Warning: Trading CFDs is high-risk and you may end up losing more than your initial deposit. Please make sure you fully understand the risks involved before you start CFD trading.

IronFX review

0% commission £3,000 bonus

IronFX review

Overall rating:

IronFX is an award-winning Global Leader in Online Trading. IronFX offers 16 platforms trading more than 3000 instruments in FX, spot metals, stocks and futures. IronFX Global serves both retail and institutional customers from more than 180 countries across 5 continents. With over 21 offices globally, offering support in 45+ languages. IronFX has a large and accomplished global client coverage team, allowing traders constant customer support and trading coverage. There are 60 offices worldwide,making IronFX a large and advanced trading broker. IronFX provide the best information and data to traders through daily market news feed and research, allowing traders to make informed executions on trades. IronFX Global complies with international regulatory standards, and is authorised and regulated by FCA (UK), ASIC (Australia), DFSA (Dubai), FSB (South Africa), UCRFIN (Ukraine) and CySEC (Cyprus).

Platforms for Trading

IronFX offer five main trading platforms; IronFX WebTrader; IronFX MetaTrader4; IronFX Personal Multi-Account Manager (PMAM); IronFX MultiTerminal; Mobile Traders for Mobile Phones and Mobile Devices.

IronFX WebTrader

This platform is an in-house developed, web-based platform that provides full access to multi-product trading accounts. IronFX WebTrader requires no downloading or installation of software and can be accessed from any PC connected to the internet. Traders can access a range of financial services via a web interface.

IronFX MetaTrader4

Widely used across trading brokers, MetaTrader4 is one platform offered by IronFX that is ideal for traders who want a full suite of tools. Traders can have immediate access to market indicators, technical analysis tools and expert advisor access. IronFX also offer a demo platform that runs with MetaTrader4.

IronFX Personal Multi-Account Manager (PMAM)

The IronFX PMAM platform is for traders who need specific tools, allowing them to integrate trading with a master account.

IronFX MultiTerminal

The MultiTerminal trading platform allows traders to manage several accounts on one screen.

Mobile Traders for Mobile Phones and Mobile Devices

IronFX offer trading for mobile devices including iPhone, iPad, Smartphones, Blackberry, Android Supported Phones and more. This allows traders to execute trades on the go.

Account types

IronFX provides a wide range of trading accounts to suit the needs of a diverse pool of clients. Traders have the option to open accounts with different benefits, for example some accounts offer cash rebates, some offer direct access to prices and trading conditions offered by the top tier liquidity providers. Three of the most popular offered are:

Micro Accounts

Ideal for traders who have less than $2500 deposit.

Premium Trading Accounts

This account offers low spreads and access to account managers and is open to traders who deposit $2500 and more in trading funds.

Business Trading Accounts

IronFX offer three variations on the Business Trading Account; Corporate Account; Institutional Account and a Trust Account. This allows business traders to tailor their needs even further.

IronFX provide information on every account they offer on their website.

Bonuses

IronFX offer a range of bonuses, from welcome bonuses to cash rebate bonuses.

Commission and Spreads

IronFX does not charge commission but earns from spreads that are added to the quotes. The spreads depend on the type of trading account and the currency pair traded.

Customer support

IronFX offer exceptional customer support in all major languages. The website is also supported in a wide range of languages. Clients can contact IronFX's customer support team by callback, live chat, email, office, skype, phone and web form.

Reliability

IronFX is regulated and authorised by seven major financial regulatory bodies, making them both legitimate and reliable. IronFX is also a member of Eurex Exchange, is EU-regulated and is an MiFID-compliant firm. Traders can feel confident that their trading environment is both secure and compliant with all the leading financial bodies.

Pros

IronFX offer many pros to traders:

  • High welcome bonus (40%)
  • Investors' Compensation Fund Scheme
  • Low reasonable spreads
  • Large choices of instruments to trade with
  • Mobile trading supported
  • Choice of various trading accounts
  • Expert advisors supported
  • Multiple trading platforms
  • Negative balance protection
  • Account Managers for account holders
  • Regular FX competition
  • Regulated and authorised by several financial bodies
  • Unlimited demo account

Cons

  • The minimum depost is $500 or the equivalent of other currencies. This is quite high and thus, may not provide the right trading platform for some traders, especially those who are less experienced.

Conclusion

IronFX offer advanced tools and features, a variety of trading platforms and instruments to trade with. This makes them a diverse and expert trading broker to trade with.