This IronFX review was created by industry professionals with over 20 years of expertise in Forex, CFDs, and Social Trading.
The information in this IronFX review does not apply to users in the United States.
What exactly is IronFX?
IronFX is a global online financial trading platform and multi-asset broker that was established in 2010.
After more than a decade, IronFX has expanded to provide individual investors with Forex trading, CFD trading, and social trading.
IronFX is a worldwide broker. IronFX is headquartered in Cyprus.
It might take a long time to locate a broker that suits your demands while investing in the financial markets.
In this IronFX review, we will delve deep and examine how effectively the IronFX platform operates as an international multiple financial asset trading platform for traders in 2022.
Frequently, you must browse and read various broker websites, each of which utilizes a different language. The language can be somewhat perplexing. It might be tough to select an online broker such as IronFX. The first few challenges for a newcomer might be what looks to be a sophisticated mobile or online trading platform, difficult to comprehend financial lingo, and perplexing cost arrangements. We go down the benefits and downsides of IronFX in our review. What IronFX can provide, and which countries IronFX is accessible in. Who regulates IronFX and more.
Having a trustworthy and qualified broker is critical to your online trading success. To avoid losing your investment, ensure that your broker is not a fraud or untrustworthy. To have a solid functioning lucrative partnership, be sure that your needs match the profile of your broker.
This is why we took the time to examine just the top brokerage companies, their methods, their fee structure, and all other key factors. We want you to assess, analyze, and place your money with only the safest and finest brokers. We hope you found our IronFX review to be informative.
This IronFX platform review is pretty extensive. If you are considering trading with IronFX in any form, please read and investigate the whole IronFX review.
We have attempted to explain the intricacies of financial trading via the IronFX platform as simply as possible so that you, the trader, are as knowledgeable as possible before you begin using the IronFX trading tools and depositing and withdrawing monies from IronFX.
Online investing can be just as dangerous as any other type of offline investment. As with any investment, it is critical to understand and investigate the firm with whom you are dealing. When trading financial assets with IronFX, such as Forex, CFDs, and Social trading. You should have faith in IronFX and know that your financial investments on the IronFX platform are in capable hands.
You may also read about other solid IronFX alternatives at the bottom of this IronFX review.
We hope that this IronFX review will assist you in determining whether IronFX is a suitable fit for you.
It is a prevalent misconception that internet trading is simple. Online trading is complex, and traders must conduct their own research and understand exactly what they are doing. This post will teach you vital facts about IronFX that will help you get started in the world of online trading.
IronFX is a Multi-Asset Trading Platform that offers over 300 different assets
IronFX is a multi-asset trading platform with over 300 tradable assets. Forex, CFDs, and Social Trading are among the assets accessible on IronFX.
IronFX trades a variety of financial assets. A financial asset is any security or asset with monetary worth, whether tangible or intangible. This implies that Forex, CFDs, and Social Trading are all categorized as financial assets.
IronFX Advantages
A virtual portfolio, often known as a Demo account,
Trading of APIs
Social Trading is now accessible.
Copy Trading is possible.
Trailing Stops StopLoss
Orders for Profit
IronFX provides advanced chart comparison capabilities.
IronFX provides leading experts’ research-backed insight on financial markets and investing.
The IronFX platform is accessible via a variety of platforms, including Apple Mac PCs, iOS devices such as iPhones and iPads, Android smartphones, and online via a Web Browser.
IronFX provides an easy-to-use trading platform with tools for both new and experienced traders.
IronFX users benefit from the IronFX platform being available in over 26 different languages.
What you should be aware of
IronFX provides three trading options: Forex, CFDs, and Social Trading. The assets and products offered on the IronFX trading platform are determined by your location and the company with whom you have an account.
A $250 minimum deposit is required with IronFX.
IronFX can accommodate traders of all levels, whether experienced or inexperienced.
Is IronFX secure?
When selecting a broker, such as IronFX, the administrative body and regulatory status of the broker are critical considerations. Brokers who trade without the oversight of a regulating organization do so at their own risk. Any money you invest is at risk.
IronFX was founded in 2010 and has been in business for 12 years. Its headquarters are in Cyprus.
IronFX is a regulated broker. This implies that IronFX is regulated by the Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), and Australian Securities and Investments Commission (ASIC).
Because of the laws in place, regulated brokers are extremely unlikely to influence market pricing. This will be honored if you submit a withdrawal request to IronFX.
