
IronFX Review
- Strict regulation
- Variable & fixed spread accounts
- Commission free accounts
- Award-winning trading platforms
- IronFX Research app
- Good range of forex currency pairs
- Multiple deposit / withdrawal methods
- Segregated client funds
- IronFX Crypto exchange
- Excellent customer support
- Free VPS for qualifying clients
- Platforms: MetaTrader 4, PMAM, MultiTerminal, Web, Mobile
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IronFX Overview
IronFX is an award-winning global online trading broker that provides a professional and reliable service to traders with over 200 trading instruments across multiple asset classes available to trade, including Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies CFDs.
IronFX offer 10 trading platforms with low pricing and fast execution speeds whilst serving clients in over 180 countries in Europe, Asia, the Middle East, Africa and Latin America. They are headquartered in Cyprus with global offices for international clients located across the world in London, Sydney and Johannesburg.
They incorporate advanced order execution with a vast amount of liquidity from liquidity providers (LP’s), low fees and competitive spreads (from just 0 pips) under all market conditions as well as 24-hour multilingual customer support. Order execution is instant with no slippage or delay. If the market moves in your favour, you have the opportunity to receive price improvements by getting your trades executed at a better price than originally requested.
- Instant Execution with No Slippage 99.62% of trades executed in milliseconds
- Market Execution with No Re-quotes 100% of trades executed in milliseconds
IronFX are renowned for their high-quality trading execution which they consistently look to improve by investing in technology advancements. The trading process is automated which keeps manual intervention to a minimum and thus helps to maximise efficiency and effectiveness. The award-winning trading platforms available provide an automated risk-management system to ensure that client accounts will never go negative.
IronFX offers industry leading products and services to retail and institutional clients which has been acknowledged by the numerous international awards that they have won over the years. The broker has been awarded with over 40 prestigious investing awards, these awards include “Best Global Online Trading Platform 2017” at the MA Awards and “Best Online FOREX Trading Platform 2017” at the International Finance Awards.

IronFX Awards
IronFX was setup in 2010 and is part of an established international financial group that was formed in 1972 which provides a high level of trust and confidence to clients due to its longevity. They take a customer focused approach and are committed to providing the highest standard of services with full transparency to clients. Each client is treated with the upmost esteem and as a valued partner.
Clients are supported in over 30 languages, 24/5, and can access their personal trading account from over 10 platforms so trading on-the-go is no obstacle for an Iron trader. In addition, IronFX offers daily, updated educational and market news delivered by a multi-lingual professional research team. Entering the financial markets with IronFX is simple, transparent and supportive for all levels of investors.
One thing in particular that sets IronFX apart from other trading brokers is their support for a wide range of philanthropic and charitable activities. Going beyond daily operations, they engage with local communities, assisting in medical research and education. This shows strong business ethics and a responsible corporate attitude by supporting community development.

IronFX Social Responsibility
IronFX Regulation
IronFX is a trade name of Notesco Financial Services Limited. Notesco Financial Services Limited is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC no. 125/10). The groups different entities are regulated by international regulatory authorities, including being authorised and regulated by the Financial Conduct Authority (FCA) in the United Kingdom and Australian Securities and Investment Commission (ASIC).

IronFX Regulation
This means that they must comply with stringent national and international regulatory authorities and demonstrates their commitment to maintaining high business standards and ethics. Trading with a regulated broker can give clients confidence peace of mind that they have full security, by using a company that operates with the upmost transparency and integrity.
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. Each clients account is provided with a unique code which is used to ensure that the funds are only for the funding purposes. This helps to reassure clients that their funds are safe.
IronFX Countries
IronFX does not offer trading services to residents of certain jurisdictions including USA, Iran, Cuba, Sudan, Syria and North Korea. Some IronFX broker features and products mentioned within this IronFX review may not be available to traders from specific countries due to legal restrictions.
IronFX Platforms
Many years of experience within the trading industry has made IronFX experts at delivering flexible, bespoke and multifaceted trading platforms. By paying special attention to user interface design, they ensure that platforms are user friendly, practical, powerful, efficient, easy to navigate and satisfying to the needs of all different types of traders. Through exceeding client’s expectations and setting the bar so high, IronFX have been rewarded with numerous awards for their innovative and advanced trading platforms.
IronFX offer a “one account, 10 platforms” trading functionality. This means that you can trade from one account across all platforms which is useful if you plan to switch between your desktop, mobile and other devices. If you do not have internet access, customer support is on hand to place orders and provide you with updates.
You can get direct access to trade the markets with cutting-edge technology on the tailored IronFX MetaTrader 4 (MT4), the IronFX Personal Multi-Account Manager (PMAM) the IronFX MultiTerminal and the web based social trading platform. Each platform includes an advanced charting package with a variety of fully customisable tools for each individual traders’ requirements.
IronFX MetaTrader 4 (MT4)

