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IronFX Review

FX Author By Jeffrey Cammack Author Information Updated: May 12, 2020
Overall Rating
4.29 4.29 / 5
Min. DepositUSD 100
Max. Leverage1000:1
Min. Spread0.0 pips
Regulators CySEC,FCA,ASIC,FSCA
Regulator Origin CySEC FCA ASIC FSCA
Trading Desk Type

Summary

IronFX is a global broker with a wide range of account types, a great value micro account and over 80 tradeable currency pairs.

IronFX has regulation from ASIC and all the other major authorities and has recently introduced market execution accounts with ultra-low spreads.

For beginners who want to learn to trade on either the MT4 or MT5 platform, and experienced traders looking for strong international regulation, IronFX is an excellent choice in a broker.

Reviews

Regulation 11111
Trading Conditions 11110.5
Trading Platforms 11110
Deposit & Withdrawal 11110.5
Education & Research 1110.50
Assets Available 11110.5
Customer Service 1110.50
Beginner Friendly Standard
Bonuses
Our Review Process

Trading Conditions

Minimum DepositUSD 100
Base currenciesUSD, EUR, GBP, AUD, JPY, BTC, PLN, CZK
Number of FX Pairs85
Hedging Allowed Yes
Scalping Yes
Islamic Account Yes

Average Spreads

EUR / USD0.2
GBP / USD0.4
USD / JPY0.2

Company Details

Company nameNotesco UK Limited
Founded2010
Website www.ironfx.com/en
Type Market Maker, ECN/DMA
Regulators CySEC,FCA,ASIC,FSCA
Office locations Cyprus, United Kingdom, South Africa, Australia

Deposit & Withdrawal Methods

Supported Platforms for IronFX

Alert Most retail CFD accounts lose money. Your capital is at risk.

