+44 207 994 644

IronFX Guide – Read our In-Depth IronFX Review

This IronFX review has been updated for 2021 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.

Please note that due to regulations, the content in this IronFX review does not apply to US users.

This IronFX review contains the most recent information about IronFX.

If you're a new entrant in the realm of trading and brokerage, so many facts will be confusing for you. Getting into the world of trading demands expert assessing skills and thorough knowledge. You'll get proficient at all of the concepts of brokerage since you keep trading. For starters, you need to select the ideal broker who will be clear with you constantly.

In this fast-paced universe of stock markets and trading, you will need guidance to make proper decisions. A professionally lead investment program will generate hefty returns. IronFX is one such platform that will take you and your investment into great heights. It is important to understand about IronFX until you trust them with your cash.

IronFX review

Our full IronFX Review covers everything you will need to learn about trading using IronFX. A good broker can multiply your first investments and give you positive profits. If you would like to make profits, you should trade with a brokerage service that aligns with your investment goals.

There is no sure-fire method to ensure profits; thus, you must carefully assess your agent before you choose them. It is a frequent misconception that all brokers will be exactly the same, but that is not true. Wrong judgment, initially, can put your investments at risk.

IronFX is a broker that has paved its way successfully to the broker world. In this review, we've attempted to collate a number of the important aspects of IronFX. This review can allow you to know whether IronFX is a good fit for your investments or not. We have attempted to breakdown all the features and charges for your convenience.

IronFX Review, Table Of Contents

Who are IronFX?

IronFX is a foreign exchange broker headquartered in Cyprus and provides a range of tools for trading. Since its inception in 2010, IronFX has emerged as a leading player in the field of online brokerage. IronFX includes a highly competitive and full-featured trading website that is focused on currency, indices, metals, stocks , commodities.

Over the past 11 years, IronFX has grown into one of the leading online brokers.

After launching in 2010, their client base is becoming as large as 10,000+ clients.

IronFX is the favorite of many dealers because of its negative balance protection. Our IronFX review found that they are an superb alternative for automated trading options. They're most appropriate for investors that are looking for an assortment of assets. Social and automated trading solutions are the heart at IronFX.

Technology plays a significant role in IronFX. IronFX features trading on MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps. IronFX is fair, transparent, and also a well-regulated broker by the Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC). Their outstanding array of resources will be beneficial for most traders. Third-party partnerships also provide in-house analysis.

The trader resource section at IronFX is quite insightful for new traders since it allows them to have a closer look at the financial markets. IronFX caters to all types of traders and are a must-have broker for any well-diversified method of online trading.

Benefits of trading with IronFX?

Trading with IronFX comes with many benefits. These benefits are what sets IronFX ahead of the rest of the online brokers. You should check all the benefits listed so you have a better comprehension of IronFX.

The agent goes to great lengths to comprehend what dealers need. Consequently, the service cost is low, fast, and convenient. The broker also gives a variety of platforms for all types of traders. IronFX helps to ensure that the individual needs of all online traders are completely met.

IronFX also includes excellent trading conditions that are available to only an elite group of institutional clients. The tight spreads and fast executions are a fantastic advantage for the traders. The technology adopted by IronFX is of the highest caliber, making sure that it's fast, dependable, and efficient.

IronFX acknowledges the importance of owning a fast order execution. A fast implementation will allow users to exchange without fretting about slippage safely. It will also help the dealers to catch the maximum profitable opportunities.

Automated trading is another important facet of IronFX. A new trader can learn from business experts using the automatic trading alternative. The tight spread begins from as low as 0.0 pips, even though they are available for just razor accounts.

IronFX has over 100 trading tools to support all types of traders. These instruments are lively and convenient for both the new and seasoned traders. The dealers can put aside all their worries when trading with IronFX.

IronFX overview

Year Founded: 2010

Regulated By: Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC)

Hedquarters: Cyprus

Minimum Deposit: $500

Number Of Clients: 10,000+

Your capital is at risk

If you feel that IronFX is not right for you then at the bottom of this IronFX review you wil find a lot of alternatives to IronFX.

What you should know about trading using IronFX

IronFX is a dynamic platform that offers various procedures of trading online. These tools cover the financial markets considerably. Most of the broker platforms offer less approaches than IronFX

If you wish to exchange with IronFX, you'll need a minimum deposit of $500. This deposit is compulsory if you would like to start trading with IronFX. This 2021 IronFX review will guide you easily about trading with them.

