IronFX Broker Review

IRONFX Forex Broker Review
IRONFX Forex Broker Review

1. Quick Overview

Broker NameIronFX
Established2010
HeadquartersLimassol, Cyprus
RegulationCySEC (EU), FCA (UK – previously), FSCA (SA), BVI
Official Websitehttps://www.ironfx.com
Core FocusForex, CFDs, Metals, Indices, Commodities, Crypto
Monthly Visitors~220,000
Top Countries🇮🇳 India, 🇳🇬 Nigeria, 🇵🇭 Philippines, 🇿🇦 South Africa
Traffic SourcesDirect, Search, Referral, Social
Domain Age15+ years
HostingCloudflare, US
IP Address104.18.20.53

2. Trading Conditions


• Spreads: From 0.0 pips (Raw spread account), 1.8 pips (Standard)
• Commission/Fees: $13.5/lot (Zero spread), $0 on Standard
• Leverage: Up to 1:1000 (varies by region)
• Minimum Deposit: $100
• Trading Platforms: MT4 (desktop/web/mobile)
• Order Execution: STP, Market Maker
• Trading Instruments: 300+ including forex pairs, metals, commodities, indices, crypto

3. Account Types


• Standard Account: No commission, higher spreads
• Zero Fixed Spread: Commission-based with fixed spreads
• VIP & Custom Accounts: For high-volume traders
• Islamic Account: Available on request
• Demo Account: Free and unlimited

4. Deposit & Withdrawal


• Payment Methods: Bank wire, Visa/Mastercard, Skrill, Neteller, crypto
• Minimum Deposit: $100
• Withdrawal Time: 1–3 business days
• Fees: May apply depending on method and region

5. Regulation & Security


• Licenses: CySEC (EU), FSCA (SA), BVI
• Client Fund Security: Segregated accounts
• Compensation Scheme: ICF coverage (EU clients only)
• Reputation: Mixed; previously faced regulatory challenges

6. Customer Support


• Support Time: 24/5 via live chat, phone, and email
• Languages: Multilingual – English, Arabic, Hindi, Chinese, more
• Contact: Live chat, email (support@ironfx.com), regional phone numbers

7. Trading Tools & Education


• Tools: VPS hosting, trading calculators, news feeds, signals, Autochartist
• Education: Webinars, video courses, eBooks, glossary, daily market reports

8. Mobile App & Platform Features


• Platforms: MT4 available for iOS, Android, Web, and Desktop
• Features: Charting, indicators, fast execution, account management tools

9. Bonuses & Promotions


• Deposit Bonus: Up to 100% (region-specific)
• Loyalty Program: Active trader points and rewards
• Contests & Promotions: Trading competitions and seasonal offers

10. User Experience & Reviews


• Trustpilot: 3.7/5 – some praise for promotions and MT4 setup, but mixed reviews overall
• ForexPeaceArmy: Negative history but improved in recent years
• Common Complaints: Withdrawal delays, bonus restrictions, account verification issues

11. Web Traffic & Domain Details


• Monthly Traffic: ~220,000
• Top Visitor Countries: 🇮🇳 India, 🇳🇬 Nigeria, 🇵🇭 Philippines, 🇿🇦 South Africa
• Traffic Sources: Direct (38%), Search (35%), Referral (17%), Social (10%)
• Domain Age: Since 2009
• Hosting: Cloudflare (US)
• IP Address: 104.18.20.53

12. Pros & Cons

ProsCons
Flexible account types
High leverage up to 1:1000
Multilingual support
Bonus and promotion offers
Variety of assets and tools
Mixed regulatory past
Withdrawal delays reported
High commission on some accounts
Limited educational tools
Not available in some countries

13. FAQ


Q: What is the minimum deposit for IronFX?
A: $100 for most accounts.

Q: Is IronFX regulated?
A: Yes, by CySEC, FSCA, and other offshore authorities.

Q: Does IronFX offer MT5?
A: No, currently only MT4 is supported.

Q: Are bonuses available?
A: Yes, up to 100% depending on region and account.

Q: Can I use IronFX in Europe?
A: Yes, via CySEC regulation, but bonus offers may not be available.

14. Final Verdict & Rating


IronFX provides competitive leverage, a variety of trading accounts, and solid MT4 infrastructure. However, due to past reputation issues and mixed user feedback, traders should approach with caution. Best for those interested in promotions and flexible trading setups.

Score: 7.6/10

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