The overseas FX broker IronFX has been operating since 2010. What is its reputation in terms of safety, advantages, disadvantages, etc.? Is it recommended? We will explain in this article. With over 10 years of operating experience, there is no need to worry about fraud. IronFX is a broker that handles not only foreign exchange, but also commodities, spot metals, and binary options, so it has a large number of users.
What is IronFX? What kind of company is it?
IronFX is a global FX broker established in 2010. As service information is provided worldwide, there are many registered users in Europe, Asia, the Middle East, Africa, and Latin America, and awareness is increasing. IronFX is recognized as a fast-growing FX broker, and in 2012 it won the Best Trading Platform 2012 award. There are not many negative reviews. Currently, it has multiple licenses from the Financial Services Agency, so it has great benefits and no margin calls. Once you open an account, deposits and withdrawals are smooth and the fees are low. You can also trade via the app.
| Broker | IronFX |
| Established | 2010 |
| Headquarter | Cypros |
| Service Area | Europe Asia Africa Oceania North America South America |
| License | CySEC FCA ASIC |
| Address | 2, Iapetou Str., Agios Athanasios, 4101 Limassol, Cyprus |
| Tel | +44(0) 203 282 7777 |
| Owner | Markos A. Kashiouris Peter G. Economides |
| Company Name | Notesco Limited |
| URL | Home |
have a license
IronFX is operated by four companies, and the operating companies differ depending on the region. However, you can rest assured that we are licensed and regulated by the UK, the Cyprus Securities and Exchange Commission, the Australian Securities and Investments Commission, and the South African Financial Sector Conduct Authority. Asset management is segregated, so there is no disadvantage or worry about customer funds being used for operating funds. There are only good points, so there is no problem with reliability. We also have solid support from the official website.
| Company | License | Country |
| Notesco Financial Services Limited | CySEC | Cypros |
| Notesco UK Limited. | FCA | United Kingdom |
| Notesco Limited | – | Bermuda |
| Notesco Pty Limited. | – | Australia |
What are the features, advantages and disadvantages of IronFX?
IronFX has the following features. Compared to its competitors bigboss, XM, axiory, titanfx, iforex, exness, threetrader, gemforex, and traderstrust, it has been in operation for a long time, so it is trustworthy. Overall, it is a major company with operations in dozens of countries around the world, so it is very safe. There are many high-spec account types available, many stocks, and of course low fees, so there are many satisfied new users. It is ranked more popular than other similar companies, and is a broker for beginners. There are more accounts to choose from than in Japan, and there are also VIP and premium accounts, so make sure to make full use of the three types of accounts.
6 account types
IronFX has 6 account types. There are three types each for Live account and STP/ECN. A live account is equivalent to a standard account, so it is recommended if you are unsure which account to choose. The STP/ECN account is an account type for professionals, and is characterized by very narrow spreads and very high execution power. We have a wide range of financial products in the industry, including currency pairs, precious metals, energy, stocks, stock indexes, and virtual currencies. Users can trade on weekday business days from Monday to Friday.
