IronFX Review

IronFX serves retail and institutional customers from over 180 countries in Europe, Asia, the Middle East, Africa and Latin America while providing support in over 30 different languages.

Since IronFX first began their operations in 2010, they have established a reputation of being a customer oriented broker. Hence, it is not surprising to learn that they are currently serving over a million clients worldwide. The fact that they are regulated in multiple jurisdictions also serves to further enhance their trust factor as the broker is legally obligated to follow the financial services industry best practices on the way they handle their clients’ funds.

In addition as a regulated broker of the UK’s FCA and CySEC, traders’ funds are further protected under the Financial Services Compensation Scheme in the UK and Investor Compensation Scheme in Cyprus. For the former scheme, traders are covered up to a maximum amount of 50,000 pounds whereas for the latter, the maximum amount of compensation is 20,000 euros. IronFX UK also offers its clients’ funds additional protection by providing excess coverage on top of FSCS insurance cover, at no extra cost and in the total amount of £1,000,000 per client in the unlikely event of its default.

Typical Spread on Majors

* STANDARD account shown.
Headquarters Limassol, Cyprus
Type of Broker Market Maker & ECN/STP
Founded 2010
Regulated By Regulated By CySEC (Cyprus), FCA (UK), ASIC (Australia), FSCA (South Africa)
Offices In United Kingdom, Australia, South Africa, Czech Republic, Spain, Cyprus
Supported Languages Arabic, Bulgarian, Czech, German, Greek, English, Spanish, Persian, French, Hebrew, Hindi, Hungarian, Indonesian, Italian, Japanese, Korean, Malaysian, Filipino, Polish, Portuguese, Romanian, Russian, Slovak, ThaiVietnamese, Chinese, Turkish
ESMA Regulation ? This broker is regulated within the E.U and may be subject to ESMA's new Forex and CFD trading restrictions. To find out more about these restrictions, please see this article
Account Currencies EUR, USD, GBP, CHF, JPY, PLN, HUF, AUD
Minimum Deposit $100
Traders from USA Allowed No
Clients Funds Segregated Yes
Interest on Margin No
Islamic Accounts Yes
Islamic Account Restrictions Muslim Faith Only
ECN / STP Accounts Offered Yes
Commission on STP or ECN $7.50/100K (round turn- VIPl Account), $13.5/100k (round turn - Standard Account)
VIP Accounts Offered Yes
VIP Account Requirements $20,000 Minimum Deposit
Mini Accounts Offered Yes
PAMM / MAM Solutions Yes
API Solutions No
Mobile Trading Yes
Web Based Trading Yes
Funding Methods Credit/Debit Cards, Wire Transfer, Skrill, Neteller, WebMoney, fasapay, China UnionPay, dotpay
Withdrawal Methods Credit/Debit Cards, Wire Transfer, Skrill, Neteller, WebMoney, fasapay, China UnionPay, dotpay
Platforms Offered MetaTrader 4, MetaTrader 4 Mobile, MetaTrader 4 iOS, MetaTrader 4 Android, WebTrader
NO of Pairs 120
Cryptocurrency Trading Yes
Pricing Digits 5
Trade off Charts Yes
One-click Execution Yes
Email Alerts Yes
Mobile Alerts Yes
Trading Server Time GMT + 2
Demo Account Expiry 30 Days of inactivity
VPS Offered Yes
Free VPS Conditions Minimum Account Balance $5000
Dealing Desk Yes
Maximum Leverage 500:1
Minimum Contract Size 0.01
Execution Instant Execution and Market Execution
Hedging Yes
Scalping Yes
Scalping Restrictions No
Option of OCO Yes
Option of FIFO No
Liquidity Providers 17+
Negative Balance Protection Yes
CFD's Yes
Metals Yes
Oil Yes
Futures Yes
Indices Yes

IronFX Reviews

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Kevin Reynolds Country: United Kingdom May 17, 2017
a very good broker, my account manager is very helpful and always quick to response. trading execution is also fast
Oskar Country: Austria Apr 27, 2017
I ve been trading with Ironfx for a while, I had some withdrawl issues at some point, but now everything is ok. Customer service is very good and ready to assist you anytime you need help. The only thing that I would like them to improve on is that the rebates can be higher
pm Country: United Kingdom May 8, 2016
I'm surprised seeing only one bad review about this guy´s...true mafia!
this guy's don´t pay anyone...Clients, Introducer Brokers, Money Managers... Their Account Managers are crooks too, because they know IronFX hurt clients, and continue working for them! One more thing i don´t understand how FCA regulator allow this guy´s change their name in UK to "8Safe UK Limited as authorized and regulated by the Financial Conduct Authority FCA no. 585561", with same license number!?
Maciej Zielinski Country: Ireland Nov 25, 2015
Beware folks SCAM BROKER waiting for my money since 2015-10-13.
They dont reply on emails. dont give any reason why i cant get back my money.

Broker Bonuses

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