IronFX – review and feedback on forex and CFD trading platform

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IronFx – trading platform overview

вњ… This Trading Platform is available in United States

Overview of regulated brokers: IronFX

Professional traders, as well as their less experienced colleagues, argue that the choice of an appropriate trading platform plays an important role for the success of the project (financial operations). And to solve it, in some cases, it is very difficult. They are hampered by scammers who can work according to the principle of a “financial pyramid” or attackers offering unrealistically high amounts of income to future “victims”, etc. The pseudo-broker actually takes all the money from customers and disappears in an unknown direction. Therefore, at the initial stage of cooperation (preferably before registering an account and replenishing the account), it is necessary to conduct a thorough analysis of the broker and make sure that he is not engaged in the implementation of another fraudulent scheme. But how to conduct this study, so as not to offend the administration of a web resource and achieve its goal? For example, take IronFX. This resource is distinguished by honesty, decency and the performance of its tasks. This service will help you understand its functionality, and, if necessary, based on this review, you will analyze almost any trading platform.

What indicators of IronFX are of interest to traders?

For the first time, the site in question was talked about in 2020 (at this time the company is registered in Cyprus as a forex broker). In parallel, the administration of the company opens an office there and continues its development at a high rate. But we must not forget that the trading platform was created by a successful company (it became part of the corporation 8SafeUK), which provides trading services since 1972! This fact makes this broker stand out against the background of similar companies operating in the field of online trading.

IronFX Security

One of the most reliable and repeatedly tested in practice ways to protect client funds is segregated accounts. They make it possible to store the savings of their users on third-party resources, as a rule, in reputable European and American banks: Bank of America Merrill, BNP Paribas, Raiffeisen Bank, and others. Applications and platforms prepared for IronFX (MT4, MT5, Webtrader, etc.) provide fast execution of the required operations, at no additional cost and reliable protection against fraudsters.

 And even if something happens to the broker, you can always return your deposit without fear that your financial resources will “float” together with the owner of the trading platform in an unknown direction.

The company in question is a member of the Compensation Protection Fund, the main purpose of which is to return the money to the trader, if the broker did not do this for some reason, during the stipulated time (usually the period is fixed in a bilateral agreement).

Organizations that control the activities of participants in the global financial market check their reporting documentation, capitalization, development rates and other indicators by which you can learn about the financial status of this service, its reliability and development prospects in the near future.

IronFX Regulation

For many traders, the above information is a kind of “green” signal for registering a login on IronFX and following up on this resource. What do those traders who need more serious evidence of the reliability of this company? The answer is simple. Examine everything related to this broker:

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• FCA. The regulator for financial management and supervision in the UK.

• CySEC – Cyprus Securities and Exchange Commission.

• ASIC – Australian controller for exchanges and securities.

• CRFIN is a regulatory (extrabudgetary) organization for securities and subjects of this branch of the Russian Federation.

Literally in a year or two, after registering and preparing all the necessary papers, the organization under consideration (IronFX) reached the level of the leading participants in Internet commerce, fully coping with all the tasks.

The creators of the resource have given a lot of space for educational materials. If you have never encountered such a direction of activity, you definitely need to remember the amount of information that will allow you to be well versed in the events taking place.

For the theoretical training of traders, there is a section called “Academy”, which allows in a short time to study everything that is relevant to online trading. Also on the web-site contests, competitions, webinars, analysis of successful strategies and work on the bugs are held. Traders can study e-books that are relevant to this business.

Website customers can prepare for real transactions for free using a demo account installed on IronFX. Fast, convenient and no unreasonable / unjustified expenses.

IronFX Broker: trading conditions

Rather difficult work, even from the standpoint of people who are used to at least 10 hours a day, to sit near a computer, additionally using mobile phones, fixed communications, etc., is intended only for stable people. Not every person is able to withstand similar loads. But to work in the market of currencies, raw materials, securities, cryptocurrency, or other new / promising products, it is not necessary to build problems out of the blue. Experience shows that in this work there should always be a clear mind, the ability to analyze the information received and find new facts explaining the change in the exchange rate and the value of the main financial assets.

IronFX Trading Terms

In existing reviews about IronFX there are often grateful feedback from customers who claim that the administration has managed to create optimal conditions for work.