Is my money secure at IronFX?
Traders’ payments to IronFX accounts are stored in a separate bank account.
For enhanced safety, IronFX use tier-1 banks for this purpose. Tier 1 is the standard metric for assessing a bank’s financial health and strength.
Tier 1 banks are what they are, and why should IronFX utilize them?
A Tier 1 bank is the safest and most secure in terms of customer capital. Tier 1 is a word used to describe a bank’s financial strength. A Tier 1 bank often has high core capital reserves and can tolerate unexpected losses.
What does it mean for your IronFX funds to be placed in a Tier 1 bank?
Any money you deposit with IronFX is stored in a bank with adequate capital to meet your withdrawal requests even if IronFX goes out of business for whatever reason.
As a result, we can say that IronFX is reasonably secure and safe.
However, please keep in mind that dealing in financial assets might result in a loss of capital. Accounts can lose money due to a lack of effort in researching the markets, a lack of knowledge, or a failure to use the tools given by the brokerage platform.
Losing money quickly while trading financial instruments such as Forex, CFDs, and Social Trading is not unusual. Only trade when you realize that your invested cash is at danger at all times due to market volatility. IronFX’s platform also explicitly states that your capital is at danger.
Now that we’ve addressed several critical IronFX questions. Let’s take a closer look at the IronFX features.
When working with IronFX, try creating two accounts. The first is your genuine account, which contains your real money, and the second is your demo account. The demo account is your testing account.
More information about IronFX regulation and licensing
We researched, and IronFX is regulated and controlled by reliable organizations. Each IronFX supervisory and regulating organization is listed here. For individuals who have problems with IronFX, regulation provides some remedy. Regulatory agencies safeguard traders by instituting programs such as reimbursement plans that return the client’s money if the broker goes insolvent.
To remain licensed and continue operations in certain areas, brokerage companies must follow a set of regulations and criteria established by the regulatory authorities. The entire concept of regulation is to safeguard IronFX traders and promote a safer trading environment. Financial regulation and license approval are critical.
Financial Conduct Authority (FCA)
Cyprus Securities and Exchange Commission (CySEC)
Australian Securities and Investments Commission (ASIC)
IronFX is controlled, regulated, and overseen by respectable financial regulatory agencies. Regulatory organizations monitor broker conduct and, if something goes wrong, take appropriate action. Before trading online with a broker such as IronFX, be sure they are a genuine online agency.
Is IronFX International?
Yes, IronFX is worldwide, since it is available in over 189 countries.
IronFX is a worldwide trading platform in the sense that it operates in 189 countries throughout Europe, Asia, Oceania, and Africa. IronFX serves major markets in the United Kingdom, Germany, Australia, South Africa, Thailand, and China. IronFX has almost 10,000 users, according to its Wikipedia article.
IronFX Fees Explained
IronFX withdrawal costs vary depending on payment type.
IronFX does not charge a fee for inactive accounts.
IronFX does not charge any deposit fees.
Brokers provide cutting-edge internet trading platforms, mobile trading apps, financial research tools, and instructional materials. For a brokerage to maintain these services and generate income as a business. Brokers may charge clients a variety of trading fees, which you should be aware of because they may influence your bottom line.
IronFX Minimum Deposit
IronFX requires a minimum investment of 250 GBP/USD/EUR when creating an IronFX trading account.
A minimum deposit is the amount of money required by IronFX to create a new online brokerage account with them.
Don’t be put off by brokers asking a minimum deposit to create a trading account, such as IronFX. Brokers with higher minimum deposit requirements frequently provide extra premium services on their platforms that are not available for free on other platforms.
Brokers with smaller minimum deposits are typically oriented toward a more broad audience that does not require some of the more technical services and research tools.
Brokers who do not need minimum deposits frequently do so to attract new clients. They must earn a profit in some manner, therefore transaction charges and other trading expenses may be greater with a low minimum deposit account.
Brokers with higher minimum deposit amounts typically provide a broader selection of trading facilities on their platforms. These brokers frequently include more in-depth technical analysis and research capabilities, as well as superior risk management measures.
As more online trading platforms have joined the market, the minimum amount required to create a live trading account has decreased as an expanding number of brokers compete for new clients.
Depending on the type of trading account you choose, some brokers need a minimum deposit as high as 6500 GBP/USD. Some brokers will go as high as 10,000 GBP/USD.
