IronFX provides a one-of-a-kind web-based CFD trading. Their internet trading tool is user-friendly, simple to operate, and powerful enough to achieve its goals.
The iconic MT4 trading platform and the vintage mobile trading apps for Android and iOS will appeal to experienced day traders and investors.
A Forex broker, such as IronFX, gives traders access to one or more platforms to purchase and sell foreign currencies.
Retail or currency trading brokers are other terms for forex brokers. These broker companies, in turn, help retail currency traders gain access to the 24-hour currency market for speculation.
Who is IronFX- Is it Legit to Trade?
IronFX’s conduct is one of the greatest criteria for determining the broker’s safety.
IronFX is a trade name of Notesco Limited. Notesco Limited is registered in Bermuda with registration number 51491 and registered address of Clovelly, 36 Victoria Street, Hamilton HM 12, Bermuda. The group also includes CIFOI Limited with registered office at 28 Irish Town, GX11 1AA, Gibraltar. CIFOI Limited is wholly owned by Notesco Limited.
IronFX was founded in Limassol, Cyprus in December 2010 after obtaining authorization by the CySEC. In 2013, IronFX opened an office in Australia and became regulated by the ASIC, while it also received authorization of the FCA in the UK.
Client funds are also kept in separate accounts by the broker.
Pros
- More than 350 tradable financial instruments
- Advanced and well-managed trading platform
- Regulated brokerage firm
- Easy and fast trading account opening
- Good control over Bids
- Leveraged offerings
- Investors’ data encrypted
Cons
- MetaTrader 5 Absent
- It takes time to connect with customer support services.
Types of Trading Account provided by Broker?
IronFX provides various types of accounts to its investors as per their experience. The method spreads or commissions are applied, the minimum deposit required to open that sort of account, and the services or benefits that account holders may have access to are usually the differences between accounts.
Standard Account
The Standard Trading Account is a great place to start if you’re new to forex trading. It functions well and provides access to a large trading market while posing fewer dangers.
Premium Account
When a trader has enough experience, they can upgrade to the VIP Account, which is ideal for intermediate investors who have enough experience and are willing to take bigger risks.
Those who use this account will receive specific rewards tailored to their needs.
VIP Account
With fast execution, low spreads, and no commissions, the platinum account is suitable for experienced Forex traders. In addition, leverage can go up to 1:400, which is considered high.
Live Zero Fixed Spread Account
This account type is ideal for anyone who wants to learn more about trading, test their techniques, and create new ones. The broker provides investors with a certain amount of virtual cash that they can use to trade with.
How to Create a Trading Account?
To open a forex trading account with IronFX for the first time, you will be needed to complete a simple “know your customer” process, which will allow brokers to verify the accuracy of your given information and ensure the safety of your funds and account information.
Follow these steps to create an account:
- Fill in the asked information, including your name, country code, email address, and passwords.
- Fill in the required information for account registration.
- Complete all of the required paperwork.
- Make the deposit.
Which Financial Instruments Broker Provides to Trade?
Most brokers have the following market instruments available for trading:
- Indices
- Forex
- Cryptocurrencies
- Stocks
- Commodities
- Precious Metals
- Energies
Commission charge and Leverage Offered by the Firm?
The cost of trading with IronFX is determined by various factors, including spread and margins, and clients may be subject to varying charge structures depending on their place of residence.
A pip is the smallest increment that an exchange rate can fluctuate, and it represents the difference between the bid and asks rates for a currency pair.
IronFX offers spreads ranging from 0.7 to 0% commission on all three types of trading accounts.
There are no deposit fees, but there is a conditional withdrawal cost. In addition, the broker may levy an inactivity fee.
Payment Methods: Deposit and Withdrawals?
Deposits: Most accounts require a minimum initial deposit, which can be made in various ways.
To start an account with IronFX, a minimum deposit of $500 is required. The broker accepts various payment methods and does not charge fees on deposits, but withdrawals are subject to a conditional fee.
Withdrawals: It takes 3 to 5 days to complete; however, it instantly processes deposits. If your transactions are low or you have been inactive for a long time, the broker may levy a fixed fee.
Which Trading Platforms are Available for Investors?
Clients can trade FX and other asset classes on a multi-asset trading platform. The platform a client chooses is usually determined by the type of trading they want to do.
- WebTrader platform
- MetaTrader 4
- Mobile App
WebTrader is a browser-based trading tool that looks identical to MetaTrader 4, one of the most popular trading platforms.
MetaQuotes created both MT4 and WebTrader, and WebTrader allows investors to trade Forex without installing any additional software on their PCs.
Customer Support Services
There are different ways to contact the customer service team: live chat is the most convenient.
- Live Chat
- Contact Number
The live chat team responds quickly and does their best to answer questions. The customer service team’s phone number varies depending on the region. Follow this link to check IronFX complaints.
Emails take longer to respond to, but the responses are more thorough. Overall, the broker’s customer service is excellent, and it is one of the best on the market. Unfortunately, dedicated help is only accessible 24 hours, seven days a week.
Conclusion
Compared to other forex brokers throughout the world, IronFX is a market leader and service provider. In addition, IronFX provides a diverse set of trading products and a sophisticated trading platform.
IronFX is putting in a lot of effort to ensure that it can meet the needs of every investor on the market. Even though the broker is relatively new, it has already demonstrated that it provides one of the top services on the market.
