IronFX Review 2018
We will try to cover the most important in-depth details about a broker in this IronFX Review adopted for 2018. IronFX has been launched in 2010 and is based in Cyprus. They have licenses in the UK by the Financial Conduct Authority (FCA) and in Cyprus by the Cyprus Securities and Exchange Commissions (CySEC). Furthermore, they are licensed by the Australian Securities and Investments Commission (ASIC). The company brand is probably known to fans of FC “Barcelona” since IronFX sponsors the club. Also, it has even three branches in different countries – the United Kingdom, Australia, South Africa, and Cyprus.
The broker IronFX provides access to a broad selection of financial markets from Forex, CFDs, commodities to cryptocurrencies through a variety of account types which include micro accounts and non-dealing desk accounts.
IronFX Fees and Spreads
The broker applies slightly higher commissions compared to average size for small accounts. However, VIP accounts and premium investors with larger balances get many discounts and fees reductions. There is a spread and minimum commission for single stocks but no maximum commission. Spreads and fees may vary depending on the asset and volatility. We recommend to check them individually before starting to trade.
IronFX Trading Experience
First of all, all funds of the customers are insured. Also, client funds are segregated from corporate funds. And FCA, CySEC, and ASIC authorities regulate IronFX, as we’ve mentioned it before.
IronFX provides its customers with MetaTrader 4, also Webtrader 4 (it is customized and adopted by IronFX) and mobile applications. That means a trader can access its account wherever he is. Everything works smoothly, even an amateur trader shouldn’t get confused when using a software for the first time. On the other hand, the mobile app lacks security features like fingerprint or PIN for accessing an app and auto log out after some inactivity time.
Traders have plenty of tools and functions which help to go through a trading process. Starting with stop losses, limit trading, one-click trading, VPS, expert advisors and much more. And ending with Direct market access (DMA), scalping and hedging. In the table below you’ll find more in-depth details about functions, types of accounts and markets.
Insights, Informational Tools, and Education
IronFX provides many tools and functions for tracking markets. The platform includes real-time news feeds, calendars, and advanced data analytics for deeper researches. The broker has a stand-alone application for mobile devices called IronFX Research as well. In addition, the company provides insights of what trades other customers do. Also, daily videos are really worth mentioning here. On the other hand, only a few analysts provide you with a market analysis and opinions, what can lead you to only very subjective decisions.
Besides all these informational tools, insights and feeds, IronFX provides customers with a lot of educational materials. Everything has its own place and do not require a lot of effort to find an answer. Also, tips and tricks for using MetaTrader 4, plenty of ebooks are available to download too. All your learning course tracks automatically and continues from where you have left. It’s a great free way to expand your knowledge in all the spheres.
IronFX does a great job here. The broker offers various ways of reaching – phone, live chat, and email. Customers get a help fastly and informatively. IronFX gives a lot of toll-free numbers for customers around the world.
In addition, the broker provides users with really informative FAQ and documentation. That minimizes the number of questions and obscure points to the lows.
To sum up, IronFX is one of the top online brokers right now. A lot of supported markets and types of accounts make it even more attractive for both kinds of traders – amateurs and advanced wolfs of Wall Street. Wide selection of trading tools, very informative insights, and educational materials are really useful for all customers which want to gather more positive trading experience. And the most important – high selection of markets and trading assets.
Attention: Some of the information provided here may be outdated or changed since the date of publication. Please double check spreads, payments and other important information before opening an account and making a deposit.
Spreads can vary depending on volatility. A full list of spreads, commissions and fees can be found on the IronFX page.
|Excluded countries||USA, Iran, Cuba, Sudan, Syria and North Korea|
|Languages||English, German, Spanish, French, Italian, Russian, Polish, Portuguese, Czech, Slovenian, Arabian, and Chinese|
|Licenses||FCA - FRN: 585561, CySEC - License: 125/10, ASIC -AFSL: 417482|
12th Floor, Broadgate Tower, 20 Primrose Street, London, EC2A 2EW
Level 17, 9 Castlereagh Street, Sydney, NSW 2000
Unit 38 (5th floor) Katherine & West Building, Cnr. Katherine and West Streets, Sandton 2196, Johannesburg, South Africa.
2, Iapetou Str., Agios Athanasios, 4101 Limassol, Cyprus