IronFX Forex Broker Review Learn before you Trade

To support their clients on a global basis, IronFX has translated their website to more than a dozen different languages. Traders at IronFX also have several methods such as email, live chat or telephone, which they can use to contact the support team. To get a fast support you can use Iron FX Live chat, The IronFX Live Support is also available to support clients, To use IronFX customer support just visit the broker’s website. Micro Accounts – This type of account Intended for traders who have below $2,500. IronFX asset trading hours are generally 24/5 for forex pairs and most CFDs.

If CFD trading is your main goal, then you’re in luck – OvalX has over 5,000 CFDs on offer. The FCA-regulated platform also has 62 currency pairs available, so you have a wide variety of choices on both the derivative and forex markets. is another forex broker that offers access to the MT4 trading platform. This CFD and forex broker even offers a decent range of educational materials and analysis tools for you to use, so may be perfect for beginner or casual traders. Of course, there are plenty of CFD and forex brokers that support the MT4 trading platform, each bringing its own set of benefits.

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This means you can choose any financial market you want with any financial product you prefer. You can then select the type of trading account that suits your needs and trade on MetaTrader4, web, or desktop or mobile application. limefx website IronFX’s in-house developed platform is widely praised for being easy to understand and use. It provides full access to the broker’s multi-asset trading accounts and includes full functionality via a user-friendly web interface.

  • Most crypto assets are offered either as the underlying physical asset or as a CFD or other derivative — including spot forex contracts.
  • IronFX is now offering traders a 60% bonus on all deposits over $500.
  • You will have to consider that the withdrawal process takes up to 5 business days to process from your account.

Try our exclusive STP Zero Spread account and enjoy spreads as low as 0.3 pips. The volatility of indices trading is greater than that of other financial instruments. IronFX allows users to trade in cryptocurrencies, which are volatile and can offer high returns.

It is also one of the few brokers on the market who have prepared various bonuses and promotions for its clients. Despite the global presence of IronFX, investors may be put off by the history of complaints about the international branch withholding funds from clients. While the choice between live, ECN and STP IronFX accounts will appeal to some, the lack of transparency around withdrawal fees may be a red flag many can not ignore. IronFX offers tailored trading products and services to retail and institutional clients, including a wealth of trading tools, the latest trading platforms and 24/5 multilingual support.

In fact, while you do have to deposit £250 when you first open your account, you are only charged $8 for trades. It currently offers 84 currency pairs across major, minor and exotics, with spreads on many majors standing around 0.8 when trading through its proprietary platform. 73.85% of retail investor accounts lose money when trading CFDs with this provider. 81% of retail investor accounts lose money when trading CFDs with this provider.

Its award-winning proprietary platform, Next Generation, is available on both web and mobile, offering an intuitive interface suitable for users of all experience levels. IronFX seems to concentrate on core brokerage services, only catering to traders with basic tools like Economic Calendar and quotes. There are four accounts types that differ mainly based on execution type, leverage and commission types. Depending on your trading style, you should find a suitable option depending on your trading style. With nine timeframes, over 30 technical indicators, real-time news, and automated trading features, MT4 promises superior charting.

It supports you throughout your trading career, so it’s vital it provides good customer care. Look at the average spreads each broker offers to find one that works best for you. There are cashback promotions, free trader tools and EAs when you open a demo or live account. Read its reviews and you will see that its customer support is exceptional and available around the clock – something often overlooked when choosing a broker. This regulated broker offers ideal trading conditions no matter what your style of trading.

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Depending on the margin rate of your broker at the time, you wouldn’t even need an initial LimeFX of £20,000 to buy that many contracts. One of the advantages of spread betting is that you can take full advantage of leverage without needing to place a trade. For example, if you were to spread bet on the GBP/USD currency pair, a broker will typically quote an asking price and a bidding price. As limefx review mentioned, spread betting is a method of investing that involves you placing a “bet” on how you predict a currency’s value will move. Derivative trading is often done by either spread betting or using CFDs, and essentially involves you placing a “bet” on how a currency’s value will change. Of course, while leverage may allow you to make larger trades with less money, this can also work against you.

