History and Establishment
IronFX was founded in Cyprus in 2010 with the aim of creating an optimal environment for retail and institutional customers. The operation has since become a well-known brand within global circles, seen by its clients as an entry point to assorted financial markets.
Vision and Purpose
The brokerage firm's primary goal is to empower traders and offer them cutting-edge trading tools, attractive conditions, and personable support. They aspire to be the most preferred broker among traders globally by their combination of innovation and reliability.
Global Presence
The brokerage is able to serve over 180 countries and also provides multilingual support. At the same time, it offers tailor-fit products to address the diverse needs of its customer base in the different places it operates.
Strengths and Weaknesses
Forte
- Wide range of tradable instruments
- Diverse accounts
- Excellent research and educational materials
- Fast order execution
Areas Needing More Attention
- Lack of diversity in platform choice
- Phone support is only available for active clients
Security and Regulations
License
IronFX is regulated by the Cypriot Security and Exchanges Commission (CySEC), Financial Conduct Authority (FCA) in the United Kingdom, and Australian Security and Investments Commission (ASIC).
Segregation of Funds and Insurance
Their principals include safeguarding funds in top-tier banks separated from traders' capital by providing negative balance protection, a measure to prevent accounts from ending up owing more than the initial amount deposited.
Tradable Instruments
Currency Pairs
IronFX allows traders to trade in over 80 different currency pairs with narrow spreads and high leverage up to 1:500.
Commodities
Forex traders can gain valuable experience trading oil, gold, silver, and natural gas.
Indices
Clients can trade on world-centric listings such as NASDAQ, S&P 500, FTSE 100, and Nikkei 225 for a broad experience in the financial markets.
Stocks
Trade global stocks using this regulated broker with top companies guaranteed from the US, UK, and several from Europe.
Cryptocurrencies
Specifically, IronFX offers trading on several of the most popular digital coins, such as Ripple, Ethereum, and Bitcoin.
Types of Accounts
Standard
| Minimum deposit | 0 |
|---|---|
| Commission | 1.6 |
| Available tools | 0 |
| Leverage, min | 1:1 |
| Leverage, max | 1:1000 |
| Margin call level | 100 |
| Stop-out level | 20 |
Premium
| Minimum deposit | 0 |
|---|---|
| Commission | 1.4 |
| Available tools | 0 |
| Leverage, min | 1:1 |
| Leverage, max | 1:1000 |
| Margin call level | 100 |
| Stop-out level | 20 |
VIP
| Minimum deposit | 0 |
|---|---|
| Commission | 1.2 |
| Available tools | 0 |
| Leverage, min | 1:1 |
| Leverage, max | 1:1000 |
| Margin call level | 100 |
| Stop-out level | 20 |
Live Zero
| Minimum deposit | 0 |
|---|---|
| Commission | 0.0 |
| Available tools | 0 |
| Leverage, min | 1:1 |
| Leverage, max | 1:500 |
| Margin call level | 100 |
| Stop-out level | 50 |
No Commision
| Minimum deposit | 0 |
|---|---|
| Commission | 0.9 |
| Available tools | 0 |
| Leverage, min | 1:1 |
| Leverage, max | 1:500 |
| Margin call level | 100 |
| Stop-out level | 50 |
Zero Spread
| Minimum deposit | 0 |
|---|---|
| Commission | 0.0 |
| Available tools | 0 |
| Leverage, min | 1:1 |
| Leverage, max | 1:500 |
| Margin call level | 100 |
| Stop-out level | 50 |
Absolute Zero
| Minimum deposit | 0 |
|---|---|
| Commission | 0.0 |
| Available tools | 0 |
| Leverage, min | 1:1 |
| Leverage, max | 1:500 |
| Margin call level | 100 |
| Stop-out level | 50 |
Charges and Fees vs. Spreads and Commissions
Fees vs. Commissions
IronFX has 0.0 pips as a start for low prices on their accounts. Commissions depend on the account specifics, but low spreads are sometimes available on some accounts.
Swap Rates
Have such a feature which you can exercise by holding an asset till the next day - that too with a transparent fee structure for swap. Swap charges do not apply to Islamic accounts.
Inactivity Fees
Site-based blockages are also fixed to acknowledge the raising of charges due to continued service interruption.
Trading Platforms
| Available tools | Forex, Commodities, Share CFDs, Indices, Futures, Cryptocurrencies |
|---|---|
| Cryptocurrencies | ETH, DOGE, BTC, XRP, ADA, IOTA, DOT |
| CFD | Forex: 120 Stocks: 141 Metals: 6 Indices: 16 Energy: 3 Futures: 19 Commodities: 8 |
MetaTrader 4
MT4 is featured as part of IronFX platform support. Nearly everyone trading likes live charts with all trading styles given so many choices regarding indicators, not to mention that they could automatically trade via MetaTrader plug-in.
Mobile Trading App
Mobile apps, available to both iOS and Android users, unify accounts and enable real-time market updates, plus manage accounts while on the move.
WebTrader
The WebTrader is a web platform for trading that offers traders ease in doing trading keeping it out of reach from downloading - but not denying harmful downloads - packing the full trading essentials.
Customer Service
How to sign up for
Fill in and send the online registration form to sign up for an IronFX account and choose the kind of account you want to operate. Furnish more files to make for the identification and other administrative requirements for trading.
Verification
The evidence should include, in the original documents, a valid identification - photo identification or government-issued licenses, as well as proof of address - a bill for utility services or a bank account.
Deposits and Withdrawals
Payments
IronFX provides various options for payments, from traditional bank transfers to credit cards, as well as many e-wallets, such as Neteller, PayPal, and Skrill.
Processing Time
Deposits roll out immediately, sometimes in a split second. Withdrawals, on the other hand, take 1-3 working days, which is influenced by the kind of money they are subjected to.
Linked Charges
Very few come with charges on their deposits; but most of them may charge a certain withdrawal amount should you do a transaction for this. Very detailed information can be easily accessed from the site of their broker.
FAQ
Does the broker have jurisdiction?
CySEC and FCA have allowed for secured and clear trading aids with the brokers.
What trading platform options are available?
WebTrader and mobile application on both iPhone and Android are functioning on IronFX as of now.
How low is the least necessary starting deposit for opening an account?
Standard entry in this case goes a minimum of $100.
What kind of account does the broker offer?
IronFX has standby, premium, VIP, and Islamic account types to meet changing needs.
Which are the fees and commissions levied on the broker?
The fees charged include spread, fee-based accounts, overnight power transactions, and even account stagnation fees.
What is the maximum leverage?
It strikes the highest available at 1:500, unless on a couple of endorsed versions.
Does the Broker provide a demo account?
IronFX demo accounts will give every trader a chance with virtual money to lose or earn big, so long as there is no real money at risk.
How can one contact the support service?
Keep them linked as they always are: e-mail, over the phone, and online web-chat options are to be made available around trading hours.