IronFX Trusted Review

Details

Broker IronFx
Website URL http://www.ironfx.com/
Founded 2010
Headquarters 2, Lapetou Street Limassol
Support Number +44(0) 203 282 7777
Support Types Email, Live Chat, Call Back Service, Telephone
Languages English, Francais, Italian, Spanish, Portuguese, Slovenian, Korean, Japanese, Chinese,
Trading Platform MetaTrader 4, IronFX Webtrader, PMAM
Minimum 1st Deposit 100 $
Leverage 1:500
Spread From 0,5 Pip
Free Demo Account Yes
Regulated Yes
Regulation CySEC, FCA, ASIC
Account Types Micro, Premium, VIP, ECN/STP, Zero Fixed Spread, Mirror, Managed
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes
Overall Score 79

Pros

  • Leading Worldwide Forex Broker
  • Over 1 MILLION Clients since 2010
  • 120+ Currency pairs, 200+ trading instruments
  • Metatrader 4 & 5 Platform
  • 99.62% of trades executed in milliseconds
  • Expert Advisors Friendly
  • Plenty of Education Material
  • Free VPS

Cons

  • Has Scam History Record
  • No US Traders Accepted

 

Read Here the Full Review

Is IronFX the right Forex broker for you?

Read here an honest IronFx Review, based on real facts, users experience and lots of hours of internet research!

Founded on 2010 by the Cypriot economist Markos Andreas Kashiouris, today IronFx is a leading forex broker that serves retail and institutional customers from over 180 countries in Europe, Asia, the Middle East, Africa and Latin America.

IronFx is a strong, global brand among forex brokers with multi awards and official partnership with FC Barcelona, the most successful professional football club in the world!

 

1.) Website Interface:

IronFx Group operates under the domain: http://www.ironfx.com/en.

Really well designed Brokarage Website with Red and Black colors which do not look boring to user’s eye.

On the left you can see the company’s logo with the slogan: “The Global Leader in Online Trading” and on the right there is a menu that contains the most important buttons: Contact, Search, Register, Log In and the Language Selection Button.

Below this section is located the main menu and below it you ll find a huge Slider with the key features of IronFx. Scrolling down the main page a user will find a huge amount of infromation about company services and policies, financial education/market research material, risk disclosure etc…

 

2.) Regulation Authorities:

IronFX Group holds licences from FCA (UK), ASIC (Australia), FSP (South Africa), UCRFIN (Ukraine), CySEC (Cyprus). Under these licences IronFx accepts traders from over 180 countries in Europe, Asia, the Middle East, Africa and Latin America.

  • CySEC (Licence no. 125/10)
  • Financial Conduct Authority (FCA no. 585561)
  • ASIC (AFSL no. 417482)

Unfortunately, no US Traders Accepted.

 

3.) Secured Money:

IronFX Group provides banking and treasury services through Westpac, Barclays, Santander, Unicredit, BNP Paribas, and other world-class banking institutions to its clients. These banks are completely independent and do not endorse the obligations of IronFX Group to its customers.

Client funds security is a key element of the Group’s philosophy. Clients are assured that their funds are held with security, clarity and integrity. IronFX Group maintains segregated client accounts to ensure that client funds are fully separated from IronFX’s own funds at all times. Each client account has a unique code to ensure that it is used solely for client funding purposes. All client funds deposited are completely segregated in accordance with strict policies and procedures.

Clients can be assured that their funds are safe.

 

4.) Customer support:

This is a big advantage of IronFx. Customer Support is provided by:

  1. Live Chat
  2. Call Back Service

In the contact page there are several phone numbers and emails (traders can contact straight to the department of their interest) which increases the reputation of the company.

 

5.)  Account Types:

IronFX offers multiple account types to cover all traders’ needs. Begginers in forex market can register a demo account for free and unlimited.

Trading accounts can take up to 24hrs to be approved by the company. It is important to finish the KYC proccess before depositing your account.