Iron FX MetaTrader 4 Platform
MT4 is perhaps the most popular online trading platform that is used by millions of traders across the world of all experience levels. It is very user friendly with an abundance of implemented trading tools for efficient markets analysis and trade management. MT4 has a short learning curve whilst there are plenty of online tutorials that can help to familiarise new users to the platform.
IronFX clients can benefit from trading over 200 trading instruments from 6 asset classes on the MT4 platform, via desktop, iOS/Android mobile devices, or the in-house developed WebTrader directly from a modern web browser. They provide fast trade execution speeds with no requotes and spread starting from just 0.0 pips.
Some of the IronFX MT4 core features include:
- Fully customisable user-friendly interface
- Multiple chart order types
- Multiple timeframes
- 200+ trading instruments from various asset classes
- Manage orders, positions equity online
- Monitoring of financial instruments’ prices via the market watch window
- Advanced charting and indicators
- Online streaming news
- Activity Reports
- Support automated trading with expert advisors (EAs)
- Strategy tester to back test EAs over historical data
- MQL4 programming interface to create custom indicators, scripts EAs
- Online community to share trading tools, ideas strategies with other MT4 users
- MT4 is available for desktop, web and mobile devices (iOS Android)
IronFX Personal Multi-Account Manager (PMAM)

Iron FX PMAM Platform
The PMAM platform enables money managers to trade and manage multiple MT4 accounts simultaneously. Users can enjoy one of the most flexible and advanced platforms in the industry today, available for both professional traders and money managers.
PMAM benefits and trading features include:
- Manage orders, positions and equity online
- One-click order entry
- Manage unlimited accounts
- Monitoring of financial instruments’ prices and forex rates
- Activity reports
IronFX Trading Tools
Whilst the IronFX powerful and advanced trading platform already have a vast array of implement trading tools, they also provide traders with a good selection of stand-alone tools to help deliver a complete online trading experience. These tools can be used to assist with finding potential trading opportunism, analysing the markets, risk management and more.
IronFX Research App
IronFX offers the powerful and customisable IronFX Research app that you can use to research the markets and manage your portfolio on the go, via a multimedia interface. Market data is fully integrated with financial viewpoints and videos to help with your trading decisions. You can get real time economical news alerts as well as fundamental and technical analysis written by the award-winning Global FX Strategy Team. The team has appeared on some of the world’s most popular television channels including Bloomberg, BBC World, CNN, Sky News, Reuters, BNN and CNBC.

IronFX Research App
IronFX Traders Dashboard
There is the IronFX trader’s dashboard that shows information such as IronFX client positions (long v short) via the sentiment data, volume of positions, currency movers, trades per time and more.

IronFX Sentiment Data Traders Dashboard
IronFX Trading Widgets
The IronFX website has some widgets such as a currency convertor, pip calculator, margin calculator, profit calculator and trading hours. These widgets can help with risk management and calculating fees.

