About the company:

IronFX has established a strong reputation as a trustworthy broker. He stands out from other brokers thanks to his previous and present sponsorships with well-known companies like FC Barcelona, the Racing Yacht team, and the Korean freediving team.

Over 1,200,000 people have registered on the trading platform, and its financial products and trading platforms are accessible in more than 180 countries.

Trading platform

MetaTrader 4 is the trading platform that the broker employs. The program is regarded as among the best in the business, particularly for Forex trading. It promises user-friendly features and straightforward portfolio management and is targeted at beginners and intermediates.

Traders can install the platform on desktop computers, including Macs, using the free MT4 download. You can also conduct direct trading using the MetaTrader web trader.

You will have simple order execution with instant execution and available pending orders if you have your account login information.

With nine timeframes, over 30 technical indicators, real-time news, and automated trading features, MT4 promises superior charting. The MetaTrader Market and Signals add-on allow users to purchase technical indicators, add-ons, and signals for copy trading on the MT4 platform.

The company also provides a Personal Multi-Account Manager (PMAM) technology that enables users to simultaneously manage numerous MT4 accounts.

The broker recently introduced TradeCopier, a platform that allows traders to sign up as strategy providers, receive copies of their techniques, and get paid for their performance, or as strategy followers, where they can copy the best strategies and get paid for doing so.

Markets

There are over 300 tradable financial instruments across:

  • Forex
  • Indices
  • Shares
  • Metals
  • Futures

Spreads and commissions

For actual account types, the smallest significant currency spreads start at 0.7 pips and average 1.2 pips per day. Naturally, spreads do rise when there is little trading activity and high volatility.

As you go through the account tiers, spreads grow more competitive, and the VIP account provides the best value. Spreads and commissions are typically competitive.

You should be informed that there are additional trade expenses, though. For trading accounts that have been inactive for more than a year, the company, for instance, levies a $50 inactivity fee. When withdrawals are requested during inactive periods, the broker charges a significant 3 percent fee on deposits.

Mobile applications

There is a mobile app for the MetaTrader 4 platform for Android, iOS, and Windows mobile devices. The appropriate app stores are where you may get the app. Users of mobile devices gain full trading control without giving up functionality.

The Research app, another component of the mobile service, provides users with an overview of the financial markets and significant news events.

Trading account replenishment methods

Clients can choose from several deposit and withdrawal methods.

Deposits

  • Wire transfer—The maximum deposit varies depending on the bank.
  • Credit and debit cards – maximum deposit of $50,000
  • Skrill – $50,000 maximum deposit
  • Neteller – $50,000 maximum deposit
  • FasaPay – $5000 maximum deposit
  • China Union–Maximum deposit of 360,000 yuan
  • DotPay – PLN 200,000 maximum deposit
  • Safecharge – A maximum deposit of $70,000 is permitted.
  • Zotapay – $10,000 maximum deposit
  • IornFX Card – PLN 99,000 Maximum
  • Perfect Money has a deposit limit of $50,000.
  • Digital Assets-No Maximum

No deposit fees (covering wire transfer fees for deposits over $10,000).

Withdrawals

No commission is typically assessed while making a deposit or withdrawal.

The alternatives for withdrawal are the same as those for funding a trading account.

Withdrawal times vary from one to seven days, depending on the financial institution. Please get in touch with the support team if there are any issues with the withdrawal of funds.

The minimal wire transfer withdrawal is $100. There is a $55 transaction fee for withdrawals under $300.

Demo Accounts

There is a demo account for traders to test the platform and practice strategies. Two demo accounts are available:

  • Floating spread demonstration
  • Zero STP/ECN Demo Absolute Zero

Each demo account simulates real trading conditions. The only difference is that virtual money is used.

Account Types

There are seven trading accounts available with IronFX.

Types of current floating/current fixed accounts:

  • The micro-representations start at 1.8 pips, the minimum deposit required is $100, and leverage is available up to 1:500.
  • Spreads start at 1.6 pips, the minimum deposit required is $1,000, and leverage is available up to 1: 000.
  • Spreads start from 1.4 pips. The minimum required deposit is $10,000. Leverage up to 1: 1000 is available.
  • The zero fixed spreads start at zero pips, the minimum deposit required is $500, and leverage is available up to 1:500.

STP and ECN trading account types

  • Spreads start at 1.7 pips, the minimum deposit required is $500, and leverage is available up to 1:200.
  • Spreads start at zero pips. The minimum deposit required is $500. Leverage up to 1:200 is available.
  • Spreads start at 0.3 pips, the minimum deposit required is $500, and leverage is available up to 1:200.

Customers can start with less money and a smaller lot size on a cent account.

Please be aware that all trading accounts have access to the account manager. The broker also features a swap-free trading account for Islamic transactions.

Customer Service

Customer Support is available 24/5 in 30 different languages.

  • Support@IronFX.com is the email address.
  • Phone number: +44(0) 203 282 7777
  • Live Chat: Chat support is available in the bottom right corner of the broker’s website.
  • In the Contact Us section, FAQs can answer questions on any number of topics, from payment requests to instructions on how to close an account.

Conclusion

Both professionals and beginners should use IronFX as their broker. A vast variety of products, a reliable MT4 trading platform, and competitive spreads and leverage levels are all available. The selection of account types will also accommodate various trading approaches and capital requirements.