All Share (J203) = 89 902
Rand / Dollar = 18.17
Rand / Pound = 23.48
Rand / Euro = 19.56
Gold (usd/oz) = 3 074.24
Platinum (usd/oz) = 988.93
Brent (usd/barrel) = 74.08
Trade +10,000 CFDs with Tight Raw Spreads. – Trade Now!

IronFX Review

IronFX Review ZAR

 

Overall, IronFX can be summarised as a trustworthy and well-established broker that is very competitive in terms of its trading fees. IronFX is authorized and regulated by the Financial Sector Conduct Authority.  IronFX has a trust score of 90 out of 99.

 

🔎 Broker🥇 IronFX
💰 Minimum Deposit$100 USD
🆓 Demo Account✅ Yes
🔁 Spreads from0.8 Pips
4️⃣ MetaTrader 4✅ Yes
🚀 Open an Account👉 Open Account

 

Min Deposit

USD 100

Regulators

FSCA

Trading Platform

MT4, Proprietary platform

Crypto

No

Total Pairs

83

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

 

IronFX Review – Analysis of Brokers’ Main Features

 

  1. IronFX Overview
  2. IronFX Detailed Summary
  3. IronFX Advantages over Competitors
  4. IronFX Safety and Security
  5. IronFX Sign-Up Bonus
  6. IronFX Affiliate Program
  7. IronFX Minimum Deposit
  8. IronFX Account Types
  9. How to Open an IronFX Account – A Step-by-Step Guide
  10. IronFX Islamic Account
  11. IronFX Demo Account
  12. IronFX Trading Platforms
  13. IronFX Range of Markets
  14. IronFX Fees, Spreads, and Commission
  15. IronFX Deposit and Withdrawal
  16. IronFX Education and Research
  17. IronFX Customer Support
  18. IronFX Best Countries by Traders
  19. IronFX Countries not Accepted
  20. IronFX vs IC Markets vs IG – A Comparison
  21. IronFX Alternative – IC Markets
  22. IronFX Customer Reviews
  23. IronFX Current Popularity Trend
  24. IronFX Pros and Cons
  25. Conclusion
  26. Frequently Asked Questions

 

 

IronFX Landing Page

 

IronFX Overview

 

IronFX is a market-leading forex service provider that offers access to 10 trading platforms and more than 300 tradable instruments.

 

🔎 Broker🥇 IronFX
💰 Minimum Deposit$100 USD
🆓 Demo Account✅ Yes
🔁 Spreads from0.8 Pips
4️⃣ MetaTrader 4✅ Yes
📌 Regulation and LicensesCySEC, FCA, ASIC
⏰ Support Hours24/5
🖥️ Trading PlatformsMetaTrader 4, IronFX Web, TradeCopier
💻 Account TypesStandard, Premium, VIP, Live Zero Fixed Spread
🪙 Base CurrenciesUSD, EUR, GBP, AUD, JPY, BTC, PLN, CZK
📉 Leverage1:1000
💷 Currency Pairs85+
💶 Inactivity Fee✅Yes
📊 Scalping✅Yes
💹 Hedging✅Yes
🚀 Open an Account👉 Open Account

 

IronFX Overview

 

IronFX Detailed Summary

 

🔎 Broker🥇 IronFX
💰 Minimum Deposit$100 USD
🆓 Demo Account✅ Yes
🔁 Spreads from0.8 Pips
4️⃣ MetaTrader 4✅ Yes
📌 Asset Classes6
⚙️ Tradable Instruments300
🤝 Client Support24/5
🚀 Open an Account👉 Click Here

 

IronFX Detailed Summary

 

IronFX Advantages over Competitors

 

The main advantages of choosing to trade with IronFX include:

 

  • Access to a Wide Range of Products
  • Multiple Account Options
  • Industry Leading Trading Platforms

 

 

and much, MUCH more!

 

IronFX Advantages over Competitors

 

IronFX Safety and Security

 

IronFX is authorized and regulated by the Financial Sector Conduct Authority (FSCA).  The Financial Sector Conduct Authority (FSCA) is a financial institutions market conduct regulator in South Africa.

