IronFX Review, Safety, Platforms and Fees

Then I traded with this company whose I wouldn’t want to mention but then scammed me without batting an eye. Then I started a research and contacted chargebacksecured they helped me get back my money please be careful out there hopefully this helps someone out there. Additionally, the variety in the trading account type allows the traders to choose any type that suits their needs.

• The only drawback of this broker is that it doesn’t support PayPal for deposit or withdrawal.
• I’ve send the documents asked to get my account verified but made a big mistake of depositing 1K € before getting my account verified.
• Traders who are performing well, may not continue to perform well, however social and copy trading can allow the trader to see the ideas or copy the traders of more experienced traders.
• Traders should note that IronFX offers various types of accounts.

Traders who are performing well, may not continue to perform well, however social and copy trading can allow the trader to see the ideas or copy the traders of more experienced traders. This is quite a wide range of trading platforms to choose from, and most traders will be able to find one that will suit their needs. We feel, however, we should also mention a number of very negative reviews we found when undertaking our research for this IronFX Forex brokers review. Much of it seems to center around withdrawals, and as with any kind of customer review, we took them all with a pinch of salt.

We constantly strive to offer our clients the best possible pricing and trading conditions to help them achieve their financial goals.🔥🔥 IronFX 🚀🦾 Solid Trading. The IronFX customer-centric model combines trading functionality with the best pricing, execution, and liquidity. More than 300 financial instruments exist, including Forex, spot metals, stocks, futures, spot indices, and commodities, with best-of-market spreads from 0 pips. You can access all instruments from a single account from any of the 13 Platforms.

Beginner traders should source in-depth educational content elsewhere before trading at IronFX. Here is a screenshot of quotes at IronFX during the London-New York overlap session, the most liquid one, where traders usually get the lowest spreads. IronFX lacks transparency in describing its products and services, making frequent contact with customer service necessary.

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While candlesticks are generally more popular among traders as there is an abundance of candlesticks patterns used to make trading decisions, other types of charts also have their fans. We tested the spread on the IronFX standard account during the London open at 8am UK time and just after the US open at 2.45pm UK time. At the same time, it should be noted that the information about all company’s entities is not readily available on the IronFX website. To learn about other entities, traders should go to the Notesco website. IronFX has entities regulated by Tier 1 regulators , a Tier 2 regulator , and an unregulated entity registered in Bermuda.

The ironfx review process is automated which keeps manual intervention to a minimum and thus helps to maximise efficiency and effectiveness. The award-winning trading platforms available provide an automated risk-management system to ensure that client accounts will never go negative. Across the banner, you have trading markets, trading platforms, the IronFX school; everything a new trader needs to get started with the platform. When you set up your account, cycling through everything is simple.

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IronFX is registered with several jurisdictions under the trading name Notesco Financial Services Limited . The Financial Conduct Authority regulates the broker in the United Kingdom . The Cyprus Securities and Exchange Commission has granted IronFX a license to operate in the EU . Compare broker See what benefits one offers over the other.

The Live Floating/Live Fixed accounts provide Variable or Fixed Spreads and overall have a lower minimum deposit and offer higher leverage . IronFX’s Futures CFDs grant traders access to global markets. With low trading costs and tight spreads, investors can take advantage of rising trends or short positions for maximum returns. IronFX provides a variety of trading tools and services including charting software and analysis, as well as expert guidance from experienced market professionals. For those looking to diversify their portfolio while minimizing risk, IronFX Futures CFDs provide a good opportunity. With the right strategies, traders can navigate turbulent markets with confidence.

Supported Platforms for IronFX

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. For some of its account types, including the Standard and Premium accounts, IronFX BM offers Bitcoin denominated accounts which may be funded and withdrawn from in Bitcoin. Additionally Ethereum denominated accounts are available as well as accounts denominated is Cardano .

