yes. IronFX is licensed and regulated by the FCA, ASIC, FSB, and the CySEC.
IronFX is based in Cyprus with their headquarters located at 2, Iapetou Str., Agios Athanasios, 4101 Limassol, Cyprus.
How does IronFX make money?
IronFX makes its money by charging traders small spreads on the trades that they executed through the broker. Also, depending on the account type, IronFX collects commissions on trades.
How do I deposit in IronFX account?
Deposits can be made via the following methods; Bank Wire Transfer, Cardpay, Credit Cards, CSC24Seven, Dinpay, Dotpay, Ecommpay, Neteller, Safecharge, Skrill, and Webmoney.
How do I withdraw money from IronFX?
Withdrawals can be made via the following methods; Credit Card/Debit Card, Bank Wire, Skrill, Neteller, FASAPAY, China Union, DotPay, Mail Order & Telephone Order (MOTO).
How do I open an account with IronFX?
To open an account with IronFX, all you must do is fill out the application form via the IronFX website, provide them with your personal identification information, and fund your account.
Yes. IronFX has been competently offering online trading services since 2010.
Does IronFX use MetaTrader?
Yes, IronFX uses all of the MetaTrader 4 platforms.
The maximum leverage provided by IronFX is 1:200.
No. IronFX is not a scam as it is licensed and regulated in numerous jurisdictions and has active traders from over 180 countries around the world.
IronFX is a safe broker as it is compliant with all regulatory requirements and uses the latest encryption technology to keep their trader’s personal information safe. As well, they have years of experience operating in the online trading industry and are highly regulated.
Conclusion
IronFX is a highly reputable online trading brokerage with a global customer base and a wide offering of financial instruments. The brokerage is well respected in the industry and provides lucrative trading services for every level of trader. IronFX offers various account types and different types of fees and commissions, which give traders many options to choose from. The broker takes customer satisfaction very seriously and provides exceptional customer support and various educational resources. All in all, IronFX is a lucrative online trading brokerage worth checking out.
