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
| EUR/USD | 1.1 |
| GBP/USD | 1.0 |
| USD/JPY | 0.8 |
- Company Info
| 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 Details
| 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 |
- Platform Details
| 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 |
- Trading Details
| 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 |
- Additonal Instruments
| CFD's | Yes |
| Metals | Yes |
| Oil | Yes |
| Futures | Yes |
| Indices | Yes |
IronFX Reviews
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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!? https://leaprate.com/2015/11/cysecs-official-statement-on-ironfx-settlement-and-fines-to-ufx-eztrader-interactiveoption-fxgm/
They dont reply on emails. dont give any reason why i cant get back my money.