IronFX is as flexible as any other broker platform. IronFX is excellent for traders who want a manageable assortment of low-cost services. The programs supplied by IronFX are third party, white-label offerings. All traders can choose from MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps.

Together with everything, IronFX has multiple benefits to new and verteran traders and should be investigated. There's no minimum time on which a transaction has to be kept open. The agents offer premium customer service which rewards clients with benefits.

Many unethical brokers attempt to pressurise consumers into bigger funding for superior services. IronFX, on the other hand, is more focused on trading volume. Dealers can expect trading conditions to be reasonable, honest and transparent. The more lots traded by the consumer, the greater advantages will come along.

IronFX accounts are available all over the world and provides outstanding service wherever they have customers. There are some select few countries where IronFX accounts are not available. Traders in the following countries cannot open or use a IronFX account:

Is IronFX Safe To Trade With?

Established in 2010, IronFX has been operating for 11 years, they are headquarted in Cyprus.

IronFX is regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC). These bodies have rules that make sure that trading platforms have ploicies in place to maintain investor's assets procured. This means that IronFX users don't need to worry about their money since it's segregated and safely stored in established banks. SSL encryption secures every user's private information as well.

You can make use of an option for Two Factor Authentications (2FA) with IronFX for increased safety. An SMS with the verification code will be sent to a mobile phone. You will be required to input this code to log into your accounts.

Another concern with financial brokers is in regards to security might be manipulation of trading. This is highly disadvantageous for consumers on those platforms. However, this is much more prevalent in the case of Market Maker agents who compete with users on the stage.

Pro's & Con's Of Trading With IronFX

Every online trading platform will have some ups and downs, and no IronFX review would be complete without having a balanced approach. This IronFX review covers both the pros and cons you need to know before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.

IronFX Pro's

  • IronFX is trusted by 10,000+ clients
  • IronFX offers Negative Balance Protection
  • IronFX doesn't charge inactivity fees
  • IronFX doesn't charge deposit fees
  • IronFX doesn't charge CFD fees
  • IronFX offer trading on MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps
  • IronFX offer 100 trading instruments
  • IronFX trades major forex pairs
  • IronFX trades minor forex pairs
  • IronFX trades exotic forex pairs
  • IronFX offers trading on cryptocurrencies
  • IronFX can communicate in

IronFX Con's

  • IronFX does not offer Guaranteed Stop Loss
  • IronFX charge withdrawal fees

IronFX Review - Compare Brokers Similar To IronFX

IronFX Ayrex CIM Banque Eightcap
Rating 4/5 4/5 4/5 4/5
Minimum Deposit $500 $250 $100 $100
Year Founded 2010 2016 1995 2015
Headquarters Cyprus Cyprus Geneva Australia
Regulated By Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC) Cyprus Securities and Exchange Commission (CySEC) Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC), Securities Investor Protection Corporation (SIPC) Australian Securities and Investment Commission (ASIC)
Clients 10,000+ 10,000+ 10,000+ 10,000+
Find Out More
Risk Warning Your capital is at risk Your capital is at risk Your capital is at risk Losses can exceed deposits

IronFX Review - Regulation And Licencing In More Detail

IronFX is regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC).

IronFX, as a company, has a powerful set of rules for ensuring fair trading on its platform. For information encryption functions, it supplies an industry-standard secure socket layer (SSL).

As per the organization's privacy regulations, customer data is to not be shared with some other institutions or individuals. Including credit history and other financial details.

IronFX Review - Awards

    At the time of writing this IronFX review, they had not received any awards.

IronFX Review - Minimum Deposit Required

The minimum deposit you need to begin on IronFX is $500. This is a decent amount for people just beginning. You can make more complex deposits as you cooperate. However, make certain that you know how to make the most of your money before investing in larger amounts.

IronFX Review - Commission And Fees Explained

IronFX is an online broker platform, and many online brokerages charge lower prices than traditional brokerages tend to charge. The reason for this is that the businesses of online brokerages are scaled better. That is, an online broker isn't necessarily affected by the number of customers they have.

But this doesn't mean that online brokers do not charge any fees. They charge prices of varying rates for a variety of services to earn money. There are mainly three types of penalties for this objective.