IronFX forex brokers reviews

All accounts allow both hedging and netting through the MT4 trading platform. The gold account is a new era trading platform created for investors with some market or trading experience. Support networks are always important when using an online trading platform. IronFX lives up to its end of the bargain with some high quality customer support. They are normally available 24/5, and this does make it easy for you to get knowledgeable and helpful support. You will find that response times are good and that the staff tend to be very friendly, even if your problem seems rather obscure.

IronFX Managed Account

Over 1,200,000 people have registered on the trading platform, and its financial products and trading platforms are accessible in more than 180 countries. It is the go-to platform for proper technical analysis and trading tool selection. IronFX’s MT4 can be downloaded directly from the site, and it comes in no fewer than 12 different versions, covering every conceivable desktop and mobile device out there. IronFX EA Builder offers a range of products to enhance the capabilities of the MT4 and MT5 trading platforms. IronFX provides 24/5 customer support through email and live chat to all the users and active clients from 180+ countries. Moreover, you can get the answer in more than 30 different languages.

  • IronFX processes payments in several different currencies and deposits in any other currency would be converted into the base currency of the client account.
  • IronFX also has a comprehensive FAQ section that could answer your questions.
  • MetaTrader 5 is not supported, nor has the broker announced plans to integrate this platform.
  • Withdrawing money is very slow and terribly expensive, beyond common sense and common sense.
  • It is favoured due to its simplicity and reliability, consisting of an intuitive and user-friendly interface, suited to traders of all experience levels.
  • The platform is available for free download for Mac, Windows and Linux computers and through the aforementioned web trader.

For withdrawal, however, traders have to inform the broker in advance. They can write them online through an application and then have the withdrawal of funds. With IronFX customer support, you will be able to communicate with them in different ways.

In business

Tell us about your experience with this broker at the comment form below of this IronFX review but do not spam please. Due to FCA regulations, IronFX does not offer any welcome or deposit bonus incentives to new and existing clients. MetaTrader 5 is not supported, nor has the broker announced plans to integrate this platform. The third step is to complete the questionnaire section and answer the questions about the previous trading experience.

By trading CFDs on shares you can use leverage and go long or short on the transaction. It means you only need to deposit a small amount of the total trade value to gain full exposure to the markets. In addition, you could potentially gain in rising and falling markets because CFDs are based on the difference between the buy and sell prices. Read on for our review of fx broker IronFX’s services, trader education and metatrader 4 platform.

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Futures contracts allow traders to make a profit from the price margin before the closing date determined in the contract. CFDs on commodity futures are extremely flexible and convenient for traders compared to trading and owning the physical commodities themselves. Things are different for silver and platinum – silver is still traded for industrial purposes, as platinum, which is also much rarer than silver or gold. With tight spreads as low as 0.04 and 1% margin requirements, IronFX offers its clients a great opportunity to profit from the global gold and silver markets. The spreads on platinum and palladium are, of course, higher since palladium is not only 30 times as rare as gold but also more valuable than gold. Its financial products and trading platforms are accessible in over 180 countries with more than 1,200,000 users signing up to the platform to trade.

It comes with a range of intuitive risk management features and is available on web and mobile. Its cousin – the MT4 Advanced – is additionally empowered by built-in ability to use EAs and automated strategies. IronFX client portal is quite flexible and will be tailored to your needs based on your location and choice of operating company. IronFX recently waved the fees on all methods of the clients withdrawals. Despite spreads dropping significantly on VIP & Micro accounts, you won’t find much variation on cross and minor pairs. Customers can start with less money and a smaller lot size on a cent account.

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You can send them an email, call their customer service department, or engage in a live chat. IronFX also has a comprehensive FAQ section that could answer your questions. The customer service support in IronFX may not be available 24\7, but the responses are quick and the answers are relevant. You will be able to contact customer support via live chat, email support, and phone call. This IronFX broker review will show you all the trading tools and market research materials that are provided on the website. Despite the fact that there is no facial recognition, you can always make up for it with the option of being alerted for any price movements that take place.

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