IronFX Forex Broker
Company | IronFX Financial Services |
---|---|
Founded in | 1972 |
Online since | 2010 |
Offices in | Cyprus, United Kingdom |
Payment options | Credit Cards, Debit Cards, Moneybookers, Neteller, WebMoney, Wire Transfer |
Demo Platforms | Meta Trader 4, MT4 Web Trader (XOGEE), MT4 Mobile (XOGEE) |
Account currencies | Euro, Great Britain Pound, Japanese Yen, Swiss Franc, United States Dollar |
Currency pairs | AUD/CAD AUD/CHF AUD/DKK
AUD/JPY AUD/NZD AUD/PLN AUD/SGD AUD/USD CAD/CHF CAD/JPY CHF/PLN CHF/SGD EUR/AUD EUR/CAD EUR/CHF EUR/CZK EUR/DKK EUR/GBP EUR/HKD EUR/HUF EUR/JPY EUR/LVL EUR/MXN EUR/NOK EUR/NZD EUR/PLN EUR/RUB EUR/SEK EUR/SGD EUR/TRY EUR/USD EUR/ZAR GBP/AUD GBP/CAD GBP/CHF GBP/DKK GBP/JPY GBP/NOK GBP/NZD GBP/PLN GBP/SEK GBP/SGD GBP/TRY GBP/USD GBP/ZAR NOK/SEK NZD/CAD NZD/CHF NZD/JPY NZD/SGD NZD/USD PLN/JPY SGD/JPY USD/CAD USD/CHF USD/CZK USD/DKK USD/HKD USD/HRK USD/HUF USD/JPY USD/LTL USD/LVL USD/MXN USD/NOK USD/PLN USD/RUB USD/SEK USD/SGD USD/TRY USD/ZAR |
Regulated by | CNMV (Spain), CySEC, FSA |
US Traders welcome? | No |
Bonus? (detailed) | |
Website available in (languages) | Arabic, Bulgarian, Chinese, English, French, Greek, Hungarian, Italian, Japanese, Korean, Polish, Portuguese, Romanian, Russian, Spanish, Tagalog, Vietnamese |
Support available in | Arabic, Bulgarian, Chinese, English, French, Greek, Hungarian, Italian, Japanese, Korean, Polish, Portuguese, Romanian, Russian, Spanish, Tagalog, Vietnamese |
Support methods | Callback, Email, Live chat, Office, Phone,
Skype, Web form |
Account Types (micro standard executive islamic) | Standard, Premium, Standard Affiliate, Premium Affiliate, STP/ECN |
Or others. | |
Minimum account size | $1 |
Minimum position size | 0.01 Lot |
Spread type | Variable |
Typical spread on EUR/USD, pips | 1.1 |
Minimum spread on EUR/USD, pips | 1.1 |
Scalping | Allowed |
Expert advisors | Allowed |
Trading instruments (GOLD; CFD, etc. and the leverage) | Forex- 1:500, Gold & Silver – 1:500, CFD – 1:500, Oil – 1:500, Stocks – 1:500, Indexes – 1:500, Soft Commodities – 1:500, Metals – 1: 500, Energies – 1:500 |
Trading platforms | Meta Trader 4, MT4 Web Trader (XOGEE), MT4 Mobile (XOGEE) |
Digits after the dot in quotes | 5 |
Margin call level | 40% |
Stop-out level | 20% |
Number of currency pairs | 65 |
Personal manager | Yes |
Segregated accounts | Yes |
Managed accounts | Yes |
Affiliate program | Yes |
Islamic accounts available | Yes |
· Hedging | Yes |
Overnight interest rates (swaps) | Yes |
Trailing stop | Yes |
Pending orders | Yes |
One-click trading | Yes |
Mobile trading | Yes |
Browser-based platform | Yes |
Automated trading | Yes |
IronFX Financial Services Limited is a very old player of the forex market as it was established way back in the year 1972. However, tey started their internet based online trading service only in the year 2010 and have their offices in Cyprus and United Kingdom. The company is regulated by CNMV is Spain, CySEC in Cyprus and FSA in United Kingdom. They offer many features like personal manager, managed accounts and segregated accounts to their clients. They also offer Islamic accounts to their Muslim clients who follow Islamic laws on trading. The various payment options offered by the company is credit cards, debit cards, MoneyBookers, Neteller, WebMoney and Wire Transfers. In your account you can have Euro, Great Britain Pound, Japanese Yen, Swiss Franc and United States Dollar as the currencies. Their website and customer support service is multilingual and is available in 17 languages. The customer support service is excellent and can be availed via Callback, Email, Live Chat, Office, Phone, Skype and Web form.
The demo account is available to the customer for free and has Meta Trader 4, MT4 Web Trader and MT4 Mobile as the trading platform. The same set of trading platform is offered to the client once they decide to start the real trading. They have different types of accounts for the traders like, Standard, Premium, Standard Affiliate, Premium Affiliate and STP/ECN and hence the traders have the liberty to choose the one which suits their trading needs the best. Scalping and hedging is allowed to the customers. They also allow the use of Expert Advisor while trading. The minimum deposit required to open an account with them is $1 and the minimum position size is 0.01 lots. They have 65 currency pairs in which the traders can trade and include all the major pairs.
The reviews have become the best medium of knowing about a company and its services. The reviews for IronFX Forex broker seem to be mixed and the most talked about feature is their trading platform which also has the web and mobile versions of the Meta Trader 4. The platform is very easy to understand and that its features help in fast execution of trade. Many of them like that they provide 65 currency pairs to trade in. Many traders who are travelling most of the time like their MT4 Mobile trading platform. Their customer support service is of world class and is available in 17 languages. There are many methods to reach the customer service staffs which includes even Skype. It is highly regulated and is liked by many clients. The minimum deposit required to open an account with them is just $1 and is liked by many small scale traders. They allow trading in Gold & Silver, CFD, Oil, Stocks, Indexes, soft commodities, metals and energies all at a leverage of 1:500 and is liked by most of their traders. The average rating given to the company by its users, however, is only 4.4 out of 10.