IronFX | Online Forex Broker Review

IronFX online broker     Open an Account

IronFX is one of the best online forex brokers offering its services to trade a range of tradable instruments including stocks, metals, indices, shares, forex, futures and commodities. The broker was founded in 2010 and is headquartered in Limassol, Cyprus. It accepts customers from almost all parts of the world excluding some jurisdictions such as Iran, Sudan, Cuba, North Korea, Syria and the USA. The broker offers different types of accounts and trading platforms making customers choose the one suits their needs. Considering the security of client’s funds, the broker holds them in segregated bank accounts with investment grade-A banks. The broker ensures that client’s sensitive information is also protected using SSL HTTP web protocol. It has multiple regulations across the globe. The company offers a variety of deposit and withdrawals methods such as card payments, e-wallets, bank transfers, etc.  The broker provides excellent customer support in multiple languages.

IronFX online Forex broker

As mentioned earlier, the broker is fully authorized and regulated in different regions of the world. In the UK, it is regulated by Financial Conduct Authority (FCA), offering a 1 Million GBP insurance. In Australia, South Africa, and Cyprus, the broker holds regulation from Australian Securities and Investments Commission (ASIC), Financial Services Board (FSB), and Cyprus Securities and Exchange Commission respectively.

IronFX regulation

Tradeable Instruments And Trading Tools
Clients can trade a range of tradable instruments at IronFx. The list of tradeable instruments includes forex, metals, stocks, indices, futures, and commodities. The broker also offers various trading tools such as updated forex market hours, IronFX apps, trading calculators and user’s dashboard to their clients to equip them for purposeful trading. To view the complete list of tradable instruments, traders can follow the link

Types Of Accounts And Minimum Deposits
There are multiple types of accounts offered at IronFx.

Micro Account
It is offered to traders having limited funds available. The minimum amount required to be deposited in the account is $100 only. The broker provides both fixed and floating spreads in the account. Clients are free to choose any of them. There are ten base currencies available to trade in the account and traders are allowed to trade micro lots. A dedicated account manager with 24/5 customer support is also available for traders holding micro accounts.

Premium Account
Traders with surplus funds available are offered a premium account at IronFX. A minimum of $2500 deposit is required to open a premium account with the broker. All other services are same as that of micro account.

VIP Account
It is a special type of account reserved for traders wishing to invest big capital. Traders are required to deposit a minimum of $20,000 in the account to get started. The account is available in USD only. Traders are allowed to trade mini lots and to choose fix or floating spreads. A personal account manager is also available to assist traders. Customer support is offered round the clock for VIP traders.

STP/ECN Account
Traders who do not wish the broker to interfere their positions are offered to open an STP/ECN account. Traders need to deposit minimum $500 to open the account. The broker offers competitive spreads starting from as low as zero pips. A generous leverage up to 1:200 is also available for traders. A facility to trade micro lot is also available in the account.

Zero Fixed Spread Account
As the name suggests, it is the type of account where traders are offered a fixed spread of zero pips. All other facilities in the account including the requirement of minimum deposit amount are same as that of STP/ECN account.

As the name suggests, Zero commission free and raw spreads with 0 Markup. You can start trading with spreads as low as 0.0 pips on selected pairs*. Choose to trade the most liquid asset class in the world or spot metals with no currency exposure.

Enter the world of crypto currencies with tight market spreads and low trading commissions. Trade BTCUSD (Bitcoin/US Dollars), the most popular digital currency.
Bitcoin can also be used as a base currency to trade with. In future we will have 10 different Altcoins.

Demo Account
The broker also offers its clients a facility of demo account. Clients can open a demo account to practice their trading skills and learn new money management strategies without putting their real money on stake. Once clients become confident enough, they can switch the account to real mode to go live and make some real cash.

Open a Demo Forex Account for Free

Bonuses & Promotions
IronFX is running a promotional campaign which includes the lowest spreads for VIP account holders, free VPS hosting and a customized IronFX card. The broker also holds competition almost every year for demo and live account holders. To know complete details of bonuses and promotions, Click Here

Trading Platforms
The broker offers multiple trading platforms to its clients.

