IronFX is an online Forex broker established last 2010 by IronFX Global Limited. It is based in London, United Kingdom which acts as the trade name for 8Safe UK Ltd. 

It is run by a number of experienced financial professionals which include computer software developers, risk management experts, markets analysts and so much more. Furthermore, it offers more than 200 financial instruments to the clients in the different parts of the world. They offer great bonuses to their clients in as much as client insurance is available. 

Basic Information on the Broker

  • Regulator – CySEC, FCA, ASIC
  • Trading Platforms – MT4, WebTrader 
  • Available since – 2010
  • Minimum deposit- $100
  • Leverage – Up to 1:500
  • Spreads (& commission)- 0.9 pips 
  • Minimum trade size- 0.01 lot 
  • Demo account – Available
  • Mobile Trading- Available
  • Trade Signals- e-mail alerts, website personal page, Automated Trading
  • US Clients- No
  • Islamic Account- Yes

Trading Platform 

IronFX offer clients two trading platforms to choose from. Compared to other brokers, they offer a limited amount of trading options only, but these 2 belong to the lots of the most powerful trading platforms existing until today. 

The first one is the Meta Trader 4 or MT4 trading platform. MT4 is the most popular and most used trading platform by brokers and traders all over the world. It is equipped with a wide range of trading tools which clients can customize. Some of its features include multiple order types and Expert Advisors support, advanced charging tools, real-time news and price feeds and so much more. IronFX also made the MT4 Multi-Account Management for money managers. In here, money managers are enabled to manage several accounts and to trade as well, all at once. 

The WebTrader platform is a web-based trading platform which traders used because it comes with a lot of benefits which include a user-friendly interface for easier trading. 

Mobile Trading 

IronFX has adopted with the way everyone lives today – with their mobile phones always on their hand – thus, they created a mobile trading platform to make trading available even with the mobile devices that they have. They have provided an optimised MT4 platform for mobile phones which clients can download. Once downloaded, they can start trading right In front of their fingertips. 

Account Types 

IronFX offer their clients a wide array of account types where they can choose from. There are 6 account types, to be specific and these are the following: 

  • Micro Account – Requires a minimum deposit of $100 with a fixed or variable spread. It enables the client to have access to micro lots and a dedicated account manager. 
  • Premium Account – Requires a minimum deposit of $2,500 with a fixed or variable spread. It enables clients with an access to a dedicated account manager and dealing department. 
  • VIP Account – Requires a minimum deposit of $20,000 with a fixed or variable spread. It gives clients access to a dedicated account manager and to the dealing department hotline. 
  • STP/ECN Account – Requires a minimum deposit of $500 with a spread which is as low as 0 pip. It has no commission but it comes with micro lots. 
  • Zero Fixed Spread Account – Requires a minimum deposit of $500 with micro lots. A zero fixed spread account gives the client the access to a dedicated account manager. 
  • Mirror Account – Mirror accounts have a lower stop out levels with an instant internal transfer. 
  • Furthermore, IronFX also provides other account choices for clients of an institutional level. Such accounts include an affiliate, affiliate plus, business and managed accounts. 

Demo Account 

A demo account is provided to clients who wish to learn to trade without any risk. In here they practice trading like how it goes in live trading, the only difference is that they won’t lose anything and they will gain so much trading knowledge that they can use once they start live trading. 

Minimum Deposit 

A minimum initial deposit of $50 is required in order for someone to open a trading account with IronFX. With that punt, you can already start trading and you can reap the benefits once you signed up for a trading account with IronFX. 

Payment Method 

IronFX has created a software which clients can customize and use when depositing or withdrawing. They call it the client portal. Furthermore, IronFX does not accept cash deposits. The client portal works well with credit or debit cards, bank wire, China Union, FasaPay, Skrill and Neteller. 

Maximum Leverage 

A leverage which can go as high as 1:500 is offered to IronFx clients. This is already considered as a high leverage which can either build or destroy a trader. It all accounts on how good he or she manages his or her trading account.

Spreads and Commission 

The average spread of all trading accounts of IronFX is 0.9 pips with no commission. Iron FX does not.offer their clients commission at all. 

Regulation and License 

IronFX is regulated in four different jurisdictions. In Cyprus, it is regulated by CySec, FCA in the UK, ASIC in Australia and the South African Financial Services Board in South Africa. 

With such a number of prestigious regulators, it can be said the IronFX is one of the safest and most secured online broker which follow a rigid and strict regulation. 

Customer Service 

IronFX provide 24/7 customer support for their clients all over the world. Their website is translated with more than a dozen language as their clients have different nationalities. They can be reached via email, live chat, telephone or fax. 

Benefits of Trading with IronFX

When trading with IronFX, you can get a lot of exciting benefits. This include a safe and secured trading with customer support available anytime of the day. You also got the chance to trade with a reputable broker which is widely known all over the world. 

Pros

  • 24/7 customer support 
  • Plenty of trading account choices 
  • High leverage 

Cons

  • Cash deposit not accepted 

Conclusion 

IronFX is one of the leading online Forex brokers which is worth the try because of how reliable and secure it is. It provide clients with a trading environment wherein everything is made easier and can be customized according to their own preference. The quality of the products and services that they offer is one of a kind which makes them shine brighter than other brokers.