IronFX Withdrawal Fees
IronFX withdrawal costs vary based on the type of payment you choose.
Each broker has its own set of withdrawal restrictions that govern how your cash may be taken from your trading accounts.
This is due to the fact that each brokerage business will have various withdrawal options, and each payment provider may have varying transfer processing costs, processing delays, and a potential currency conversion fee. The conversion cost is determined by your base currency, receiving currency, and payment provider.
For example, IronFX allows you to withdraw cash to credit cards, bank transfers, Neteller, FasaPay, debit cards, and Payoneer.
IronFX Inactivity Fees
IronFX does not charge a fee for inactive accounts.
A registered brokerage client is charged an account inactivity fee.
Brokers may have trading activity requirements that clients must meet under the terms and conditions of their accounts.
If a client’s trading account is inactive for a set length of time, the broker may charge an inactivity fee.
Inactivity fees are not unique to online trading accounts. Many financial institutions may charge inactivity fees. Please review the broker’s website to ensure you are informed of and satisfied with all of the services and fees you may be charged.
If you are no longer utilizing your trading account, notify the broker’s customer service. Also, make sure you have documentation that any outstanding costs are not owed.
Inactivity fees can only be charged under specified conditions, depending on the sort of account you have signed up for. Brokers are obligated by law to explicitly disclose any inactivity costs.
In order to compensate for the lack of commission income from your trading, certain brokerage firms may charge inactivity fees for maintaining your account on their pricey trading platforms.
IronFX Deposit Fees
IronFX does not charge any deposit fees. Although bank and third-party merchant fees may apply.
Deposit costs should always be reviewed since certain brokers may charge a fee when you deposit funds from your payment method to your trading account. This is because the payment method you select to fund your account may include a cost.
When you deposit a certain fiat currency into your account, you may be charged a set fee. When depositing cash from a credit card, for example, fees are well known to be high. This is true if your broker allows credit card payments.
IronFX Commissions
On CFD instruments, IronFX does not charge a commission.
A broker may charge a commission fee as a service charge for arranging the purchase and sale of financial assets through your trading account.
A brokerage may generate the majority of its revenue by charging registered traders a commission charge on customer transactions.
Commission rates vary based on the trading style, financial asset type, and trading account level.
Broker commissions are charged when a brokerage fulfills, cancels, or adjusts an order on your behalf.
If your brokerage does not fill a market order, normally no commission is charged.
Be advised that your brokerage may charge a commission fee if your transaction is modified or canceled.
What currencies can you trade with IronFX?
Due to regulatory constraints, various firms under the IronFX Brand provide different trading products. The trading instruments available may change depending on the Client’s place of residency and the company that maintains the client account. Furthermore, the trading instruments supplied by IronFX may differ based on the trading platform you choose.
IronFX allows you to trade a large range of instruments, over 100 in fact.
IronFX offers over 300 currency pairs for trading on worldwide Forex markets if you are seeking for Forex brokers.
IronFX online platforms and other apps for trading
IronFX provides the well-known MT4 forex trading platform.
A native iOS or Android app from IronFX on your phone or tablet will perform faster than the Avatrade website on the same device.
IronFX now provides mobile apps for Android and iOS, making it easy to monitor and execute trades while on the go.
Is the IronFX Trading Platform Trustworthy?
IronFX protects its clients’ personal information with SSL encryption on both its PC and mobile platforms. IronFX also advises its clients to constantly seek for the SSL security indicator (a lock sign) on the browser while using IronFX.
Options for the IronFX Trading Platform
After logging into your IronFX account, you will see the trading platform choices shown below.
MetaTrader 4 (MT4)
The MetaTrader 5 (MT5) trading platform is not available at IronFX.
The cTrader trading platform is not available at IronFX.
Let’s take a closer look at each of these trading platforms and the alternatives available through IronFX.
MetaTrader 4 by IronFX (MT4)
MetaTrader 4, usually known as MT4, is one of the most widely used trading systems, having been in use in financial markets since 2005. The MetaTrader 4 program provides a feature-rich, user-friendly interface as well as an incredibly customizable trading environment, all of which are designed to meet all of your trading demands and improve your trading success. Advanced order management tools and charting functionality
Understand that the MetaTrader 4 (MT4) trading platform was designed primarily to trade Forex, but you may also trade CFDs and Spread Betting to trade other forms of financial assets. Stocks, Indices, Commodities, ETFs, and Futures cannot be traded on any MetaTrader 4 (MT4) platform unless they are CFD contracts or Spread bets. Because you are speculating on price fluctuations with IronFX, you will not own any underlying assets with CFDs or Spread bets.
