IronFX Review Is it a Scam or Legit Forex Broker ️

Spreads start from just 0 pips whilst all trading instruments can be accessed using one account across all trading platforms. Whilst you will find the most popular cryptos, major currency pairs and stocks on major companies, they don’t quite compare to brokers such as Swissquote who have thousands of instruments. These tools can be used to assist with finding potential trading opportunism, analysing the markets, risk management and more. I was especially impressed with the market analysis and research tools.

IronFX accepts clients from all over the world, excluding USA, Cuba, Sudan, Syria, North Korea and some other OFAC sanctioned countries. Be aware, UK company has some trading restrictions because of the European Securities and Markets Authority influence. IronFX BM – legally registered entity located in Bermuda, but not regulated by any government agency.

  • MT4 has thousands of EAs, and traders may explore them to determine if they suit their trading style.
  • We tried the livechat experience with IronFX, and it was very effective.
  • You need $100 to start any kind of account with IronFX, so they make sure to get the deposit up and running within the day so you can get to work.
  • A great trading website needs to offer a good amount of different trading platforms.
  • Check out our brief list of the best strong points that IronFX Forex broker offers.

Across the banner, you have trading markets, trading platforms, the IronFX school; everything a new trader needs to get started with the platform. When you set up your account, cycling through everything is simple. 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. IronFX is a trading platform that knows their market, and they excel at providing a great experience for new customers, and new traders in general. The signup bonus offer they provide is a fantastic one, one that newer traders will certainly appreciate.

Is Ironfx Registered and Licensed?

The economic calendar is an extremely useful tool for staying up to date with the latest market news and as part of a trading strategies fundamental analysis. Using the calendar, you can track financial news releases that have an impact on various markets. The calendar displays the previous/forecasted/actual results of the news releases and the markets they are expected to have an impact on. You can filter according to level of impact, date/time and markets. I think this is a vital tool for being aware of what is happening around the markets before taking any trades. IronFX offers a demo account so you can try the IronFX platform with virtual trading before you put down a payment.

If that was the case, I wouldn’t want to be waiting around for days whilst a bank transfer clears. I am really impressed with the variety of accounts and think it is very advantageous how you can choose depending on what matters the most to you, whether that be low spreads or no commission fee. I would personally be looking at the zero spread account as I use trading strategies that rely on low spreads at all times.

We highly recommend IronFX for those of you looking for a top-notch broker. However, we would always advise traders to start off with small trades to begin with, or better still open a demo account to get a feel for the broker before risking any real money. It has Zero-spread accounts, Micro accounts, Premium Accounts and VIP Accounts. It is immediately visible that the Zero-spread account has a lot of disadvantages because it has high commission rates and the investor is unable to choose between fixed and variable spreads. These accounts are available in the following currencies USD, EUR, JPY, GBP, AUD, CHF, PLN, RUB, HUF, the exception being the VIP Account.

The share size of this broker makes it easy to give customized support to different people around the globe, regardless of the region. This is offered because of the numerous liquidity providers IronFX collaborates with. This is one of the biggest and most respected new brokers in the business. Their customer service is always at hand, and always willing to resolve your issues quickly. Our IronFX review just found that they just provide something different in every aspect, and everything they do is quality.

Instead, they can monitor the markets through their mobiles whenever they are. Mobile trading with MT4 allows you to have complete control over a trading account and trade from anywhere 24/5. Since its establishment in 2010, Iron FX has become one of the most trusted brokers among the retail traders.

Broker Details

It’s time to put your trading skills to good use and teach others how to trade by following your own trading methods. Traders have the opportunity to trade on 15 platforms at once with only one account. They can enjoy the benefits of forex trading through the industry-leading MT4 online trading platform. MetaTrader 4 is supported in Windows, Mac OS, Linux, iPhone/iPad, Android, and any internet browsers. Yes, IronFX offers virtual portfolio accounts so you can test your trading strategies before risking any real money.