MetaTarder4 - MT4
Clients can do active trading by using a well know multi-terminal trading platform MetaTrader4 at IronFx. It offers clients to manage multiple accounts. Traders can monitor prices of different financial instruments live. Activity reports and live charts are also available at MT4. It is a downloadable trading platform compatible with almost all Operating Systems and different versions of windows. Traders can also download supported app of MT4 for their windows, iOS, and android based mobile phones and tablets.

Personal Multi Account Manager - PMAM
Traders can also use PMAM at IronFX. The main features of personal multi-account manager trading platform are listed below.
•    It offers traders one-click trading
•    It offers traders to manage unlimited accounts
•    It allows users to create as many funds as they wish
•    It allows traders to place an order, open or close a position and extract live activity reports.
•    It is compatible with Windows 98 or higher.

The broker also offers its internally generated web-based trading platform to its clients. Traders are not required to download it on their PC. Instead, it can be accessed online using a computer or any supported device connected to the internet. It also has some key features that are listed below.
•    It can be synchronized to MetaTrader4
•    It is based on modern HTML5 technology that doesn’t require any additional add-ons or plug-ins.
•    It is securely encrypted, therefore, safe to use.
•    It supported browsers includes IE-11, Firefox 34, Safari, Chrome 43, and Opera 32.
Traders have the opportunity to add the advanced version to the MT4 with additional features. It has some more key features that are listed below:
•    Orders, positions, equity and exposure online management.
•    Live monitor for prices of financial instruments.
•    Advanced Charting
•    Online Streaming News
•    Activity Reports

Spreads & Commission
As discussed above, the broker offers both fixed and floating spreads to its clients. The spreads start from as low as zero pips. To give traders an idea about fixed and floating spreads offered in different accounts at IronFX, we have posted some tables below.

Floating Spreads

IronFX floating spreads

Fixed Spreads

IronFX fixed spreads

Account Types: Absolute Zero STP

IronFX absolute zero stp

Commissions & Spreads

In terms of spreads at IronFX, there is the choice of fixed spreads or variable spreads. The following table shows minimum and typical variable spreads that traders at IronFX will enjoy.

Instrument           Spreads in pips (Typical Spreads)
 AUD/CAD                                  5.7 (6)

 CAD/CHF                                  6 (6.8)

 AUD/JPY                                   4 (4.1)

 EUR/AUD                                  5 (5.2)

 EUR/CAD                                  5.2 (5.2)

 EUR/CHF                                  1 (2.2)

 EUR/GBP                                  0.9 (1)

 EUR/USD                                  0.7 (1.2)

 USD/CHF                                  1.3 (1.4)

 USD/JPY                                   0.4 (0.9)

Website Languages
Arabic, Bulgarian, Czech, English, French, Greek, Hindi, Hungarian, Indonesian, Italian, Malaysian, Multi-lingual, Polish, Portuguese, Russian, Slovak, Spanish, Vietnamese

Deposit and Withdrawals
The broker offers a range of deposit and withdrawals methods to its clients including debit card, credit card, Skrill, Neteller, China Union, Webmoney, online payments, Qiwi, Fasapay, Bank wire, DOTPAY, Bitcoin, Fast transfers and other local payments methods. To withdraw funds, clients need to login their account and press withdraw tab under member’s area to get their funds transferred to their associated bank accounts. Withdrawals are processed in 1-3 business days.

E-Wallet is based on the currency of the account, funding the e-wallet via any Payment Provider. Existing exchanges rates will be taken under consideration. Internal transfers are swift between the accounts.

Company News
The broker regularly updates its news page to keep clients well informed concerning the latest developments of the broker as well as information about current and upcoming economic events.

Customer Support
The company offers multilingual customer support to its clients round the clock. A professional, trained and well-mannered staff is available 24/5 for customer facilitation at IronFX. Clients can contact the broker via phone at +357 25027000. Emails can also be sent at A live chat feature is also available on the official website of IronFX to assist traders on runtime basis.    

Final Words    
We reviewed IronFX comprehensively and found it to be one the best options available in the market. It offers award-winning multiple trading platforms with competitive spreads and generous leverages. It is regulated and offers excellent multilingual customer support. It processes withdrawals in time and provides maximum security to client’s funds. We, therefore, express our extreme satisfaction on IronFX.