The first sort of fees to look out for are trading charges. Whenever you make an actual trade, like purchasing a stock or an ETF, you are charged trading fees. In such instances, you're paying a spread, funding speed, or even a commission. The sorts of trading charges and the prices differ from broker to broker.

Commissions could be fixed or dependent on the traded volume. On the flip side, a spread refers to the difference between the buying and selling price. Financing or overnight rates are those who are charged when you maintain a leveraged position for more than a day.

Aside from trading charges, online agents also charge non-trading fees. These are determined by the activities you undertake in your accounts. They are charged for surgeries like depositing money, not trading for lengthy periods, or withdrawals.

In general, IronFX does not charge high fees in comparison to other online agents. For operations other brokers charge for, they do not charge a brokerage fee, or they charge a lesser amount. This is beneficial for those who regularly exchange, such as weekly or daily trading.

However, non-trading fees charged by IronFX are relatively lower. Consequently, you're billed more for non-trading activities on your trading account, such as withdrawal and deposits. These are not about the purchase and sale of resources.

This IronFX review breaks down every one of the applicable non-trading charges for you in detail.

Compare broker fees against IronFX

IronFX Ayrex CIM Banque Eightcap
Minimum Deposit $500 $250 $100 $100
Withdrawal Fees variable $10 variable Yes
Inactivity Fees No No
Deposit Fees No Yes
CFD Fees No Yes

IronFX Review - Withdrawal Fees Explained

IronFX charges a withdrawal fee when you create a bank transfer. Each time you transfer money back into your bank account, these withdrawal fees become applicable.

Withdrawal of money is possible at any moment from the IronFX account. You can withdraw sums up to the amount of your account balance, keeping aside the margin utilized. One thing to keep in mind is that you don't always have to have any money in your account.

Moreover, the withdrawn money will be moved directly to the account you use to create deposits. Therefore, if you used a credit card for deposits, the withdrawn money will be sent into the card. IronFX will ask you to provide other withdrawal methods if your details have changed since your deposit.

There is a minimum withdrawal amount. In case you are withdrawing money in various currencies from USD, a conversion fee is also important. The conversion fee will be dependent on the money you are choosing to withdraw in.

IronFX Review - Inactivity Fees Explained

Understanding whether you will be charged inactivity fees is one of those buzzing questions that run through your mind while open an account with IronFX. An inactivity fee is an amount charged to registered dealers that haven't engaged in buying or selling for a while. The period regarded as inactive is determined by the broker.

The inactivity fee also differs from 1 agent to another and isn't standardized. If a dealers account doesn't have a purchasing or selling transaction, it is claimed by the broker as an inactivity charge. The traders need to pay this fee under conditions and terms they had agreed while enrolling.

IronFX doesn't charge inactivity fees so you are free to pop in and out of your account as needed

Even if no charges have been implied by IronFX, it's better for you to close the account if you're inactive. Inactivity fees are not only charged by brokerage companies but also many financial services.

For other trading platforms, the inactivity fee depends on the sort of account you've chosen. The inactivity fee is exposed to a lot of circumstances and needs to be revealed clearly by the broker beforehand.

IronFX Review - Deposit Fees Explained

When you transfer money into your trading account from the bank account, a deposit fee can be billed by the broker. Most brokers don't charge an excessive amount of money for this particular operation.

IronFX doesn't charge deposit fees so you are free to transfer smaller amounts of money in more regularly if needed

Depositing money on the IronFX trading platform is easy. You just have to finish a single-user profile survey to begin depositing money into your trading account. You'll need to provide an identity evidence and proof of residency to deposit substantial sums.

IronFX Review - Compare Broker Deposit Methods

IronFX Ayrex CIM Banque Eightcap
Minimum Deposit $500 $250 $100 $100
Credit Card Yes
PayPal No
Neteller No
Skrill No
Payoneer Yes

What Can You trade With IronFX?

Note: IronFX provides a lot of different trading instruments due to regulatory restrictions in various countries. Trading instruments offered will be different depending on the country of residence of the client.

IronFX has a wide variety of over 100 instruments available for you to trade with.

If trading currency pairs is of interest to you then IronFX offer over 120 currency pairs.

Compare IronFX, Ayrex, CIM Banque & Eightcap below.

