IronFX Review

Minimum Deposit: $100 VISIT BROKER
69.26% of retail investor accounts lose money when trading CFDs with this provider.

IronFX Review


IronFX is a leading multi-asset trading broker founded in 2010. IronFX is a subsidiary company of Notesco Limited, which is registered in Bermuda. Notesco Limited is authorised and regulated by the CySEC.

IronFX has an impressive product portfolio of over 300 financial products. IronFX offers these tradeable assets from six asset classes: forex, metals, commodities, indices, futures, and shares. Trading from the most lucrative MetaTrader 4 platform across 10 devices provides IronFX’s users with an edge.

IronFX provides trading services at minimal costs. Tight spreads and low commissions make it an option worth trying for beginners. The broker is packed with trading, educational, and research tools.

Founded in 2010, IronFX serves retail and institutional customers from over 180 countries across Europe, Asia, the Middle East, Africa and Latin America.

IronFX strive to deliver an exceptional service to all clients, both retail and institutional, by offering a wide range of products, the best-of-market spreads and unmatched trading conditions globally. They continuously invest in product innovation and company personnel to meet the needs of traders and investors by delivering bespoke quality and unrivalled level of high-quality services.

8Expert Score
IronFX Rating

IronFX is the award-winning Global Leader in Online Trading, with 10 trading platforms and more than 300 tradable instruments in forex, spot metals, futures, shares, spot indices and commodities.

Investment Products
Commissions and Fees
Platforms and Tools
Research and Education
Deposit and Withdrawal

IronFX Review

Pros and Cons

IronFX is under strict regulations of CySEC. The broker offers 300+ trading instruments with multiple trading accounts and trading platforms. In addition, IronFX provides VPS hostings, PMAM, and trade copier services for investors to automate their trading. Zero, fixed, or floating spreads: you can choose whatever you want with IronFX. The broker offers dedicated educational and research tools such as Trading Central. In addition, IronFX offers demo accounts and Swap-free Islamic accounts as well.

On the other hand, IronFX or its parent company are not traded as a public company. Therefore, financial information regarding the broker is not available. In addition, IronFX does not accept clients from a few countries, such as the US, and there is a leverage restriction for EU clients.

Let’s summarise the pros and cons of IronFX.

  • Strict regulation
  • 300+ trading instruments
  • MetaTrader 4 on 10 devices
  • Trading Central
  • PAMM and Trade Copier
  • Fixed and floating spreads accounts
  • Tight spreads and low commissions
  • Zero spread accounts
  • Commission-free trading
  • Research and educational resources
  • IronFX Research app
  • Multiple payment methods
  • Segregated client funds
  • 24/5 customer support
  • VPS
  • Free deposits
  • Demo accounts
  • Islamic accounts
  • US clients not accepted
  • Withdrawal fee
  • No proprietary platform
  • $100 minimum deposit
  • Inactivity fees

IronFX Review

Investment Products

IronFX provides 300+ trading products from various asset classes such as forex, CFDs, stocks, indices, and commodities. However, the broker lacks other asset classes such as cryptocurrencies, options, bonds, and ETFs.

IronFX Instruments Summary

IronFX Instruments

IronFX Review

Commission and Fees

Commission and Spread Fees

IronFX offers two main types of accounts: Live (Floating/Fixed spreads) and STP/ECN accounts. The users can bear floating and fixed spreads and pay no commission. Otherwise, they can choose to trade with tight spreads starting from 0.0 pip and pay minimal commissions. This benefits all sorts of traders.

FeeLive (Fixed/Floating)STP/ECN
Commission (per standard lot per side)$0$5
Spreads from1.40.0
IronFX Fees

Deposit and Withdrawal Fees

IronFX does not charge any deposit fee while using any payment method. However, there are certain withdrawal fees while using debit/credit cards and some electronic payment methods.

Inactivity Fees

IronFX charges a fixed $50 as an inactivity fee from the accounts that have been inactive for 90 or more days.

IronFX Review

Platforms and Tools

IronFX provides trading platforms that are easy to interact with and compatible with the needs of all levels of traders. The broker provides access to the most well-known MetaTrader 4 trading platform across 10 devices. Moreover, the broker provides PMAM accounts, Trade copier, and VPS hostings for the investors who want to automate their trading with their own strategies or copy other professional traders’ portfolios.

On the other hand, IronFX lacks proprietary trading platforms and does not provide other trading platforms except MT4.

MetaTrader 4 (MT4)

MT4 is undoubtedly the most popular online trading platform, with millions of traders of all skill levels using it throughout the world. It is incredibly user-friendly, offering a plethora of trading tools for effective market analysis and transaction administration. MT4 has a low learning curve. Therefore it’s great for beginners.

IronFX clients have access to over 300 trading instruments across six asset classes through the MT4 platform, PC, iOS/Android mobile devices, or the WebTrader straight from a contemporary web browser. MT4 provides quick order executions with no requotes and spreads as low as 0.0 pips.

