IronFX Review
rating-star
2/5

IronFX Review November 2024

✔ Strictly regulated broker
✔ Award-winning trading platforms
Visit site
Risk Warning
Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.

Share
Copied!

Adam is head of content on TradingGuide.co.uk. He has many years of experience in the financial sector and honestly admits that he is in love with his job.

Article was updated: October 15, 2024
Estimated reading time: 3 minutes

IronFX has been operating for 10+ years, and they’re known as one of the largest and most reliable online trading brokerages globally.

Pros
  • Several deposit/withdrawal ways
  • Excellent customer support
  • Easy to navigate platforms
Cons
  • Limited trading tools
  • No cryptocurrency trading

IronFX is a leading forex, commodities, and metals broker, offering trade execution speeds accessible to retail and institutional traders alike. 

IronFX offers forex and CFD trading services with leverage of up to 1:1000. You can trade on the majors that allow you to take advantage of the biggest price movements possible and benefit from the world-class trading conditions provided by IronFX.

We have conducted a detailed study of IronFX brokerage and its trading platforms, the purpose of which was to highlight the pros and cons of using the services of this broker. Our research included testing trading instruments, the operation of trading platforms on different devices, as well as studying feedback from active clients. You can see the results of our work below.

IronFX 1
IronFX 2
IronFX 3
IronFX 4
IronFX 5
IronFX 1
IronFX 2
IronFX 3
IronFX 4
IronFX 5

IronFX – Who are They

IronFX is an online foreign currency exchange broker that was founded in 2010. The company has been a member of the Cyprus Securities and Exchange Commission (CySEC) and is also licensed as a registered investment firm in the United Kingdom, Australia, and South Africa. It has opened its doors to more than 180 countries.

IronFX UK

IronFX has powerful trading tools. The broker offers you to choose among multiple chart and order types, manage orders, positions & equity online, use advanced charting and indicators and more. But the amount of trading tools is poor enough.

The great advantage is the number of assets to choose from. You can trade on 200+ trading instruments from various asset classes with IronFX, including forex, metals, indices, commodities, futures, and shares

TypeFee
Minimum deposit$200
Inactivity fee$50
Deposit fee$0
Withdrawal fee$0
Overnight feeonly for Islamic account

Compare IronFX Features With Other Brokers

Compare with other broker
General Rating
Minimum deposit
Payment & Withdraw options
Fee on Amazon
Fee on GBP/USD
Fee on Bitcoin
Fee on ETFs
Fee on Gold
Software
Licence
Demo account
Money Insurance
Stock Assets
Forex Assets
Commodities Assets
ETFs Assets
IronFX logo
Visit site
Risk Warning
Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
Read Review
2rating-star
$100
Bank wire transfer
1.29 pips
from 0.8 pips
No
No
0.05 pips
MetaTrader 4, IronFX Web Trader App, IronFX Mobile Trading App, WebTrader
FCA
Yes
Yes
100+
84
13
No
etoro logo
Visit site
{etoroCFDrisk}% of retail investor accounts lose money when trading CFDs with this provider.
4.1rating-star
$100
Debit card, Bank transfer, Neteller, Skrill, eToro Money, Online Banking
Yes (as CFD)
150 PIPs
1%
Free
0.0003 USD + (-0.000113) USD
eToro investing platform, Multi-asset platform, Copy Trader
ASIC, CySEC, FCA, FSAS
Yes
Yes (up to $250,000)
3000
52
27
300
Plus500 logo
Visit site
Risk Warning
80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Read Review
4.2rating-star
$100
Bank Wire Transfer, Credit/debit cards, Paypal, Skrill
1.01
0.00018
Not available for UK traders
Free (Additional fees may apply)
0.35
Plus500 Webtrader
FCA, CySEC, ASIC, MAS, FSA
Yes
Yes, up to £85,000
2000+ (CFDs)
60+ (CFDs)
22 (CFDs)
90+ (CFDs)
avatrade logo
Visit site
Risk Warning
77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Read Review
4.5rating-star
$100 (£72)
Credit/debit cards, Wire transfer, Paypal, Skrill, NETELLER, WebMoney
Free
Free
Free
Free
Free
MT4, MT5, WebTrader, Automated Trading, Mac Trading, AvaTradeGO, AvaOptions, Mobile Trading, AvaSocial, DupliTrade, Capitalise.ai
CBI, CySEC, ASIC, BVIFSC, FSA, SAFSCA, ADGM, ISA
Yes
Yes, up to $1.000.000
600+
50+
17
Yes

