Overall Rating:★ ★ ★ ★ ★ (4.7 / 5)
Introduction★ ★ ★ ★ ★ (5/5)
Licensing & Regulation★ ★ ★ ★ (4/5)
Mobile Trading★ ★ ★ ★ ★ (5/5)
Brand & Functionality★ ★ ★ ★ ★ (5/5)
Registration Process★ ★ ★ ★ ★ (5/5)
Depositing Process★ ★ ★ ★ (4/5)
Product Offering★ ★ ★ ★ ★ (5/5)
Trade Execution★ ★ ★ ★ ★ (5/5)
Banking★ ★ ★ ★ ★ (5/5)
Customer Support★ ★ ★ ★ (4/5)
Trading Tools★ ★ ★ ★ ★ (5/5)

Broker Information

User Rating
4.5 (90%) 2 vote[s]
Account Types
Account Currency
Customer Support
Min Funding
  • IronFX
  • IronFX
  • IronFX


★ ★ ★ ★ ★

With over ten trading platforms and more than 200 tradable instruments in forex, futures, spot metals, commodities, shares and spot indices, IronFX is a global online trading leader. The award-winning company serves institutional and retail clients from more than 180 countries in the Middle East, Europe, Africa, Latin America and Asia, while offering support in more than 30 different languages.

IronFX members benefit from coverage offered round-the-clock by the most accomplished client coverage teams in the world. The customer-centric service provides excellent trading functionalities via platforms joint by a side suit of product available at the best execution and pricing. Clients gain access to the best data and information to make knowledgeable trading decisions via insightful research and daily market news feeds.

IronFX also confidentially filed for an IPO, according to the Wall Street Journal in 2015, in the NYSE, aiming for an $800 million valuation. In January 2015 the company confirmed that it placed a bid on Alpari UK once the operation was insolvent and CySEC announced in August of 2015 its investigation related to the company. CySEC settled all charges against IronFX in November 2015, agreeing on a settlement of €335,000, imposing fines on EZTrader, FXGM, UFX, Interactive Option and others ranging from amounts of €123,000 up to a maximum of €340,000. Leading industry directories was informed by IronFX in June 2015 that the company left four regulations including Germany – BaFin, Russia’s CRFIN, FSP in New Zealand and CANSOB in Italy, at the same time it also announced the closure of offices in several countries including Russia, Nigeria and China.

Several international bodies have recognized IronFX’s commitment to service excellence as well as the company’s constant investment in increasing its service and investment product and the extensive list of awards include Best Forex Educator in 2015 awarded at the yearly UK Forex Awards, Best Customer Service Provider awarded by European CEO, Best Mobile Trading Platform in 2014, Best Global Online Trading Platform Award in 2017, Best of the Best in European Finance in 2016 and Best Online Forex Trading Platform in 2017.

Licensing & Regulation

★ ★ ★ ★

Founded in 2010, IronFX specialises in currency trading, financial services, CFDs, spot metals, futures, forex and commodity trading. IronFX established in Limassol, Cyprus in December 2010, once the company received authorisation from CySEC, and opened its Australian office in 2013, regulated by ASIC, while IronFX was also granted FCA authorisation in the United Kingdom.

IronFX also opened offices in 2014 in South Africa and is regulated and authorised by the South African Financial Services Board.

IronFX also adheres to all European and International regularity standards and the IronFX Group of Companies is regulated and authorised by the FCA and CySEC.

Mobile Trading

★ ★ ★ ★ ★

Trading platforms at IronFX are created to provide a powerful, practical and highly efficient experience and the Bespoke technologies utilised provide online clients with the ability to trade without slippage and with precision. The award-winning platforms available web, mac, desktop and mobile while members also gain access to a variety of fully customizable tools. IronFXMetaTrader platforms include MT4 Android Trader, MT4 iPad/iPhone, MT4 Windows Mobile Trader, MT4 iPad Trader for iOS, MT4 Android Tablet Trader, MT4 Android Tablet Trader for Google Android platform, and MT4 iPhone. The IronFX MT5 platform is optimised for tablet, iPad, and mobile devices and available from the website for free download.

The trading for iPhone/iPad, Windows and Android mobile apps features, which can be downloaded for free from the App Store or Google Play Store, access to the MT4 internal mailing system, online news, activity reports, symbol charts, live price monitoring of financial instruments as well as all execution modes, order types, analytical objects and technical indicators.

Brand & Functionality

★ ★ ★ ★ ★

As part of an established international service group that was set up way back in 1972, IronFX offers a high level of confidence and trust to its clients. Multiple awards are a testament to the service and product excellent clients can expect from the company offering more than 200 forex instruments, stock futures, spot metals, commodities and more.

The IronFX Group serves institutional and retail customers from all over the world including Latin America, Africa, and Europe. Platform languages include Thai, Romanian, Philippine, Italian, Polish, Malaysian, Hindi, Indonesian, Hebrew, Spanish, Portuguese, Greek, Spanish, Slovakian, Polish, Vietnamese, Russian, Persian, Hungarian, Czech, Bulgarian, English and Arabic.

