However, what’s concerning is the warning regarding fake reviews that were detected and removed. In 2015, CySEC fined IronFX 335,000 EUR for refusing to approve clients’ withdrawal requests. Online trading involves significant risk, and you may lose all of your invested capital. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only. Trading financial products carries a high risk to your capital, especially trading leverage products such as CFDs.
Thank you so much for taking the time to share your feedback. We look forward to providing you with the best possible service in the future. This is why they are offering great courses and proper promotions. Your job as a trader to take advantage of what is offered to you and enhance your skills as a trader.
A variety of trading platforms from IronFX
Typically, the trader should focus on base currency options, contract size, commission, fees, the number of pending orders/positions, and the minimum deposit size. For withdrawals, IronFX clients can use most of the options that were used to deposit funds. The withdrawal is made in the base currency of the account.
The broker offers industry leading products and services that I think can be a great option for retail and institutional clients alike. I like how they have strict regulation in multiple jurisdictions and are well respected within the industry. The high quality of their services has been acknowledged by the numerous international awards that they have won over the years. If you are looking for a reliable trading broker with everything that you need in once place and much more, IronFX are a top choice.
As an authorized and regulated brokerage, we have strict policies and procedures to ensure that we comply with all regulatory requirements. I want to give you a warning in the strongest possible terms. DO not open any accounts with this company they will keep your money.
Can I Withdraw IronFX Bonus?
If you have an account with this broker, the FPA recommends you try to withdraw your funds immediately. Regarding the price discrepancy you mentioned, we assure you that we do not manipulate prices or engage in any fraudulent activity. However, there may be instances where market conditions cause prices to fluctuate, resulting in differences between the price you see on your trading platform and the actual market price. The experiences about customer service, deposit, withdraw are not so efficient.
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https://forexhero.info/ apply for some of the methods, and there are also minimum and maximum amounts that apply. Among the instruments we have tested, the spreads for Gold and Apple are low, while the spreads for Oil, Dax, and Dow are high. IronFX received a low score in our rating due to a lack of trading ideas, written analysis & opinion, and third-party tools. As usual, the maximum amount that could be withdrawn by each payment method cannot exceed the amount you deposited. The only exception is the wire transfer, which should be used to withdraw profits. The selection of indices and commodities is also rich and includes both spot and futures instruments.
The IronFX Research app, which gives traders an overview of the financial markets and major news events, is also part of the mobile app offerings. They have very dodgy withdrawal policy and you will never see your money again. Please rather look into registered and trustworthy brokers. IronFx is a horrible company that needs to be arrested for fraud and theft, visit support at onestandardfinance com to recover your funds from them. At the time of its operation with IronFX global in Cyprus, it has a regulatory issue with CySEC.
Moreover – it has thousands of regular customers that guarantee the perfect execution of the trades, as well as the high level of safety and amazing customer support. But let`s not be so brief, but begin with our detailed IronFX review, because it is made to give you all the necessary facts and important information to learn about this broker. Read it before signing up, because it is recommended for you to learn the specifics and the features on the website and then to decide whether to join it.
- Founded in 2010, IronFX has been in business for more than 12 years, indicating that it is a stable broker and offers a high level of transparency.
- 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.
- With its wide selection of instruments, we believe IronFX is a great choice for both beginner and experienced traders alike.
- IronFX is part of the well known and long established IronFX broker brand which has bases around the world, but IronFX has some differences with IronFX elsewhere in the world.
The Securities and Investments Commission of Australia and the Financial Services Board of South Africa have also granted brokerage licenses to IronFx. IronFX’s traders will benefit from the fact that it is subject to multiple regulations. The only drawback of this broker is that it doesn’t support PayPal for deposit or withdrawal. And if you are a PayPal lover, then you can also check PayPal Brokers here.
The FPA is astonished that anyone at that broker would have the nerve to make such an obviously false statement. While Metatrader 4 and 5 are a bit outdated with some clunkiness, they provide reliability and vast functionality that frequent traders need. We publish unbiased product reviews; our opinions are our own and are not influenced by payment we receive from our advertising partners. Learn more about how we review products and read our advertiser disclosure for how we make money. Gives the all the possibilities to be able to trade flawlessly on the go, whenever I am. Whether it’s the airport waiting for a plane, or in a cab, or in the office, or in my living room.
