IronFX Review 2022: Legit Forex Broker or Scam?

But now this broker spreads its operation to UK & Australia and you can open your financial account & make your trades from anywhere in the world. IronFX offers a great fit for traders at low to medium skill levels, with flexible account types that suit many investment and trading styles. Money managers can also benefit from a personal multi-account manager that allows trading of multiple Metatrader accounts. Professionals trading their own accounts may wish to look elsewhere, despite tiered pricing, due to the lack of volume discounts or a proprietary high-end trading platform.

However, according to reviews, we can conclude that the company mainly takes crypto payments, which is the least safe option. At the time of writing, we found 275 IronFX reviews on Trustpilot. However, what’s concerning is the warning regarding fake reviews that were detected and removed. In 2015, CySEC fined IronFX 335,000 EUR for refusing to approve clients’ withdrawal requests. IronFX is a worldwide trading brand with several licenses. While duly regulated, the company has over 70% of investors who lose their funds in the end.

What is IronFX?

Besides everything mentioned above, we’ve got official authority warnings regarding the IronFX broker. The first one was issued in 2015 by the Brazilian Securities and Exchange Commission. According to CVM, IronFX is not authorized to onboard residents from the said country as it’s not approved as a financial intermediary. In addition to IronFX’s regulation with CySEC, the firm has the approval of the UK FCA regulator. The company entered the FCA register in 2013 as Notesco UK Limited. Finally, they hold a license from the South African FSCA.

They can write them online through an application and then have the withdrawal of funds. When we talk about the services and facilities that traders can benefit from with IronFX, then, in that aspect, it’s an excellent choice. The best trading features and several trading opportunities in various trading instruments make it the best. If you’re looking for a complex platform that can handle even the most advanced trading strategies, you should definitely consider MetaTrader 4 and its successor, MT5. MT4 is the best platform on the market, the favorite choice of over 50% of retail traders such as yourself.

Examine the in-depth IronFX evaluation based on a variety of services and factors. 🦾 At IronFX, we understand that every trader has different preferences and trading strategies, which is why we offer various account types with unique features and benefits to cater to each trader’s needs. We’re glad to hear that you found the account options suitable for your trading style and preferences. 🤩 Thank you for choosing IronFX, and we look forward to providing you with excellent trading conditions and services. Thank you for taking the time to share your positive experience with IronFX! 🙌 It’s great to hear that you’ve had a hassle-free and fast withdrawal process.

While Metatrader 4 and 5 are a bit outdated with some clunkiness, they provide reliability and vast functionality that frequent traders need. IronFX opened for business in Cyprus in 2010 and has now expanded into more than 180 countries. In addition to EU regulation through the Cyprus Securities and Exchange Commission , they are licensed as a registered investment firm in the United Kingdom, Australia, and South Africa.

📵 What deposit and withdrawal methods IronFx supports?

Companies can ask for reviews via automatic invitations. Yep, we can touch upon some other traits like kit of presented assets, leverage, spreads etc. but see no sense, there are no issues with them. The conditions are appealing, the platform works stably and is technically equipped.

The regulatory body ensures the security of https://forexhero.info/, money laundering prevention, and data security. IronFX is a good broker for novices up to intermediates. They offer the reliable MT4 trading platform, a range of products, plus competitive spreads and leverage levels. The choice of account types will also suit varying trading styles and capital needs.

• The lack of two-factor authentication in both Metatrader versions adds a security hole that needs to be fixed.
• You can easily download the app from the App Store or Google Play and enjoy the same features and tools as on the desktop version of our platform.
• They operate a counterparty dealing desk, raising conflict of interest issues, but offer direct interbank trading access in some account types.
• It’s important to mention that the offshore company has no license whatsoever and has a branch in Gibraltar as well.

These five steps include your information, questionnaire, documents, and deposit. I think none of the other brokers out there are capable to do such good custom pricing. In my opinion this type of features of the broker should have more exposure. Been researching the blog of this broker for quite a white.

Overall IronFX Ranking

You can trade on the most popular and reliable trading platform, MetaTrader4 , with IronFX. In addition, the broker’s learning and research center has multiple tools and resources for the convenience of clients. Investing in the financial markets necessitates forethought and thorough market research; one cannot simply put their money in danger. A lot of brokers are available to help traders who require assistance. Every broker, on the other hand, has its own set of financial conditions and features to offer its clients.

It is very easy to trade in the mrkets when you are a professional trader, but not very easy to find the right broker. IronFX is the ideal choice for those who take online trading seriously and want to do well. They offer great tools, flexible leverage and various accounts to fit your needs. I am very happy with them and will recommend to all traders.

Hello Abbondio, Thank you for your interest in IronFX. We offer a wide range of assets for trading, including over 80 forex pairs, 30 commodities, 150 stocks, 30 indices, and 30+ futures. Our extensive range of assets allows traders to diversify their portfolios and take advantage of market opportunities in various asset classes! With our user-friendly trading platform, customizable charts, and automated trading capabilities, we strive to provide our clients with the tools they need to make informed trading decisions. Additionally, our mobile trading app allows you to stay on top of the markets and trade on-the-go.

