IronFX Guide – Read our In-Depth IronFX Review
IronFX Rating: 4.48 / 10
Our proprietary rating algorithm takes all of our datapoints to generate the rating. This keeps things fair and removes human bias to ensure that our users can compare brokers easily and find the best ones.
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 users in BR, KR, IR, IQ, SY, JP, US
If you are a new entrant in the realm of trading and broker, so many details will be confusing for you. Getting into the area of trading demands expert assessing skills and comprehensive knowledge. You will get adept at all the concepts of brokerage as you continue trading. For starters, you need to choose the ideal broker who'll be transparent with you always.
In this fast-paced world of stock markets and trading, you will need advice to make proper decisions. A professionally lead investment plan will create hefty returns. IronFX is just one such platform which will take you and your investment into great heights. It's crucial to understand about IronFX until you trust them with your cash.
IronFX Review – Quick Overview
IronFX Telephone Number:
IronFX Email Address:
Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC)
Number Of Clients:
10,000+ IronFX users and traders
IronFX Facebook Likes:
IronFX Twitter Followers:
IronFX Instagram Followers:
Your capital is at risk
|IronFX Telephone Number:|
|IronFX Email Address:|
|Regulated By:||Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC)|
|Number Of Clients:||10,000+ IronFX users and traders|
|IronFX Facebook Likes:||0|
|IronFX Twitter Followers:||0|
|IronFX Instagram Followers:||0|
Your capital is at risk
Our entire IronFX Review covers all you need to know about trading using IronFX. A good broker can multiply your initial investments and give you positive profits. If you would like to earn profits, you must trade with a broker service that aligns with your investment objectives.
There's absolutely no sure-fire method to guarantee profits; thus, you must carefully assess your broker before you choose them. It is a frequent misconception that all brokers are the same, but that's not true. Wrong judgment, initially, can set your investments at risk.
IronFX is a broker that has found its way successfully into the brokerage world. In this review, we have attempted to collate a number of the important facets of IronFX. This review can allow you to understand whether IronFX is a good match for your investments or not. We have attempted to breakdown all of the features and charges for your convenience.
IronFX Review, Table Of Contents
- Who are IronFX?
- Benefits Of Trading With IronFX
- Everything you should know about trading with IronFX
- Is IronFX Safe To Trade With?
- IronFX Risk Disclaimer
- Pro's & Con's Of Trading With IronFX
- Compare Brokers Similar To IronFX
- Regulation And Licencing In More Detail
- IronFX Awards
- Minimum Deposit Required For A Live Account With IronFX
- IronFX Commission And Fees Explained
- Compare broker fees against IronFX
- IronFX Withdrawal Fees Explained
- IronFX Deposit Fees Explained
- Compare Broker Deposit Methods
- What Can You Trade With IronFX?
- IronFX Customer Support
- Alternatives To IronFX
- Frequently Asked Questions About IronFX
Who are IronFX?
IronFX is a forex broker headquartered in Cyprus and provides a range of instruments for online trading. Since its beginning in 2010, IronFX has emerged as a top-tier player in the industry of online broker. IronFX includes a highly aggressive and full-featured trading website that is focused on forex, indices, metals, shares, commodities.
Over the past 11 years, IronFX has grown into one of the leading online brokers.
After establishing in 2010, their client base has become as big as 10,000+ clients.
IronFX is a favourite for many traders.. Our IronFX review found that they are an excellent alternative for automated trading solutions. They're most appropriate for investors that are looking for an assortment of assets. Social and automated trading options are the heart at IronFX.
Technology plays a substantial role at IronFX. IronFX offers trading on MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps. IronFX is honest, transparent, and a well-regulated agent by the Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC). Their outstanding variety of resources will be beneficial for most traders. Third-party partnerships also supply in-house research.
The trader resource section at IronFX is very enlightening for new dealers since it allows them to get a closer look in the financial markets. IronFX caters to all types of traders and are a must-have broker for any well-diversified approach to trading.
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 with IronFX
IronFX is a dynamic platform that provides various techniques of trading online. These tools cover the monetary markets considerably. Most of the broker platforms provide fewer methods than IronFX
If you want to exchange with IronFX, you'll need a minimum deposit of $500. This deposit is compulsory if you would like to begin trading using IronFX. This 2021 IronFX review will guide you clearly about trading with them.
