ᐅ IronFX Review & Rating 2023 » Is IronFx Scam or Legit?

We have an IronFX review to guide readers to find out more about the broker. Like other brokers, IronFX makes money from mainly spreads & commissions from the registered money makers. Besides, they arrange webinars, seminars and web-based training program regularly. For newbies, there are lots of resources uploaded to their website so that a new trader can train him/her by own selves. And if you are a non-English speaker, you can also be hassle free because the official site of IronFX is multilingual and supports dozens of languages.

As you slide through the bonus offers, you’ll be greeted by many more colours – navy, green, dark blue, that are all easy on the eyes. The website itself is easy to get a hang of, everything is presented simply. It’s exactly what it sounds like – whatever you deposit, you get a 20% booster to go with your forex investments.

This website is using a security service to protect itself from online attacks. The action you just performed triggered the security solution. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. IronFX is part of the well known and long established IronFX broker brand which has bases around the world, but IronFX has some differences with IronFX elsewhere in the world. Hello GunnTek, We are so glad to see that we have met your expectations!

Is IronFX a Legit Broker, and Should I Invest In It?

It will allow you to check if they offer what you’re looking for and what you can trade. Each chart could be displayed as a bar chart, a candlesticks chart, and a line chart. While candlesticks are generally more popular among traders as there is an abundance of candlesticks patterns used to make trading decisions, other types of charts also have their fans. Despite the fact that IronFX received a below-average score in the Education category, beginner traders would benefit from the educational webinars available in multiple languages. High spreads for several instruments had a negative impact on the score.

The VPS hosting from IronFX includes low-latency trading servers at an affordable price, allowing you to make trades faster and more securely. First, you need to go to IronFX’s official website and click the “Register” button at the top. This will take you to a form where you can enter your personal details, such as your name, address, email address and other background details including knowledge and experience. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located. IronFX opened for business in Cyprus in 2010 and has now expanded into more than 180 countries.

• Trading Brokers is dedicated to bringing you unbiased broker reviews, the latest broker news and trading guides to help you along your trading journey.
• Fees apply for some of the methods, and there are also minimum and maximum amounts that apply.
• The desktop and mobile trading experience are provided through the MetaTrader 4 and MetaTrader 5 platforms, which is as robust and stable as we have come to expect.
• IronFX are renowned for their high-quality trading execution which they consistently look to improve by investing in technology advancements.
• It may also contain a short video or some technical analysis.

We are happy to hear that your overall experience with us was a good one. This is why they are offering great courses and proper promotions. Your job as a trader to take advantage of what is offered to you and enhance your skills as a trader. IronFX has a rating of 3.94 stars from 55 reviews, indicating that most customers are generally satisfied with their purchases.

What is a demo account?

We’re committed to providing comprehensive and useful educational materials, and your feedback is important to us. If there’s anything specific you’d like to see in our educational offerings, please don’t hesitate to reach out. We appreciate your support and look forward to serving you in the future. IronFX provides very pleasant conditions on ECN types of accounts.

After looking for weeks at all of the different brokers, I finally settled with this one. My bitcoin withdrawal took no time at all which was great since there are other places that it takes days. They are not just providing a business to take spreads and commission. They actually want you to have a chance of making money in the markets. We aspire to speak to each and every one of our traders in their native language, help them feel at home and address all their queries in an efficient and stress-free manner.

However, you’d have to be inactive for a year or over to warrant this, so they give you plenty of ironfx review to work with their platform. Our IronFX review appreciates the variety that IronFX brings to the table with their accounts. On the search for a trading platform that gives you both variety and flexibility?

At the same time, it should be noted that the information about all company’s entities is not readily available on the IronFX website. To learn about other entities, traders should go to the Notesco website. IronFX has entities regulated by Tier 1 regulators , a Tier 2 regulator , and an unregulated entity registered in Bermuda. All entities hold their client’s funds separately from the company’s funds and offer negative balance protection.

Is trading software has a mobile version?

The web interface gives https://forexhero.info/ access to the range of financial services on offer with IronFX. IronFX offers MT4 demo accounts, and I like the absence of a time limit on the demo accounts. It presents traders with an ideal environment to test EAs and new strategies. I want to caution beginner traders about using a demo account as an educational tool. It can create unrealistic trading expectations, and the absence of trading psychology negates the educational value.

