IronFX Review
Updated regularly · Independent ratings
Overall Rating
4.2 / 5
Fees
4.5 / 5
Safety
4.4 / 5
Platforms
4.1 / 5
Education
4.4 / 5
Min. deposit
$100
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the risk of losing your money.
IronFX — At a Glance
Full broker data from our database
| Minimum deposit | $100 |
| Broker type | STP, ECN, Market Maker |
| Spread type | Fixed, Variable |
| Spreads 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 |
| Maximum leverage | 1:2000 |
| Minimum lot size | 0.01 |
| Maximum lot size | 200 |
| Decimal pricing | 5 decimals |
| Trading platforms | IronFX Mobile App, IronFX Web Platform, MetaTrader 4 (MT4) |
| API access | No |
| VPS | Yes |
| Demo account | Yes |
| Segregated account | Yes |
| Swap-free account | Yes |
| Managed account | Yes |
| PAMM / MAM account | Yes |
| Joint account | Yes |
| Copy trading | Yes |
| Social trading | Yes |
| Account currencies | USD, EUR, GBP, JPY, AUD, CHF, CZK, PLN, ZAR, XBT, XET |
| One-click trading | Yes |
| OCO orders | Yes |
| Trailing stop loss | Yes |
| Hedging allowed | Yes |
| Scalping allowed | Yes |
| Interest on margin | No |
| Bonuses | Yes |
| Contests | Yes |
| Regulators | FCA (United Kingdom), CySEC (Cyprus), FSCA (South Africa), FSC (British Virgin Islands) |
| Headquarters | Spyrou Kyprianou 68, Germasogeia, 4042 Limassol, Cyprus. |
| International offices | United Kingdom, Cyprus, Australia, South Africa |
| Assets offered | Forex, CFDs |
| Payment methods | Bank Transfer, Debit Cards, Credit Cards, Cryptocurrency, Skrill, Neteller, Union Pay, FasaPay, GlobePay, Bitwallet, WebMoney, Perfect Money |
| Languages | English, French, Spanish, Japanese, Korean, Portguese, Chinese, Arabic, Persian, Russian, Dutch, Malay, Vietnamese, Tagalog, Thai, Indonesian |
| Customer support | Live Chat, Email, Phone |
| Contact email | support@ironfx.com |
| Minimum deposit | $100 | Social trading | Yes |
| Broker type | STP, ECN, Market Maker | Account currencies | USD, EUR, GBP, JPY, AUD, CHF, CZK, PLN, ZAR, XBT, XET |
| Spread type | Fixed, Variable | One-click trading | Yes |
| Spreads 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 | OCO orders | Yes |
| 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 | Trailing stop loss | Yes |
| Maximum leverage | 1:2000 | Hedging allowed | Yes |
| Minimum lot size | 0.01 | Scalping allowed | Yes |
| Maximum lot size | 200 | Interest on margin | No |
| Decimal pricing | 5 decimals | Bonuses | Yes |
| Trading platforms | IronFX Mobile App, IronFX Web Platform, MetaTrader 4 (MT4) | Contests | Yes |
| API access | No | Regulators | FCA (United Kingdom), CySEC (Cyprus), FSCA (South Africa), FSC (British Virgin Islands) |
| VPS | Yes | Headquarters | Spyrou Kyprianou 68, Germasogeia, 4042 Limassol, Cyprus. |
| Demo account | Yes | International offices | United Kingdom, Cyprus, Australia, South Africa |
| Segregated account | Yes | Assets offered | Forex, CFDs |
| Swap-free account | Yes | Payment methods | Bank Transfer, Debit Cards, Credit Cards, Cryptocurrency, Skrill, Neteller, Union Pay, FasaPay, GlobePay, Bitwallet, WebMoney, Perfect Money |
| Managed account | Yes | Languages | English, French, Spanish, Japanese, Korean, Portguese, Chinese, Arabic, Persian, Russian, Dutch, Malay, Vietnamese, Tagalog, Thai, Indonesian |
| PAMM / MAM account | Yes | Customer support | Live Chat, Email, Phone |
| Joint account | Yes | Contact email | support@ironfx.com |
| Copy trading | 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.