IronFX Review Is it a Scam or Legit Forex Broker ️

At least I shut down the ironfx Australian office like I told them that I would do. Quick funding, fast withdrawals and awesome trading conditions are just some of the features that make IronFX one of the best forex brokers in the industry. With respect to customer service, limefx courses scam the broker provides decent contact options and support in 45 languages, which could be a plus. The trading competition might also be an incentive to open an account, and the broker’s support for the popular MT4 platforms seems to be the best feature of this broker.

  • IronFX lacks transparency in describing its products and services, making frequent contact with customer service necessary.
  • IronFX allows you to invest in various market segments across the globe, with tight spreads and low margin requirements.
  • This order is used when the trader wants to establish a position at a certain level and is not willing to pay current market prices.
  • The STP/ECN Zero Spread Account offers spreads as low as 0 pips on the EUR/USD, and a commission is charged per lot traded.
  • Our IronFX review also noticed how much work went into providing all the different contact methods.

The quality of their services and bonuses are truly worth checking for anyone who is looking for a new broker. IronFX offers a wide range of CFDs trading on Shares, Futures, Spot Indices, Metals, Commodities and Cryptocurrencies. Furthermore, IronFX serves clients in 30+ languages from more than 180 countries globally. 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.

What is your feeling about ironfx.com?

To access this feature, you must apply for a bank withdrawal from your client portal. Keep in mind that the bonus you received when you opened your account is removed when you make a withdrawal. We value transparency and openness in the way we review the partners. To bring transparency to the forefront, we have published our review process that includes a detailed breakdown of the IronFX offering.

Different traders operate differently, you can’t just have one outdated WebTrader and expect traders to utilise it. IronFX also offers a free VPS to clients who deposits or maintain a 5000$ balance for the following months. VPS is mostly used by traders using Expert Advisors , giving them the opportunity in trading robots and work more efficiently. Traders may use the desktop client, webtrader, or mobile version, the basic package with an acquired license. The upgrade to the trading platform represents the most valuable asset at IronFX. MT4 offer flexible deposits, and traders should select an amount similar to what they plan for their live trading account.

  • On the search for a trading platform that gives you both variety and flexibility?
  • Well, IronFX have you covered, because they make everything as hassle-free as you’d wish it to be.
  • The FPA recommends against depositing money with this broker.
  • Earlier in 2018, IronFX announced a partnership with EmurgoHK to open a cryptocurrency exchange, but the launch date hasn’t been announced.

They’ve got a great selection of trading platforms that enhance your trading experience uniquely. We’ve mentioned before that IronFX are generous in that they don’t offer fees, but you’ll have to put aside a bit of money if you want to trade forex. First off, you’ll need $100 to set up your standard trading account. IronFX is a colourful, enjoyable trading platform that simplifies trading, and makes it easier for the trader to do business. Rather than cater to one kind of trader, our IronFX review found that this platform caters to all traders. ✅ Regulated – ASiC, CySEC, FCA, FSP, MiFID ✅ Company – Notesco Financial Services Limited.

unable withdraw my fund back.

The IronFX School has absolutely everything under the sun, and that’s why we feel the need to point it out in our IronFX review. Its attention to detail and educational ability is fantastic, and we believe there are very few places you can learn how to trade than at the IronFX School. They also have deposit insurance, ensuring that you state your name and provide legal documents, as well as direct deposit funds through a registered source to ensure it’s a legitimate deposit. You may want to boost your current trade with a commodity, by adding another $100.

IronFX rewards new and existing clients with a range of promotions. IronFX accepts a range of different payment methods including Skrill, Neteller, SafeCharge, Dotpay, NetBanx Asia, Visa and Mastercard, and ChinaUnion. Fees apply for some of the methods, and there are also minimum and maximum amounts that apply. All information on 55brokers.com is only published for general information purposes. We do not present any LimeFX advice or guarantees for the accuracy and reliability of the information. IronFX is licensed and regulated by the Authority for the Financial Markets.

FXScouts has been the UK’s most trusted Forex broker review site since 2019. Our team has written 100+ broker reviews and we constantly test to maintain accuracy. If you are signing up with IronFxplease do so at your own risk and use due diligence. There are plenty of brokers offering much better conditions, with flawless reputations – just have a look at LimeFXor Blueberry Marketsfor example. IronFX received a low score in our rating due to a lack of trading ideas, written analysis & opinion, and third-party tools.

IronFX offers the Trading Central MT4 plugin, allowing traders access to tradeable ideas from within the trading platform. The MT4 trading platform, the most popular among traders and leader in algorithmic trading, is offered together with an upgraded package labeled MT4 Advanced. IronFX offers its traders MT4 Mobile trading optionsfor both iOS and Android.

The spreads can widen considerably in fast or highly volatile markets. For the purposes of this review, we found the customer support responsive but uninformed. They were unable to answer many of our questions and seemed generally confused. IronFX’s educational materials are limited compared to other large international brokers. IronFX’s trading tools are limited compared to what’s available at other brokers.

