Ironfx Objective Review

IronFX customer support provides personalized support for retail and institutional clients in more than 180 countries in Europe, the Middle East, Asia, Africa and Latin America. Support is provided in over 30 different languages with service provided round the clock.

IronFX - A Foreign Exchange Brokerage Review

The majority of agricultural commodities are staple crops and animal products, including live stock. Many agricultural commodities trade on stock and derivatives markets. Commodity exchanges are formally trader recognized and regulated markeplaces where contracts are sold to traders. IronFX maintains segregated accounts to ensure that client funds are fully segregated from company funds at all times.

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More so, this broker is trader-centered that it regularly updates its Forex News, a feature that provides weekly financial report. The company’s main headquarter is located in the United States, and it has a number of leg offices including those in Tokyo and London. Initial deposits can be withdrawn via the same method deposited and any trading profits withdrawn via bank wire transfer. IronFX provides customer support 24 hours a day, 5 days a week in the form of email, live chat, a telephone support line and an FAQ section. IronFX is a trade name of Notesco Limited which is a company registered in Bermuda, as detailed on the broker’s website. 200+ markets to trade on covering Forex, Metals, Indices, Commodities and Shares.

IronFX - A Foreign Exchange Brokerage Review

This stands for “Personal Multi-Account Manager”, and this sophisticated platform allows users to manage any or all of their MT4 accounts at the same time. Available on all Microsoft Windows and Apple OSX systems, it allows users to access all of their multi-product trading accounts as well as facilitating all of the available execution types.

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IronFX support can be contacted through a live chat feature, directly off the homepage of their site. Every one of their 4 global offices can be reached through their own phone numbers and email addresses. The backbone of the brokerage is the MT4 platform, which is indeed the best when it comes to EAs, technical analysis and advanced charting. At IronFX, MT4 has been made available in no fewer than 12 versions, covering PCs, Macs, various mobile platforms and tablets. Many reviewers point to the fact that IronFX is a UK- and Australia-focused operation. While the brokerage is indeed licensed in both of those countries, that statement is simply not true. IronFX serves clients in no fewer than 180 countries, covering the whole of Europe, the Middle East, Asia, Latin America and Africa.

IronFX - A Foreign Exchange Brokerage Review

ASIC’s oversight of IronFX means that client money is held in a trust and completely separate from IronFX’s own money. Unlike other jurisdictions, however, if you are based in Australia or South Africa, there is no additional compensation scheme in place to cover your deposit. That doesn’t mean it isn’t safe to deposit with IronFX if you’re in Australia or South Africa. Rather, you are offered only the legal protection afforded by the Australian legal system. That being said, money held in trust in Australia is highly regulated and covered by the Corporations Act. Cyprus is a European Union member and is a financial services industry hub.

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Customers in countries regulated by CySEC are eligible for compensation of up to €20,000 if IronFX fails. Notesco Financial Services Limited is authorized and regulated by Cyprus Securities and Exchange Commission (CySEC License no. 125/10). IronFX provides customers dedicated 24/5 customer support to retail and institutional customers from over 180 countries in Europe, Asia, the Middle East, Africa and Latin America. Traders can contact IronFX customer service by phone, email, fax or live chat. Traders can view the IronFX website in English, Spanish, German, Italian, Arabic, Korean, Portuguese, Slovak, Czech, French, Chines, Polish, Russian and Japanese.

Not only does IronFX offer a generous 60 percent welcome bonus to new traders, but it also rewards its traders with the opportunity to receive $3 for every lot that they trade. • STP/ECN Accounts – Provide traders with direct market access for prices and trade execution. • Micro Accounts – Designed for traders who have less than $2,500 to deposit. Traders Union has worked hard to become the most reputable Forex site for Forex market participants. We have built a trusted center for analyzing all events on the market and any information affecting the operation of the Foreign Exchange market. We provide the most accurate and varied forecasts and collection of statistics for each Forex broker. Traders Union is a site that allows you to follow all the news of the Forex market as well as promotions of Forex brokers, receive the most comprehensive analytical studies, and share your experience.

