Contents:
At IronFX, we continuously strive to improve our services and platforms to meet the evolving needs of our clients. We appreciate your kind words and we are pleased that our efforts have been recognized. I’m at the hospital with my daughter at that time, she’s got a lung and throat problem so I didn’t respond right ironfx review away. After about 2 hours, I wrote back to that I did nothing wrong, why suspended my account and withdraw my profit. I just need money to take my daughter to the hospital for fear that her illness will get worse and need a lot of money for treatment… Besides, I also provide photo information to prove my words.
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. IronFX is a CFD and FX third party broker with no authorization to manage retirement accounts. Take note that deposits can take up to 24 hours to be processed depending on the payment method you choose and up to 3 working days if you decide to fund your account via bank wire transfer. As IronFX is a heavily regulated broker, you will then need to upload documents that verify your identity.
In fact the broker certainly bets on convenience as not all similar companies care about traders this way. Hello Renuga, Yes, our trading software has a mobile version available for both iOS and Android devices. You can easily download the app from the App Store or Google Play and enjoy the same features and tools as on the desktop version of our platform. This allows you to stay connected to the markets and manage your trades on the go, giving you more flexibility and convenience in your trading. Since 2010 we provide our valuable customers with best-in-class platforms and tools, professional-grade execution, and industry-leading customer service. After looking for weeks at all of the different brokers, I finally settled with this one.
Supported Countries and Regions
In case of a fast breakout, the limit order may be used as an “upgraded” market order when the limit price is placed above the current market price. The swap fees for EUR/USD are medium, while the swap fees for GBP/JPY are low. Please note that there is a major difference between swap long and swap short rates in the instruments we measured. This factor should be taken into account when trading, as swap fees impact your performance. We tested the spread on the IronFX standard account during the London open at 8am UK time and just after the US open at 2.45pm UK time. 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.
In addition to an online chat feature, IronFX gives clients access to 24/5 client support in 45 different languages. 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. The lack of two-factor authentication in both Metatrader versions adds a security hole that needs to be fixed.
Traders who are mostly interested in stocks may take a look at other options available at the marketplace. IronFX received a below-average score in the Fees category due to high spreads for Oil, Dax, and Dow Jones. In our tests for the Trust category, we also cover factors relating to stability and transparency. 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.
IronFX Overall Ranking is 2 out of 10 based on our testingand compared to 500 other brokers, see Our Ranking below compared to other popular and industry Leading Brokers. Note that the content on this site should not be considered investment advice. IronFX accepts clients from most countries around the world, except the United States, Iran, Cuba, Sudan, Syria, and North Korea. Below we have listed the maximum leverage ratio offered by IronFX for each asset class. Since there have been numerous complaints and several regulatory warnings, your funds’ safety depends on the entity you trade with.
IronFX Research and Education Summary
To see a platform that has a wide range of trading instruments, check out our WeBull review. You can choose from two different floating and two different fixed accounts, all of which offer different spread schedules and different structures of fees. You have your standard Live Fixed Spread and a Live Floating Spread.
- IronFX also charges overnight swap rates for positions held overnight, which can be positive or negative depending on the trading instrument and market conditions.
- While the app is helpful in certain circumstances, it cannot beat the speed of work that could be achieved using the desktop platform, which is the primary solution for active trading.
- As an authorized and regulated brokerage, we adhere to strict policies and procedures to ensure the safety and security of our client’s funds.
Neither payment method attracts any deposit fees though you may have to pay a fee to your bank or payment provider. Minimum deposits start at $100, and accounts at IronFX can be opened in USD, EUR, GBP, AUD, JPY, CHF, PLN, RUB and HUF. Any Deposit in a different currency than the above will be converted into the base currency of your trading account. This website includes information about cryptocurrencies, contracts for difference and other financial instruments, and about brokers, exchanges and other entities trading in such instruments.
What funding options does IronFX offer?
Overall, IronFX can be summarised as a trustworthy and regulated broker that is very competitive in terms of its trading fees. IronFX is authorized and regulated by the Financial Sector Conduct Authority. To read more about Scam Brokers and their Reviews, Visit Scam Brokers 2023Page to avoid Cryptocurrency trading scams, Forex trading scams, or other online scams. It is one of the few legit recovery assistance organizations which are actually concerned with a victim’s recovery from losses.
I think they symbolize the high quality of services provided by the company. It can hardly be labeled as ideale, but given that ideal brokers don’t exist, it’s not a big downside. I don’t need to worry when it comes to withdrawing earnings. This broker has excellent staff and speedy funding, my favorite being that bitcoin withdrawals are processed in less than five minutes no matter how much money you withdraw. I’m impressed by how much they can lower the spreads and swaps even for a 50k investment. In ironfx.co.uk there’s some educational material on how to trade and some strategies.
Tradinginstruments
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. Thank you for taking the time to share your experience with IronFX. We are sorry to hear that you had a negative experience and we would like to investigate your case further to see what happened. However, we would like to point out that our services are not available to residents of the United States, as we do not operate in that jurisdiction.
This was after IronFx tried to claim that the CySEC investigation was to investigate cheating clients. Later, the Cyprus Consumer Protection office decided against IronFx regarding allegations of contractual unfairness. By using «zero spread» account, you’ve already been charged about $20-30 per lot, unfortunately, you’ll be «charged» another $10-20 because of the strange price. According to my trading history, about 90% of the time, you’ll encounter this problem. Every time support was contacted, one different reason was given to justify the » delay «. I’ve send the documents asked to get my account verified but made a big mistake of depositing 1K € before getting my account verified.
IronFX Review: Scam or Legit? – BusinessMole
IronFX Review: Scam or Legit?.
Posted: Fri, 29 Apr 2022 07:00:00 GMT [source]
As a result, the mother can take better care of the baby’s throat. As I said in my email to the support center, I am in dire need of money to pay for next month’s hospital bills, and my daughter is hospitalized again for throat surgery. Then I wrote the email to «» the one that is the last one which solve problem with client . Recently started trading here and still have no intention to replace this broker with another one. I want to write that this broker appeared to be trustworthy in my eyes. I suppose that these awards have a positive effect on the reputation of the broker.
The free IronFX Research app allows clients to look at stock market data, financial viewpoints, and videos in an easy-to-use format. However, stale and outdated information undermines the app’s enormous potential, with the most recent https://forexarena.net/ entries going back several years in some cases. The «Live Economic News» showed up to date reports, but «Live Currency Quotes» produced a dead link. The «Intraday Comment» section had a single 18-month old entry about the Eurozone.
How do I know I can trust these reviews about IronFX?
IronFX is a trading platform that knows their market, and they excel at providing a great experience for new customers, and new traders in general. The signup bonus offer they provide is a fantastic one, one that newer traders will certainly appreciate. We continuously invest in product innovation and company personnel to meet the needs of our clients by delivering bespoke quality and unrivaled level of high-quality services. IronFX offers a great fit for traders at low to medium skill levels, with flexible account types that suit many investment and trading styles.
Advanced traders will have plenty of account options to choose from. The number of available forex pairs, indices, and commodities is high, which is also suitable for advanced traders. MT4 is undoubtedly one of the most popular online trading platforms, with millions of traders of all skill levels using it throughout the world. It is incredibly user-friendly, offering a plethora of trading tools for effective market analysis and transactions.