IronFX Review

IronFX
$25 no deposit bonus & 60% up to $5,000
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Overview

IronFX company information IronFX has won multiple prizes with its trading platform. IronFX has 15 different trading platforms in total with more than 200 different forex pairs, precious metals, CFD’s… more

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Details

Broker IronFX
Website URL www.ironfx.com
Founded 2010
Headquarters London, The United Kingdom
Support Number +44 (0) 207 397 1560
Support Types Tel: +44 (0) 207 397 1560, Fax: +44 (0) 203 102 4476, Email: london@ironfx.com
Languages English, German, French, Italian, Polish, Spanish, Romanian, Mandarin Chinese, Russian
Trading Platform PC, Web, Mac, Mobile, Social Trader
Minimum 1st Deposit $50
Minimum Account Size $50
Minimum Trade Amount $1
Maximum Trade Amount $1,000,000
Bonus $25 no deposit bonus & 60% up to $5,000
Payout within 5 business days
Leverage 1:1 up to 1:500
Spread Low competitive spreads from 0.4 pips on forex
Free Demo Account Open Demo
Regulated Yes
Regulation IronFX Global UK Limited is authorized and regulated by the Financial Conduct Authority (FCA no. 585561)
Fees Yes
Fee Info IronFX doesn't charge any fees or commissions
Commissions Yes
Commission Info IronFX doesn't charge any fees or commissions
Account Types Micro account, Premium account, VIP account, STP/ECN account, Zero fixed spread account
Deposit Methods wire transfer, credit cards, Neteller, Paypal, Skrill/Moneybookers and local payment methods like iDEAL and UnionPay
Withdrawal Methods wire transfer, credit cards, Neteller, Paypal, Skrill/Moneybookers and local payment methods like iDEAL and UnionPay
Trading Methods hedging, scalping, social trading
Number of Assets 5000+
Types of Assets Trade in over 5.000 financial assets including stocks, commodities, forex, options, indices and futures
Option Types binary options, futures, turbo's
Trading Currency Trade in over 100 different forex pairs including all major pairs, all minor pairs and even exotic pairs like bitcoin/USD
Account Currency You can fund your IronFX account with any currency which shall be converted to the preferred currency selected within your IronFX account
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes
Overall Score 9.2

Full Review

IronFX company information

IronFX has won multiple prizes with its trading platform. IronFX has 15 different trading platforms in total with more than 200 different forex pairs, precious metals, CFD’s and options. With its broad variety of trading platforms and assets IronFX is considered one of the biggest online brokers. IronFX has clients from more than 180 countries and over 60 offices. IronFX has a whopping 1400 people staff all over the world and the customer support is available in 45 different languages. The IronFX customer support is 24/7 available through phone, email and live chat. Daily market reviews, live news feeds and technical analysis is what IronFX offers her clients via their website. IronFX Global is regulated by six regulatory bodies: FCA, ASIC, FSP, CRFIN, UCRFIN and CySEC. Also, IronFX is member of the Eurex Exchange and IronFX is a EU regulated MiFID company. As proof of it’s worldwide leadership in online trading, IronFX sponsores football club FC Barcelona, one of the most professional football clubs worldwide.

IronFX trading platforms

Apart from the standard Meta Trader 4 IronFX has developed it’s own IronFX WebTrader. The IronFX WebTrader is designed in a way that it offers it’s users a easy to understand user interface, easy to read graphs and charts, live news feed and trading advice in the form of small popups. The IronFX Personal Multi-Account Manager (PMAM) is ment for traders and introducing brokers who manage multiple accounts for traders and investors. IronFX MultiTerminal is a special trading platform ment for traders trading on multiple accounts on a single screen. IronFX SmartTrader is a trading platform designed for mobile trading with smartphone and tablet. IronFX SmartTrader is available on Android phones, Blackberry phones, Apple phones and PDA phones as well as all kind of tablets.

IronFX account types

There are multiple accounts available on IronFX, from micro account for beginning traders to Business Trading Account for professional investors and day traders.