| Live Fluctuation | Live Fixed | Live Zero | STP/ECN no comission | STP/ECN Zero | STP/ECN Absolute Zero | |
| Trade Style | DD | DD | DD | STP/ECN | STP/ECN | STP/ECN |
| Max Leverage | 1,000 | 1,000 | 500 | 500 | 500 | 500 |
| Trade Instrument | Forex Metal Energy Commodity Indice | Forex Metal Energy Commodity Indice Crypto | Forex Metal Energy Indice | Forex Metal Energy Indice Crypto | Forex Metal Energy Indice Crypto | Forex Metal Energy Indice Crypto |
| Commission | Free | Free | 6.75$ | Free | 6.75$ | Free |
| Spread | 0.8pips～ | 2.2pips～ | 0.0pips～ | 1.7pips～ | 0.0pips～ | 0.3pips～ |
| Lots | 100,000 currency | 100,000 currency | 100,000 currency | 100,000 currency | 100,000 currency | 100,000 currency |
| Minimum trading quantity | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Maximum trading quantity | No limits | No limits | No limits | 60 | 60 | 60 |
| Max Position | No limits | No limits | No limits | No limits | No limits | No limits |
| Stop Level | 3.5pips | 3.5pips | 5.0pips | 2.5pips | 2.5pips | 2.5pips |
| Scalping | 〇 | 〇 | 〇 | 〇 | 〇 | 〇 |
| Auto Trade | 〇 | 〇 | 〇 | 〇 | 〇 | 〇 |
| Hedge | 〇 | 〇 | 〇 | 〇 | 〇 | 〇 |
| Margin Call | 40％ | 40％ | 40％ | 100％ | 100％ | 100％ |
| Loss Cut | 20％ | 20％ | 20％ | 50％ | 50％ | 50％ |
| Zero Cut | 〇 | 〇 | 〇 | 〇 | 〇 | 〇 |
| Trade Tool | MT4 | MT4 | MT4 | MT4 | MT4 | MT4 |
| Base Currency | JPY USD EUR GBP AUD CHF CZK PLN IRONX BTC ETH ADA PMA | JPY USD EUR GBP IRONX BTC ADA | USD EUR | JPY USD EUR BTC | JPY USD EUR IRONX | JPY USD EUR |
| Min Deposit | 100$ | 100$ | 500$ | 500$ | 500$ | 500$ |
| Campaign | 〇 | 〇 | × | × | × | × |
Full of campaigns
IronFX has a lot of campaigns. The following bonuses are basically held all the time. The sharing bonus is a 100% deposit bonus and has no upper limit, while the power bonus and iron bonus each have an upper limit. The bonus can be used as sufficient margin with a cushion function. However, swap points will be generated if you trade across days. Please note that the bonus will disappear if left unattended. If you are unsure, use your chosen bonus right away.
| Bonus Name | Details | Limits |
| Shareing Bonus | 100% Deposit Bonus | No limits |
| Power Bonus | 40% Deposit Bonus | 4,000＄ |
| Iron Bonus | 20% Deposit Bonus | 2,000＄ |
Up to 1,000x leverage
IronFX’s maximum leverage is 1000x, so you can trade with small amounts. With high leverage, you can make big profits even with a small amount of money, so this broker is highly recommended for people who don’t have much money to spend. It is fixed at 500x depending on the account type. There are risks as there may be restrictions on product types and economic indicators. When losses are large, compulsory stop-loss cuts occur at 20% and 50%.
support service
IronFX also has a support center. The support center is primarily available via email or chat. It is available online and is available in various languages, so it can be used by people from most countries. We guarantee support by using English, Japanese, French, etc. depending on the situation.
Not compatible with MT5
IronFX does not support MT5, so you need to trade with MT4. However, there is not a huge difference in spec performance between MT4 and MT5, so it can be said that there is no benefit. You can use both so you can rest assured. Be careful about trading prohibited items such as arbitrage. Scalping, automated trading tools (EA), and double-denominated trading are also possible. If you have the knowledge, use it at the appropriate market price.
zero cut
IronFX uses a zero-cut system. Zero-cut means that if your trading account balance goes negative, the FX broker will shoulder the cost instead of the trader. This is a great help compared to brokers in Japan. Even if you hold additional positions, you are guaranteed a basic negative balance no matter what happens, so it’s a great deal. However, you should still think about what to do if you receive a margin call warning. Residents can transfer money and trade without limit, so make use of it.
Unpaid customer funds case
There is a reason why IronFX has a “high credit risk.” In 2014, Global Investment, a Chinese IronFX group company, failed to pay customer funds of approximately 3 billion yen, which led to a major incident in which Chinese traders raided its offices. As a result, it has had problems in the past. Although this is true, this is only true in China, where the situation is strict, and has not happened in other regions. It is always monitored and is safe. The level and standard of security is high.
