Opinions and information about the IronFX forex broker
IronFX (IronFX Financial Services Ltd) is a not so old forex company (at least if we compare it with the first brokers) since its history in trading began not many years ago, in 2010, when it opened its first offices in Cyprus, which are its headquarters. Their entry into the forex market was very aggressive, since they used advertising campaigns with these characteristics (aggressive), very provocative and with good promotions and offers, and they have had a lot of growth in a relatively short period of time.
IronFX has a staggering number of up to 15 different platforms to trade up to 200 instruments in forex, metals, stocks and futures. And this is one of the strengths of this broker, which offers many different options for trading and investing. About 10 different account types and up to 15 different platforms supported.
If we look at the types of account that the broker offers, we find 3 types of standard accounts. The Micro account, with an initial deposit of at least $ 500, and has 10 currencies available to operate. There is also the possibility to trade micro lots, and there is flexible leverage ranging from 1: 1 to 1: 1500. In order to have a Premium account, a minimum deposit of $ 2.500 must be made. The biggest difference of this type of account is the lower spreads to trade. Then there is the VIP account type, which requires a minimum deposit of $ 20.000. The biggest difference between this type of account and the rest is that one has even lower spreads, and that the account can only be opened with US dollars.
They were pioneers in introducing micro STP / ECN trading, which allows trading with 0.01 lots and is available for accounts up to $ 50.000.
Some of the features, resources and extra help that we can find on the broker's website are the real-time economic calendar, economic news, various informative E-books and above all numerous webinars, seminars, and informative and educational videos.
A positive fact about this broker is that it is regulated by numerous renowned entities such as: the CNMV in Spain (not many brokers have it), and the FSCA in the United Kingdom, as well as entities from other countries such as Germany, Italy, Russia, New Zealand and more.
Another fact in favor of this broker is that in addition to the fact that it is possible to open a demo account, the demo account can be used for an unlimited time, which gives us a lot of time to familiarize ourselves with the interface and the platform in general.
IronFX broker features
Additional information about the company
Phone number: +357 25027000
E-mail: [email protected]
Clarification: Note that IronFX works in different countries, so the information provided may not apply to your country.
* Bonuses or promotions: 1) $ 35 free no deposit bonus 2) 100% shared bonus up to a maximum of $ 10.000, 40% bonus with up to a maximum of $ 4.000.
With the information we have so far, the comments and reviews of users and traders, our opinion is that IronFX is a broker with which you have to be cautious.
Actualización - in December 2016, a 176 million “financial hole” was discovered in IronFX after an audit by a Cyprus regulator (CySEC), so our opinion is even more negative, we recommend not investing with this broker.
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