IronFX Ayrex CIM Banque Eightcap
Platforms MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps Android , iPhone, Mac, iPade Android , iPhone, Mac, iPade MT4, Tablet & Mobile apps
Instruments Available 100 40 74 100
Forex & Crypto
Forex Pairs Available 120 45
Offers Major Forex Pairs? Yes Yes No Yes
Offers Minor Forex Pairs? Yes No No Yes
Offers Exotic Forex Pairs? Yes Yes No Yes
Offers Cryptocurrencies? Yes No No No
Commodity CFD's
Commodities Offered 10 0 0 0
Trade Metals? Yes No No Yes
Trade Energies? Yes No No Yes
Trade Agricultural? No No No No
Indiced & Stock CFDs
Stocks Offered 101 0 0 0
Trade UK Shares? Yes No No No
Trade US Shares? Yes No No No
Trade German Shares? Yes No No Yes
Trade Japanese Shares? Yes No No Yes

Your capital is at risk

Your capital is at risk

Your capital is at risk

Losses can exceed deposits

Alternatives To IronFX

If, after reading this IronFX review, IronFX doesn't quite fulfill your needs check out these IronFX alternatives.

We've scoured the internet to find the best alternatives to IronFX. Click the links below to learn more.

Frequently Asked Questions about IronFX

Can I try IronFX before I buy?

Yes, you can most certainly try IronFX before you buy. IronFX offers demo accounts for the ease of beginner traders. You can use this feature to build your faith in the system and yourself and your trading strategies.

If you register to get a demo account on IronFX, you will set out with a decent amount of virtual currency. It's to establish a feeling of safety and confidence in you until you choose to spend your own money.

With this digital IronFXdemo account, you can experiment at all, to whatever period you desire. You can even open positions, examine different trading strategies, and more.

IronFX specifies on its official site that you can trade real time stocks with your demo account.

Is IronFX safe?

You can drop all your worries since we believe that IronFX is completely safe to use. It's in compliance with all the principles of Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC).

Nevertheless, IronFX does not provide assured stop-loss protection.

Why does IronFX ask for my passport?

The reason that IronFX asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, IronFX has to be careful that they don't breach any money laundering laws and part of that is know as KYC (Know your customer). This means that at all times, IronFX must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law.

How can I start trading with IronFX?

The process to start trading withIronFX is perhaps simple enough to be a cakewalk. You need to begin by signing up on the IronFX website. It will require you to fill in details pertaining to the credibility and security of your account.

Once you are done setting up your profile, you must deposit a minimum amount to get started. The minimum deposit for a live acocunt with IronFX is $500. You should have a good hold over the nuances of online trading before you set out and trade with real money.

If you are confident of your knowledge and understanding, you can open an account with IronFX.

The best way to kickstart your trading career with IronFX is to open a demo account facility before risking any real money

What funding methods do IronFX accept?

There are a number of ways to fund your account with IronFX. The process is effortless and quick, with various payment methods at your fingertips.

You can use debit or credit cards ranging from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal can be at your disposal for depositing funds. You must keep in mind that PayPal isn't available in every country. The monies IronFX

Is my money safe with IronFX?

Yes, your money is safe and secure with IronFX. As you know, IronFX operates with proper conformation to. It has established plenty of steps to protect all of its investors.

IronFX protects its clients' private and sensitive information under SSL encryption. Your funds will be kept highly secure in top-tier banks.

If you want to further protect your account, you can enable Two-Step Verification also. It takes an SMS confirmation for you to access your account.

Is IronFX trading good?

Yes, trading through IronFX is a pleasant and decent experience indeed. It is a great and intuitive platform with useful features for your ease. In addition, you could even obtain access to a huge collection of educational tools and assistive substance to kickstart your trading experience.

If you are still skeptical, it is possible to open a eToro demo account and evaluate the trustworthiness of the platform for yourself.

Which Countries does IronFX support?

IronFX operates across the globe. However, due to regulations there are some countries that IronFX do accept clients from

Is IronFX legit?

IronFX is a legit company headquarted in Cyprus since 2010. They are regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC). IronFX is an acclaimed fintech company, which operates with transparency. You will not have to bear any hidden costs or be a victim to any scams.

Is IronFX a good broker?

IronFX is a great agent, and its own users can vouch for it. The highlight of the platform is its fast order execution on trades.

You will find the clean design of this platform and the commendable features a pleasure to work with.