  • One of the most ignored trading costs is swap rates on leveraged overnight positions.
  • Different traders operate differently, you can’t just have one outdated WebTrader and expect traders to utilise it.
  • But, one thing we noticed in our IronFX review is how colourful the entire website is.

Most of these offers are focused on forex trading, but it’s a perfect entry for new traders – that’s the instrument that could get you the best profits on a short term basis. IronFX is a trading platform that knows their market, and they excel at providing a great experience for limefx official site new customers, and new traders in general. The signup bonus offer they provide is a fantastic one, one that newer traders will certainly appreciate. A free demo account can be created by entering the official website of IronFX and click on the red button ‘’Open Demo account’’.

Company

If additional suspicious reviews are discovered on this profile, we’ll remove those too. ForexPeaceArmy.com has advertising and affiliate relationships with some of the companies mentioned on this site and may be compensated if readers follow links and sign up. We are committed to the fair handling of reviews and posts regardless of such relations. The FPA recommends against doing business with IronFx or any related company. A history of fake positive reviews submitted from inside IronFx’s offices.

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. You will be pleased to learn that I complained to ASIC about the scam operating as ironfx.com.au in Australia.

A trader has the ability to choose between 4 different accounts with maximum virtual money of 100,000$. Demo accounts allows traders to use their trading strategies prior depositing and trade with real money. IronFX offers to clients the ability to trade in more than 130 currency pairs, oil and energy products, spot metals, agricultural commodities and a wide range of CFDs on indices, as well as stocks. IronFX has recently announced the launch of Cryptocurrency trading including Bitcoin, Etherium, Litecoin and Ripple. IronFX maintains a blog where traders get occasional trading signals and market commentary in a well-presented format. The bulk of its research capacities comes from third-party provider Trading Central, which I find an acceptable solution.

IronFX scam

There is no inactivity fee, so your account will not be charged if you are not trading for several months after making your previous trade. IronFX also offers negative balance protection in all entities. Negative balance protection means that clients cannot lose more money than they have in their accounts. Despite the fact that IronFX received a below-average score in the Education category, beginner traders would benefit from the educational webinars available in multiple languages.

Brokers By Platforms

In order to achieve your trading goals, you need to choose the right account. We evaluate each broker’s account types, how easy it is to open an account with them, and the steps involved, so you can decide if it is worth your time to open an account. Traders tend to underestimate customer support, but it might be a crucial feature in moments of crisis. In our rating, we check the contact methods available, how accessible a live agent is and how helpful the responses are. This information will allow you to know if a broker can provide full support when you need it. The number of available forex pairs is high, so traders interested in this segment should take a closer look at what IronFX has to offer.

In addition, tiers apply only to forex, with all account types paying similar spreads and/or commissions when trading CFD or spot instruments. Several pages not properly linked to the main site announce the availability of cryptocurrency trading but our reviewer found no contract, spread, or fee information. Client funds are segregated from company funds, reducing the potential for misuse.

IronFX scam

The broker also has an unregulated entity based in Bermuda, which led to a below-average score in our rating. When trading forex and CFDs, it is crucial to know a broker’s strengths and weaknesses. That is why FX Empire developed its proprietary rating system.

This will always be my first choice for investing because there are so many benefits to working with them. Clients can trade with currency pairs, shares, indicies, commodities, and cryptocurrencies. This broker is offering a wide range of all the assets available, over 200. The withdrawal can be done only to the client’s bank account via wire transfer. Another thing we found is that this broker has another clone company in Cyprus, FXLift, registered under the same company Notesco Ltd.

It is also worth mentioning that Forex trading is actually prohibited in India. The broker is not regulated by any regulatory body in India, that’s why money safety may be the issue here. Personally, I was not very impressed by trading with IronFX. Yes, the brokerage has very profitable and interesting trading conditions, but there is still a lot to work on. Therefore, even if you don’t have the platform installed on your PC, you can access it from the MT4 web trader. Moreover, the web trader has most of the functions that are present in the MT4 software.

We scanned ironfx.com for several indicators and we think the website may be a scam. Account manager was very helpful and helped sort out a small issue I had. Reliability is up there with the best I have experienced in my trading career. However, if you want to deposit this broker, you https://limefx.biz/ should observe their activity and start with a smaller deposit. The broker is regulated by The Autorité des marchés financiers . Complies with international regulatory standards, and different entities in the group are authorized and regulated by the FCA , ASIC , FSCA , and CySEC .

We suggest you read IronFX’s risk disclosure, customer agreement, and terms of business before you start trading. Next traders are will have to wait for the IronFX personnel to confirm the account. Overall, IronFX’s non-trading fees are high when compared to other brokers. When making this calculation, we use one lot of EUR/USD as a benchmark as it is the most commonly traded currency pair and it usually has the tightest spread.

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