IronFX Review

IronFX is a global leading online broker based in Cyprus, with operations and offices around the world including Cyprus, London, Johannesburg, and Sydney. It serves over 1.2 million traders across 180+ countries worldwide, connecting traders to a variety of asset classes including forex, metals, indices, commodities, futures and shares, through Contract of Difference (CFDs), with over 300 instruments to trade.

Iron FX is suitable for both newbie and professional traders, and also standouts out for offering multiple tailored account types, designed to meet the wide range of client’s demands, thereby making it a suitable broker for different trading strategies including day trading, scalping, hedging, automated trading amongst others.

Furthermore, traders can also enjoy an extensive list of great trading tools and services offered by the broker, these include access to industry-standard trading platforms, low latency and fast order execution, a transparent fee structure, secure deposit and withdrawal methods and customer-oriented support service.

Rating → 4

At A Glance

BrokerIronFX
Established2010
Head OfficeLimassol, Cyprus.
RegulationsFCA (United Kingdom), ASIC (Australia) and FSB (South Africa)
Publicly ListedNo
Broker TypeSTP, ECN
Product OfferingForex and CFDs
Trading PlatformsWebTrader, MetaTrader 4, TradeCopier
Asset ClassesForex, Metals, Indices, Commodities, Futures and Shares
Minimum Deposit$500
Account CurrenciesUSD, EUR, GBP, AUD, JPY, CHF, PLN, RUB and HUF
Maximum Leverage1:1000
Pricing ModelSpreads and Commissions
Lot SizesMicro, Mini and Standard.
Deposit &
Withdrawal Methods
Bank Wire Transfer, Credit/Debit Cards, Skrill, Neteller, FasaPay, China Union and DotPay.
Demo AccountYes
ScalpingYes
HedgingYes
PAMMYes

Pros and Cons

Pros

  • Licensed and regulated by top tier regulatory bodies across the world including the FCA (United Kingdom), FSB (South Africa)and ASIC (Australia).
  • A reliable forex and CFD provider with over 1.2 million clients in 180 countries worldwide.
  • Suitable for newbies and professional traders.
  • Award-winning multi-lingual customer support service.
  • Access to industry-standard trading platforms.
  • Low latency and fast order execution.
  • Great bonuses and contests for non-EU clients.
  • Transparent fee structure with no hidden charges.
  • A variety of secure payment methods.
  • Offers PAMM trading.

Cons

  • Does not accept clients from the United States.
  • Does not offer cryptocurrency trading.