We have done an extensive analysis of this company, studying the customer reviews that are provided on the Internet and collected the most important information. We decided to approach it from different angles in order to study the markets offered by the company, the trading tools that can be used by customers and also to assess the possibility of charting. There was a comparative analysis of Iron Max Group’s commissions compared to other representatives of the industry.
The company has become widely known due to its flexible policy in cryptocurrency trading, the disadvantage is the small number of other asset types relative to competitors. The company is in step with the times so it offers a large number of innovative options that make the company stand out. For example, regarding Copy Trading or robotized trading, here the company strives to become a world leader.
Despite the fact that the company was founded in 2007, it is innovative and always uses new approaches to trade. In spite of the fact that the company is registered in Saint Vincent and the Grenadines, the main part of its clientele are traders from Europe. The total number of countries of clients the company works with has long ago exceeded one hundred. Physical offices of the company are in Cyprus, the UK capital and Spain.
Platforms for trading
Today almost any company working in the financial markets uses the software by Metatrader producer, Iron Max Group company also has its own development platform Iron Max WEB.
I declare the platform is multi-language. Some languages were tested, including Russian, where problems were not detected, but many other interfaces gave errors. Of course, it is worth paying attention and fix the bugs especially for customers from Germany and Poland.
Execution of orders
The company has positioned itself as an STP And ECN broker. This means a client has access to liquidity providers directly, which provides the lowest price possible for different types of assets and moreover reduces slippage. For example, clients who prefer to work on Forex and choose the MT4 program receive liquidity from banks directly. Moreover, the major part of spreads will be 0.2 pips. Companies offer generous leverage at the level of 1:400.
After analyzing the reviews, we realized that the company has a reputation as a fairly reliable provider in the financial market, the tools are useful for traders of all levels of knowledge and experience.
The tester of the browser version, we have noted that it is impossible to open several pop-up windows at once and it was not possible to work in multitasking mode. This can lead to disappointment for experienced traders.
The company has one of the best customer support service on the market, up to the fact that there is a forum for clients where they can share information and discuss various issues. There clients can also leave their feedbacks and suggestions about the company or its instruments.
Unfortunately, the number of instruments is not as extensive as those of competitors, for example the number of ETF funds is only 20, while other companies can reach 2,000.
Bonuses and promotions
The company usually offers to increase the initial deposit amount by 30% with your own funds, only so you can open larger transactions, but please read the terms and conditions before accepting the bonus.
Making a choice in favor of margin trading, you should not forget about high risks. The company has a minimum deposit of $200.
As for the customer incentive system, information regularly appears on the site in various promotions and bonuses.
It has a wide range of text and video materials and in addition to various text and video materials has a calendar of economic events, news feeds, trading signals and analytics on various assets.
The company focuses on clients who are not in one place, so it has an application for devices based on both Android and iOS.
It is worth noting that mobile applications have the same set of tools as the desktop version, and most recently, a chat option with a specialist was added to the mobile version of the trading terminal.
A client who has no experience or time to study the financial market can use copy trading, in this way you will understand the trading process and add more and more strategies to your trading.
Signals, this option can be connected to the platform from MetaTrader, there is a corresponding manual and algorithms. Judging by the numerous reviews, customers are satisfied with the level of trading signals.
Trading digital assets
Customers are available almost the entire line of major cryptocurrencies, of course, the financial leverage on digital currencies is much less, as the market is very desirable, the minimum lot size on the cryptocurrency is 0.01.
A trailer of cryptocurrencies from 1.7 to 6.1.2 can be traded through trading platforms. A nice bonus will be round-the-clock trading in the crypto market, unlike the stock market. The very process of generating income on cryptocurrency trading, so there is no need to open yourself cryptocurrency wallets. Enough, convenient, fast.
Unfortunately, the company does not cooperate with clients from Syria, North Korea, USA, Japan, Cuba, Brazil and, Kazakhstan, some others. Before you open a trading account, find out if your country is on the list of available ones for working with Iron Max Group company.
The company is well known all over the world and provides easy and fast access to different financial markets. The commissions are low and the services offered to customers are of sufficient quality. The undoubted advantage will be copy trading, and the disadvantage will be the lack of a large set of ways to deposit and withdraw profits.
However, the quality of regulatory organizations, or rather the level of trust, is not at the highest level. Only if the company plans to further develop, you should think about cooperation with the leading regulators of the industry.
At the end of this review you will have the opportunity to leave your feedback about the company, in case you are its client.