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Established2010
CountryUnited Kingdom
Regulators CySEC (Licence no. 125/10)
Trading PlatformMetaTrader 4
Website Language English, Spanish, Portuguese, Russian, Chinese, Indonesian, Malay, Thai, Arabic, Vietnamese, Korean
Bass CurrenciesUSD, EUR, GBP,
Minimum Deposit500
Maximum Leverage1:500
Minimum Spreads0.7 Pips
Swap Free AccYes
Acc Funding MethodsMasterCard, Bank Wire, Neteller, FasaPay, Skrill, China Union, DotPay
Acc Withdrawal MethodsMasterCard, Bank Wire, Neteller, FasaPay, Skrill, China Union, DotPay
Type Of BrokersMM/ECN/STP
Mini AccountsYes
VIP AccountsYes
Segregated AccYes
Islamic AccountsYes
Managed AccountsYes
Free Demo AccYes
Mobile TradingYes
Web TradingYes
Hedging ScalpingYes
News TradingYes
No Deposit BonusYes
Welcome BonusYes
Other BonusYes
Telephone No+44(0) 203 282 7777
Fax Number+357 25027001
Address12th Floor, Broadgate Tower, 20 Primrose Street, London, EC2A 2EW, UNITED KINGDOM

IronFX Review

IronFX is an online forex broker in the UK and Australia that is owned and managed by a Cyprus Investment Firm (CIF) called IronFX Global Limited. Established in 2010 the brokerage firm is regulated by the FCA (license number 585561) in the UK under, and it has its UK website situated at www.ironfx.co.uk. Currently, IronFX does not allow clients from the United States to trade with their financial platform.

Protected by the UK’s Financial Services Compensation Scheme - At IronFX, consumer’s private accounts are secure because their funds get kept with top tier banks in segregated accounts. The compensation for traders is secure idea for traders because there is a check for them to see if the broker could not meet its financial obligations.

ironfx

Due to the similarity in services, platforms and websites provided by IronFX’s Australian and UK entities, this review will cover both of these online forex brokers as if they were one.

The broker has not only forex trading platform but also offer Commodities, Spot Indices, Shares, Futures and Metals trading. Yet, the brokerage firm serves more than a million customers for almost 200 different countries around the world and offers more than 200 different types of instruments.

They get demonstrate as a sponsor of FC Barcelona club football and yacht racin. We found them to be a very competitive trading firm built primarily on the *9MetaTrader 4 platform. IronFX is open to pick whether Forex, commodities or CFDs trading for their clients from various financial markets through many available options to account types from micro accounts to non-dealing desk accounts. Clients can choose to pay either commissions or spreads on their trades. IronFX also pay attention to their customers negative balance protection and slippage protection. (So a customer will never have to pay more than the amount he/she did funded).

ironfx

Exceptional Features of Trading with IronFX

IronFX has the good thing about being run by a group of financial professionals that bring many years of experience to the table. Their team includes market analysts, risk management experts, client business solution specialists and computer software developers.

Additionally, IronFX services both retail and institutional investors much more than 180 countries around the world, offering them the capability to trade on competitive dealing spreads in more than 200 financial tools. In conditions of influence, the broker offers leveraging ratios of just as much as 1 to 500 on some trading instruments, such as fx currency pairs for example.

This broker also have useful bonus deals for serious forex traders, with incentives that at present include a 100 percent Sharing Bonus if you can deposit $10, 1000 and a 20% Flat iron Bonus if you can deposit up to $2, 000. Several Terms and conditions do apply, and zero of this bonus cash can be taken away of your account.

UP TO 1M GBP PROTECTION PER

Even the brokerage firm offers Excess of loss insurance cover over for FCA consumers above the FSCS limit of £50,000. The amount is up to £1,000,000 per client.

 

IronFX Regulations

As mentioned on introduction on this article, The brokerage IronFX operates in several possession of regulation authority and is under several regulatory authority’s supervision.

Financial Conduct Authority (FCA) controlled 8Safe UK Limited as subsidiary company for IronFX in the UK. IronFX Global Limited is monitored by CySEC in Cyprus and in Australia, IronFX is authorized by naming GVS (AU) Pty Limited to operate by the Australian Securities and Investments Commission (ASIC). And it should mentioned too that in South Africa IronFX registered by South African Financial Services Board.

IronFX Reliability

Since IronFX first started out their functions in 2010, they have set up a reputation of being a customer oriented broker. Hence, it is far from surprising to learn that they can be currently offering over a million clients worldwide.

If we consider the fact that they are regulated under possible regulatory authority to get enough trusts by consumers, also serves to further grow their trust factor as the broker have to maintain the financial services to customer’s fund, privacy rules in the industry best practices on the way they handle their clients' funds.

As a regulated broker of the Cyprus Securities and Exchange Commission, Financial Conduct Authority and more regulatory authority as well as consumer’s funds are being protected under the Financial Services Compensation Structure in the UK and Investor Compensation Scheme in Cyprus. For the past protection scheme, traders are got insurance up to a maximum amount of GBP 50 thousands whereas for the latter, the maximum amount of compensation is 20 thousand euros.

ironfx

IronFX Trading Platforms

IronFX is okay with their clients to provide them with variations of the forex market’s most famous and used MetaTrader 4 (MT4) trading platforms. The desktop version of the MT4 system is often regarded as the industry standard trading platform since it is widely adopted by brokerages from all over the world.

