Introduction
FxBrokerReviews.org – Get the ultimate trading experience with comprehensive trading packages, advanced tools such as Expert Advisor (EA), access to worldwide financial markets, and industry-leading education at the IronFX trading platform. IronFX offers a trusted environment for traders across the globe.
IronFX is the best trading platform for beginners who are looking for extensive knowledge and understanding of the market and the best advice from successful professionals from the trading industry. Iron FX is founded in 2010 and its headquarters are in Limassol Cyprus it’s the trading name of Notesco financial services.
Pros:
- Tight spreads from 0.0 pips
- Earn bonus on Introducing Broker commissions
- Flexible leverage- 1:1000
- Access to top resources for trading
- Live to track
- Reward plans
- 24/5 support over calls, emails, and chats
- Wide range of products
- Multiple asset classes and several trading instruments
Overall Summary
Features
Overall – 5/5
Commissions and Fees: 4.5/5
Platforms and Tools: 5/5
Research -5/5
Mobile Trading Apps – 5/5
Education -5/5
Is IronFX Safe?
IronFX is considered a very safe and secure trading platform with a high trust score. The IronFX trading platform operates as a regulated bank and is authorized by tier-1 regulators. There is complete transparency and your information and transactions are end-to-end encrypted.
IronFX has supervision from all major regulators worldwide and including the Australian Securities and Investments Commission (ASIC), The Cyprus Securities and Exchange Commission (CySEC), the Financial Conduct Authority (FCA), and the Financial Services Commission Authority (FSCA).
All payments funded to the Iron FX trading platform are held in a secured bank account. Also, Iron FX uses tier 1 banks to accommodate your withdrawals even if IronFX goes out of business and this makes it a safe trading environment for both professionals and beginner traders.
Regulations and licenses
Year founded – 2010
Publicly Traded (Listed) – YES
Bank – YES
Financial Conduct Authority (FCA)
Markets in Financial Instruments Directive (MiFID)
EEA Registrations –
- Authority of Financial Markets (AFM)AMF – Autorité des marchés financiers
- CNMV – Comisión Nacional del Mercado de Valores
- CNB – Czech National Bank
- FI – Finansinspektionen
- KNF – Financial Supervision Authority
- CONSOB – Commissione Nazionale per le Società e la Borsa
- HFSA – Hungarian Financial Supervisory Authority
- BaFin – Federal Financial Supervisory Authority
Memberships:
Member of the Financial Ombudsman Service (FOS UK)
Member of the Financial Services Compensation Scheme (FSCS)
Offering of Investments
Iron FX offering investments
Iron Fx offers traders and investors a wide range of trading instruments and markets. IronFX allows you to invest in Forex, Indices, Metals, Commodities, Shares, and Futures. Trade with more than 80+ currency pairs that include Minor, Major, and Exotic.
Commissions and Fees
Iron FX charges no fee for inactive accounts and the withdrawal fees depend on the chosen payment method. Also, there are no deposit fees. IronFX charges you minimal fees to offer its educational resources and research tools that can help you gain profit for your investments.
IronFX minimum deposit
Iron FX charges a minimum deposit of 500USD/EUR/GBP when opening a trading account. To open a brokerage account in the IronFX trading platform, you have to deposit a minimum amount. You need to be aware of brokers charging money for services that can be for free or are there additional offers with minimum deposits.
The minimum deposit option is offered by several brokers in the industry based on different terms. However, with more competition, the requirement to open a live account has gone down with an increasing amount of clients. Minimum deposits can also go as high as 6500 GBP/USD in some brokerages.
IronFX Withdrawal Fees
The IronFX withdrawal fees depend on the withdrawn amount. Every broker has specific withdrawal methods and rules for transferring funds. Also, other factors such as different transfer processing fees, potential currency conversion fees, and processing times are included.
