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A good way to find out more is by reading our Forex broker reviews. So let’s get on with sharing the details, and you’ll be in a much better position to decide. Could you please respond to our ‘Find Reviewer’ request here on Trustpilot? This will help us locate your account details and better understand the issues you faced. We take pride in offering reliable and trustworthy trading services, and we apologize if we fell short of your expectations. IronFX lets clients trade multiple markets on an Electronic Communications Network and also offers an AutoTrade copy trading platform for social traders.
That being said, you can actually find it as an add-on for the platform if you want to view the sentiment on your chart. IronFX offer a “one account, 10 platforms” trading limefx functionality. This means that you can trade from one account across all platforms which is useful if you plan to switch between your desktop, mobile and other devices.
It only takes a few minutes before new traders are up and running. The user-friendly interface allows access to a good range of financial services currently offered by this well-known broker. Or is the fact that a broker is licensed and regulated most important? Without a doubt, there are a number of factors that can come into play when picking the best Forex broker.
For those of you who are of Muslim faith, I am pleased to say that the broker does have swap-free accounts which comply with Sharia law. It’s great that they serve clients from all different backgrounds and with different religious beliefs. However, as with demo accounts this is something that you would expect from all brokers nowadays. The brokers website has some helpful widgets such as a currency convertor, pip calculator, margin calculator, profit calculator and trading hours.
Traders Reviews
There are no restrictions with a CNY 360,000 maximum transaction amount. IronFX has developed a proprietary bespoke interface, which means that it is tailored to each individual client’s needs. The in house interface uses an exclusive Client Portal that makes funding an IronFX account easy, as well as addressing all of a client’s needs.
In our tests for the Trust category, we also cover factors relating to stability and transparency. Here, we focused on how long the broker has been in business, the size of the company, and how transparent they are in terms of information being readily available. Notesco Limited is a company registered in Bermuda and is unregulated. While we adhere to strict editorial integrity, this page may refer to our partners’ products. ForexPeaceArmy.com has advertising and affiliate relationships with some of the companies mentioned on this site and may be compensated if readers follow links and sign up.
- IronFX received a low score in our rating due to a lack of trading ideas, written analysis & opinion, and third-party tools.
- I found the broker to have rapid trade execution speeds and competitive costs.
- One thing in particular I like that sets IronFX apart from many other trading brokers is their admirable support for a wide range of philanthropic and charitable activities.
- A series of regulatory fines and changes led to a drastic regression.
- Market order, which is used to buy or sell the instrument at the current marketplace.
The STP/ECN base currencies are USD, EUR, and JPY, except for the No Commission account, where IronFX lists Bitcoin despite not supporting cryptocurrencies as a deposit method. A complicated account type structure exists at IronFX, comprised primarily of two distinct categories which include nine account options. Equity CFDs remain commission-free but come with a minimum spread of 0.10%, covering the lack of commissions. Fixed spreads are available from 2.2 pips or $22.00 per lot. I rank trading costs among the most defining aspects when evaluating a Forex broker, as they directly impact profitability.
Overview Of IronFX Trading Platform
LimeFx is an award-winning and multi-regulated broker offering a great selection of trading instruments including Forex, Cryptos, Stocks and Commodities. You can trade on all of your devices via user-friendly platforms with excellent trading conditions and no commission fees. If you’re looking for a complex platform that can handle even the most advanced trading strategies, you should definitely consider MetaTrader 4 and its successor, MT5.
We’re sorry to hear about your negative experience with IronFX. As a regulated brokerage, we take all allegations of fraudulent activity seriously and we would like to investigate this matter further. And I’ve tried pretty much every broker out there, but IronFX is by far my favorite. I see they have some positive reviews on here one must assume that these reviews are not genuine, they could be family, friends, paid reviewers whatever I don’t know. I am a genuine reviewer you can search for me on Google and I implore you not to have anything to do with this company. We understand how frustrating it can be when issues arise during the withdrawal process, and we apologize for any inconvenience caused.