Compare CFD Brokers

Overall Rating 11110.5 4.29 / 5 11110.5 4.27 / 5 11110.5 4.61 / 5
Minimum DepositUSD 100AUD 100AUD 100
Regulation
CySEC CySEC
FCA FCA
ASIC ASIC
FSCA FSCA
ASIC ASIC
CySEC CySEC
FCA FCA
ASIC ASIC
DFSA DFSA
Trading Desk Type
Trading InstrumentsCommodities, Cryptocurrencies, Forex, Indicies, Equities, FuturesCommodities, Cryptocurrencies, Forex, Indicies, Metals, EquitiesCommodities, Cryptocurrencies, Forex, Indicies, Metals, Energies
Forex Pairs8560+80+
Crypto Pairs555
Pros
  • Well regulated
  • Tight spreads
  • Wide range of assets
  • Well regulated
  • Tight spreads
  • Good range of accounts
  • Great customer support
  • Well regulated
  • Tight spreads
  • Great platform choice
  • Wide range of assets
Cons
  • Expensive withdrawals
  • Expensive withdrawals
  • High minimum deposit
  • Limited market analysis
Read Full Review Read Full Review
Regulation 11111 5 / 5 11111 5 / 5 11111 5 / 5
Trading Conditions 11110.5 4.5 / 5 11110.5 4.5 / 5 11110.5 4.5 / 5
Trading Platforms 11110 4 / 5 11110.5 4.5 / 5 11111 5 / 5
Deposit & Withdrawal 11110.5 4.5 / 5 11100 3 / 5 11110 4 / 5
Education & Research 1110.50 3.5 / 5 1110.50 3.5 / 5 11110.5 4.5 / 5
Assets Available 11110.5 4.5 / 5 11110 4 / 5 11110.5 4.5 / 5
Customer Service 1110.50 3.5 / 5 11110.5 4.5 / 5 11110.5 4.5 / 5
% Lose with this broker 75.35% of retail investor accounts lose money when trading CFDs with this provider N/A 78.6% of retail investor accounts lose money when trading CFDs with this provider
Leverage1000:1500:1300:1
Spread0.0 pips0.0 pips0.0 pips
Hedging Yes Yes Yes
Scalping Yes Yes Yes
Account Types
  • STP/ECN Zero Spread (Professional)
  • Standard IRESS (Professional)
  • Swap-free
Islamic Account Yes Yes Yes
Trading Platforms MT4 IRESS, MT4 , MT5 cTrader , MT4 , MT5
Funding Methods Bank Transfer, Visa, Mastercard, Maestro, Skrill, Neteller, Unionpay, Fasapay Bank Transfer, Visa, Mastercard, Paypal, Skrill, Neteller, Fasapay, BPay, paytrust88, POLi Bank Transfer, Visa, Mastercard, Skrill, Paypal, Unionpay, POLi, BPay
Trading Commission Zero Accounts 6 USD / lot - RAW Accounts From 7 USD / lot - Razor Account
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Overall Rating 11110.5 4.29 / 5 11110.5 4.27 / 5 11110.5 4.61 / 5
Minimum DepositUSD 100AUD 100AUD 100
Regulation
CySEC CySEC
FCA FCA
ASIC ASIC
FSCA FSCA
ASIC ASIC
CySEC CySEC
FCA FCA
ASIC ASIC
DFSA DFSA
Trading Desk Type
Trading InstrumentsCommodities, Cryptocurrencies, Forex, Indicies, Equities, FuturesCommodities, Cryptocurrencies, Forex, Indicies, Metals, EquitiesCommodities, Cryptocurrencies, Forex, Indicies, Metals, Energies
Forex Pairs8560+80+
Crypto Pairs555
Pros
  • Well regulated
  • Tight spreads
  • Wide range of assets
  • Well regulated
  • Tight spreads
  • Good range of accounts
  • Great customer support
  • Well regulated
  • Tight spreads
  • Great platform choice
  • Wide range of assets
Cons
  • Expensive withdrawals
  • Expensive withdrawals
  • High minimum deposit
  • Limited market analysis
Read Full Review Read Full Review
Regulation 11111 5 / 5 11111 5 / 5 11111 5 / 5
Trading Conditions 11110.5 4.5 / 5 11110.5 4.5 / 5 11110.5 4.5 / 5
Trading Platforms 11110 4 / 5 11110.5 4.5 / 5 11111 5 / 5
Deposit & Withdrawal 11110.5 4.5 / 5 11100 3 / 5 11110 4 / 5
Education & Research 1110.50 3.5 / 5 1110.50 3.5 / 5 11110.5 4.5 / 5
Assets Available 11110.5 4.5 / 5 11110 4 / 5 11110.5 4.5 / 5
Customer Service 1110.50 3.5 / 5 11110.5 4.5 / 5 11110.5 4.5 / 5
% Lose with this broker 75.35% of retail investor accounts lose money when trading CFDs with this provider N/A 78.6% of retail investor accounts lose money when trading CFDs with this provider
Leverage1000:1500:1300:1
Spread0.0 pips0.0 pips0.0 pips
Hedging Yes Yes Yes
Scalping Yes Yes Yes
Account Types
  • STP/ECN Zero Spread (Professional)
  • Standard IRESS (Professional)
  • Swap-free
Islamic Account Yes Yes Yes
Trading Platforms MT4 IRESS, MT4 , MT5 cTrader , MT4 , MT5
Funding Methods Bank Transfer, Visa, Mastercard, Maestro, Skrill, Neteller, Unionpay, Fasapay Bank Transfer, Visa, Mastercard, Paypal, Skrill, Neteller, Fasapay, BPay, paytrust88, POLi Bank Transfer, Visa, Mastercard, Skrill, Paypal, Unionpay, POLi, BPay
Trading Commission Zero Accounts 6 USD / lot - RAW Accounts From 7 USD / lot - Razor Account

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Alert Most retail CFD accounts lose money. Your capital is at risk.

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