IronFX: Online Forex Trading Guide

Stock exchange market concept, hand touching on trading icon screen with graphs analysis candle line on bokeh colors light.

IronFX is educating the next generation of traders. It is a new online broker that began operations intending to provide clients with cutting-edge trading technologies and a superior trading experience.

It provides commission-free trades with a spread as low as 0.07 and various trading account kinds.

Platinum, Gold, and Silver accounts are the three most common accounts offered by the broker. It also offers demo account for novices and an Islamic swap-free account. Investors have the option of using a maximum leverage of 1:500.

The broker allows you to trade in numerous financial markets with a large selection of trading products. The broker provides a diverse choice of payment alternatives for withdrawals and deposits.

Overview: Is it Legit to Trade?

IronFX was founded in Limassol, Cyprus in December 2010 after obtaining authorization by the CySEC. In 2013, IronFX opened an office in Australia and became regulated by the ASIC, while it also received authorization of the FCA in the UK.

The broker employs modern encryption and security technologies to protect the data of its valued clients. Thousands of active traders have to trust the broker since it is a safe haven for investors and traders.

So, IronFX scam? No, it’s absolutely legit. Furthermore, it complies with all applied regulations, including the EU, MiFID, and the ICF, which handle consumer complaints about broker fraud.

Types of Trading Account available on Platform?

IronFX offers three account types: core, customization, and custom. Investors can tailor their account types and services to their specific trading styles and needs.

  • It provides mainly three types of Accounts. The trading account type has a set of features. The broker’s leverage varies depending on the account type and trading assets used.
  • Novices can use the broker’s demo account to practice and master trading tactics while learning about the various financial markets’ dynamics and foundations.
  • The broker offers an Islamic account based on Shariah law principles for traders of the Muslim faith.

The three types of accounts are:

Standard Account

Beginner traders who are new to the FX markets can open a Standard account. It has included all of the necessary features for new traders.

Premium Account

It is the best option for traders with little trading experience who want to execute the trade in the Forex markets. In comparison to the silver, this one has more assistive features.

VIP Account

The platinum account is the best because it includes all the services and features needed for a seamless trading experience. It is best suited for experienced traders.

How to Open a Trading Account?

The account opening process is completely digital. Simply follow the easy steps outlined below:

  • Visit the IronFX official website.
  • Register tab given on the top of the right corner.
  • Complete the formalities by filling in the asked information and attaching the required papers for Address proof, etc.
  • Start your profitable trading journey by depositing the initial amount.

Which Tradable Products are Provided by the Broker?

The broker provides CFD trading on more than 350 tradable assets from various financial marketplaces. The complete list is given below:

Forex

Traders must use suitable strategies and use rapid execution trading platforms to mitigate risk because the FX market is the most incendiary financial market in the world.

Cryptocurrency

It is a dynamic and turbulent marketplace, and it is the digital currency’s future. The broker assists traders in trading cryptos using CFDs, allowing them to profit from price changes.

Indices

The broker offers CFD trading on various indexes and diversifies the portfolio, which reduces risk.

Commodities

The broker assists you in trading in the traditional commodity method. CFDs allow investors to trade commodities.

Stocks

The broker provides a diverse selection of stock trading assets through key stock indexes such as the Nasdaq100, S&P 500, DowJones, and others.

How much Commission Charged and Leverage Provided by IronFX?

Fees

The broker provides no-commission trading. The markets on which a trader deals determine the trader’s earnings.

The spreads depend on the trading assets and accounts:

  • Silver Account- From 2.2 Pips
  • Gold Account- 1.3 Pips
  • Platinum Account- From 0.7 Pips

Leverages

The broker provides different leverage for different accounts and assets. The maximum leverage offered is 1:500. The amount of leverage depends on the account type and the trading assets.

Payment Options Offered: Deposits and Withdrawals?

IronFX provides a variety of payment alternatives so that clients can deposit and withdraw money fast.

Deposits are handled instantly with these alternatives:

  • Visa
  • Bank Wire Transfer
  • Credit/Debit Card
  • Skrill
  • Neteller
  • Mastercard
  • VPay

Requests for withdrawals can take up to 4-5 days to process. If an investor withdraws less than the broker’s normal threshold, they may be charged.

Well Equipped Trading Platforms for Traders

WebTrader, Mobile App, and MT4 are the available advanced trading platforms offered by the broker. Trading platforms are equipped with features like cutting-edge technology and quick execution.

All platforms are equipped with cutting-edge technology and top-of-the-line security features to protect customer data and deliver a user-friendly trading experience.

WebTrader Platform

  • More than 350 Financial instruments.
  • Analytical Tools
  • Price Fluctuation Updates

MetaTrader 4 Platform

  • Various Timeframes
  • Trade execution speed is high.
  • Account Synchronisation
  • Customer Support Services

Mobile App

  • One-Click Trading
  • Available on Android/iOS
  • Easy Accessible Platform App
  • More than 350 Financial products.

Education and Research Services

The following are the many sorts of sources that the broker provides:

  • Articles
  • VDOs
  • E-Books
  • Tutorials
  • Online Courses
  • Webinars

It provides analysis and research tools to keep them updated on market developments.

  • Economic Calendar
  • Report Season Calendar
  • Daily News
  • Trading Signals

Customer Support Services

The customer service personnel at the broker are devoted and talented. Investors can reach out to them in a variety of ways:

Conclusion

IronFX is an emerging online broker with a wide range of trading services and features. The brokers provide a wide range of trading assets through their modern trading systems.

The broker’s instructional and research department is remarkable, and it may assist traders in making the most of their trading experience.

The views expressed in this article are those of the authors and do not necessarily reflect the views or policies of The World Financial Review.