IronFX Review for 2019

IronFX Rated 4/5

IronFX Introduction

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. In our review of IronFX we break down the pros and cons. What IronFX are able to offer, what countries IronFX are available in. Who IronFX are regulated by and more.

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

Open IronFX's Website

As with any investment your capital is at risk, losses can exceed deposits.

At the bottom of this review you can also learn about some pretty good alternatives to IronFX

With this review we hope to help you see if IronFX is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding IronFX that will help you get off to a good start in the world of online trading.

IronFX what you should know

IronFX offer three ways to trade: Forex, CFDs, Social Trading.

With IronFX you will need a minimum deposit of $500. You can sign up for a demo account to acquaint yourself with IronFX platform.

IronFX are able to accommodate various levels of traders whether you are experienced or a beginner.


Are IronFX safe?

When choosing a broker like IronFX the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.

Established in 2010, and in operation for 9 years IronFX have a head office in Cyprus.

IronFX is regulated. This means IronFX are supervised by and is checked for conduct by the Financial Conduct Authority, CySEC and ASiC regulatory bodies.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to IronFX, this will be honored. If IronFX violate any regulatory rules their regulated status could be stripped.

Any payments funded to IronFX accounts by traders are held in a segregated bank account.

For added security IronFX use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Try creating two accounts when you are working with IronFX. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.

Open a demo account Visit IronFX

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

What we like

  • Used by over 10,000 traders
  • Established in 2010
  • Regulated by Financial Conduct Authority, CySEC and ASiC
  • Min. deposit from $500

What we don't like

IronFX General Fees

  • IronFX withdrawal fees varies on payment method
  • IronFX doesn't charge inactivity fees

IronFX Commissions

  • IronFX doesn't charge commission on CFD shares

What can you trade with IronFX?

You can trade a wide variety of instruments with IronFX over 100 instruments infact.

If you are looking at trading currency pairs IronFX offer over 120 currency pairs.

Compare IronFX with Interactive Brokers and XTB below.

FX / Currencies IronFX IB XTB
# of forex pairs offered 120 10 50
Major forex pairs Yes Yes Yes
Minor forex pairs Yes Yes
Exotic forex pairs Yes Yes
Cryptocurrencies Yes No Yes
Commodity CFDs IronFX Interactive Brokers XTB
# of commodities offered 0 0
Metals Yes Yes Yes
Energies Yes Yes Yes
Agricultural No Yes Yes
Indiced & Stock CFDs IronFX Interactive Brokers XTB
# of Stocks offered 101 1500
UK Shares Yes Yes Yes
US Shares Yes Yes Yes
German Shares Yes Yes Yes
Japanese Shares No Yes Yes
IronFX's
Instruments
IB's
Instruments
XTB's
Instruments

Trading on IronFX web platforms and other applications

IronFX offer the popular MT4 forex trading platform. To see a list of the top MT4 brokers, see our comparison of MT4 brokers.

An IronFX IOS or Android native App on your phone or tablet will Work quicker Than the Avatrade Website on the same device

IronFX also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you’re on the move.

See IronFX's platforms

IronFX Trading benefits :

  • Allows scalping
  • Allows hedging
  • Offers STP
  • Offers Negative Balance Protection

IronFX Trading Accounts offered:

  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account
  • Islamic account

Can I try IronFX before I buy?

IronFX offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

What funding methods do IronFX accept?

IronFX offer the below funding payment methods. learn more about IronFX

  • Credit cards
  • Bank Transfer
  • Payoneer
  • Neteller

How can I start trading with IronFX?

When opening a trading account with IronFX, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on IronFX trading platforms here.

Performing trades with IronFX

IronFX allow you to execute a minimum of trade of 0.01 Lot. This may vary depending on the account you open. The maximum trade requirements vary depending on the trader and the instrument. As IronFX offer ECN and STP execution, you can expect very tight spreads with more transparency over the price you‘re paying to execute your trades.

As a nice bonus, IronFX are one of very few brokers that claim to have no requotes, so you don't have to worry about slippage (your trades being ordered at a different price to what you executed them at).

As with most brokers, margin requirements do vary depending on the trader, accounts and instruments, but as a guide, IronFX offer margin up to 0.01% on currencies.

IronFX also offers a number of useful risk management features, such as stop losses (with trailing stops), limit orders, negative balance protection, price alerts, and much more. You can see all of the account features offered by IronFX here.

Support at IronFX

IronFX support a wide range of languages including English, Bulgarian, Chinese, French, German, Greek, Hebrew, Hindi, Hungarian, Indonesian, Italian, Japanese, Korean, Malay, Polish, Portuguese, Romanian, Russian, Spanish, Thai, Vietnamese, Arabic Bengali, Urdu, Czech, Farsi, and Slovakian

IronFX have a A grade support rating because IronFX offer over three languages and email support.live chat support.phone support.

What you will need to open an account with IronFX

As IronFX is regulated by Financial Conduct Authority, CySEC and ASiC, every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 10 minutes or so to complete the account opening process.

While you might be able to explore IronFX's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with IronFX you can visit their website here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://www.ironfx.com on 12th August 2018.

IRONFX Frequently Asked Questions

Can I try IronFX before I buy?

IronFX offer a demo account so you can try before you put down and payment. Learn more here

What funding methods do IronFX accept?

IronFX offer the below funding payment methods accept Credit cards, Bank Transfers, Payoneer, Neteller, among other payment methods. Learn more here

How can I start trading with IronFX?

When opening a trading account with IronFX, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on IronFX trading platforms here.

Is my money safe with IronFX?

IronFX is regulated by Financial Conduct Authority, CySEC and ASiC. One of the most important criteria for traders when choosing a broker like IronFX is the regulatory body and regulatory status of the broker. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to IronFX, this will be honored. If they violate any regulatory rules their regulated status can be stripped.