- Name : IronFX
- Website : ironfx.co.uk
- Established : 2010
- Regulation : CySEC, ASIC, FCA, FSB
- Country : United Kingdom
U.S. Clients Allowed :
NoDue to strict US regulation many brokers aren't able to accept traders with US citizenship.
See our list of recommended brokers that do accept US traders.
IronFX ReviewIronFX Review
IronFX complies with international regulatory standards and is authorized and regulated by FCA, ASIC, FSB and CySEC. IronFX maintains over 5 offices worldwide with more than 200 employees and provides customer support in over 30 different languages.
IronFX offers traders more than 200 instruments including spot forex, spot metals, spot commodities, spot indices, futures and shares. IronFX serves retail and institutional customers from over 180 countries in Europe, Asia, the Middle East, Africa and Latin America. They offer MT4 trading platforms. They also offer futures contracts and spot metals via the CFD market.
It should be noted that for IronFX, security of client's funds is a top priority. Clients are entitled to funds protection of £1,000,000 per client* which is above the FSCS limit of £50,000 per client. A sign that IronFX goes above and beyond to ensure customer satisfaction and security.
The choice of accounts at Iron FX goes way beyond those offered by most other Forex brokers.
There are three standard accounts. The Micro account starts with minimum deposit $100 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 24/5. Leverage is flexible starting 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 indirect 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 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 accounts.
The Zero-Fixed Spread Account offers the best-of-market spreads and immediate access to trade through 12 market-leading trading platforms.
For those who wish to trade with zero commissions, IronFX introduced the Absolute Zero account type. The most recent account type offers zero commissions and markups, as well as raw spreads. The Absolute Zero Account offers flexible leverage of 1:200 and is available in EUR and USD.
Business accounts include corporate, institutional and trust accounts.
There is an account comparison table as well as a comparison spread table, both very clear and informative.
A demo account is available and there is a video tutorial that explains how the demo works.
IronFX uses variable spreads in the Forex market with very tight spreads during typical trading conditions.
The broker also offers a leverage starting from 1:1 up to 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.
Funding to accounts can be done via credit cards, bank wire and a variety of online payment methods such as Skrill, Neteller, Dotpay, Webmoneyand 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 Trading Bonus involves a 100% sharing bonus unlimited and a 20% Iron bonus up to $2,000.
IronFX was an Official Partner of FC Barcelona for a period of three years. became FC Barcelona's Official Partner with worldwide association (except for Spain), promotional and marketing rights for the use of both brand and players of FC Barcelona. In June 2017 IronFX became an official sponsor of the 2017 ORC World Sailing Championship. IronFX 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.
Education and Research
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.
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.
Daily market research is also sent to the company’s customers by email and it is also uploaded to their webpage:
Not only that but they also developed an App, where everything is at the reach of your fingertips.
Customer support is available by chat, email and telephone. Support is available in over 30 different languages.
IronFx is a well-rounded 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. Reliable regulation in several jurisdictions also gives us a feeling of confidence and trust.
- Choice of Many Accounts
- Demo Account
- Choice of Platforms
Review info: IronFX
Review Date: 2018-01-02
Rating : 4.5
Reviewed By : Sara Patterson (Google+)