Conversion fees can vary based on your payment provider, base currency, and receiving currency. Iron FX allows you to withdraw funds using bank transfers, credit cards, Debit cards, FasaPay, Payoneer, and Neteller.
IronFX inactivity Fees
IronFX charges no fees for inactive accounts. Every brokerage has its terms and conditions for its clients. It can depend on a brokerage to charge for account inactivity for a longer time. For example, if the trader is not buying and selling over some time and if there is a fee for it then they have to pay it.
However, inactivity fees can be a negligible amount some might charge you and some might not. Every brokerage platform needs to disclose its fee structures and inform clients beforehand so they can decide accordingly. Some brokerages may charge you inactivity fees as compensation and maintenance of expensive trading accounts.
IronFX deposit Fees
IronFX charges no fees for deposits but the third-party merchant or bank can charge their respective fees if required. It solely depends on the broker whether there are additional fees involved with each deposition and if the payment method used acquires an extra fee.
For example, there are no fees involved while transferring funds through banks directly but fees can be high when you are using a credit card to transfer. Enjoy free-of-charge fund deposits anytime you like.
Iron FX commission fees
Iron FX charges zero commission fees on CFD instruments. Commission fees can be charged by brokers for facilitating the selling and buying of financial assets and instruments. Every trader is charged a commission fee through which the broker makes revenue.
Commission fees can differ based on the asset you have, the trading account, and the type of trading. Commissions are charged if a broker cancels or fulfills an order, or modifies an order. There is no charge or commission if the market order is not fulfilled.
IronFX pricing summary
Micro Account: 100 USD minimum deposit
Premium Account: 2500 Minimum Deposit
VIP Account – 2500 USD minimum account
STP/ECN Accounts – 500 USD Minimum deposit
Zero Fixed Spread Account – 100 USD Minimum deposit
Affiliate Account, Managed Account, Business Account, Affiliate plus Account
Iron FX Mobile Trading
IronFX’s mobile app is easy and flexible for all traders. It has an intuitive interface and is equipped with several interesting features for both newbie and advanced traders. The charts are detailed with live trading information and market insights and it also has extensive features available.
Overview: The well-designed IronFX mobile app has features like – alerts, advanced charts, and sentiment readings. Two mobile apps offered by Iron FX are – MetaTrader 4 (MT4) and the IronFX flagship mobile app.
The IronFX app is great for education and you can find all the information systematically even if you are completely new to trading and do not know where to start.
Ease of use: Because of easy navigation and flexibility the Iron FX mobile app is the best because you can switch from anywhere you wish to. You can navigate through pages such as news headlines, trading signals, and market analysis. Charts are synced with mobile integration and you can view them very easily.
Educational Videos: You can find all educational videos separately and access them easily. Beginners can find these videos interesting and learn a great deal from them.
Charts: The Iron FX mobile app is high functionality with multiple technical indicators, time frames, drawing tools, and tick charts. Investors and traders can set up charts easily and zoom in and out of various time frames. Mobile chats can be used effortlessly by beginners as well.
Other trading platforms
You can use other trading platforms and tools with high functionality on Iron FX. They serve all kinds of traders from anywhere on the globe.
Iron FX MetaTrader 4: The IronFX MT4 trading platform comes with a wide range of features that makes trading easy for all traders. The iron FX proprietary trading platform offers you endless possibilities for trading with a vast amount of research, risk-management modules, and whatnot.
Also, you can select multiple custom layouts in just a few minutes and experience trading the ultimate way through IronFX MT4 and the IronFX flagship trading platforms.
Charting – There are default charts in the IronFX platform with advanced features and functionalities such as adding multiple alerts to several supported indicators, there are different kinds of charts. Also, resizing the view in all frames is fast and easy and you can zoom in and out smoothly.
You can also operate on stops/limits comfortably and with precision and access the risk/reward ratios as well. Access charts on Iron FX MT4 and get access to its features to trade with ease.