  • And the good news is your funds are safe under Financial Services Compensation Scheme in UK and Investor Compensation Scheme in Cyprus up to 50,000 pounds.
  • The Android IronFX MetaTrader 4 application enables traders to make the most of multiple advanced trading features which enables them to monitor and trade quickly on the go, simply and securely.
  • IronFX accepts clients from all over the world, excluding USA, Cuba, Sudan, Syria, North Korea and some other OFAC sanctioned countries.
  • This broker also has brands in the UK, South Africa, and Australia.
  • If your balance is negative, IronFX suggests that you promptly contact client services.

All trading accounts can be funded through all the usual payment methods, including e-wallets like Skrill, Neteller, FasaPay, and DotPay. In addition, bank transfers and card deposits are of course also available as usual. At the time of this writing, however, cryptocurrency deposits are unfortunately not accepted by IronFX. If you prefer a fixed spread for your trading strategy then you could consider a no commission account.

MT4 Webtrader Trading Platform

They’ve got your traditional, by the numbers trading platforms with WebTrader and MetaTrader 4 and 5. However, they have some pretty nifty trading platforms that you’d be hard-pressed to find anywhere else. The PMAM allows you to manage several different forex accounts all under one banner, and it can work in conjunction with MetaTrader 4 to offer a great experience for any professional trader. Once you are done setting up your profile, you must deposit a minimum amount to get started.

Self-confessed Forex Geek spending my days researching and testing everything forex related. I have many years of experience in the forex industry having reviewed thousands of forex robots, brokers, strategies, courses and more. I share my knowledge with you for free limefx official site to help you learn more about the crazy world of forex trading! Any beginner in Forex broker trading experience desires to find a website that is easy to be operated and intuitive enough. All of these are possible thanks to proper and customer-friendly software types.

Access your trading account anywhere, at any time, reduce, or even eliminate, downtime and speed up your trading journey. Register with IronFX and ensure your exclusive access to our AutoTrade solution, which allows you to choose and copy the best performing traders along with their strategies. The fact that IronFX offers a free practice or demo account is very attractive, especially for new users. LimeFX, registered with the Commodity Futures Trading Commission , lets you trade a wide range of forex markets plus spot metals with low pricing and fast, quality execution on every trade.

  • Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering.
  • Terms and conditions do apply and none of this bonus cash can be taken out of traders’ accounts.
  • MT4 offer flexible deposits, and traders should select an amount similar to what they plan for their live trading account.

While IronFX supply you all the tools to earn money, they can’t guarantee that you will gain. They are regulated by Financial Conduct Authority , Cyprus Securities and Exchange Commission , Australian Securities and LimeFX Commission and must adhere to their rules. However, due to regulations IronFX does not accept clients from Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America. You can use debit or credit cards Which range from Visa, Diners, and Maestro to MasterCard and Visa Electron.

IronFX Commissions & Spreads

Or, maybe you’ve reached a peak on your forex trade, and you want to sell and withdraw so you can reap the rewards quickly. Well, IronFX have you covered, because they make everything as hassle-free as you’d wish it to be. You can even set up a simple value or cent account, which deals with just the currency you want to deal with, with no bells or whistles attached to it.

IronFX forex brokers reviews

Top Forex Brokers hopes that IronFX will make it through the difficulties and restores its reputation, as it was always offering great IronFX bonuses. Nevertheless, some people would say IronFX is a scam, as they still couldn’t withdraw their fund from this broker. It’s always important that you check if a trading platform is fully regulated and legislated before you start depositing money with them. Your safety is on the line, along with your LimeFXs – a platform must have a few different regulations, such as negative balance protection. The VPS is essentially a VPN that allows you to securely and quickly trade anywhere within the heavily locked IronFX network.

Can you trade agricultural shares with IronFX?

One of the most ignored trading costs is swap rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade. I always recommend that traders check them before evaluating the total trading costs. The commission-based alternative lists 0 pip fixed spreads but commissions ranging between $18.00 and $43.00 per lot. There are also institution-oriented accounts – Affiliate, Affiliate Plus, Business and Managed accounts.

They will then trade your money away without your authority until there is nothing left. In reality it is just a demo account and you won’t be able to withdraw anyway… Any beginner trader may develop a foundation for prospective success with the correct amount of preparation, effort, and strategy. As a beginner trader, you must devote time to studying and learning about trading before joining the market. The more equipped you are, the more likely you will attain your goals.

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