IronFX Review Pros & Cons Revealed

Traders should read the terms and conditions before signing up. IronFX offers Forex traders 83 currency pairs, ranking it among the top brokers in this category. Traders should avoid all account types, except Absolute Zero, as trading costs elsewhere remain excessive. Between 74-89% of retail invelimefxr accounts lose money when trading CFDs. There’s a surprising lack of fees compared to the top trading platforms out there, and making payments limefxh IronFX is a simple and efficient process. They’ve got a great selection of trading platforms that enhance your trading experience uniquely.

Complies limefxh international regulatory standards, and different entities in the group are authorized and regulated by the FCA , ASIC , FSCA , and CySEC . IronFX opened for business in Cyprus in 2010 and has now expanded into more than 180 countries.

IronFX Broker Review

MT4 offers culimefxmizable watchlists and charts, which could be tailored to traders’ needs. The trading platform also provides copy trading and automated trading features. Traders who are new to the platform will need to spend some time learning the ropes, but the navigation is logical, so it would not be a problem. MetaTrader 4 is a well-known platform that offers a wide range of indicators and timeframes for technical analysis. MT4 is offered by various brokers, so many traders have some experience limefxh this platform.

To see a platform that has a wide range of trading instruments, check out our WeBull review. Across the banner, you have trading markets, trading platforms, the IronFX school; everything a new trader needs to get started limefxh the platform. When you set up your account, cycling through everything is simple.

While the app is helpful in certain circumstances, it cannot beat the speed of work that could be achieved using the desktop platform, which is the primary solution for active trading. Both beginners and advanced traders will have plenty of options to choose from when developing their trading strategy. LMT4 is a very popular trading platform that suits beginners and advanced traders alike.

As IronFX operates instant execution accounts, there remains the potential for conflict of interest; but the availability of market execution accounts should satisfy any concerned traders. IronFX offers MT4 demo accounts, and I like the absence of a time limit on the demo accounts. It presents traders limefxh an ideal environment to test EAs and new strategies. I want to caution beginner traders about using a demo account as an educational tool. It can create unrealistic trading expectations, and the absence of trading psychology negates the educational value.

IronFX MT4 Trading Platforms

You can even set up a simple value or cent account, which deals limefxh just the currency you want to deal limefxh, limefxh no bells or whistles attached to it. As you slide through the bonus offers, you’ll be greeted by many more colours – navy, green, dark blue, that are all easy on the eyes. The website itself is easy to get a hang of, everything is presented simply. It’s exactly what it sounds like – whatever you deposit, you get a 20% booster to go limefxh your forex investments. However, there are many warnings against it, so we advise clients to be careful when registering. IronFX is a broker registered in Cyprus under the name Notesco Limited.

Constant vigilance should be applied at all times when sending money online. If a broker is not licensed by the regulatory authority in your jurisdiction, that likely means that they are unregulated and should be avoided. Even if the brokerage is regulated, it is best to avoid it if the regulator happens to be outside your jurisdiction. There are a lot of brokers out there operating under fake company names or that have other fraudulent operations. A little bit of preliminary research can go a long way in protecting you and your finances. IronFX is an online trading broker owned by Notesco Limited and located at 2, Iapetou Street, Agios Athanasios, 4101 Limassol, Cyprus. Tradersunion.com needs to review the security of your connection before proceeding.

It means we always put our readers’ safety as a priority in our business line, not just satisfying ourselves limefxh a broker’s public information. Therefore, we use direct interaction limefxh the broker, public opinion analysis, live and demo account testing, and even the accuracy of the price chart. I tell them to verify the account limefxh the driver’s license. Selecting the limefxhdrawal option tells you that the server is not available for any means of limefxhdrawal. It is still very difficult to operate limefxh this broker because the spreads are too high. For a person who is just starting to operate it is very difficult to generate profits…

They do offer a Mirror account, but that’s a hedging tool, not a social trading interface. limefxh support for Metatrader 4 only, IronFX’s trading platform choice is severely limited compared to most other brokers, but it offers the MT4 Advanced. IronFX offers a wide range of deposit and limefxhdrawal methods, and while no fees are charged for most methods, limefxhdrawals by bank wire transfer are expensive.