IronFX is as flexible as any other broker platform. IronFX is excellent for traders that want a manageable assortment of cheap services. The programs offered by IronFX are third-party, white-label offerings. All traders can choose out of 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 absolutely no minimum time over which a transaction must be kept available. The brokers provide premium customer service which rewards clients with benefits.
Many unprofessional brokers try to pressurise users into bigger funding for premium services. IronFX, on the other hand, is much more concentrated on trading volume. Dealers can expect trading conditions to be reasonable, honest and transparent. The more lots traded by the user, the more advantages will come along.
IronFX accounts are available globally and provides outstanding service everywhere they have clients. There are a few countries where IronFX accounts are not available. Traders in the following countries cannot open or use a IronFX account:
BR, KR, IR, IQ, SY, JP, US
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 ensure that trading platforms have ploicies in place to maintain investor's resources secured. This usually means that IronFX users do not need to worry about their money as it's segregated and safely kept in established banks. SSL encryption simplifies each user's private information as well.
You can make use of a choice for 2 Factor Authentications (2FA) with IronFX for heightened safety. An SMS for the verification code will be sent to your mobile phone. You will be asked to input this code to log in to your accounts.
Another concern with financial brokers with regards to security may be manipulation of trading. This is highly disadvantageous to consumers on these platforms. Nonetheless, this is more prevalent in the case of Market Maker brokers who compete with customers on the platform.
IronFX Risk Disclaimer
Your capital is at risk
Pro's & Con's Of Trading With IronFX
Every online trading platform will have some pros and cons 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 is trusted by 10,000+ clients
- IronFX doesn't charge withdrawal fees
- IronFX doesn't charge inactivity fees
- IronFX offers social trading
- IronFX offers copy trading
- 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 English, and Chinese
- IronFX does not offer Negative Balance Protection
- IronFX does not offer Guaranteed Stop Loss
- IronFX has high minimum deposit requirements
- IronFX charge deposit fees
- IronFX charge CFD fees
- IronFX doesn't offer trailing stop
IronFX Review - Compare Brokers Similar To IronFX
|IronFX||zulutrade||fx global markets||grand capital|
|Rating||4.48 / 10||6.25 / 10||6.65 / 10||6.55 / 10|
|Regulated By||Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC)||Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F334||Cyprus Securities and Exchange Commission (CySEC), with CIF license No. 242/14||Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F250|
|Find Out More|
|Risk Warning||Your capital is at risk||Your capital is at risk||83.12% of retail investors' accounts incurred losses when trading differential contracts with this provider||Your capital is at risk|
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 business, has a powerful collection of rules for ensuring honest trading on its platform. For information encryption functions, it supplies an industry-standard secure socket layer (SSL).
As per the company's privacy regulations, customer information is to not be shared with some other institutions or individuals. This includes credit history and other financial information.
IronFX Review - AwardsAt the time of writing this IronFX review, and despite IronFX’s impressive offering, the company has surprisingly not garnered any other awards to date.
IronFX Trading Platforms
IronFX are a trustworthy trading platform that has been trading for over 11 years. They offer a wide range of options in their client accounts.
Below we take the main parts of any good online broker and compare IronFX against zulutrade, fx global markets, and grand capital
IronFX Review - Minimum Deposit Required
The minimum deposit you need to get started on IronFX is $500. This is a decent amount for people just beginning. You can make more advanced residue as you cooperate. But, ensure that you understand how to make the most of your cash before investing in larger amounts.
IronFX Review - Commission And Fees Explained
IronFX is an online broker platform, and many online brokerages charge lower fees than traditional brokerages tend to charge. The reason for this is that the companies of online brokerages are scaled better. That is, an online broker is not necessarily affected by the number of customers they have.
But this doesn't mean that online brokers don't charge any fees. They charge fees of varying rates for various services to make money. There are mainly three different types of penalties for this objective.
The first kind of charges to look out for are trading charges. When you make an actual trade, like purchasing a stock or an ETF, you are charged trading fees. In such instances, you're spending a spread, financing speed, or a commission. The sorts of trading fees and the rates vary from broker to broker.
Commissions can be fixed or dependent on the traded volume. On the flip side, a spread refers to the gap between the buying and selling price. Financing or overnight prices are those who are billed when you hold a leveraged position for longer than a day.
Apart from trading charges, online agents also bill non-trading fees. These are dependent on the activities you undertake in your accounts. They're charged for things like depositing cash, not investing for lengthy periods, or withdrawals.
