IronFX Review, Safety, Platforms and Fees - Ventanas Esma

I always recommend that traders check them before evaluating the total trading costs. Overall, IronFX’s tools are severely limited and its VPS service requires a high minimum deposit. Overall, IronFX offers a wide range of deposit and withdrawal methods, but it charges a fee of 50 USD for bank transfers under 300 USD, which is relatively expensive. Additionally, it is not transparent about its deposit or withdrawal fees. In line with Anti-Money Laundering rules, IronFX does not process payments to third-party accounts.

The information about account types and typical spreads is also readily available. Traders should note that IronFX offers many account options, so it may be a good idea to ask some account-related questions to the support team. They provide fast trade execution speeds with no requotes and spread starting from just 0.0 pips. I think the desktop version of the platform is great for running automated systems whereas the mobile trading app is perfect for taking the markets everywhere with you in your pocket. Many years of experience within the trading industry has made IronFX experts at delivering flexible, bespoke and multifaceted trading platforms. Through exceeding client’s expectations and setting the bar so high, the broker has been rewarded with numerous awards for their innovative and advanced trading platforms.

Review

Transactions are not subject to restrictions with a maximum transaction amount of USD 5,000. As such, IronFX users, depending on their location, will fall under a number of different account insurance and compensation schemes. In line with these requirements, client funds are kept fully separate from the company’s working capital, reducing the risk of misappropriation or misuse. Customers are able to get seamless access to a variety of trading instruments, and receive stock news and financial surveys.

IronFX MT4 Webtrader is an advanced and convenient trading platform with a user-friendly interface. It allows traders to access global markets without the need for additional software and can be used from anywhere in the world. The web terminal is secure with encrypted transmissions and doesn’t require plug-ins or add-ons. Suitable for traders of all levels, IronFX MT4 Webtrader is beneficial for any trader. IronFX offers traders access to 300+ financial instruments, including Forex, metals, indices, and shares. This allows traders to diversify their portfolios and exploit different market conditions.

• To get this bonus, the trader opens a Live Floating Spread Account, deposits and is compensated for losses up to $500 resulting for the first five trades, T&Cs apply.
• Besides, they also arrange trading competitions to attract and motivate the FX traders.
• Much the same as some of the more recent reviews, about a week ago, someone created a fake account using the email tied to this TrustPilot account.
• IronFX mobile platform – There are always traders who prefer to trade on the move, and this section of clients are covered with the IronFX mobile MT4 platform.

IronFX offers individual, joint, and corporate accounts, but we will focus on opening an individual account. Although IronFX does not charge fees for deposits, it charges high fees for some withdrawal methods. For example, there is a fee of 50 USD for withdrawals via bank transfer lower than 300 USD.

Trading Tools

The ironfx reviewr cannot withdraw the bonus amount (i.e. the amount of the bonus can be used to trade with) and the bonuses are only available to traders who deposit $500 or more. MetaTrader 4 is a popular platform which grew up around Forex, but has expanded to include other markets. Forex traders tend to use either automated and non-automated trading with robots and this platform supports both of these approaches to trading. Robots are computer programs executing trades on behalf of the trader in accordance with the instructions with which they are programmed. MT4’s robots are called Expert Advisors and IronFX allows the use of these robots.

The company has 8 offices worldwide, and can provide excellent customer support in many different languages. Social Trading– taking advantage of one of the newest trends in forex trading, IronFX offers clients social trading with some of the world’s leading and multi-award winning brokers. The company offers a variety of social trading platforms with 24/5 dealing and 24/7 back office support and live chat.

And all the other vital information to make the best choices. IronFX does not provide this information amid a lack of transparency. Many traders report withdrawal problems at IronFX, but I could not independently verify the issues. It is important to note that the international entity operating out of Bermuda, the one featured in this review, where most traders will manage portfolios, remains an unregulated entity. The live chat pops up frequently, which I found disruptive. Customer support responds swiftly but attempts to collect contact information for an account manager to call.

This broker was not featured in our 2023 Broker Review Audit. This is because, in the past 12 months, it has failed to pass our initial screening process and is not recommended by our team of experts. As such some of the information found here may be out of date.

It goes against our guidelines to offer incentives for reviews. We also ensure all reviews are published without moderation. We use dedicated people and clever technology to safeguard our platform. Recently started trading here and still have no intention to replace this broker with another one. What stood out to me when I was making the choice for this broker was their mobile app. I downloaded and tried it out for a few days, and I really liked all the features it offered, its design and how properly it worked.

A drawback for beginner traders considering IronFX is the lack of educational and market analysis materials available, forcing traders to self-educate with other third-party platforms. Research options provided by brokers may not be seen as the most important feature for some traders, but they can give you an edge over the competition. Staying on top of important market news announcements and being aware of big themes can be very helpful. The rating system provides a clear picture of how well your broker fulfills this service. A demo account is an account that allows you to test the broker’s services and your trading skills without risking your money.

