Australia
Cyprus
The Company
A brokerage that was previously that was regulated by the Financial Conduct Authority (FCA) in Cyprus and Australia serving clients across 180 countries, IronFX is now licensed through the Financial Conduct Authority (FCA) in the UK. IronFX is operated and owned through Notesco UK Limited, and also operates an offshore company that is operated via the web site ironfx.com
Security of Funds
The UK’s FCA is among the most well-known watchdogs around the world. They enforce a variety of strict regulations to brokers that they oversee. For example, client funds should be stored in separate bank accounts and those that are regulated have to hold at least EUR730 000 in order to be considered financially stable. Additionally, brokers based in the UK are required to adhere to ESMA’s regulations on leverage, trading bonuses as well as the provision of negative balance protection and much more. It appears that the majority of these rules will be in place regardless of the UK’s departure of the European Union.
In addition in addition, the FCA has a compensation scheme to provide additional guarantees for the security of client funds. Brokers who are licensed within the UK are covered under the umbrella of the Financial Services Compensation Scheme, which’s maximum insurance is PS85,000 per individual.
Trading Conditions
Minimum Initial depositIn order to establish accounts with IronFX Global, traders have to put down 100 dollars, or about the the average. However, other brokers based in Cyprus such as FXTM and XM, require only $5 from their clients to start.
Spreads & Commissions
Overall the spreads provided by IronFX aren’t any of the most competitive that are available. the Premium and Micro account holders have spreads of more than 1.5 pip in EUR/USD.The Zero-spread account in contrast it comes with the initial deposit of $500, provides competitive spreads starting at zero pips, however it does come with an additional commission. Be aware that spreads that fall within the 1.0 1.5 – 1.5 pips are considered to be average in the forex market.
For comparison, XM provides spreads starting at 1.0 per cent on EUR/USD for its standard commission-free account. Exness provides its ECN account holders average spreads of 0.4 pip on EUR/USD, paying a commission of $2. 2.5 per normal lot. For more information look up and compare the real-time spreads of fifteen top brokers here.
The leverageThe maximum leverage offered by this broker is within the FCA and ESMA’s limits that allow up to 1:30.
Trading Platform
As with most FX broker, IronFX Global supports the MetaTrader 4(MT4), which is the preferred trading platform by the majority of traders. It is available in desktop versions, mobile and online and comes with a range different technical indicator, a sophisticated charting software and a broad variety of Expert Advisors (EAs) in addition to as a variety of back-testing options available for them.
The broker also allows the option for the VPS (virtual private server) to customers who use EAs for trading, which allows trading robots to function more efficiently because of an extremely high-speed connectivity to a broadband Internet connection, as well as allows traders to make quick adjustments to the advisor’s operations. IronFX Global offers free VPS hosting to both existing and new customers who make deposits of a minimum of $5,000, and then maintain the balance throughout the next month.
Additionally is that this broker provides AutoTrade through MyFXbook The most recent software for social trading created to assist community members in making trading decision-making.
Similar to most FX brokers IronFX Global also offers Personal Multi-Account Manager (PMAM) option that allows clients to control and make trades multiple MT4 accounts simultaneously using one live account.
Methods of Payment
IronFX Global’s customers can deposit funds into and withdrawals from their accounts using a many payment methods including credit/debit cards (Visa, MasterCard), wire transfer from banks, as well as electronic wallet systems like Neteller, Skrill, dotpay, FasaPay, and China UnionPay.
Another great feature provided by the broker IronFX Card – a prepaid MasterCard(r) which is available as either USD or EUR and lets you withdraw money quickly and easily any location around the globe.
Conclusion
IronFX is an UK CFD and forex broker that offers its clients the most extensive selection of everything – accounts, markets types as well as payment options. You know it all.
| IronFX Summary | |
|---|---|
| IronFX Details | Information |
| Regulators | ASIC, CySEC, FCA |
| Country |  United Kingdom |
| Base Currencies | USD, EUR, JPY |
| Type Of Brokers | ECN, STP |
| Trading Platform | Desktop, Mobile, MT4 |
| Established Year | 2010 |
| Website Language | English |
| US Clients | |
| IronFX Spreads | |
|---|---|
| Option | Information |
| Minimum Spreads | 0.01 |
| Commission | |
| Fixed Spreads | |
| IronFX Payment & Withdrawal Option | |
|---|---|
| Option | Information |
| Acc Funding Methods |  Master Card,  Crypto Currency,  FasaPay,  Skrill |
| Acc Withdrawal Methods | Master Card, Crypto Currency, FasaPay, Skrill |
| IronFX Suitable For | |
|---|---|
| Option | Information |
| Publicly Traded | |
| Beginners | |
| Day Trading | |
| Weekly Trading | |
| Professionals | |
| Swing Trading | |
| IronFX Trading Account Options | |
|---|---|
| Option | Information |
| Maximum Leverage | 1:1000 |
| Mini Account | |
| VIP Accounts | |
| Segregated Accounts | |
| Free Demo Accounts | |
| Managed Accounts | |
| Pro Account | |
| Minimum Deposit | $50 |
| Islamic Account | |
| IronFX Trading Services | |
|---|---|
| Option | Information |
| Hedging | |
| News Trading | |
| Scalping | |
| Automated Trading | |
| Indices | |
| Commodities | |
| Forex instruments | |
| CFDs | |
| ETFs | |
| Stocks | |
| Bonds | |
| Cryptocurrencey | |
| Trading Signals | |
| Educational Service | |
| Copy Tradings | |
| IronFX Contact & Support | |
|---|---|
| Option | Information |
| Telephone No | +612 5317 7000 |
| support@ironfx.com | |
| 24 Hours Support | |
| Support During Weekends | |
| Address | 2, Iapetou Street, Agios Athanasios, 4101 Limassol, Cyprus |
