IronFX, where trading meets innovation on an award-winning platform since 2010. Whether you're an experienced trader or just starting, IronFX offers a unique environment tailored to your needs. With access to over 80 currency pairs and a variety of commodities, metals, indices, shares, and futures, the trading possibilities are endless. Imagine trading with spreads as low as 0 pips! But remember, all trading involves risk, and it's crucial to make informed decisions. So, gear up to explore the markets with IronFX, where every trade is a step towards mastering the art of investing.
Starting Off with an Introduction to IronFx
IronFX is a well-established online broker that provides trading services for forex, metals, indices, commodities, futures, and shares to retail and institutional clients across 180 countries. Founded in 2010 and headquartered in Limassol, Cyprus, IronFX operates globally under the IronFX Group of Companies.
IronFX offers access to over 500 tradable instruments across 6 asset classes through the popular MetaTrader 4 (MT4) platform, which is available as a desktop application, web-based platform, and mobile app.
IronFX is regulated by several top-tier financial authorities, such as the Financial Conduct Authority (FCA) in the UK and the Financial Sector Conduct Authority (FSCA) in South Africa, ensuring a secure trading environment for its clients. The company is known for its commitment to innovation, reliability, and exceptional customer support, with a multilingual support team available 24/5 via live chat, email, and telephone.
Industry-Leading MT4/5 Trading Platforms
IronFX offers a variety of trading platforms to cater to the diverse needs of its clients:
- MetaTrader 4 (MT4):
The most popular choice among IronFX traders, MT4 is known for its user-friendly interface, advanced charting tools, and automated trading capabilities. MT4 is available as a downloadable desktop application for Windows and Mac, a web-based platform (WebTrader), and mobile apps for iOS and Android devices. The platform provides access to over 200 instruments from 6 different asset classes, fast execution, and no requotes.
- Virtual Private Server (VPS):
It offers a VPS hosting service that allows traders to run their trading platform on a dedicated server. This ensures faster execution, increased security, and 24/7 access to the trading account from anywhere with an internet connection.
- Personal Multi Account Manager (PMAM):
Designed for professional traders and money managers, the PMAM platform enables users to manage multiple accounts simultaneously. It provides features such as one-click order entry, transparent activity reports, and live monitoring of market prices and forex rates.
- AutoTrade:
A copy trading platform that allows users to automatically mirror the trades of successful traders in real-time.
- Mobile Trading Apps:
Offers mobile trading apps for both iOS and Android devices, allowing traders to access their accounts and trade on the go.
| Platform | Key Features | Availability |
|---|---|---|
| MT4 | User-friendly interface, advanced charting, automated trading | Desktop (Windows & Mac), WebTrader, Mobile (iOS & Android) |
| VPS | Faster execution, increased security, 24/7 access | Hosted on a dedicated server |
| PMAM | Multiple account management, one-click order entry, activity reports | Desktop application |
| AutoTrade | Copy trading, mirror successful traders' strategies | Web-based platform |
| Mobile Apps | Trading on the go, access to accounts and features | iOS and Android devices |
Account Type that Suffices Every Need
IronFX offers a range of account types to suit the needs of different traders. The main account types are:
- The Standard Account:
The Standard account is the entry-level option, requiring a minimum deposit of $100. It offers floating spreads starting from 1.6 pips and leverage up to 1:1000.
- Premium Account:
The Premium account, which requires a minimum deposit of $1,000, provides tighter spreads starting from 1.4 pips and the same leverage as the Standard account.
- VIP Account:
For traders with higher capital, the VIP account is available with a minimum deposit of $5,000. This account type offers the most competitive floating spreads, starting from 1.2 pips, and leverage up to 1:1000. Clients with VIP accounts also receive additional benefits such as a dedicated account manager and dealing desk support.
- Live Zero Fixed Account:
The Live Zero Fixed Spread account is designed for traders who prefer fixed spreads. This account type offers spreads starting from 0 pips, with a minimum deposit of $500 and leverage up to 1:500. However, this account type charges a commission on trades.
| Account Type | Minimum Deposit | Spreads | Commission | Leverage |
|---|---|---|---|---|
| Standard | $100 | Floating from 1.6 pips | No | Up to 1:1000 |
| Premium | $1,000 | Floating from 1.4 pips | No | Up to 1:1000 |
| VIP | $5,000 | Floating from 1.2 pips | No | Up to 1:1000 |
| Live Zero Fixed | $500 | Fixed from 0 pips | Yes | Up to 1:500 |
💰 Deposits and Withdrawals
IronFX supports a wide range of deposit and withdrawal methods, including credit/debit cards, bank wire transfers, and various e-wallets such as Skrill, Neteller, and FasaPay. The minimum deposit required to open a live trading account is $100.
Deposits are typically processed instantly, while withdrawals may take up to 3 business days depending on the payment method. IronFX does not charge any fees for deposits, but there may be a withdrawal fee depending on the amount and frequency of withdrawals.
📊 Asset Classes
IronFX offers access to over 500 tradable instruments across 6 asset classes:
With such a diverse range of markets available, IronFX caters to the needs of both novice and experienced traders seeking opportunities across different asset classes.
The Most Common Queries
What are the trading hours on IronFX?
You can trade 24 hours a day, starting at 00:00 Monday and closing at 24:00 Friday (server time).
What types of financial instruments can you trade with IronFX?
IronFX offers access to over 500 financial instruments across various asset classes including forex, metals, shares, futures, indices, and commodities.
Can you cancel an instant order request on IronFX?
If you placed an instant order, it might not always be possible to cancel it if the IronFX trading server has already received your request.
What is the lowest trading volume allowed on IronFX?
The minimum trading volume you can trade on IronFX is 0.01 lots.
Why would an IronFX order be stopped?
Your order will be stopped when the margin level (Equity/Used Margin) of your trading account goes below 20%. This triggers a stop-out, and your positions start closing, starting from the most unprofitable.
How can you change the leverage on your IronFX account?
You can change account leverage in the IronFX client portal under ‘Actions' on the ‘Overview' tab. Your account should not have any open positions to adjust the leverage.
Is there a limit to how much profit a trader can make with IronFX?
There is no limit to how much a trader can make. However, forex trading comes with significant risk and many factors like economic events can aggressively drive prices up or down. Proper risk management is essential.
The Bottom Line
IronFX stands out as a versatile trading platform that caters to both novice and experienced traders with its comprehensive range of services. The platform's integration with MetaTrader 4 offers robust trading capabilities, including advanced technical analysis and algorithmic trading options, making it a popular choice among traders worldwide. Despite some criticisms regarding its research tools and educational resources, IronFX maintains a solid reputation due to its regulatory compliance and customer support across 180 countries.
