IronFX is a global multi-asset broker that was established in 2010. They take great pleasure in the fact that they have created an unrivaled trading environment that provides rapid trade execution across hundreds of various financial instruments. IronFX delivers Forex CFDs with variable leverage and competitive spreads in a trading package that is stable and easy to use. IronFX is backed by a powerful IT architecture.
IronFX was initially established in Cyprus; however, the company has seen significant growth since it opened its doors for the first time in 2010 and has since expanded to include a network of locations across the United Kingdom, Australia, and South Africa.
In terms of the trading conditions that are now available, IronFX has over two hundred tradable instruments that are categorized into six different asset classes. In recent years, IronFX has made a public announcement regarding a cryptocurrency tie-up with EmurgoHK; however, the partnership has not yet been put into action or formally introduced.
Their tiered account structure includes floating or fixed account spreads, as well as commission and no-commission fee schedules. The spreads that are offered across all of these asset classes are fairly competitive; however, the final spreads that you are offered will differ depending on the type of account you have open with them. There are many different account alternatives available, including a portfolio management program, for those of you who are interested in having a trading experience that is more on par with that of a professional.
Regarding the regulatory aspect of things, IronFX is currently controlled by a variety of authorities located all throughout Europe and Australia. The Financial Conduct Authority (FCA) of the United Kingdom, the Cyprus Securities and Exchange Commission (CySEC), and the Australian Securities and Investment Commission have all granted it permission to conduct business and issued licenses in this regard (ASIC). This indicates that IronFX is approximately as well regulated as you would anticipate a broker of their size to be.
As a consequence of this, users of IronFX will, depending on where they are located, be subject to a variety of different account insurance and compensation programs. In accordance with these rules, the cash belonging to the customers are kept completely separate from the operating capital of the company. This helps to reduce the possibility of the funds being misappropriated or misused.
When it comes to the actual process of trading on the platform, the experience is very much on par with what is considered standard in the business. The MetaTrader 4 and MetaTrader 5 platforms, which offer a trading experience that is just as solid and reliable as we have come to anticipate, are what are used to facilitate trading on desktop computers and mobile devices.
IronFX has a user education area that is abundant in features and well-researched for users of all experience levels who are eager to either learn how to trade for the first time or hone their existing expertise.
The IronFX Academy presents a comprehensive collection of educational resources on a broad range of topics, such as market analysis, trading psychology, technical analysis and indicators, and more.
IronFX is an excellent option for traders of all skill levels, from beginners to advanced. Trading circumstances are normally relatively favorable, and it offers a variety of account kinds that may be customized to meet the requirements of a wide range of investment and trading strategies. IronFX provides a product that is robust in all aspects despite the fact that it is not designed with the professional retail trader in mind.
Trading with IronFX Offers Some Unusual Features
IronFX has a competitive advantage due to the fact that it is managed by a team of seasoned financial experts who each bring several years of relevant industry experience to the table. In addition to computer software developers, their team is comprised of market analysts, specialists in risk management, client business solution specialists, and so on.
In addition, IronFX provides services to individual and institutional investors in more than 180 countries across the world, giving these investors the opportunity to trade on attractive dealing spreads in more than 200 different financial products. On certain trading products, such as forex currency pairings for example, the broker provides leverage ratios of up to 1 to 500, which is referred to as high leverage.
This broker also provides an impressive bonus package, with current incentives that include a 100% Sharing Bonus if you can make a deposit of $10,000 and a 20% Iron Bonus if you can make a deposit of up to $2,000. There are some restrictions in place, but you won’t lose any of the bonus money that was deposited into your account.
A certificate stating that you are protected up to one million pounds per client is available on our website.
IronFX customers can purchase excess loss coverage that is in addition to and in excess of the FSCS maximum of £50,000. Protection up to one million pounds sterling each customer. Only applicable to customers of the FCA.
The brand new item is called Absolute Zero.
• Zero commission trading
• Both Euros and US Dollars are accepted here.
• Raw Spreads beginning at 0 pip increments
• Variable leverage ranging from 1:100 to 1:200
• Capability to engage in transactions using micro lots
• The spread on EUR/USD is currently 0.18, raw, and there is no commission involved.
Software for Traders to Use
IronFX makes the claim that it provides ten trading platforms, but the fact is that the primary trading platform software that they support is the industry standard for online forex trading and one of the best forex trading systems that are currently available. This is the MetaTrader4 trading platform, which can be downloaded for free from Metaquotes. IronFX claims that it provides all of these trading platforms. The MT4 trading platform can be used on desktop computers running either a PC or a Mac operating system, and the developer of the platform also offers a mobile version available for use on devices running either iOS or Android.
In addition, IronFX provides its customers with access to a Personal Multi-Account Manager, commonly known as PMAM, which is a software program that enables customers to trade and execute risk management for various trading accounts and funds that the customers have set up. This platform allows users to watch market activity and account activity, and it also features a function that allows orders to be placed with only one click.
IronFX also provides clients with access to a web-based version of their trading platform known as Webtrader 4, which was designed and built in-house.
Transactions for Deposits and Withdrawals
IronFX has designed what is known as a bespoke interface for deposits and withdrawals, which means that the interface is adapted to the specific requirements of each individual customer. This allows IronFX to better serve its customers. The in-house interface that IronFX provides to its customers makes use of an exclusive Client Portal, which streamlines the process of making deposits and withdrawals and attends to a variety of other customer requirements.
IronFX does not accept cash deposits; nevertheless, users can make various sorts of deposits totally automatically through the Client Portal, which also serves as a centralized location for managing both deposits and withdrawals. Cash deposits are not accepted. The following is a list of the deposit and withdrawal methods available for use with an IronFX account, along with any applicable fees, restrictions, and maximum transaction amounts that may apply to each method.
