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IronFX Review

IronFX is an award-winning global leader in online and trading services, with a wide range of trading platforms and tradable instruments in forex, spot metals, futures, shares, spot indices and commodities. 

IronFX serves 1.5 million clients from over 180 countries in Europe, Asia, the Middle East, Africa and Latin America offering multilingual support in more than 30 languages.

The company’s customer-centric model offers top trading functionalities to retail and institutional customers through its platforms combined with the widest suite of products at the best pricing and execution.


IronFX is a financial services company headquartered in Limassol, Cyprus and has been operating since December 2010 with a license by the Cyprus Securities and Exchange Commission (CySEC). 

IronFX is also licensed by the Financial Conduct Authority (FCA) in the United Kingdom and by the Financial Sector Conduct Authority (FSCA) in South Africa.

Key Features

      • Multi-licensed group of companies.

      • Ultra-fast account opening & verification process.

      • Zero fees on deposits and withdrawals.

      • 24/5 award-winning multilingual customer support.

      • Ultra-low and competitive spreads.

      • Swap accounts.

      • 500+ trading instruments.

      • Instant execution with no slippage and no requotes.

      • 24/5 multilingual customer support team in 30 languages.

        • A variety of trading account types, suitable for both beginners and professional traders.

        • True ECN/STP Forex broker with years of market expertise.

        • IronFX Academy with a wealth of tailored educational material for beginners and professional traders.

        • Accounts in 14 different currencies USD, EUR, GBP, CAD, AUD, JPY, CHF, PLN, RUB, HUF, CZK, BRL, XBT and ADA.

        • A variety of payment providers.

        • Access to Trading Central.

      Earn commission

      IronFX Background Information

      IronFX is a reliable broker and recognised broker with a growing number of traders from around the world.

      Clients can access more than 500 tradable instruments across 6 asset classes, including forex currency pairs, CFDs, commodities, indices, futures, shares, metals and much more.

      The huge number of major awards that the foreign exchange brokerage has won since it was founded back in 2010 reflect the company’s commitment to excellence and superb trading conditions and services.

      IronFX’s exceptional offering includes a great selection of markets to trade in with competitive conditions, low-cost trading, zero fees on deposits, absolute zero account on withdrawals and great support.

      If you are new to forex trading, then IronFX is a great broker to start trading. Its IronFX Academy and educational resources are among the best in the industry and have helped many traders enhance their knowledge and explore opportunities with more confidence.  

      Access to global markets

      At the IronFX trading front, you have the option to trade various types of CFDs on a diverse range of financial assets. These include forex, shares, indices, commodities, metals, and futures. Trading CFDs with IronFX presents traders with the chance to engage in the financial markets and potentially capitalize on price fluctuations across different assets. 

      By grasping the fundamental aspects of CFD trading, conducting comprehensive research, implementing risk management strategies, and making use of the tools and resources available through the IronFX’s best online trading platform, traders can navigate the markets with certainty.


      With the IronFX broker, you have access to over 80 currency pairs, including popular ones like EUR/USD, GBP/USD, and USD/JPY.


      Trade CFDs based on well-known company shares such as Apple, Amazon, and Tesla.


      Engage in CFD trading on global spot indices, which are derived from underlying indices like the FTSE 100, Aussie 200, or the German DAX.


      Take advantage of CFDs available for a variety of commodities, such as crude oil.


      Trade CFDs on precious metals like gold, silver, palladium, or platinum.


      Explore trading opportunities by engaging in CFDs on commodities, indices, or energy futures.

      IronFX Cutting-edge Trading Platforms

      IronFX Mobile Trading App

      The ultimate mobile trading app

      Trade any way you like with our brand-new powerful mobile trading app, compatible with your iOS or Android devices. 

      The mobile trading app is suitable for traders with any experience.

      IronFX Web Trader App 

      Trade with one click

      The next generation, web-based Web Trader app is a powerful app that is easy to use and syncs effortlessly with the MT4 platform. 

      Stay on the move while you enjoy a seamless trading experience on your mobile, using any operating system (Windows, Android, MacOS and iOS).

