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IronFx is an online forex trading platform run by Cyprus Investment Firm called IronFX Global Limited. IronFX was established in the year 2010. As IronFX is a CIF, it comes under the jurisdiction of the Cyprus Securities Exchange Commission (CySEC) under the license number 125/10. IronFx also operates in other jurisdictions such as Australia, UK and South Africa via its subsidiaries. IronFX offers 200 trading instruments in addition to spot forex trading; it serves more than a million client from across 180 countries in the world.

IronFX Regulations

iron fx licecnes and regulations

As mentioned earlier IronFX is operational across several jurisdictions and hence is regulated via several regulatory bodies. IronFX is regulated in Cyprus under the name of IronFX Global Limited via CySEC. It operates under the subsidiary 8Safe UK Limited and is regulated by Financial Conduct Authority (FCA) in UK. Through GVS (AU) Pty Limited, IronFX is authorised to operate in Australia and is regulated by the Australian Securities and Investments Commission (ASIC). IronFX is authorised via the South African Financial Services Board for the South African region.

IronFX Reliability

IronFX has established a name as being a customer oriented broker ever since it began its operations in 2010. It’s no surprise they are serving more than a million clients globally. As the broker is regulated via various regulatory bodies across several jurisdictions; it further adds to their credibility and reliability as they are legally obliged to abide by various regulations to safeguard their client’s fund.

IronFX is protected under the Financial Services Compensation Scheme in UK and Investor Compensation Scheme in Cyprus as IronFX is regulated in both these jurisdictions. A trader is covered up to a maximum of 50,000 pounds under the Financial Services Compensation Scheme and up to a maximum of 20,000 euros under the Investor Compensation Scheme.

IronFX Trading Platforms

ironfx trading patforms

IronFX offers several version of the industry approved MetaTrader 4 (MT4) trading platforms to its clients. The desktop version of MT4 is widely accepted amongst the trading circuit as the industry standard trading platform and is adopted by brokers around the world.  MT4’s popularity can be attributed to the fact that is a robust platform which comes with a wide range of trading tools. The platform provides scope of customization. MT4’s key features are:

  • Robust activity reports
  • Advanced and Intuitive charting packages
  • Real time news feed
  • Real time price movement feed
  • Experts Advisors (EAs)
  • Multiple order types
  • Built in technical indicators

MT4 is also available as a web-based trading platform for direct access using a web-browser with any installation; this is quite convenient for many traders.  For traders who manage several client accounts IronFX also offers MT4’s Personal Multi-Account Management (PMAM) platform. This enables the money managers to operate as well as trade several MT4 trading accounts simultaneously. The main features of PMAM include:


  • Robust activity Reports
  • Real time news feeds
  • Real time price feed
  • Ability to manage unlimited accounts
  • Single Click Trading
  • Ability for online orders and portfolio management
  • Multiple Funds Support

Mobile Trading

Many traders prefer to access the market through their smartphones and tablets as it is the norm today. To cater to this category of traders, IronFX also offers mobile version of the MT4 platform which is available on Android and IOS. The traders can download and install these apps on their cell phones or tablets.

IronFX Trade Types/Instruments

Traders at IronFX can trade in spot forex, spot metals, spot commodities, spot indices, futures and shares. Altogether, there are 217 different types of instruments to choose from.

IronFX Account Types

IronFX offers 6 different types of accounts for their retail clients. Each account comes with set of benefits, which gives the traders a choice to select an account type based on their requirements.

The Micro Account Features:

  • minimum deposit $100
  • Minimum lot size 0.01
  • Fixed or Variable Spreads
  • Account Manager

The Premium Account Features:

  • minimum deposit $2,500
  • fixed or variable spread
  • dedicated account manager
  • Dealing department hotline support

The VIP Account

  • minimum deposit $20,000
  • fixed or variable spread
  • dedicated account manager
  • Dealing department hotline support

The STP/ECN Accounts

  • minimum deposit $500
  • spreads starting from as low as 0 pips
  • flexible leverage from 1:1 up to 1:200
  • STP No Commission and STP Zero Spread account
  • Micro lot availability

The Zero Fixed Spread Account

  • minimum deposit $500
  • micro lot availability
  • dedicated account manager
  • low commission and spreads

The Mirror Account

  • lower stop-out levels
  • instant internal transfers

Apart from the accounts mentioned above, IronFX has also offered 4 types of accounts for institutional level clients. These are:

  • IronFX Affiliate Account
  • IronFX Affiliate Plus Account
  • IronFX Business Account
  • IronFX Managed Accounts

IronFX Bonus & Promotions

IronFX also offer a wide array of bonuses and promotions for their loyal traders. There are 2 types, for trading bonuses – 100% Sharing Bonus (up to $10,000) and 40% Power Bonus (up to $4,000). They also conduct regular trading competitions with attractive rewards for trader. Listed below are other bonuses offered by IronFX:

  • IronFX offers Cash Rebate Bonus
  • Refer a Friend Bonus Programme
  • IronFX has Cashback Bonus
  • IronFX has a Reward Points Scheme

IronFx Commissions & Spreads

IronFx offers fixed or variable spreads which may vary significantly depending on the account level and market conditions. ECN account holders can take additional advantage of near zero spreads for many popular currency pairs.

IronFX Deposits & Withdrawals Options

Iron fx deposits and withdrawals

IronFX traders can use the methods listed below to deposit fund to their accounts:

  • Bank Wire Transfer, Cardpay, Credit Cards, CSC24Seven, Dinpay, Dotpay, Ecommpay, Neteller. Safecharge, Skrill and Webmoney

The following methods can be used for withdrawals:

  • Credit Card/Debit Card, Bank Wire, Skrill, Neteller, FASAPAY, China Union, DotPay
  • and Mail Order & Telephone Order (MOTO)

IronFX offers free withdrawals but a service fee may be levied by the payment processor. All withdrawal are processed within one business day at IronFX.

IronFX Customer Support

IronFX’s website is accessible in more than a dozen different languages and has a dedicated customer support available throughout the week 24/5. Support department can be  contacted via email, live chat or telephone.


With an operational history of more than 8 years, IronFX has earned the reputation of being one of the most reliable brokers in the financial market. It’s ideal for someone looking for a chance in broker without compromise on quality.

IronFX Rating


Easy to use









  • Excellent Customer Protection and Regulatory Background
  • 120+ currency pairs
  • Low spreads starting from as low as 0 pips
  • Personalised customer support is available 24 hours a day, 5 days a week from your dedicated account manager.
  • Other trading options. Account holders can also trade more than 200 other financial instruments, including spot indices, spot commodities and shares.


  • Confusing account types
  • Not very user friendly

By Ricardo Martinez

Ricardo Martinez has been active in the financial markets for around 10 years. In the early days in his career he was a trader and worked as market analyst in different online brokers advising clients on key decisions of trading instruments in foreign exchange and commodity markets. Ricardo is currently working as independent trader with diversified portfolio over different markets. His writing for LearnMarketonline is part of his commitment to share knowledge with traders.