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IRONFX Review

IRONFX Review

IronFX was founded in 2010 and soon became one of the fastest growing forex brokers worldwide. Their expertise is in Forex, CFDs on US and UK stocks, commodities, and spot metals offering cutting edge technology, competitive spreads and fast execution. IronFX is regulated by Cysec (no:125/10) and internationally known and spoken as they have won many awards one them being the “Best FX Newcomer” award by World Finance magazine. They are fully regulated and considered as a front runner in the world of forex trading as their fast growth cannot be ignored, which makes us believe that they have certainly found the recipe for success.

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IronFx Trading Platforms

IronFX offers a total of 15 trading platforms that traders can use.

ironfx_tradingplatforms

PC | WEB | MAC

  • MT4 Platform
  • MT4 Trader for Mac
  • MT5 Trader
  • WebTrader
  • PMAM
  • MultiTerminal

MOBILE

  • Blackberry Trader
  • MT4 iPhone Trader
  • MT5 iPhone Trader
  • MT4 iPad Trader
  • MT5 iPad Trader
  • MT4 Android Trader
  • MT5 Android Trader
  • MT4 Mobile Trader
  • MT4 Smartphone Trader

 

Types of Trading Accounts

Knowing that each trader has a different trading style and technique, Ironfx made sure that they cover all of their clients by offering a variety of account types which is considered as one of their main advantages since most brokers offer up to 3 account types while Ironfx offer a total of 8 trading account types.

Ironfx_TradingType

  • Micro Accounts
  • Best-of-market spreads starting from as low as 0.8 pips
  • Variable spreads and account rebates to retail customers
  • Start trading with balance up to $2,499
  • Ability to trade micro lots
    • Premium Trading Accounts
    • Dedicated Account Manager available 24/7
    • Best-of-market spreads starting from as low as 0.4 pips
    • Variable spreads and account rebates to retail customers
    • Premium accounts starting from $2,500
      • Business Trading Accounts
      • Business trading accounts are divided into:

-          Corporate Account
-          Institutional Account
-          Trust Account

  • VIP Account
  • Best-of-market spreads starting from as low as 0.2 pips
  • Personalized Service from a Dedicated Account Manager available 24/7
  • Telephone Trading
  • Flexible Leverage from 1:1 up to 1:500
    • Cash Rebate Accounts

For traders who wants to earn cash rebates on their trading.

  • STP/ECN Accounts

The IronFX STP/ECN trading accounts provide clients direct access to the market therefore giving them the best price available with no dealing desk execution.

 

Standard account:

  • Spreads starting from as low as 0 pips
  • Direct access to interbank prices and top-tier liquidity providers
  • No requotes
  • Flexible leverage up to 1:200
  • Trading account in 7 base currencies
  • Zero commission charged

Micro account:

  • Trading from 0.01 lots
  • Flexible leverage up to 1:500
  • Available up to 50,000 USD accounts
    • Affiliate Accounts
    • Spread starts from as low as 1.4 pips for Affiliate Live accounts or as low as 2.7 pips for Affiliate STP/ECN accounts
    • Over 200 instruments to choose from with a single click
    • Multicurrency trading platform in 7 base currencies USD, EUR, GBP, JPY, CHF, PLN and HUF
    • Trade on all instruments available on the IronFX ‘s platform and at the same time work with your preferred Introducing Broker
    • Ability to obtain local support, if applicable, from your preferred Introducer
    • Accounts available only for clients referred by selected Introducers
      • Managed Accounts
  • Managed accounts with world-leading and regulated firms
  • Full transparency of service
  • 24/7 access to your funds
  • Segregation of client funds with top-tier banks
  • Risk management
  • No lock-in periods and restrictions

 

Spreads Comparison

IronFx does not charge any commission. The spreads offered are very competitive and always depend on which account the trader chooses to open and trade with. You can find the full spreads table of IronFX on their website.

 

Trustworthiness

IronFX has everything going for them. The way we see they definitely get the green light from us as they check in regulation trading platform performance as well as their payment methods. IronFx, managed to develop an in house process for payments in order to make it easy for their cleints to deposit and withdraw without any hassle.

IronFx’s offers the following payment options for funding/withdrawing:

  • Bank Wire
  • Credit Card/Debit Card
  • Skrill/Moneybookers
  • Neteller
  • JCB
  • M.O.T.O
  • PayPal
  • WebMoney

 

Security of Funds

  • Accounts with Top Tier Banks
  • Segregation of Client Funds
  • Protection by the Investor Compensation Funds
  • Risk Management

 

Customer Service

IronFX’s offers clients support in many languages across the world having offices in many locations in order to meet the needs of their clients from anywhere worldwide.

ironfx_customersupport

Currently, there is support in the following major languages:

Arabic,Bulgarian,Chinese,English,French,Greek,Hungarian,Italian,Japanese,Korean,Polish,Portuguese,Romania,Russian,Spanish,Tagalog,Vietnamese

 

To get in touch with the support team, IronFX’s clients can use the following methods: Callback, Email, Livechat, Office, Phone, Skype,Web form

 

Pros

Security of funds

Unique Trading Tools

Regular Competitions & Bonuses

Fully regulated

Variety of account types
Low spreads
Multiple choices of trading platforms
Unlimited Demo Account 

 

Cons

The minimum deposit required to open a live trading account is $500 which is considered a bit high for retail clients.

 

IronFX was founded in 2010 and soon became one of the fastest growing forex brokers worldwide. Their expertise is in Forex, CFDs on US and UK stocks, commodities, and spot metals offering cutting edge technology, competitive spreads and fast execution. IronFX is regulated by Cysec (no:125/10) and internationally known and spoken as they have won …

Review Overview

Ease of Access - 7.5
Platform Performance - 8.3
Reliability - 7.9
Support - 8.6

8.1

VERY GOOD

Summary : VERY GOOD

User Rating: 0.85 ( 1 votes)
8

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