Trade contests and prizes
IronFX handles and holds trade contests. If you win the latest limited-time trade contest, you can receive prize money and luxurious prizes 24 hours a day. IronFX is recommended for those who plan to become more active in the future. There are many events, so it is easy to start. You can further reinvest a certain amount of profit you have made in the market. Log in and check what is being done on the official page at any time. You can usually participate with real trades from My Page. It is recommended for those who value the prize money because you can receive it.
Prohibitions and violation of rules
There are prohibitions and policies, terms of use, and violation rules for the head office and the entire group. If you engage in certain fraudulent activities, your account may be frozen, and there have been cases. Users fully expect transparent trading. In official markets, be sure to follow important rules and mechanisms. Details are provided in the article below. If you have any questions, please contact the support center.
Withdrawal refused
IronFX has had withdrawal problems in the past. However, it is not certain whether this is true, and most of it is based on word of mouth. Most of the voices, opinions, and reports of withdrawal refusals at IronFX are from review sites, but I also use it, and so far I have never had a withdrawal refusal. When choosing an FX broker, be careful of hoaxes. With narrow spreads and great campaigns, there is a high chance of making a profit. In fact, the application process is always carried out, so it is safe. You can also make inquiries via live chat on the server.
Reputation and reviews
We have collected reviews and comments about IronFX. This is a quote from Tradersunion. Tradersunion is a review site for FX brokers around the world. The main users of IronFX are French. Others are from Italy, India, Iran, Japan, etc., so you can see that there are many users in Asia, mainly in Western Europe. There are many currencies to trade and you can enter a large number of lots, so if you participate at a time when the market is moving well, you can make a lot of money. There is a 24-hour trading environment and the entire group has a long track record, so you can rest assured. There are relatively many users at all times, so you can continue to trade safely.
Source : Tradersunion
So far, there are no negative points with IronFX. I have been trading here for only four months. It seems that there are no problems with trading yet. We’ll see in the future, so far I rate IronFX four stars. Note that I have not withdrawn the profit yet.
Source : Tradersunion
I have been trading with IronFX for three years now. What I like here is optimal spreads and small swaps. Moreover, swaps are often positive, especially for major currency pairs. Therefore, it becomes profitable to trade by keeping the order open for several days. I give IronFX five stars in my rating.
Source : Tradersunion
IronFX is a great platform for all traders. There are a lot of different instruments, such as currencies, futures, stocks, and cryptocurrencies. And trading conditions are very loyal. I like that the risks when working with tick trades are as limited as possible. Moreover, they make withdrawals automatically. IronFX will not let you down.
Source : Tradersunion
IronFX is a reliable and trusted Forex broker offering a wide range of benefits to its clients. IronFX provides users with all the tools they need for successful trades, ranging from competitive spreads and leverage to technical support. I recommend IronFX.
Source : Tradersunion
IronFX provides for making income for any trader. The trading conditions are not very strict, the minimum deposit is small, and there are micro-trades. For more experienced traders, there are accounts with a fee, but spreads there are minimal. IronFX offers a very fast platform. I think that the broker can be recommended for opening an account.
Source : Tradersunion
With IronFX, you can build your own investment strategy. They offer ready-made strategies, both paid and free. However, it is better to try to build a strategy yourself, and IronFX managers will help you with this. I can positively say that IronFX is a worthy broker.
Source : Tradersunion
The IronFX service is very convenient and easy to use. It has all the necessary licenses and requires verification. There are many different strategies and the possibility of learning on a demo account. In addition, there is an application, so it is not necessary to sit at the computer. The withdrawal and withdrawal system of IronFX is also very convenient, with fast crediting to the account. All this makes it possible to successfully enter the Forex market without problems.
Source : Tradersunion
Opening an account is free
It is free to open an account with IronFX. Click the link below to open an account and start trading. You can trade with a minimum of $500 or $100, so even those without funds can participate. STP and ECN order methods are used, so it is highly transparent. There are many target stock markets, which are attractive and settlement is smooth. There are many options for trading methods, as there are various methods available. When opening an account, identification documents are required, and you will need to submit and upload identification (driver’s license, passport, My Number card) and submit personal information (phone number, email, name, address, etc.).
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