Monday, August 2, 2021

IronFX

Rate by User

4.6 

Business Info

www.ironfx.com

“IronFX is a trade name of Notesco Limited which is a company based in Bermuda, offering a multi-asset class Forex and CFD trading experience with 7 different account types to trade on 200+ financial instruments covering Forex, Metals, Indices, Commodities, Futures and Shares on the MetaTrader 4 trading platform for PC, Mac, Web, Android and iOS.”

IronFX was founded in 2010 and is a trade name of Notesco Limited which is a company registered in Bermuda. Accounts can be opened with the non-regulated entity located in Bermuda, or with the broker’s regulated entity from the UK Financial Conduct Authority – depending on the user’s geographical location. This review is based on www.IronFX.com/en which is the non-regulated arm.

Users are offered 7 different types of trading accounts. The Micro, Premium, VIP and Zero Fixed accounts offer a blend of live floating or fixed spreads. The No Commission, Zero Spread and Absolute Zero accounts offer ECN/STP trading. Across the different account types, users are offered a blend of commission-free and commission-based trading with a maximum leverage of 1:1000, 1:200 or 1:500 depending on the account chosen.

The broker offers users the ability to trade on more than 200+ financial instruments covering Forex, Metals, Indices, Commodities, Futures and Shares, on the globally-recognised MetaTrader 4 trading platform for PC, Mac, Web, Android and iOS operating systems. IronFX also offers free VPS hosting, subject to terms and conditions, as well as a copy trading facility called AutoTrade via myFXbook.

While the broker does not offer any type of educational resources they do provide live research and analysis via their Market Insights blog and Daily Market Outlook videos on YouTube. Users can also access Trading Central features such as technical analysis and education on-demand videos. They also offer a variety of different bonus and promotional offers such as live trading competitions and deposit boosters.

Pros:

  • Free access to Trading Central technical analysis platform.
  • Maximum leverage of up to 1:1000 available on certain accounts.
  • 200+ markets to trade on covering Forex, Metals, Indices, Commodities and Shares.

Cons:

  • Not regulated or licenced by any financial body (Bermuda based).
  • No MetaTrader 5.

Business

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