IronFX Review, Safety, Platforms and Fees

Our team is always ready to assist you with any queries or concerns you may have regarding our services or products. We take pride in providing our clients with excellent customer support and aim to ensure that all inquiries are addressed promptly and efficiently. Please feel free to reach out to us at any time, and we’ll be more than happy to assist you. We’re delighted to hear that you found our registration and account verification process to be simple and straightforward. At IronFX, we understand the importance of keeping our clients’ personal and financial information secure, and we take every measure to ensure that this data is protected.

To add your ironfx review account to MT4, you have to first ‘Register’ with the broker by filling out some basic info like your name, country, base currency and your preferred password. Once the download is complete, log in by choosing ‘Open a new account,’ select IronFX, and enter your MT4 username and password that you received in the IronFX welcome email. To start trading on the IronX Exchange, you will need to verify an account by showing proof of your address and identity.

With more than 300 tradable instruments across six asset classes, traders can trade a wide range of markets including Forex, Metals, Indices, Shares, Futures and Commodities through CFDs. Wow, so many trading accounts, I’ve never seen such a quantity of them. What is more important all of them are kinda different, isn’t it?

With the highly popular MetaTrader 4, IronFX scored highly in the Platform and Tools category. While we adhere to strict editorial integrity, this page may refer to our partners’ products. IronFX offers various bonuses and contests for the investors signed with the Bermuda entity. As per WebTrader, it’s available only with the offshore entity. It’s a simple version of MT4, suitable for trading newbies. I tried with card and other means and still they rejected my withdrawal.

Trade With A Regulated Broker

In case of a fast breakout, the limit order may be used as an “upgraded” market order when the limit price is placed above the current market price. IronFX received a high score for Platforms and Tools in our rating as it offers the highly popular MetaTrader 4 platform. The swap fees for EUR/USD are medium, while the swap fees for GBP/JPY are low. Please note that there is a major difference between swap long and swap short rates in the instruments we measured. This factor should be taken into account when trading, as swap fees impact your performance.

• It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses.
• This can be the perfect way to get used to using the platforms and for testing your trading strategies in a risk-free environment.
• Joey Shadeck is the Content Strategist and Research Analyst for BrokerNotes.co and ForexBrokers.com.
• That being said, not all regulator licenses carry the same weight.
• IronFX does not provide this information amid a lack of transparency.

The company offers a variety of social trading platforms with 24/5 dealing and 24/7 back office support and live chat. In addition, IronFX social trading platforms offer unlimited promotions and bonuses. 🦾 At IronFX, we understand that every trader has different preferences and trading strategies, which is why we offer various account types with unique features and benefits to cater to each trader’s needs. We’re glad to hear that you found the account options suitable for your trading style and preferences. 🤩 Thank you for choosing IronFX, and we look forward to providing you with excellent trading conditions and services.

IronFX does not offer its services to residents of certain jurisdictions such as USA, Cuba, Sudan, Syria and North Korea. Try our exclusive STP Zero Spread account and enjoy spreads as low as 0 pips. I opened an account very fast; everything is up and running smoothly.

We are committed to providing the highest quality service and support to our clients, and we are thrilled that our efforts have met your expectations! 🦾🔥 We will continue to work hard to deliver the best possible trading experience for all of our clients. The MT4 trading platform, the most popular among traders and leader in algorithmic trading, is offered together with an upgraded package labeled MT4 Advanced. IronFX offers Forex traders 83 currency pairs, ranking it among the top brokers in this category. The source of this information is the website and the broker’s trading platform listed in the Web section of this review. The operator of this website does not verify this information and is not responsible for its accuracy, completeness, timeliness, truthfulness or the compliance of a broker with legal regulations.

IronFX Demo Account

If you are with the Commonwealth Bank you are out of luck because they are the only bank in Australia that refuses to do chargebacks against scammers even though they are required to by MasterCard. At least I shut down the ironfx Australian office like I told them that I would do. Please read IronFx reviews below before investing with this broker and share your own live trading experiences with your fellow traders. There is an excellent selection of forex currency pairs to trade, 24 hours a day, 5 days a week. You can choose your own leverage and have unlimited access to some of the largest liquidity providers through IronFX. After looking for weeks at all of the different brokers, I finally settled with this one.

IronFX Academy provides impressive educational features for smaller and less-skilled traders. The portal would benefit from more advanced topics but the narrow focus on newer traders makes sense as a marketing tool. A webinar section was locked, leading to a live account application, while the seminar section contained just two non-English programs in MP4 format.

🧐 Is IronFx a Scam?

It has very nice features and qualities, definitely « A » for effort. I suppose that these awards have a positive effect on the reputation of the broker. Trust Score is a numerical rating (from ) that represents a broker’s overall trust. It is ideal to use an option besides the bank or credit/debit card used for day-to-day financial operations. I also recommend checking the costs from the payment processor to the bank account unless a debit/credit card is available.

