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IronFX Broker: Reviews and Specifications

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IronFX Discussion

  • Website: www.ironfx.com
  • Founded: 2010
  • Company: Notesco Limited
  • Headquarter: 2, Iapetou Street, Agios Athanasios, 4101 Limassol, Cyprus
  • Regulation: FCA, CySEC, ASIC
  • Previous Name: IronFX Global Limited, IronFX Limited

Open Account

International offices London, Sydney, Johannesburg
Broker Type ECN/STP • Market maker
Broker Status Independent Broker
Accept U.S Clients No
Live Chat Yes
Phone +44(0) 203 282 7777
Email [email protected]
Website Languages English, Arabic, Czech, French, Italian, Polish, Portuguese, Russian, Spanish, Vietnamese, German, Korean, Chinese, Japanese

 

Account Information

Free Demo Account Yes
Min. Deposit $100
ECN account Yes
Account Currencies USD, EUR, GBP, AUD, JPY, CHF, PLN, RUB, CZK and HUF
Maximum Leverage 500:1
Minimal Order Volume 0.01
Segregated accounts Yes
Swap-free Accounts Yes
MAM/PAMM accounts MAM
Managed account Yes
Interest on margin No
Deposit/ Withdraw Options WebMoney • Moneybookers (Skrill) • Neteller • Bank Wire • Visa/ Mastercard • JCB Card • QIWI • M.O.T.O

 

Trading Terms

Trading Platforms
  • MetaTrader 4
Precision pricing 5 digits
Type of Spread Fixed / Floating
Commission –
Lowest spread on EURUSD 0.8 pips – Mini account
0.7 pips – Standard account
Scalping Yes
Hedging Yes
Expert Advisors Yes
OCO orders No
Mobile Trading Yes
Web Trading Yes
Gold, Silver Yes
CFDs Yes
Cryptocurrency Trading Bitcoin • Ethereum
Other Trading Instruments Stocks • Futures • Energies • Indices • Commodities • Shares
Promotion IronFX Bonus
Trading Contests IronFX Contest

Reader Interactions

Comments

  1. George Williams says

    April 25, 2017 at 9:55 pm

    they have a demo option so you can try it with no risk and I would reccomend it to anyone who has no experience in trading and their customer support is actually decent, should I start with a live account? Anyone trading with them?

    Reply
  2. Jackie says

    May 8, 2015 at 8:22 pm

    I have been trading with them for a couple of years. I can honestly say that I don’t understand why all the fuss is happening. They have always treated me fairly and when I saw many negative comments on different forums I tried to withdraw some of my money. A few days later the money was in my bank account. All seems to be ok with them.

    Reply
  3. Gunther Vonstadt says

    May 1, 2015 at 8:35 pm

    I am trading with them for a long time and i didn’t face any issues now i am using a new product called portfolio management which offers me a higher ratio to my profits and also I have the option to use different position size which allows me to accommodate different products with minimal downside risk. And you have the option to choose your risk if you are on low risk you have to deposit $500 on STP account and if you choose the balanced one is $2000.

    Reply
  4. Peter says

    April 30, 2015 at 9:05 pm

    They seem to be strong and survived their “crisis” as i was satisfied before with them and started again to trade with them. I can assure you that everything is working perfectly and there are no issues with them.

    Reply
  5. MUHAMMAD IRFAN says

    April 8, 2015 at 3:44 am

    Hi my name is Irfan Gujjar.I’m freaking pissed off about Ironfx. I am a client of them and trying to withdraw from last 2 months. First they said that the payments department
    is overloaded, then they said that since I made a lot of profits then compliance has to approve my withdrawal.How the hell are they processing so long time?

    And IronFX boasts on their website that they have ASIC, Cysec, FCA, Eurex license and membership. It’s a big bullshit.
    Payment transaction are mentioned Below:

    1) 23098813 2014-12-23 WMP3D6J23GNH1I97 Withdrawal – MoneyBookers 975.03 USD Declined
    2) 23100175 2014-12-19 WM339E5649NGRT1C Withdrawal – MoneyBookers 89.00 USD Declined
    3) 23102132 2015-01-05 WM4OBMXKM8NHP77S Withdrawal – MoneyBookers 1,000.00 USD Declined

    This payment declined three times as you see:

    4) 23106299 2015-03-02 WMHEFFEC0GNKITR8 Withdrawal – MoneyBookers 1,470.00 USD Declined
    23106299 2015-01-29 WB9N8Y4SN6NK31ZK Withdrawal – Bank 1,470.68 USD Declined
    23106299 2015-01-26 WBIJMLJTMONISZ56 Withdrawal – Bank 1,470.68 USD Declined

    5) 23108970 2015-03-27 WM4SR4IX2BNLV5XK Withdrawal – MoneyBookers 500.00 USD Declined

    Can anybody here share their experience with withdrawing profits from IronFX. I would very much appreciate it. I’ve just been fool not withdrawing earlier from Iron.

    If you want to help me contact me on :

    GMAIL: [email protected]
    FACEBOOK: [email protected]
    TWITTER: GujjarIrfan786
    LINKEDIN: [email protected]

    Reply
    • Guido Sarducci says

      July 9, 2017 at 7:07 pm

      I am sorry for you but I am afraid you will never have your money back. IRON FX is a scam broker, it has stolen the money of thousands of traders throughout Europe, China and so on…
      My request to withdraw 1’000 euros is pending since Sept. 2016.

