IronFX Review 2024 Trade with an award-winning CFD broker

IronFX recently strengthened its educational tools by introducing the Academy. Home to a breadth of content presented in courses, webinars, videos, podcasts and eBooks, it offers a complete trading experience for traders of all levels. IronFX remains a good choice for experienced forex traders looking to trade with fixed or floating spreads. The range of 80+ currencies is more than many competitors and there are some excellent forex market research tools on offer. Traders should also consider potential third-party processing costs and currency conversion fees. Only verified trading accounts can deposit and withdraw, and the name on the payment processor must match the IronFX account name.

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Some payment processors have geographic restrictions, but the IronFX back office will only list the ones available to traders. Traders can open an IronFX account via the online application form, which follows well-established industry standards. It asks for name, e-mail, phone number, country of residence and knowledge and experience. The application also asks traders to select their account type, base currency, followed by the desired password for the back office. Some options depend on the geographic location and account type.

IronFX Broker

???? It’s a pleasure for us to see that you are enjoying our platform! We at IronFX aim to provide the best services to all our clients! That fact that I can use here anything I want is captivating to me. After completing registration and passing through identity verification, I started to trade on the demo.

Detailed Broker Information

  1. IronFX is an award-winning global online trading broker that offers STP/ECN services to retail and institutional investors alike.
  2. To put bluntly you have done your money and when you complain you get a call no it can’t be stopped but if you deposit some you may get a profit.
  3. The range of 80+ currencies is more than many competitors and there are some excellent forex market research tools on offer.
  4. PayPal has become a popular funding option for many forex traders – find out which brokers support it as a payment method by reading our PayPal guide for forex traders.
  5. Client security is a key aspect of the groups philosophy with client funds being held in segregated accounts in accordance with strict policies and procedures, separate from their own funds.

Depending on the trading strategy, it may become the most significant fee per trade. I always recommend that traders check them before evaluating the total trading costs. It is probably the best thing trading brokers can approach on their daily basis.

Between 74% and 89% of retail investor accounts lose money when trading CFDs. When I first started using this platform, I found the conditions really favorable to me, starting with the minimum deposit being affordable, low spreads, and really good asset combinations with good leverage too. Everything was really going well for me and I was making good money.When I wanted to withdraw, it was a smooth process as well. There are many payment methods available and they are reliable and quick. They all have their peculiarities, but the overall experience with the broker’s withdrawal systems is great.

IronFX continues to offer a strong selection of 80 currency pairs. You can trade through the market-leading MT4 platform with a range of forex market research tools. That said, commission charges in the zero-spread accounts are high, starting from $13.50 per lot.

They provide no guaranteed stop-losses but negative balance protection is now mandated under ESMA rules. Secondary security features are unimpressive, with standard encryption at the website and no two-tier platform authentication beyond Metatrader’s one-time passwords (OTP). IronFX was set up in 2010 by a team of finance and software ironfx review experts. Today, the company employs more than 450 people and has created a solid reputation as a trusted and reliable broker. Its 200+ instruments and multiple platforms are accessible in 180+ countries with 50,000+ retail traders worldwide. While IronFX offers sizable first deposit bonuses, that bonus money cannot be withdrawn.

Compare IronFX with the top 3 similar brokers that accept traders from your location. The MetaTrader 5 platform is not currently available at IronFX. Instead, customers have access to the MetaTrader 4 platform. With that said, the brokerage does have plans to introduce MT5 in the future. Note that while users may be able to trade 24 hours a day, spreads are less competitive during periods of low liquidity.

If you have traded with IronFX we would really like to know about your experience – please submit your own review. Expert Advisors (EAs) are supported on the MetaTrader 4 platform, so automated trading is possible. The broker launched TradeCopier with which traders can either register as Strategy Providers, get copied and earn a performance fee or as Strategy Followers, where they can copy top-performing strategies and get rewarded. Payments typically take up to 24 hours, though wire transfers may take up to five business days. Traders can use the free MT4 download to install the platform on desktop devices, including Mac. Alternatively, you can trade directly through MetaTrader’s WebTrader.

Better still, begin your experience with a demo account before you decide to invest large sums of money. Metatrader 4 and 5 for Android, iOS, and Windows Mobile provide easy integration with desktop and tablet versions. They also offer the free IronFX Research app, which has no trading functions.

The minimum deposit required to open an account is only $100 which is great when you consider the industry leading trading platforms and conditions they offer. Overall, IronFX is a very well established and reputable trading broker that serves all types of traders from around the world. They give you convenient access to a generous range of trading instruments across multiple markets.

If I decide to use a different strategy that would be best with a different set of trading conditions, trade execution, spread and leverage, I can simply create an account that fits my demands. IronFX is a strong all-round broker with a reliable platform, low fees, high leverage, and a selection of welcome bonuses. Traders can also get started with a $100 minimum deposit while the group has good reviews from other users online.

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