IronFX received a very high score for Tradable Instruments in our rating as the broker offers a high number of forex pairs, commodities, and indices. LMT4 is a very popular trading platform that suits beginners and advanced traders alike. In this light, traders will have to do their homework and check spreads for all instruments that they are trading. Depending on individual preferences, IronFX will be a good deal for some traders, while others may want to check other options.

IronFX Best Countries by Traders

This platform has a one-click order entry feature and can be used to monitor market and account activity. For the novice or intermediate traders, IronFX is a solid choice. It has flexible account types to suit a number of different investment and trading styles, as well as trading conditions that are generally pretty favourable. Although not aimed at the professional retail trader, IronFX nevertheless offers an all-round solid product. Founded in 2010, IronFX is a global, multi-asset broker who prides itself on creating an unparalleled trading environment that offers quick trade execution across hundreds of different financial instruments.

It was just a front with no clients but had an Australian financial services licence to operate as a Forex broker in Australia. They then sent fake documentation to the client saying that they were with the Australian version when in fact they weren’t. If you have been conned into putting any money into ironfx.com tell your bank immediately and say that they are a scam and ask them to do a charge back.

The brokerage proved that it’s not reliable and has issues with customer withdrawals. In addition, the company doesn’t have a great score, being rated as average, with 40% of 1-star reviews. In 2015, CySEC fined IronFX 335,000 EUR for refusing to approve clients’ withdrawal requests. Namely, the broker runs a “Global Trading Race,” offering investors a chance to win a car if they apply for the competition and invest a minimum of $750-2,000, depending on the round. IronFX payment service providers are authorized and regulated by some of the most reputable regulating agencies.

https://forexhero.info/ Zero Fixed Spread account offers zero spreads, but traders will have to pay a commission. We have contacted IronFX customer support several times through the online chat. We asked about deposit and withdrawal methods, as well as about the amount of the minimum deposit. The support team reacted quickly, and their answers were clear and professional. Beginner traders will benefit from the low minimum deposit ($50) and educational webinars. Advanced traders will have plenty of account options to choose from.

Scam Broker reverse all profit from your account

Please be advised that certain products and/or multiplier levels may not be available for traders from EEA countries due to legal restrictions. Neteller– a two percent fee capped to a USD 30.00 minimum is charged by IronFX, along with a USD 1.00 fee per transaction for Neteller deposits. There are no restrictions on deposits with a maximum transaction amount of USD 50,000 per transaction. Bank Wire– bank wire deposit fees are contingent on the corresponding and intermediary banks. Bank wire deposits have no restrictions and IronFX does not charge a fee.

Several account types allow retail clients to bypass IronFX’s dealing desk, which carries a systematic conflict of interest, and trade directly with the interbank system. Accounts are tiered into Micro, Premium, and VIP levels, depending on capital commitment, with spreads dropping on major Forex pairs between tiers. Client funds are segregated from company funds, reducing the potential for misuse. They operate a counterparty dealing desk, raising conflict of interest issues, but offer direct interbank trading access in some account types.

I used to contact it and my problems were done in just ten minutes. I made an account here mostly because of the managing accounts feature. I searched for the broker that would give me the opportunity to manage my clients’ accounts nice and easy. I often became the victim of unnecessary bonuses and promotions, let alone scams.

These include telephone, live chat and an email contact form with staff available on a 24/5 basis during the trading week. Over the weekend, you can leave a message for when support resumes, as shown below. When it comes to cryptocurrencies, IronFX recently partnered with EmurgoHK in 2018 to create a new cryptocurrency exchange called IronX. The IronX Exchange is a world-class, regulated cryptoexchange that lets you trade a variety of digital coins. You can also perform fiat-to cryptocurrency conversions, and leverage options are available for traders.

Friendly representatives are hand to answer all of your questions 24 hours a day, 5 days a week via phone, email, and online chat. The responses arrive in a prompt and efficient manner from my experience. For those of you who are of Muslim faith, I am pleased to say that the broker does have swap-free accounts which comply with Sharia law. It’s great that they serve clients from all different backgrounds and with different religious beliefs. However, as with demo accounts this is something that you would expect from all brokers nowadays.

The cryptocurrency offering includes pairs with different currencies, including U.S. dollar, Japanese yen, British pound, and euro. Market order, which is used to buy or sell the instrument at the current marketplace. This order is used when a trader wants to establish a position as fast as possible.

If there is anything we can do to improve your experience further, please do not hesitate to contact us directly at Well, I know that a lot of brokers use MT4 for their trading platform, but they don’t tell you much about the platform itself. You cannot be a good trader without knowing the software you are using deeply, right? This broker provided me with an advanced user guide, which explaines everything in detail. I can now trade here with utmost confidence thanks to people who put together such good features.