Registering with IronFX involves three steps. The trading environment caters for individuals that are new to online trading as well as experienced traders. Assistance is available 24 hours a day, while membership offers access to 10 market-leading platforms. Members stuck without access to wi-fi or internet can place orders via IronFX’s live operators, which are also able to offer updates on the markets.

Registration Process

★ ★ ★ ★ ★

IronFX offers several trading accounts focused towards individual investors including the Absolute Zero Account, VIP account, Premium account, Micro account, STP/ECN account, Mirror account, Zero Fixed spread account and the Absolute Zero Plus account. Business or institution orientated account options include the Business account, Affiliate Plus account, and the Affiliate account.

The Micro account registration is completed in three easy steps and provides traders with a bespoke environment offering the largest selection of trading instruments and best-of-market spreads. With the Micro account traders instantly obtain access to trading via ten platforms. The minimum required deposit is $100, and its base currencies include HUF, CZK, PLN, RUB, JPY, AUD, GBP, EUR, CHF, EUR and USD. Micro account holders also have the ability to trade micro lots and can choose variable or fixed spread, while enjoying assistance from a dedicated accounts manager 24/7.

The Zero Fixed Spread Account required a minimum deposit of $500 and also provide account holders with the ability of trading micro lots, while currencies include AUD, RUB, PLN, HUF, CHF, JPY, GBP, USD and EUR. The benefits include low commissions per lot, leverage up to 1:30 and a dedicated accounts manager is available 24/7 to provide assistance.

The IronFX VIP account requires a deposit of $20,000 or more and is available in USD only. It offers VIP account holders the ability to trade mini lots, an option in variable or fixed spreads, as well as 24/7 assistance provided by a dedicated accounts manager.

Anyone new to online trading can register a demo forex account for free, which requires a few basic details such as first and last name, email, country of residence and telephone number. The demo account offers both the MetaTrader 4 and MetaTrader 5 options and free trade account types include demo floating spread, STP/ECN zero spread and STP/ECN no commission plus several others.

Depositing Process

★ ★ ★ ★

At IronFX account holders can fund their accounts in nine different base currencies, which includes RUB, PLN, CHF, GBP, USD, AUD, EUR and HUF. Should funds be deposited in any currency different to base currency, it will be converted at the prevailing rate, at the time.

Deposit methods include M.O.T.O, JCB Card, WebMoney, Neteller, Bank Wire, Skrill, Debit Cards as well as Credit Cards. The minimum deposit is $50 or as stipulated by the account selected.

Product Offering

★ ★ ★ ★ ★

Trading products offered by IronFX includes six asset classes while traders also have access to over 200 trading instruments. Products include shares trading, which is popular financial instruments, and CFDs enable traders to take long or short position on specific stock without requiring the need to own the physical share, alike to futures as well as other commodities. Forex or foreign exchange trading is currently the largest financial market worldwide with trading taking place 24 hours a day apart from weekends. Currency pairs include AUD/CAD, AUD/JPY, CAD/CHF, EUR/AUD, EUR/DKK, EUR/HKD, EUR/CNH, NZD/USD, PLN/JPY, USD/TRY, USD/ZAR, USD/CAD, NOK/SEK, NZD/SGD and several others.

Spot commodities and spot indices enable traders to spot a stock index opportunity, expand their portfolio variety and is perfect for both long and short-term trading speculation and strategies. Spot gold and silver are tradable commodities available at IronFX and is done similarly to forex trading, investors can take long or short positions and the centralised marketplace for spot silver and gold trading is accessible 23 hours a day, while CFD on spot metals is available in EUR and USD.

Trade Execution

★ ★ ★ ★ ★

Trading hours at IronFX is 24 hours a day from 00:00 on Monday to 24:00 on Friday, while negative balance protection is offered to all clients and is part of the agreement, while it is not manipulated. IronFX offers high-quality trade execution and has automated every aspect of the process while manual intervention is kept to the minimum to ensure the maximum effectiveness and efficiency. Trading facts include instant no slippage execution of 99.62% of traded in milliseconds and market trading execution at 100% with no re-quotes in milliseconds.


★ ★ ★ ★ ★

Withdrawal options are the same as deposits and include M.O.T.O, JCB Card, WebMoney, Neteller, Bank Wire, Skrill, Debit Cards as well as Credit Cards. The biggest benefit of trading with IronFX is that no delays take place during withdrawals since the process is automated.

Customer Support

★ ★ ★ ★

Support is available 24/7 via email, fax, telephone and live chat, while support language includes Bulgarian, Malaysian, Italian, Czech, English, Arabic, Persian, French, Polish, Vietnamese, Russian, Hungarian, Slovakian, Greek, Hebrew, Hindi, Spanish, Portuguese, Indonesian, Philippine, Romanian, and Thai.

Trading Tools

★ ★ ★ ★ ★

Trading tools at IronFX include trading calculators, IronFX apps, forex market hours, widgets, the traders dashboard and VPS hosting, while trading platforms include MT4, MT5, webtrader 4 and PMAN.