Overview
IronFX was founded in Cyprus in 2010 with the aim of creating an optimal environment for retail and institutional customers. The operation has since become a well-known brand within global circles, seen by its clients as an entry point to assorted financial markets.
- Founded
- 2010
Strengths and watchouts
- Wide range of tradable instruments
- Diverse accounts
- Excellent research and educational materials
- Fast order execution
- Lack of diversity in platform choice
- Phone support is only available for active clients
Watchouts are not yet documented for this broker. Review fees, regulation and account terms before opening an account.
Safety and regulation
IronFX is regulated by the Cypriot Security and Exchanges Commission (CySEC), Financial Conduct Authority (FCA) in the United Kingdom, and Australian Security and Investments Commission (ASIC). Their principals include safeguarding funds in top-tier banks separated from traders' capital by providing negative balance protection, a measure to prevent accounts from ending up owing more than the initial amount deposited.
- ASIC
- FCA
- BMA
- CySEC
Between 70% and 85% of retail investor accounts lose money when trading CFDs with most regulated providers — the exact figure for any specific broker is published on that broker's own website. Consider whether you understand how these instruments work and whether you can afford the high risk of losing your money.
Markets available
- Forex
- Commodities
- Share CFDs
- Indices
- Futures
- Cryptocurrencies
Account types
| Account | Min deposit | Commission | Leverage |
|---|---|---|---|
| Standard | $0 | 1.6 | 1:1 to 1:1000 |
| Premium | $0 | 1.4 | 1:1 to 1:1000 |
| VIP | $0 | 1.2 | 1:1 to 1:1000 |
| Live Zero | $0 | 0.0 | 1:1 to 1:500 |
| No Commision | $0 | 0.9 | 1:1 to 1:500 |
| Zero Spread | $0 | 0.0 | 1:1 to 1:500 |
| Absolute Zero | $0 | 0.0 | 1:1 to 1:500 |
Fees and costs
IronFX has 0.0 pips as a start for low prices on their accounts. Commissions depend on the account specifics, but low spreads are sometimes available on some accounts. Have such a feature which you can exercise by holding an asset till the next day - that too with a transparent fee structure for swap. Swap charges do not apply to Islamic accounts. Site-based blockages are also fixed to acknowledge the raising of charges due to continued service interruption.
How we reviewed this broker
Each broker review documents the broker's claimed regulators, cross-references them against the public registers (FCA, CySEC, ASIC, FSCA, BCC and others), and notes any divergence. Where a regulator has issued a public advisory, the URL is cited inline so a reader can verify it directly. Tradable instruments, account types, and fees are sourced from the broker's published disclosures or documented as unavailable. The full scoring methodology is public.
Read the full methodology →Frequently asked questions
Does the broker have jurisdiction?
What trading platform options are available?
How low is the least necessary starting deposit for opening an account?
What kind of account does the broker offer?
Which are the fees and commissions levied on the broker?
What is the maximum leverage?
Does the Broker provide a demo account?
How can one contact the support service?
Reader reviews
Vince
Dec 31, 2024
IronFX has proven to be quite problematic when it comes to handling withdrawals. I initially opened an account with them over five years ago, depositing $300 to take advantage of their trading bonuses. After some time, I decided to withdraw my funds. Unfortunately, I lost my credit card, and the process of getting my money back became unnecessarily complicated. It took numerous emails and phone calls before they finally transferred the funds to my bank account, and this took several months. I left $100 in my account, thinking I might return to trading someday. A few years later, I opted to withdraw this remaining amount and submitted a withdrawal request. However, I completely forgot about it until more than a year later, only to realize I had never received the funds. When I contacted their customer service, they repeatedly directed me to email the department responsible for processing refunds. Despite sending multiple follow-up emails, I never received any response. It seems they are quite eager to assist when you are depositing money, but once you want to withdraw, the support is lacking. My experience has left me feeling frustrated and disappointed with their service.
Mohammed S.
Dec 30, 2024
I decided to set up a Fixed Zero Spread account with IronFx, so I reached out to their customer support via email. The next day, a representative got in touch with me. I inquired about the possibility of deal cancellations at their company. The agent confirmed that it does occur frequently, which was quite surprising to hear.
WayneG
Dec 29, 2024
I am currently working with IRON FX, and the service from my Account Manager has been exceptional. He and his team consistently go the extra mile to secure the best deals for us, and their support is outstanding. We're all aligned with the shared goal of achieving success for everyone involved.
Showing 1–3 of 10 reviews