Iron FX forex broker review

The broker does not charge any fees for deposits and withdrawals and the minimum deposit than can be made is $250, although that varies, depending on the type of trading account one opens. For example, IronFX charges a $50 inactivity fee for trading accounts sat idle for over a year. Also, the broker charges a sizeable 3% of deposited funds when withdrawals are requested during periods of inactivity.

Is IronFX a regulated broker?

IronFX is regulated. This means IronFX are supervised by and is checked for conduct by the Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and limefxs Commission (ASIC) regulatory bodies.

Please ensure that you fully understand the risks involved before you engage in such transactions. Forex and CFD trading is not suitable for investors who are not able to withstand losses greater than their initial deposit. IronFX offers this EA Builder for free to traders who deposit a minimum of $500.

Fees

IronFX has three significant account tiers to trade in financial markets. Traders can go with the account that suits their trading needs and make the most use of the facilities provided. With the help of the above given details and overview of the services of the IronFX broker, it could be analysed that it is a https://limefx.vip/ legit service provider and not a scam. The regulations of authorised bodies, proper licence, registration number, and the next level facilities make it a great choice among traders. IronFX offers trading on copper futures, as well as energy futures – US light sweet Crude oil, Brent Crude oil, and natural gas.

IronFX forex broker

Now that you understand what different brokers bring to the table, and the difference between trading forex and derivatives, you will most likely be itching to start trading on the MT4 platform. On the flip side, minor currency pairs may have much wider spreads since they aren’t as commonly traded. This can come with its own set of issues though, like increased market volatility.

Company Profile – IronFx:

In both cases, the outcome is actually the same; you are benefiting when the euro strengthens (relative to the U.S. dollar). (In other words; a currency’s value is bound to fluctuate when there are shake-ups in the economy, or when big, news-altering events occur). The guidelines issued by the controlling authority are followed by the broker to ensure the safety of clients and their funds. We use dedicated people and clever technology to safeguard our platform.

What is the minimum deposit for IronFX?

What is the minimum deposit for IronFX? Their minimum deposit requirement is $500, which is relatively high.

The broker accepts a variety of deposit and withdrawal options, including MasterCard, Visa, credit/debit cards, and cryptocurrency wallets. The broker facilitates trade in a wide range of instruments, allowing traders to interact with worldwide markets. One can trade a wide range of asset classes with IronFX, such as Forex, stocks, indices, cryptocurrencies, and commodities. The MT4 mobile trading platform is used mostly for traders who prefer trading on-the-go. Traders, who like trading anytime and anywhere, mostly rely on this trading platform.

IronFx legal entities & background

The MT4 mobile application can be found on iOS and Android stores, and they are free to download. You have the option of selecting one of the eight different base currencies. These account base currencies are USD, EUR, GBP, AUD, JPY, BTC, PLN, and CZK. If you deposit funds to your trading account with a different currency, then it will automatically be converted limefx website into the base currency of your choice on your trading account. Keep in mind that wide dealing spreads, swaps, and high trading commissions can stack up quickly, adding considerably to your transaction costs when trading forex. If you intend to be an active forex trader, it can pay to shop around for the fee structure that will best suit your trading style.

  • You can access your VPS using the Remote Desktop Connection at any time and you will see that your platforms are still running as you left it.
  • Something else that may be worth keeping an eye out for is copy trading.
  • With all of the major currency pairs, traders can go long, or short one currency against another (though some of the less-actively traded national currencies are subject to exchange rate controls).
  • IronFX’s MT4 can be downloaded directly from the site, and it comes in no fewer than 12 different versions, covering every conceivable desktop and mobile device out there.
  • With CFD on shares, traders can invest in some of the largest and most successful companies in the world without actually owning any company stock.

IronFX uses standard security features to keep clients’ personal information secure, including website encryption. Security could be bolstered through the use of dual-factor platform authentication. One trading platform –Although MT4 is the most popular trading platform, it is the only option available, and it may not suit the trading style of some traders. Spreads get more competitive as you move up the account tier structure, with the VIP account offering the best value for money. IronFX also offers a Personal Multi-Account Manager system, which lets traders manage multiple MT4 accounts at the same time. The first step is to learn how to trade forex and this FX broker has plenty of educational resources to help new traders find their feet.

Commission and fees

74% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. 76% of retail investor accounts lose money when trading spread bets and CFDs with this provider. The IronFX brokerage has been providing online forex trading services since 2010 and is part of a financial services group founded in 1972. IronFX provides traders in over 180 countries with some of the market’s lowest spreads and sophisticated trading technology via 16 trading platforms. In addition, customer service provides traders with 24/7 support in 45 languages.

  • The “symbol” button will open a drop-down menu when you click on it.
  • There are no fees for depositing and withdrawing funds because the broker is a commission-free service provider.
  • As an affiliate, you can use these promotions to generate high traffic through event marketing.
  • It has to be said though that the minimum spread on bitcoin is massive, as is the margin requirement.
  • The broker also offers best in class mobile trading platform or app for each level of the trader to efficiently trade from anywhere, anytime.

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