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IronFX – Broker Review and Trader Feedback

3.9 / 5
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Binary options are not available to retail EU traders. If you are not a professional trader, please leave this page

IronFX was established in 2010 and it is regulated by 4 different jurisdictions such as FCA (UK), CySEC (Cyprus Securities Exchange Commission), FSB (South Africa) and ASIC (Australia). In addition, IronFX Global’s headquarters is based in Limassol and operates with global offices in London, Sydney, Johannesburg, Prague and Madrid.

1. General Information

IronFX offers a wide range of CFDs trading on Shares, Futures, Spot Indices, Metals, Commodities and Cryptocurrencies. Furthermore, IronFX serves clients in 30+ languages from more than 180 countries globally.

2. Advantages and Disadvantages

Regulations: This broker is regulated under several jurisdictions such as FCA, CySEC, FSB and ASIC assuring the economic strength of the broker and the integrity towards its clients.

Best Trading Environment: IronFX offers one of the lowest spreads in the market combined with flexible leverage up to 1:30 depending on the entity the trader is registered and the type of account.

Trading Execution: Instant Execution with no Slippage 99.62% of trades executed in milliseconds. Market Execution with No Requotes 100% of trades executed in milliseconds.

Utmost Liquidity: The broker cooperates with 16 investment rated banks providing instant access to one of the deepest liquidity pools.

Research and Analysis: IronFX research and strategy team prepares daily reports covering fundamental and technical analysis, overviews of the world economies and the financial calendar of economic announcements. These are sent to clients on a daily basis.

Excellent Customer Service: Dedicated account managers available to provide support around the clock. Toll free numbers are offered for 12 countries for the trader to call his account manager for any support. If we are not online the message will automatically be recorded, to be dealt with as soon they open their doors.

Safety of Funds: Clients investments and funds are held with utmost security, clarity and integrity.

Account Funding: Funding top-tier international banks via a simple client interface with no fees applied. IronFX offer various ways of depositing money into accounts such as Bank Transfer, Credit/Debit Card, Skrill, Neteller, we also have local funding methods such as Boleto for Brazil and many more.

Products and Platforms: IronFX offers 6 trading product types and 10 Trading Platforms.

3. Trading Conditions

In order to open an account with IronFX; traders have to invest minimum 50$ on live accounts and 500$ on STP/ECN accounts. IronFX offers 6 different trading accounts providing the opportunity to trader to select the perfect account according to his strategy. The three of the accounts are commission free (Live Floating Spread, Live Fixed Spread and STP No Commission). Spreads are variable from 1.1 pips and fixed 2.2 on EUR/USD. Premium and VIP accounts with better spreads are also available on bigger deposit amounts.

The maximum leverage with IronFX reaches 1:30 on a specific entity.

4. Underlying Assets

IronFX offers to clients the ability to trade in more than 130 currency pairs, oil and energy products, spot metals, agricultural commodities and a wide range of CFDs on indices, as well as stocks. IronFX has recently announced the launch of Cryptocurrency trading including Bitcoin, Etherium, Litecoin and Ripple.

5. Trading Platforms

IronFX focus business on Metra Trader 4 (MT4) which is the most preferable platform from the majority of traders from all over the world. It is available on PC, MAC, Mobile, Tablets as well as web version (online) which provides three trade execution modes (Instant, Market and also pending and stop orders). In addition, several technical indicators and various Expert Advisors (EAs) as well as advance charting package are available by using this platform.

Some more features of mt4 consists of: One Click Trading, history reports, real time price fees and news.

IronFX also offers a free VPS (Virtual Private Server) to clients who deposits or maintain a 5000$ balance for the following months. VPS is mostly used by traders using Expert Advisors (EAs), giving them the opportunity in trading robots and work more efficiently.

Furthermore, IronFX gives the opportunity for Money Managers and Professional Traders to use the Personal Multi-Account Manager (PMAM) and be able to trade on multiple Mt4 accounts simultaneously.

6. Mobile Trading

Considering the technology of 21st century, IronFX allows you to trade even if you are not at work and keep an eye on the financial market. The mobile application is easy to be used and it has almost the same features with the Desktop MT4. The only differences are in the layout and the size of separate elements of the interface. Mt4 application can be downloaded from Google Play and the App Store.

7. Demo Account

A free demo account can be created by entering the official website of IronFX and click on the red button ‘’Open Demo account’’. A trader has the ability to choose between 4 different accounts with maximum virtual money of 100,000$. Demo accounts allows traders to use their trading strategies prior depositing and trade with real money.

8. VIP Account

VIP Account is provided to traders that are willing to invest more than 20,000$. The trader can choose between Fixed and Variable spread and he will benefit our lowest spreads from 0.5/0.7 pips, dedicated account manager available 24/5 and dealing department hotline transaction. A free Virtual Private Server (VPS) will be given to the VIP Trader upon request.

