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IronFX Review

FX Scouts By Jeffrey Cammack Updated: May 12, 2020
Overall Rating
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

Trust Rating
Trading Conditions
Trading Platforms
Deposit & Withdrawal
Education & Research
Assets Available
Customer Service
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, UK, South Africa, Australia

Deposit & Withdrawal Methods

Supported Platforms for IronFX

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

Compare CFD Brokers

Overall Rating 4.29 / 5 4.27 / 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
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
Trust Rating 5 / 5 5 / 5 5 / 5
Trading Conditions 4.5 / 5 4.5 / 5 4.5 / 5
Trading Platforms 4 / 5 4.5 / 5 5 / 5
Deposit & Withdrawal 4.5 / 5 3 / 5 4 / 5
Education & Research 3.5 / 5 3.5 / 5 4.5 / 5
Assets Available 4.5 / 5 4 / 5 4.5 / 5
Customer Service 3.5 / 5 4.5 / 5 4.5 / 5
% Lose with this broker 75.35% of retail investor accounts lose money when trading CFDs with this provider of retail investor accounts lose money when trading CFDs with this provider 76.5% of retail investor accounts lose money when trading CFDs with this provider
Leverage1000:1500:1500:1
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 MT4, MT5, IRESS MT4, MT5, cTrader
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 4.29 / 5 4.27 / 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
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
Trust Rating 5 / 5 5 / 5 5 / 5
Trading Conditions 4.5 / 5 4.5 / 5 4.5 / 5
Trading Platforms 4 / 5 4.5 / 5 5 / 5
Deposit & Withdrawal 4.5 / 5 3 / 5 4 / 5
Education & Research 3.5 / 5 3.5 / 5 4.5 / 5
Assets Available 4.5 / 5 4 / 5 4.5 / 5
Customer Service 3.5 / 5 4.5 / 5 4.5 / 5
% Lose with this broker 75.35% of retail investor accounts lose money when trading CFDs with this provider of retail investor accounts lose money when trading CFDs with this provider 76.5% of retail investor accounts lose money when trading CFDs with this provider
Leverage1000:1500:1500:1
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 MT4, MT5, IRESS MT4, MT5, cTrader
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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Trading Forex and CFDs is not suitable for all investors and comes with a high risk of losing money rapidly due to leverage. 75-90% of retail investors lose money trading these products. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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

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