 

IronFX Safety and Security

 

IronFX Sign-Up Bonus

 

IronFX does offer 3 sign-up, and welcome bonus offers available that range from 20% – 100%. The IronFX sign-up bonus offers are structured as +100%, +40%, and +20% bonus programs.

 

🔎 Bonus Offer📌 Bonus %
🎉 Unlimited Sharing Bonus100%
🎁 Power Bonus40%
❤️ Iron Bonus20%
🚀 Open an Account👉 Click Here

 

IronFX Sign-Up Bonus

 

IronFX Affiliate Program

 

IronFX does make partnership options available in the form of an Introducing Broker and  Affiliate Program.  IronFX IBs will have the ability to earn a bonus on IB commissions whereas the IronFX Affiliates Program comes with a generous awards plan.

 

IronFX Affiliate Program

 

IronFX Minimum Deposit

 

The minimum deposit required to open an IronFX Account is $100 USD.  IronFX provides 7 different live trading accounts, Standard, Premium, VIP, Live Zero Fixed Spread, No Commission, Zero Spread, and Absolute Zero.

 

🔎 Min. Deposit to Claim Bonus🎉 Bonus Offer
💵 $100 USDSharing Bonus
💶 $200 USDPower Bonus
💷 $500 USDIron Bonus
🚀 Open an Account👉 Click Here

 

IronFX Minimum Deposit

 

IronFX Account Types

 

IronFX provides 7 different live trading accounts, Standard, Premium, VIP, Live Zero Fixed Spread, No Commission, Zero Spread, and Absolute Zero. The minimum deposit required to open an IronFX Account is $100 USD.

 

🔎 Floating/Fixed Spread Accounts🔍 STP/ECN Account🚀 Open an Account
🥇 Standard🥇 No Commission👉 Click Here
🥈 Premium🥈 Zero Spread👉 Click Here
🥉 VIP🥉 Absolute Spread👉 Click Here
🏅 Live Zero Fixed Spread👉 Click Here

 

IronFX Account Types

 

How to Open an IronFX Account – A Step-by-Step Guide

 

1. Step 1:  Start the IronFX Account Registration.

In order to start the IronFX Account registration, the applicant can simply click on the green “Register” button located at the top of the IronFX webpage.

 

IronFX Account 1

 

2.  Step 2:  Complete the IronFX Account Registration.

In order for the account application to be completed the applicant will be required to complete a simple online registration form.

 

IronFX Account 2

 

IronFX Islamic Account

 

IronFX offers Islamic swap-free trading on 4 trading account levels, Standard, Premium, Live Zero Fixed Spread, and VIP.  IronFX offers Extended Swap-free status by default to all applicable trading accounts created by clients in non-Islamic countries.

 

🔎 Account🥇 Standard🥈 Premium🥉 VIP🏅 Live Zero Fixed Spread
📉 Minimum Lot Size0.010.010.010.01
🔁 SpreadFloating from 1.6
Fixed to 2
Floating from 1.4
Fixed to 1.8
Floating from 1.2
Fixed to 1.6
Fixed to 0
💵 Commission❎ No❎ No❎ No✅ Yes
📊 Flexible Leverage Up to100010001000500
⛔ Stop out20%20%20%50%
☪️ Islamic Account Option☑️ Yes☑️ Yes☑️ Yes☑️ Yes
👥 Dedicated Account Manager24/524/524/524/5
🤝 Dealing Department Transaction Hotline✅ Yes✅ Yes✅ Yes✅ Yes
🚀 Open an Account👉 Click Here👉 Click Here👉 Click Here👉 Click Here

 

IronFX Islamic Account

 

IronFX Demo Account

 

IronFX does offer a free demo trading account for beginners to practice forex trading in a 100% risk-free environment.  The IronFX demo account expires after 30 days.