      Reply
  6. AC TradingRocks says

    March 25, 2015 at 10:25 pm

    Hi abid and martin. Stay calm. have you contacted the regulator? Has ironfx contacted you with an explanation? have you followed up? If you have been following the news, ironfx has had big problems with scam IBs in china who were stealing money, and because of that they blocked some suspicious accounts. if you have nothing to worry about and they still havent given you your money, i suggest that you contact the regulator to help speed up the process. for other traders – myself included – my trading continues as normal and my withdrawals have not been affected. do you have any updates on your own situation?

    Reply
    • Guido Sarducci says

      July 9, 2017 at 7:11 pm

      All the stuff about Regulators is pure crap…CYSEC is a corrupt institution…If not so, they would have imposed IRON FX to allow withdrawals and return clients’ money, but that simply won’t happen.

      Reply
  7. abid says

    February 19, 2015 at 12:52 am

    Be aware,
    Ironfx is a scam broker.Fraud company.
    SCAM SCAM SCAM.
    my account number is 17019137 2015-02-04 WBH1SDVCT1NJ5JLD Withdrawal – Bank 1,877.00 USD Processed.
    But no one is ready to give me my money.
    every person here is a layer. big big layer.

    Reply
  8. percy-unionfx says

    November 27, 2014 at 11:58 pm

    For me InstaForex is the best broker in the market, I have earned a lot with them and could develop my own strategies. Also, their courses are so interesting and useful and it is developed for both newbies and proffesional traders. I am very satisfied with this broker and really recommend them

    Reply
  9. Martin Rubio says

    October 22, 2014 at 3:37 am

    Hey everybody this is a scam broker! I can’t withdraw my money after many attempts, they said I have to confirm my identity through many documents but I have already done and the problem remains,

    Reply
  10. laurelpips13 says

    October 13, 2014 at 11:45 pm

    The broker IronFx was the worst broker I have ever trade with because almost all their services are so slow, especially their trading platform, this almost always has connections poblems and that is why I couldn’t set up my orders as I want! I am so dissapointed of this broker, take care please.

    Editor note: Reviews come from the same IP of of InstaForex representative/affiliate.

    Reply
  11. Myles Reed says

    October 3, 2014 at 2:34 am

    Totally agree with Austin. To be honest, I decided to trade with IronFx because of the good information availabe in their webpage but after trading with them for some time I understood the real conditions they offered. I have lost most of my money because of their grim services, I never can set up my orders on time becase their trading platform is always frozen! For me, they have to improve a lot their services first; otherwise, I am completely sure this broker is going to end up in jail.

    Editor note: Reviews come from the same IP of of InstaForex representative/affiliate.

    Reply
  12. Elvis Morris says

    September 24, 2014 at 1:28 am

    I regret to have traded with this broker because they have just made me west my time and more important, my money! I am taking measure agains this broker at the regulated body CySEC, I hope to receive and answer soon. I strong recommend you to stop trading with this broker because maybe you can lose your money as I did.

    Reply
    • Guido Sarducci says

      July 9, 2017 at 7:15 pm

      The last thing you can expect is that CYSEC (which is a corrupt institution) will do anything about it.
      CYSEC is being paid by the very scam brokers to allow them to operate.

      Reply
  13. Richard Hall says

    September 23, 2014 at 3:02 am

    I am so dissapointed with this broker because I have lost all my earnings! I can’t withdraw them from my trading account, the customer service hasn’t given me a coferent explanations, they just ask me for data but I haven’t received a solution yet, I am seriously thinking to take some measures agains this broker at Cysec.

    Reply
  14. WilliamsTrader says

    September 19, 2014 at 12:44 am

    This is the worst broker I have ever worked with! I haven’t received my gains and they always gave me excuses for this, and what is worst now I can’t withdraw my money, only one time their Customer Support have contacted me but they didn’t give me a solution, I am looking forward to take measure about this broker.

    Reply
  15. jonnattan says

    December 1, 2013 at 7:42 am

    We must avoid the brokers regulated by CySEC Cyprus they generally cheat and thief if you have entrusted your money even if you win you can not recover because they CySEC deaf to the problem of traders to keep their Brokers that he contributed money. I was witness to several instances of traders can not withdraw their money or the brokers manipulate prices to kill the stop loss.When I leave buy Limite but markets is closed and tomorrow reopening maximum prix is 7162 but iron fx executed my buy Limit to 7200 and closed margin call.DAX market Yesterday is closed 7254 tommrrox morning opening is 7162 but 7200 price is no exist for the day how can buy at this price cheat and thief

    Reply
  16. Austin P says

    January 24, 2013 at 5:23 pm

    The site of Iron Forex Looks Good and the information inside even better if we presume that this is not an honest broker.

    What is the aim of an Fx broker? To attract more customers right? The way I perceive Ironfx is that they lie to you to get you in and then take your money. Why I am saying that? If you look at their site, home page banner number 3 its says interbank pricing from 0. and then in their site: http://www.ironfx.com/en/trading-products/forex they say “We offer the tightest spreads in the market, starting FROM 0.4 pips” Why not being honest from the first banner? Customers are not stupid, they know how to read.

    In general I like their site and services but this makes me crazy to see such inconsistency in their marketing approach. I hope they will understand my post from a customer point of view and I hope they can provide an answer to me, why they are doing this. (Unhetical Behavior)

    Reply

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