Compare brokers

London Capital Group (LCG) Review
Gemini Wallet Review 2024
Bitstamp Review 2024
Halifax Review
TradeZero Review 2024
Wealthify Review 2024
BlackBull Markets Review 2024
IQ Option Review 2024
FBS Review 2024
CEX Review 2024
HTX Review 2024
Kraken Review 2024
Crypto.com DeFi Wallet Review 2024
Exodus Wallet Review 2024
eToro Wallet Review
Crypto.com Review 2024
Coinbase Review 2024
Coinbase Wallet Review 2024
TradeStation Review
Robinhood Review 2024
Charles Schwab Review 2024
CPT Markets Review 2024
PhillipCapital UK Review 2024
HYCM Review 2024
FP Markets Review 2024
OANDA Review
Axi Review 2024
IC Markets Review
RoboForex Review 2024
Spreadex Review
FXOpen Review 2024
Admiral Markets Review 2024
IronFX Review
Trade Nation Review
Moneta Markets Review 2024
Interactive Investor Review 2024
Fineco Review 2024
HotForex Review 2024
Vantage FX Review 2024
Infinox Review 2024
FreeTrade Review 2024
AJ Bell Review 2024
BDSwiss Review 2024
XM Review 2024
Fidelity Review 2024
Gemini Review 2024
Trading 212 Review 2024
Barclays Review 2024
XTB Review
Pepperstone Review
Tickmill Review 2024
FxPro Review 2024
FXTM Review 2024
FXCM Review 2024
City Index Review
Hargreaves Lansdown Review 2024
Skilling Review 2024
Saxo Review 2024
eToro Review
AvaTrade Review
Interactive Brokers Review
Forex.com Review 2024
Plus500 Review
CMC Markets Review 2024
IG Markets Review
DeGiro Review 2024
Revolut Review 2024
Close

Our Opinion about IronFX

IronFX can boast a fully customizable, user-friendly interface. The broker has a great clean design and easy-to-use platforms. You can choose among Webtrader, VPS Hosting, PMAM, and (our favorite) MT4 trading platforms. IronFX also offers a mobile trading app for trading on the go. 

Moreover, we appreciate that the broker has a really great choice of educational tools for new traders. It includes useful videos, a glossary with the most needed words, and a lot of eBooks. And the minimum deposit is competitive for the UK’s trading market £100. You can also use the IronFX demo account to improve your trading skills.

The customer support is quick and helpful. IronFX provides 24/5 customer support through email and live chat to all the users and active clients from 180+ countries. Moreover, you can get the answer in more than 30 different languages.

FAQs

Is IronFX legit?

Yes. IronFX is a legitimate broker that has been in operation since 2010 and is regulated by several financial authorities. The broker has also gained numerous excellent reviews and ratings from global users on Google Play, the App Store, and Trustpilot. This proves its legitimacy, and you can trust it with your data and funds.

Is IronFX regulated?

Yes. IronFX is licensed and regulated by multiple global authorities, including the Cyprus Securities and Exchange Commission (CySEC), the Financial Conduct Authority (FCA) in the UK, and the Australian Securities and Investments Commission (ASIC). These regulatory bodies oversee IronFX’s operations to ensure that it adheres to strict financial and operational standards.

Can you withdraw from IronFX?

Absolutely. You can withdraw funds from IronFX by logging into your account and submitting a withdrawal request. IronFX offers several withdrawal methods, including bank transfers, credit/debit cards, and e-wallets. Withdrawal processing time may vary depending on the chosen method and the time of day the request is submitted.

Does IronFX have an app?