 

🔎 Broker🥇 IronFX
🆓 Demo Account✅ Yes
🪙 Virtual Funding✅ Yes
📈 Risk-LevelNone
🚀 Open an Account👉 Click Here

 

IronFX Demo Account

 

IronFX Trading Platforms

 

IronFX makes the market-leading MetaTrader4 trading platform available.  Additionally, IronFX allows interested parties to copy the best traders’ strategies via the IronFX AutoTrade PlatformIronFX also makes a Personal Multi Account Manager (PMAM) platform available which will allow users to manage several forex accounts with ease.  Account holders can also make use of the IronFX TradeCopier Platform to copy the strategies of top-performing traders in real time.  Users can choose to become a Strategy Follower or Strategy Provider.

 

IronFX Trading Platforms

 

IronFX Range of Markets

 

IronFX makes a wide range of markets available including access to Forex, Metals, Indices, Commodities, Futures, and Shares.

 

IronFX Range of Markets

 

IronFX Fees, Spreads, and Commission

 

Trading with IronFX will involve fees from $100 USD, spreads from 1.6 pips, and commission-free trading depending on the account traders select.

 

🔎 Broker🥇 IronFX
💰 Minimum Deposit$100 USD
🔁 Spreads from1.6 Pips
📊 CommissionVariable
📈 Leverage1:1000
🚀 Open an Account👉 Click Here

 

IronFX Fees, Spreads, and Commission

 

IronFX Deposit and Withdrawal

 

IronFX makes a wide variety of trusted deposit options available including Debit/Credit Cards, Neteller, FasaPay, Perfect Money, and more.  Withdrawals from IronFX can only be made via Bank Wire.

 

IronFX Deposit and Withdrawal

 

IronFX Education and Research

 

Under the IronFX School Tab on the IronFX website, traders will be able to find a wide selection of educational resources.  Educational and Research made available by IronFX include Courses, Seminars, Webinars, and Podcasts.

 

IronFX Education and Research

 

IronFX Customer Support

 

IronFX Customer Support is made available 24/5 via Live chat, Email, a Support Line, and a FAQ Section.

 

IronFX Customer Support

 

IronFX Best Countries by Traders

 

🌎 Country of Trade📌 % of Traders
🥇 Italy9.64
🥈 Colombia9.39
🥉 Spain7.98
🏅 France6.86
📍 UAE6.74

 

IronFX Best Countries by Traders

 

IronFX Countries not Accepted

 

IronFX does not offer its services to residents of certain jurisdictions such as the USA, Cuba, Sudan, Syria, and North Korea.

 

IronFX Countries not Accepted

 

IronFX vs IC Markets vs IG – A Comparison

 

🔎 Broker🥇 IC Markets🥈 IronFX🥉 IG
💰 Minimum Deposit$200 USD$100 USD£250 GBP
📊 Tradeable Symbols358334019537
📎 Forex Pairs6183100
🔁 Avg. Spread0.621.20.86
4️⃣ MetaTrader4✅ Yes☑️ Yes✅ Yes
🆓 Demo Account☑️ Yes✅ Yes☑️ Yes
🚀 Open an Account👉 Open Account👉 Open Account👉 Open Account

 

IronFX vs IC Markets vs IG A Comparison

 

IronFX Alternative – IC Markets

 

When compared to similar brokers a viable alternative broker choice to IronFX is IC MarketsIC Markets is considered a low-risk and can be summarised as trustworthy and reliable.

 

🔎 Broker🥇 IC Markets🥈 IronFX
💰 Minimum Deposit$200 USD$100 USD
📊 Tradeable Symbols3583340
📎 Forex Pairs6183
🔁 Avg. Spread0.621.2
4️⃣ MetaTrader4✅ Yes☑️ Yes
🆓 Demo Account☑️ Yes✅ Yes
🚀 Open an Account👉 Open Account👉 Open Account

 

IC Markets Overview

 

 

IronFX Customer Reviews

 

So Far, So Good.

I have only been trading with IronFX for a few months and I am very happy with my choice. – Carla

 

TrustPilot 5 Stars

 

Excellent Support.

I’m very satisfied with the customer service received. – Chris

 

TrustPilot 4 Star

 

Happy Client.

I am very happy with my Broker Choice when it comes to IronFX. – Lucas

 

TrustPilot 3 Star

 

IronFX Current Popularity Trend

 

According to Google Trends, here is an overview of how frequently the search term “IronFX” is entered into Google’s search engine over a given period of time.

