Company

Trading platforms

Licenses

Local offices

Withdrawal options

Deposit options

Assets available for trading

Withdrawal commission

Minimum deposit amount

Year Founded

Demo account supported

Islamic account

IronFX Trader (Web, Mobile)

FCA, ASIC, CySEC, FSCA, UCRFIN

Forex, Commodities, Stocks, Indices, Metals, Futures, Cryptocurrencies

Yes

$100

2014

Yes

No

Regulations & Business Reputation:

IronFX is a multi-regulated online trading platform that is supervised by financial authorities, including the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC), the Financial Sector Conduct Authority (FSCA) in South Africa, and the Ukrainian Centre for OTC Financial Instruments and Technologies Development (UCRFIN). These regulatory bodies ensure that IronFX operates transparently and fairly, protecting its clients’ interests. IronFX has received positive feedback from its clients for its range of trading instruments and its competitive pricing, as evident from its rating of 4.1 out of 5 stars on Trustpilot.

Account Types:

IronFX offers several account types to suit the needs of individual traders. Here we list the available accounts;

Standard Account: This is the standard account type for individual traders looking for basic-level trading exposure. Standard account holders can access the full range of trading instruments offered and trade on the company’s proprietary trading platform.

Premium Account: This account type is for traders who want access to additional features and benefits, such as a dedicated account manager, tighter spreads, and higher leverage.

VIP Account: This account type is for traders who want a higher level of service and access to exclusive benefits, such as personalized trading support, lower commissions, and customized trading conditions.

Zero Fixed Spread Account: This account type is for traders who prefer fixed spreads and want to avoid the risk of slippage during volatile market conditions.

Affiliate Account: This account type is for individuals who want to earn commission by referring new clients to IronFX.

Product Portfolio:

IronFX offers a range of trading opportunities in forex, commodities, stocks, indices, metals, futures, and cryptocurrencies. The platform allows traders to trade in more than 200 currency pairs, including major, minor, and exotic currencies. In addition to forex, clients can trade shares of major companies listed on various stock exchanges worldwide. The platform provides access to popular indices such as the S&P 500, NASDAQ, and FTSE 100. A range of commodities, including precious metals like gold, silver, oil, and natural gas, are also accessible under the commodities head. IronFX also facilitates trading in futures and cryptocurrencies. Note that the product portfolio may change and vary based on your region.

Spreads & Commission:

IronFX operates on a spread-based pricing model, meaning that the company makes money by charging a spread on the trades its clients execute. The company’s pricing structure aligns with the industry standard, with average spreads ranging from 1.2 to 1.8 pips on major currency pairs like EUR/USD. However, it’s worth noting that IronFX charges higher spreads on some exotic currency pairs, which can be as high as 10 pips.

In terms of commissions, IronFX charges a commission on its Zero Fixed Spread account type. The commission varies depending on the account balance, with a maximum commission of $10 per lot.

Trading Platforms:

IronFX offers a range of trading platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), and the IronFX WebTrader. MT4 and MT5 are popular platforms among forex traders and offer a range of features, including advanced charting tools, automated trading, and a wide range of technical indicators.

The IronFX WebTrader is a browser-based platform that allows traders to access their accounts from any device with an internet connection. It offers a simple and user-friendly interface, making it an ideal choice for beginners.

Customer Support:

IronFX offers customer support through email, phone, and live chat. The support team is available 24/5 and is generally responsive and helpful. The company also offers a range of educational resources, including webinars, video tutorials, and trading guides, which can be accessed from the IronFX website.

Regulation:

IronFX is regulated by several authorities, including the Cyprus Securities and Exchange Commission (CySEC), the Financial Conduct Authority (FCA) in the UK, and the Australian Securities and Investments Commission (ASIC). This means that the company is subject to strict regulatory requirements, including capital adequacy, client fund segregation, and regular audits.

Conclusion:

IronFX is a well-established forex broker that offers a range of trading platforms, competitive spreads, and a wide range of currency pairs and CFDs. The company is regulated by several authorities, which provides clients with a level of protection and ensures that the company operates in a transparent and ethical manner.

However, it’s worth noting that IronFX charges higher spreads on some exotic currency pairs, which could be a concern for traders who focus on these markets. Additionally, the company’s maximum leverage of 1:500 is relatively high and could pose a risk for inexperienced traders.

Overall, IronFX is a reliable and trustworthy broker that offers a range of trading options and features for both beginner and experienced traders.