I thus determined that fixed/floating spread accounts are better suited for beginners looking for extra protection. Where many brokers only offer a few accounts, IronFX have a great range of different trading accounts to cater to the needs of many different styles of traders. There are accounts with floating spreads, fixed spreads, no commission and spreads starting from zero. They also offer corporate and institutional accounts, with a dedicated business account manager who can prepare a bespoke service package catered to your needs. Many years of experience within the trading industry has made IronFX experts at delivering flexible, bespoke and multifaceted trading platforms. Through exceeding client’s expectations and setting the bar so high, the broker has been rewarded with numerous awards for their innovative and advanced trading platforms.
Opening an Account
His contributions play a crucial role in the company’s success, ensuring efficiency and effectiveness across different departments. Prior to his role at Benzinga, Luke has held positions that have honed his skills in leadership and strategic decision-making. IronFX supports mobile trading via the MetaTrader 4 (MT4) mobile app. This platform has most of the features of the MT4 desktop software, and it works on both Android and iOS mobile devices and tablets. The company’s current promotions include its Iron Worlds Championship live trading competition held from mid-June 2021 until mid-December 2021.
- The level of risk you choose should be determined by your risk appetite and trading style.
- IronFX offers a great fit for traders at low to medium skill levels, with flexible account types that suit many investment and trading styles.
- I thus determined that fixed/floating spread accounts are better suited for beginners looking for extra protection.
- All content is researched, fact-checked, and edited by our research team and all ratings and rankings are based on the team’s in-depth product testing.
IronFX commissions and fees summary
IronFX also has its proprietary app, which surpasses MT4’s equivalent in functionality. Client security is a key aspect of the groups philosophy with client funds being held in segregated accounts in accordance with strict policies and procedures, separate from their own funds. Each clients account is provided with a unique code which is used to ensure that the funds are only for the funding purposes. 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. Going beyond daily operations, they engage with local communities, assisting in medical research and education.
How do I open an account with IronFX?
Traders are in fact speculating on the rising or falling prices of currencies through CFDs. If traders are correct in their speculation that one currency would ultimately have a higher value than the other and this is indeed the case, they will generate revenue. Do you want to experiment with the basic items of consumption of the worldwide economy? https://limefx.biz/ A wide list of commodity CFDs to choose from is offered by IronFX at your disposal. Dive deeper into natural resources and discover how Crude Oil, Coffee and Sugar can help you diversify your portfolio and make it as dynamic as possible. Joey Shadeck is the Content Strategist and Research Analyst for BrokerNotes.co and ForexBrokers.com.
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. IronFX could be a good starting broker for new and intermediate retail traders, although more professional traders might look for limefx reviews a broker with additional research resources and assets. Forex market hours are flexible and allow traders to trade currencies 24 hours a day, five days a week, except weekends. Taking advantage of this unique feature, when one market closes, another remains open, increasing therefore the liquidity available in currency markets.
Tradable Instruments
In general, IronFX’s offering is slightly more competitive than the industry average. Traders can choose between commission-free, swap-free accounts and accounts with low floating spreads. The broker is notable for its balanced selection of tradable instruments, including CFD on forex pairs, commodities, shares, indices, and futures. IronFX offers seven retail account types and typically features low-to-medium cost structures. It also provides a comprehensive range of research and educational materials. This allows you to trade indices on various markets across the globe with deep market liquidity and easy to use trading platforms.
Keep in mind that the dealing spreads above refer to normal market conditions. The spreads can widen considerably in fast or highly volatile markets. The products listed above represent only a partial list of the more than 300 CFDs, futures and other assets that you can trade at IronFX. Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights in the commission-free Absolute Zero account. I rank trading costs among the most defining aspects when evaluating a broker, as they directly impact profitability. Low trading fees and quality education for beginners from an industry leader.
With an average recommendation, it provides essential trading tools and a variety of tradeable instruments but does not stand out significantly from its competitors. 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. So let’s get on with sharing the details, and you’ll be in a much better position to decide. IronFX provides traders 83 currency pairs (e.g., EUR/USD) compared to Лайм ФХ’s 61 available pairs.
They provide no guaranteed stop-losses but negative balance protection is now mandated under ESMA rules. Secondary security features are unimpressive, with standard encryption at the website and no two-tier platform authentication beyond Metatrader’s one-time passwords (OTP). The broker’s account diversity is impressive, with a tiered structure that includes floating vs. fixed and commission vs. no commission fee schedules.
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. And Ireland clients can also place spread bets, although the costs are not fully disclosed.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.35% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. IronFX is a globally recognised award-winning CFD broker offering a great range of trading products and services to retail traders and institutional investors. The broker has a good choice of over 300 tradable assets, a variety of account types, spreads from as low as 0.0 pips and excellent support in over 30 languages. IronFX offers access to trade a decent amount of around 300 trading instruments across multiple markets including Forex, Commodities, Futures, Stocks, Shares, Indices, Metals, Energies & CFDs.