Generally, IronFX does not charge high fees in comparison to other online brokers. For operations other brokers charge for, they either do not charge a brokerage fee, or they charge a lesser sum. This is beneficial for those who often trade, such as weekly or daily trading.
However, non-trading fees charged by IronFX are comparatively higher. As a result, you are charged more for non-trading actions in your trading account, such as deposits and withdrawal. These aren't about the sale and purchase of resources.
This IronFX review breaks down each of the applicable non-trading fees for you in detail.
Compare broker fees against IronFX
IronFX Review - Withdrawal Fees ExplainedIronFX doesn't charge withdrawal fees
Withdrawal of cash is possible at any moment from your IronFX account. You can withdraw up sums to the sum of your account balance, keeping aside the perimeter utilized. One thing to keep in mind is that you don't always need to have any cash in your account.
In addition, the withdrawn money will be transferred directly to the accounts you use to create deposits. Thus, if you used a credit card for deposits, the withdrawn cash is going to be sent to 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 the event you are withdrawing cash in different currencies from USD, a conversion fee is also applicable. The conversion fee will depend on the money you're opting to withdraw in.
IronFX Review - Inactivity Fees Explained
Understanding whether you will be charged inactivity fees is one of the buzzing questions which run through your head when open an account with IronFX. An inactivity fee is an amount charged to registered dealers who haven't participated in purchasing or selling for some time. The period considered inactive is determined by the broker.
The inactivity fee differs from 1 agent to another and isn't standardized. If a dealers account does not have a buying or selling transaction, it's claimed by the agent as an inactivity charge. The traders need to pay this fee under conditions and terms that they had consented while registering.
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 is better that you close the account if you're inactive. Inactivity fees are not only charged by brokerage firms but also many financial services.
For other trading platforms, the inactivity fee is contingent on the sort of account you've chosen. The inactivity fee is subjected to many conditions and needs to be disclosed clearly by the broker beforehand.
IronFX Review - Deposit Fees Explained
When you transfer money into your trading account by the bank account, a deposit fee can be billed by the broker. Most brokers do not charge too much money for this operation.
IronFX charges a deposit fee for transferring money into your trading account.
Depositing money on the IronFX trading platform is easy. You just need to finish a single-user profile questionnaire to begin depositing money into your trading account. You will have to give an identity evidence and proof of residency to deposit large sums.
IronFX Review - Compare Broker Deposit Methods
What Can You Trade With IronFX?
Note: IronFX offers a lot of different trading instruments due to regulatory restrictions in some countries. Trading instruments offered may be different based 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 forex pairs is of interest to you then IronFX offer over 120 currency pairs.
Compare IronFX, zulutrade, fx global markets & grand capital below.
Reviewing The IronFX Mobile App
Note: IronFX's mobile app has a lot of functions and is being constantly developed. The table below was accurate at the time of compiling this IronFX review.
Understand the capabilities of the mobile apps of IronFX, zulutrade, fx global markets & grand capital below.
IronFX Customer Support
In this IronFX review we examined the options for customer service as well as response times. the IronFX trading platform problems solution effectiveness. IronFX supports various languages, including English, and Chinese.
IronFX Live Chat Support
We have tested the live chat on IronFX, and it was very effective. We sent messages through the IronFX livechat through their app and website and got a reply in less than 20 seconds. There was sometimes no response.
We have tested communication with IronFX support in multiple languages and in various countries. IronFX were successful in resolving client's problems.
IronFX Phone Support
We made a call to IronFX and the call was answered extremely promptly. It was responded to within less than five to ten minutes.
IronFX phone support team was able to successfully address our questions and issues on the phone. We tried the multilingual IronFX team by making calls in various languages. IronFX made an effort to ensure that our questions were addressed.
The overall support via phone from IronFX was satisfactory.
IronFX Email Support
We sent several emails to IronFX and responses were generally very good. The fastest email response from IronFX was 3 hours while the most slow response was 8 days! There were times when there were no responses. Response times to support may differ for you at IronFX, however, we've had the experience of sending 10 emails at varying times.
The team solved and responded to our questions. The overall average of email support provided by IronFX was satisfactory.
Alternatives To IronFX
If, after reading this IronFX review, they don't fulfill your requirements check out these IronFX alternatives.
We have scoured the internet to find the best alternatives to IronFX. Click the hyperlinks below to find out more.
Frequently Asked Questions about IronFX
Can I try IronFX before I buy?
