Founded in 2010, IronFX is a well-known and established forex broker. They provide various online trading services in almost 180 countries around the world. In this competitive brokerage industry, this broker has made a place for themselves with quality customer services and multiple trading promotions and offers. IronFX offers a variety of trading instruments at their platforms that include forex, shares, indices, futures, commodities, and metals.
How to Open an Account?
Opening a live account with this broker is done in simple three steps and does not take longer than minutes.
You need to fill a form providing your accurate details.
After that you need to provide documents for identity verification.
Lastly, after your identity is verified you can deposit the funds and start trading.
They are a well-regulated and authorized broker with multiple licenses from the world’s top and reputed regulatory authorities. IronFX is authorized by the Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), and Australian Securities & Investment Commission (ASIC) in their respective countries. Based on these regulations, it is safe to consider this broker as a secure and trustworthy broker.
For their security and trustworthiness, we would like to give them 4.6 out of 5 stars.
Expense & Charges
In terms of expenses, this broker seems to lie on the costly side after our research. They have stated all their charges quite clearly on their website. The expenses vary depending on the account type, trading instruments, and in forex the minimum spreads are different for each pair but are still higher than the industry norm on average. Commissions are also charged by this broker along with inactivity fees. This broker might not be a suitable choice for beginners or individuals with less experience as trading with IronFX will cost them a lot.
Recently the news is on fire that they are planning to increase the expenses and charges, while if so, the brokers will be in serious problem.
For their charges and expenses, we would like to give them 3/5 stars.
The trading platform offered by IronFX is the classic MT4 with features like managing orders, positions, and equity online, all order types and execution modes available, monitoring of financial instruments’ prices and forex rates, advanced charting and indicators, online streaming news, and an Explanatory Activity Report. It is available for Windows, macOS, iOS, Android, and WebTrader. This platform is very easy to use and simple that allows everyone to trade.
We are rating their trading platform 4.5 stars out of 5!
For their trading platform, we would like to give them 4.5/5 stars.
For their customer’s skill development and learning, IronFX has done a great job by offering education through IronFX School that includes learning material catering to all levels of learners. Their learning material comprises forex courses, blogs, video content, news updates, a glossary, and an Economic Calendar.
Their learning material was of high quality and standard for which we would give 4/5 stars.
IronFX is known for excellent and efficient customer support that is available 24/5. Customers can contact them via email and live chat. However, they do lack a call option and are not available 24/7, which might cause problems for some investors. On the bright side, they offer support in multiple languages and their live chat option is great.
For their customer support, we would like to rate them 4/5 stars.