Yes. IronFX offers a mobile app you can download for free from the App Store or Google Play. The app allows traders to access their accounts, view real-time market quotes, execute trades, and manage their positions while on the move.

Is IronFX real?

Yes. IronFX is a real broker offering trading services in forex, commodities, shares, and more across over 180 countries globally. It has been in operation since 2010 and is regulated by several financial authorities, thus proving that it is a real CFD broker.

Adam Jarfjord
Adam Jarfjord

is our leading content maker and head of the content department. For Adam, trading is not only a job but also a passion for more than 5 years. He has many years of experience in the financial sector and honestly admits that he is in love with his job.

IronFX Review Details

Payment Methods
Licences
TradingGuides Rating:
✔ Strictly regulated broker
✔ Award-winning trading platforms
Visit site
Risk Warning
Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
3.0 rating-star
Customer Support
4.0 rating-star
Commissions & Fees
4.0 rating-star
Platform & Tools
4.0 rating-star
Research
3.8 Overall Rating

22 Replies to “IronFX Review”

  • Dwight S. says:

    Iron FX is has been notorious for not processing withdrawals... It had serious problems in China! What about the situation in Europe?

  • Mr. Monke says:

    I was astonished when I saw the trading conditions which IronFX offers to the traders and the fact that it works in my country. It was like a breath of fresh air for me. I like the fact that IronFX supports Metatrader4 as, from my perspective, it is one of the best trading platforms which are available to the traders nowadays and there are so many tutorials which can teach you how to use it in the most efficient way.

  • Daniel says:

    I have been trading for 5 years now and have used quite a few brokers but my experience with IronFX is by far the best. The spreads are fair and withdrawals take only 24 hours. Easy to use and safe. Highly recommend it.

  • Salma Suleman says:

    Ironfx is the best trading platform I have seen and used. Their fast rate of execution, funding and withdrawal process is awesome, their services are just one of the best i have seen.

  • Fazakas I says:

    I have 3 years of trading experience with IronFX and I am satisfied. Great platform to use, easy with deposits and withdrawals and everything is simple, customer service is great. The spreads are fair, and a withdrawal takes only 24 hours.

  • Michael says:

    Iron FX is a trusted brokerage, and they have great customer service, which provides support where it is necessary. It is easy to use the platform to trade. I would definitely recommend it.

    • Luck Salla says:

      Sure! I traded with the broker for quite a while and didn’t have a situation when the credibility of the company could be called into question.
      Orders are executed with precision that I need. In addition true STP execution minimizes the risk of unpredictable market behavior of the orders.

  • Max says:

    Have been dealing with IronFX for about 2 years, and while some requests might get slow at times if you ask anything out of the ordinary they get it done in a fair manner. The spreads are fair, and a withdrawal takes only 24 hours. I highly recommend this broker to everyone who wants to make profit in investing.

  • Patrick Egli says:

    I did not know a lot about this broker when I first joined, but the good conditions look like they can compensate for the lack of popularity for me. We'll see.

  • Oscar says:

    I'm very satisfied with the support service IronFX. I have some problems with my account and they helped me quickly and professionally. Withdrawing money from the account is also fast and easy, thank you for such a good service.

  • Achille Leclerc says:

    The free Virtual Private Server (VPS) hosting at IronFX is amazing. For those that do not know what a VPS service is, simply look it up online to get more information. You will be interested.

  • Rayan Gerritsen says:

    I honstly admit I am in love with IronFx. While I would say that their trading condtions are more or less the same as the other brokerage companies offer, their educational centre makes all the difference.
    I don’t cosider myself a newbie, but I am eager to follow all the webinars they provide. A real treasure it is. Once in a week I go back to the books and sharpen my skills and knowledge.

  • Anton Bauer says:

    Their infrastructure is worth its weight in gold, I bet. The website design, the response from the platform and surplus of various functions are awesome for me. There's nothing to pick on, almost.

