IronFX


Overall Score   How is this Calculated?

9.1

Ranks #11 of 29
In Reviews > IronFX


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Details:

  • Min. Deposit: $50
  • Max. Leverage: 500:1
  • First Deposit Bonus:
  • Min. Lot Size: 0.01
  • Regulation: FCA, ASIC, FSB, FSP, CRFIN, UCRFIN, CySEC, MiFID, Eurex

  RATING

Ease of Access:
9.3
Reliability:
9.0
Support:
9.2
Payouts pct.:
9.2

  AWARDS

IronFX Review – A Global Leader in Online Trading


Founded in 2010 and headquartered in Cyprus, IronFX is an award winning broker with offices in over 27 locations worldwide. They are considered a global leader by many as they serve traders from over 180 countries, and their service is available in more than 45 different languages. They are also the official sponsors of Barcelona FC. Their primary aim is to provide traders with bespoke trading functionality on their platforms, combined with a wide suite of products in order to offer the best pricing, execution and liquidity.

 

The company complies with international regulatory standards, and is authorized/regulated by ASIC, FCA, DFSA, FSB, FSP, CRFIN, CySEC, UCRFIN. They are also EU regulated and MiFID compliant.

 

Types of Account

 

IronFX is dedicated to traders of all levels and offers multiple account types with various spreads. All accounts come standard with 24/7 support, dedicated managers, industry leading platforms, and a large variety of tools.

 

Micro Account – This account is ideal for new traders who would like to test the waters with a small balance. Minimum deposit ranges from $500 up to $10,000. The account is available in 10 different currencies (USD, EUR, GBP, AUD, JPY, CHF, PLN, RUB, CZK and HUF). Clients have the choice of a fixed or variable spread. The account has a flexible leverage of 1:1 up to 1:500.

 

Premium Account – The premium account is similar to a micro account and is for the more experienced trader. It is also available in 10 different currencies, has both a fixed and variable spread, and 1:1 up to 1:500 leverage. The minimum deposit is $2,500.

 

VIP Account – The VIP account is for veteran traders or those with experience and a larger balance to trade. This account is only available in one currency (USD), and has a minimum deposit of $20,000. Traders who use this account have the ability to trade mini lots. Like the other two accounts, it has a fixed and variable spread with a leverage of 1:1 up to 1:500.

 

STP / ECN Accounts – These accounts are available for traders looking for direct access to deep liquidity and interbank pricing offered by top-tier liquidity providers. Currencies available for these account types include USD, EUR, GBP, AUD, JPY, CHF, PLN, RUB and HUF. Spreads start as low as 0 pips, and the leverage is 1:1 to 1:200. Here you can choose between STP No Commission, and STP Zero Spread accounts. Traders also have the ability to trade mini lots. IronFX also offers this account in a micro version.

 

Zero Fixed spread Account – IronFX also offers a zero fixed spread account with a minimum deposit requirement of $500. Traders have the ability to trade mini lots, have a 1:1 to 1:500 leverage, and are subject to low commissions per lot. Currencies available for this account type include USD, EUR, GBP, JPY, CHF, PLN, HUF, RUB and AUD.

 

Demo Account – For traders who would like to test out IronFX or learn more about trading prior to investing their savings, the demo account is a great option.

 

Institution/Business Accounts – IronFX also caters to institutions and businesses and have an affiliate account, affiliate plus account, business account and the option for managed accounts.

 

The Trading Platform

 

IronFX is proud of the fact that they provide their clients will access to over 200 financial instruments which is great for anyone looking to trade CFD’s on currencies, commodities, indices and stocks (which also includes Forex and spot metals). Traders who sign up will have immediate access to 15+ different platforms.

 

PC Users:

 

  • MT4 Standard
  • MT4 Advanced
  • MT4 for Mac
  • MT5
  • PMAM
  • Webtrader
  • Multitrader

 

Mobile Users:

 

  • Blackberry Trader BB10
  • Blackberry Trader (OS: 5,6, 7.x)
  • MT4 iPhone Trader
  • MT5 iPhone Trader
  • MT4 Android Trader
  • MT5 Android Trader
  • Smartphone Trader

 

Tablet Users:

 

  • MT4 Android Trader
  • MT5 Android Trader
  • MT4 iPad Trader
  • MT5 iPad Trader

 

Deposit and Withdrawal Process

 

IronFx offers a wide range of deposit and withdrawal options, and there is zero charge for all transactions. Payment authorization and funding is 100% automated, and can be completed through a single user interface.

 

Debit Card / Credit Card:

 

Deposit: Processed within 1 business day.

Withdrawal: Processed within 1 business day. Funds received within 4-7 days.

 

Bank Wire:

 

Deposit: Processed within 1 business day.

Withdrawal: Processed within 1 business day. Funds received within 3-5 days depending on bank.

 

Moneybookers:

 

Deposit: Processed within an hour of time of deposit.

Withdrawal: Processed within 1 working day.

Transaction Maximum: $2,500

 

Webmoney:

 

Deposit: Processed within 1 business day.

Withdrawal: Processed within 1 business day.

Additional Info: Must provide specific details in order to have money credited to IronFX account.

 

Neteller:

 

Deposit: Processed within 1 hour.

Withdrawal: Processed within 1 business day.

Transaction Maximum: $2,500

 

Promotions and Loyalty Program

 

IronFX offers two different welcome bonuses. On signing up and depositing, traders are offered either a 10% sharing bonus up to $10,000 or a 40% power bonus up to $4,000. They also offer a referral bonus which ranges from $50-$200 depending on the type of account the referral chooses. IronFX also hold thematic live trading competitions which are known as the largest in Forex history.

 

Customer Serviced and Security

 

IronFX has over 1,000 employees worldwide and provides customer service on a 24/7 basis. There are a variety of ways to contact them and customer service is offered in over 45 different languages.

 

Security is IronFX’s top priority. In addition to using the most advanced technology and strategic data storage placement, they also segregate client funds ensure that the funds are used solely for each client’s trading purposes. Traders are also protected by the Investor Compensation Funds.

 

Conclusion

 

IronFX is regarded as a global leader and for good reason. They are very dedicated to traders around the world and provide a wide range of options – both in terms of tools and possible investments. This keeps the playing field equal within their client base while offering a competitive edge over other brokers.

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User Reviews (1)

  • I have tried a couple of their platforms and they seem reliable. I have spoken to a few of their sales and they seem willing to help whenever I have needed them. I have only traded on the demo account so far because i'm testing different brokers but I think they fair well. I have been told about a Mirror account which seems to be interesting. It is based on hedging and you are allowed to utilise the bonus in one of their accounts which seems to be a way to get a sure return on your investment.

    Jonathan
    2015-06-01

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