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Overall score

IronFX Broker Review 2024

IronFX is an international broker, operating in various jurisdictions around the world to support each client. Different entities in the IronFX Group are regulated by multiple reliable bodies, in particular FCA (UK), CySEC (Cyprus), and the FSCA (South Africa). However, please note the subsequent information in this review pertains to the entity Notesco Limited registered in Bermuda with registration number 51491.

Customers can use the MT4 platform, WebTrader, TradeCopier, VPS, IronFX Web Trader app, IronFX Mobile Trading app, and PMAM to trade 500+ products from 6 asset classes. To get started, a minimum deposit of $350 is required and you can choose from various base currencies, including USD, EUR, GBP, AUD, JPY, BTC, PLN, and CZK.

IronFX serves clients from 180+ countries and is highly valued for providing cutting-edge technological innovation, superb trading conditions, competitive spreads, and a flexible leverage range. With 24/5 multilingual customer support available in over 30 languages, IronFX provides a seamless trading experience for its clients.


Supported Languages

Arabic, Bulgarian, Chinese, Czech, Dutch, English, French, German, Greek, Hebrew, Indonesian, Italian, Japanese, Korean, Polish, Portuguese, Romanian, Russian, Spanish, Turkish, Vietnamese, Persian, Indian


Forex, Commodities, Indices, Stocks, Metals, Futures

Min Deposit

350 USD

Max Leverage

1:30 (FCA) 1:30 (CySEC) 1:500 (FSCA) 1:1000 (BM)

Trading Desk Type

ECN, STP, Market Maker

Trading Platforms

MetaTrader 4, Social Trading/ Copy Trading with TradeCopier

Deposit Options

Wire bank transfers, Local bank transfers, credit/debit cards, payment apps, Digital assets

Withdrawal Options

Visa card, Bank Wire Transfer, Skrill, Neteller, UnionPay

Time to Withdrawal

Withdrawal times vary depending on the Payment provider but range from the same day to 10 business days.

Time to Open An account

5 minutes to register



Demo Account


Foundation Year


Headquarters Country



Through the IronFX Academy

IronFX offers an extensive set of trading tools and educational resources including eBooks, webinars, podcasts, and more. With competitive pricing and transparent trading conditions, IronFX caters to both novice and experienced traders.


IronFX is a trustworthy broker that offers traders a safe and secure trading environment. The broker makes sure that its traders’ margin balance never drops below zero by offering a negative balance protection policy. This ensures that traders who lose trades do not incur additional debts.

Fee details:

With spreads as low as 0.04 pips (XAGEUR, XAGUSD), IronFX offers extremely competitive fees and up to 1:1000 leverage. Most IronFX accounts come with no commission except from the case of the Live Zero Fixed Spread account or the STP/ECN Absolute Zero, where spreads begin at zero, the spread is typically fixed at zero.

While there are no fees associated with deposits or withdrawals from IronFX, users may have to pay third-party fees for using specific payment options. When a trader deposits money and asks to withdraw it without ever making a trade, the company may charge a 3% “no trading” fee.

Spread fee details:

One of the main things to consider when trading is how tight the spreads are, as larger and wider spreads entail higher costs. IronFX is one of the most affordable brokers available, with some of the tightest spreads in the market beginning at 0.04 pips.

Traders can trade CFDs on a variety of international financial markets, such as shares, indices, forex, metals, futures, and commodities. Because the majority of these instruments have tight spreads, IronFX is a fantastic choice for trading.

The type of account you select will determine whether you receive fixed or floating spreads. Keep in mind that flexible spreads can alter based on the state of the market. A fixed spread account allows you to calculate your trading costs in advance and be ready, so you may be able to ensure some cost stability.

Swap fee information:

Like a lot of brokers, IronFX charges swap fees on traders who leave their positions open for the night. The broker offers swap-free accounts to Islamic traders.

The swap fee varies based on the currency pair and other factors and it is expressed as a percentage of the price of the underlying asset.

In order to better explain swap fees, consider the following scenario: if you are long EUR/USD at 1.3000 and the swap fee is 0.5%, you will be charged $0.0065 per lot. The currency pair and other variables can affect the swap fee, which can be positive or negative.

For traders looking to minimise trading expenses, IronFX is a great option because of its extremely competitive swap fees when compared to other brokers in the market.

Deposit & withdrawal options:

A variety of payment options are available from IronFX for both deposits and withdrawals. Customers can make deposits and withdrawals using e-wallets, credit/debit cards, and bank wire transfers.

$100 is the minimum deposit required to open an account with IronFX. Deposits and withdrawals are not subject to additional fees from the broker. Nevertheless, depending on how they choose to pay, clients may be responsible for paying third-party fees. Also, there might be an exception because the trader’s bank or other financial institution may impose fees when processing a transfer.

Traders who have completed their deposit can immediately begin trading. In order to receive their initial deposit back using the original payment method, traders must apply for a bank withdrawal through the client portal. Any remaining funds, or profits, will then be transferred to their bank account. The newest SSL encryption and other security technologies safeguard the deposit and withdrawal procedures.

Available markets

IronFX offers 500+ tradable instruments across 6 markets.


With IronFX, traders can trade 80+ currency pairs, including majors, minors, and exotics, with tight spreads and no additional costs. There are several popular currency pairs available such as EUR/USD, GBP/USD, and USD/JPY, with minimum spreads of 0.7, 0.8, and 0.4 pip, respectively.


Palladium, platinum, and precious metals like gold and silver are available at IronFX. Traders prefer trading gold and silver, particularly during periods of unstable markets or uncertain economic conditions.