Micro Accounts

Micro accounts are the smalles accounts for traders new to the IronFX trading platform or those who just started online trading. All accounts with cumulative deposits of less than $2500 are considered Micro Accounts.

Premium Trading Accounts

Traders who have deposited more than $2500 have access to a personal account manager and pay slightly lower spreads on their positions.

Business Trading Accounts

There are three different business trading accounts available on IronFX: the Corporate Account for companies, Institutional Account for institutional trading companies and the Trust account.

Cash Rebate Accounts

This type of account is for investors and day traders who wish to receive a small cashback on their trades.

STP/ECN Accounts

With a STP/ECN account traders have access to the best prizes and biggest inter banking liquidity worldwide.

Affiliate STP/ECN Accounts

These are accounts for traders referred by other STP/ECN IronFX traders. These accounts have 1 pip wider spread.

Affiliate Accounts

These accounts are ment for traders who are referred by other IronFX traders. Affiliate accounts are custom tailored accounts for new traders that offer personal and exclusive bonuses and have special conditions compared to normal accounts. If you open an account via ChooseBroker.com, you will get an affiliate account with an exclusive, higher than normal first deposit bonus and slightly lower spreads.

IronFX commissions, fees and other costs

IronFX doesn’t charge any commissions or fees and only charges spread on trades. Exact information on how much spread, one can find on the IronFX website. The amount of spread charged depends on account type and type of asset traded.

IronFX reliability

Broker reliability depends on many factors. Apart from how the trading platform looks and how it works, contact between broker and payment processors is one important aspect of reliability. IronFX has good relationships with worlds biggest payment processors to make deposit and withdrawal request happen stress-free. At the moment traders can deposit and withdraw funds to and from IronFX using wire transfer, Credit cards, Skrill/Moneybookers, Neteller, Paypal and WebMoney.

Relations with top banks

IronFX only conducts business with blue chip to banks like Barclays and UBS to ensure the safety of the funds of it’s clients.

Segregated Accounts

IronFX manages all its clients funds on a separate balance and not on the main company account. All IronFX banking activities are being supervised by third parties like Ernst & Young and KPMG.

IronFX safety of funds

Because IronFX is a CySEC regulated broker, all deposited funds are covered by a special deposit guarantee program. All deposited funds up to $20,000 are covered in this program.

Automatic Risk Management Tool

To minimize losses traders can use an automatic risk management tool offered by IronFX.

IronFX Customer Support

The IronFX customer service is available by email, fax, phone and live chat in the following languages:

Arabic, Bulgarian, Chinese, English, French, Greek, Hungarian, Italian, Japanese, Korean, Polish, Portuguese, Romanian, Russian, Spanish and Vietnamese.

In some countries IronFX is reachable by Skype.

Pros IronFX

– Many different account types available
– Expert Advisors allowed
– Faster than normal order execution
– High welcome bonus and free no deposit bonus upon registration
– Funds are covered up to $20,000
– Wide range of financial assets
– Mobile and tablet trading available
– Personal Accountmanager
– Regulated by 6 regulatory bodies
– Investors competitions and prize draws
– Unlimited demo account

IronFX review conclusion

IronFX is not comparable with most other brokers as IronFX is one of the largest brokers worldwide. With a no deposit bonus promotion for new traders, a high first deposit welcome bonus and extremely low spreads IronFX is one of the best brokers covered on Choosebroker.com

✓ Free $25 no deposit required welcome bonus upon registration

✓ Trade forex on IronFX MetaTrader4 integrated platform

✓ Over 15 different trading platforms and trading accounts to choose from

✓ Customer support and website available in 45 languages

✓ No scam history

Register for free and get $25 no deposit required welcome bonus

Pros

  • Free $25 no deposit required welcome bonus upon registration
  • Wide variety of assets available
  • Social Trading using SIRIX
  • High first deposit bonus of up to 60%
  • Available in over 45 languages

Reviews

User experience

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Platform

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Reliability

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Customer Service

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Payouts

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Overall Rating

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Decleration:
I hereby declare this review to based on my own experience trading with this broker and I did not reseve compensation in any way submitting this review

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