      MetaTrader 4 Trading Platform

      Traders can trade CFDs on forex and other products with the next generation multi-asset trading platform.

      MT4 is supported by Windows, Mac OS, Linux, iPhone/iPad, Android and Internet browsers.

      VPS Hosting

      Virtual Private Server (VPS)—a virtual machine in which a website runs on its own server with enhanced connection speed and security. Traders can access their trading account anywhere, at any time and speed up their trading journey.

      IronFX Forex Education

      IronFX provides educational features through its IronFX Academy, catering to smaller and less-skilled traders.

      The broker offers a variety of well-documented account types with different spread schedules and fee structures, allowing traders to choose the one that suits their needs.

      IronFX Academy

      IronFX Academy is a trading school committed to delivering a wide range of trading courses, educational articles, webinars and many more to help traders achieve their trading goals. 

      IronFX’s traders will be able to access a wealth of trading platforms and practice strategies and resources to sharpen their skills, optimize their trading strategies and become adept at identifying and seizing the right opportunities.

      IronFX Solid Trading


          • Trading eBooks and Courses

          • VIP Room

          • Market Trends Report

          • Seminars, Webinars and Podcasts

          • Economic Calendar

          • Financial News

          • Trading Videos

          • Forex Glossary

        Forex Blog

        Explore the IronFX Blog and find out all about the forex market and trading. Their articles cover a range of categories including CFDs & stocks, commodities, popular companies, forex, metals and the latest financial news.

        IronFX Trading Central

        A dynamic product suite combining awarded analyst research with patented pattern recognition to measurably help investors participate in financial markets.


            1. Existing Clients can log in to their Client Portal and find Trading Central under the ‘Tools’ tab.

            1. New Clients can register and follow the above steps to access Trading Central in the Client Portal.

          IronFX VIP Room

          Individuals can become an IronFX VIP and gain access to exclusive trading insights and personalized support for financial transactions from IronFX’s award-winning analysts. 

          There are 5 VIP tailored account types to choose from offering premium financial services limited to. 

          By joining the VIP program, clients can benefit from various features:

          IronFX Exclusive Market Forecasts

          VIP members can trade and learn using interactive institutional-grade market forecasts. Each forecast includes a dedicated discussion panel, allowing them to directly ask the analyst any questions they might have.

          Interactive Charts

          VIPs can utilize interactive charts and receive 1-to-1 personalized support from the team of experts in the VIP Trading room.

          Request for Market Forecasts

          VIP members have the privilege to request from our analysts expert insights on any instrument of interest.

          How to access the VIP Room?


              1. Open an IronFX account.

              1. Log in to the Client Portal and select the VIP Room.

              1. Make sure your account balance meets the minimum required amount to access the VIP Room.

            IronFX Account Minimum and Fees


                • IronFX has an account minimum of $100, making it accessible for traders with different budget sizes.

                • The fees for trading with IronFX are competitive, with spreads as low as zero pips. Most spreads range from 0.7 to 1.2 pips.

              Suitability for New Forex Traders


                  • IronFX is considered suitable and appealing for new forex traders due to its user-friendly website and easy navigation.

                  • The broker offers powerful third-party add-ons to enhance the trading experience.

                IronFX Withdrawals

                IronFX withdrawals are secure and reliable. Depending on the chosen payment method, withdrawals may be faster or slower. IronFX provides a large selection of different payment providers so traders can choose which one they prefer. 

                Traders can fund their trading accounts by using credit/debit cards, Neteller, Skrill, bank transfers and digital assets. In this sense, the time that takes to process each transaction may differ.

                Withdrawals through, bank transfer or wire

                You can withdraw your profits only through bank wire. You can receive a minimum deposit of your initial deposit via the payment method initially used and then all excess deposited funds (profits) will be sent to your bank account. 

                In order for the above to take effect, you need to apply for a bank withdrawal from your client portal.

                While a withdrawal request may be processed within a couple of days, it may take longer for the amount to appear in your account. 

                If more documents are needed, it may take even longer, up to 10 business days, for the funds to show in your account. For withdrawals that take longer, customer support can provide more clarification.

