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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 latest information about IronFX.

If you're a new entrant in the world of trading and broker, so many details will be perplexing for you. Getting into the area of trading requires expert analyzing skills and comprehensive knowledge. You will get adept at all of the concepts of broker since you continue trading. For starters, you need to choose the ideal broker who'll be transparent with you always.

Within this fast-paced world of stock markets and trading, you'll need advice to make proper decisions. A professionally direct investment plan will create hefty returns. IronFX is one such platform which will take you and your investment to great heights. It is important that you understand about IronFX until you trust them with your money.

IronFX review

Our full IronFX Review covers all you will need to know about trading using IronFX. A good agent can multiply your initial investments and provide you favorable profits. If you would like to make profits, you must trade with a broker service that aligns with your investing objectives.

There is no sure-fire method to guarantee profits; therefore, you should carefully analyze your agent before you choose them. It is a common misconception that all agents are exactly the same, but that's not true. Wrong judgment, in the beginning, can set your investments at risk.

IronFX is a broker that has found its way successfully to the brokerage world. In this review, we've tried to collate some of the vital aspects 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 qualities and fees for your advantage.

IronFX Review, Table Of Contents

Who are IronFX?

IronFX is a foreign exchange broker headquartered in Cyprus and provides a variety of tools for online trading. Since its inception in 2010, IronFX has emerged as a leading player in the field of online broker. IronFX has a highly aggressive and full-featured trading website that's focused on forex, indices, metals, sharesand commodities.

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

After launching in 2010, their client base has become as big as 10,000+ clients.

IronFX is the favorite for many traders because of its negative balance protection. Our IronFX review discovered that they are an excellent choice for automated trading options. They're best suited for investors who are looking for a variety of assets. Social and automated trading solutions are the core at IronFX.

Technology plays a substantial role in IronFX. IronFX features trading on MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps. IronFX is fair, transparent, and a well-regulated broker 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 analysis.

The trader resource department at IronFX is very enlightening for new traders as it allows them to have a closer look in the financial markets. IronFX caters to all sorts of traders and are a must-have broker for almost any well-diversified approach to online trading.

Benefits of doing online trading with IronFX?

Trading with IronFX includes numerous benefits. These benefits are what sets IronFX apart from all other online brokers. You should check all of the advantages listed so you have a better understanding of IronFX.

The broker goes to great lengths to comprehend what dealers need. As a result, the support price is low, fast, and convenient. The agent also gives a number of platforms for all types of traders. IronFX helps to ensure that the individual needs of all traders are completely met.

IronFX also includes excellent trading conditions that are readily available to only an elite class of institutional customers. The tight spreads and fast executions are a great advantage for the traders. The technology adopted by IronFX is of the highest caliber, ensuring that it's fast, dependable, and efficient.

IronFX admits the significance of owning a quick order execution. A fast implementation enables users to exchange without worrying about slippage safely. It is going to also help the traders to catch the maximum profitable opportunities.

Automated trading is another important aspect of IronFX. A new trader can learn from business experts utilizing the automatic trading alternative. The tight spread starts from as low as 0.0 pips, though they are offered for just razor balances.

IronFX has over 100 trading instruments to support all kinds of traders. These instruments are lively and suitable for both new and experienced traders. The dealers can set 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.

Everything you should know about trading using IronFX

IronFX is a dynamic platform that offers various procedures of online trading. These tools cover the financial markets considerably. The Majority of the brokerage platforms provide fewer methods than IronFX

If you would like to trade with IronFX, you will need a minimum deposit of $500. This deposit is required if you wish to begin trading using IronFX. This 2021 IronFX review will guide you easily about trading with them.

IronFX is as flexible as any other broker platform. IronFX is ideal for traders that want a manageable selection of low-cost services. The platforms provided by IronFX are third party, white-label offerings. All traders can choose out of MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps.

Along with everything, IronFX has multiple benefits to new and verteran traders and should be investigated. There's absolutely no minimum time on which a trade has to be kept available. The brokers provide premium client service that rewards clients with advantages.

Many unprofessional brokers try to pressurise customers into larger funding for premium services. IronFX, on the other hand, is much more focused on trading volume. Traders can expect trading conditions to be fair, honest and transparent. The more lots traded by the consumer, the further benefits will come along.

IronFX accounts are available all over the world and provides outstanding service wherever 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:

Is IronFX Safe To Trade With?

Launched in 2006, 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 figures have rules that mandate that trading platforms have measures in place to maintain investor's resources secured. This usually means that IronFX users don't need to worry about their money since it is segregated and safely stored in banks that are established. SSL encryption secures every user's private information as well.