The following are some of the key characteristics of IronFX MT4:

  • User-friendly
  • 3 chart types and 11 timeframes
  • 300+ trading instruments
  • Manage orders and positions
  • One-click trading from the charts
  • Market Watch with live market price quotes
  • Advanced charting with technical indicators and drawing objects
  • News
  • Downloadable trading history and reports
  • Full functionality for Expert Advisors (EAs)
  • Strategy tester
  • MQL4 editor
  • Marketplace for buying and selling scripts, indicators, and EAs
  • Available on desktop (Windows & Mac), mobile devices (iOS & Android), and popular web browsers
IronFX MT4 Platform
IronFX MT4 Platform

Trading Tools

Personal Multi-Account Manager (PMAM)

Using the IronFX Personal Multi-Account Manager (PMAM) tool, you may easily manage several forex accounts. Users can profit from one of the industry’s most adaptable and sophisticated platforms, appropriate for both professional traders and money managers.

Fund managers may trade and manage numerous MT4 accounts at the same time using the PMAM platform. It provides clients with an easy-to-use money-management system that includes innovative tools for best market execution.

PMAM’s advantages and trading features include:

  • Online trades and equity management
  • One-click orders
  • Unlimited accounts
  • Price tracking
  • Reports on Activity
  • Supported on Windows 98 and above
IronFX PMAM Trading Platform
IronFX PMAM Trading Platform


Open an account with IronFX to obtain access to the AutoTrade technology, which has revolutionised the online trading business. Profit from the dependability of well-regarded professional traders, who will allow you to select and imitate their best performing and most lucrative trades, as well as a wide selection of their tactics.

You can connect your account to the IronFX AutoTrade platform and have access to one of the market’s most complete automatic trading solutions. With this innovative possibility, you will have total control over your trading experience.

Without the need for extra software, both beginners and expert traders may access hand-picked forex trading strategies, follow proven techniques, and diversify their trading portfolio.

This user-friendly dashboard is designed to meet the demands of both novice and expert traders. AutoTrdaing is enabled by connecting a trader’s account to an expert’s account. The IronFX AutoTrade Platform enables traders to duplicate signals or mirror whole strategies, allowing them to benefit from the expertise and knowledge of other successful traders in a quick and safe manner.

VPS Hosting

You do not need to watch your automated trading strategies with a virtual private service (VPS) since your orders can be executed when your personal computer is switched off. IronFX’s VPS hosting delivers the speed and security you want to automate your trading with the help of EAs and trade copiers.



TradeCopier allows you to replicate top-performing traders’ techniques in real-time. If you are new to trading or just don’t have the time to follow the markets, this is an excellent way to get started. With IronFX’s TradeCopier, you may begin replicating trades of other traders, gaining access to their knowledge, and expanding your own portfolio. Just remember, there are no guarantees on how good or bad trading signals will perform. Make sure you understand the risks.

IronFX Trade Copier
IronFX Trade Copier
Strategy Follower

If you don’t have the expertise or time to trade in the forex market, why not learn from an experienced trader? You might begin by replicating the tactics of IronFX’s Strategy Provider(s) and building your own portfolio.

When you initially register, you can only follow one Strategy Provider; however, you can subsequently follow other Strategy Providers using the TradeCopier platform as well. You have the option of withdrawing your funds at any moment.

Strategy Provider

If you are an experienced and successful trader, it is time to become a Provider on TradeCopier. With IronFX, you will have access to all of the tools you need to get started and to rapidly connect with traders from all around the world. As an experienced trader, you can now put your trading skills to use and teach others how to trade by following your trading techniques.

IronFX Platforms Summary

Platform IronFX
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)x
Social Trading
IronFX Platforms

IronFX Review

Research and Education

IronFX provides various educational resources and research tools to help newbies learn to trade quickly. Let’s discuss each tool comprehensively.

IronFX School

IronFX School is a dedicated learning centre for traders.

Economic Calendar

The IronFX Economic Calendar covers financial events and economic data to keep global investors informed and help them make sound trading decisions. Major economic indicators such as GDP, interest rates, unemployment rates, Central Bank Minutes, and Consumer Price Indices (PMIs) (inflation measures) are key drivers for currencies and market-moving events. IronFX’s real-time economic calendar provides you with all of the information you need to comprehend current and future economic activity, spot opportunities, and prepare, plan, and execute your trading strategies.

Financial News

Clients can access Expert Technical Analysis and the Most Recent Forex Trading News based on breaking currency news and insights supplied by an award-winning research team and make smart trading decisions. As an online trader, being up to speed on the latest financial news and happenings is critical to your success.

Forex Trading Strategy

Improve your trading with a profitable FX trading technique. A mix of proven and well-established trading techniques must be followed to manage risks, which is required for successful forex trading. Both novice and experienced traders will be able to create, test, and reflect on their trading methods.

