Joey Shadeck is the Content Strategist and Research Analyst for BrokerNotes.co and ForexBrokers.com. He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years. An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content. The live chat pops up frequently, which I found disruptive. Customer support responds swiftly but attempts to collect contact information for an account manager to call.
Wide range of ECN accounts is exactly what I need to trade more effectively during the day. Tight spreads and low commissions are the traits that characterize this broker in a positive way. We aspire to speak to each and every one of our traders in their native language, help them feel at home and address all their queries in an efficient and stress-free manner. This is why we offer customer support in more than 30 languages, 24 hours a day, 5 days of the week. Great company to interact with and trade on financial markets. I had a few question when I set up and support service solved it very quickly.
We are sorry to know about your negative experience, please email us at trustpilot- with your account details for further assistance. The distinctive feature of this broker is that it provides a wide range of tools and services. Yes; in case you were wondering, 79% of the brokers reviewed on BrokerNotes.co offer this popular feature. To learn more about social copy trading , check out our guide to copy trading. IronFX does not provide this information amid a lack of transparency. Many traders report withdrawal problems at IronFX, but I could not independently verify the issues.
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My bitcoin withdrawal took no time at all which was great since there are other places that it takes days. With previous brokers I had various issues regarding fund deposits, but with IronFX I was able to deposit and withdraw money from my own mobile very quickly. A pack of high quality services – this is what this broker is all about. The trading platform is handy and comfortable, list of assets is large and includes many class of products. We’ve researched the MetaTrader offerings of 60+ forex brokers and found that 81% of brokers offer the more famous version of MetaTrader, MT4, while only 62% offer the newest version, MT5. We have in-depth guides on MetaTrader if you’d like to learn more; check out our guide to MT4, or read our in-depth guide to MT5.
I have no use for any of the features here, nor did I ever plan on using them. Trading FX or CFDs on leverage is high risk and your losses could exceed deposits. A history of fake positive reviews submitted from inside IronFx’s offices. To deposit your money is easy, but to withdraw it, they do everything to block you, supposedly illegible documents, then it’s not the right email address, then it’s not the right amount.
For Live Floating and Live Fixed Accounts:
The deposit can take up to 24 hours to be processed depending on the method you choose. Bank Wire transfers can take up to 3 working days, depending on the bank. IronFX is an online broker with established operations in the EU, Australia , and worldwide through its registered brand in Cyprus. The company claimed to be one of the most respected online brokerage firms with a wide offering to the investors and multiple, 30+ received global awards which should confirm the reliable status of the company. Trading financial products carries a high risk to your capital, particularly when engaging in leveraged transactions such as CFDs. It is important to note that between 74-89% of retail investors lose money when trading CFDs.
Negative balance protection means that clients cannot lose more money than they have in their accounts. In the Deposit and Withdrawal category, IronFX received a perfect score. There are many options to choose from, and there are no deposit and withdrawal fees. With each type, the spread is lowering, while on the offshore website, all accounts can be swap-free.
Deposits & Withdrawals
We’re sorry to hear about the negative experience you had with IronFX. We take all customer feedback seriously and are committed to ensuring that our clients receive the best possible service. This fairy tales about IronFx not doing withdrawals anymore are completely nonsense. They scared me the past weeks, because i had £22K at my account but i got my money back. It gives me big confidence with the broker and I naturally want to continue trading with it in the future. Discover countless Forex Trading opportunities with 80+ currency pairs, Including Major, Minor and Exotic or trade a multitude of Commodities, Metals Indices, Shares and Futures.
For new users looking to trade for the first time, or for more experienced ones hoping to sharpen their skills, IronFX has a well-resourced and feature-rich education section. While Metatrader 4 and 5 are a bit outdated with some clunkiness, they provide reliability and vast functionality that frequent traders need. We publish unbiased product reviews; our opinions are our own and are not influenced by payment we receive from our advertising partners. Learn more about how we review products and read our advertiser disclosure for how we make money. The IronFX Personal Multi Account Manager platform will allow users to manage several forex accounts with ease.
I think they symbolize the high ironfx review of services provided by the company. Of course, this broker’s trading conditions and platform are at a high level. But I was impressed by the awards this broker has received for its activities. I initially chose a Premium account because I found it the most suitable for my needs. I didn’t even try their web platform because I know there’s nothing more functional and well-thought than Metatrader 4.
Here, we focused on how long the broker has been in business, the size of the company, and how transparent they are in terms of information being readily available. Each regulator has its requirements for brokers, which may differ materially. Traders must understand these differences to evaluate whether the broker suits their needs. Licensed and regulated by top-tier regulatory bodies across the world including the FCA , FSB , and ASIC . Since there have been numerous complaints and several regulatory warnings, your funds’ safety depends on the entity you trade with.
IronFX EU Reviews
The number of available indices is also high and includes spot indices and index futures. Trailing stop order, which is used to set a stop order that will move in case open position trends in the right direction. This order is used to protect a trader’s profits if the market direction reverses. Please note that there are no Elliott Waves, an essential indicator for many pro-level traders. In our tests for the Trust category, we also cover factors relating to stability and transparency.
