IronFX Review & Rating by Traders, Submit a Review

IronFX’s MetaTrader 4 trading platform is available via a mobile app for Android and iOS devices. The app can be downloaded from the respective app stores. Alternatively, the MT4 platform is available on mobile browsers. Armed with account login details, you will get straightforward order execution, with instant execution and pending orders available. MT4 promises advanced charts with nine timeframes, over 30 built-in technical indicators, real-time news, plus automated trading capabilities. The MT4 platform can also be upgraded through MetaTrader’s Market and Signals, where users can buy technical indicators, add-ons, and signals for copy trading.

IronFx are carefully draining my funds

IronFX has traders from 180 countries, making it one of the most accessible brokers. The minimum deposit at IronFX is $50 for most accounts, except for the Zero Spread option, which requires $500. IronFX gives its clients great exposure to global markets and industry-leading companies from the United States, Europe, the United Kingdom, and more. CFDs are available on shares by Walt Disney, Cisco Systems, Facebook, JPMorgan Chase & Co., HP, Apple, HSBC, eBay, Google, Lloyds, Samsung Electronics, Airbus, and many more.

Range of Assets

SSL encryption also secures all transactions and customer data. Trading with a regulated broker will limit the potential for fraud and malpractice. I always recommend traders check for regulation and verify it with the regulator by checking the provided license with their database. The IronFX group presents clients with two regulated trading entities and maintains a secure trading environment. Traders can deposit funds into their accounts via a wide range of payment methods, including traditional options such as bank wire and credit/debit cards. While credit card deposits are usually instant, transfers via bank wire may take up to 3 working days to appear in the trading account of the client.

STP/ECN No Commission Account

X (formerly Twitter) and Meta portals are active and populated. A comprehensive FAQ addresses most inquiries while tutorials on trading platforms shorten relatively steep learning curves. Email address and phone numbers are provided for satellite offices in Cyprus, South Africa, and Australia, allowing local contact. Or international phone number, forcing potential charges for calls made to Cyprus or other satellite offices.

1. With this type of account, traders receive direct access to other participants in the market.
2. For instance, it has 3 types of charts, namely bars, Japanese candlesticks, and broken line, but it features only 30 of the most popular technical indicators.
3. Please consider our Risk Disclosure.This website is owned and operated by IronFX.
4. We offer impartial reviews of online brokers that are hand-written, edited and fact-checked by our research team, which spends thousands of hours each year assessing trading platforms.

The options include the popular MetaTrader 4 and the Personal Multi Account Manager but the broker does not have a proprietary software platform. This may be a weak point for the broker but it should not bother traders, especially since MT4 is familiar to most of them. Things are different for silver and platinum – silver is still traded for industrial purposes, as platinum, which is also much rarer than silver or gold.

Fees apply for some of the methods, and there are also minimum and maximum amounts that apply. The secure IronFX back office handles all financial transactions for verified clients. I rank trading costs among the most defining aspects when evaluating a broker, as they directly impact profitability. https://forexhero.info/ However it’s important to note that this review focuses specifically on IronFX offered by Notesco Limited and registered in Bermuda. The payment method also comes with the PMA token, which is the means of value in the PumaPay system and works like most cryptocurrencies.

With more than 10 years of history, we provide our valuable customers with best-in-class platforms and tools, professional grade execution and industry-leading customer service. Tons of things help me to realize my potential as a day trader on this platform. If you have at least $250 on your trading account, you can access the bronze package, which I use, and join analysis discussions that are always going on.

We offer impartial reviews of online brokers that are hand-written, edited and fact-checked by our research team, which spends thousands of hours each year assessing trading platforms. IronFX is a strong all-round broker with a reliable platform, low fees, high leverage, and a selection of welcome bonuses. Traders can also get started with a $100 minimum deposit while the ironfx.com group has good reviews from other users online. IronFX continues to offer a strong selection of 80 currency pairs.

However, this type of account is offered only to traders who make deposits of $10,000 or more and have the US dollar (USD) as their base account currency. IronFX services over 1.2 million clients in 180 countries around the world, providing 300 tradable instruments from 6 asset classes. In addition to an online chat feature, IronFX gives clients access to 24/5 client support in 45 different languages.

This provides faster execution, more liquidity, as well as more accurate prices. STP (Straight Through Processing) execution does not include commission (the commission is within ironfx review the spread) and these types of trades are forwarded directly to liquidity providers. IronFx offers several trading platforms, available for PC, Mac, and mobile devices.

Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. Investopedia is dedicated to providing investors with unbiased, comprehensive reviews and ratings of online brokers. We established a rating scale based on our criteria, collecting over 3,000 data points that we weighed into our star scoring system. The broker lists an impressive variety of well-documented account types that cover nearly all trading styles and objectives. Clients can choose between two types of floating and an equal number of fixed accounts that offer different spread schedules and fee structures. Several account types allow retail clients to bypass IronFX’s dealing desk, which carries a systematic conflict of interest, and trade directly with the interbank system.

Dear Bakiono,We’re so glad to hear that you have found our educational materials helpful! Our team is dedicated to providing our clients with the resources they need to succeed, and we believe that education is a key aspect of successful trading. Thank you for your positive review and for choosing IronFX!

Demo trading does not grant exposure to trading psychology and can create unrealistic trading expectations. Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights in the commission-free Absolute Zero account. The most ignored trading costs are swap rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade. I always recommend that traders check them before evaluating the total trading costs. Low trading fees and quality education for beginners from an industry leader.

There are a number of other benefits for those who wish to speculate on market indices – high volatility, low costs, and leverage, which gives traders more flexibility. With more than $3 trillion traded daily, the foreign exchange market or Forex is the largest financial market and the most popular option for retail traders. Trading is conducted 24 hours a day, except during the weekends, offering great flexibility to traders. Due to the high volume, liquidity, and leveraged positions, Forex provides great speculative opportunities and is preferred by many traders. IronFX is the trade name of Notesco Limited, a company registered in Bermuda and headquartered in Cyprus.

It is geared towards beginners and intermediates, promising easy-to-use features and straightforward portfolio management. IronFX traders can speculate on price movements of 150 US, UK and European shares via CFDs. Fractional shares are also available, which will appeal to beginners looking to trade in smaller volumes. There’s also a decent range of 15+ indices via spot and futures contracts. The FAQ section answers the most common question, and live chat is available with fast response times for basic questions.