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Broker IronFX

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Forex broker IronFX

IronFX Global-Broker Review

IronFX is a global company specializing in financial services, which was founded in 2010 in Cyprus and has offices for support and customer service in various countries around the world including UK, Australia, Germany, Spain, China and Brasil. It is a Forex, precious metals and CFD broker which offer a variety of services to thousands of customers worldwide. Today, it is one of the most important brokers in the industry.


Type of broker

IronFX Global is a ECN/STP broker specialized in Forex and CFD trading.


Regulation

This broker currently is under the regulation of important regulators of financial services in various countries around the world, such as the FCA of UK (Registration Number: 585561), ASIC of Australia (License number: 417482) and CySEC of Cyprus (License number: 125/10). Also, it is a member of the Eurex Exchange.


Country of origin

The headquarters of this broker are located in Cyprus.


Trading Instruments

Customers of this company have the ability to operate in the market with the following financial instruments:

  • Forex: 85 currency pairs in the Forex spot market, including the most popular and important as the EUR/USD, GBP/USD, USD/JPY and USD/CHF, and other more exotic like the USD/ZAR, USD/SGD, EUR/TRY and GBP/DKK among others. 
  • Precious Metals: Gold, silver, platinum and palladium in the spot market, four of the most important commodities. In this case, the trader can speculate about the value of these precious metals against the US dollar and the euro.
  • Contracts For Difference *: CFD based on the following types of underlying assets:
    • Stock index: 15 futures contracts on stock indices.
    • Currency futures: 6 currency futures contracts.
    • Agricultural Commodities: 4 Futures contracts on agricultural commodities.
    • Energy Commodities: 3 Futures contracts on energy commodities like crude oil.
    • Metals: Copper futures contracts.
    • Stocks: The most important shares of the stock markets of the US and the UK.

* Conditions for CFD trading depend on the underlying asset of the contract and current market conditions.


Trading Accounts​

This broker offers 6 types of trading accounts for clients with different profiles. These accounts have different characteristics which are detailed below:

Account

Zero Fixed Spread Account

Micro Account

Premium Account

Premium Account

STP No Commision Account 

STP Zero Spread Account

Minimum deposit

$500

$500

$2500

$20000

$500

$500

Fees

Between $18 to $43

$13.5

Leverage

 

1:500

 

1:500

 

1:500

 

1:500

 

1:200

 

1:200

 

Miniumum trade size

0.01

0.01

0.1

0.1

0.01

0.01

Fixed Spreads*

From 0 pips

2.7

1.7

1.5

Floating spreads*

From 0 pips

1.7

1.6

1.4

1.7

From 0 pips

* Average values for fixed or floating spreads.

The IronFX Global trading accounts include the following services for their clienes:

  • Reports of technical analysis.
  • A personal account manager.
  • Customer Service 24 hours a day.
  • Access to a variety of tools and training resources.
  • Access to a personal one-to-one guide for all customers.
  • Multicurrency trading platform.
  • Urgent transactions through the Trading Department of the company.

Demo Accounts

It offers a demo account with no limit of time.


Trading Platforms

IronFX Global offers a variety of trading platforms for their customers which have the following characteristics:

  • Metatrader 4: One of the most comprehensive and used platforms to trade with Forex, CFD and precious metals. This downloadable application is designed with multiple functions and trading tools, including various types of orders, advanced price charts with multiple timeframes from 1 minute to 1 month, dozens of technical indicators, updated market news, updated market quotes and other additional analysis resources. Metatrader 4 gives the trader the ability to design, evaluate and implement automated trading system (Expert Advisors) based on any trading strategy, using various built-in modules. At the same time, it provides access to a signals and social trading service from Metaquotes through which the trader can monitor and copy  in real time trades performed by expert traders who have created successful and tested trading systems. IronFX Global offers both the regular version of Metatrader 4 as an advanced version that includes additional features such as a more complete and user friendly interface.
  • Metatrader 5: Is the new and improved version of the Metatrader platform. It offers all the benefits and functions of Metatrader 4 and also includes other such as additional types of orders and execution modes, additional technical analysis tools, access to wider range of markets and ease to implement alerts and trading signals among others.
  • SIRIX Webtrader: It is a web-based trading platform, which requires no download or installation and therefore can be accessed from anywhere with an Internet connection. Its design is based on the system of SIRIX and has a number of features and trading tools as various types of orders, updated market quotes, price charts with multiple timeframes, technical indicators incorporated, market news, trading activity reports and others. Overall it is a platform with a simple interface that gives the trader more flexibility in their trades. In addition, it allows the trader to connect directly with the social trading network of IronFX Global, through which you can view and copy with one click any trade performed by other customers trading in the market with this company.
  • Myfxbook Autotrade: An automated trading platform based on the concept of social trading and mirror trading, which was created by the Myfxbook company. This application offers the possibility to follow and copy the transactions of any trading system selected by the client of IronFX Global, which are copied directly into the IronFX Metatrader 4 account. It is an online platform (no download or installation is required) and one of its great advantages is that the selection process made by Myfxbook of traders and trading systems offered is very rigorous. Thanks to this, the investor can have access to the most successful and profitable.
  • Platforms for mobile devices: IronFX Global clients have access to a variety of platforms for mobile devices through which the trader can access the account and trade the market from different mobile devices such as smartphones and tablets. These applications are designed based on Metatrader 4 and Metatrader 5 and include a variety of features like updated market quotes, position management tools, price charts, technical analysis tools and access to the trading history.

Payment Options

The options accepted by the company for the deposit and withdrawal of funds from their accounts are as follows:

  • Wire transfer.
  • Credit cards (major credit cards like VISA and Mastercard).
  • Skrill.
  • Neteller.
  • Webmoney.
  • Fasapay.

Deposits can be made in US dollars, euros and British pounds.


Main Advantages of IronFX

  • IronFX Global is a Forex and CFD broker which is duly regulated by major organizations of control and regulation of financial services such as FCA (UK) and ASIC (Australia).
  • This broker regularly offers promotions of various kinds for customers, including bonuses for traders who open an account and deposit funds.
  • A variety of educational resources on the market and trading in general for their customers. Among these resources, the most important are:
    • Free Webinars on the market to their customers taught by experts, which explain various topics such as market analysis techniques, trading strategies and other.
    • Free seminars.
    • Instructional videos.
    • An ebook about the Forex market.
    • A complete glossary on the Forex market.
    • Exhibitions and other educational activities.
  • Daily market analysis by experts. Sometimes IronFX Global also sends intraday market reports.
  • Regular video analysis of the market.
  • Access to the latest market news provided by the major media.
  • IronFX Global clients have access to a social trading service and network (specializing in copy trading) through SIRIX Webtrader platform.
  • IronFX Global regularly organizes trading competitions for demo accounts and real accounts which offer prizes for the winners.
  • This company offers the possibility to earn extra income by promoting their services as broker through an affiliate program called IronAffiliates.

Main Offers of IronFX

Currently, the main promotions of this broker are the following:

  • A 60% deposit bonus up to $3000 on all deposits made by the trader.
  • A cash rebates bonus through which the trader can receive up to 3 USD per traded lot.
  • A refer-a-friend bonus from $50 to $200.
  • Free VPS hosting to new and existing clients who deposit a minimum of $5,000 and maintain this balance for the following months.

Other categories of this broker

  • ECN broker.
  • CFD broker.
  • Gold broker.
  • Silver broker.
  • Metatrader broker.

 

Company

IronFX Global

Operating since

2010.

Minimum account size

$500.

Minimum lot size

0.01 lot.

Maximum Leverage

1:500.

Spreads (Forex)

Fixed or variable spreads (depending on the choice of the trader) extremely low from 0.7 pips for the major pairs.

Link to the website

Open an account

60% bonus on all deposits from IronFX 

 

IQOption regulated broker

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