IronFX offers the MetaTrader 4 platform in a variety of versions, including an online web platform and a downloaded program for Windows PCs and Apple Macintosh computers. IronFX MetaTrader 4 is now compatible with macOS Mojave. IronFX allows traders to trade on mobile devices such as the iPhone and Android smartphones.
IronFX’s Metatrader 4 Webtrader
As more and more traders continue to trade online, MetaTrader 4 has become the most popular trading platform in the world. Metatrader 4 is offered as a web-based program that can be used using your web browser. MetaTrader 4 web software offers the same simple performance as the desktop version, with powerful charting, a highly customizable trading environment, simple online trading tools, and a wide range of indicators. You may trade without a Dealing Desk in our Raw Pricing environment from anywhere in the globe.
IronFX MetaTrader 4 Trading on iOS Devices
You may trade with IronFX by downloading the IronFX app or by using the MetaTrader 4 app from the Apple app store.
The Metaquotes MetaTrader 4 Program is available for free download from Apple’s App Store. Customers of IronFX get rapid access to these financial markets, as well as the ability to comprehensively manage a Portfolio on the move.
IronFX MetaTrader 4 Trading on Android Devices
Millions of people across the world use Android mobile devices and tablets. IronFX gives its clients access to the MetaTrader 4 platform on Android-enabled devices, allowing them to monitor the financial markets and trade directly from their Android-based Smartphones and tablets. The Android IronFX MetaTrader 4 Android application allows traders to take use of a variety of advanced trading tools, allowing them to monitor and trade Forex on the move in a simple and secure manner.
MetaTrader 4 Trading Central IronFX
Trading Centrals Alpha Generation Indicators are a collection of three major indicators, which include:
Analyst Perspectives – A go-to resource for executives and important personnel.
Adaptive Candlesticks identifies chart patterns that show significant changes in demand and supply.
Adaptive Divergence Convergence (ADC) – Similar to MACD, but beneficial at shorter time intervals and offers more immediate signals.
MetaTrader 4 Advanced Trading Tools by IronFX
The IronFX advanced trading tools for MetaTrader 4 are designed to enhance the overall trading experience and provide traders a competitive advantage. IronFX provides access to 20 distinct products, including feature-rich trade execution and administration programs, intelligent notification alarms, communications capabilities, cutting-edge market data, and much more.
IronFX MetaTrader 4 MultiTerminal Trading
MetaTrader 4 MultiTerminal has a user-friendly interface where traders may manage and monitor several trading accounts. MultiTerminal allows you to handle up to 100 accounts at the same time, allowing you to place market orders, pending orders, monitor live market prices, and track all accounts and equity in real time. All trading accounts must be registered with the same MetaTrader server. Expert Advisors and other automated trading scripts are not supported by MultiTerminal.
MetaTrader 4 IronFX AutoChartist
IronFX Autochartist offers the world’s first Market Scanner for MT4 that uses a non-trading Expert Advisor script. Scan markets for trading opportunities while seeing all symbols and time periods on one graph. Gone are the days of displaying a plethora of graphs on which you can’t recall which currency you’re looking at. Autochartist is a basic user interface that may be tailored to your trading style.
Advantages of IronFX Trading
Allows for scalping
Allows hedging
Offers STP
Offers Negative Balance Protection
IronFX Trading Accounts Are Available
The following section provides an overview of the account kinds offered by IronFX. Whatever you want to trade, the various IronFX account options will be able to meet your needs.
Micro account
Mini account
Demo account
Account standard
Account with no spreads
Islamic account
ECN account
STP account
Can I experiment with IronFX?
IronFX provides a demo account for you to test before committing to funding payments.
Methods of withdrawal and funding at IronFX
Please keep in mind that the payment options available through IronFX vary depending on the IronFX Entity and the Client’s country of residence.
All possible IronFX payment options are shown in your IronFX members area and on the IronFX website.
IronFX accepts the following funding payment options. If accessible in your area, you can utilize any of the deposit alternatives listed below.
Payment Options for IronFX
Credit cards are accepted by IronFX.
Bank transfers are accepted by IronFX.
Neteller is accepted by IronFX.