  • Social Trading– taking advantage of one of the newest trends in forex trading, IronFX offers clients social trading with some of the world’s leading and multi-award winning brokers.
  • IronFX considers itself to be the leading online broker and seems to be recovering well from past regulatory issues.
  • The company offers a variety of social trading platforms with 24/5 dealing and 24/7 back office support and live chat.
  • Additionally, the company’s customer support is designed to offer the highest level of service through email, live chat and toll free telephone support in more than 30 languages.
  • It supports numerous trading platforms, including MetaTrader 4, and offers its clients an easy way to make deposits and withdrawals through its proprietary Client Portal.
  • In addition, IronFX social trading platforms offer unlimited promotions and bonuses.

Commodity.com makes no warranty that its content will be accurate, timely, useful, or reliable. After completing this information, traders have to provide IronFX with information to verify their account and then fund their account with a deposit. The main difference between real and STP/ECN accounts is in execution. Real accounts have instant execution that involves the use of re-quotes, while STP/ECN accounts have market execution where no re-quotes are involved. Additionally, IronFX uses a different liquidity provider, which accounts for the difference in spreads.

IronFX consists of a group of international finance experts with many years of experience in relevant areas like risk management, client business solutions, software development and financial market analysts. IronFX also operates in the United Kingdom as a trade name of 8Safe UK Ltd. the broker is there regulated and authorized by the Financial Conduct Authority or FCA and has the license number of . From https://forexarena.net/ market analysis, articles of trading psychology, and various technical analysis guides, there is something for all skill levels, which makes IronFX a platform you can really grow with as your skills increase. Although the exact spreads you get offered will vary depending on the account type you have open with IronFX; it’s generally speaking very competitive when compared to the industry averages.

Anyone can leave feedback about IronFX on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market. Any review can raise or lower the rating of any broker in the general list of brokers. Our products are traded on margin and carry a high level of risk and it is possible to lose all your capital. These products may not be suitable for everyone and you should ensure that you understand the risks involved.

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The two groups of accounts vary widely in the area of market execution. STP/ECN accounts use market execution, while real accounts use instant execution with re-quotes. IronFX offers up to seven account types, including three with STP/ECN specifications.

IronFX - A Foreign Exchange Brokerage Review

They also provide their clients with up-to-date access to market news, information, and statistics to ensure that their clients make well-informed trading decisions. They serve retail and institutional customers from around 180 countries across Europe, Asia, Africa, Latin America, The Middle East and Australia, while offering support in approximately 30 languages. Premium Account- Apart from its 0.7 spread on EUR/USD pairing, other features bear no difference from the Micro account. One is required to have a minimum deposit of $2,500, a relatively expensive amount given that it does not offer unique features compared to the starter account.

Still, all accounts offer unique perks and offer competitive features. Till then means it’s is not recommended to open an account with IronFX and put a capital in high risk as of the broker’s lack of the professionalism to handle operations. The company claimed to be one of the most respected online brokerage firms with a widen offering to the investors and multiple, 30+ received global awards which should confirm a reliable status of the company. This division showcases commentaries on Forex, commodities, and indices- all made available in either video or article.

IronFX likes to keep things simple and straightforward by providing three account types. These fixed-spread accounts work on a tiered-structure, giving clients the opportunity to pick the account that best suits their preferences.

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The IronFX Client Portal is completely automatic and lets clients withdraw and deposit funds with one simple interface. Each of IronFX Payment Service Providers are regulated by the world’s major regulating agencies and are listed below with their deposit and withdrawal fees , restrictions and maximum transaction amounts. IronFX offers Excess of loss insurance cover over and above the FSCS limit of £50,000. Take note that neither of these bonuses can be withdrawn from your trading account.

Each customer account is assigned a unique number that is used exclusively for client funding purposes. As such, IronFX users, depending on their location, will fall under a number of different account IQ Option Forex Broker Review insurance and compensation schemes. In line with these requirements, client funds are kept fully separate from the company’s working capital, reducing the risk of misappropriation or misuse.

The regulatory agency which stepped up when the going got really murky for IronFX, was Cyprus’ CySEC. The brokerage acquired its CySEC license (#125/10) upon its launch. What this also means is that IronFX is free to deliver the financial services covered by its license, to every EU country. In addition to this license though, the brokerage is registered with national financial authorities too, such as Italy’s CONSOB and France’s BaFIN. IronFX is an excellent platform to trade cryptocurrencies on, and we particularly liked the variety of platforms that are available for download and use. Client fund security is vital to them, and the Group holds all clients in segregated accounts so that they are kept separate from IronFX’s funds all the time. As previously mentioned, IronFX offers customer service to customers from over 180 countries in around 30 languages.

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