Trading guides for beginners and professionals

With IronFX, you can learn how to start trading forex as a novice. Starting out in forex trading does not have to be intimidating. Any rookie trader may develop a foundation for prospective success with the correct amount of preparation, effort, and strategy. As a new trader, it is critical that you devote time to studying and learning about trading before joining the market. The better prepared you are, the more likely you are to attain your goals. Before going on to more complicated and advanced methods and approaches, it is critical that you be comfortable with the fundamentals.

With IronFX, you can learn all there is to know about trading as a professional. IronFX is dedicated to assisting its clients in evolving and becoming more successful and productive traders. A plethora of advanced trading tools, training material, and market insights are provided to fulfill your abilities and expectations while keeping you up to date. IronFX may help you improve your professional trading by improving your trading methods and tactics.


The IronFX team has created a list of some of the most instructional and enlightening films for both new and experienced traders. IronFX strives to deliver quality educational videos to all of our traders in order to help them improve and succeed in their trading.

IronFX Trading Videos
IronFX Trading Videos


You can learn about all trading terminologies with this Glossary section.

Trading Central

As an IronFX trader, you get access to Trading Central’s independent and leading research analysis, ensuring that you are always prepared to trade confidently. Trading Central is the appropriate platform for any trader searching for the correct investing support to assist them in achieving long-term success in their trading.

IronFX Trading Central
IronFX Trading Central


With a range of free widgets, IronFX provides traders and investors with the ability to enhance trading performance. Forex widgets are highly handy tools that users may utilise to gain crucial trading information. With IronFX’s currency converter, pip, margin, and profit calculators, traders can quickly evaluate the probable outcomes of their trades and hedge against risks.

IronFX Research and Education Summary

Market Analysis
Trading Central
Economic Calendar
IronFX Resources

IronFX Review

Deposit and Withdrawal

IronFX offers various payment methods for deposits and withdrawals, such as bank transfers, debit/credit cards, and electronic payment systems. However, the broker does not offer a crypto payment option. In addition, the broker offers 8 base currencies to open accounts. This way, clients can deposit and withdraw in their local currencies to avoid currency conversion charges.

IronFX Funding Summary

Payment MethodDepositWithdrawal
Wire Transfer
Credit/debit Card
Electronic Wallets
IronFX Funding Options

IronFX Review

Regulation and Safety

Notesco Limited is the parent company of IronFX and is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC).

IronFX Regulation Summary

ASIC (Australia)x
IIROC (Canada)x
CySEC (Cyprus)
SFC (Hong Kong)x
JFSA (Japan)x
MAS (Singapore)x
FINMA (Switzerland)x
IronFX Regulators

IronFX Safety

Client security is an important component of the group’s concept, with client funds stored in segregated accounts, in compliance with tight regulations. Each client account is assigned a unique code that guarantees that funds are only utilised for trading and not the operational costs of the broker. This assists in assuring clients that their funds are secure.

IronFX Review

Client Support

IronFX provides customer support via live chat, phone, and email 24/5.

IronFX Review


IronFX is a reputed trading broker with a global customer base and a diverse selection of trading products across numerous marketplaces. They are subject to stringent regulations of the CySEC and are well-regarded within the industry. Because of the modern trading technology, the trading conditions are among the finest available, with competitive spreads and trade expenses. There are several account kinds to accommodate all sorts of traders, and each client is handled equally.

Everything that you find on is based on information and data that is readily available from each broker that we have reviewed. We combine our 15+ years of industry experience with research, analysis and user feedback. This enables us to give an impartial and reliable broker rating. You can read more about our broker review process here.

IronFX Review


When was IronFX founded?

IronFX was founded in 2010.

Where is IronFX located?

IronFX is located in Bermuda.

Is IronFX regulated?

IronFX is regulated by the CySEC.

What trading instruments does IronFX offer?

IronFX offers over 300 trading instruments in popular asset classes such as forex, CFDs, commodities, indices, and stocks.

What is IronFX’s minimum deposit?

IronFX requires a minimum deposit of $100.

What investing platforms does IronFX offer?

IronFX offers access to MT4 from 10 devices.

What is IronFX’s commission fee?

IronFX offers commission-free trading. However, there are certain commissions on zero spread accounts starting from $10 per standard lot.

Does IronFX charge an inactivity fee?

IronFX charges an inactivity fee of $50 after 90 days of no trading activity on the account.

What are IronFX’s spreads?

IronFX offers floating, fixed, and zero spreads on different accounts. However, normally the average spreads start from 1 pip.

What funding options does IronFX offer?

IronFX offers bank transfers, debit/credit cards, and e-wallets as funding options.

Does IronFX offer demo trading?

Yes, IronFX offers demo trading.

Does IronFX offer Islamic accounts?

Yes, IronFX offers Islamic accounts.

How do I contact IronFX customer support?

IronFX’s customer support can be reached 24/5 via live chat, email, and phone.
IronFX Review
IronFX Review
Minimum Deposit: $100
Richard Montana

Richard Montana

Richard has spent many years researching, testing, comparing and reviewing brokers. He has an extensive knowledge when it comes to understanding what to look for in a broker for trading and investing online.