IronFX -Overview Guide of This Broker

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information & Regulation

IronFX, a trading name of Notesco Financial Services Limited, established in Australia in 2011, authorized and regulated by Cyprus Securities and Exchange Commission (CySEC No.125/10) and Financial Conduct Authority (FCA No.585561), is a multi-asset broker which offers retail and institutional investors over 200 tradable assets.

Note: The screenshot date is January 29, 2023. WikiFX gives dynamic scores, which will update in real-time based on the broker's dynamics. So the scores taken at the current time do not represent past and future scores.

Market Instruments

IronFX provides traders with more than 300 tradable instruments in Forex, Metals, Indices, Commodities, Futures and Shares.

Account Types

There are quite a few trading account options listed on the IronFX platform. The minimum deposit to start a micro account is $100, which sounds reasonable for most regular traders to get started. The broker also offers demo accounts.

Leverage

The leverage provided by IronFX is capped at 1:30. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Spreads & Commissions

The spreads on Standard accounts start from 1.8 pips, while from 1.6 pips on Premium accounts, from 1.4 pips on VIP accounts, and fixed at 0 pips on Zero Fixed accounts. Spread for No Commission accounts starts from 1.7 pips, from 0 pips on Zero Spread accounts and 0.3 pips on Absolute Zero accounts.

There is an unspecified commission on Zero Spread accounts, while no commission is charged on the other accounts.

Trading Platform

IronFX offers traders three trading platform options, namely the most popular MT4 trading platform, WebTrader online trading platform, and VPS virtual cloud hosting.

The MT4 is highly praised by traders and brokers alike due to its ease of use and great functionality, offering top-notch charting and flexible customization options. It is especially popular for its automated trading bots, a.k.a. Expert Advisors.

IronFX offers a free VPS (Virtual Private Server) to new and existing clients who make a deposit of at least $5,000 and maintain the balance in the following months. Having a VPS allows you to run trading platforms 24 hours a day, 7 days a week. This means that traders do not need the trading platform running on their computer and can access the VPS from anywhere at any time to place or manage trades. A top-specification VPS can cost up to $100 per month so this is a great offer for those who meet the minimum requirement.

Deposit & Withdrawal

IronFX supports traders to deposit funds via VISA/MasterCard/Maestro, Bank Wire, Skrill, Neteller, Fasapay, DotPay, and Mail Order & Telephone Order, while withdrawals with VISA/MasterCard/Maestro, Skrill, Neteller, and DotPay. No deposit fees are charged while the broker does charges some withdrawal fees, more details can be seen in the following screenshots.

Customer Support

IronFX provides clients with global customer support in over 30 different languages. IronFX representatives are hand to answer questions 24 hours a day, 5 days a week via phone: +357 25027212, email: support@IronFX.eu, and online chat.

Pros & Cons

Frequently Asked Questions (FAQs)