According to my trading history, about 90% of the time, you’ll encounter this problem. Every time support was contacted, one different reason was given to justify the ” delay “. I’ve send the documents asked to get my account verified but made a big mistake of depositing 1K € before getting my account verified. Trading was okay – there was a delay in positions being opened, but they always seemed to open at the price that was active at the time I clicked the market order.

Are IronFX Trading Fees Good?

Traders will conduct all financial transactions from the secure back office of IronFX. The deposit and withdrawal options remain notably limited, as outlined on the website of its Cyprus subsidiary. An alternate passive trading approach exists via the IronFX AutoTrade platform, where traders copy entire strategies. I like the details IronFX provides for each strategy and signal provider.

• In 2015, CySEC fined IronFX 335,000 EUR for refusing to approve clients’ withdrawal requests.
• Also, there are many videos and tutorials available on the web in case you have questions about certain features of the app.
• For newbies, there are lots of resources uploaded to their website so that a new trader can train him/her by own selves.
• That is, unauthorized people have no access to ths information.
• Additionally, they can access expert insights through the VIP Room, read market trends reports written by our experts, as well as attend educational seminars.

IronFX offers something for everyone with their great trading platforms. A great trading website needs to offer a good amount of different trading platforms. Different traders operate differently, you can’t just have one outdated WebTrader and expect traders to utilise it.

I have had a positive experience with…

Each clients account is provided with a unique code which is used to ensure that the funds are only for the funding purposes. Online trading involves significant risk, and you may lose all of your invested capital. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

In general, the more you deposit, the lower the commission will be. I must admit that the commission is not the lowest I have seen, but I also feel that the quality of the broker makes it worthwhile. The trading conditions are more than reasonable, so you’ll be taking home a hefty chunk of your profit when you trade with forex. And, IronFX does its best to make sure your forex trading experience is a profitable one.

For beginner traders, the broker offers a minimum deposit of $50 and educational webinars, which are available in multiple languages. Advanced traders will benefit from multiple account options and multiple base currencies. Its advanced services with the best features make it good to invest with. Traders can have trading platforms, tools, various assets, CFDs, and many facilities to make a successful trading. The STP/ECN Zero Spread Account offers spreads as low as 0 pips on the EUR/USD, and a commission is charged per lot traded. The commission is 18 USD per lot on major pairs, and 23 USD per lot on minors.

When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located. Their tutorials videos are all linked to the FAQ section, so they’ll give you a real visual demonstration on how to learn a few things or fix a common issue that you may be having. Our IronFX review also noticed how much work went into providing all the different contact methods.

The quality of their service is excellent and I trust them. Check out our brief list of the best strong points that IronFX Forex broker offers. All of them will help you make up your mind and decide whether to rely on this website for your future trading activity. IronFX uses the powerful MetaTrader 4 system, which is a well-known and well-respected trading platform. However, you may be charged additional fees by your respective banks or payment providers, which are beyond the broker’s control.

The VPS hosting from https://forexhero.info/ includes low-latency trading servers at an affordable price, allowing you to make trades faster and more securely. Since there have been numerous complaints and several regulatory warnings, your funds’ safety depends on the entity you trade with. I tried with card and other means and still they rejected my withdrawal. And I contacted them since Dec 23rd 2022 up till Jan 4th 2023, and there is no help. With everything being said, it’s clear that IronFX is not the broker you’d first choose.

I think none of the other brokers out there are capable to do such good custom pricing. Please note that this review has not been posted by a verified client of ours, as we do not accept clients from the US. Been researching the blog of this broker for quite a white. We hope to have the opportunity to address your concerns and restore your trust in our services. We do understand how frustrating it can be when there are misunderstandings regarding the terms and conditions.

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. At least I shut down the ironfx Australian office like I told them that I would do. Iron Fx offers MT4 trading platform available as desktop, mobile or web trader versions. It takes just $100 to open a Micro account, increasing to $2,500 for a Premium account and $20,000 for a VIP account.