IronFX Review, Rating and Awards 2023


IronFX offers traders access to 300+ financial instruments, including Forex, metals, indices, and shares. This allows traders to diversify their portfolios and exploit different market conditions. IronFX is a popular online platform offering traders access to various financial instruments, including Forex, metals, indices, and shares.

IronFX has some of the best value trading conditions when it comes to forex trading. You have a spread that starts at 0.7 pips and will average out at 1.2 pips, in EUR/USD. You can see a rundown of the economic calendar, and financial news, an introduction to all of the trading instruments, videos that help guide new traders and pro traders alike. The email and phone lines are available in 180 countries and over 30 languages that span the entire globe. You can’t deny that IronFX has one of the best customer services out of any trading platform out there today. It’s how the platform links to the customer, it’s their main form of gaining feedback and building up a healthy rapport with your everyday trader.

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You also have to prepare yourself for some conversion fees, if you’re trading in one currency, and trying to withdraw in another. This is a welcome surprise for all you traders, that money you put aside can finally be put into some currencies so it can work for you! We have to warn you though, there can be withdrawal fees in some cases. We can almost hear the collective groans coming out of everyone’s mouths. This is everyone’s least favourite part of starting up a new trading platform, and we all just have to prepare ourselves to put aside some money to create this new account. You need $100 to start any kind of account with IronFX, so they make sure to get the deposit up and running within the day so you can get to work.

IronFX Commissions & Spreads

IronFX is registered with several jurisdictions under the trading name Notesco Financial Services Limited . The Financial Conduct Authority regulates the broker in the United Kingdom . The Cyprus Securities and Exchange Commission has granted IronFX a license to operate in the EU . Compare broker See what benefits one offers over the other. There are a number of communication channels open around the clock 5 days a week, and every customer is allocated their own personal account manager. IronFX accepts a range of different payment methods including Skrill, Neteller, SafeCharge, Dotpay, NetBanx Asia, Visa and Mastercard, and ChinaUnion.


A mobile app for Android, iOS, and Windows devices is available for IronFX’s MetaTrader 4 trading platform. IronFX actually offers seven different trading accounts, including a swap-free Islamic trading account. These accounts are divided into 2 categories; Live Floating/Live Fixed Accounts and STP/ECN trading accounts. May be you will find many myths, IronFX scam stories in the Forex market. But in terms of regulations, fund protections, multilingual support and other factors IronFX is one of the most prominent and reliable Forex Broker around the world.

I Have Issues With IronFX, What Can I Do Right Now?

If you ever have any questions or need assistance, please don’t hesitate to contact our Customer Support team at We’re always here to help. The demo trading here left only positive emotions, even though it’s difficult to imagine that it may somehow delight a trader. Yeah, I assessed the company from the point of provided conditions, platforms and assets. On its platform, IronFX BM provides an Academy which is a resource of educational material and includes Webinars, Seminars and Expos to visit in person. Going to an Expo in the trader’s region can be a useful experience as they can find seminars by expert traders and talk in person to the broker.

  • You can trade a great selection of over 300 financial instruments with a wide variety of account types to choose from, spreads as low as 0.0 pips and support in over 30 languages.
  • For newbies, there are lots of resources uploaded to their website so that a new trader can train him/her by own selves.
  • The account currency can be chopsen at account sign up and afterwards other accounts may be added, fiat or crypto denominated.
  • That is why FX Empire developed its proprietary rating system.
  • They can have services such as account manager, webinars, videos, customer support, hedging, fifth decimal, and a 25% swap discount.
  • Metatrader 5 adds important features lacking in the older version but retains frustrating aspects of this industry-standard software, including weak customization and limited conditional orders.

In this section, we check the broker’s market offering and how varied the instruments and asset classes are. It will allow you to check if they offer what you’re looking for and what you can trade. Market order, which is used to buy or sell the instrument at the current marketplace. This order is used when a trader wants to establish a position as fast as possible. Typically, this order is necessary when the instrument’s price begins to move quickly. The main risk of this order is that you pay a spread, which is the difference between the bid price and the ask price.

The award-winning trading platforms available provide an automated risk-management system to ensure that client accounts will never go negative. They’ve got your traditional, by the numbers trading platforms with WebTrader and MetaTrader 4 and 5. However, they have some pretty nifty trading platforms that you’d be hard-pressed to find anywhere else. The PMAM allows you to manage several different forex accounts all under one banner, and it can work in conjunction with MetaTrader 4 to offer a great experience for any professional trader. IronFX is a trading platform that knows their market, and they excel at providing a great experience for new customers, and new traders in general.

What is IronFX? Is Iron FX a scam?

Social and copy trading options are limited, with no dedicated third-party platform. They do offer a Mirror account, but that’s a hedging tool, not a social trading interface. Additionally, they can access expert insights through the VIP Room, read market trends reports written by our experts, as well as attend educational seminars.

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 historical price, rather than at the current price, so that was completely fine with me. I appealed to the Financial Ombudsman, but they too were bought with iron money, like the lawyers they pay to try to cover up their shameful story. Inexplicably, the daily web-based “Market Insights” column was not reproduced on the research app.

The IronFX minimum deposit is $100 for the Standard account and $500 for the Absolute Zero alternative. IronFX maintains a few expensive accounts with higher minimum deposit requirements. Terms and conditions apply, and traders must read and understand them before requesting a bonus. A quality affiliate program is also available with high payouts and sign-up bonuses. It supports traders who seek a passive revenue stream to supplement their trading activities. As I reviewed IronFX, its $1M trading competition ended, but it holds them frequently.