For the offshore entity, payment methods are not specifically listed. However, according to reviews, we can conclude that the company mainly takes crypto payments, which is the least safe option. According to the IronFX Account Types section, the spread varies from 0.0 to 1.8 pips, depending on whether you choose fixed or floating. Cryptocurrencies are not on offer, which is quite odd for a company trying to compete for customers. IronFX login is enabled through MT4 mobile apps for Android and iOS.
Can’t see your question? Ask to get answers from the IronFX staff and other customers.
All entities hold their https://forexhero.info/’s funds separately from the company’s funds and offer negative balance protection. Clients of Notesco Financial Services Ltd and Notesco UK Limited are also protected by the compensation schemes offered by regulators. When choosing a broker, trustworthiness is one of the most important things to keep in mind.
However, your respective banks or payment providers might charge you additional fees. You can receive your initial deposit via the payment method initially used and then all excess funds will be sent to your bank account. Most notably, the broker offers its own version of the popular, straightforward and sophisticated MT4 platform. In addition to its desktop platform, MT4 has mobile and web-based versions. IronFX also offers a free research mobile app shown in the screenshot below. You can trade forex in lot sizes as small as 0.01, and the broker supports MetaTrader 4 , which is the most popular platform among retail forex traders.
I always recommend traders to check for regulation and verify it with the regulator by checking the provided license with their database. While regulation gives to brokers much needed credibility, it still does not mean every regulated broker is honest. In order to be sure that IronFx is not a scam, read our trader reviews and check other popular trading related websites and forums.
They recently added cryptocurrency coverage to a broad selection of forex, spot, and CFD trading products. Earlier in 2018, IronFX announced a partnership with EmurgoHK to open a cryptocurrency exchange, but the launch date hasn’t been announced. The broker also warns on its website that spreads during overnight trading might be wider. Also offers zero-commission trading for UK residents with fairly competitive dealing spreads that can either be fixed or variable, depending on the account type you select. The broker also has a commission-based zero spread account type. When it comes to forex trading, IronFX offers access to an impressive range of 120 currency pairs.
With a robust IT framework behind them, IronFX provides Forex CFDs with flexible leverage and competitive spreads in a trading package that is stable and easy to use. Spot indices can be traded with no commissions and low spreads. This allows you to trade indices on various markets across the globe with deep market liquidity and easy to use trading platforms. IronFX are renowned for their high-quality trading execution which they consistently look to improve by investing in technology advancements. The trading process is automated which keeps manual intervention to a minimum and thus helps to maximise efficiency and effectiveness.
For those of you looking for a more professional-grade trading experience, there is a variety of account options on offer, including a portfolio management program. Metatrader 4 and 5 for Android, iOS, and Windows Mobile provide easy integration with desktop and tablet versions. They also offer the free IronFX Research app, which has no trading functions. Metatrader 5 adds important features lacking in the older version but retains frustrating aspects of this industry-standard software, including weak customization and limited conditional orders. The lack of two-factor authentication in both Metatrader versions adds a security hole that needs to be fixed.
- We offer a range of account types to suit different trading styles and preferences, including accounts with tight spreads and low commissions.
- It’s a good idea to use the demo account for practicing and learning the trading platform, but do not spend too much time on the demo.
- Thank you for choosing IronFX as your go-to online CFD broker.
- The website Trader’s Dashboard shows the positioning of other clients, updated hourly, but account holders will need to use Metatrader’s limited social functionality to take advantage of the information.
We have over 20 years of experience when it comes to trading online so we know what to look for. There may be fees charged when using certain payment methods but I generally found them to be negligible. Of course, if you are moving large amounts then you might notice more of a difference. Just make sure you check beforehand any costs you will incur. Trading accounts can be opened in a generous range of currencies which are USD, EUR, GBP, AUD, JPY, BTC, PLN and CZK.
In addition to a helpful FAQ and some educational material, the website offers the latest market news and in-house expert analysis, as does its free mobile research app. The main usability issue is with the lack of communication between IronFX’s CFD and cryptocurrency trading platforms. IronFX’s support for the Sirix Social WebTrader platform lets you access financial markets and recent trades. You can also access a network of other traders so you can review their past performance and copy their trades in your own account if you wish. The Sirix Social WebTrader software comes in a web version for desktops, as well as mobile apps for smartphones and tablets.
IronFX offers its traders MT4 Mobile trading optionsfor both iOS and Android. With smartphones, forex traders no longer need to be tied up to their desks, spending hours watching their trading screens. Instead, they can monitor the markets through their mobiles whenever they are. Mobile trading with MT4 allows you to have complete control over a trading account and trade from anywhere 24/5. Broker also allows you to use third party trading robots and automate your own trading plan, which you can implement using MT4. Additionally, they can access expert insights through the VIP Room, read market trends reports written by our experts, as well as attend educational seminars.
Have you ever heard of the opportunity to get extra money here shortly after you make a deposit? Yeah, I am talking about 100% sharing bonus proposed here. I usually make spontaneous decisions and rarely make mistakes cuz I trust my gut feeling.