IronFX Review, Safety, Platforms and Fees

On the other hand, Web Trader 4 only supports Windows & Mac PC environment. This is because, in the past 12 months, it has failed to pass our initial screening process and is not recommended by our team of experts. This broker did not score well during our testing process and is not recommended by our experts.

Like other brokers, IronFX makes money from mainly spreads & commissions from the registered money makers. That means, you can check the spread before your trading and also get your spread in the middle of your trading. Besides, a small commission is also charged by IronFX for certain types of trading.

If you have any questions or concerns in the future, please do not hesitate to contact our customer support team at IronFX 🚀🦾Solid Trading. The lack of trading in equities and options besides the share CFDs might disappoint stock and options traders, although IronFX might be suitable for traders who only want to trade in these markets. For a wider range of asset classes, you might want to look for a different online broker.

Clients should note that both fixed and floating spreads are available for Standard, Premium, and VIP accounts. For withdrawals, IronFX clients can use most of the options that were used to deposit funds. There are no withdrawal fees for all options except for wire transfers under $300, but clients’ payment providers may charge such fees. IronFX received a high score in the Deposit and Withdrawal category in our rating. The company provides a sufficient number of deposit and withdrawal options. There are no fees for deposits and withdrawals, except for fees for bank wires under $300.

Customer Support

In addition, tiers apply only to forex, with all account types paying similar spreads and/or commissions when trading CFD or spot instruments. Several pages not properly linked to the main site announce the availability of cryptocurrency trading but our reviewer found no contract, spread, or fee information. The list of Forex, spot, and CFD trading instruments is well-constructed but some rivals offer more comprehensive listings.

You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about.

I shut down Ironfx.com.au

The spreads can widen considerably in fast or highly volatile markets. If you are looking for the brokers that offer the best CFD trading conditions, check our top recommendations of the best CFD brokers in the world. We conclude that IronFX is a well-regulated and secure forex broker based on the available information. However, conducting your own research and due diligence is always recommended before investing your funds with any broker. Third, once you have selected the type of account you want to open and filled out all the information in the form provided by IronFX, you will need to submit it for approval. Once approved by IronFX’s team of experts, you will receive an email confirming your account opening with instructions on how to fund it and start trading with IronFX.

• Additionally, the broker offers a variety of educational resources and trading tools to help traders improve their skills and make informed trading decisions.
• Traders also have access to three STP/ECN accounts.STP means “straight-through processing”, when orders’ are routed to liquidity providers.
• Depending on individual preferences, IronFX will be a good deal for some traders, while others (like traders who are focused on Oil, Dax, and Dow) may want to check other options.
• One thing in particular I like that sets IronFX apart from many other trading brokers is their admirable support for a wide range of philanthropic and charitable activities.

For those looking to diversify their portfolio while minimizing risk, IronFX Futures CFDs provide a good opportunity. With the right strategies, traders can navigate turbulent markets with confidence. However, we would like to clarify that IronFX does not engage in any fraudulent or manipulative practices. This will enable us to identify any possible issues and address them accordingly.Regarding your mention of an account manager, please note that we do not offer any account management services.

IronFX Customer Support Test

IronFX also provides access to cryptocurrency pairs, including rather exotic options like XRP/JPY and ETH/GBP. IronFX has a 3% “no trading” fee, which is applied in case the trader deposits and withdraws funds without ever ironfx review making a trade. There is no inactivity fee, so your account will not be charged if you are not trading for several months after making your previous trade. IronFX also offers negative balance protection in all entities.

Although you may find some scam reports, it is obvious because giving financial service to millions of people is not so easy. But if you consider the whole reputation in a nutshell, you’ll get positive feedback few times than the negatives. At the time of its operation with IronFX global in Cyprus, it has a regulatory issue with CySEC. But now it is regulated by UK’s most famous Financial Conduct Authority or FCA in UK and Australian Securities and Investment Commission or ASIC in Australia. Both of these regulatory bodies are highly popular among the brokers and traders around the world.

These include the Best Mobile Platform in 2014, and Best Forex Broker. IronFX Global Ltd is authorized and regulated by CySEC, and has various licenses and authorizations for a number of other countries, including Australia, UK, and South Africa. When it announced its official https://forexhero.info/ partnership agreement with FC Barcelona, it became another Forex broker that appreciated the value of a sporting connection. We feel, however, we should also mention a number of very negative reviews we found when undertaking our research for this IronFX Forex brokers review.

A YouTube search uncovered additional videos that haven’t been integrated into the site but the most recent content was more than two months old. ForexPeaceArmy.com has advertising and affiliate relationships with some of the companies mentioned on this site and may be compensated if readers follow links and sign up. We are committed to the fair handling of reviews and posts regardless of such relations.

IronFX Mobile Trading App is the ultimate mobile trading app for traders of all levels. It provides a simple and secure platform to trade on the go, with access to over 300 trading instruments with CFDs. The app is available for iOS and Android devices and offers powerful features. With IronFX Mobile Trading App, you can capitalize on market moves effortlessly and stay up-to-date with the latest stock market data. Beginner traders will benefit from the low minimum deposit ($50) and educational webinars. Advanced traders will have plenty of account options to choose from.

Some payment processors have geographic restrictions, but the IronFX back office will only list the ones available to traders. IronFX notes the availability of 80+ currency pairs, making it an ideal Forex broker. Traders also get 15+ commodity CFDs, 20+ index CFDs, 30+ futures, and 150+ equity CFDs. I find the well-balanced asset selection suitable for most retail Forex and equity traders requiring fewer but highly liquid trading instruments, like day traders.

Clients of Notesco Financial Services Ltd (CySEC) and Notesco UK Limited (FCA) are also protected by the compensation schemes offered by regulators. Traders should note that Notesco Limited (Bermuda) is unregulated. Besides, they also arrange trading competitions to attract and motivate the FX traders. For instance, IronFX arranged the biggest competition in the industry in 2013 where the grand winner was awarded by a super car or $1,50,000 in cash.

The support team reacted quickly, and their answers were clear and professional. IronFX customers are able to benefit from over 200 trading tools, very tight spreads and perfect trading conditions ensured by “One Account, Fifteen Platforms” feature. The broker’s achievements have been recognized by many international awards, such as Fastest Growing FX Broker 2011 and the CEO of the Year 2013 award from European CEO Magazine. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.

We strongly suggest choosing a broker that has gained a high score through excelling in all departments instead. To learn more about how we test and recommend brokers, read our methodology. Inexplicably, the daily web-based “Market Insights” column was not reproduced on the research app. Unfortunately, that’s the only research product available at the site, other than a single “Week Ahead” video and no video archive.

Trading Brokers Trading Brokers is dedicated to bringing you unbiased broker reviews, the latest broker news and trading guides to help you along your trading journey. We have over 20 years of experience when it comes to trading online so we know what to look for. For those of you who are of Muslim faith, I am pleased to say that the broker does have swap-free accounts which comply with Sharia law.

IronFX gives clients access to trading contracts for difference (CFDs) on a wide range of asset classes including forex, commodities, spot metals, spot indices, futures and shares. The online broker offers several different account types and trading platforms, as well as a blog, research material and educational resources. IronFX also offers social trading via its AutoTrade platform and keeps segregated accounts for traders. The broker is also holding the Iron Worlds Championship, a trading competition with a $1,000,000 prize pool. IronFX operates several trading platforms, offering more than 200 trading instruments, including Forex, futures, spot metals, and shares.