• The minimum deposit amount is $ 100.

• Transactions – 0.01 lot.

• 24/7 multilingual service.

• The main currencies of trading accounts are euro, Australian and American dollars, Swiss francs, Russian rubles, British pounds, Japanese yen.

• The affiliate program works effectively.

Deposit replenishment and cash withdrawal

In the reviews compiled about IronFX, it is often possible to meet the recommendation of users: to expand the existing system of input / output of money. At the moment, bank transfers, credit cards, Visa and MasterCard, Neteller, Webmoney, Scrill.

IronFX Assets

The list of liquid assets accessed by the trader after registration includes: currency pairs (forex), commodities, precious metals, futures, and contracts for energy types of raw materials.

IronFx.com Review Visit site

SCAM CONFIRMATION

March 2020: There are now 4 FPA Traders Court Guilty votes against IronFx for failure to pay money owed to clients. The FPA has no choice but to declare IronFx to be a Scam for its actions against its clients.

IronFx is hereby blacklisted by the Forex Peace Army. The FPA recommends against depositing money with Iron Fx. If you have an account with IronFx, the FPA recommends you try to withdraw your funds immediately.

SCAM CONFIRMATION

2020: The FPA has repeatedly requested to communicate with the CEO of IronFx regarding the unethical behavior of employees of the company. Many employees claimed they could stop this behavior. All failed. Each of them was asked to put the FPA in touch with the CEO. Based on what happened over time, the FPA believes the CEO is aware of the unethical behavior of his employees, but does not care to do anything about it.

Readers of this review page should note the fake reviews left by IronFx employees pretending to be clients. These are from “Dimitri, London, United Kingdom” on 2020-08-02 and “Eva Leine, Stuttgart, Germany on 2020-02-04”.

IronFx employees have also spammed the FPA’s forums on three occasions.

In January, 2020, someone posted an attack on a competing broker from inside the offices of IronFx. See the review by “Jacob, Cyprus” dated 2020-01-21 below.

In June, 2020, someone claiming to be an IB from Egypt posted defending IronFx. The post really came from inside of IronFx’s offices in Cyprus. See the review from “IB in IronFX” dated 2020-06-03 below.

These incidents began in November 2020. The most recent was in June of 2020.

The FPA recommends AGAINST doing business with IronFx until the CEO steps in and convinces company employees to stop acting in an unethical fashion. If this is how employees follow simple forum and review site rules, can you trust them to follow rules about handling your money?

Other websites of this company include IronForex.com, IronFx.com.bm, FxGiants.co.uk , FxGiants.com.bm, FxLift.com , FxLift.eu, and ZorroTrade.com

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IronFX Review

Review

IronFX complies with international regulatory standards and is authorized and regulated by FCA, ASIC, FSB and CySEC. IronFX maintains over 5 offices worldwide with more than 200 employees and provides customer support in over 30 different languages.

IronFX offers traders more than 200 instruments including spot forex, spot metals, spot commodities, spot indices, futures and shares. IronFX serves retail and institutional customers from over 180 countries in Europe, Asia, the Middle East, Africa and Latin America. They offer MT4 trading platforms. They also offer futures contracts and spot metals via the CFD market.

It should be noted that for IronFX, security of client’s funds is a top priority. Clients are entitled to funds protection of £1,000,000 per client* which is above the FSCS limit of £50,000 per client. A sign that IronFX goes above and beyond to ensure customer satisfaction and security.

Accounts

The choice of accounts at Iron FX goes way beyond those offered by most other Forex brokers.

There are three standard accounts. The Micro account starts with minimum deposit $100 and is available in 10 base currencies: USD, EUR, GBP, AUD, JPY, CHF, PLN, RUB, CZK and HUF. Traders can trade micro lots, choose a fixed or variable spread and a dedicated account manager is assigned to them 24/5. Leverage is flexible starting from 1:1 up to 1:500.

The Premium account requires a minimum deposit of $2,500 and in addition to the benefits mentioned above, traders can access the dealing department hotline to make a transaction.

A minimum deposit of $20,000 will open a VIP account. The main difference between this account and the other standard accounts is that this can only be opened in US dollars.