9. Opening an account

Trader just need to complete the simple 3 step registration process, submit a proof of identification and proof of address and his trading account will be opened in the next 24 hours. Money can be deposited through Debit/Credit Card, Bankwire, Skrill, Neteller and various other payment methods.

10. Funds Withdrawal

Trader needs to receive his initial deposit via the payment method initially used. Profits made from trading can be sent to his bank account or any e-wallet IronFX offers. In order for the above to take effect, trader needs to apply for a withdrawal from his client portal. Trader can track his withdrawal request by entering the Transaction History from his Client Portal.

11. Trader Training

IronFX stands next to traders by offering them all they need to know about Forex. Traders have the ability to enjoy the broker’s educational videos, E-book, Economic Calendar, Forex Encyclopedia, live Economic News and arranged Webinars. One can find the above material by entering the Homepage of IronFX and click on Academy Tab.

12. Should I trade with IronFX?

IronFX is the award winning Global leader in Online Trading offering its services for about 8 years. IronFX has succeeded to earn a reputation as one of the most reliable brokers around. The quality of their services and bonuses are truly worth checking for anyone who is looking for a new broker.

Binary options are not available to retail EU traders. If you are not a professional trader, please leave this page

Reviews on IronFX

Comments about IronFX
( 8 )
User rating: 4.0 / 5

Comments: 8

  1. avatar
    Savanna P.
    05/10/2020

    IronFX is so knowledgeable about cryptocurrency and explaining everything to me. It’s definitely worth having an advisor. Less stress and having everything amazingly taken care of has been awesome!

    5/5

  2. avatar
    Batics Attila-cég
    24/01/2021

    They do not pay my equity back … another 7 of my friends in the same situation. This is the 4. year. Be aware!

    1/5

  3. avatar
    Christabel Johnson
    14/01/2022

    If you need help with getting back your money from a bad faith broker, contact hacker Scam recovery site . They helped me along with friends and family that was referred to them, reach them via email, scamrecoverysite {at} fastservice DOT com. You can contact them for anything

    5/5

  4. avatar
    Patricia Thomas
    21/03/2022

    To whom it may concern This is my experience with the fake binary options broker, I traded with 365-fx binary options. I wanted to earn some money to pay for some bills so I invested $56,000, these brokers said I will be able to withdraw about $85,270 to $98,000. The brokers calls me everyday to deposit to invest and make good profits, I told them all my funds are in the trading account and I can’t deposit more money anymore. They became so rude and stopped calling and also stopped responding to my messages and finally blocked my account. I wanted to withdraw my money and I couldn’t, they denied me my access to withdraw my money, Months went by and I still couldn’t withdraw my money. I was advised to seek a recovery company, Fortunately I found on the forexpeacearmy website a funds recovery expert Mr Robert Edward who I reached out to and explained my issue to him, God so kind he was able to get my funds back including my bonus, i am happy to share my experience with you, I advise everyone out there to be very careful with the brokers they invest their money with there have been a lot of unregulated brokers, it took 7 working days to get my funds back. I feel obligated to recommend him with funds recovery strategy, feel free to reach out to him via his email address: [email protected] ,if you are having issues withdrawing your money he will assist you on how to claim your investment back.

    1/5

  5. My experience with binary scam broker. I invested 90% of my retirement payment in binary online investment broker Umarket trade option, with the mindset of getting it multiplied and enjoying a better retirement life. It was sweet and smooth from the start, withdrawals were easy and consistent until it gets to a point I started to be denied withdrawals and that was how I was denied access to my invested capital, I couldn’t get my invested amount back not talk of the bonuses. I contacted several lawyers but it was all waste of time and money, they couldn’t render an inch of help. God so good, I found on brokers reviews a certified binary options recovery expert that helped me recover my 99% of my investment back from the scam broker, Mr Hessler Andrea and his team worked relentlessly to get my refund from the scam broker. You can contact the recovery expert via his email address {[email protected]},
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    Good luck

    5/5

  6. avatar
    Maureen Smith
    26/04/2022

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    3/5

  7. avatar
    eve
    30/06/2022

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    5/5

  8. avatar
    Rita Juliet
    02/07/2022

    I have invested with some scam brokers in the past, and the story is as horrific as the ones i have read because i went through the ordeal myself. I lost almost $55k to this unfortunate brokers, a friend referred me to Mr Evans Rashad that got me 80% of my money back, plus my accrued bonuses. Please stay clear of these scammers and if you have lost money you can still get your money back if you really want to, you can reach out to Evans Rashad at: {evansrashad836 (@) gmail.com}. he will definitely help you in getting back your lost funds to any broker….. as mine was recovered too.

    5/5

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