9 /10
Overall Rating

IronFX Review

Visit IronFX

Is IronFX a reliable Forex broker? At AtoZMarkets.com, we have a readers-first policy. It means we always put our readers’ safety as a priority in our business line, not just satisfying ourselves with a broker’s public information. Therefore, we use direct interaction with the broker, public opinion analysis, live and demo account testing, and even the accuracy of the price chart.

IronFX is a specialized team that offers traders access to global CFD and FX markets. With the world-class MT4 trading platform. Moreover, the variety in account types, low spread, PMAM, and MT4 multi-terminal makes the broker unique. 

However, there is more to know about this broker. Is it wise to make an account here? Continue reading AtoZ Markets’ full IronFX broker review to learn more.

Overview

Company
9 /10
Trust
8 /10
Trading Platform
8 /10
Account Types
9 /10
Costs
9 /10
Customer Support
8 /10
Regulation
9 /10

Company

9 /10

IronFX complies with international regulatory standards, and different entities in the group are authorized and regulated by the FCA (UK), ASIC (Australia), FSCA (South Africa), and CySEC (Cyprus).

IronFX is an award-winning forex broker with ten different trading platforms and more than 200 trading instruments in forex, spot metals, futures, shares, spot indices, and commodities.

IronFX clients can benefit from round-the-clock coverage delivered by one of the world's largest and most accomplished global client coverage teams. The IronFX customer-centric model offers top trading functionalities through its platforms combined with the broadest suite of products at the best pricing and execution. Daily market news feed and insightful research give clients access to the best information and data to make informed trading decisions.

Pros and Cons

Pros

  • FCA, ASIC, FSCA, and CySEC regulated Brokers.
  • Lots of trading instruments including forex, metals, indices, and shares.
  • World-class MT4 trading platform
  • Built-in VPS hosting opportunity.
  • Variety in trading account types to cover traders' needs.

Cons

  • Do not have MT5 and cTrader.

Trust

8 /10

IronFX is a trading name of Notesco UK Limited. Notesco UK Limited is authorized and regulated by the Financial Conduct Authority (FCA No. 585561). Notesco Limited, registered in Bermuda, operates IronFX BM. 

In the unlikely event that Notesco UK Limited is unable to meet its financial obligations in respect of investment business, if you make a valid claim, you may be entitled to compensation from the FSCS in respect of your investment in IronFX. The scheme protects up to £85,000 per eligible person per regulated entity.

Moreover, in the risk disclosure section, the broker is very fair to provide reliable information regarding the risk associated with the financial market. 

Trading Platform

8 /10

IronFX uses the world-famous MT4 trading platform to allow traders to have user-friendly access to global markets. Furthermore, the company has both traditional MT4 and MT4 multi-terminal platforms.

IronFX MT4

IronFX MetaTrader 4 is the most reliable platform used daily by traders worldwide. The platform provides the essential tools and resources needed to analyze the market and improve your trading performance. It is fully equipped with front-end terminals and back-office reporting functions.

Other features or IronFX MT4:

  • Orders, positions, equity, and online exposure management.
  • Live monitor for prices of financial instruments.
  • Advanced Charting
  • Online Streaming News
  • Activity Reports
  • 3 Different execution types.
  • Manual and automated trading.

PERSONAL MULTI-ACCOUNT MANAGER (PMAM)

In the Personal Multi-Account Management (PMAM) platform, you can simultaneously manage and trade on multiple MT4 accounts. The PMAM platform is one of the most flexible and advanced platforms in the industry today, used by Money Managers and professional traders alike. Some features of PMAM platform:

  • Orders, positions, equity, and online exposure management.
  • One-Click Order Entry.
  • Manage Unlimited Accounts
  • Create Multiple Funds
  • Live monitor for prices of financial instruments
  • Activity Reports

MT4 Webtrader

MT4 web trader makes life easy by accessing the MT4 platform from any web-enabled device. Therefore, even if you don't have the platform installed on your PC, you can access it from the MT4 web trader. Moreover, the web trader has most of the functions that are present in the MT4 software.

Trading Products

The IronFX customer-centric model combines trading functionality with the best pricing, execution, and liquidity. There are more than 200 financial instruments, including the forex, spot metals, stocks, futures, spot indices and commodities with best-of-market spreads from just 0 pips. You can access all instruments from a single account from any of the 10 Platforms.

Forex

IronFX facilitates clients the opportunity to trade forex through multiple trading platforms. Traders can trade more than 120 forex pairs, including majors, minors, and exotics 24 hours a day, five days a week. IronFX offers the tightest spread in the market, starting from 0 pips with the leverage starting from 1:1 up to 1:30.

Spot Metals

IronFX offers CFDs on spot metals in both USD and EUR. A 1% margin is required for spot metals benefiting from the industry's best trading conditions.

Spot Indices

IronFX allows you to invest in various market segments across the globe, with tight spreads and low margin requirements. Therefore, you can get the advantage of their exceptional volatility and robust market liquidity, with simple, intuitive platforms.

Spot Commodities

IronFX enables you to start commodity trading online, via a wide range of different commodities available for trading.

Futures

There are many CFDs on equity indices, agricultural commodities, base metals, oil, and energy products. Clients can take advantage of the most comprehensive range of trading instruments to diversify their portfolio.

Shares

In the IronFX platform, you can take advantage of strong liquidity and reliable execution to trade some of the most well-known and liquid shares.

Account Types

9 /10

IronFX has three account types that include ECN, fixed, and floating based. Traders from beginner to advanced levels have access to one of the most transparent trading environments in the industry.