                IronFX Open positions

                You can withdraw profits if you have open positions on your platform. However, your free margin must be more than the amount requested including potential charges and trading fees. Again, you will not be able to make a request if you have insufficient funds.

                IronFX doesn’t charge any fees for deposits or withdrawals, deposit fees, or financial transactions, but your bank or payment provider may request you to pay some extra costs for the transaction.

                How to start trading with IronFX

                Get started in 3 simple steps:

                1.        Open a live trading account.

                2.        Download any of our trading platforms.

                3.        Start with a demo account or deposit funds and start live trading.

                All trading involves risk. It is possible to lose all your capital.

                Top-performing Traders' strategies

                Cryptocurrency Trading and Volume Discounts


                    • IronFX allows trading of cryptocurrencies directly on the Metatrader platform.

                    • However, volume discounts are not available, which may be a drawback for traders looking to optimize their trading costs.

                  Inactivity and Spread Conditions


                      • IronFX charges a $50 fee after one year of account inactivity, and spreads tend to widen significantly during volatile and off-market periods, even with fixed spread accounts.

                    Customer Support and Accessibility


                        • IronFX offers 24/5 customer support via email and live chat in over 180 countries and 30 different languages.

                        • The broker maintains active Twitter and Meta portals for additional communication channels.

                      Frequently Asked Questions About IronFX (FAQ)

                      What is the forex market?

                      The foreign exchange (FX) or currency market is an international market in which various participants buy and sell different currencies around the world. The forex market is an electronic network of banks, brokers, institutions and individual traders, who mostly trade through brokers or banks.

                      It is the largest and most liquid market in the world, with trillions of dollars changing hands every day, and is made up of experienced traders as well as beginners.

                      How are currencies traded?

                      When trading currencies, they are listed in pairs, such as USD/CAD or EUR/USD, which represent the U.S. dollar (USD) versus the Canadian dollar (CAD) and the euro (EUR) versus the U.S. dollar. A currency pair is the quotation of two different currencies, with the value of one currency being quoted directly against the other.

                      Flexible leverage

                      The first listed currency pair is called the base currency, while the second currency is called the quote currency. When an order is placed for a currency pair, the first listed of major currency pairs, or base currency, is bought, while the second listed currency is sold. In terms of popularity, the EUR/USD pair is considered the most liquid, or common, followed by USD/JPY.

                      Which is the best trading platform?

                      You may have wondered which is the best online trading platform to start trading. If you’re just starting, make sure to find the right forex broker who will offer their own version of MetaTrader 4 (MT4) or MetaTrader 5 (MT5). Choosing the right online forex trading platform can be challenging. Many brokers may offer their own proprietary trading platform.

                      Other brokers ensure that their traders have access to the leading trading platforms MT4 or MT5. MT4 and MT5 provide all the necessary tools, resources and flexibility needed for traders to explore their favorite markets on the go or on their desktop computers.

                      Can I trade forex forever?

                      It’s clear that forex trading can be pursued indefinitely, with no material hindrances to stop you. However, it certainly requires a commitment to continuously educating oneself, learning how to manage one’s emotions, and being adaptable.

                      What is the account minimum requirement for IronFX?

                      The account minimum for IronFX is $100, making it accessible to traders with different budget sizes.

                      What are the fees for trading with IronFX?

                      The fees for trading with IronFX can be as low as zero pips, with most spreads ranging from 0.7 to 1.2 pips.

                      Is IronFX a good option for new forex traders?

                      Yes, IronFX is considered a good option for new forex traders. The website is user-friendly and offers powerful third-party add-ons to enhance the trading experience.

                      Trade shares with low commissions

                      Does IronFX provide research and news resources?

                      IronFX provides research tools and insights, as well as educational resources through its IronFX Academy.

                      Are there volume discounts available with IronFX?

                      No, there are no volume discounts available with IronFX, which may be a consideration for traders looking to optimize their trading costs.

                      Does IronFX offer cryptocurrency trading?

                      It is mentioned that IronFX allows trading instruments other than cryptocurrencies, trading instruments such as Forex, spot, and CFD instruments. However, the availability of cryptocurrency trading is mentioned but not confirmed.

                      Is IronFX a trusted broker?

