Is IronFX a SCAM?

The MT4 for mobile and tablet trading receives also the chance to trade directly from charts and have an entire account control. 73.85% of retail investor accounts lose money when trading CFDs with this provider. 79.9% of retail investor accounts lose money when trading CFDs with this provider.

• Keep in mind that if you trade with IronFX using our reference, you will receive a sponsorship in the form of a discount on our tools.
• 77% of retail investor accounts lose money when trading CFDs with this provider.
• Spreads start from 1.8 pips, 1.6 pips, 1.4 pips and 0.0 pips, respectively, and only the zero fixed account is subject to commission.
• The Market Insight material is updated on a daily basis and you’ll find it very easy to navigate through.

People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. We are sorry to know about your negative experience, please email us at trustpilot- with your account details for further assistance. Hi, I’m Michael and my area of expertise is forex and cryptocurrency trading. I specialize in intraday trading of G20 currencies and to anticipate potential market moves I utilize a fusion of both fundamental and technical analysis. My most current interest lays in cryptocurrencies, especially in Ethereum and in decentralized applications.

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IronFX asset trading hours are generally 24/5 for forex pairs and most CFDs. However, indices and stocks are only accessible during the opening hours of their https://scamforex.net/ respective exchanges. Glassdoor gives you an inside look at what it’s like to work at IronFX, including salaries, reviews, office photos, and more.

Experienced – Iron FX have in house financial analysts and risk management experts ready to guide you and propel you through your journey with them with ease. If you like this IronFX review conducted by ForexSQ.com then share it on social media networks please. Tell us about your experience with this broker at the comment form below of this IronFX review but do not spam please. The firm pampers its avid clients with trading bonuses than can be either a 100% sharing bonus (up to $10,000) or a 40% power bonus that is up to $4,000.

Withdrawal Methods

If you deposit funds to your trading account with a different currency, then it will automatically be converted into the base currency of your choice on your trading account. The VIP Account has spreads starting from 1.4, which is lower than the Micro Account and the Premium Account. You will be required to pay a minimum deposit of 10,000USD and that is a very high amount.

IronFX’s healthy liquidity stems from the excellent relations the brokerage maintains with some of the world’s top financial institutions. In this regard, we have to mention Barclays, Bank of America, Deutsche Bank, Credit Suisse, Citi and others. The company is regulated by ASIC – one of the most exigent financial regulatory agencies in the world – under license #417482. It’s worth comparing the different types of spread available with IronFX’s easy-to-read chart.

Withdrawals

Worryingly, the company is not very transparent about its withdrawal methods or fees and many report significant admin fees on some of the withdrawal methods. MetaTrader 4 features nine timeframes and 30 technical indicators as standard, as well as advanced drawing tools and customisable alerts. The platform is available for free download for Mac, Windows and Linux computers and through the aforementioned web trader. For traders that cannot pay interest due to their religious beliefs, IronFX provides a swap-free Islamic account. However, it is worth noting that the broker only allows swap-free positions for a maximum of ten days to prevent arbitrage through hedging. The standard and premium accounts offer GBP, EUR, USD and several other account base currencies, while the VIP and zero fixed accounts are limited to USD.

• All accounts derive benefit from zero commissions, technical analysis reports, dedicated account managers, complete network-operating environment support, and a real-time customer coverage.
• Real accounts use instant execution with re-quotes, whereas STP/ECN accounts use market execution, so no re-quotes are involved.
• Leveraged position means that you borrow money from the broker to trade.
• With IronFX customer support, you will be able to communicate with them in different ways.

You can trade CFDs on US, UK, French, German & Spanish stocks , as well as most popular commodities and indexes. To put things in a proper context we compare IronFX with the competing services. We have prepared this guide to help you understand Google shares and invest in them. Follow our instructions to buy and trade cryptocurrency profitably and safely.

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Overall, 72% of employees would recommend working at IronFX to a friend. Employees rate IronFX 3.9 out of 5 stars based on 138 anonymous reviews on Glassdoor. The information stage is the second phase; traders must fill out the form with all the information requested by the broker. Our reviews are a combination of data research and working alongside the brokers.

The broker charges a noticeable 3% of deposited funds when withdrawals are requested during times of long inactivity. Our aim is, that by the end of this review, the reader should get a clear picture of what constitutes trading with Iron FX and if you should open an account with them or consider another forex broker. That comes loaded with $100,000 of virtual money for traders to use for practicing currency trading before actually risking real money in a real world trading market. IronFX is a broker providing access for speculators to the retail foreign exchange market. For IronFX, the security of client funds is of paramount importance for the philosophy of the group.

Commodity CFDs

There are several different types they can choose from – accounts are either Live or STP/ECN. Its advanced services with the best features make xcritical official site it good to invest with. Traders can have trading platforms, tools, various assets, CFDs, and many facilities to make a successful trading.

The primary difference between live floating/live fixed trading accounts and the ECN/STP model is market execution. Real accounts use instant execution with re-quotes, whereas STP/ECN accounts use market execution, so no re-quotes are involved. The company operates in various jurisdictions, so it is good to check as a client where you are eligible to open an account. Getting in touch with their customer support team is a great way to clarify any such questions before you waste any time.

Comments on IronFX

The broker enforces a $50 charge for one year without login and trading and a 3% admin fee on account balances when regular deposits and withdrawals are made without trades. IronFX features a unique trading strategy that may be tried out with its trading accounts. The broker offers low spreads and optimal leverage for the three trading accounts. IronFX offers you different types of trading accounts, and a Demo account, if you want to try out the broker without facing financial loss. Once you open an account, you will be able to use several types of payment methods, with a range of different base currencies to utilize while funding your account. Moreover, we appreciate that the broker has a really great choice of educational tools for new traders.

Between 65-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money. Fxexplained.co.uk is an affiliated partner with various forex brokers and may be compensated for referred forex traders. Opening a live trading account with IronFX is free, and traders will not be charged any fees for depositing funds.

You will also only be able to trade Futures on a Monday to Thursday basis since that is the available trading hours. You will also be able to use several different base currencies as funds for your account. This IronFX review will demonstrate a step-by-step guide on how to open a live account of your choosing. This IronFX review will demonstrate the main features and provide an in-depth analysis of the platform.