IronFX Widgets
IronFX Virtual Private Server (VPS)
IronFX offer a free VPS (Virtual Private Server) to new and existing clients who make a deposit of at least $5,000 and maintain the balance in following months. Having a VPS allows you to run trading platforms 24 hours a day, 7 days a week. This means that you do not need the trading platform running on your computer and can access the VPS from anywhere at anytime to place or manage trades. A top specification VPS can cost up to $100 per month so this is a great offer for those who meet the minimum requirement.
IronFX Education
Market Insights
The IronFX research and analyst team display frequently updated market insights on their website covering a variety of different trading topics and markets. These analysis tend to be very detailed and include screenshots to illustrate. These insights can be used to identify possible trading opportunities as can the economic event calendar provided.
Economic Calendar
The economic calendar is an extremely useful tool for staying up to date with the latest market news and as part of a trading strategies fundamental analysis. Using the calendar, you can track financial news releases that have an impact on various markets. The calendar displays the previous/forecasted/actual results of the news releases and the markets they are expected to have an impact on. You can filter according to level of impact, date/time and markets.
Trading Academy
The IronFX trading academy is a very useful educational resource for clients looking to improve their trading knowledge and skills through a series of videos, e-books, guides and trading encyclopaedia. The academy is regularly updated and covers a wide range of both beginner and advanced trading topics so there is something for everyone.
Seminars Webinars
IronFX also host seminars, webinars and expositions which clients can attend.
IronFX Instruments
IronFX offers access to trade over 200 trading instruments across multiple markets including Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies CFDs. Spreads start from just 0 pips whilst all trading instruments can be accessed using one account across all trading platforms.
There are over 120 forex currency pairs (major, minor and exotics) to trade, 24 hours a day, 5 days a week. You can choose your own leverage and have unlimited access to some of the largest liquidity providers through IronFX.
You can trade spot metals with no currency exposure, some of the most competitive spreads and industry leading trading conditions. IronFX offers CFDs on spot metals in USD and EUR. Just 1% margin is required for spot metals.
Spot indices can be traded with no commissions and low spreads. This allows you to trade various markets across the globe with deep market liquidity and easy to use trading platforms.
IronFX also have Cryptocurrency denominated accounts. Leverage on Crypto is 1:5 and you can deposit, trade and withdraw in Cryptocurrency. They also have their very own Crypto exchange.
There is a wide range of stock, commodities and futures available for trading.
IronFX Accounts Fees
Where many brokers only offer a few accounts, IronFX have a great range of different trading accounts to cater to the needs of many different styles of traders. There are accounts with floating spreads, fixed spreads, no commission and spreads starting from zero. Each account has a minimum deposit requirement ranging from $100 to $20,000 depending on the account type.
IronFX also offer corporate and institutional accounts, with a dedicated business account manager who can prepare a bespoke service package catered to your needs.

IronFX Trading Account Types
Variable Spread Accounts
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 commission which ranges from $7.5 to $18 (FX) depending on the level of the account. In general, the more you deposit, the lower the commission will be.
Fixed Spread Accounts
If you prefer a fixed spread for your trading strategy then you could consider a no commission account. These tend to have higher marked up spreads but you do not pay a commission on trades.

IronFX Accounts
As broker fees can vary and change, there may be additional fees that are not listed in this IronFX review. It is imperative to ensure that you check and understand all of the latest information before you open an IronFX broker account for online trading.
IronFX Support
IronFX provides clients with top class global customer support in over 30 different languages. Friendly representatives are hand to answer all of your questions 24 hours a day, 5 days a week via phone, email, and online chat. The responses arrive in a prompt and efficient manner.
IronFX Deposit Withdrawal
IronFX have a variety of reliable deposit and withdrawal methods. Some clients may find the online payment processors more convenient and faster,
There may be fees charged when using certain payment methods. Bank transfers can take a few business days to clear. Accounts can be opened in USD, EUR, GBP, AUD, JPY, CHF, PLN, RUB, HUF CZK. The various different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency.
IronFX Account Opening
Opening an account at IronFX is quick and easy. You just need to complete the short online registration form and confirm your details. You will then need to upload documents to verify your account and can then fund your account to begin trading.