It has an amazing range of trading tools, access to EAs, and social trading. Across the banner, you have trading markets, trading platforms, the IronFX school; everything a new trader needs to get started with the platform. When you set up your account, cycling through everything is simple. IronFX offers Metatrader 4 and 5 but no dedicated or proprietary trading platform.
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Each chart could be displayed as a bar chart, a candlesticks chart, and a line chart. While candlesticks are generally more popular among traders as there is an abundance of candlesticks patterns used to make trading decisions, other types of charts also have their fans. We tested the spread on the IronFX standard account during the London open at 8am UK time and just after the US open at 2.45pm UK time. At the same time, it should be noted that the information about all company’s entities is not readily available on the IronFX website. To learn about other entities, traders should go to the Notesco website. It should be noted that most global clients will likely open an account with Notesco Limited, which is an unregulated company registered in Bermuda.
This provides traders with peace of mind when trading on the platform. It means we always prioritize our readers’ safety in our business line, not just satisfying ourselves with a broker’s public information. Therefore, we use direct interaction with the broker, public opinion analysis, live and demo account testing, and even the accuracy of the price chart. Read our IronFX review below and share your opinion about this broker.
Our verdict on IronFX
The signup bonus offer they provide is a fantastic one, one that newer traders will certainly appreciate. The list of Forex, spot, and CFD trading instruments is well-constructed but some rivals offer more comprehensive listings. Clients can now trade cryptocurrencies directly on the Metatrader platform. Pricing for Forex, spot, and CFD instruments is average-to-competitive, with significantly lower costs at higher account tiers. There’s no bond CFD coverage but spot, metals, and index products cover the most popular instruments worldwide.
For example, you need to wait for several hours when using credit card ironfx review. We’re committed to providing comprehensive and useful educational materials, and your feedback is important to us. If there’s anything specific you’d like to see in our educational offerings, please don’t hesitate to reach out.
They focus on CFDs, with the most liquid CFDs on the market being EUR/USD, USD/JPY and USD/GBP. One feature we have to note when it comes to IronFX is their IronFX School. The School essentially does what it sets out to do – it teaches new traders everything they need to know about trading. They have a 24/7 live chat, phone line and email all available to contact at any time. The live chat is one of the first things you notice visiting the site – it pops up straight away, requesting to assist you! Their FAQ section is well thought out and well written, answering all the common queries and issues a trader may have.
We consider IronFX to be a worthwhile Forex broker, and would recommend our readers give them a try. Start off with small trades, or better still, open a demo account and get a feel for the site and whether it has what you need. The quickest and easiest way to contact customer support is through live chat, which is available 12/5. Traders can work with popular pairs like EUR/USD and GBPJPY, as well as exotic options like AUD/PLN (Australian dollar/ Polish Zloty) or EUR/CZK (Euro/ Czech Koruna). The cryptocurrency offering includes pairs with different currencies, including U.S. dollar, Japanese yen, British pound, and euro.
I have no use for any of the features here, nor did I ever plan on using them. A Brief History On Forex Brokers Indonesia Are Forex Brokers In Indonesia Reliable? The regulations for Forex trading in Indonesia give the brokers a considerable amount of… A number of payment methods are supported by IronFX including major credit cards, bank wire and a range of online payment methods such as Skrill, Neteller and WebMoney.
We take the integrity of our platform very seriously, and wanted to let you know this company hasn’t been playing by the rules. When we uncover misuse, we take action and alert our community. If additional suspicious reviews are discovered on this profile, we’ll remove those too.
- Additionally, IronFX does not publish any details about deposits or withdrawals on its website.
- The first thing we did in our IronFX review checked out the security measures they took, and they went the whole nine yards.
- Overall, IronFX offers a wide range of deposit and withdrawal methods, but it charges a fee of 50 USD for bank transfers under 300 USD, which is relatively expensive.
In order to establish how low or high IronFX’s trading costs are, we compared the various account types to each other, and then to the average charged by other brokers. A drawback for beginner traders considering IronFX is the lack of educational and market analysis materials available, forcing traders to self-educate with other third-party platforms. The online application processes new accounts in line with industry standards.