  • I think they can be a good choice for beginners as there are plenty of educational resources and free demo accounts so that you can practice trading online.
  • Each demo account imitates actual trading conditions and comes loaded with 100,000 of the base currency of your choosing.
  • AvaTrade is an award-winning and multi-regulated broker offering a great selection of trading instruments including Forex, Cryptos, Stocks and Commodities.
  • The quick application grants traders access to the back office.

If a broker has a score less than 80, like this one, we won’t recommend it to you. So that we don’t waste your time, we don’t update these reviews either. We know you don’t want to read a long review of an untrustworthy broker.

Don’t deposit with ironfx!!

No reviews should be taken at face value, always conduct your research before making financial commitments. Traders can analyse the broker with this review, and for more details, they can visit the website, This will give them information on brokers working in financial markets. Once verified, traders upload the documents and select the trading account. Notesco Limited is registered in Bermuda with registration number and registered address of Clovelly, 36 Victoria Street, Hamilton HM 12, Bermuda. A completely regulated and authorised body that ensures full security of the traders.

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In 2013, offices were opened in Australia, and it became officially recognized by the SDIC. At the same time it also received authorization from the FCA in the UK. A further office was opened in South Africa, and it became authorized by the Financial Services Board . IronFX offers a host of possibilities for those who would like to enhance their experience. Webinars, seminars, Forex encyclopedia, educational videos and a Forex eBook are just a few examples. The cornerstone of the content is live weekly webinars, which are available in several languages, including English, Spanish, Portuguese, Farsi, and Italian.

We put the knowledge and expertise of our reviewers to work to bring you the most suitable brokers. A total of 200 variables have been analyzed to help you choose your broker wisely. This chart describes all the categories we evaluated and rated. None of the information on this website is investment or financial advice. The European Business Review is not responsible for any financial losses sustained by acting on information provided on this website by its authors or clients.

Are the trading conditions here good for even beginners?

IronFX provides very pleasant conditions on ECN types of accounts. We are happy to hear that you enjoy using IronFX Mobile App. I often became the victim of unnecessary bonuses and promotions, let alone scams. The quality of their service is excellent and I trust them. IronFX takes the problems of its customers seriously and customer support is available by chat, telephone and email. There are also a number of competitions for real money and demo account holders with great cash prizes as well as iPhone’s and iPad’s.

This can be the perfect way to get used to using the platforms and for testing your trading strategies in a risk-free environment. This is not something exclusive to this broker, you will find most have a demo account available. There is an excellent selection of forex currency pairs to trade, 24 hours a day, 5 days a week.

The STP/ECN No Commission Account is a market execution account, with 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. Again, even though traders have direct market access, these spreads are unusually wide, and the minimum deposit requirement is high. Hi Latif, Thank you for taking the time to share your positive experience with IronFX.

First off, you’ll need $100 to set up your standard trading account. The ability to make quick deposits and withdrawals is essential for any trading platform. IronFX understands this, and they’ve done all the grunt work to gain access to some of the best trading platforms for their customers. IronFX is a colourful, enjoyable trading platform that simplifies trading, and makes it easier for the trader to do business. Rather than cater to one kind of trader, our IronFX review found that this platform caters to all traders. Iron Fx offers MT4 trading platform available as desktop, mobile or web trader versions.

IronFX Global Review Scores

These numbers may be deceiving, given the broad variety of ironfx reviews, fees, and routing choices. Spreads drop significantly on major Forex pairs between Micro and VIP tiers but minor pairs show no variation. In addition, tiers apply only to forex, with all account types paying similar spreads and/or commissions when trading CFD or spot instruments. Several pages not properly linked to the main site announce the availability of cryptocurrency trading but our reviewer found no contract, spread, or fee information. The broker lists an impressive variety of well-documented account types that cover nearly all trading styles and objectives.

😊 We are pleased to hear that our flexible leverage options have met your needs as a trader. We strive to offer our clients a range of leverage options to suit their individual trading strategies and experience levels. We do understand that higher leverages require a greater level of trading experience and risk management skills, and we always advise our clients to use leverage responsibly and carefully.

It’s always important to us that a platform has a great range of accounts. Even if it’s just something as simple as a demo account and a real account, as long as there’s a variety to choose from. IronFX does go all out when it comes to providing some great trading accounts. The broker’s account diversity is impressive, with a tiered structure that includes floating vs. fixed and commission vs. no commission fee schedules. They round out their services with a variety of professional accounts, introducing broker branding and a portfolio management program. They recently added cryptocurrency coverage to a broad selection of forex, spot, and CFD trading products.

Traders can withdraw money via Visa, Mastercard, China Union Pay, Wire Transfer, BitWallet, FasaPay, Digital Assets, IronFX Card, and Perfect Money. CFD Leverage allows you to avoid paying the full value of the position. Instead, you pay a deposit, which is called margin, while the remaining funds are borrowed.


IronFX also offers trading tools and educational resources which have helped me to improve my trading skills over time. IronFX WebTrader – This is the in-house trading platform offered by IronFX, and requires no download or software installation. All it takes is a few minutes and you’ll be ready to trade. Traders get full access to the range of financial services on offer from IronFX. IronFX does offer bonuses to traders, T&Cs apply, including the Unlimited 100% Sharing Bonus, the 40% Power Bonus up to $4,000 and the 20% Iron Bonus up to $2,000. The trader cannot withdraw the bonus amount (i.e. the amount of the bonus can be used to trade with) and the bonuses are only available to traders who deposit $500 or more.

Before making your first withdrawal, you need to make sure that your identity is verified. For example, this may be your driver’s license or passport. Hello GunnTek, We are so glad to see that we have met your expectations! 😃😃 Thank you for this review and happy trading on IronFX! IronFX fails to provide phone support or access to the finance department. The STP/ECN base currencies are USD, EUR, and JPY, except for the No Commission account, where IronFX lists Bitcoin despite not supporting cryptocurrencies as a deposit method.

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