IronFX is a global online trading broker that offers forex trading and CFDs in over 200 financial products across different asset classes, including currency pairs, cryptocurrency, stocks, indices, metals, energies, and other commodities. Although headquartered in Cyprus, the broker has offices around the globe, including London, Sydney, and Johannesburg. The broker provides 10 trading platforms and is renowned for offering competitive trading fees and good execution speeds with minimal slippage.
IronFX Review Introduction
In this IronFX review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers including IronFX.
IronFX Platforms & Tools
The broker offers a “one account, 10 platforms” trading model, so a trader can trade from one account across all platforms, which is especially useful to traders who wish to switch between their desktop, mobile or other devices. With this broker, traders can access the market via the IronFX MetaTrader 4 (MT4) platform, the IronFX Personal Multi-Account Manager (PMAM), the IronFX MultiTerminal, and their various web-based social trading platforms. Many of the platforms have web and mobile versions.
Although the various trading platforms have a vast range of trading tools, the broker also provides their clients with a good selection of additional tools to assist them in market analysis and risk management. Some of the additional tools include the IronFX Research App, IronFX Trader Dashboard, IronFX Trading Widgets, IronFX Virtual Private Server (VPS), and Economic Calendar.
IronFX Research & Education
IronFX trading academy is full of educational resources that can help clients improve their trading knowledge and skills. The resources include videos, e-books, guides, and trading encyclopedia. They cover a wide range of basic and advanced trading topics. The broker also organizes webinars from time to time.
IronFX Trading Accounts
The broker offers a flexible range of account types which could be Fixed Spread, Variable Spread, and even Absolute Zero accounts. Account types for individual traders include:
- Micro Account
- Premium Account
- VIP Account
- Absolute Zero Account
- STP/ECN Accounts
- Zero Fixed Spread Account
- Absolute Zero Plus Account
The account types for institutions are Affiliate Account, Affiliate Plus Account, and Business Account. Minimum account opening deposits vary from $100 to $20,000.
IronFX Account Funding
IronFX has a variety of reliable account funding and withdrawal options, including bank transfer. There may be transaction fees when using certain payment methods, and bank transfers can take a few business days to clear.
IronFX Customer Service
The broker provides top-class customer support in over 30 languages. They are available 24/5 and can be reached via email, phone, and online chat.
IronFX is the brokerage name of Notesco Financial Services Limited, a company registered as an investment firm in Cyprus. Notesco Financial Services Limited is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC). Their various global branches are regulated by the regulatory authorities of the country of domicile. Hence, in the UK, they are authorized and regulated by the Financial Conduct Authority (FCA), while in Australia, they are licensed and regulated by the Australian Securities and Investment Commission (ASIC).
IronFX Review Summary
IronFX is a reputable online trading broker with a presence in different parts of the world. They provide trading services in a wide range of tradable instruments across different asset classes, offering competitive fees and fast execution through multiple trading platforms.
It is worth mentioning that some of the trading products and services in this IronFX review may differ or not be available to traders in some countries due to regulations. As brokers terms can change over time, please verify all information is up to date directly from the IronFX broker website which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.