About its history and mission
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
- Headquarters
- Address
- Website
Strengths and Weaknesses
Strengths
- 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
Weaknesses
Safety and Regulations
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.
Regulators
- ASIC
- FCA
- BMA
- CySEC
Instruments Available
Types of Accounts
Standard
- Minimum deposit
- $0
- Commission
- 1.6
- Available tools
- 0
- Leverage
- 1:1 to 1:1000
- Margin call level
- 100
- Stop-out level
- 20
Premium
- Minimum deposit
- $0
- Commission
- 1.4
- Available tools
- 0
- Leverage
- 1:1 to 1:1000
- Margin call level
- 100
- Stop-out level
- 20
VIP
- Minimum deposit
- $0
- Commission
- 1.2
- Available tools
- 0
- Leverage
- 1:1 to 1:1000
- Margin call level
- 100
- Stop-out level
- 20
Live Zero
- Minimum deposit
- $0
- Commission
- 0.0
- Available tools
- 0
- Leverage
- 1:1 to 1:500
- Margin call level
- 100
- Stop-out level
- 50
No Commision
- Minimum deposit
- $0
- Commission
- 0.9
- Available tools
- 0
- Leverage
- 1:1 to 1:500
- Margin call level
- 100
- Stop-out level
- 50
Zero Spread
- Minimum deposit
- $0
- Commission
- 0.0
- Available tools
- 0
- Leverage
- 1:1 to 1:500
- Margin call level
- 100
- Stop-out level
- 50
Absolute Zero
- Minimum deposit
- $0
- Commission
- 0.0
- Available tools
- 0
- Leverage
- 1:1 to 1:500
- Margin call level
- 100
- Stop-out level
- 50
Fees and Charges
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.
Trading Platforms
Customer Support
Contact information not available. Visit the broker’s website for support options.
Deposits and Withdrawals
Deposit and withdrawal details not available. Check the broker’s website for the latest payment methods and processing times.
FAQ
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?
Users 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