IronFX is the award-winning Global Leader in Online Trading. With 15 platforms trading over 200 instruments in forex, spot metals, stocks and futures, IronFX Global serves retail and institutional customers from over 180 countries in Europe, Asia, the Middle East, Africa and Latin America. With over 60 offices worldwide, and more than 1,600 employees providing support in over 45 different languages, IronFX clients can benefit from round-the-clock coverage delivered by one of the world’s largest and most accomplished global client coverage teams. The IronFX customer-centric model combines bespoke trading functionality through its platforms with the widest suite of products to offer the best pricing, execution and liquidity. Daily market news feed and insightful research give clients access to the best information and data to make informed trading decisions. Evidencing the leadership of IronFX Global in the worldwide online trading arena, IronFX Global also has an official partnership agreement with FC Barcelona, one of the most successful professional football clubs in the world.
IronFX Global complies with international regulatory standards, and is authorized and regulated by FCA (UK), ASIC (Australia), FSB (South Africa), FSP (New Zealand), CRFIN (Russia), UCRFIN (Ukraine) and CySEC (Cyprus). The company is a member of the Eurex Exchange and is also an EU-regulated and MiFID-compliant firm.
There are five main types trading platforms that traders at IronFX can use.
Web based and developed in-house, the IronFX WebTrader requires no download or software installation. Access to IronFx range of financial services is via a web interface.
IronFX MetaTrader 4
For those traders who want a full suite of trading tools, IronFX also provide a MetaTrader 4 platform to accommodate their trading needs. IronFX Client MT4 Terminal, traders can have immediate access to market indicators, technical analysis tools and the use of Expert Advisors (EAs). The IronFx demo platform is also a MetaTrader 4 trading platform.
IronFX Personal Multi-Account Manager (PMAM)
The PMAM trading platform is for those traders who want to have the necessary tools to integrate trading under a master account.
The IronFX MultiTerminal is for those traders who want to manage several accounts under a single screen.
Mobile Traders for Cell Phones and Mobile Devices
IronFx also provide support for trading for the following devices listed below:
- Android Supported Phones
Types of Trading Accounts
Recognizing the different needs of different traders, IronFX provides a diverse range of trading accounts to suit their clients’ different needs.
For traders with less than $2500 deposit.
Premium Trading Accounts
Traders who deposit more than $2500 in trading funds. Benefits include lower spreads and access to dedicated account managers.
Business Trading Accounts
Business trading accounts are divided into:
- Corporate Account
- Institutional Account
- Trust Account
Cash Rebate Accounts
For traders who wants to earn cash rebates on their trading.
The IronFX STP/ECN trading accounts give traders direct access to prices and trading conditions that are offered by the top tier liquidity providers.
Affiliate STP/ECN Accounts
This type of account is for those traders who were introduced by IronFx’s STP/ECN Account holders. Spreads on this type of account is wider by 1 pip than STP/ECN Accounts.
This is a custom-tailored account for traders introduced by IronFX’s clients. Features for Standard and Premium accounts are not applicable here.
Commission & Spreads
IronFx does not charge any commission but instead earn from spreads added to the quotes. The spreads applicable will depend on the type of trading account as well as the currency pair traded. IronFX has provided a full list for comparison on their website for those who are interested to find out more.
Reliability of a broker can come in many forms. Apart from looking at how well the trading platform is performing, another aspect of reliability is determined by broker’s relationship with the payment processors. As for IronFx, they managed to tie up with several reputable payment processors in order that their clients are able to fund their accounts effortlessly. Withdrawal of profits are also made problem free when a broker has a solid working relationship with its payment processors. Currently, IronFx’s clients have the following options of funding and withdrawing their money:
Credit Card/Debit Card
Relationship with Top Tier Banks
IronFx only deal with the Blue chips banks like Barclays and UBS to ensure that their clients’ funds are kept secured.
Segregation of Clients’ Funds
To ensure the integrity of their clients’ funds, IronFX keeps its operational funds in a separate account to those of their clients. To ensure that these policies are followed, all banking activities of the company are audited by international auditors like Ernst & Young and KPMG.
Investor Compensation Fund Protection
By being a legitimate and regulated broker, IronFx is able to provide their clients with an Investor Compensation Fund scheme which is authorized and regulated by CySEC.
Automated Risk Management System
IronFx trading platforms also provide traders with an automated risk management system. This manner, traders are assured that their balance will never be negative.
IronFX’s clients can be rest assured that their well being is being looked after by a strong support team. Currently, there is support in the following major languages:
Apart from multilingual support staffs, the website is also supported in the following languages:
To get in touch with the support team, IronFX’s clients can use the following methods:
Choice of different types of trading accounts to suit one’s needs.
Expert Advisors supported
Fast Execution of orders
High welcome bonus (40%)
Investors’ Compensation Fund Scheme
Large choices of instruments to trade with
Low reasonable spreads
Mobile trading supported
Multiple choices of trading platforms
Negative balance protection
Provide Dedicated Account Managers for Account holders
Regular FX Competition with attractive prizes
Use of unlimited Demo Account
The minimum deposit amount is quite high at $500 or the equivalent of other major currencies.
Overall, IronFx has potential to further expand their client base as they have managed to set new frontiers in demonstrating how online Forex brokers should operate. Registered with the proper regulatory authorities, IronFx have shown that they are willing to go the extra mile for the peace of mind of traders. This is an issue which most online brokers have not even bother to address.