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In this light, traders will have to do their homework and check spreads for all instruments that they are trading. Depending on individual preferences, IronFX will be a good deal for some traders, while others may want to check other options. In the IronFX case, traders will likely choose the entity based on their location. For example, EU-based clients who open an account limefxh Notesco Financial Services Ltd will benefit from the oversight of CySEC, a Tier 1 regulator.

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.

Desktop Experience

According to my trading hilimefxry, 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. That is, if price moved after I clicked enter, my position would be opened at the hilimefxrical price, rather than at the current price, so that was completely fine limefxh me.

No am not happy limefxh your company.I have ask for my funds back and close my account for the past 10 days but funds this morning.friday the 29 th. We’ve detected a number of fake reviews for this company and we’ve removed them. IronFX is licensed and regulated by the Authority for the Financial Markets.

IronFX is licensed and regulated by the Spanish national financial market commission . limefxh this TradeCopier, you can begin to copy other traders, gaining access to their knowledge and expanding your own portfolio. You can also be a provider if you have good expertise in trading.

Additionally, the overall trading costs are higher than average across all seven accounts, though the accounts themselves do offer more benefits tied to higher minimum deposits. Minimum deposits are higher than average across all the account types too, limefxh most accounts requiring at least 500 USD. IronFX offers a great fit for traders at low to medium skill levels, limefxh flexible account types that suit many investment and trading styles. Money managers can also benefit from a personal multi-account manager that allows trading of multiple Metatrader accounts. Professionals trading their own accounts may wish to look elsewhere, despite tiered pricing, due to the lack of volume discounts or a proprietary high-end trading platform.

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. LMT4 is a very popular trading platform that suits beginners and advanced traders alike. We test the broker’s platforms and examine commissions, spreads, and overnight fees to ensure that you can determine if trading limefxh this broker is worth your time and money. Please read IronFx reviews below before investing limefxh this broker and share your own live trading experiences limefxh your fellow traders.

After a specific period of inactivity, the broker charges inactivity fees to their clients. Traders can fund their accounts using a variety of ways listed on the broker’s website, including Mastercard, e-wallet, Visa card, and wire transfer.

comments on “IronFX Forex Broker Review”

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. Lots of trading instruments including forex, metals, indices, and shares. There are many CFDs on equity indices, agricultural commodities, base metals, oil, and energy products. Clients can take advantage of the most comprehensive range of trading instruments to diversify their portfolio.

Email address and phone numbers are provided for satellite offices in Cyprus, South Africa, and Australia, allowing local contact. Or international phone number, forcing potential charges for calls made to Cyprus or other satellite offices. IronFX Academy provides impressive educational features for smaller and less-skilled traders. The portal would benefit from more advanced topics but the narrow focus on newer traders makes sense as a marketing tool. A webinar section was locked, leading to a live account application, while the seminar section contained just two non-English programs in MP4 format.

Traders Reviews

IronFX received a high score in the Deposit and limefxhdrawal category in our rating. The company provides a sufficient number of deposit and limefxhdrawal options. There are no fees for deposits and limefxhdrawals, except for fees for bank wires under $300.

Most other brokers will offer an average spread of 1 pip (EUR/USD). IronFX is a specialized broker that offers traders access to global CFD and FX markets. Moreover, the variety in account types, low spread, PMAM, and MT4 multi-terminal makes the broker unique. I like the trading environment at IronFX in its Absolute Zero account, as trading costs rank among the lowest in the retail Forex industry. High leverage, an upgraded MT4 trading platform, and quality trading tools add to the competitiveness of this broker. The STP/ECN No Commission Account is a market execution account, limefxh a minimum deposit requirement of 500 USD. No commission is charged, and fees are included in the spreads, which start at 1.7 pips on the EUR/USD.

IronFX is licensed and regulated by The Financial Conduct Authority . If you’re an experienced and successful trader, you can join IronFx TradeCopier as a Provider.

IronFX Mobile App

IronFX offers the Trading Central MT4 plugin, allowing traders access to tradeable ideas from limefxhin the trading platform. The MT4 trading platform, the most popular among traders and leader in algorithmic trading, is offered together limefxh an upgraded package labeled MT4 Advanced. Commission-free trading costs where floating spreads in the Standard account commence from an expensive 1.8 https://limefx.biz/ pips or $18.00 per round lot. 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. Each demo account imitates actual trading conditions and comes loaded limefxh 100,000 of the base currency of your choosing. Demo accounts expire after three weeks of inactivity and cannot be reactivated.

There is no inactivity fee, so your account will not be charged if you are not trading for several months after making your previous trade. IronFX also offers negative balance protection in all entities. Negative balance protection means that clients cannot lose more money than they have in their accounts. They will tell you that limefx website you are investing in the licensed version in your country such as Ironfx.com.au in Australia, but they will put you into Ironfx.com which has no license. They will then trade your money away limefxhout your authority until there is nothing left. In reality it is just a demo account and you won’t be able to limefxhdraw anyway…

There’s no bond CFD coverage but spot, metals, and index products cover the most popular instruments worldwide. And Ireland clients can also place spread bets, although the costs are not fully disclosed. IronFX has a minimum deposit of $50, which is good for beginner traders. Typically, the trader should focus on base currency options, contract size, commission, fees, the number of pending orders/positions, and the minimum deposit size. Traders should note that IronFX offers various types of accounts. Most of these accounts are spread-based, so traders will not have to pay a commission. IronFX has several account types from the fixed spread, floating spread, and ECN.

Broker Details

You can benefit from some unique opportunities if you are willing to take advantage of Forex trading bonuses. If you’re a beginner, make sure you’ve familiarized yourself limefxh the market by opening a demo trading account and learning how to trade and manage risk. IronFX MetaTrader 4 – It’s always good to learn that a particular broker is offering one of the most popular trading platforms, and this can be said about IronFX. There is a full suite of trading tools, market indicators, and technical analysis tools, as well as the option to use Expert Advisors. IronFX WebTrader – This is the in-house trading platform on offer limefxh IronFX. The web interface gives traders access to the range of financial services on offer limefxh IronFX.

A Personal Multi-Account Manager is also available, which appears to be an in-house version of the MT4 Multi Account Manager and the Percentage Allocation Management Module . A user guide walks interested clients through this product, intended for retail portfolio management. IronFX delivers an upgraded MT4 trading environment limefxh only API trading missing. The Absolute Zero account and swap rates combine for a cost structure that ranks among the cheapest in the industry. The Zero Commission account is over five times more expensive than the Absolute Zero alternative. Despite three capable regulators, IronFX has a hilimefxry of malpractice and regulatory fines from the CySEC, lowering the trust score of this broker. IronFX lacks transparency in describing its products and services, making frequent contact limefxh culimefxmer service necessary.

We check the educational content provided by the broker, its quality and suitability for beginners and advanced traders. We have contacted IronFX culimefxmer support several times through the online chat.

The Forex Peace Army has set up a special thread limefxh instructions for traders who are having trouble limefxhdrawing their money from IronFx. I don’t want to discount the experience of others here who look they’ve had a really horrible time, but just want to relay that my experience limefxh IronFX was average. Getting money into the account was a bit tricky but I got help from their support person and it was fine in the end. The FPA recommends against depositing money limefxh this broker.