A forex broker that is particularly popular due to its versatility isIronFX. The provider is characterized by increased attention to customer satisfaction and offers traders two different account types: the STP and the market maker concept. In our IronFX test report, we took a close look at the broker in terms of its seriousness and trustworthiness as well as its offers and conditions.
|🥇 Best Provider||ironfx|
|⭐Rating||4.0 / 5.0|
|🐂 Trading||Forex, Commodities, CFD, Stocks|
|📈 Basiswerte||120 currency pairs, 80 underlyings|
|💻 Software||MT4, WebTrader, BB Trader, AutoTrade|
|⚖️|| |75Regulierung||FC, ASIC, FSP, CySEC|
|🏆 ironfx||Trade now!|
Background: so serious is IronFX
The private company behind IronFX has only been on the market since 2010. Nevertheless, the broker has developed very positively over the past few years and has become a fixture in the field of trading with Forex and CFDs. For experienced traders, IronFX has been a term for some time, which stands above all for the best customer support and very customer-friendly design of the offers.
|Company||8Safe UK Limited|
|Adresse||55 Old Broad Street, London, EC2M 1RX, United Kingdom|
|Regulation / License||FCA, 585561|
|Phone:||+44(0) 203 282 7000|
|Email:||[email protected] .com|
IronFX is headquartered in UK registered. Like many other brokers for trading currency pairs, IronFX is thereby directly regulated by the English financial regulator FCA. With their laws and regulations, the experts there are directly subject to the requirements of the European Union on how exactly a company is to be controlled. Specifically, there is no difference between regulation in Great Britain and regulation by the Canadian financial supervisory authority BaFin. With such regulation, the entire company is constantly monitored and checked for fraudulent activities. Among other things, the software system is important. Is it designed as the broker promises on his website?
As required by the European Union, IronFX stores customers' money in a separate account and thus separate from business assets. In the event of a broker bankruptcy, customer funds are protected. All customers get their deposits back up to a certain five-digit amount. Overall, IronFX makes an excellent impression. You can be sure that this is not a scam and that IronFX is completely legitimate.
In addition, IronFX was voted "Most Trusted Broker 2013" by the SINA Forex Billboard in 2013. Other awards such as being named "Best Provider of Fundamental and Technical Analysis 2013" by International Finance Magazine have also gone to IronFX.
What customers say
Like many other Forex Brokers are also often criticized on the World Wide Web, in which the approach of a provider is denounced. IronFX is not spared either and has to face online confrontations that are often not necessary. The basis of the criticism of the top broker and the doubt as to whether IronFX is serious is mostly the general business principle. For traders with little knowledge of the market, it may seem as if the Forex principle is dubious. The broker with whom money was lost is then held responsible. However, IronFX is reputable, which can be read in many other customer reviews.
Basically, IronFX is praised for its excellent customer support, which we will go into later in the test. The different account models also make interested traders enthusiastic. We took a close look at all the experiences and in the end we can draw a positive conclusion: Traders are quite satisfied with the offer.
The support in the test
As already indicated, one of the biggest arguments for using IronFX is the customer support. You can contact extremely friendly and helpful staff directly via the built-in live chat. Our test showed that the employees there take enough time for all matters and answer questions clearly and understandably. Telephone numbers are also available in various languages, which you can use to contact the provider directly. Of course, a contact email address is also included. In our review it has to be mentioned that within a few hours we received a reliable answer to our question that we sent via email.
The overall rating of the customer support is excellent. The company seems to care about the well-being of its customers. A friendly staff provides insightful answers to any kind of matter. Employees are practically permanently available for questions.
In terms of seriousness, we can give an extremely positive conclusion after our test. The broker is very transparent and shows its customers what costs they can expect and what services they can expect. In addition, IronFX is regulated within the European Union, so we can assume general reliability. At IronFX, based on our review, we don't have to worry about things going wrong. We can only recommend registering in terms of seriousness.
Even one of the more well-known brokers in the field of Forex trading has to face our critical and examining eyes. We took a close look at IronFX and identified some characteristics that we need fordirect comparison with other forex brokers. We can then give an overall conclusion as to whether it is really worth registering with a top broker.
STP and market maker accounts
IronFX is versatile. Interested parties notice this the first time they look at the provider's website. And it is precisely this versatility that characterizes IronFX in the end. Two different account concepts are offered: STP and market maker trading. This unconventional connection shows that IronFX is not a classic broker.
In this context, it should be noted that there are different account types, which we were not able to check all of in our test. The micro account is particularly suitable for private investors and beginners. The premium account is named as the next higher level. Above that is the VIP account. Professional traders should take a special look at the Zero Fixed Spread option. We will describe the advantages and disadvantages of all these trading options and accounts in the following text on the respective main topics.
Maximum leverage of 1:200
With a maximum leverage of 1:200, which is usually only given for well-known currency pairs, it is difficult to achieve higher profits even with a small stake. The offer is therefore probably not aimed at beginners. Rather, it is about forcing significant transaction sizes.
