IronFX offers two demo accounts, the Demo Floating Spread and the Demo STP/ECN Absolute Zero. The former is fully customizable, while the latter is only available as a USD option with a default balance of $100,000, where traders can select their desired leverage. IronFX lists no expiry times, which is great, as all demo traders require unlimited access.
So, if you’ve no PC or Mac, or if you remain busy in outside most of the time, you will have no problems because only a smart phone is quite enough to manage and analyze your trades. But you shouldn’t be worried because only MT4 can fulfill almost all your trading queries and activities. If a broker has a score less than 80, like this one, we won’t recommend it to you. So that we don’t waste your time, we don’t update these reviews either. We know you don’t want to read a long review of an untrustworthy broker. Instead, you can use the tool below to find a high-scoring broker that accepts clients from your country.
It must comply with a range of requirements to ensure the safety and protection of its client’s funds. IronFX received a low score in our rating due to a lack of trading ideas, written analysis & opinion, and third-party tools. CFD Leverage allows you to avoid paying the full value of the position.
A basic introduction to IronFX Forex brokers
Overall, IronFX is a very well established and reputable trading broker that serves all types of traders from around the world. They give you convenient access to a generous range of trading instruments across multiple markets. The advanced trading technology incorporated ensures that the trading conditions are some of the best available with competitive spreads (fixed/variable) and competitive trading costs. There are plenty of account types and payment options to suit all types of traders whilst each client is treated equally. Furthermore, the charitable work they do is very commendable and good for the community. The broker offers industry leading products and services that I think can be a great option for retail and institutional clients alike.
There is a wide range of stock, commodities and futures available for trading. If you have an account with this broker, the FPA recommends you try to withdraw your funds immediately. The minimum deposit at IronFX is $100 for most accounts, https://forexhero.info/ except for the Zero Spread option, which requires $500. Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights in the commission-free Absolute Zero account.
2pips slippage…please leave this broker!
It’s important to note that CFD trading involves significant risks, including the risk of losing your entire investment. It’s essential to understand the risks and costs involved before making any trades. It means we always prioritize our readers’ safety in our business line, not just satisfying ourselves with a broker’s public information.
Can IronFX be trusted?
With years of experience, an increasing number of clients and competitive trading conditions, IronFX has maintained a great reputation. Our clients are always happy to recommend us to fellow traders and share their excellent reviews.
And if you are a non-English speaker, you can also be hassle free because the official site of IronFX is multilingual and supports dozens of languages. It is based in Cyprus but has offices around the world, including London, and Sydney. In 2013, offices were opened in Australia, and it became officially recognized by the SDIC. At the same time it also received authorization from the FCA in the UK. A further office was opened in South Africa, and it became authorized by the Financial Services Board (South Africa). Things started to go a little awry, in 2015, when 160 complaints were filed by a number of Chinese affiliates.
It’s great that they serve clients from all different backgrounds and with different religious beliefs. However, as with demo accounts this is something that you would expect from all brokers nowadays. You can buy and sell CFDs on spot commodities with best-of-market spreads and spot execution without having additional foreign exchange exposure. There are all ironfx review of the major agriculture and energy commodities that you would expect to find with a top broker like IronFX. IronFX does not offer trading services to residents of certain jurisdictions including USA, Cuba, Sudan, Syria and North Korea. If your country is not accepted, please feel free to take a look at our broker comparison tool for alternative options.
Clients can now trade cryptocurrencies directly on the Metatrader platform. Pricing for Forex, spot, and CFD instruments is average-to-competitive, with significantly lower costs at higher account tiers. There’s no bond CFD coverage but spot, metals, and index products cover the most popular instruments worldwide. And Ireland clients can also place spread bets, although the costs are not fully disclosed. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.35% of retail investor accounts lose money when trading CFDs with this provider.
Is IronFX a regulated broker?
IronFX is regulated by CySEC, FCA, ASIC, and the FSCA. 75.35% of traders lose money with this provider.
IronFX offers its services to both retail and institutional customers in more than 180 countries across the globe. The company has 8 offices worldwide, and can provide excellent customer support in many different languages. Customers are able to get seamless access to a variety of trading instruments, and receive stock news and financial surveys. IronFX is one of the leading brokers working in the retail FX market. Along with forex, IronFX provides services in CFDs on US&UK stocks, commodities, and spot metals. IronFX is a subsidiary of an international Financial Services group established in 1972, providing a wide range of financial services to private traders and institutional investors.
💵 What can I do if I can’t withdraw my money from IronFx?
This is another area in which the broker really excels in my opinion. You will find that they have an excellent variety of convenient deposit and withdrawal methods to meet everyone’s needs. Some clients may find the online payment processors more convenient and faster. I personally use digital wallets as they allow me to move my funds around faster. This can be vital if there is a scenario where there is some major market news that I need to try and capitalise on.