  • Heinz says:

    Well, judging by the comparison table Ironfx doesn’t concede to other more famous and prominent forex players in the game.
    I guess it’s mostly because the broker is established. Meaning it has been working in the forex market for many years. I don’t know the exact number but I believe it’s been there for almost a decade.

    The next thing that makes it quite unique is the trading academy, VIP rooms and webinars. basically the aspects that help customers to educate themselves and elevate their trading knowledge and skills to another level.

    But I agree that crypto trading is a piece that is missing right now. At the moment it feels a little bit incomplete.

  • Jesse says:

    Would you recommend this provider?

    Fees

    Account opening

    Customer service

    Deposit and withdrawal

    In a nutshell, the platform provides a broad array of assets, spanning from the Western to the Eastern markets. The crucial factor is how effectively the platform manages these assets. After extensive testing, I can attest to its flawless performance, which has left me extremely content. Furthermore, Ironfx extends a complimentary VPS service, subject to meeting specific deposit or trading volume criteria. It's unquestionably a valuable investment.
  • Stella Ross says:

    Would you recommend this provider?

    Fees

    Account opening

    Customer service

    Deposit and withdrawal

    The broker focuses on collaborating with both active traders, irrespective of their trading experience, and investors who prefer earning income through passive investing. I've been with IronFX for approximately two years, and it's not the worst broker in the market. Generally, the withdrawal process takes 3-5 days. The main advantage of IronFX is automated trading, allowing you to put your finances on autopilot and gradually receive income. Importantly, with such trading, there is minimal risk. While trading on your own may yield higher income, it comes with corresponding higher risk.
  • Giovanni Fabbri says:

    Would you recommend this provider?

    Fees

    Account opening

    Customer service

    Deposit and withdrawal

    I heard that there is a copy trading service at IronFX and I would like to try it out. I also learned that the forex market is ideal in terms of volatility and profitability. I should mention that a minimum investment required for a VIP account and the education material has been very useful in achieving my trading goals. There is also a fixed spread account option.
  • Georg K says:

    Would you recommend this provider?

    Fees

    Account opening

    Customer service

    Deposit and withdrawal

    Whn trading in forex, having a good understnding of pairs, offerd by IronFX, has been super criticl in shaping my trading strategies.
  • Garcia Torrico says:

    Would you recommend this provider?

    Fees

    Account opening

    Customer service

    Deposit and withdrawal

    After I finally managed to open trading account with this broker, I realized that I come to the place where I would get everything I needed for professional trading. Im glad that I chose pro broker
  • Vicente says:

    Would you recommend this provider?

    Fees

    Account opening

    Customer service

    Deposit and withdrawal

    IronFx is an excellent choice for beginners, but not only.
    However, if you are at the beginning of your trading journey it would be a good decision for you to choose this platform. Let me tell you why.
    The trading academy is one of a kind. All learning methods are available, from ebooks, courses, videos, and webinars. And the quality is good. I liked how the resources are structured. They can take you literally from zero to hero at your own pace.
    But the academy is worthy even for pro traders, especially the webinars. I follow their webinars, and whenever there is an exciting topic for me, I attend it.
    In general, I like the trading terms. They depend on the account type you choose, but the options for account types are many so I am sure there is one for each trading style and strategy.
  • Praboo Navaratnam says:

    Would you recommend this provider?

    Yes

    Fees

    Account opening

    Customer service

    Deposit and withdrawal

    I want to say some words about the trading conditions of IronFX broker. There're pretty tight spreads on the forex market, even I as a total noob could notice that. I’m satisfied with the conditions!
  • Manuel Cabrera says:

    Would you recommend this provider?

    Yes

    Fees

    Account opening

    Customer service

    Deposit and withdrawal

    The range of payment options is vast, I opted for crypto ofc and funds were credited within several seconds. Or maybe minutes:) so... no delays whatsoever and it's important for me, thank you!

Leave a Reply

Your email address will not be published. Required fields are marked *

/

Plus500 Review

25,000 hours of testing 70+ brokers. Our recommended broker is Plus500.

Our recommended broker is Plus500.

Plus500 Review Register at Plus500 now!

80% of retail CFD accounts lose money