IronFX is a forex broker that promises its clients world-class trading platforms, customer support, and innovative features, among others. But as with any other online forex broker, the true value of IronFX goes beyond what the company claims on its website. In this post, we will conduct an objective review of IronFX to bring you the reality of trading with this broker – beyond the marketing hype.
IronFX was founded in 2010 and is regulated by multiple financial authorities, including the Cyprus Securities and Exchange Commission (CySEC) and the Financial Conduct Authority (FCA) in the UK. The company boasts of having over one million clients from 180 countries and claims to process over 1.5 million trades every month. But is this enough to make the platform worth your consideration?
IronFX offers multiple trading platforms, including the world-renowned MetaTrader 4 and 5, WebTrader, and mobile trading apps. Their web and mobile applications are user-friendly and ideal for traders who prefer to trade on-the-go. The trading platforms are packed with innovative features, including the ability to trade in micro-lots, in-depth chart analysis tools, and social trading, among others.
To open an account with IronFX, you need a minimum deposit of $100. You can fund your account via multiple methods, including bank transfers, credit and debit cards, e-wallets, and local payment methods. When it comes to customer support, IronFX ticks all the right boxes. They offer 24/7 customer support through multiple channels, including live chat, email, and phone support. The support team is efficient, knowledgeable, and handles customer inquiries professionally.
IronFX offers over 200 trading instruments, including currencies, commodities, indices, and shares. Their spreads and commissions vary depending on the type of account you open. The company offers four account types: Micro, Premium, VIP, and Zero. The Micro account has the lowest spread, starting as low as 1.8 pips, but also comes with the lowest leverage of up to 1:1000. On the other hand, the Zero account has no spread but instead charges a commission per trade. If you are a high-volume trader, the VIP account would be ideal for you.
In short:
Ironfx review presents a great solution for online forex traders looking for a reliable and regulated forex broker. The company’s trading platforms are user-friendly and come with innovative features, while their customer support is top-notch. Although the spreads and commission vary depending on the type of account you open, their trading instruments cover all the major assets, including currencies, indices, commodities, and shares. Overall, IronFX is worth considering for any forex trader looking for a broker that has it all – beyond the marketing hype.