IronFX Review
Is IRONFX one of the best Forex Brokers out there? We conducted an in-depth review to find out the answer and bring it to you!
IronFX is a trade name of Notesco Financial Services Limited, a company authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC). The company was first founded in 2010 and is headquartered in Limassol, Cyprus. IronFX has offices in London (UK), Sydney (Australia) and Johannesburg (South Africa).
Today, the company has more than 1 million customers and offers its services in over 30 languages and more than 180 countries around the world.
- Trading Platform: MetaTrader
- Head Office: Limassol, Cyprus
- Founded: 2010
- Reviews: 3.6 - 14 Reviews Trust Pilot
- Leverage: 500:1
- Execution Servers: LD5
- Broker Type: ECN
- Negative Protection: Yes
- Trading Options: Forex, CFDs, Crypto, Shares
Our Rating: 8
Trading Conditions
| Max Leverage: | 500:1 |
| Platform: |   |
| Min Deposit: | $100 |
| Spread: | From 0.0 Pips |
| Cuts out Dealing Desk: | Partial |
Methods of deposit and offers
| Deposit / Withdraw: |        |
| Welcome offer: | n/a |
| Rebates Engine Forex: | Coming soon! |
SECURITY AT IRONFX
In Summary
- ASIC regulated
- Licensed by the FCA & CySEC
- High-level web security
- Various security features
IronFX complies with international regulatory standards and various companies in the group are authorized and regulated by FCA (UK), ASIC (Australia), FSCA (South Africa) and CySEC (Cyprus). IronFX has licenses in various jurisdictions as follows:
- Notesco Pty Ltd is authorized and regulated by ASIC (AFSL # 417482).
- Notesco UK Limited is authorized and regulated by the Financial Conduct Authority (FCA No. 585561).
- Notesco Financial Services Limited is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC No. 125/10).
IronFX is approved and regulated by three of the most important regulators: ASIC, FCA and CySEC
Spreads Comparison
CHARGES AND MARGINS AT IRONFX
In Summary
- Spread mark-up or
- Forex spreads from 0.0 pips
- Up to 500:1 leverage
- Various account options
IronFX offers its customers the choice of a range of trading account types:
The first two categories of account types are the Live Floating and Live Fixed Spread account options, which can be further subdivided into three types: Micro, Premium and VIP. All six account options offer maximum leverage of up to 500:1, minimum lot sizes of 0.01 (micro lots) and are commission-free. The minimum deposit requirement for the micro account option is $ 100, $ 2,500 for the premium account and $ 20,000 for the VIP account type.
For more information, such as the lowest spreads, base currencies, etc., see the comparison charts below.
Live Floating Spread Account option:
Live Fixed Spread Account option:
The next trading account option is the Live Zero Fixed Spread account which, as the name implies, offers zero spreads and runs on commission fees only. The minimum deposit requirement is $ 500 and a maximum leverage of 500:1 may be applied.
IronFX’s STP / ECN No Commission trading account also requires a minimum deposit of $500, is free of commission, and offers spreads starting from 1.7 pips on the popular EUR / USD currency pair.
The STP / ECN Zero Spread account is another account option that offers zero spreads and requires different commissions depending on the account holder status and the financial instrument that’s being traded.
Last but not least, there is also the STP / ECN Absolute Zero account, which offers zero spreads and does not require commissions either.
TECHNOLOGY
In Summary
- Solid trade execution
- MT4 & MT5 trading platforms
- NDD: ECN & STP available
- PMAM platform
IronFX Global offers the two most popular online trading platforms on the market: MetaTrader 4 (MT4) and MetaTrader 5 (MT5). All popular devices and operating systems (Windows, iOS) as well as mobile trading on mobile devices (Android, iPhone, iPad) are supported with the well-known MT4. In addition, WebTrader is available, allowing all traders to trade directly through a browser without having to download software or apps.