Ironfx Review : Payment Options
Withdrawal fees are one percent capped to USD 10,000 with no restrictions and a maximum transaction amount of USD 50,000. Neteller – IronFX charges a two percent fee capped to a USD 30.00 minimum with a USD 1.00 fee per transaction for limefx Neteller deposits. There are no restrictions with a maximum transaction amount of USD 50,000 per transaction. Bank Wire – deposit fees for bank wires depend on the corresponding and intermediary banks and what each bank charges.
Choose between Live and STP/ECN trading accounts, offering both floating and fixed spreads. In addition to other educational materials, IronFX has a Forex encyclopedia to sharpen their customer’s trading skills. The broker also offers some market analysis and educational materials, including a glossary of financial market terms and some videos. In addition, their representatives attend major forex expos that take place around the world where you can meet up and ask questions. IronFX provides round the clock customer support for clients in more than 180 countries in Europe, Asia, Africa, South America and the Middle East. Overall our online Ironfx review was conducted with the details obtained from the demo trading and the forex brokers website.
Market data is fully integrated with financial viewpoints and videos to help with your trading decisions. You can get real time economical news alerts as well as fundamental and technical analysis written by the award-winning Global FX Strategy Team. The team has appeared on some of the world’s most popular television channels including Bloomberg, BBC World, CNN, Sky News, Reuters, BNN and CNBC. Each platform includes an advanced charting package with a variety of fully customisable tools for each individual traders’ requirements. IronFX are renowned for their high-quality trading execution which they consistently look to improve by investing in technology advancements. The trading process is automated which keeps manual intervention to a minimum and thus helps to maximise efficiency and effectiveness.
Deposit and Withdrawal
You will then need to upload documents to verify your account before you can fund your account to begin trading. The demo account is available without confirming your account if you just want to try things out without any commitment. The IronFX research and analyst team display frequently updated market insights on their website covering a variety of different trading topics and markets.
Despite the fact that IronFX received a below-average score in the Education category, beginner traders would benefit from the educational webinars available in multiple languages. IronFx is a forex broker blacklisted by Forex Peace Army and declared a scam for its actions against the clients. They will tell you that you are investing in the licensed version in your country such as Ironfx.com.au in Australia, but they will put you into Ironfx.com which has no license. They will then trade your money away without your authority until there is nothing left. In reality it is just a demo account and you won’t be able to withdraw anyway…
That’s great for those who already understand the benefits of social copy trading, as well as for less experienced traders, who get the opportunity to build their confidence and expertise. On an unhappier note, though, we also found a number of negative reviews, although they seem to centre around withdrawals. So, as is generally our advice, we would advise anyone considering IronFX to start small with LimeFxs.
I like the fact the company ensures a…
IronFX got a below-average score in the Research and Education categories. The company decided to focus on video content for beginner traders, and some important parts of educational & research support are not available. In the Deposit and Withdrawal category, IronFX received a perfect score. There are many options to choose from, and there are no deposit and withdrawal fees.
We look forward to providing you with the best possible service in the future. I am happy with ironfx because of how much they do for their clients. The process was easy because of https://limefx.club/ how well the support team guided me through it. We understand your frustration and we hope to have the opportunity to address your concerns and restore your trust in our services.
In 2013, offices were opened in Australia, and it became officially recognized by the SDIC. At the same time it also received authorization from the FCA in the UK. A further office was opened in South Africa, and it became authorized by the Financial Services Board .
Justin is an active trader with more than 20-years’ industry experience of working for big banks and hedge funds. He has an inside knowledge of how the financial markets work, thanks to roles including trader on a $750m Event-Arbitrage desk and CRO and COO of hedge funds running a variety of strategies. From stat-arb and trend-following CTA to fixed-income relative value. Firm’s he has worked at include big banks like Citi, and prominent hedge funds including D. Another important IronFX offering is its new social trading facility, which allows traders to copy some of the world’s best traders.