IronFX Review

Extensive Review

IronFX is part of the International Financial Services Group, which began to exist since 2010. Operating under Notesco Financial Services Limited, this broker is always trying to expand its market to reach as many clients as possible. Since 2012, IronFX has expanded its market to more than 20 countries.

IronFX has a strong legality guarantee because it has a license from FCA, ASIC, and CySEC. Regulation becomes one of the important factors by traders when choosing brokers. Because it already has elite class regulations, it's no wonder that the company has won the trust of clients from all over the world. At present, there are around 1.2 million clients registered in IronFX.

There are around 200 instruments that can be traded in IronFX. Not only currency pairs, opening an account in IronFX also allows CFD trading on stocks, commodities, and metals.

There are two types of accounts provided by IronFX. Traders can choose between Live and STP/ECN trading accounts. Live Floating/Live Fixed is divided into 4 accounts, including Micro, Premium, VIP, and Zero Fixed. Meanwhile, STP/ECN is divided into 3 accounts, including STP/ECN No Commission, STP/ECN Zero Spread, and STP/ECN Absolute Zero.

Despite having many types of accounts, the cost of trading in IronFX is quite high. This broker does offer a zero fixed spread option, but there is still a fairly large commission expense each Lot when trading with this broker. Traders must pay a maximum commission of USD43 each standard lot.

IronFX is a broker with advanced technology. Traders have the opportunity to trade on 15 platforms at once with only one account. They can enjoy the benefits of forex trading through the industry-leading MT4 online trading platform. MetaTrader 4 is supported in Windows, Mac OS, Linux, iPhone/iPad, Android, and any internet browsers.

Traders are also presented with the most flexible and advanced platforms, PMAM. It's recommended for both professional traders and money managers. With PMAM, clients will get some benefits and trading features, such as managing orders and positions, one-click order entry, unlimited account manager, and monitoring of financial instruments' prices and forex rates.

Traders can open positions with a minimum order of 0.01 lots, deposit starts from USD500, and flexible leverage up to 1: 1,000. IronFX is one of the most market-responsive brokers because it is willing to accept deposits in 10 currencies which include AUD, USD, EUR, PLN, GBP, CHF, JPY, RUB, CZK, and HUF. The language used on their website also varies. Not only English, but there are also Arabic, Czech, French, Italian, Polish, Portuguese, Russian, Spanish, and many more.

For deposit and withdrawal, IronFX has developed what is known as a bespoke interface, which means that the interface is adjusted to each client's particular needs. IronFX does not accept cash for deposits. However, for other types of deposits, the Client Portal is completely automatic and allows clients to make both deposits and withdrawals in one simple interface. The deposit and withdrawal methods range from Bank Wire, credit/debit card, to FasaPay, Neteller, and Skrill.

Clients have the opportunity to gain more earnings from IronFX by joining partnership programs like Introducing Brokers (IB), Affiliates, and White Labels. This broker also offers a notable bonus package, with incentives that currently includes a 100% sharing bonus if traders can deposit USD10,000, and a 20% bonus if traders can deposit up to USD2,000. Terms and conditions do apply and none of this bonus cash can be taken out of traders' accounts.

For beginner traders, IronFX provides a wide variety of forex educational materials, such as videos, webinars, and seminars. Another important IronFX offering is its new social trading facility. Furthermore, the company's customer support is designed to offer the highest level of service through email, live chat, and phone support in more than 30 languages.

Overall, IronFX considers itself to be the leading online broker and seems to be recovering well from past regulatory issues. It supports optimized trading in MetaTrader 4 and offers its clients an easy way to make deposits and withdrawals through its proprietary Client Portal.