                      Yes, IronFX is considered a trusted broker with good desktop and mobile trading experience. IronFX is licensed by the Cyprus Securities and Exchange Commission in Cypres (CySEC), the Financial Conduct Authority (FCA) in the United Kingdom, the Financial Sector Conduct Authority (FSCA) in South Africa and the Bermuda Monetary Authority (BMA).

                      What are the account types offered by IronFX?

                      IronFX offers a variety of account types with different fee structures and spread schedules to cater to the needs of different traders.

                      Are there any fees for withdrawals from IronFX?

                      Withdrawals and Deposits with IronFX are totally fee free.

                      What is the customer support availability of IronFX?

                      IronFX provides 24/5 customer support via email and live chat in over 180 countries and 30 different languages. They also have comprehensive FAQs and tutorials on their trading platforms.

                      What trading platforms are available with IronFX?

                      IronFX offers a range of trading platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), and WebTrader. These platforms provide advanced charting tools, indicators, and order execution capabilities.

                      Trade like a professional

                      Does IronFX offer leverage to traders?

                      Yes, IronFX provides leverage options to traders, allowing them to trade with larger positions using a smaller amount of capital. The leverage ratios offered may vary depending on the account type and regulatory restrictions.

                      Can I open a demo account with IronFX?

                      Yes, IronFX offers demo trading with demo accounts, for traders to practice their trading strategies without risking real money. The Demo account accounts provide a simulated trading environment with virtual funds.

                      Are there any restrictions on trading strategies with IronFX?

                      IronFX allows various trading strategies, including scalping, hedging, and automated trading. However, it’s important to review the specific terms and conditions to ensure compliance with any potential restrictions.

                      Are there any bonuses or promotions available for IronFX traders?

                      IronFX occasionally offers bonuses and promotions to its traders. These can include deposit bonuses, cashback programs, and other incentives. Signing up and seeing the live application form for the latest information is recommended.

                      Does IronFX provide educational resources for traders?

                      Yes, IronFX offers educational resources for traders of all levels. These resources include webinars, tutorials, articles, and videos to help traders enhance their knowledge and make trading skills further.

                      Is IronFX regulated by any financial authorities?

                      Yes, IronFX is regulated by multiple financial authorities, including CySEC (Cyprus Securities and Exchange Commission), FCA (Financial Conduct Authority), the Financial Sector Conduct Authority (FSCA) and the Bermuda Monetary Authority (BMA). All these regulations help ensure a very high level of safety and transparency for traders.

                      Can I trade on IronFX using mobile devices?

                      Yes, IronFX provides mobile trading apps that are compatible with Android and iOS devices. These apps allow traders to access their trading accounts anywhere, execute trades, and monitor the markets on the go.

                      Does IronFX offer any additional features or services?

                      IronFX trading broker offers additional features such as social trading, where beginner traders can copy the trades of successful traders, as well as access to a wide range of tradable instruments, including forex, indices, commodities, and more.

                      How can I fund my IronFX trading account?

                      IronFX offers various funding methods, including bank wire transfers, credit/debit cards, and popular online payment platforms. The availability of specific payment options may vary based on your location and after account verification.

                      What is the minimum deposit requirement to open an account with IronFX?

                      The minimum deposit requirement may vary depending on the type of account you choose and the regulations in your region. It is recommended to check the official IronFX website or contact customer support for the most accurate information on the minimum deposit amount.

                      How long does it take to process withdrawals from my IronFX trading account?

                      The processing time for withdrawals can vary depending on factors such as the withdrawal method used and any additional verification requirements. It is advisable to refer to IronFX’s trading resources terms and conditions or contact customer support for specific details.

                      Are there any fees associated with trading on IronFX?

                      IronFX financial services may charge certain fees, including spreads, commissions, and overnight financing charges. The specific fee structure can depend on the account type and trading instruments. It is recommended to review IronFX’s fee schedule or consult customer support for detailed information on trading fees.

                      Does IronFX offer any risk management tools?

                      IronFX is a market maker broker that provides various risk management tools to help traders protect their positions and manage their exposure. These tools may include stop-loss orders, take-profit orders, and limit orders. Traders can utilize these features to set predefined levels for exiting trades or securing profits.