IronFX Account Opening
IronFX FAQ
What is the IronFX minimum deposit?
The minimum deposit required by IronFX is $100.
You will discover that the minimum amount of $100 is relatively low if you compare it to some brokers who peg their minimum deposits above $1,000. With as little as $100, you can access the IronFX trading platform and place trades before eventually committing a greater amount.
How do I deposit money into IronFX?
To deposit money into IronFX, you should log into your secure client portal and submit your deposit request. IronFX provides clients with a range of safe and secure deposit options, including bank wire transfers, credit/debit cards, and some common online payment processors: FasaPay, Neteller, SafeCharge, Skrill, and more.
Please note that deposits can take up to 24 hours to be processed, depending on your chosen payment method. Bank wire transfers can take up to 3 working days, depending on the bank.
The currencies in which you can deposit depends on the payment method you chose. The main currencies covered are USD, EUR, GBP, AUD, JPY, CHF, PLN, RUB, and HUF. Deposits in different currencies will be converted into the base currency of your trading account at the prevailing rate at the given time.
What are the IronFX deposit fees?
IronFX does not charge any fees for deposits. However, your respective banks or payment providers might charge you additional fees.
How do I withdraw money from IronFX?
You can withdraw your profits only through the bank wire. You can receive your initial deposit via the payment method initially used, and then all excess funds (profits) will be sent to your bank account. For the above to take effect, you need to apply for a bank withdrawal from your client portal.
What are the IronFX withdrawal fees?
IronFX does not charge any fees for withdrawals, but the payment processor or financial institution might charge some fees.
What is the IronFX commission fee?
The Zero Fixed Account charges commission fees ranging from $18 to $43, depending on the financial asset. However, other account types at IronFX charge zero commissions.
Are there any IronFX inactivity fees?
IronFX does not charge any inactivity fees on dormant accounts.
What are the IronFX account types?
IronFX offers a choice of seven live trading account types. The account types are categorized into Live Floating/Live Fixed and STP/ECN accounts. The Live Floating/Live Fixed accounts include the following: Standard, Premium, VIP, and Zero Fixed accounts, while the STP/ECN accounts include the No Commission, Zero Spread, and Absolute Zero accounts.
Is there an IronFX demo account?
Yes, a demo account is available at IronFX.
The demo account is designed to allow clients to get acquainted with the broker’s platforms before trading with the live account. It comes preloaded with virtual funds for practice purposes.
What are the IronFX spreads?
The spread is the difference between the bid-ask prices, which you must pay on each trade you take with a broker. The narrower the spread, the lesser the price needs to move in your favor before you start to make a profit — or if the price moves against you — a loss.
IronFX offers low floating and fixed spreads starting from 0.0 pips.
What is the IronFX leverage?
The maximum leverage at IronFX is capped at 1:1000.
Leverage allows you to trade a more significant position size greater than you can without it. Although this can improve potential profit, it also significantly increases risk. Therefore, it is imperative to ensure that you clearly understand what leverage is and how it works before trading leveraged positions.
What are the IronFX margin stop-out levels?
The margin at IronFX is 40%, while the stop-out level is 20%.
So, your order will be stop-out when the margin level (Equity/Used Margin) of your trading account goes below 20%. This will trigger a stop-out, and your positions will start closing, starting from the most unprofitable.
Do IronFX allow hedging, scalping expert advisors?
Yes, IronFX allows most trading strategies, including hedging, scalping, and expert advisors.
Is there an IronFX Islamic account?
Yes, IronFX does offer an Islamic account. It is suitable for traders who follow the Muslim faith. Islamic account does not incur any swap interest fees and therefore is fully compliant with Sharia law.
What are the IronFX trading instruments?
The following trading instruments are available at IronFX: Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies CFDs.
How do I open an IronFX live account?
The account opening procedure is easy and fast and takes less than 1 minute: visit the IronFX website and click on the button marked “Register” at the top right corner of the website. Please fill in the form and then submit it.
How do I verify my IronFX account?
To verify your account, you need to upload the following documents:
1) Personal ID: a copy of your Passport or your national ID card or Driver’s license (with your photo). And it must not be expired.
2) Proof of your address: the broker requires a recent utility bill (Water/Electricity bill) or a recent bank statement dated within the last six months. Please note that we are not accepting online statements and mobile phone bills.
What is the IronFX trading platform?
IronFX provides traders with the intuitive MT4 trading platform. It is one of the most popular online trading platforms that are used by millions of traders of all experience levels. It is user-friendly with an abundance of implemented trading tools for efficient market analysis and trade management. The MT4 trading platform is available in desktop, web, and mobile versions.
Where can I download the IronFX platform?
The desktop platform can be downloaded from the broker’s website; you can get free instant access to the WebTrader platform directly from the broker’s website or download the mobile platform app on your iOS or Android mobile device from the relevant app store.
Where is IronFX located?
IronFX is located in Australia, with offices in Cyprus, United Kingdom, and South Africa.
Is IronFX regulated?
IronFX is a trading name of Notesco Financial Services Limited. Notesco Financial Services Limited is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC no. 125/10). The broker also obtained licenses to trade from the UK’s Financial Conduct Authority (FCA), Australia’s Securities and Investments Commission (ASIC), and South Africa’s Financial Services Board (FSB).
What countries does IronFX accept?
The broker’s services are intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Is IronFX a scam?
No, IronFX is not a scam. They are regulated in multiple jurisdictions and have been offering reputable financial services since 2010.
How can I contact IronFX support?
IronFX offers a knowledgeable client support team who are available 24/5 to respond to clients’ general, technical, and account-related inquiries via the following contact channels: email, phone, social media, and online chat.
IronFX Summary
IronFX is an established and reputable trading broker with a global client base and a wide range of trading instruments across multiple markets. They have strict regulation in multiple jurisdictions and are well respected within the industry. The advanced trading technology incorporated ensures that the trading conditions are some of the best available with competitive spreads and trading costs. There are plenty of account types to suit all types of traders whilst each client is treated equally. Furthermore, the charitable work they do is very commendable and good for the community.
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