ironfx screenshotReviewed broker: IronFX

Operated by Ironfx Global Limited

Established in 2010

Regulation: ASIC (Australia), CySEC (Cyprus), DFSA (Dubai), FCA UK, FSB (South Africa), UCRFIN (Ukraine), CRFIN (Russia), Member of Eurex Exchange, Consob (Milan), BaFIN (Frankfurt)

Note: in 2015 Ironfx had an investigation against the broker by CySEC which was resolved in a settlement the same year. This broker seems to have rather damaged reputation among traders.

Location: Warsaw, Lisbon, Prague, Budapest, Athens, Kiev, Moscow, Mumbai, Jakarta, Manila, Ho Chi Minh City, , Kuala Lumpur, Lagos, Johannesburg, Auckland, Sao Paulo, Buenos Aires, Lima, Montevideo, Limassol, London, Hong Kong, Sydney, Dubai, Shanghai, Shenzhen, Shenyang, Frankfurt, Milan, Madrid

USA traders: not accepted

Latest awards: The broker didn’t receive any awarding titles since 2015. The last one was awarded by UK Forex Awards – Best Forex Educatiors

Minimum deposit requirement: $100

Payment methods: credit cards, Fasapay, neteller, qiwi, skrill, webmoney, wire transfer

Segregated accounts for client funds: yes

Account types: Zero fixed spread, STP/ECN, Micro, Premium

Islamic swap free accounts: available

Demo account: yes

VPS hosting: available for deposits of more than $5,000

VPS special features: lowest spreads, bonus on every deposit, up to $2,000 cashback, exclusive customer support, exclusive dealing department phoneline

Minimum trade size: 0.01 lot

Spread types: fixed, floating

Floating spreads start from 1.1 pips

Fixed spreads start from 1.6 pips

Commissions: $18 commission per 1 standard lot with Zero Fixed Spread account

ECN spreads start from 0 pips with $13.5 commission per lot

Maximum leverage up to 1:500

Trading platforms: Metatrader 4

Expert advisors: yes

Automated trading: yes

One click trading: yes

Social trading: yes, with Autotrade by MyFXBook

Negative balance protection: available

Margin call level: 100%

Stop out level: 80%

Currency pairs: 63

Educational material: video tutorials, market analysis

Bonus and promotions: 100% sharing bonus up to $10,000, 40% power bonus upto $4,000

Trading competitions: live trading and demo trading competitions

Customer support:  online chat, callback, phone, email

 

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