There are two STP/ECN accounts which allow traders indirect access to deep liquidity and interbank pricing provided by top-tier liquidity providers, spreads starting from as low as 0 pips and flexible leverage from 1:1 up to 1:200. Traders can choose between STP No Commission and STP Zero Spread account.

IronFX was the first to offer the cutting-edge micro STP/ECN trading which allows trading from 0.01 lots and is available up to $50,000 accounts.

The Zero-Fixed Spread Account offers the best-of-market spreads and immediate access to trade through 12 market-leading trading platforms.

For those who wish to trade with zero commissions, IronFX introduced the Absolute Zero account type. The most recent account type offers zero commissions and markups, as well as raw spreads. The Absolute Zero Account offers flexible leverage of 1:200 and is available in EUR and USD.

Business accounts include corporate, institutional and trust accounts.

There is an account comparison table as well as a comparison spread table, both very clear and informative.

A demo account is available and there is a video tutorial that explains how the demo works.

Features

IronFX uses variable spreads in the Forex market with very tight spreads during typical trading conditions.
The broker also offers a leverage starting from 1:1 up to 1:500 leverage amount, so as a result, traders get a large amount of leverage in order to take advantage of using small amounts of margin. The CFD market for stocks has a fixed and small spread for traders.

Deposits/Withdrawals

Funding to accounts can be done via credit cards, bank wire and a variety of online payment methods such as Skrill, Neteller, Dotpay, Webmoneyand others.
Withdrawals are made using the same methods.

Bonuses/Promotions

There are a host of different bonuses and promotions running at IronFX at the same time.
The Trading Bonus involves a 100% sharing bonus unlimited and a 20% Iron bonus up to $2,000.
IronFX was an Official Partner of FC Barcelona for a period of three years. became FC Barcelona’s Official Partner with worldwide association (except for Spain), promotional and marketing rights for the use of both brand and players of FC Barcelona. In June 2020 IronFX became an official sponsor of the 2020 ORC World Sailing Championship. IronFX also offers free VPS hosting to new and existing clients who deposit a minimum of $5,000 and maintain such balance for the following months. VPS Hosting allows execution of orders 24/5 to take advantage of special market conditions not normally available due to time-of-day and your geographical location.

Education and Research

Traders of all levels can benefit by acquiring best-practice tips contained within the Academy web pages or by attending the seminars, webinars, or expositions hosted by the company. Daily market news feed and insightful research give clients access to the best information and data to make informed trading decisions.

The IronFX Encyclopedia exchange column aims to provide basic knowledge of the FOREX terminology in order to help beginner investors quickly master the foreign investment necessities and the IronFX eBook is a dynamic and interactive tool that will serve as an invaluable guide to the markets for traders of every experience level.

Daily market research is also sent to the company’s customers by email and it is also uploaded to their webpage:

Not only that but they also developed an App, where everything is at the reach of your fingertips.

Customer Support

Customer support is available by chat, email and telephone. Support is available in over 30 different languages.

Conclusion

IronFx is a well-rounded Forex broker. The website is user-friendly and choices abound in almost every category. The education material is extensive and is geared towards traders on all levels. Reliable regulation in several jurisdictions also gives us a feeling of confidence and trust.

Features

The features that stand out at IronFX are the choices offered in so many different categories. Close to 10 trading account types, 12 trading platforms, promotions and the large number of educational offerings make this broker stand out from its competitors. In addition, the list of regulators is one of the longest of other Forex brokers I have reviewed. The website is clear and user-friendly providing traders with an enjoyable trading experience.

Platforms

IronFX uses several versions of the most popular platform in the industry.

MetaTrader 4

The MT4 platform is available for web trading as well as for androids, windows and mac. Technical analysis, a complete trading history and all execution modes are available on any browser and operating system. .
Through the MT4 Advanced and the MT4 Windows Mobile platforms, traders can access their orders, positions and equity. They can monitor prices on financial instruments and view online news and activity reports.
The MT4 Android Tablet Trader, the MT4 for Mac and the MT4 iPad Trader offer traders the ability to access real-time charts and reporting and technical analysis. They can place all order types, view their trading history and receive live price quotes.

IronFX Webtrader 4

IronFX Webtrader 4 uses Microsoft Windows and Apple OSX and offers full access to multi-product trading accounts, online news and activity reports and allows the execution of all trade types

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