Yes, you can most certainly try IronFX before you buy. IronFX provides demo accounts for the convenience of beginner traders. You can use this feature to build your faith in the machine as well as yourself and your trading strategies.
If you sign up for a demo account on IronFX, you may set out using a decent amount of virtual money. It is to establish a feeling of security and confidence in you until you decide to invest your own money.
With this virtual IronFXdemo account, you are able to experiment in any way, to whatever period you wish. You might even start positions, test different trading approaches, and much more.
IronFX specifies on its official website which you are able to exchange real time stocks with your demo account.
Is IronFX safe?
You can drop all of your worries since we believe that IronFX is completely safe to use. It is in compliance with all the rules of Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC).
Nevertheless, IronFX doesn't 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 account with IronFX is $500. You should have a good understanding of 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 multiple methods to finance your account with IronFX. The process is effortless and quick, with various payment methods in your fingertips.
You can use debit or credit cards Which range from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal is also at your disposal for depositing funds. You must bear in mind that PayPal is not available in all country. The monies IronFX
Is my money safe with IronFX?
Yes, your money is safe and secure with IronFX. As you already know, IronFX works with proper conformation to. It has established plenty of measures to protect all its investors.
IronFX protects its clients' private and sensitive data under SSL encryption. Your capital will be kept highly secure in top-tier banks.
If you wish to further protect your account, you can enable Two-Step Verification as well. It requires an SMS confirmation that you access your account.
Is IronFX trading good?
Yes, trading via IronFX is a pleasant and decent experience indeed. It's an excellent and intuitive platform with helpful features for your simplicity. In addition, you could also obtain access to a vast collection of educational resources and assistive substance to kickstart your trading expertise.
If you are still skeptical, it is possible to start a eToro demo account and assess the trustworthiness of the platform on your own.
Which Countries does IronFX support?
IronFX operates around the globe. However, due to regulations there are some countries that IronFX do accept clients from BR, KR, IR, IQ, SY, JP, US
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 this. The highlight of this platform is its fast order execution on trades.
You will discover 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 indisputably among the business leaders. It has over 10,000+ registered customers and over 11 years of experience on its record. They are among the world's top trading platforms and also a prominent figure in the Fintech revolution.
It majorly owes this status to its unbelievable platform and wide range of tools plus resources so that you may invest in 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?
Through IronFX, many traders make a great deal of money. But on average, through consistent trading, you can make between 2% - 10% profit a month.
This may seem to be a little number, but within the entire year, this adds to a substantial amount of gains. Even though IronFX supply you all of the tools to make money, they cannot guarantee you will profit.
Does IronFX have fees?
Yes. To begin trading with IronFX, you have to deposit $500. Particular commissions while trading also apply. Any processing fees from your bank might need 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 worldwide recognised broker with 10,000+ customers.
Where is the IronFX head office?
IronFX has its head office in Cyprus
Does IronFX offer negative balance protection?
Does IronFX offer guaranteed stop loss?IronFX regrettably, doesn't offer guaranteed stop loss. IronFX provides a chance to its dealers to close their trades in their specified price. Aside from this, IronFX does not offer guaranteed stop loss.
Does IronFX allow scalping?Yes, IronFX do allow scalping. Several traders across the world choose IronFX for their services that are trading. They offer trading on MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps which allow 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?
Yes, IronFX accepts bank transfers for depositing money.
Does IronFX accept credit cards?
Yes, IronFX accepts credit cards for depositing money.
Does IronFX accept PayPal?
No, IronFX does not accept PayPal.
Does IronFX accept Skrill?
No, IronFX does not accept Skrill.
Does IronFX accept Payoneer?
Yes, IronFX accepts Payoneer for depositing money.
Does IronFX accept Neteller?
No, IronFX does not accept Neteller.
Does IronFX offer Live Chat customer support?
Yes, IronFX offers customer support through live chat.
Does IronFX offer phone customer support?
Yes, IronFX offers customer support over the telephone.
Does IronFX offer email customer support?
Yes, IronFX offers customer support through email.
What languages can IronFX communicate in?
IronFX has the ability to communicate and support customers who speak: English, and Chinese
Does IronFX have a wikipedia page?
No, IronFX does not have an official wikipedia page.
Does IronFX offer demo accounts?
Yes, IronFX offers virtual portfolio accounts so you can test your trading strategies before risking any real capital. Newbie traders can open a virtual portfolio account in order to better understand the areas of Forex trading and test out some of IronFX's features before getting a live account.