Iron Fx Full Review – We Tried It!


3.5

TRADING CONDITIONS

0.5/10

REGULATION

6.0/10

PRODUCTS

7.0/10

DEPOSIT/WITHDRAWAL

4.0/10

REPUTATION

0.0/10

Pros

  • HUGE 1:500 LEVERAGE
  • SMALL MINIMUM DEPOSIT
  • HUGE RANGE OF PAIRS
  • METATRADER4

Cons

  • AWFUL INDUSTRY REPUTATION
  • RATED AS A SCAM ON FOREXPEACEARMY
  • EXPENSIVE CONDITIONS
  • ONE PLATFORM ONLY
  • DEALING DESK BROKER

Are you thinking of trading with Iron Fx? With thousands of forex brokers all competing with each other, it’s really hard to know which broker is a good fit for you as a trader. In this article, we are breaking down all of the important information about Iron Fx, a broker that has been in a lot of controversy over the last 5 years and since its inception in 2010. Are they a trustworthy broker? Let’s find out…

IronFX Company Information

Year Founded2010
HeadquarteredCyprus
RegulationFCA, CySec, ASIC, FSCA
Office LocationsUnited Kingdom, Australia, Spain, Cyprus, South Africa

IronFx Account Information

Minimum Deposit$100
Account CurrenciesUSD, EUR, GBP, CHF, JPY, AUD, HUF
Islamic AccountsYes
USA TradersNot Allowed
Mobile TradingYes
Web Trading AppYes
Deposit MethodsWire Transfer, Skrill, Credit/Debit Cards, Neteller, UnionPay, WebMoney, FasaPay
Withdrawal MethodsWire Transfer, Skrill, Credit/Debit Cards, Neteller, UnionPay, WebMoney, FasaPay
PAMM AccountsYes
ECN AccountsYes
Commission$13.5 Per Round Turn On Standard Account
Micro AccountsYes
Professional Accounts$20,000 Minimum Deposits

IronFX Trading Information

Maximum Leverage1:500
Minimum Lot Size0.01
STP Or Dealing DeskDealing Desk
Scalping AllowedYes
Hedging AllowedYes
ExecutionInstant & Market
Negative Balance ProtectionYes

Industry Reviews Of IronFx

General ConsensusNot Trustworthy
ForexPeaceArmy ScoreOpens in a new tab.SCAM
TrustPilot ScoreOpens in a new tab.3.1/5

Platform Details

Trading PlatformsMetaTrader4
Crypto TradingYes
VPS For TradersYes
Demo AccountYes
Instant One Click TradingYes
Number Of Pairs Offered 85

In short, IronFxOpens in a new tab.

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Kyle Townsend

Kyle Townsend is the founder of Forex Broker Report, an experienced forex trader and an advocate for funding options for retail forex traders.

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