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Broker to Trading

This includes pros, cons and an overall rating based on our findings. We aim to help you find the best broker according to your own needs. Client security is a key aspect of the groups philosophy with client funds being held in segregated accounts in accordance with strict policies and procedures, separate from their own funds.

The broker’s achievements have been recognized by many international awards, such as Fastest Growing FX Broker 2011 and the CEO of the Year 2013 award from European CEO Magazine. The company has also received several World Finance awards including Best STP/ECN Trading Broker 2013, Best CFD Trading Broker Asia 2013, Best Customer Service Provider Asia 2013, and Fastest Growing FX Provider 2012. IronFX provides 24/5 support, email, and live chat for prospective and existing clients in over 180 countries and in 30 different languages, and in chat was responsive during several contact attempts.

Choose your Deposit Booster

This one is one of the high-performance, high-quality online trading brokers out there. If you explored the company, decided to sign up and actually download the platform, it only gets better and better with conditions, integration and assets. The news is published on a daily basis and contains the key highlights of the trading day. Please note that your trading experience will differ when you use a demo account compared to a real-money account due to human psychology, as traders find themselves under pressure when the real money is at stake.

Hi Heru, Thank you so much for taking the time to share your feedback. We look forward to providing you with the best possible service, we happily share our time and knowledge, so you can build a life you dream about.IronFX 🚀🦾Solid Trading. Dear James,We are sorry you did not have the great experience we try to give all of our clients and we would like to know more about your experience with IronFX.

Only verified trading accounts can deposit and withdraw, and the name on the payment processor must match the IronFX account name. Some payment processors have geographic restrictions, but the IronFX back office will only list the ones available to traders. I am really impressed with the variety of accounts and think it is very advantageous how you can choose depending on what matters the most to you, whether that be low spreads or no commission fee. I would personally be looking at the zero spread account as I use trading strategies that rely on low spreads at all times. I don’t mind paying the small commission fee as the broker needs to cover costs somehow. You can trade spot metals with no currency exposure, some of the most competitive spreads and industry leading trading conditions.

IronFX

I also like the IronFX fractional share dealing, which is excellent for smaller portfolios. If you are looking for the smallest possible spreads (starting from 0 pips), then you may consider the zero spread accounts. These do charge a very competitive commission which varies depending on the level of the account.

Unfortunately, that’s the only research product available at the site, other than a single “Week Ahead” video and no video archive. A YouTube search uncovered additional videos that haven’t been integrated into the site but the most recent content was more than two months old. Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital.

IronFX is an award-winning global online trading broker that offers STP/ECN services to retail and institutional investors alike. I found the broker to have rapid trade execution speeds and competitive costs. You can trade a great selection of over 300 financial instruments with a wide variety of account types to choose from, spreads as low as 0.0 pips and support in over 30 languages. I think they can be a good choice for beginners as there are plenty of educational resources and free demo accounts so that you can practice trading online. The minimum deposit required to open an account is only $100 which is great when you consider the industry leading trading platforms and conditions they offer.

Hi Tajay, We apologize for any inconvenience you may have experienced with our withdrawal process. In order to help us investigate the issue you faced, we kindly request that you provide us with more details about your withdrawal request. Available time frames include 1 minute, 5 minutes, 15 minutes, 30 minutes, 1 hour, 4 hours, daily, weekly, and monthly. Some platforms offer a wider range of timeframes, but the number of timeframes provided by MT4 is more than sufficient for practical purposes.

The account currency can be chopsen at account sign up and afterwards other accounts may be added, fiat or crypto denominated. At IronFX BM, MT4 is offered in two packages, one MT4 Standard and one MT4 Advanced. MT4 Advanced has built in Expert Advisors (EAs) and allows their use as well as offering additional analysis tools. MT4 is additionally offered as a web trader and as a mobile app. To trade on the platform, the trader opens an account at IronFX BM.

IronFX Regulations

IronFx’s non-trading fees are high compared to other brokers, including expensive withdrawals. The final trading cost to consider at IronFX is the swap rate charged on positions held overnight. Interest is paid (or received) for each night a position is held. In the case of Forex instruments, the amount charged depends on both the positions taken (i.e. long or short) and the rate differentials between the two currencies traded. IronFX’s swap rates are published on its website for each financial instrument, and the exchange is automatically converted to the base currency of the trading account of the client. UK residents will be trading under the subsidiary, Notesco Ltd (UK), authorised and regulated by the FCA in the United Kingdom.

