offer one way to trade: .
To open a live account, you’ll need a minimum deposit of at least $. Alternatively, offer a demo account that you can use to practice and familiarise yourself with their platform.
Regulated by . puts all client funds in a segregated bank account and uses tier-1 banks for this. have been established since , and have a head office in .
Before we dive into some of the more detailed aspects of ’s spreads, fees, platforms and trading features, you may want to open ‘s website in a new tab by clicking the button below in order to see the latest information directly from .
Full disclosure: We may receive a commission if you sign up with a broker using one of our links.
What are 's spreads & fees?
The spreads displayed below are based on the minimum spreads listed on ’s website. The colour bars show how competitive ’s spreads are in comparison to other popular brokers featured on BrokerNotes.
EUR/USDNot offered $ per lot
The average spread for EUR/USD across all brokers on BrokerNotes is 0.00 pips. See popular brokers for trading EUR/USD
USD/JPYNot offered $ per lot
The average spread for USD/JPY across all brokers on BrokerNotes is 0.00 pips. See popular brokers for trading USD/JPY
GBP/USDNot offered $ per lot
The average spread for GPB/USD across all brokers on BrokerNotes is 0.00 pips. See popular brokers for trading GBP/USD
The average spread for Bitcoin across all brokers on BrokerNotes is 0.00 pips. See popular brokers for trading Bitcoin
The average spread for gold across all brokers on BrokerNotes is 0.00 pips. See popular brokers for trading gold
The average spread for DAX30 across all brokers on BrokerNotes is 0.00 pips. See popular brokers for trading DAX30
Example: How much would it cost to trade 1 lot of EUR/USD?
If you were to buy one standard lot of EUR/USD (100k units) at an exchange rate of 1.1719 and then sell it the next day at the same price you could expect these fees:
|Typical overnight fee:||$0.00||$0.00||$0.00|
|Total cost of a 100k trade:||$0||$0||$0|
|+$0.00 more||+$0.00 more|
All fees/prices are for informational purposes and are subject to change. Last updated: 17/11/2017.
What instruments can you trade with ?
|FX / Currencies|
|# of forex pairs offered|
|Major forex pairs|
|Minor forex pairs|
|Exotic forex pairs|
|# of commodities offered|
|Indiced & Stock CFDs|
|# of Stocks offered|
What's the trading experience like?
1) Platforms and apps
also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you‘re on the move.See 's platforms
2) Executing Trades
allow you to execute a minimum of trade of . This may vary depending on the account you open. allow you to execute a maxium trade of .
As with most brokers, margin requirements do vary depending on the trader, accounts and instruments, but as a guide, offer margin up to % on currencies.
Finally, we‘ve listed some of the popular funding methods that offers its traders on the right.
3) Client support
support a limited number including
A Review & Guide to Trading with IronFX
Founded in 2010, IronFX is considered to be one of the leading online Forex trading platforms. The first primary benefit of this firm is that more than 60 offices are located around the world and no less than 45 different languages are spoken. IronFX is also regulated by a number of governmental agencies such as:
- Financial Conduct Authority (United Kingdom)
- CySEC (Cyprus)
- ASIC (Australia)
- FSP (New Zealand)
Additionally, IronFX is a full member of the Eurex exchange and likewise complies with the MiFID. What are some of the most important features to consider when examining this platform in a bit more detail?
IronFX is seen as one of the most versatile Forex portals in existence. This arises from the fact that numerous trading platforms are available. These include their own proprietary Web Trader system, the respected Meta Trader 4, A Personal Multiple Account manager (PMAM) and a multiple terminal system for those who wish to oversee several trading accounts within a single screen. It should also be noted that IronFX provides services for mobile devices. The systems that are currently accommodated include:
- PDA devices
These levels of versatility are indeed impressive and are some of the primary reasons why Forex traders are attracted to this portal.
The ability to leverage one’s position is an obvious benefit to any Forex trader. IronFX offers levels of 1:500 in regards to instruments such as Forex, CFDs and stocks. Of course, clients can choose the amount of leverage that they wish to employ. It must be noted here that leverages as high as 1:500 carry a great deal of financial risk and should only be undertaken by those with a considerable amount of experience within the industry. These ratios are nonetheless quite impressive in relation to similar Forex brokers.
IronFX offers a handful of benefits to clients of all sizes. Besides the previously mentioned mobile trading capabilities, customers can also enjoy one-click trades, automated orders, swaps (overnight interest rates) and hedging. For those who are interested, this is one of a handful of portals where scalping IS allowed. Both fixed and variable spreads can be chosen while there are five digits quoted “after the dot” (many brokers only offer four).
Trading Platform Options
Many users will choose to employ the clarity and insight provided by Meta Trader 4. This system is highly intuitive, executes orders with negligible lag time and provides online news, charts and activity reports.
However, a powerful (and nearly equal) alternative can be seen in the proprietary WebTrader software package developed by IronFX themselves. Note that the WebTrader is based within the browser; there is no need for it to be downloaded.
Finally, their smartphone trading variant directly mirrors the WebTrader system designed for the PC. It needs to be remembered that the efficacy of any of these platforms will also depend upon one’s available system memory as well as the Internet connection speed.
For those who are interested in trying out IronFX before making a final decision, another massive benefit is that a free demo account is available. Unlike some other competitors, this account can be used for an unlimited amount of time and all trading platforms can be accessed. This will enable a novice to accurately discover which system may be the most appropriate for him or her.
IronFX provides users with the choice of four different accounts. These are known as:
An ECN account requires a minimum of $500 dollars to be activated. Variable spreads are used and the average spread offers 1.7 pips. The minimum position size is 0.1 lots.
Their Premium variant requires $2,500 dollars as an initial outlay. The spreads here are fixed while being narrowed to 0.7 pips (worth noting). Leverages of up to 1:500 are standard (as within all of the accounts).
VIP accounts can be obtained with $20,000 dollars or more. The spreads here have been further diminished to only 0.2 pips and once again, they are fixed. The primary difference between the Premium and VIP accounts therefore revolves around the spread levels.
Finally, a Micro trading account can be opened for $500 dollars. Spreads are fixed and their levels have increased to 1.1 pips (still below the 1.7 associated with the ECN account). Scalping is encouraged within this variant.
Summarily, all accounts provide access to 120 currency pairs. This is actually considered to be one of the highest available. Leverages are all equal at 1:500 and mobile access is likewise offered as a standard amenity.
IronFX is said to have one of the most robust client support databases in the industry. It is available in numerous languages and currently, these methods include:
- Live chat
These are some of the hallmarks of IronFX. Perhaps the only noticeable drawback is that at a minimum of $500 dollars to open a basic account, those with limited funds may find the service inaccessible. Still, this is one of the leading online Forex brokers in today’s competitive marketplace.
Want to see how IronFX stacks against other brokers?
See a list of brokers to compare IronFX with below:
CFDs are leveraged products and can result in the loss of your capital. All information collected from on November 21, 2017.