IronFX Trading Platform
Virtual Trading (Demo)- Yes
Proprietary Platform – Yes
Desktop Platform(Windows and iOS- Yes
Web Platform- Yes
copy trading – Yes
MetaTrader 4 – Yes
Charting –Indicators/ Studies- 11 in charting Analysis
Charting (Trade From chart) – Yes
Market Research
Get access to quality market research from third-party providers and in-house professionals to strategize your trade moves. You can find great content in the form of market research including Interactive Brokers (IB).
Research Overview: IronFX’s research tools come with trading signals, an economic calendar, weekly market forecasts, and all insights into the current financial market. Also, Daily blog updates can be accessed by all IronFX users.
Advanced tools will include various asset classes, Forex, and global stocks. Also, the daily news headlines are tailored according to your account traits.
Market Analysis and News: You can find the latest forex news and expert technical analysis on IronFX. A research team provided you with market insights and news to keep you updated and help you keep track of financial events and various market fluctuations.
Education: Iron FX is a pioneer provider of educational content with a wide range of articles, videos, testimonials, expert methods, guides, and more. Beginner-level traders can sign up for educational courses and track their progress. There are many interesting educational materials and quizzes to help you trade successfully.
Try the mobile app and experience the ease of use with weekly webinars, and crowd-sourced articles dedicate yourself to online trading and be a part of the IronFX community.
Iron FX School – the Iron FX school offers courses for traders and you can attend webinars from anywhere and using any device. You can access the educational material on their website and their YouTube channel. There are articles on risk management and support is available in additional languages.
You can have an interactive experience with courses designed according to the experience level and learn a great deal from IronFX.
Videos – There are videos on trading, risk management, and various other topics relating to trading that one can access. Traders can learn from podcasts and from frequency live formats which include productive content for both professional and newbie traders
Pros:
- Economic Calendar
- Beginner-friendly tutorials
- Daily fundamental Commentary
- Research application includes both iOS and Android.
- Trading courses for beginners
Iron FX education(Chart)
Education on Forex and CFDs- Yes
Client Webinars – Yes
Client Webinars(Archived) – Yes
Beginner trading Videos – Yes
Advanced trading Videos – Yes
Dictionary (Glossary) – Yes
Conclusion
Iron FX is a brilliant choice for all traders and investors who are planning to explore the global market and trade successfully. Iron FX is the best for Mobile trading, Investments, Commission and Fees, professional trading, trust score, Education, Platform & tools, and research.
Iron FX is the best trading platform in 2022.
Is Iron FX a good broker?
Iron Fx is an excellent broker because it provides investors with great options on their trading journey and user-friendliness. Iron FX is a winner because of its apps, research, range of markets, and education.
Is my money safe with Iron FX?
Iron FX holds regulatory licenses as a trading platform that offers CFDs and Forex. The regulations and licenses make Iron FX a very safe broker and traders can rest assured about their money and funds without any doubt.
The well-recognized broker will always be a client’s preference and that makes IronFX a top choice for clients and investors from all around the world.
What is the minimum deposit for trading on Iron FX?
The minimum deposit requirement of Iron FX is $100.
About Iron FX:
Iron FX is the ultimate trading platform in the trading industry, it was founded in 2010 and considered among the best online trading platforms ever since. IronFx supports the MT4 platform to provide you with a rich trading experience.
Opening an account is very easy and you can beginners can find it easy to operate on a highly intuitive design and interface. Also, Iron FX’s customer support is among the best with a highly efficient team of experts supporting you via calls, messages, chats, and emails in several languages.
2022 Review Methodology
We have assessed and rated our brokers based on published research and authentic information from legitimate sources. Our scoring system ranks the level of trust for all brokers based on their regulations and licenses.
Our annual review process includes updates and key milestones based on an in-depth data profile manually checked by us for accuracy. The quality and authenticity of data are validated with an error-free process so users and clients can trust our data.
