IronFX Review

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Company information   IronFx was formed back in 2010 in Cyprus and has been gaining reputation and customers ever since. IronFX is a forex company, which operates over 55 offices… more

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Website URL
HeadquartersLondon, United Kingdom
Support Number+44(0) 203 282 7777
Support TypesPhone, Live Chat, E-mail
LanguagesEnglish, Arabic, German, Spanish, Hungarian, Japanese, Romanian, Polish, Slovak, Czech, French, Italian, Korean, Portuguese, Russian, Chinese
Minimum 1st Deposit$500
Minimum Trade Amount0.01 lots
BonusUp to 100%
PayoutUp to 500:1
Free Demo AccountYes
Regulated Yes
RegulationFCA, CySEC, ASIC
Account TypesMicro, Premium, VIP
Deposit MethodsVisa, MasterCard, Maestro, Bank Wire, Skrill, Neteller, WebMoney, Qiwi, M.O.T.O
Withdrawal MethodsVisa, MasterCard, Maestro, Bank Wire, Skrill, Neteller, WebMoney, Qiwi, M.O.T.O
Types of AssetsForex, Spot Indices, Spot Metals, Spot Commodities, Futures, Shares
Account CurrencyUSD, EUR, GBP, AUD, JPY, CHF, PLN, RUB, HUF, CZK
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes

Full Review

  1. Company information


IronFx was formed back in 2010 in Cyprus and has been gaining reputation and customers ever since. IronFX is a forex company, which operates over 55 offices worldwide, more than 1800 employees; availability in over 180 countries and a client support in over 46 various languages. Aside from Forex, people can trade with spot metals and CFDs for UK and US commodities and stocks. The website is among the top 55000 most visited sites in the world, meaning the broker is well-known and trusted by a lot of people. There are numerous negative reviews on the Internet, including ones with information about denied or slow payments. However, the contrary opinions are mixed with those of very satisfied customers. Aside from the public opinion, IronFX is licensed and regulated by a vast number of authorities and professional bodies. Among some of the regulators are the Cyprus Securities and Exchange Commission, known as CySEC; AFM; Banque De France, CNMV, CMVM, Investors’ Compensation Fund and CFSFA.

IronFX is also very proud of their partnership agreement with Barcelona FC. After all, being an official sponsor of such a successful football team is a big achievement by itself. If this does not matter to you, the many types of accounts and high spreads and leverages most certainly do. The strong customer support and bonus offers should make your stay more than awesome.

The website of IronFX is very clean and minimal – the only colors are white, a bit of red and even less green. Elements are easy to find, and user experience is great. Aside from the usual, you can find various daily analysis, webinars, seminars and commentaries on a large number of topics. Aside from trading, you can do some learning and improve even more.


  1. Trading Information


IronFX offers a variety of instruments for trading. Most legitimate Forex companies are limited to stocks and CFDs, but IronFX offers open trades for CFDs, commodities, spot metals, stocks, oil, gold, and indices. You can usually find Forex leverage around 300:1 or 400:1. IronFX beats many competitors in this regard – the maximum Forex leverage you can get with the company is 500:1. Aside from the leverage, you can make use of scalping and hedging. The minimum trade size is limited to 1000. Another crucial feature of every Forex website are the Forex majors spreads. With IronFX, you can get 1.7 pips on EUR/USD, 2.2 pips on GBP/USD and 1.5 pips on USD/JPY. The betting options offered to customers are excellent and most traders will be more than content with them.


  1. Trading Platforms


One of the most important features of any Forex broker is the trading platforms. As you know, most companies offer MetaTrader 4 and 5 and some of them sport a unique, self-developed platform to complement the picture. This is precisely the case with IronFX, too. MetaTrader 4 is freely available for the web, Android, and iOS. With MT4, you can follow your instruments trades and view news and various activity reports. MT5 is also available for Android, iOS, and Windows platforms. MT5 uses MetaQuotes and is different from MT4 because of its one-click-trading, the ability to set various trading signals and alerts and the technical analysis you can view. Last, but not least important, is the IronFX Webtrader 4. The trader is available on Windows and Apple OSX platforms. Aside from all the traditional aspects of conventional trading platforms, IronFX Webtrader 4 offers full access to a variety of multi-product trading accounts, activity reports, and some online news. The platform also allows executing all approved trade types.


  1. Security and Customer Service


IronFX is one of those companies who care about customer and data security. But aside from the connection used, you can find a whole page, full of regulations and licenses. The broker is registered in more than ten legal organizations, licensed by CySEC and is a member of some other various bodies. All of these registrations mean that the broker is very well regulated and secured. If this information is not enough, you can go to their page and read more about every registered body. You can see the country, some information on the organization and more.


Regarding customer support, you can rest assured that IronFX got it covered. Customers can contact the department in several ways – live chat, e-mail, telephone, and call-back. You can expect answers within minutes, sometimes hours. The support is available 24/7, every day of the year. The support is also available in over 45 different languages, which covers the majority of countries in the world. All in all, they work hard, they work fast, and you are guaranteed a quality service when you need it the most.


  1. Deposits and Withdraws


Depositing and withdrawing is a breeze with IronFX. You can use a variety of cards, e-wallets like Skrill, Neteller, Webmoney, Qiwi and others.  The minimum deposit you can make is $500, with no maximum as far as I can tell. Withdrawal times depend on the channel used and sometimes on the sum of money. If you trade fair and don’t cheat, you have nothing to worry about.


  1. Deposit Bonus and Loyalty Programs


IronFX has a huge number of bonuses and promotions available for all customers. You can get a 100% sharing bonus up to $10000 and a 40% power bonus up to $4000. Customers can also make use of various live trading and demo trading competitions to win cash prizes. You also have cash rebate bonuses, refer-a-friend bonuses, free iPhone and iPad competitions and some VIP accounts. In the end, trading is what matters, but the special offers make it so much fun to participate in the world of Forex!

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