Is IronFX a trustworthy broker?

Yes, IronFX is a trustworthy broker. Top-tier financial authorities regulate all operations. Over 10,000+ users registered with them can reaffirm their trustable nature.

What is the minimum deposit for IronFX?

The minimum deposit to open a live account with IronFX is $500

How long do IronFX withdrawals take?

Normally, withdrawal of money from IronFX is actioned within a couple of working days but depending on the withdrawal method chosen, it could take up to 7 working days for the withdrawal from IronFX to show in your bank account.

Are IronFX regulated?

IronFX are regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC)

Is IronFX a market leading broker?

IronFX is currently one of the business leaders. It supports over 10,000+ registered customers and over 11 years of experience on its record. They're one of the world's leading trading platforms and a prominent figure in the Fintech revolution.

It majorly owes this status to its unbelievable platform and wide selection of resources plus tools so you can put money into capital markets.

Is IronFX a con?

No, IronFX is not a con. They are regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC) and must adhere to their rules. Thus, it is safe to say that IronFX is not a scam.

Can you make money with IronFX?

Using IronFX, many traders make a great deal of cash. However, typically, through consistent trading, you can make between 2% - 10% profit a month.

This may seem like a little number, but within the entire year, this adds to a significant number of gains. Even though IronFX supply you all the tools to earn money, they can't guarantee you will gain.

Does IronFX have fees?

Yes. To begin trading using IronFX, you need to deposit $500. Certain commissions while trading also apply. Any processing fees from your bank will have to be incurred by you.

When was IronFX founded?

IronFX was founded in 2010 in Cyprus. IronFX is regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC).

How many people use IronFX?

IronFX is a globally recognised agent with 10,000+ customers.

Where is the IronFX head office?

IronFX has its head office in Cyprus

Does IronFX offer negative balance protection?

Yes, IronFX has Negative Balance Protection. It's especially offered while the industry volatility prevents customers from allowing their account go into the red. In such a scenario, IronFX offers the ability to reset a clients account balance to zero.

You are able to go through the critical stipulations on IronFX's site to understand their policies.

Does IronFX offer guaranteed stop loss?

IronFX regrettably, doesn't offer guaranteed stop loss. IronFX provides an opportunity for its dealers to close their trades in their given price. Apart from that, IronFX does not provide guaranteed stop loss.

Does IronFX allow scalping?

Yes, IronFX do permit scalping. Several traders across the world choose IronFX due to their scalping services. They offer trading on MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps which let this.

Does IronFX allow hedging?

Yes, IronFX does allow hedging.

Can you trade energies with IronFX?

Yes, you can trade energy stocks with IronFX

Can you trade agricultural shares with IronFX?

No, unfortunately you cannot trade agricultural stock with IronFX

Can you trade cryptocurrency with IronFX?

Yes, you can trade cryptocurrency with IronFX

Can you trade metals with IronFX?

Yes, you can trade metals with IronFX

Can you trade UK Shares with IronFX?

Yes, you can trade UK shares with IronFX

Can you trade US Shares with IronFX?

Yes, you can trade US shares with IronFX

Can you trade Japanese Shares with IronFX?

Yes, you can trade Japanese shares with IronFX

Can you trade German Shares with IronFX?

Yes, you can trade German shares with IronFX

Does IronFX accept bank transfers?

No, IronFX does not accept bank transfers.

Does IronFX accept credit cards?

No, IronFX does not accept credit cards.

Does IronFX accept PayPal?

No, IronFX does not accept PayPal.

Does IronFX accept Skrill?

No, IronFX does not accept Skrill.

Does IronFX accept Payoneer?

No, IronFX does not accept Payoneer.

Does IronFX accept Neteller?

No, IronFX does not accept Neteller.

Does IronFX offer Live Chat customer support?

No, IronFX does not offer customer support through live chat.

Does IronFX offer phone customer support?

No, IronFX does not offer customer support over the telephone.

Does IronFX offer email customer support?

No, IronFX does not offer customer support through email.

What languages can IronFX communicate in?

IronFX has the ability to communicate and support customers who speak:

Does IronFX have a wikipedia page?

No, IronFX does not have an official wikipedia page.

Does IronFX offer demo accounts?

Yes, IronFX offers demo accounts so you can learn their systems before risking any real money.