Is IronFX Scam or Legit Broker?

I’d only note that the learning center lacks some webinars or maybe seminars, you know, when you can attend them and put all the dots on “i’s”. We take such matters seriously and are investigating the situation to determine who created the account and why. This broker provides all of them, which all are a a plus. Please note that this review has not been posted by a verified client of ours. We take the integrity of our platform very seriously, and wanted to let you know this company hasn’t been playing by the rules. When we uncover misuse, we take action and alert our community.

They have very dodgy withdrawal policy and you will never see your money again. Please rather look into registered and trustworthy brokers. IronFx is a horrible company that needs to be arrested for fraud and theft, visit support at onestandardfinance com to recover your funds from them. Minimum EUR/USD spread is listed at 0.7 pips while average spread is listed at 1.2 pips. These numbers may be deceiving, given the broad variety of accounts, fees, and routing choices. Spreads drop significantly on major Forex pairs between Micro and VIP tiers but minor pairs show no variation.

Noel Alberts is a seasoned journalist for BusinessMole, specializing in startups and entrepreneurship. Her articles offer a fresh perspective, combining informative content with captivating storytelling. With a keen eye for detail and dedication to journalistic integrity, Noel is a trusted source of insights into the challenges and opportunities of the entrepreneurial landscape. Her unwavering curiosity and exceptional storytelling skills make her a respected authority in the world of startups. Notesco Limited is registered in Bermuda with registration number and registered address of Clovelly, 36 Victoria Street, Hamilton HM 12, Bermuda.

If you are with the Commonwealth Bank you are out of luck because they are the only bank in Australia that refuses to do chargebacks against scammers even though they are required to by MasterCard. At least I shut down the ironfx Australian office like I told them that I would do. Since its establishment in 2010, Iron FX has become one of the most trusted brokers among the retail traders. And according to IronFX reviews by the Forex traders, both the popularity and reliability of this broker is increasing every day. This online broker is owned by IronFX Global Limited which is a reputed investment farm of Cyprus and also the owner of another reputed broker FX Giants.

Many of the online brokers we evaluated provided us with in-person demonstrations of their platforms at our offices. Next, traders have to provide basic personal details and upload documents for verification. For the offshore entity, payment methods are not specifically listed.

An account manager is available with all of IronFX’s trading accounts. When we used IronFX, our experts also found that scalping, hedging, intraday trading and swing trading are all accepted. IronFX customers can choose from a good range of deposit and withdrawal methods. MetaTrader 4Armed with account login details, you will get straightforward order execution, with instant execution and pending orders available. MT4 promises advanced charts with nine timeframes, over 30 built-in technical indicators, real-time news, plus automated trading capabilities.

You essentially get a powerful button that flushes your personal information from the online world and enforces existing data privacy laws. For the price of a coffee a month, it’s totally worth it. However, it’s your obligation to read the potential signs every time you are about to engage in an online business. Last but not least, remember that even the best businesses in the world have occasional complaints and unhappy consumers.

• IronFX has built a reputation as a solid and reliable broker who strives to support and empower beginner and advanced traders to reach their goals, while creating an exceptional trading experience.
• IronFX does not offer its services to residents of certain jurisdictions such as USA, Cuba, Sudan, Syria and North Korea.
• Client funds are segregated from company funds, reducing the potential for misuse.
• A comprehensive FAQ addresses most inquiries while tutorials on trading platforms shorten relatively steep learning curves.

Clients can choose between two types of floating and an equal number of fixed accounts that offer different spread schedules and fee structures. Several account types allow retail clients to bypass IronFX’s dealing desk, which carries a systematic conflict of interest, and trade directly with the interbank system. Accounts are tiered into Micro, Premium, and VIP levels, depending on capital commitment, with spreads dropping on major Forex pairs between tiers. IronFX is a forex broker, offering the MT4 and MT4 WebTrader forex trading platforms to clients from all around the world across multiple continents.

IronFX vs Other Brokers

ironfx review 4 and 5 for Android, iOS, and Windows Mobile provide easy integration with desktop and tablet versions. They also offer the free IronFX Research app, which has no trading functions. Metatrader 5 adds important features lacking in the older version but retains frustrating aspects of this industry-standard software, including weak customization and limited conditional orders. The lack of two-factor authentication in both Metatrader versions adds a security hole that needs to be fixed. The source of this information is the website and the broker’s trading platform listed in the Web section of this review.

Thank you for choosing IronFX as your preferred online CFD broker. If you ever have any questions or need further assistance, please don’t hesitate to contact our Customer Support team at We’re always here to help. This is why they are offering great courses and proper promotions. Your job as a trader to take advantage of what is offered to you and enhance your skills as a trader. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. Please accept our sincerest apologies for any inconvenience this may have caused you.

Read on to discover whether you can trust IronFX and explore trading by opening a live trading account and depositing your own funds. Mobile users benefit from total trade management without having to sacrifice functionality. The mobile offering also comes with the IronFX Research app which gives users an overview of the financial markets and major news events. Hello Albert, We appreciate your interest in our company. Since 2010 we provide our valuable customers with best-in-class platforms and tools, professional-grade execution, and industry-leading customer service.