Let's have a look at a short glimpse of IronFX account types:

Live Floating/ Live Fixed

In this trading account, the spread is fixed, and there is no extra trading cost like a commission, moreover, as per our finding, the spread is meager compared to the other brokers' trading account.

Standard Account

  • Spread from: 1.8 pips
  • Flexible Leverage Up to 1:30
  • Base Currency: USD, EUR, GBP, AUD, JPY, CHF, PLN, CZK
  • Min Lot Size: 0.01
  • Commission: No 
  • Dedicated Account Manager Available: 24/5
  • Dealing Department Transaction Hotline: Yes

Premium Account

  • Spread from: 1.6 pips
  • Flexible Leverage Up to 1:30
  • Base Currency: USD, EUR, GBP, AUD, JPY, CHF, PLN, CZK
  • Min Lot Size: 0.01
  • Commission: No 
  • Dedicated Account Manager Available: 24/5
  • Dealing Department Transaction Hotline: Yes

VIP Account

  • Spread from: 1.4 pips
  • Flexible Leverage Up to 1:30
  • Base Currency: USD
  • Min Lot Size: 0.01
  • Commission: No 
  • Dedicated Account Manager Available: 24/5
  • Dealing Department Transaction Hotline: Yes

Zero Spread Account

  • Spread from: 0.0 pips
  • Flexible Leverage Up to 1:30
  • Base Currency: USD
  • Min Lot Size: 0.01
  • Commission: Yes
  • Dedicated Account Manager Available: 24/5
  • Dealing Department Transaction Hotline: Yes

STP/ ECN Account

Besides the fixed and floating account, the STP/ ECN account provides a more reliable and accurate price. Let’s see the account types:

No Commission Account

  • Spread from: 1.7 pips
  • Flexible Leverage Up to 1:30
  • Base Currency: USD, EUR, GBP, AUD, JPY, CHF, PLN, CZK
  • Min Lot Size: 0.01
  • Commission: No
  • Dedicated Account Manager Available: 24/5
  • Dealing Department Transaction Hotline: Yes

Zero Spread Account

  • Spread from: 0.0 pips
  • Flexible Leverage Up to 1:30
  • Base Currency: USD, EUR, GBP, AUD, JPY, CHF, PLN, CZK
  • Min Lot Size: 0.01
  • Commission: Yes
  • Dedicated Account Manager Available: 24/5
  • Dealing Department Transaction Hotline: Yes

Absolute Zero Account

  • Spread from: 0.3 pips
  • Flexible Leverage Up to 1:30
  • Base Currency: USD, EUR, JPY
  • Min Lot Size: 0.01
  • Commission: Yes
  • Dedicated Account Manager Available: 24/5
  • Dealing Department Transaction Hotline: Yes

Costs

9 /10

IronFX has several account types from the fixed spread, floating spread, and ECN. In the floating spread account, the minimum spread found was 0.4 is EURUSD. Moreover, the fixed spread of EURUSD is from 1.6 to 1.8 in three account types. 

Moreover, in the ECN account, there are commission-based, commission-free, and absolute zero trading accounts.

Customer Support

8 /10

The IronFX contact function is straightforward. It has an integrated contact option on the website that shows the available contact method. Moreover, the website is provided in 4 languages, but there is no FAQ section in their UK variant. Other contact details are mentioned below:

  • Phone (Customer support): +44(0)2032827777
  • Phone (Trading Desk): +44(0)2033027222
  • Email (Customer Support): support@ironfx.com
  • Email (Trading Desk): trading@ironfx.com
  • Physical Address: Broadgate Tower, 20 Primrose Street, London EC2A, United Kingdom. 

Regulation

9 /10

IronFX complies with international regulatory standards, and different entities in the group are authorized and regulated by the FCA (UK), ASIC (Australia), FSCA (South Africa), and CySEC (Cyprus).

Conclusion

IronFX is an FCA regulated award-winning broker that has enormous trading opportunities from beginner to advanced traders. The MT4 trading platform and MT4 multi trading platform allow traders to take trading decisions like the institutional traders. Moreover, the PMAM account is an exciting opportunity for traders and asset managers who want to manage multiple trading accounts from a single platform.

On the other hand, the variety in the trading account type with the presence of ECN/ STP fixed and floating spread, and trading becomes more flexible and reliable among traders. We have gone through every detail of the company during our review and found the broker reliable.

However, if you want to deposit this broker, you should observe their activity and start with a smaller deposit.

 

Reviewed By

Our Broker Review methodology

Our mission is to provide online investors with the most unbiased, comprehensive reviews and ratings of self-directed brokers. Vetted by multiple industry experts - including a financial research firm with more than 20 years of experience in broker ratings - Our Broker Ratings and Reviews embody industry best practices for research design.

See how we conduct review
  1. ethanchloe232 says:

    Reliability is up there with the best I have experienced in my trading career.

  2. harvi sharma says:

    account manager was very helpful and helped sort out a small issue I had.

  3. Ryan says:

    Fairly good, better than the last broker In was with.

  4. Easton says:

    Concur with what others have said, no perfect broker exists but these are not bad from my experience.

  5. Julia says:

    Really efficient account support very fast.

  6. Samuel Thomas says:

    Not bad as far as brokers go, good client support.

  7. Angelina says:

    would definitely recommend, they are reliable and customer care very helpful

  8. Caitlin says:

    Ive traded with them for so long i think they have remained competitive, best spreads in the market especially on majors

  9. Harvi says:

    free withdrawals and good bonuses

  10. Oscar Leo says:

    just placed first trade and everything has gone smoothly

Share Your Opinion, Write a Comment