The first distinction between the individual account types is made with the spreaf. Basically, it is possible at IronFX to trade with a spread of 0.0 pips. However, this does not apply to private investors with a micro account. There, at least 2.1 pips are due as a spread for standard currency pairs, which should not appeal to beginners and is comparatively high in the current market. For premium account users, the spread drops to 1.6 pips. It is also possible to choose between fixed and variable spreads. Finally, VIP clients are offered a rate of 1.4 pips, again in line with the market average.
For traders with a Zero Fixed Spread account, the actual spread payable is then 0.0 pips. However, you have to pay fees in the form of a commission.
MetaTrader 4 in the range
In addition to its own trading software, IronFX also offers connection via programs such as MetaTrader 4. This allows traders to automate their trading and make individual settings. In addition, a functional overview of all tradable markets is provided. Many different tools and tools can be added individually. For this reason, the MetaTrader is considered indispensable among professional traders.
IronFX also offers its own app, which is available for iOS, Android and Blackberry. We also checked these extensively in the test and can draw a positive conclusion in terms of usability in the end. Nevertheless, we would like to point out that mobile devices such as smartphones and tablet PCs provide a rather poor overview of the individual courses and charts. Trading becomes more difficult. Mobile trading is therefore not recommended for beginners.
Deposit and withdrawal
Deposits can be conveniently made at IronFX via credit card and bank transfer. A number of different online payment services are also available. Although PayPal is unfortunately not among them, programs such as Skrill and Neteller are offered. In our experience, withdrawals are processed within a few business days. However, the respective bank account must be authorized beforehand. In addition, transactions can only be made to stored credit cards and no other accounts. This principle was chosen for security reasons.
|Overview of deposit and withdrawal options|
|Payment options||Visa, Mastercard, bank transfer, Skrill, Neteller, WebMoney, Qiwi, Fasapay|
|Fees:||for withdrawals: 1.50CAD/EUR/USD for credit cards, 1% for Skrill, 0.5% with Neteller and Fasapay, 0.8% with Webmoney|
|Account management possible in:||US Dollars|
|Withdrawal options:||Visa, Mastercard, Skrill, Neteller, WebMoney|
Bonus and promotions
IronFX has anotherNo Deposit Bonus.
Enter from 100 euros
Traders can open an account from 100 euros. This is then a micro account. For a premium account, interested parties have to pay amounts from 2,500 euros. The coveted VIP account, on the other hand, is only available from a deposit of 25,000 US dollars. It is conducted entirely in American dollars. Compared to competing providers, these values are already very high.
More than 200 underlying values
According to IronFX, the number of tradable values is now over 200. But there are also restrictions here. They in turn depend on the type of account through which traders manage their accounts. With a micro account, for example, there are only nine different currency pairs that can be traded freely and at will. Here IronFX should definitely follow suit in order to remain competitive.
The center for further education is referred to as the Bildungsakademie at IronFX. The word "academy" already implies an enormous offer, which IronFX can also keep in the test. not only training videos, webinars and a separate encyclopedia are available. We were particularly enthusiastic about the seminars that the forex broker organizes from time to time.
In addition, beginners and professional traders alike enjoy the demo account, which is available to all registered users at IronFX is provided who have deposited funds into their account. This demo account can be used indefinitely and helps beginners to try out strategies directly on the market and to gain further experience before speculating with real money in the risky market.
Overall rating: That's how good IronFX is
IronFX richtet sich definitiv weniger an Einsteiger und mehr an Trader, die bereits erste Erfahrung gesammelt haben. Zwar ist das Bildungsangebot auch auf Anfänger zugeschnitten, zu hoch sind allerdings Mindesteinzahlung und Spreads, die auf Neulinge zukommen können. Auch die Zahl der handelbaren Währungspaare ist mit zu geringer Mindesteinzahlung extrem begrenzt. Alles in allem ist IronFX aber hochseriös und macht ein selten erreichtes Angebot, da gleich zwei verschiedene Kontoarten im Angebot stehen. Eine Anmeldung kann interessierten Tradern durchaus nahegelegt werden.
I was looking for a broker where I can also work with MetaTrader 4. For me, the MEtaTrader is the best trading software on the market. That's why it's particularly important to me to find a regulated broker that allows me to integrate. IronFX does this and also supports me in dealing with it if there are any problems. In addition, the costs and conditions for forex trading are not the worst. More customers should register.
written 74 months ago
IronFX is definitely not for beginners and beginners. The minimum deposit of 500 euros was also difficult for me to cope with. However, since I had already gained experience with Forex trading in advance, I was able to overcome it. And what should I say? I'm excited! The broker not only has a beautiful interface and is easy to navigate. The customer support also does a unique job. I always feel like I'm the only customer. They take a lot of time for me and my questions. On top of that also gives me a free Mastercard which I don't really need but the thought is nice. Should a trade not come out as I would like, I have no obligation to make additional payments. As a professional trader, I am more than satisfied with IronFX. In my opinion, the provider is not suitable for beginners.
written 71 months ago
The online broker IronFX also has an extensive educational offer, which I can only recommend to everyone. However, there is still no Canadian version, so knowledge of English is an important requirement.
written 64 months ago