 

IronFX Current Popularity Trend 1 IronFX Current Popularity Trend 2

 

IronFX Pros and Cons

 

✅Pros❌ Cons
Well-RegulatedHigh Withdrawal Fee
MetaTrader 4, IronFX’s own platform, and third-party solutionsDoes not offer cTrader or MetaTrader 5
Leverage of 1:1000Currency conversion fees apply
IronFX AcademyInactivity fee
Several Account TypesMixed reviews from customers

 

 

Min Deposit

USD 100

Regulators

FSCA

Trading Platform

MT4, Proprietary platform

Crypto

No

Total Pairs

83

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

 

Conclusion

 

Overall, IronFX can be summarised as a trustworthy and well-established broker that is very competitive in terms of its trading fees.

 

 

You might also like:  IronFX Review

You might also like:  IronFX Sign-Up Bonus

You might also like:  IronFX Minimum Deposit

You might also like:  IronFX Account Types

You might also like:  IronFX Demo Account

You might also like:  IronFX Islamic Account

You might also like:  IronFX Fees, Spreads, and Commission

 

 

Disclaimer

 

Traders need to understand and remember that CFDs are leveraged, complex products that may be accompanied by the risk of incurring losses that may exceed the initial deposit of the trader.  Traders need to ensure that they understand their risk exposure and determine whether the risk involved is suited to them before making trading decisions that could result in loss of capital.

 

 

Our Review Methodology:  For each of our broker evaluations, we investigate, evaluate, analyze, and compare what we feel to be the most crucial criteria to consider when selecting a broker.  This evaluation is comprised of positives, disadvantages, and an overall score based on our findings. We want to assist you in locating the ideal broker for your requirements.  Our broker review should not be considered financial advice and traders are urged to seek professional financial advice before making any investment or trading decisions.

 

 

Investor Warning: Foreign currency trading on margin is associated with an elevated risk and may not be appropriate for all investors. Before engaging in foreign currency or Contract for Difference (CFD) trading, you must evaluate your investing goals, expertise, appetite for risk, and willingness to be exposed to risk. You should not start investing capital that you cannot afford to lose, because you could incur a loss of part or your entire original investment.

 

 

Frequently Asked Questions

 

Is IronFX a trusted Broker Choice?

Yes, IronFX can be summarised as a trustworthy and well-established broker.

 

Who is IronFX and what does it have on offer?

IronFX is a market-leading forex service provider that offers access to 10 trading platforms and more than 300 tradable instruments.

 

Are there any advantages to trading with IronFX?

Yes, the main advantages of choosing to trade with IronFX include access to a wide range of products and multiple account options.

 

IronFX is regulated by the FSCA. Who is the FSCA?

The Financial Sector Conduct Authority (FSCA) is a financial institutions market conduct regulator in South Africa.

 

4.7/5 - (3 votes)

Written by:

Louis Schoeman

Edited by:

Skerdian Meta

Fact checked by:

Arslan Butt

Updated:

January 17, 2023

Written by:

Louis Schoeman

Featured SA Shares Writer and Forex Analyst.

I am an expert in brokerage safety, adept at spotting scam brokers in mere seconds. My guidance, rooted in my firsthand experience with brokers and an in-depth understanding of the regulatory framework, has safeguarded hundreds of users from fraudulent brokerage activities.

Edited by:

Skerdian Meta

Leading Analyst

Skerdian Meta FXL’s Heading Analyst is a professional Forex trader and market analyst and has been actively engaged in market analysis for the past 10 years. Before becoming our leading analyst, Skerdian served as a trader and market analyst at Saxo Bank’s local branch, Aksioner, the forex division and traded small investor’s funds for two years.

Fact checked by:

Arslan Butt

Commodities & Indices Analyst

Arslan Butt, a financial expert with an MBA in Behavioral Finance, leads commodities and indices analysis. His experience as a senior analyst and market knowledge (including day trading) fuel his insightful work on cryptocurrency and forex markets, published in respected outlets like ForexCrunch.

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