What is IronFX? Is it a scam?

IronFX Global's headquarters are located in Limassol, with other global offices in London, Sydney, Johannesburg, Prague, and Madrid. To find out what IronFX is and if it's a scam, read the article below by Mytour.

What is IronFX? Is it a scam?

Trading Conditions

- Trading Assets: over 130.
- Option Profit: up to -%*.
- Minimum Deposit: 50 USD.
- Minimum Trade Amount: 10 USD.
- Demo Account: Available.
- Online Registration: Available.
- Support Phone Number: +44(0) 203 282 7777.
- Live Chat Support: Available.

General Information about IronFX

IronFX offers services including Contracts for Difference (CFDs) on forex, stocks, futures, precious metals, and cryptocurrencies. Additionally, IronFX supports over 30 different languages from more than 180 countries worldwide.

Pros and Cons of IronFX

Some advantages of IronFX include:

- Regulation: This broker is authorized and regulated by authorities such as FCA, CySEC, FSB, and ASIC, ensuring economic viability for the broker and integrity for clients.

- Best Trading Environment: IronFX is one of the platforms offering the lowest prices on the market, combined with flexible leverage of up to 1:1000, depending on the registered trader and account type.

- Trade Execution: Instant Execution orders are executed without slippage, with 99.62% of all trades executed in milliseconds. Market Execution orders do not require 100% of trades to be executed in milliseconds.

- Maximum Liquidity: The broker collaborates with 16 rated banks to provide access to maximum liquidity.

- Research and Analysis: IronFX's research and strategy team prepares daily reports, including fundamental and technical analysis, an overview of the global economy, and the financial calendar of economic announcements. These reports are sent to customers daily.

- Excellent Customer Service: Dedicated account managers can provide support 24/7. Toll-free support numbers are provided for 12 countries for traders to call whenever they need assistance. If the broker is not online, messages will be automatically recorded and will be answered as soon as they are back online.

- Safety Fund: Client investments and funds are protected in the safest, most transparent, and most integrity way.

- Fund Accounts: Top international bank funds through a simple customer interface without fees. IronFX provides customers with various ways to deposit funds into their accounts, such as bank transfer, credit card, debit card, via e-wallets like Skrill, Neteller, and other methods in countries like Boleto in Brazil, ... .

- Trading Products and Platforms: IronFX offers 6 types of trading products and 10 trading platforms.

Trading Conditions

To open an account with IronFX, traders must deposit a minimum of 50 USD into their online account or 500 USD into their STP/ECN account. IronFX offers 6 different trading accounts, allowing traders to choose an account based on their strategy.

3 out of the 6 accounts incur no commission fees, including Live Floating Spread, Live Fixed Spread, and STP No Commission. Spreads range from 1.1 pips and fixed at 2.2 on EUR/USD. Premium and VIP accounts have spreads applied with larger margin requirements.

The maximum leverage with IronFX reaches up to a ratio of 1:1000 for a specific entity, making it one of the highest leverage ratios among all Forex brokerage companies.

Underlying Assets

IronFX offers customers the ability to trade over 130 currency pairs, commodities such as oil and energy, precious metals, agricultural commodities, and a range of contract for difference (CFD) products based on indices, as well as stocks. Recently, IronFX has also introduced cryptocurrency trading, including Bitcoin, Ethereum, Litecoin, and Ripple.

Trading Platform

IronFX focuses its trading on Metra Trader 4 (MT4), the platform most preferred by traders worldwide. This platform is available for PC, MAC, mobile phones, tablets, and web versions, offering 3 modes of trade execution: Instant, Market, and Pending, as well as Stop orders. Additionally, a range of technical indicators and Expert Advisors (EAs) as well as charting packages are available on this platform.

Some other features of MT4 include: One Click Trading, trade history reports, real-time prices, and news.

IronFX offers a free Virtual Private Server (VPS) to customers who deposit and/or maintain a balance of 5,000 USD in the following months. VPS is mainly used by traders using Expert Advisors, allowing them to trade with robots and operate more efficiently.

Furthermore, IronFX also provides opportunities for money managers and professional traders to use the Personal Multi-Account Manager (PMAM) and can trade on multiple Mt4 accounts simultaneously.

Mobile Trading

IronFX allows traders to trade even when not working and monitor financial markets.

Trading on IronFX's mobile app is very user-friendly and it closely resembles the features of Desktop MT4. The only difference is the layout and size of individual interface elements. The Mt4 app is available on Google Play and the App Store for iOS and Android devices.

Demo Account

Traders can create free demo accounts by visiting the IronFX homepage, then clicking the red Open Demo account button. A trader can choose from 4 different types of accounts with a maximum virtual amount of 100,000 USD. The demo account allows traders to use their trading strategies before depositing and trading with real money.

VIP Account

VIP accounts allow traders to invest over 20,000 USD. Traders can choose between Fixed spread and Variable spread and benefit from the lowest spread rates starting from 0.5 / 0.7 pips, dedicated account management 24/5, and hotline trading. VIP accounts are provided with a free Virtual Private Server (VPS).

Account Opening

Traders only need to complete the registration process, including 3 simple steps, submit a copy of their ID and proof of address, and the trading account will be opened within 24 hours. Deposits can be made via debit card, credit card, Bankwire, Skrill, Neteller, and other payment methods.

Withdrawal

Traders receive the initial deposit amount through the original payment method used. Profits from trading can be sent to the trader's bank account or any IronFX-provided e-wallet service. However, traders submit a withdrawal request from their client portal. Additionally, traders can track their withdrawal requests by entering their transaction history from their client portal.

Trader Education

IronFX educates traders by providing them with all the information about Forex. Traders can refer to the broker's instructional videos, ebooks, economic calendars, Forex encyclopedia, live economic news. To find this material, traders simply need to visit IronFX's homepage and click on the Academy tab.

Trading on IronFX

IronFX has consistently won a series of awards and accolades over the past 8 years. IronFX has successfully built a reputation as one of the most reliable brokers. Their service quality and bonuses are truly worth a try for traders looking for a new broker.

Learn more about FXMasterBot: What is it? Is it a scam?

So there you have it! Mytour has provided you with the answers to the questions: What is IronFX? Is it a scam? With that much information, are you ready to trust this trading platform? Also, you can explore some of the most reputable Forex brokers. Share your thoughts with Mytour!