From the last decade onwards, the Forex empire has continued to grow. It is impossible to list all Forex broker companies given that there are too many. The question is, how to be sure you have chosen the right broker and where to find them? This IronFX review explains why the IronFX is successful and deserves the trust of clients.
IronFX is a UK-established Forex company that was founded in 2010. They offer a dedicated team of account managers to help you make profit. When it comes to regulation, one of the most important factors and base- rounds, IronFX made sure to be equipped with the right licenses. Since the company is in the UK, it is only logical that they are licensed by the FCA. But since they operate worldwide, they have also obtained the Australian ASIC and the Cypriot CySEC licenses. The company was also part of the UCRFIN regulatory organization from Ukraine, but the regulator suspended the broker for not paying the membership fee. This dispute concerns only the two of them and has no impact on traders and investors. Otherwise, the other regulators would suspend them as well. The company was established in 2010 and took the market by storm by opening offices in over 50 additional countries. They offer more than 200 instruments for trading to customers from 180 countries, and they are one of the official sponsors of FC Barcelona. It is also worth mentioning that this broker has gathered several industry awards in the last few years.
IronFX Trading Platforms
As one of the market leaders, the IronFX company offers ten different trading platforms (including downloadable, web-based and mobile platforms). The MetaTrader platforms are available with this broker in all forms. MetaTrader platforms are the favorite platforms in the whole industry. This powerful software is highly sophisticated and convenient for all levels of traders. They include many features like free trading signals, Expert Advisers (Forex robots), scalping, hedging, etc. The latest IronFX SSL-based platform provides for encryption of personal, financial, and trading data. They account for even more protection from outside influences (e.g. hackers). The IronFX mobile app can easily be downloaded to your smartphone devices with no interruptions. In fact, IronFX was awarded the Best Mobile Platform 2014 award.
As a professional broker, the IronFX offers, of course, a free Demo account for the very beginners who want to try the trading platforms and familiarize with the platform features. They also offer a swap-free or Islamic account for Arabian and other Muslim traders. Besides these, three other accounts are offered as follows:
- Micro account with a minimum deposit of $500 and maximum $2,499
- Premium account with a minimum deposit of $2,500 and up to $19,999
- VIP account with the minimum deposit of $20,000 and onwards
The first two accounts can be opened with the following currencies: EUR, GBP, USD, AUD, CHF, PLN, RUB, HUF, JPY, or CZK. For the VIP account, the only base currency is the USD. This broker offers ECN services as well where the lowest spreads are offered. ECN trading means that your broker directs you to a third party which acts as the liquidity provider. Basically, your broker is just the intermediary between you and the third party (usually a bank). The spreads depend on the account type, and the lowest for the Micro account is at 1.1 pips. For the VIP account users, they go as low as 0.5 pips. Leverage goes as high as 1:500.
IronFX offers a no deposit welcome bonus in the amount of $35. They are very famous for different and appealing promotions. For example, right now, the limited time promotion that started on 1 September and lasts until the end of the month, seems very appealing. The offer includes the choice between a 100% sharing bonus up to $10,000 and a 40% power bonus up to $4,000 to boost traders’ trading potential.
IronFX Banking Options
Deposits and withdrawals are accepted via wire transfers, credit cards, eWallets like Skrill, Neteller, Webmoney, and many local payment methods. Please note that VIP account users can only deposit in USD, while for other accounts a variety of currencies is available (see the base currencies above).
As a well- reputed Forex broker, the IronFX is also aware of the role of the customer support. They know that the customer support is the link to the many clients from the many countries they do business with. They introduced an innovative tactic in the market by providing a personal account manager for every client. They pioneered with this idea, as well as with initially offering customer support in 20 languages. By now, they expanded and offer Customer Support in astonishing 46 languages. The staff is available even on weekends (24/7) via live chat, e-mail, or phone.
The broker company with numerous awards to their name, they managed to rapidly spread to global levels in only six years of their existence. The IronFX broker had a unique promotion and marketing strategy that brought them to the top of the industry.
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