IronFX Review
Overall Rating
4.2 / 5
Fees
4.5 / 5
Safety
4.4 / 5
Platforms
4.1 / 5
Education
4.4 / 5
Min. deposit
$100
IronFX — At a Glance
- Regulation
- FCA (United Kingdom), CySEC (Cyprus), FSCA (South Africa), FSC (British Virgin Islands)
- Broker Type
- STP, ECN, Market Maker
- 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
- Assets Offered
- Forex, CFDs
- Trading Platforms
- IronFX Mobile App, IronFX Web Platform, MetaTrader 4 (MT4)
- Demo Account
- Yes
- Maximum Leverage
- 1:2000
- Spread Type
- Fixed, Variable
- Spread From
- Standard Floating Account: 1.2 pips, Standard Fixed Account: 1.2 pips, Raw ECN Account: 0.0 pips, ECN VIP Account: 0.3 pips
- 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
- Decimal Pricing
- 5 decimals
- Minimum Lot Size
- 0.01
- Maximum Lot Size
- 200
- Swap Free Account
- Yes
- Managed Account
- Yes
- PAMM / MAM Trading
- Yes
- Joint Account
- Yes
- Social / Copy Trading
- Yes
- Hedging
- Yes
- Scalping
- Yes
- One Click Trading
- Yes
- OCO Orders
- Yes
- Trailing Stop Loss
- Yes
- API Access
- No
- VPS Hosting
- Yes
- Bonuses
- Yes
- Contests
- Yes
- Headquarters
- Spyrou Kyprianou 68, Germasogeia, 4042 Limassol, Cyprus.
- International Offices
- United Kingdom, Cyprus, Australia, South Africa
- Languages
- English, French, Spanish, Japanese, Korean, Portguese, Chinese, Arabic, Persian, Russian, Dutch, Malay, Vietnamese, Tagalog, Thai, Indonesian
- Customer Support
- Live Chat, Email, Phone
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.