This is quite a wide range of trading platforms to choose from, and most traders will be able to find one that will suit their needs. IronFX has a minimum deposit of $50, which is good for beginner traders. IronFX received a high score in the Deposit and Withdrawal category in our rating.

Does IronFX Give a Welcome or Deposit Bonus?

It is very user friendly with an abundance of implemented trading tools for efficient markets analysis and trade management. MT4 has a short learning curve whilst there are plenty of online tutorials that can help to familiarise new users to the platform. Clients are supported in over 30 languages, 24/5, and can access their personal trading account from MT4 on desktop or trade on the go. In addition, the broker offers daily, updated educational and market news delivered by a multi-lingual professional research team.

We strongly suggest choosing a broker that has gained a high score through excelling in all departments instead. To learn more about how we test and recommend brokers, read our methodology. Per the information provided at the CySEC unit, bank wires are not available for withdrawals. IronFX fails to provide phone support or access to the finance department. A Personal Multi-Account Manager is also available, which appears to be an in-house version of the MT4 Multi Account Manager and the Percentage Allocation Management Module . A user guide walks interested clients through this product, intended for retail portfolio management.

Their team includes market analysts, risk management experts, client business solution specialists and computer software developers. When it comes to the experience of actually trading on the platform, the experience is very much industry standard. The desktop and mobile trading experience are provided through the MetaTrader 4 and MetaTrader 5 platforms, which is as robust and stable as we have come to expect. IronFX is a foreign exchange trading company whose base is Cyprus.

• Thank you so much for taking the time to share your feedback.
• It presents traders with an ideal environment to test EAs and new strategies.
• IronFX’s educational materials are limited compared to other large international brokers.
• In general, the more you deposit, the lower the commission will be.
• IronFX Academy provides impressive educational features for smaller and less-skilled traders.

ECN means “electronic communication network”, when the network is used to match orders between buyers and sellers. A hybrid STP/ECN model is a combination of STP and ECN, which improves customer service. The mobile app does not provide all the options offered by the desktop version, but it is sufficient enough to satisfy the needs of traders who must make their decisions on the go. The app is intuitive so traders should not have problems with it.

CFDs are financial instruments that allow traders to bet on securities without owning the underlying securities. The key advantage of CFDs is the access to significant leverage, which is typically not available when trading other instruments. In this light, CFDs are very popular in short-term trading. This selection of options is more than sufficient enough for mobile-based trading. Typically, the mobile app is used when the trader does not have access to the desktop platform but needs to monitor the market and open positions. While the app is helpful in certain circumstances, it cannot beat the speed of work that could be achieved using the desktop platform, which is the primary solution for active trading.

The STP/ECN accounts use STP to connect traders with liquidity providers through the broker’s ECN and offer variable spreads. The Live Floating/Live Fixed accounts provide Variable or Fixed Spreads and overall have a lower minimum deposit and offer higher leverage . Hi Rafiee, Thank you for taking the time to share your positive feedback!

All withdrawal requests from a trading account will be funded to a bank account or source in the trader’s name. Click on the ‘Register’ button and register your email address and password. Additionally, traders need to select the account type, base currency, bonus, and level of leverage.

IronFX does not provide withdrawal processing times, but many traders complain about issues here. Not all deposit methods are available to all traders, with availability of services dependent upon geographic location. Traders will conduct all financial transactions from the secure back office of IronFX. The deposit and withdrawal options remain notably limited, as outlined on the website of its Cyprus subsidiary.

In case of a fast breakout, the limit order may be used as an “upgraded” market order when the limit price is placed above the current market price. The swap fees for EUR/USD are medium, while the swap fees for GBP/JPY are low. Please note that there is a major difference between swap long and swap short rates in the instruments we measured.

The IronFX School has absolutely everything under the sun, and that’s why we feel the need to point it out in our IronFX review. Its attention to detail and educational ability is fantastic, and we believe there are very few places you can learn how to trade than at the IronFX School. They also have deposit insurance, ensuring that you state your name and provide legal documents, as well as direct deposit funds through a registered source to ensure it’s a legitimate deposit. IronFX does not charge anyone for setting up an account, or for any kind of deposit.