FasaPay is accepted by IronFX.
Debit cards are accepted by IronFX.
Payoneer is accepted by IronFX.
How can I begin trading with IronFX?
You must join up before you can register a trading account with IronFX. After you have received your login information through email, submitted your identity papers for account confirmation, and made a deposit, the following step is to download your preferred trading platform.
You will need to supply some basic evidence to establish your identification as part of IronFX onboarding and routine KYC identity checks. These checks are normal practice and assist IronFX provide a safe financial environment for its 10,000 consumers.
Executing deals with IronFX
IronFX allows you to perform a minimum of 0.01 Lot trades. This may differ based on the type of account you establish. The maximum trading requirements differ according on the trader and the instrument. Because IronFX provides ECN and STP execution, you can expect very tight spreads and greater transparency into the price you pay to execute your trades.
IronFX is one of the few brokers who promise to have no requotes, therefore you won’t experience slippage (your trades being ordered at a different price to what you executed them at).
Margin requirements vary based on the instrument, as they do with most brokers.
IronFX also includes risk management tools like as stop losses (including trailing stops), limit orders, negative balance protection, price alerts, and much more.
IronFX CFD Trading
Let’s go through some of the fundamentals of using IronFX leverage.
IronFX provides CFDs, which are leveraged products with 10 times leverage in this case.
So you have a $10,000 position, but you only tie up $1,000, or one-tenth of the account’s worth. You have a circumstance in which a tiny amount of money controls a much larger financial position. This is your leverage.
So, how does leverage affect your earnings and losses? Simply put, it multiplies them in both directions.
When trading, IronFX leverage multiplies both earnings and losses.
Assume you buy/sell $10,000 worth of General Electric (GE) using contracts for difference (CFDs) on the IronFX trading platform.
Let’s imagine General Electric (GE) climbs 10% because its earnings are favorable, and your $10,000 holding is now worth $11,000 dollars.
It has increased in value by $1000 (10%), representing a 100 percent gain on the cash initially pledged on your leverage CFD transaction.
Our initial investment of $10,000 for the deal has resulted in a $1,000 profit because the price has increased by 10%.
IronFX leverage works in both directions. If General Electric (GE) falls 10% on the week’s results, your stake, which was worth $10,000, is now worth only $9,000. It has decreased by a thousand bucks.
IronFX CFDs are primarily utilized for trading in the short to medium term. For instance, consider IronFX intraday CFD trading. Although CFD transactions are high risk since they are not part of the financial markets, they might be more flexible than typical market trading in which you hold the underlying asset. CFD transactions enable access to CFD fractional shares, CFD overseas marketplaces and CFD short selling. CFDs can also be used to hedge by more experienced traders.
Always keep in mind that CFDs are complicated instruments with a significant risk of losing money quickly owing to leverage.
IronFX Negative Balance Protection Reduces Your Risk When Trading
We should talk about IronFX’s negative balance protection. When trading with leverage, a bad move might cost you more than your trading account balance at IronFX. Negative Balance Protection should be set up as standard if your broker is regulated by the FCA. Your IronFX account might possibly go negative. We recommend that you employ negative balance protection. When you use negative balance protection, your losses are always restricted to the current balance of money in your account.
Limit Your Risk When Using IronFX Stop Limit Orders, Stop Loss Orders
A stop-loss order is a buy/sell order made with a broker such as IronFX once the stock hits a specific price. A stop-loss order is intended to restrict a trader’s loss on a particular security position.
Unless the transaction is hedged against another trade or the trader is not utilizing leverage, most traders must utilize stop losses to protect themselves against significant risk. The circumstances vary based on the trade and market.
IronFX Education Resources
To trade efficiently with IronFX, you must first have a thorough grasp of the trading tools and markets. Make full use of all educational resources. This comprises both internal and external eduction tools.
IronFX provides a wide range of instructional tools. Take your time and study about the financial markets. Take the time to understand how to use your trading platform. Make buy/sell trades, learn how to capitalize on global trading opportunities, and most crucially, understand how to reduce and manage investment risk.
An analytical approach to trading with IronFX may be advantageous.
Take some time to explore the IronFX platforms and practice thinking more methodically and rationally about the markets. It’s a new skill set for many, but it’s what the market demands.
IronFX Customer Service
As part of our IronFX review, we look at customer support options, response times, and the effectiveness of IronFX trading platform problem resolution.