IronFX Web Trader App

I have had a positive experience with IronFX, particularly with their withdrawal process. Not only is it fast and hassle-free, but it also provides me with a sense of security knowing that I can easily access my funds whenever I need them. IronFX also offers trading tools and educational resources which have helped me to improve my trading skills over time. Trading with IronFX will involve fees from $100 USD, spreads from 1.6 pips, and commission-free trading depending on the account traders select. Spreads are the charge that brokers apply to traders; it is the difference between the buying and selling price of instruments. IronFX is a legitimate forex broker rendering financial services since 2010.

To make matters more complicated, traders can choose between fixed or floating spreads on the instant execution accounts. Yes, our trading conditions are suitable for traders of all levels, including beginners. We offer a range of educational resources and tools to help our clients learn and improve their trading skills. Additionally, our customer support team is available 24/5 to answer any questions and provide guidance.

They take a https://forexhero.info/ focused approach and are committed to providing the highest standard of services with full transparency to clients. Each client is treated with the upmost esteem and as a valued partner. With each type, the spread is lowering, while on the offshore website, all accounts can be swap-free. However, the minimum deposit is not specified for any accounts, which is odd for a regulated brokerage house. There’s a surprising lack of fees compared to the top trading platforms out there, and making payments with IronFX is a simple and efficient process.

Overall my experience was fine and my review is here just to provide context. I ran the account up about 60% over 7 months, and then was able to withdraw the money fairly easily. They needed an additional document which I provided, and I got the money in my account via bank transfer in 2 days which I believe is completely fine. Gives the all the possibilities to be able to trade flawlessly on the go, whenever I am. Whether it’s the airport waiting for a plane, or in a cab, or in the office, or in my living room.

The STP/ECN base currencies are USD, EUR, and JPY, except for the No Commission account, where IronFX lists Bitcoin despite not supporting cryptocurrencies as a deposit method. I myself had similar situations with several brokers in my life. Customer support is available 24/5, in 30 different languages to support clients from over 180 countries in Europe, Asia, the Middle East, Africa, and Latin America. IronFX’s research and analysis materials are more comprehensive than its education section, but compared to other large international brokers, are still lacking.

IronFX Key Takeaways For 2022

Client funds are segregated from company funds, reducing the potential for misuse. They operate a counterparty dealing desk, raising conflict of interest issues, but offer direct interbank trading access in some account types. They provide no guaranteed stop-losses but negative balance protection is now mandated under ESMA rules. Secondary security features are unimpressive, with standard encryption at the website and no two-tier platform authentication beyond Metatrader’s one-time passwords .

Compared to other similar brokers, IronFX’s account opening process is fast, generally hassle-free, and fully digital. The third step requires depositing money through the client portal. Overall, because of its strong regulation with some of the best international, a long history of responsible behaviour, and wide industry acclaim, IronFX is considered a safe broker to trade with. And I am sure that other clients also appreciate such help.

Usability – A colourful, intuitive platform

We appreciate your feedback on this matter, and we will definitely take it into consideration as we continue to improve and grow. This account offers the lowest ongoing trading costs of all the accounts at IronFX, but with a spread of 1.1 pips on the EUR/USD, is still wider than those found at other brokers. IronFX is a globally recognised award-winning CFD broker offering a great range of trading products and services to retail traders and institutional investors. The broker has a good choice of over 300 tradable assets, a variety of account types, spreads from as low as 0.0 pips and excellent support in over 30 languages.

MT4 offers customizable watchlists and charts, which could be tailored to traders’ needs. The trading platform also provides copy trading and automated trading features. Traders who are new to the platform will need to spend some time learning the ropes, but the navigation is logical, so it would not be a problem. Traders should note that IronFX offers various types of accounts. Most of these accounts are spread-based, so traders will not have to pay a commission.

IronFX Trade Types/Instruments

We publish unbiased product reviews; our opinions are our own and are not influenced by payment we receive from our advertising partners. Learn more about how we review products and read our advertiser disclosure for how we make money. The Forex Peace Army has set up a special thread with instructions for traders who are having trouble withdrawing their money from IronFx. The experiences about customer service, deposit, withdraw are not so efficient.

• Hi Michael, The MT4 trading platform of IronFX is optimized for trading by offering a user-friendly interface, customizable charts, automated trading, multiple order types, and mobile trading.
• Tickmill continues to grow from strength to strength by offering traders just what they need to be successful in the markets.
• We know you don’t want to read a long review of an untrustworthy broker.
• If you have any further questions, please do not hesitate to contact our customer support team at , who will be more than happy to assist you further.

To see a platform that has a wide range of trading instruments, check out our WeBull review. It’s a match deposit bonus that covers a variety of markets. Most of these offers are focused on forex trading, but it’s a perfect entry for new traders – that’s the instrument that could get you the best profits on a short term basis. To conclude our IronFX review, IronFX is a multi-regulated and award-winning broker with enormous trading opportunities for beginner to advanced traders. The MT4 trading platform and MT4 multi-trading platform allow traders to take trading decisions like institutional traders.

Thank you for choosing IronFX as your preferred online CFD broker. If you ever have any questions or need further assistance, please don’t hesitate to contact our Customer Support team at We’re always here to help. It’s good tht this broker has a simple and understandable system of registration and account verification. Because I am scared away by complicated bureaucratic processes. When verifying an account, the broker asks only for the most necessary documents. By the way, as far as I understand, personal data is protected.