Money managers or professional account managers as well as professional traders can take advantage of the sophisticated Personal Multi-Account Management (PMAM) platform, which allows multiple MT4 accounts to be managed and traded simultaneously. Some of the most common features of the Personal Multi-Account Manager (PMAM) platform are:
- Orders, positions, equity and exposure online management
- One-Click Order Entry
- Create multiple funds
- Manage unlimited accounts
- Live monitoring of prices of various financial instruments
- Activity reports
In addition to its trading platform offering, IronFX provides a free VPS to customers who deposit at least $5,000 and maintain this balance for the following months. VPS hosting offers benefits and enables you to execute orders 24/5 to take advantage of specific market conditions that are usually unavailable due to time of day and geographic location.
IronFX offers two powerful and well-known trading platforms: MT4 and MT5 as well as a Personal Multi-Account Manager.
Execution of Speed Comparison
AN OVERVIEW OF IRONFX's CUSTOMER SERVICE AND CLIENTS
In Summary
- 24/5 customer support
- Multiple account options
- Leverage up to 500:1
- Demo account available
IronFX offers its customers a high level of customer service. With multiple offices around the world, the IronFX customer support team can be contacted 24 hours a day through live chat, phone, callback and email. More than 30 different languages are supported, including German, English, Chinese, Arabic, Italian, French, Spanish, Portuguese, Russian, Japanese, Czech or Polish.
Both private clients and institutional clients are welcome to join IronFx. Trading conditions can be tested with a demo account.
Customers can choose from a large number of trading account options, including various ECN accounts as described above, and trade over 200 financial instruments from six different asset classes, including forex trading, spot metals, spot indices, spot commodities, futures, digital assets and stocks.
Deposit options and payment methods include: Debit and credit cards (Visa and Mastercard), Meastro cards, Neteller, Skrill / Moneybookers, FasaPay, China Union Pay, DotPay, M.O.T.O. and bank transfers.
The leverage can be set between 1:1 and 500:1, and the minimum deposit requirement is only $100 (for micro account options).
FOREX AND OTHER TRADING OPTIONS AT IRONFX
In Summary
- Forex & crypto pairs
- 200+ financial instruments
- Spot indices and spot commodities
- Spot Metals, futures & shares
IronFX Global offers a total of over 200 different financial instruments such as currency pairs (FX), spot indices, spot metals, oil and other commodities for trading.
Traders can choose to trade on the options listed above, including some of the world’s major markets such as the Australian S & P 200 Index, the British FTSE 100 Index, the US E-Mini S & P 500, the German DAX 30 and Hong Kong 50.
Cryptocurrencies / digital assets currently offered by IronFX are Bitcoin (BTC / USD and BTC / EUR), Ethereum (ETH / USD and ETH / EUR), Ripple’s XRP, Litecoin (LTC) and Cardano (ADA).
The maximum leverage is up to 500:1 depending on location. There are ten different account currencies available.
SPECIAL FEATURES OF IRONFX
In Summary
- Popular MT4 & MT5 trading platforms
- Fast execution speeds
- Tight spreads from 0.0 pips
- STP & ECN account options
With licensing and authorisation in different countries, IronFX can provide leverage of up to 500:1.
Various account options available, including commission-free and zero spread.
The PMAM platform is available to money managers and professional traders.
MetaTrader 4 and 5 (MT4 & MT5) trading platforms available.
Fast and reliable trade execution.
Digital assets available for trading are: BTC, ETH, XRP, LTC and ADA.
200+ financial instruments.
Well sorted areas “Research” and “Academy” on the IronFX website.
VPS available.
Investment opportunity with IronFX Portfolio Management.
Max Leverage Comparison
OUR CONCLUSION
IronFX is a well-known global player in online Forex and CFD trading. They offer a very decent trading environment and good trading conditions. Offering a wide variety of account options, beginner and professional traders have the opportunity to trade over 200 financial instruments with two of the most popular trading platforms – MT4 and MT5.