In addition to providing portfolio diversification, metal trading gives traders access to greater trading volumes and high liquidity.

Because supply and demand for these metals are comparatively predictable, traders can employ specific strategies and look for market opportunities.


With low spreads and competitive or no commissions, IronFX offers CFDs on futures, enabling traders to access some of the most liquid futures markets, including the S&P 500, Nasdaq 100, Dow Jones 30, and others.

To assist traders in making wiser trading decisions, IronFX also offers a full suite of charting tools. Futures traders can take large positions without worrying about slippage because they have access to a high liquidity pool.


Crude oil is one of the many commodity CFDs that traders can trade on the IronFX platform. These commodities can be traded with flexible leverage and low spreads. Traders can profit from the volatility of commodity prices, which can fluctuate due to factors such as supply and demand, political unrest, and other factors.

With commodity CFDs, traders can trade commodities without actually holding the underlying asset and take advantage of price fluctuations.


With IronFX, traders can trade CFDs on stocks while taking advantage of competitive spreads and flexible leverage. With any IronFX platform traders can trade their preferred companies, such as Tesla, Apple, and Amazon, through CFDs and explore exciting possibilities while on the go.

Technical indicators and fundamental data are available to traders using MT4, enabling them to evaluate stocks and create successful trading plans.


IronFX also provides CFD trading on indices. Global spot indices, including the German Dax and the Australian 200, are available to traders. Low spreads and flexible leverage are offered for these indices.

Trading indices offers more options for both long and short positions. With the use of advanced trading tools, traders can make well-informed decisions when trading indices.

Leverage information

Maximum leverage is 1:1000 at IronFX. With this level of leverage, traders can use less capital to execute larger trades.

With $350 in their account, for instance, a forex trader can use leverage to enter a trade worth up to $350,000. However, leverage can also cause traders to lose more money if the market turns against them.

Available trading platforms

The industry-leading MT4 trading platform, popular for its extensive feature set and easy-to-use interface, is provided by IronFX. Traders don’t need to download any additional software in order to access it on their desktop, laptop, Android and iOS devices, or the MT4 WebTrader online.

Additionally offered are the mobile trading app, web trader app, TradeCopier, for copytrading, VPS hosting that allows traders to enjoy secure connection and fast speed and PMAM that enables managing several accounts.

MT4 features

Wide variety of instruments

There are more than 500 instruments in six asset classes each having advanced tools that allow traders to analyse the markets and make well-informed trading decisions.

Tailored user interface

MT4’s customised user interface allows traders to have an experience tailored to their needs. In order to help traders perform technical analysis and stay up to date with market trends, advanced charting tools provide an additional source of information.

Advanced trading orders

Traders can select from a variety of advanced trading orders, including limit orders, stop losses, and take profits, to help them better manage risk and maximise their profits.

Numerous types of technical indicators

Many technical indicators, such as oscillators, trend lines, moving averages, and more, are available on IronFX’s MT4 platform. They give traders market insights and support in locating trading opportunities.

One-click trading

One-click trading is another feature of the IronFX MT4 platform that enables traders to execute orders with just one click, saving time and improving trading efficiency.

Overall, IronFX is a reliable and trustworthy broker, providing traders with easy, fast, and secure access to the financial markets. Hedging and scalping are also allowed.

Trading accounts types

Live Floating and Live Fixed Spread Accounts

The Standard, Premium, VIP, Privilege, Cent, and Live Zero Fixed Spread accounts are among the Live Floating/Live Fixed Spread Accounts. The trader can trade a variety of CFD instruments with flexible leverage up to 1:1000, zero commission (except for the Live Zero Fixed Spread Account), and floating or fixed spreads, depending on the type of account. Stop out is available for the Live Zero Fixed Spread Account at 20% and 50% from IronFX. There is also an Islamic/swap-free account available. A dedicated account manager is accessible five days a week, and the accounts have a dealing department transaction hotline.

STP/ECN Accounts

The Zero Spread, Absolute Zero, and No Commission accounts are IronFX’s STP/ECN accounts. Spreads on the Absolute Zero and Zero Spread accounts are zero. For the Absolute Zero account, flexible leverage is 200. For the No Commission and Zero Spread account, it is 500, with a 50% stop out.

How to open a trading account at IronFX

  1. Go to the website, then select “Register.”
  2. Enter your information, choose the type of account you want, and include other trading details.
  3. After that, you’ll get an email with information on how to fund your account, confirm your profile, and get started, along with instructions on how to submit more documents.

Educational resources

IronFX offers some of the most extensive educational materials in the market. It offers a wide collection of trading resources, such as eBooks, webinars, podcasts, courses, a blog with educational articles, and much more, for both novice and expert traders.

Customer support

IronFX’s customer service team is available around-the-clock and provides multilingual assistance in over 30 languages.

IronFX broker in a nutshell

With an excellent track record and an increasing number of traders, IronFX has been a global leader in online trading for more than ten years. With a great variety of instruments, advanced platforms, robust educational material, and advanced customer care, traders of all levels trade within a seamless environment.

All trading involves risk. It is possible to lose all your capital.


easy set up beginner friendly
Very nice
Very good trading platform but need to have little more experience
Easy to use and operate, straight dashboard and the helpline is fast
Brilliant service. Easy to use well laid out and very easy to deposit and withdraw from your account
nice platform
Love it
Withdraw in 24hours
really good broker. Easy to use and with a good support. Also for the beginners there's a good Education section where you can find a lot of contents to learn to trade
Really good
great broker for beginners, no fees in day/intraday trade, you receive your withdrawal within 24h.
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