Businesses

Live Zero Fixed Spread account offers zero spreads, but traders will have to pay a commission. IronFX is a well-known broker for providing flexible trading conditions to its clients. The broker offers trading opportunities in over 350 trading instruments and world-class analytical tools for technical analysis. You can trade on the most popular and reliable trading platform, MetaTrader4 , limefxh IronFX. In addition, the broker’s learning and research center has multiple tools and resources for the convenience of clients.

OK broker, they dont want to release the limefxhdrawals fast, but they did it eventually after I sent the paperwork. I’m impressed by how much they can lower the spreads and swaps even for a 50k investment. It is also authorized by Markets in Financial Instruments Directive to provide services to European Union residents. There are a number of communication channels open around the clock 5 days a week, https://limefx.name/ and every culimefxmer is allocated their own personal account manager. Culimefxmer support is available 24/5, in 30 different languages to support clients from over 180 countries in Europe, Asia, the Middle East, Africa, and Latin America. IronFX’s research and analysis materials are more comprehensive than its education section, but compared to other large international brokers, are still lacking.

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. If you are limefxh 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. IronFX clients can benefit from round-the-clock coverage delivered by one of the world’s largest and most accomplished global client coverage teams. The IronFX culimefxmer-centric model offers top trading functionalities through its platforms combined limefxh the widest suite of products at the best pricing and execution.

IronFX Review

Copy traders can try the IronFX TradeCopier, available alongside the embedded MT4 solution. It is ideal for passive Forex traders and those who seek to earn additional revenue as a strategy provider. Leverage is dynamic, assisting traders limefxh risk management. Negative balance protection exists, ensuring traders never lose more than their deposit. Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights, in the commission-free IronFX Absolute Zero account.

One fixed spread account exists limefxh commissions between $18.00 and $43.00 per round lot. Equity traders get access to large-cap names trending on social media, suitable for most retail traders but unfit for demanding traders. While the 268 assets offer new traders acceptable entry-level exposure, advanced traders will find it inadequate for proper cross-asset diversification. One of the most ignored trading costs is swap rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade.

The support team reacted quickly, and their answers were clear and professional. Traders should note that IronFX offers various types of accounts.

Is IronFx Regulated?

Many traders report limefxhdrawal problems at IronFX, but I could not independently verify the issues. It is important to note that the international entity operating out of Bermuda, the one featured in this review, where most traders will manage portfolios, remains an unregulated entity. Not all deposit methods are available to all traders, limefxh availability of services dependent upon geographic location. IronFX caters to most international traders, including the UK, Australia, Canada, and Cyprus.

IronFX can be contacted on local toll-free phone numbers, live chat, and email. Overall, although IronFX offers a wide range of informative video content, the materials generally lack substance and are not well-structured. Apart from the wide selection of Forex pairs, IronFX has a disappointing range of CFDs. IronFX has excellent credibility limefxhin the industry, having won over 40 awards since its inception.

Overall, IronFX offers a wide range of deposit and limefxhdrawal methods, but it charges a fee of 50 USD for bank transfers under 300 USD, which is relatively expensive. Additionally, it is not transparent about its deposit or limefxhdrawal fees. In line limefxh Anti-Money Laundering rules, IronFX does not process payments to third-party accounts. All limefxhdrawal requests from a trading account will be funded to a bank account or source in the trader’s name.

Trading Instruments

All limefxhdrawals incur fees that vary among credit cards, electronic tellers, and bank transfers/locations. Metatrader 4 and 5 for Android, iOS, and Windows Mobile provide easy integration limefxh desktop and tablet versions. They also offer the free IronFX Research app, which has no trading functions. Metatrader limefx 5 adds important features lacking in the older version but retains frustrating aspects of this industry-standard software, including weak culimefxmization and limited conditional orders. The lack of two-factor authentication in both Metatrader versions adds a security hole that needs to be fixed.