IronFX Review 2022 Trading Platform & Broker Unpacked

• John Doe
• May 27, 2022

However, since this is the only research material on IronFX, you will need to rely on it heavily for any research. This IronFX review will show you what you can trade with and how many asset classes IronFX can provide for you. You also get the chance to contact a hotline for a dealing-desk interaction and a personal account manager. IronFX also allows scalping and hedging, under the approval of your jurisdiction. IronFX is a Forex broker that was established in 2011 in Cyprus, as trading and brand name for Notesco Limited, with the registration number of 51491.

• The trading platforms of IronFX have been crafted to facilitate trading experience that is not only practical but also efficient and powerful.
• With more than $3 trillion traded daily, the foreign exchange market or Forex is the largest financial market and the most popular option for retail traders.
• What is clear from the majority of ironfx reviews is that there is a consistent theme throughout, in the form of positive reviews of the company’s customer service offering.
• It has to be said though that the minimum spread on bitcoin is massive, as is the margin requirement.

For trading accounts that have been inactive for more than a year, the company, for instance, levies a $50 inactivity fee. When withdrawals are requested during inactive periods, the broker charges a significant 3 percent fee on deposits. Insightful research and daily news feed of the trading markets provide the firm’s traders with an access to the best data and information to make informed decisions in regards to trading. To further strengthen its global leadership, the IronFX Group has recently declared its official partnership with FC Barcelona, one of world’s most successful and professional football clubs. IronFX broker is a reputable foreign exchange firm recognised internationally for its excellent trading accounts, educational tools, research materials, and customer support service. The broker has come under fire from clients and reviews alike for its high inactivity fees.

Trading Assets

Indeed, as it is now, IronFX serves retail- as well as institutional traders from no fewer than 180 countries around the world. Options are derivatives which give you the right to buy or sell an asset at a certain price on a certain date. Forex broker IronFX is a financial services provider with more than 1.2 million clients across 180 countries worldwide. The firm also runs Twitter, Instagram and Facebook xcritical official site accounts, where clients can keep up to date on market and platform updates and contact the support team. While the broker does not state a minimum deposit, there is a maximum deposit amount of $50,000 or equivalent for most payment options. IronFX does not add any fees to its supported deposit methods, though both regional and international bank wire transfers may be subject to charges from banks.

I have 3 years of trading experience with IronFX and I am satisfied. Great platform to use, easy with deposits and withdrawals and everything xcritical official site is simple, customer service is great. The STP/ECN Zero Spread is an ECN account and ECN stands for Electronic Communications Network.

Can I use MetaTrader 5 at IronFX?

You can then select the type of trading account that suits your needs and trade on MetaTrader4, web, or desktop or mobile application. With IronFX, you can trade with over 200 financial instruments, through one trading platform. This Forex broker provides you with options, fixed spreads, and floating spreads, with a varying level of maximum leverage level.

We found it very easy to use and the layout pretty simple yet inclusive of all the features one might need. It is safe to say that beginner and intermediate level traders can benefit from their MT4 platform. The MT4 platform is available via a mobile app for Android, iOS, and Windows devices. Mobile users benefit from complete trade management with a 100% similar functionality as that of a desktop. The mobile app is facilitated with the Iron FX research app which gives traders an insight into the financial markets and major news events. When it comes to customer services, IronFX not only does have 8 worldwide locations but it is also happy to deal with any challenge investors may encounter while trading.

The conclusion of our IronFX review

You will find any trading topic you can think of, whether it is general knowledge or trading psychology, you will find it with IronFX. You will have to be a member to be able to access the Trading Central services, but you can always open a Demo Account. However, trading with shares means that you are charged with a 0.1% commission.

IronFX uses standard security features to keep clients’ personal information secure, including website encryption. Security could be bolstered through the use of dual-factor platform authentication. Note, an account manager is available with all of IronFX’s trading accounts. IronFX also offers the Cent account with which clients can start with less funds and smaller lot size. Spreads get more competitive as you move up the account tier structure, with the VIP account offering the best value for money.

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While the broker is no longer under investigation from CySEC after a €335,000 settlement in 2015, many may still be wary of the company after this scandal. The account features a pleasant trading environment and provides services tailored to traders with long trading history. It includes appealing market trading circumstances and https://xcritical.expert/ beneficial features to assist new traders in having the finest trading experience possible. The IronFX Demo account is an unlimited time account that allows you to immerse into the simulation of this Forex trading broker without facing any financial loss. The best part is that you can virtually trade funds up to 5Million USD.

A much faster alternative is to make a deposit through a digital wallet. Digital wallets or e-wallets are fast, secure, and convenient methods to send and receive electronic payments. IronFX accepts several different e-wallets such as the widely popular Neteller and Skrill, as well as FasaPay, a Malaysian e-wallet that is accepted by various FX brokers. In addition, the broker accepts several instant banking transfer services, which are available locally – Union Pay for Chinese customers, DotPay for Polish traders, etc.

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IronFX offers trading on copper futures, as well as energy futures – US light sweet Crude oil, Brent Crude oil, and natural gas. Unlike hard commodities like metals and oil, soft commodities are typically agricultural products that are being grown rather than mined. The soft commodity futures on IronFX include cord, wheat, rice, soybeans, coffee, cocoa, sugar, and cotton. The premium account is for the experts of trade that have some trade knowledge.

• While experienced trades might find IronFX education and analysis a bit stale, novice traders should have enough materials to get the ball rolling.
• Through taking a wider focus and looking at the general picture, it is easier to properly separate the facts from the fiction.
• Alternatively, you can trade directly through MetaTrader’s WebTrader.
• Its CySEC license gives IronFX the right to peddle its offer throughout the EU.
• The gold account is a new era trading platform created for investors with some market or trading experience.

Traders also get a welcome bonus when they sign up for an account at Iron FX. However, please note that bonuses cannot be withdrawn. Premium Trading Accounts – This type of account Provide dealers who deposit above $2,500 with admittance to extra features, lower spreads and dedicated account managers. IronFX has provided their clients with several versions of the industry proven MetaTrader 4 trading platforms. It’s important to understand that this is not traditional share trading but trading CFDs on shares.

Fortrade – Fortrade is a multi-asset broker offering a simple live account with advanced tools. ActivTrades – ActivTrades offers online trading on the MT4, MT5 and ActivTrader platforms. The mobile offering also comes with the IronFX Research app which gives users an overview of the financial markets and major news events.

IronFXis considered a safe broker since they make it a priority to protect your funds and personal information, from being leaked in misuse. IronFX was founded in 2011, as a trade name for Notesco Limited, a Bermuda-based company. This company has managed to expand into more than 180 countries, including the UK, Australia, and South Africa. Keeping this in mind, never invest more money than you can risk losing. The risks involved in trading may not be suitable for all investors.