We created an unparalleled environment for online trading that enables us to provide access to a wide and highly diversified range of trading instruments from 6 different asset classes. Discover countless Forex trading opportunities with 80+ currency pairs, including major, Minor and Exotic or trade a multitude of commodities, metals indices, shares and futures. IronFX, an international leader in online trade, has received numerous awards. There are 10 trading platforms and over 300 tradable instruments that can be used to trade forex, spot metals, futures, and other commodities. IronFX was founded in 2010 and serves institutional and retail customers in over 180 countries across Europe, Asia and the Middle East, Africa, Latin America, and Latin America. IronFX strives to provide exceptional service to all clients, retail and institutional.
- If you explored the company, decided to sign up and actually download the platform, it only gets better and better with conditions, integration and assets.
- Many years of experience within the trading industry has made IronFX experts at delivering flexible, bespoke and multifaceted trading platforms.
- Traders who open an account with Notesco UK Limited will benefit from the oversight of FCA, which is also a Tier 1 regulator.
- On the other hand, Web Trader 4 only supports Windows & Mac PC environment.
While I recommend the Absolute Zero account for traders, the Demo Floating Spread offers the most realistic demo trading environment. I like the trading fees in the IronFX Absolute Zero account, where traders get commission-free spreads from 0.3 pips. VPS hosting exists for algorithmic traders and copy trading services are also available with a balanced asset selection and active trading community. If you ever have any questions or concerns, please don’t hesitate to reach out to our customer support team at 🚀🦾Solid Trading. While IronFX offers sizable first deposit bonuses, that bonus money cannot be withdrawn. Also, pricing for most services is slightly higher or on a par with other major forex brokers.
IronFX accepts traders resident in most countries except the USA, Iran, Cuba, Sudan, Syria, and North Korea. IronFX has traders from 180 countries, making it one of the most accessible brokers. IronFX is a multi-regulated broker, and account verification is mandatory. Most traders will pass verification after submitting a copy of their ID and one proof of residency document. IronFX might ask for additional information on a case-by-case basis. I want to caution beginner traders when using demo trading as a simulation tool, and they should consider the limitations.
Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information. 🙌 At IronFX, we understand how important it is for our clients to have a reliable and secure trading experience. We strive to provide top-notch services and support to all of our traders, whether they are beginners or experienced professionals.
The spreads we measured were low for some instruments, medium and high for others. Due to the big difference in the spread levels between various instruments, traders should monitor the spreads for the instruments they want to work this and decide whether IronFX suits them. All entities hold clients’ accounts segregated from the firm’s accounts, which means that clients’ funds are safe in case the broker has financial problems.
This competition has a $1 million prize pool with multiple prizes awarded to winners at different stages of the competition. The products listed above represent only a partial list of the more than 300 CFDs, futures and other assets that you can trade at IronFX. The cryptocurrency offering includes pairs with different currencies, including U.S. dollar, Japanese yen, British pound, and euro. The swap fees for EUR/USD are medium, while the swap fees for GBP/JPY are low. Please note that there is a major difference between swap long and swap short rates in the instruments we measured.
This shows strong business ethics and a responsible corporate attitude by supporting community development. Our team of industry experts conducted our reviews and developed this best-in-industry methodology for ranking online investing platforms for users at all levels. In addition, every broker we surveyed was required to fill out a 320-point survey about all aspects of their platform that we used in our testing. Many of the online brokers we evaluated provided us with in-person demonstrations of their platforms at our offices. Broker research materials have been neglected, generating the biggest black mark in our review.
A comprehensive FAQ addresses most inquiries while tutorials on trading platforms shorten relatively steep learning curves. Email address and phone numbers are provided for satellite offices in Cyprus, South Africa, and Australia, allowing local contact. Or international phone number, forcing potential charges for calls made to Cyprus or other satellite offices. I think traders that are clients of this broker value it not just for its decent trading conditions and reliability. Ironfx also has a lot of extra tools and services that facilitate the trading process drastically. With respect to customer service, the broker provides decent contact options and support in 45 languages, which could be a plus.
You know, you can connect virtual private server, started copy trading, or tries out your strength in managing multiple accounts at the same time due to PMAM acc. Hi Tajay, We apologize for any inconvenience you may have experienced with our withdrawal process. In order to help us investigate the issue you faced, we kindly request that you provide us with more details about your withdrawal request. Hi Hamedah,We are sorry to hear about your negative experience with our customer service and your deposit issue. We take all complaints very seriously and would like to investigate this issue further.
As a trader, probably the main safety is the safety of your fund. And the good news is your funds are safe under Financial Services Compensation Scheme in UK and Investor Compensation Scheme in Cyprus up to 50,000 pounds. Besides, it also protects the trader’s funds under Financial Services Compensation Scheme in UK and Investor Compensation Scheme in Cyprus.
Can you withdraw from IronFX?
You can withdraw your profits only through the Bank Wire. You can receive your initial deposit via the payment method initially used and then all excess funds (profits) will be sent to your bank account. In order for the above to take effect, you need to apply for a bank withdrawal from your client portal.