The spreads we measured were low for some instruments, medium and high for others. Due to the big difference in the spread levels between various instruments, traders should monitor the spreads for the instruments they want to work this and decide whether IronFX suits them. IronFX also offers negative balance protection in all entities. Negative balance protection means that clients cannot lose more money than they have in their accounts.

The South African subsidiary provides traders with the best combination of business-friendly regulation and competitive trading conditions. I like the trading fees in the IronFX Absolute Zero account, where traders get commission-free spreads from 0.3 pips. VPS hosting https://forexhero.info/ exists for algorithmic traders and copy trading services are also available with a balanced asset selection and active trading community. DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence.

• The FAQ section answers the most common question, and live chat is available with fast response times for basic questions.
• Please note that there is a major difference between swap long and swap short rates in the instruments we measured.
• Traders must understand these differences to evaluate whether the broker suits their needs.
• UK residents will be trading under the subsidiary, Notesco Ltd (UK), authorised and regulated by the FCA in the United Kingdom.

There is a wide range of stock, commodities and futures available for trading. Notesco Financial Services Limited is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC). While Metatrader 4 and 5 are a bit outdated with some clunkiness, they provide reliability and vast functionality that frequent traders need. We publish unbiased product reviews; our opinions are our own and are not influenced by payment we receive from our advertising partners. Learn more about how we review products and read our advertiser disclosure for how we make money.

Base Currencies (Trading Account Currencies)

IronFX is a multi-regulated broker, and account verification is mandatory. Most traders will pass verification after submitting a copy of their ID and one proof of residency document. IronFX might ask for additional information on a case-by-case basis. I want to caution beginner traders when using demo trading as a simulation ironfx review tool, and they should consider the limitations. Demo trading does not grant exposure to trading psychology and can create unrealistic trading expectations. For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker.

On its platform, IronFX BM provides an Academy which is a resource of educational material and includes Webinars, Seminars and Expos to visit in person. Going to an Expo in the trader’s region can be a useful experience as they can find seminars by expert traders and talk in person to the broker. IronFX BM is a MetaTrader 4 (MT4) broker, with a relatively wide and large number of markets to trade (300+), for this kind of broker.

The company amazed me by an impressive variability of opportunities. You know, you can connect virtual private server, started copy trading, or tries out your strength in managing multiple accounts at the same time due to PMAM acc. There is nothing wrong with Ironfx broker that’s my conclusion after trading with it for a week or two.All the services make sense and works very good. There is some robustness to the broker and its approach to the whole trading process.

For those of you who are of Muslim faith, I am pleased to say that the broker does have swap-free accounts which comply with Sharia law. It’s great that they serve clients from all different backgrounds and with different religious beliefs. However, as with demo accounts this is something that you would expect from all brokers nowadays. IronFX does not offer trading services to residents of certain jurisdictions including USA, Cuba, Sudan, Syria and North Korea. If your country is not accepted, please feel free to take a look at our broker comparison tool for alternative options.

They also offer corporate and institutional accounts, with a dedicated business account manager who can prepare a bespoke service package catered to your needs. Investopedia is dedicated to providing investors with unbiased, comprehensive reviews and ratings of online brokers. We established a rating scale based on our criteria, collecting over 3,000 data points that we weighed into our star scoring system. Beginner traders will benefit from the low minimum deposit ($50) and educational webinars. Advanced traders will have plenty of account options to choose from.

The number of available forex pairs, indices, and commodities is high, which is also suitable for advanced traders. I like the trading environment at IronFX in the Absolute Zero account due to its competitive trading fees. IronFX is an ideal broker for Forex traders due to its above-average choice of currency pairs. The well-structured trading environment and dedicated customer support team, make it a great broker to register with.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.35% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. IronFX offers accounts denominated in GBP, which means that UK residents will not have to pay currency conversion fees. Additionally, the overall trading costs are higher than average across all seven accounts, though the accounts themselves do offer more benefits tied to higher minimum deposits. Minimum deposits are higher than average across all the account types too, with most accounts requiring at least 500 USD.

IronFX’s trading fees are significantly higher than most other brokers, and it has a complicated account structure. Currently, IronFX content is mostly focused on beginner traders. However, advanced traders may also find something interesting in the videos. IronFX received a high score for the Account Types and Terms category in our rating. IronFX also provides access to cryptocurrency pairs, including rather exotic options like XRP/JPY and ETH/GBP. IronFX received a below-average score in the Fees category in our rating.

Trading accounts can be opened in a generous range of currencies which are USD, EUR, GBP, AUD, JPY, BTC, PLN and CZK. The various different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency. They could improve by adding some crypto payment options but that is not really a deal breaker from my perspective.