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

Another concern with financial brokers is in respect to security might be manipulation of trading. This is highly disadvantageous to consumers on these platforms. Nonetheless, this is much more prevalent in the case of Market Maker brokers who compete with customers on the stage.

Pro's & Con's Of Trading With IronFX

Every online trading platform has some pros and cons IronFX review would be complete without showing both sides. 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 Xtrade XGLOBAL Markets Alpha Capital Markets
Rating 4/5 4/5 4/5 4/5
Minimum Deposit $500 $1 $500 $0
Year Founded 2010 2003 2008 1999
Headquarters Cyprus Australia Cyprus UK
Regulated By Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC) Cyprus Securities and Exchange Commission (CySEC) Cyprus Securities and Exchange Commission (CySEC) Unregulated
Clients 10,000+ 10,000+ 10,000+ 10,000+
Find Out More
Risk Warning Your capital is at risk Losses can exceed deposits Your capital is at risk 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 strong set of rules for ensuring honest trading on its platform. For data encryption purposes, it supplies an industry-standard secure socket layer (SSL).

In accordance with the company's privacy regulations, customer data is never to be shared with any other institutions or individuals. This includes credit history and other financial information.

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 that you must deposit to get started on IronFX is $500. This is an adequate amount for those just beginning. You can make more complex deposits as you go along. But, make certain that you know how to make the most of your money before investing larger amounts.

IronFX Review - Commission And Fees Explained

IronFX is an online broker platform, and most online brokerages charge lower fees than traditional brokerages tend to bill. The cause of this is that the businesses of online brokerages are scaled better. That is, an internet broker isn't necessarily affected by the number of clients they have.

However, this doesn't mean that online brokers don't charge any fees. They charge fees of varying rates for a variety of services to make money. There are mainly three different types of fees for this purpose.

The first kind of fees to look out for are trading fees. Whenever you make an actual trade, like buying a stock or an ETF, you're billed trading fees. In these cases, you are spending a spread, financing speed, or even a commission. The sorts of trading charges and the rates differ from broker to broker.

Commissions can be fixed or determined by the traded volume. On the other hand, a spread denotes the gap between the buying and selling cost. Financing or overnight rates are those who are charged when you maintain a leveraged position for longer than a day.

Aside from trading charges, online agents also bill non-trading fees. These are dependent on the activities you undertake on your accounts. They're billed for operations like depositing money, not investing for lengthy periods, or withdrawals.

Generally, IronFX does not charge high fees compared to other online brokers. For operations other brokers fee for, they do not charge a brokerage fee, or they charge a smaller amount. This can be beneficial for people who often trade, such as weekly or daily trading.

However, non-trading fees billed by IronFX are comparatively higher. Consequently, you are charged more for non-trading actions on your trading account, like withdrawal and deposits. These are not related to the purchase and sale of assets.

This IronFX review breaks down each of the applicable non-trading fees for you in detail.

Compare broker fees against IronFX

IronFX Xtrade XGLOBAL Markets Alpha Capital Markets
Minimum Deposit $500 $1 $500 $0
Withdrawal Fees variable $0 variable
Inactivity Fees No
Deposit Fees No
CFD Fees No

IronFX Review - Withdrawal Fees Explained

IronFX charges a withdrawal fee if you make a bank transfer. Every time you move money into your bank accounts, these withdrawal charges become important.

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

In addition, the withdrawn money will be moved directly to the account you use to create deposits. Therefore, in the event that you used a credit card for deposits, the withdrawn cash will be sent to the card. IronFX will ask you to offer other withdrawal methods in case your details have changed since your deposit.

There is a minimum withdrawal amount. In case you are withdrawing cash in different currencies from USD, a conversion fee is also applicable. The conversion fee will be dependent on the currency you are choosing to draw in.

IronFX Review - Inactivity Fees Explained

Understanding whether you will be charged inactivity fees is only one of the buzzing questions that run through your head when open an account with IronFX. An inactivity fee is an amount charged to registered traders who have not engaged in buying or selling for some time. The period regarded as inactive is decided by the agent.

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

IronFX doesn't charge inactivity fees so you are free to utilize your account as needed

Even if no charges have been implied by IronFX, it's best that you close the account if you're inactive. Inactivity fees aren't just charged by brokerage firms but also many financial services.

For other trading platforms, the inactivity fee is contingent upon the type of account you've selected. The inactivity fee is exposed to a lot of circumstances and should be disclosed clearly by the broker beforehand.