The following account types are available:

  1. Micro Account:  Minimum Deposit 100$ – Spread as low as 1.1
  2. Premium: Minimum Deposit $2500 – Spread as low as 0.7
  3. VIP: Minimum Deposit $20000 – Spread as low as 0.5
  4. STP/ECN – An STP/ECN account requires a minimum of $500 dollars to be activated. Variable spreads are used and the minimum position size is 0.01 lots, with a leverage up to 1:200 on STP account.
  5. Managed Accounts: IronFX managed accounts are solutions for traders who wish to have their investments managed by authorized professional Money Managers

 

6.) Deposits and Withdrawls:

Initial Minimum Deposit starts as low as 100$ for the Micro Account. Depending on the Account, Minimum Deposit can raise up to 20.000$ for the VIP Accounts.

IronFx does not charge you when you fund your trading account. In some Withdrawal Methods there are some Fees.

Visa, Mastercard, Maestro Deposit Fees:
Withdrawal Fees:
Restrictions:
Maximum transaction amount:
None
Up to € 1.5 per transaction
No
$50,000 per transaction
Bank Wire Deposit Fees:

 

Restrictions:

Depends on the corresponding
and intermediary banks.
IronFX does not apply any fees.None
Skrill Deposit Fees:
Withdrawal Fees:
Restrictions:
Maximum transaction amount:
None
1% capped to $ 10,000
No
$50,000 per transaction
Neteller Deposit Fees:
Withdrawal Fees:Restrictions:
Maximum transaction amount:
None
2% capped to $30.00/
min $1 per transaction
No
$50,000 per transaction
FASAPAY Deposit Fees:
Withdrawal Fees:
Restrictions:
Maximum transaction amount:
None
0.5% per transaction (max 5$)
No
$5,000
China Union Deposit Fees:
Withdrawal Fees:
Restrictions:
Maximum transaction amount:
None
CN¥20 per transaction
No
CN¥360,000 per transaction

 

7.) Currency Pairs offered:

IronFx offers a variety of more than 120 currency pairs, including majors, minors and even exotic currencies.

Currencies like Euro (EUR), US Dollar (USD), Australian Dollar (AUD), Canadian Dollar (CAD, Japanese Yen, British Pound, Singapore Dollar, Hong Kong Dollar, New Zealand Dollar (Kiwi), Hungarian Forint, Polish Zloty, Brazilian Real, Chinese Renminbi, Czech Koruna, Mexican Pesos, South African Rand, Turkish Lira, Russian Ruble, Swedish Krona, Danish Krone, Norwegian Krone are available for quality Forex Trading in IronFx.

 

8.) Trading platform(s):

  • MetaTrader 4 for PC/ Mac/ Mob/ Tablet on Android, iPhone
  • IronFx WebTrader4: full functionality via simple Web interface, no downloading, can be used from any PC connected to the internet.
  • Multi-Account Manager- PMAM: Advanced platform to manage and trade on multiple MT4 accounts simultaneously- used by Money Managers.

 

9.) Educational Materials:

IronFX offers an extensive educational material, which provides traders with access to seminars, webinars and educational videos, in addition to attending major forex expos in cities around the world.

IronFx pays special attention to Traders of all levels. In IronFx website you can find IronFx Enguclopedia with all Forex terms, plus daily market news, custom made forex news applications, Live Currency Rates, Economic Calendar etc…

 

10.) Scam History:

Unfortunantely, IronFx has Scam History Record. This of course does not mean that the whole company is scam, however this fact makes new traders suspicious.

Here are the most important facts:

November 27, 2015:  Cysec has announced a €335,000 Euro fine against IronFx based on the investigation announced in August. CLICK HERE to verify.

August 6, 2015:  Cysec has announced an investigation AGAINST IronFx.  CLICK HERE to verify.  IronFx claims that the company asked Cysec to help them investigate cheating clients.  The FPA is astonished that anyone at IronFx would have the nerve to make such an obviously false statement.

 

 

10.) Restricted Countries:

IronFx does not accept traders from USA, Iran, Cuba, Sudan, Syria and North Korea.

 

Summary Review:

IronFx is a really good choice for new and experienced traders. The Broker offers a variety of services like forex trading, CFD Trading, Commodities Trading, EFTs

Feel free to comment Below your experience with IronFx!!!

By clicking the visit button you will move to the official IronFx Website (ironfx.com)!

 


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