IronFX Review
Key Facts
Regulation
FCA · CySEC · FSCA+1 more
Broker Type
STP, ECN, Market Maker
Min. Deposit
$100
Platforms
IronFX Mobile App, IronFX Web Platform, MetaTrader 4 (MT4)
Fees
Low
Max Leverage
1:2000
Demo Account
Yes
Inactivity Fee
-
Our Ratings
4.2
out of 5
Safety & Regulation4.4
Fees & Costs4.5
Platforms & Execution4.1
Education4.4
75% of retail FX and CFD accounts lose money.
IronFX - At a Glance
Company & Overview
- Headquarters
- Spyrou Kyprianou 68, Germasogeia, 4042 Limassol, Cyprus.
- International Offices
- United Kingdom, Cyprus, Australia, South Africa
- Broker Type
- STP, ECN, Market Maker
- Regulation
- FCA (United Kingdom), CySEC (Cyprus), FSCA (South Africa), FSC (British Virgin Islands)
- Segregated Client Funds
- Yes
- Negative Balance Protection
- Yes
- Languages
- English, French, Spanish, Japanese, Korean, Portguese, Chinese, Arabic, Persian, Russian, Dutch, Malay, Vietnamese, Tagalog, Thai, Indonesian
- Customer Support
- Live Chat, Email, Phone
Account Types
- Demo Account
- Yes
- Swap Free Account
- Yes
- Joint Account
- Yes
- Managed Account
- Yes
- PAMM / MAM Trading
- Yes
- Social / Copy Trading
- Yes
Account Conditions
- Minimum Deposit
- $100
- Payment Methods
- Bank Transfer, Debit Cards, Credit Cards, Cryptocurrency, Skrill, Neteller, Union Pay, FasaPay, GlobePay, Bitwallet, WebMoney, Perfect Money
- Account Currencies
- USD, EUR, GBP, JPY, AUD, CHF, CZK, PLN, ZAR, XBT, XET
- Maximum Leverage
- 1:2000
- Bonuses
- Yes
- Contests
- Yes
Trading Conditions
- Markets & Products
- Forex, CFDs
- Minimum Lot Size
- 0.01
- Maximum Lot Size
- 200
- Decimal Pricing
- 5 decimals
- Hedging
- Yes
- Scalping
- Yes
Fees & Costs
- Spread Type
- Fixed, Variable
- Spread From
- 1.2 pips (Standard Fixed Account), 0.0 pips (Raw ECN Account), 0.3 pips (ECN VIP Account)
- Commission
- Standard Floating Account: No commission, Standard Fixed Account: No commission, Raw ECN Account: $3.0 per lot per side, ECN VIP Account: No commission
Platforms & Tools
- Trading Platforms
- IronFX Mobile App, IronFX Web Platform, MetaTrader 4 (MT4)
- API Access
- No
- VPS Hosting
- Yes
Pros & Cons
Pros
- Strong regulatory oversight.
- Fast and easy account opening.
- Free demo account available for practice trading.
- Solid educational resources for beginners.
- A wide range of fast and secure payment methods.
- Multiple account currency options.
- Negative balance protection.
- Different account types for different trading styles.
- Islamic (swap-free) accounts available.
- Low forex trading fees.
- Ultra-low spreads from 0.0 pips on Raw ECN account.
- High leverage trading capability.
- User-friendly mobile and web proprietary platforms.
- Supports MetaTrader 4 (MT4) integration.
- Supports EA trading.
- No restrictions on trading strategies.
- Integrated copy trading feasture (TradeCopier).
- Integrated PAMM trading features.
- Great customer support service.
Cons
- Product offering is limited to CFDs.
- Average spreads on Standard Accounts, compared to competitors.
- No TradingView, MetaTrader 5, and cTrader integration.
- Limited research tools.
- An inactivity fee after a year of account inactivity.
- Customer support could be improved.