IronFX’s branding popularity is much higher due to the fact that the powerful platform comes with a wide array of trading tools and is highly customizable. Its key features include: 

  • Real time news
  • Real time price feeds
  • Activity reports
  • Advanced charting package
  • Support for Experts Advisors (EAs)
  • Support for multiple order types
  • Wide range of built in technical indicators 

It should be noted that the METATRADER 4 platform is available too as a web established forex trading platform which traders can access straight using their web internet browser. For cash managers, IronFX has also offered the MT4 Personal Multi-Account Administration (PMAM) platform. With it, money managers can deal with as well as control several MT4 trading data files simultaneously. Some of the key features of the PMAM platform include:

  • Activity Reports
  • One Click Trading
  • Online Orders and Portfolio management
  • Live news feeds
  • Live price feeds
  • Manage unlimited accounts
  • Support for Multiple funds

 

Mobile Trading

It is true that the small smartphones and mobile devices are now dominating the world not only in IT industry but also almost all areas. It this case, a huge number of liquid market traders also chooses to be able to trade to their relating financial markets using their favorite device.

For the flexibility for their consumers, IronFX has also provided mobile optimized version of the MT4 trading system which traders can down load and installed onto their smartphones. These mobile programs can certainly be downloaded from Google Pay Store or Apple's App Store.

 

IronFX Trade Types/Instruments

IronFX customers can trade in spot forex, commodities, indices, metals, futures and shares. In one word, there are 216 different types of trade-able instruments to select.

IronFX Account Types

As for the types of trading accounts which are available at IronFX, there are 6 types readily available for retail clients. These kinds of include: 

The Micro Account

  • Micro lots
  • Fixed or Variable spread
  • Minimum deposit $100
  • Dedicated Account Manager

The Premium Account

  • Fixed or Variable spread
  • Minimum deposit $2,500
  • Dedicated Account Manager
  • Dealing department hotline

The VIP Account

  • Fixed or Variable spread
  • Minimum deposit $20,000
  • Dedicated Account Manager
  • Dealing department hotline

The STP/ECN Accounts

  • Spreads from as low as 0 pips
  • Minimum deposit $500
  • Leverage from 1:1 up to 1:200
  • STP No Commission
  • STP Zero Spread account
  • Micro lots

The Zero Fixed Spread Account

  • Micro lots
  • Minimum deposit $500
  • Dedicated Account Manager
  • Low commissions per lot

The Mirror Account

  • Instant internal transfers
  • Lower stop-out levels

Apart, IronFX has also provided four types of accounts for investor industry clients. These include:

  • Business Account
  • Affiliate Account
  • Affiliate Plus Account
  • Managed Accounts

 

IronFx Commissions & Spreads

Customer can choose whether he / she want to fixed or variable spreads to execute while she / he is on trading at IronFX. You can follow our last tested information about minimum and typical variable spreads at IronFX -

Instrument

Spreads in pips (Typical Spreads)

EUR/GBP   

0.9          (1)

EUR/USD   

0.7          (1.2)

EUR/AUD    

5              (5.2)

EUR/CAD   

5.2          (5.2)

EUR/CHF    

1              (2.2)

USD/CHF   

1.3          (1.4)

USD/JPY   

0.4          (0.9)

AUD/CAD  

5.7          (6)

CAD/CHF

6              (6.8)

AUD/JPY   

4              (4.1)

IronFX Deposits & Withdrawals Methods

IronFX have provided several payment methods to funding or withdrawals so can use to help them withdrawal money from the trading account.  Traders who want to get the deposit their fund, the following eWallet or money transfer authority can be applied:

  • Bank Wire Transfer
  • Cardpay
  • Credit Cards
  • CSC24Seven
  • Dinpay
  • Dotpay
  • Ecommpay
  • Neteller
  • Safecharge
  • Skrill,
  • Webmoney

 

For withdrawals, the following methods are available:

  • Credit Card/Debit Card
  • Bank Wire
  • Skrill
  • Neteller
  • FASAPAY
  • China Union
  • DotPay
  • Mail Order & Telephone Order (MOTO)

 

Withdrawals at IronFX have time but are still subject to something payment charged by the payment processor. In conformity with CySEC regulations, all withdrawal requests at IronFX are processed within one business day.

IronFX Benefit & Promotions

To prize loyal traders, IronFX also give a wide array of bonuses and promotions. Pertaining to trading bonuses, there are 2 types, 100% Showing Bonus (up to $12, 000) and 40% Force Bonus (up to $4, 000). In addition there are regular trading competitions with attractive gifts for trader at IronFX to engage in. As an example - IronFX placed the biggest live competition in the forex trading industry with the grand prize being a supercar or $150, 000 in cash in 2013.

IronFX Customer Support

Customers at IronFX have several support methods such as live chat, email ticketing, and telephone. Maybe, the mobile phone is the better way which the support team can use to make contact with traders.

To support their clients on a global basis, IronFX has translated the website to more than a dozens of different languages.

 Summary

You have already noticed that, IronFX have positive marks in our review. The brokerage firm offers industry proven technology side - user customizable trading platforms - the MetaTrader 4 and IronFX WebTrader-4.

IronFX has only been with us since 2010, but they have managed to earn a reputation as one of the most reliable forex brokers around. The quality of their services and bonuses are truly really worth checking for anyone who is buying new broker. 

Newbie forex traders can find helpful resources to get start in the industry, and the account offerings (micro accounts), tools will be ideal for them. The flexibility and customizable trading tools provided by the MT4 platform will satisfy occasional traders. Expert customer support and the enormous layout of financial markets, and technical research tools should meet the needs of most forex traders.

 

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