English, Bulgarian, Chinese, French, German, Greek, Hebrew, Hindi, Hungarian, Indonesian, Italian, Japanese, Korean, Malay, Polish, Portuguese, Romanian, Russian, Spanish, Thai, Vietnamese, and Arabic are among the languages supported by IronFX. Bengali, Urdu, Czech, Farsi, and Slovakian are among the languages spoken.
IronFX has an A rating for support since they provide over three languages.
IronFX provides live chat support.
We tried the IronFX live chat and found it to be functional. We contacted IronFX livechat via their app and website and received a response within 8 minutes.
We tried talking with IronFX support in a variety of languages and across numerous geographies. Our client difficulties were resolved by IronFX.
Email IronFX Support
We wrote multiple emails to IronFX, and their response times were generally outstanding. IronFX’s fastest response time was less than 40 minutes, while its slowest response time was 9 hours. IronFX support response times may vary, however this was our experience after sending 10 emails at various times.
Our questions were handled and answered by the staff. IronFX provides excellent email support.
IronFX Phone Support
When we phoned IronFX, we received a prompt response. The phone call was answered in within 5 minutes.
Over the phone, the IronFX phone support crew was able to successfully answer our queries and resolve our difficulties. We put the multilingual IronFX crew to the test by dialing in different languages. IronFX made an attempt to respond to our questions.
Overall, IronFX’s phone service was adequate.
What you’ll need to register an account with IronFX
Because IronFX is regulated by the Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), and the Australian Securities and Investments Commission (ASIC), every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and that you are permitted to trade. When you establish an account, you will most likely be asked for the following information, so have it handy:
Be advised that the expiration date of the Proof of Address document for each entity under the IronFX Brand may change.
A color scanned copy of your passport, driver’s license, or national ID
A utility bill or bank statement from the previous three months that shows your address
You’ll also need to answer a few basic compliance questions to prove your trading expertise, so allow at least 5 minutes to finish the account opening procedure.
While you may browse IronFX’s site right immediately, it’s crucial to realize that you won’t be allowed to trade until you pass compliance, which might take several days depending on your condition.
To begin the process of creating an account with IronFX, go to the IronFX trading site.
CFDs are leveraged products that can result in large losses that exceed your initial investment. All trading entails risk. Only risk capital that you are willing to lose. Past results do not guarantee future outcomes.
This material is intended to be informative and should not be construed as investment advice. All data gathered on July 19, 2022, from https://www.ironfx.com.
Frequently Asked Questions about IRONFX
Read our comprehensive IronFX FAQ Section, which has been updated for 2022.
Can I experiment with IronFX?
IronFX provides a demo account so that you may test the IronFX platform with virtual trading before committing to a payment. IronFX virtual trading carries no risk.
IronFX accepts which payment methods?
Please keep in mind that the payment options listed below are dependent on the IronFX Entity and the Client’s country of residence.
IronFX accepts the following payment options for funding: Payment methods include credit cards, bank transfers, Neteller, FasaPay, debit cards, and Payoneer, among others.
Is IronFX secure?
IronFX is regarded safe since it is regulated and monitored by the Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), and the Australian Securities and Investments Commission (ASIC). Traders’ payments to IronFX accounts are stored in a separate bank account. IronFX uses tier-1 banks for extra protection. Tier 1 is the standard metric for assessing a bank’s financial health and strength.
Is IronFX trading profitable?
IronFX is regarded as a reliable and trustworthy trading platform. Over 10,000 traders and IronFX users utilize IronFX. IronFX provides trading in Forex, CFDs, and Social Trading. IronFX’s minimum deposit is $500.
Is IronFX trading safe?
IronFX was established in Cyprus in 2010. IronFX has been enabling financial market transaction for over 12 years. IronFX provides Forex trading, CFD trading, and Social trading to its clients. To ensure security, all monies placed with IronFX are stored in separate bank accounts. IronFX is a legitimate company that is regulated by the Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), and the Australian Securities and Investments Commission (ASIC).
Is IronFX a reputable broker?
IronFX is supervised by the leading financial regulators, including the Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), and the Australian Securities and Investments Commission (ASIC), and can thus be regarded a reliable broker. IronFX allows you to trade Forex, CFDs, and Social Trading.
Is IronFX a reliable broker?
