IronFX ReviewIronFX Review
IronFX is a Cyprus based broker that allows traders access to a variety of markets and offers a multitude of trading opportunities. IronFX Global complies with international regulatory standards and is authorized and regulated by FCA, ASIC, FSP, CRFIN, UCRFIN, BaFin and CySEC. IronFX maintains over 55 offices worldwide with more than 1,800 employees and provides customer support in over 46 different languages.
IronFX offers more than 3000 instruments in 180 countries in Forex, spot metals and CFDs on US and UK stocks and commodities. IronFX Global serves retail and institutional customers from over 180 countries in Europe, Asia, the Middle East, Africa and Latin America. They offer15 trading platforms and leverage up to 1:500. They also offer futures contracts and spot metals via the CFD market.
The choice of accounts at Iron FX goes way beyond those offered with any other Forex broker.
IronFX Account Types
There are three standard accounts. The Micro account starts with a minimum deposit of $500 and is available in 10 base currencies: USD, EUR, GBP, AUD, JPY, CHF, PLN, RUB, CZK and HUF. Traders can trade micro lots, choose a fixed or variable spread and a dedicated account manager is assigned to them 24/7. Leverage is flexible from 1:1 up to 1:500.
The Premium account requires a minimum deposit of $2,500 and in addition to the benefits mentioned above, traders can access the dealing department hotline to make a transaction.
A minimum deposit of $20,000 will open a VIP account. The main difference between this account and the other standard accounts is that this can only be opened in US dollars.
There are two STP/ECN accounts which allow traders direct access to deep liquidity and interbank pricing provided by top-tier liquidity providers, spreads starting from as low as 0 pips and flexible leverage from 1:1 up to 1:200. Traders can choose between STP No Commission and STP Zero Spread account.
IronFX Liquidity Model
IronFX Global was the first to offer the cutting-edge micro STP/ECN trading which allows trading from 0.01 lots and is available up to 50,000 USD accounts.
The exclusive IronFX Mirror Product offers a lower risk, total return strategy, lower stop-out levels, instant internal transfers and greater leverage up to 1:200.
The Zero-Fixed Spread Account offers the best-of-market spreads and immediate access to trade through fifteen market-leading trading platforms.
There are also four different Institutional accounts—The Affiliate account provides traders with immediate access to fifteen market-leading trading platforms including MT4 and MT5 Trader for PC and Mac, the Personal Multi-Account Manager, the IronFX MultiTerminal, the in-house developed IronFX WebTrader and all mobile devices. Spreads starts from as low as 0.9 pips for Affiliate Live accounts or as low as 2.2 pips for Affiliate STP/ECN accounts.
Business accounts include Corporate, Institutional and Trust accounts and there are several managed accounts.
There is an account comparison chart as well as a comparison spread chart, both very clear and informative.
A demo account is available and there is a video tutorial that explains the demo concept.
IronFX uses variable spreads in the Forex markets, with very tight spreads during typical trading conditions. The broker also offers a 1:500 leverage amount, so as a result traders get a large amount of leverage in order to take advantage of using small amounts of margin. The CFD market for stocks has a fixed and small spread for traders.
Social trading is available at IronFX with world leading and multi-award winning brokers through the Sirix Social WebTrader, a revolutionary development of Forex trading environments available for web, mobile and tablet trading. IronFX with the Sirix Social WebTrader enables the execution of Forex and CFD trades from any computer without downloading or installing any software.
IronFX offers AutoTrade by myfxbook which is the latest in social trading software designed to facilitate community users with their trading decisions. Less experienced traders can benefit by following the trades of experienced traders, who in turn will be rewarded up to half a pip per lot traded.
Funding to accounts can be done via credit cards, bank wires and a variety of online payment methods such as Skrill, Neteller, Webmoney, Qiwi and others.
Withdrawals are made using the same methods.
There are a host of different bonuses and promotions running at IronFX at the same time.
The Double Bonus involves a 100% sharing bonus of up to $10,000 and a 40% power bonus up to $4,000.
Traders using a demo account can enter several monthly competitions and win cash prizes of up to $30,000. At the time of this review, a trip to Paris or $2000 was being awarded in one competition while a Google Glass or $2,000 was offered in another.
The 2015 Cash Rebate Offer rewards clients with up to $3 on every lot traded and with the Refer-a-Friend promotion, account holders can receive from $50 to $200 for bringing in a new account.
IronFX is an FCBarcelona Official Partner.
Through their Deposit & Trade Program either existing or new clients have the opportunity to get a free iPad Air2, an iPad Mini3 or iPhone6 depending on the amount of the transaction.
IronFX Global also offers free VPS hosting to new and existing clients who deposit a minimum of $5,000 and maintain such balance for the following months. VPS Hosting allows execution of orders 24/5 to take advantage of special market conditions not normally available due to time-of-day and your geographical location.
Traders of all levels can benefit by acquiring best-practice tips contained within the Academy web pages or by attending the seminars, webinars, or expositions hosted by the company. Daily market news feed and insightful research give clients access to the best information and data to make informed trading decisions.
IronFX Educational Videos
IronFX Market News
The IronFX Encyclopedia exchange column aims to provide basic knowledge of the FOREX terminology in order to help beginner investors quickly master the foreign investment necessities and the IronFX eBook is a dynamic and interactive tool that will serve as an invaluable guide to the markets for traders of every experience level.
In addition, IronFX Global attends expos in cities around the world, giving clients the chance to directly interact with the company’s employees. At expos traders have the unique opportunity to receive sound financial advice about current market trends and the overall development of financial market.
Customer support is available by Chat, email and telephone. Support is available in over 45 different languages.
IronFX is truly an award winning Forex broker. The website is user-friendly and choices abound in almost every category. The education material is extensive and is geared towards traders on all levels. Its list of regulatory supervision is extensive.
- Choice of Many Accounts
- Demo Account
- Choice of Platforms
|Review info :|
|Broker reviewed : IronFX||Rating : 8 out of 10|
|Reviewed By : Sara Patterson||Review Date : 2015-12-13|