                      What is the maximum leverage available on IronFX?

                      The maximum leverage offered by IronFX is 1:1000 and may vary depending on the account type and the regulatory requirements in your region. Depending on your forex strategy, reviewing the relevant information IronFX provides or consulting customer support for accurate details is crucial.

                      Can I trade on IronFX using automated trading systems?

                      Yes, IronFX broker supports automated trading through the use of Expert Advisors (EAs) on their MetaTrader platforms. Traders can develop or use pre-designed algorithms to automate their trading strategies.

                      Indices on the global markets with IronFX

                      Does IronFX provide research and market analysis tools?

                      IronFX broker offers various research and market analysis tools, including real-time market news, economic calendars, technical analysis indicators, and trading signals. These resources can assist traders in making informed trading decisions.

                      What types of accounts does IronFX offer to retail investors?

                      IronFX offers a range of account options for retail investors, including Fixed Accounts, VIP Accounts, and Demo Accounts. These accounts cater to different trading preferences and requirements.

                      I am a retail investor and afraid of losing money rapidly in my trading. What can I do?

                      If you’re facing significant losses in your trading, it’s essential to assess your trading strategy and risk management approach. You may consider seeking guidance from an experienced account manager or exploring educational resources on trading psychology to enhance your skills.

                      Can I have a personal Multi Account Manager (MAM) at IronFX?

                      Yes, IronFX provides a Personal Multi Account Manager (MAM) service for clients who wish to manage multiple trading accounts simultaneously. This feature can be beneficial for those managing funds for others or executing trades across multiple accounts.

                      What is the role of Notesco Financial Services Limited in IronFX?

                      Notesco Financial Services Limited is the parent company of IronFX Global Limited. It is a reputed financial services provider that operates and oversees the operations of IronFX, ensuring compliance with regulatory standards.

                      Does IronFX offer Negative Balance Protection for retail investor accounts?

                      Yes, IronFX provides Negative Balance Protection for retail investor accounts. This means that even if the market volatility causes your account balance to go negative, you will not be liable for any outstanding debt to the broker.

                      Can I have an account manager at IronFX?

                      Yes, IronFX offers the assistance of dedicated account managers to support clients in their trading journey. Account managers can provide personalized guidance, answer questions, and offer insights into market trends and trading strategies.

                      What is a Fixed Spread Account at IronFX?

                      A Fixed Spread Account at IronFX is an account type where the spread (the difference between the buying and selling price of a trading instrument) remains fixed regardless of market conditions. This account type can be suitable for traders who prefer transparency in their trading costs.

                      What are VIP Accounts at IronFX?

                      VIP Accounts at IronFX are designed for high net worth or experienced traders who require additional benefits and features. These accounts often come with exclusive perks such as lower spreads, customized trading conditions, and priority customer support.

                      Can I practice trading before using real money at IronFX?

                      Yes, IronFX offers Demo Accounts that allow users to practice trading strategies and explore the platform’s features using virtual funds. This provides an opportunity to gain hands-on experience and build confidence before transitioning to live trading.

                      Can professional traders have special accounts at IronFX?

                      Yes, IronFX offers Professional Accounts specifically tailored to meet the needs of professional traders. These accounts typically provide access to enhanced trading conditions, higher leverage options, and tailored client support.


                      IronFX is a multi regulated broker that offers a wealth of resources, a variety of account types tailored to different trading styles, state-of-the art trading tools and platforms, professional trading accounts, and superb education. 

                      With an exceptional team of experts, analysts and a dedicated customer support team, as well as unbeatable trading conditions and resources, IronFX is committed to helping its traders find success in the financial markets. 

                      It is advisable to conduct thorough research and review independent sources, such as IronFX reviews, to gain a comprehensive understanding of their reputation and services.

                      Why Choose IronFX


                      All information has been prepared by TraderFactor or partners. The information does not contain a record of TraderFactor or partner’s prices or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. Any material provided does not have regard to the specific investment objective and financial situation of any person who may read it. Past performance is not a reliable indicator of future performance.