IronFX can be deemed reliable. All funds transferred to IronFX are held in a separate bank account. This implies that your funds are not directly handled by IronFX. Because the broker does not have direct access to your cash, he or she cannot misappropriate them. IronFX is also governed by the Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), and the Australian Securities and Investments Commission (ASIC).
What is the IronFX minimum deposit?
IronFX requires a $250 deposit to begin trading.
How long does it take to withdraw money from IronFX?
Withdrawing money from IronFX takes 3 days on average, depending on the method.
Is IronFX a regulated broker?
The Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), and the Australian Securities and Investments Commission all regulate IronFX (ASIC). As part of IronFX’s regulatory compliance, regulatory organizations conduct frequent assessments and audits. More information on these reviews may be found on the regulator’s websites.
IronFX is a market maker.
IronFX operates as a market maker. IronFX will buy stocks, cash, and other commodities and instruments even if no buyer is found.
How can I begin trading with IronFX?
You must join up before you can register a trading account with IronFX. After you have received your login information through email, submitted your identity papers for account confirmation, and made a deposit, the following step is to download your preferred trading platform.
Is my money secure at IronFX?
The Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), and the Australian Securities and Investments Commission all regulate IronFX (ASIC). The regulatory body and regulatory status of the broker are crucial considerations for traders when selecting a broker like IronFX. Brokers that conduct business without regulation do so at their own risk and endanger the security of their clients’ funds.
Because of the laws in place, regulated brokers are extremely unlikely to influence market pricing. This will be honored if you submit a withdrawal request to IronFX. They may lose their regulated status if they breach any regulatory requirements.
Is IronFX a sham?
IronFX is a regulated and well-established company that has been in operation for over 12 years. IronFX is not a swindle.
Is it possible to generate money using IronFX?
Despite the fact that traders have had remarkable success with IronFX. IronFX trading in the financial markets is not a get-rich-quick program. Your chances of success will skyrocket if you educate yourself, practice with a demo account, and properly plan your trade. Never invest money that you cannot afford to lose.
Is there a cost with IronFX?
IronFX withdrawal costs vary according to payment type.
IronFX does not charge inactivity fees. IronFX does not charge any deposit fees.
When was IronFX established?
IronFX was established in 2010.
How popular is IronFX?
Over 10,000 registered IronFX users use the platform.
What nation is the headquarters of IronFX?
IronFX’s headquarters are located in Cyprus.
Is negative balance protection available with IronFX?
IronFX provides negative balance protection. Negative balance protection ensures that traders cannot lose more money than they deposit.
Is there a guaranteed stop loss with IronFX?
IronFX does not provide a guaranteed stop loss. Risk is handled with assured stop loss protection. Traders are guaranteed to close your deal at the price you choose. Only during market hours and under normal trading conditions are stop loss orders guaranteed.
Is scalping permitted at IronFX?
IronFX provides scalping.
Does IronFX support hedging?
IronFX provides hedging.
Is CFD trading available at IronFX?
IronFX provides CFD trading.
Is STP available at IronFX?
IronFX provides STP trading.
How popular is IronFX?
Over 10,000 IronFX users and traders utilize the platform.
Is IronFX an ECN broker?
IronFX provides ECN trading.
Is there a demo account available at IronFX?
IronFX provides a free demo account.
Is there an Islamic account available at IronFX?
IronFX has an Islamic account available.
What are IronFX’s funding methods?
Please keep in mind that the funding methods and funding possibilities accessible with IronFX may be found in the IronFX Members section and vary depending on the nation of residency of the IronFX client. Please check the IronFX website for your individual accessible payment options. IronFX accepts the following types of payment: Credit cards, bank transfers, Neteller, FasaPay, debit cards, and Payoneer are all options.
Andrew Blumer and Mark Hansen wrote the IronFX review.We hope you found our IronFX brokerage review helpful. Mark Hansen and Andrew Blumer, our financial editor, wrote this story. Mark formerly worked at the Kiel Institute and has experience working with financial institutions in Europe, Australia, South East Asia, South Africa, and the Middle East. Mark has more than 15 years of expertise in financial research, forecasting, and financial modeling, as well as identifying new market possibilities in stocks, CFDs, Forex, and commodities. Andrew has a long history in fintech and founded comparebrokers.co to make financial trading more open and accessible. We can help you choose the best online broker for you among 400+ brokers for clients in the UK, Europe, Asia, South Africa, and Australia, whether you want to trade Forex, Stocks, Commodities, or Indices. |