IronFX Review

Why choose IronFX

Wide range of account types and trading platforms to suit various trading styles.

Pros

  • Multiple account options.
  • Diverse range of tradable instruments.
  • Competitive spreads.

Cons

  • Past regulatory issues.
  • Mixed customer reviews regarding withdrawals.
IronFX

IronFX

Fee Level:

Medium

Inactivity Fee:

Yes

Index CFD Fee:

Medium

Investor Protection:

Up to €20,000 under the Investor Compensation Fund (ICF).

Mobile Platform:

4.0

Visit IronFX

Provides a variety of account types with competitive fee structures.

Pros

  • Multiple account options with varying fee structures to suit different traders.

Cons

  • nactivity fee applies after 12 months of inactivity; mixed customer reviews.

Regulated by CySEC and FCA; segregates client funds and offers negative balance protection.

Pros

  • Strong regulatory oversight and security measures, including SSL encryption and segregated client funds.

Cons

  • Past regulatory issues and mixed customer reviews regarding withdrawals.

Supports bank transfers, cards, Skrill, Neteller, and crypto payments. Deposits instant; withdrawals 2–3 days.

Pros

  • No deposit fees, multiple withdrawal options, user-friendly process.

Cons

  • No deposit fees, multiple withdrawal options, user-friendly process.

IronFX allows account opening via web platform with 2–3 day ID and financial document review.

Pros

  • Multiple account types for retail and institutional traders.

Cons

  • Multiple account types for retail and institutional traders.

IronFX provides access to the MT4 mobile app, offering standard features like real-time quotes, charting tools, and various order types. While functional, it lacks some of the enhancements found in competitors' proprietary apps.

Pros

  • Real-time quotes, standard charting tools, multiple order types.

Cons

  • Lacks advanced features, interface feels dated.

IronFX offers the MT4 desktop platform, providing traders with a reliable environment for trading and analysis. The platform supports automated trading and a range of technical indicators.

Pros

  • Reliable performance, support for automated trading, extensive technical indicators.

Cons

  • No support for MT5, interface may appear outdated.

IronFX offers a variety of trading instruments, including forex, commodities, indices, and shares. The range is adequate but may not be as extensive as some leading brokers.

How can I start my trading journey with IronFX?

To begin trading with IronFX, you can open a trading account and navigate the MetaTrader 4 (MT4) platform. Detailed guidance is available on their website.

What is the minimum deposit to start trading with IronFX?

The minimum deposit depends on the account type, starting from $100 for Standard accounts.

Does IronFX charge an inactivity fee?

Yes, IronFX applies an inactivity fee if an account remains dormant for a specific period. Traders should review the broker's terms to understand the exact conditions.