• Bank Wire – Fees for making deposits by bank wire are determined by both the corresponding bank and the intermediary bank. IronFX does not impose any limitations on bank wire deposits, and the company does not charge a fee.
• Credit and Debit Cards – Visa, Mastercard, and Maestro credit and debit cards are accepted, and there are no fees associated with deposits made using these cards. However, there is a cost of up to EUR 1.5 per transaction for withdrawals made using these cards. The maximum amount that can be spent using a credit or debit card in a single transaction is 50,000 USD.
IronFX does not charge any fees for deposits made through China Union; however, China Union does charge CNY 20 for each transaction. There are no limits placed on deposits, and the highest amount that can be transacted in a single transaction is CNY 360,000.
• If you choose to make a deposit using Fasapay, there will be no fees assessed; however, there will be a fee of 0.5 percent applied to each withdrawal transaction, up to a maximum of USD 5.00. The greatest amount that can be transacted in a single transaction is 5,000 USD, and there are no restrictions placed on this amount.
• Neteller deposits are subject to a fee of two percent, with a minimum of USD 30.00, and a fee of USD 1.00 per transaction from IronFX. The fee for Neteller deposits is capped at this amount. The maximum amount that can be deposited in a single transaction is 50,000 USD, but there are no further restrictions on deposits.
• Skrill imposes a one percent fee on withdrawals with a maximum ceiling of US$10,000 and a maximum transaction size of US$50,000, however there is no price for making deposits via Skrill.
Assistance to Customers
IronFX provides customer service around the clock for customers in over 180 countries across Europe, Asia, Africa, South America, and the Middle East. In addition, customer service is provided in over 30 distinct languages, and toll-free numbers are provided in 12 countries, including Brazil, the Czech Republic, China, Germany, Japan, India, South Korea, Poland, Portugal, Spain, and the United Kingdom.
In addition to providing help by e-mail and live chat, IronFX also provides support via fax, telephone, and fax machine from their main office. Customers have access to phone numbers that connect them directly to Introducing Brokers, also known as IBs, as well as their trading desks and client funding questions.
In addition, the broker provides some market research as well as instructional tools, such as a glossary of terms used in the financial market as well as some videos. In addition, their representatives will be present at major forex expos held all around the world, giving you the opportunity to meet with them and ask any questions you might have.
Safety
The parent company of the broker, IronFX Global Limited, is authorized to conduct business in Cyprus by CySEC with the license number 125/10, as well as in Britain by the FCA with the license number 585561, and in Australia by the Australian Securities and Investment Commission (ASIC) with the AFSL number 417482. In addition, the company operates in accordance with the Markets in Financial Instruments Directive, also known as MiFID, throughout the European Economic Area. In the Netherlands, the company is regulated by the Authority for the Financial Markets, also known as AFM.
The regulatory bodies that have authorized and regulated the payment service providers used by IronFX are among the most renowned in the world. The Central Bank of Cyprus has granted authorization to Safecharge, Cardpay, and CSC24Seven. Dinpay, on the other hand, has been granted authorization by the Central Bank of China, while Dotpay has been granted authorization by the Polish Financial Supervision Authority. In the United Kingdom, the Financial Conduct Authority (also known as the FCA) has granted approval to the e-wallet services Ecommpay, Webmoney, Skrill, and Neteller.
IronFX Group provides its customers with banking and treasury services through major international banks such as Barclays, BNP Paribas, Santander, Unicredit, and Westpac. This is in addition to the fact that the company ensures the safety of its customers’ funds through its payment service providers.
IronFX ensures that client monies are always kept completely separate from business funds by storing them in accounts that are segregated from each other. A one-of-a-kind number that is solely employed for the purpose of client funding is allotted to each individual customer account.
Additional Services
The IronFX Academy is an extensive educational facility that IronFX provides its clients with access to in addition to attending major forex expos in cities all over the world. Clients have access to seminars, webinars, and educational videos through this facility. IronFX provides its customers with a Forex encyclopedia, in addition to other instructional tools, so that those customers can hone their trading skills.
IronFX clients have the opportunity to participate in social trading with some of the most reputable and award-winning brokers in the industry, allowing them to take advantage of one of the most recent developments in the foreign exchange market. The company provides users with a selection of social trading platforms, which include 24/5 dealing, as well as back office assistance and live chat, which are available 24/7. In addition, the social trading platforms provided by IronFX offer a limitless number of bonuses and promotions.
The Final Word on IronFX
IronFX claims itself to be the most successful online broker, and the company appears to be doing well in terms of rebounding from previous regulatory troubles. It supports a wide variety of trading platforms, one of which is MetaTrader 4, and it provides its customers with an intuitive client portal via which they can easily make deposits and withdrawals. Additionally, the company’s customer assistance is intended to provide the greatest possible quality of service to customers in more than 30 different languages through the use of email, live chat, and toll-free telephone help.
IronFX customers’ funds are protected by being placed in segregated accounts, and the company’s payment service providers are all regulated by regional agencies. This is in addition to the fact that the company is regulated in Cyprus by CySEC, as well as other local authorities in the United Kingdom and Australia.
The IronFX Academy provides a wide variety of forex teaching content, including videos, webinars, and seminars, as well as IronFX’s involvement in forex expos and trading events in the major cities all over the world. This educational material is geared for beginning traders. A unique and crucial feature provided by IronFX is its social trading tool, which enables users to imitate the trades of some of the most successful traders in the world.
