Company Profile
| Quick IronFX Review Summary | |
| Founded | 2008 |
| Registered Country/Region | Cyprus |
| Regulation | CYSEC, FCA, FSCA (General Registration) |
| Market Instruments | 80+ currency pairs, metals, indices, commodities, futures, shares |
| Islamic Account | ✅ |
| Account Type | Standard Floating, Standard Fixed, Raw ECN, ECN VIP |
| Leverage | Up to 1:2000 |
| Spread | Starting from 0.0 pips |
| Trading Platform | MT4 |
| Copy Trading | ✅ |
| Customer Support | Live chat, contact form |
| Regional Restrictions | USA, Cuba, Sudan, Syria and North Korea |
| Bonus | 100% unlimited sharing bonus |
IronFX Information
Founded in 2008, IronFX is a regulated brokerage registered in Cyprus, offering trading in 80+ currency pairs, metals, indices, commodities, futures, and shares with leverage up to 1:1000 and spread from 0.0 pips via the popular MT4 platform.
Pros and Cons
| Pros | Cons |
| Regulated by CySEC and FCA | Clients from the USA, Cuba, Sudan, Syria and North Korea are not accepted |
| Various trading assets | FSCA license is only general registered |
| Multiple account types | Lack of info on deposits and withdrawals |
| MT4 supported | |
| Live chat support |
Is IronFX Legit?
Yes, IronFX is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Financial Conduct Authority (FCA) in the United Kingdom. It also holds a general registered Financial Sector Conduct Authority (FSCA) license.
| Regulated Country | Regulated Authority | Regulated Entity | License Type | License Number |
 | CYSEC | Notesco Financial Services Ltd | Market Making (MM) | 125/10 |
 | FCA | Notesco Limited | Straight Through Processing (STP) | 585561 |
 | FSCA | NOTESCO SA (PTY) LTD | Financial Service Corporate | 45276 |
What Can I Trade on IronFX?
IronFX offers trading in 80+ currency pairs, metals, indices, commodities, futures, and shares.
| Tradable Assets | Supported |
| Currency pairs | ✔ |
| Metals | ✔ |
| Indices | ✔ |
| Commodities | ✔ |
| Futures | ✔ |
| Shares | ✔ |
| Cryptocurrencies | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Types/Fees
| Account Types | Standard Floating | Standard Fixed | Raw ECN | ECN VIP |
|---|---|---|---|---|
| CFD Instruments | Forex, Metals, Indices, Commodities, Futures, Shares | Forex, Metals, Indices, Commodities, Futures, Shares | Forex, Metals, Indices, Commodities, Futures, Shares | Forex, Metals, Indices, Commodities |
| Leverage | 1:2000 | 1:2000 | 1:1000 | 1:200 |
| Av. Spreads on Forex | 1.2 pips | 1.2 pips | 0 pips | 0.3 pips |
| Av. Spreads on Gold | 2.5 pips | 2.5 pips | 1.1 pips | 1.1 pips |
| Commission | No Commission | No Commission | Yes | No Commission |
| Base Currency | USD, EUR, GBP, JPY, AUD, CHF, CZK, PLN, ZAR, XBT, XET* | USD, EUR, GBP, JPY, XBT, XET | USD, EUR, GBP, JPY | USD, EUR, GBP |
| Stop out | 20% | 20% | 50% | 50% |
| Swap free/Islamic | Yes | Yes | No | No |
| Minimum Lot Size | 0.01 | 0.01 | 0.01 | 0.01 |
| Dedicated Account Manager available | 24/5 | 24/5 | 24/5 | 24/5 |
| Dealing Department Transaction Hotline | Yes | Yes | Yes | Yes |
Trading Platform
IronFX's trading platform is the industry-leading MT4, which supports traders on Desktop, Mobile, and Web devices.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Desktop, Mobile, Web | Beginners |
| MT5 | ❌ | / | Experienced traders |
andylauforex
Hong Kong China
When the trade is at a loss, they consider it a normal transaction. But when there's a profit, they claim a pricing error and forcibly deduct it. Providing obscure sourced prices to justify the deductions, this shady platform swindled me of $13,720.83.
Exposure
ironfx
Hong Kong China
The platform has absconded and induced me to trade for almost $150,000 . Serious slippage and then push it to the quoter
Exposure
聚贤阁
Hong Kong China
Account cannot be withdrawn, and commission cannot be withdrawn. This is also called regular?
Exposure
浮生9538
Hong Kong China
The platform does not withdraw money when making profits, and inexplicably wipes out the profits.
Exposure
FX3794515975
Hong Kong China
I registered through the official website via QQ customer service. After placing my orders, I kept earning, and eventually, I closed all positions thinking the market would still rise. I continued to place more orders and kept earning! I thought I had both luck and skill, but when it came time to withdraw, they refused to give me my profits, only the principal. After such a long time, an email claimed I was arbitraging and refused to give me the profits. I thought IronFX running away in 2015 would mean they'd be more legitimate this time around, but it's the same old story! I'm just laughing now; they won't let me withdraw without evidence. I have proof of my trades, which they never asked for; they just don't want to pay out.
Exposure
FX3146237879
Hong Kong China
Suddenly closed all my positions and then deducted all the funds from my account, a total of over $40,000 withdrawn 😩
Exposure
Zerker
Singapore
IronFX offers a good range of account types to suit different traders, including those looking for higher leverage. Their trading assets are diverse, covering currencies, metals, and commodities.
Positive
Ouangxb
Malaysia
Had some issues in accessing my account - Xenios helped me through it without fuss - very helpful.
Positive
FX1696530428
Australia
No joke, the spreads here have been super low these past three weeks. Huge plus! On top of that, customer support's been awesome. Every question I've thrown at them, they've answered right away and totally knew their stuff. 👍
Positive
Derya Fnight
New Zealand
IronFX's copy trading with Tradecopier is incredible! I wasn't sure at first, but following this guy Luke totally paid off. Check this out, I just made $278.68 in my currency trading. 😘😘😘
Positive
Sleepy6
Hong Kong China
Their free trading academy was a neat surprise, and having a range of devices to trade on was pretty cool. But man, those spreads randomly multiplying and support keepin' quiet?
Neutral
风水
Hong Kong China
You will never meet a broker better than IronFX. Yes, I have been trading with it for 10 years! I love trading currencies, indices, gold and silver on this platform, for I can enjoy competitive spreads and professional guidance, no slippage…I fully trust IronFX.
Positive
橘子味的外太空
Hong Kong China
At the beginning, it was said that the account was changed, and then it was said that the account was not correct and need to pay the unfreeze fee, which lowered the credit score and then increased the credit score, step by step tricks, it is too difficult to withdraw funds
Exposure
肉肉4026
Hong Kong China
It is said that my information is expired and then said that my name and account number cannot match, then it ask me pay fees to unfreeze the account. Just a scammer.
Exposure
Janky左华江
Hong Kong China
Hign reward game and manipulate the ranking. The 1st, 2nd, and 3rd are all their people for hedging. No matter how great you do, you cannot get the reward
Exposure