IronFX Review - Deposit Fees Explained

When you move money in your trading account from the bank account, a deposit fee can be charged by the broker. Most brokers do not charge an excessive amount of money for this operation.

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

Depositing cash on the IronFX trading platform is easy. You just have to complete a single-user profile survey to start depositing money into your trading account. You'll have to give an identity evidence and proof of residency to deposit substantial amounts.

IronFX Review - Compare Broker Deposit Methods

IronFX Xtrade XGLOBAL Markets Alpha Capital Markets
Minimum Deposit $500 $1 $500 $0
Credit Card

What Can You trade With IronFX?

Note: IronFX offers a lot of different trading instruments due to regulatory restrictions in a few countries. Trading instruments offered can differ 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 forex pairs is of interest to you then IronFX offer over 120 currency pairs.

Compare IronFX, Xtrade, XGLOBAL Markets & Alpha Capital Markets below.

IronFX Xtrade XGLOBAL Markets Alpha Capital Markets
Platforms MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps Desktop, iOS, Android Metatrader 4 - desktop, iOS and Android versions available.
Instruments Available 100 261 33
Forex & Crypto
Forex Pairs Available 120
Offers Major Forex Pairs? Yes yes Yes
Offers Minor Forex Pairs? Yes No No
Offers Exotic Forex Pairs? Yes Yes Yes
Offers Cryptocurrencies? Yes NO No
Commodity CFD's
Commodities Offered 10 0 0 0
Trade Metals? Yes Yes Yes
Trade Energies? Yes Yes Yes
Trade Agricultural? No Yes Yes
Indiced & Stock CFDs
Stocks Offered 101 0 0 0
Trade UK Shares? Yes Yes Yes
Trade US Shares? Yes NO No
Trade German Shares? Yes No No
Trade Japanese Shares? Yes NO No

Your capital is at risk

Losses can exceed deposits

Your capital is at risk

Your capital is at risk

Alternatives To IronFX

If, after reading this IronFX review, IronFX does not fulfill your requirements check out these IronFX alternatives.

We've scoured the web to find the best alternatives to IronFX. Click the hyperlinks 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 new traders. You can use this feature to build your faith in the machine as well as yourself and your trading strategies.

If you register for a demonstration account on IronFX, you may set out using a decent amount of virtual currency. It's to establish a sense of security and confidence in you until you choose to spend your own money.

With this virtual IronFXdemo account, you are able to experiment at all, to whatever length you wish. You might even start positions, examine different trading approaches, and more.

IronFX specifies on its official website which you can exchange real time stocks in a 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 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 accounts with IronFX. The process is effortless and quick, with different payment methods at 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 isn't available in every place. The currencies IronFX

Is my money safe with IronFX?

Yes, your cash is safe and protected with IronFX. As you already know, IronFX operates with proper conformation to. It's established lots of steps to protect all its own investors.

IronFX safeguards its clients' private and sensitive data under SSL encryption. Your capital will be retained highly secure in top-tier banks.

If you want to further protect your accounts, it is possible to enable Two-Step Verification as well. It takes an SMS affirmation that you get your accounts.

Is IronFX trading good?

Yes, trading through IronFX is a pleasant and decent experience indeed. It's an excellent and intuitive platform with helpful features for your ease. In addition, you could also gain access to a vast selection of educational tools and assistive material to kickstart your trading experience.

If you are still skeptical, you can 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

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 may vouch for it. The highlight of this platform is its fast order execution on trades.

You will discover the clean layout of the platform along with the admirable features that 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 among the business leaders. It has over 10,000+ registered customers and over 11 years of expertise on its record. They are 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 range of resources plus tools so 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 lot of cash. However, on average, through continual trading, you also can make between 2% - 10% profit a month.

This may seem like a little number, but within the year, this adds to a significant number of gains. While IronFX provide you all the tools to earn money, they can't guarantee you will profit.

Does IronFX have fees?

Yes. To start trading with IronFX, you need to deposit $500. Particular commissions while trading additionally applies. 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 agent with 10,000+ clients.

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 when the market volatility prevents customers from allowing their accounts go in the red. In a situation like this, IronFX provides the ability to reset a clients account balance to zero.

You can go through the important stipulations on IronFX's site to understand their policies.

Does IronFX offer guaranteed stop loss?

IronFX unfortunately, doesn't offer guaranteed stop loss. IronFX gives a chance to its dealers to close their trades in their specified price. Apart from this, IronFX does not offer guaranteed stop loss.

Does IronFX allow scalping?

Yes, IronFX do allow scalping. Many traders throughout the world select IronFX for their scalping services. 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?

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.