Home » Top Forex Brokers 2024 » IronFX
Last Updated: A Quick Summary of IronFX
🕵 Broker Type | ECN, STP |
📌 Regulated | CySEC (Cyprus), FCA (United Kingdom) |
💰 Min Deposit | $10 |
💹 EUR/USD Spread | 0.7 Pip |
📈 Demo Account | Yes |
💱 Base Currencies | AUD, CAD, CHF, EUR, GBP, HKD, NZD, PLN, SGD, TRY, USD, ZAR |
📊 Platforms | MT4, Mobile, Web |
💎 Assets | Commodities, Energies, Indices, Forex, Futures, Metals, Stock CFDs |
📉 Hedging Allowed | Yes |
IronFX Broker Details
Broker Contacts
Company Profile
Company Name
Notesco Financial Services Limited
Notesco Financial Services Limited
Year Founded
2010
2010
Headquarter
Nicosia, Cyprus
Nicosia, Cyprus
Regulated
CySEC (Cyprus), FCA (United Kingdom)
CySEC (Cyprus), FCA (United Kingdom)
Countries Not Accepted
Cuba (CU), Iran (IR), North Korea (KP), Sudan (SD), Syria (SY), United States (US)
Cuba (CU), Iran (IR), North Korea (KP), Sudan (SD), Syria (SY), United States (US)
Broker Type
Electronic Communication Network (ECN), Straight Through Processing (STP)
Electronic Communication Network (ECN), Straight Through Processing (STP)
Trading Conditions
Demo Account: Yes
Minimum Deposit: $10
Minimum Withdrawal: $10
Maximum Leverage: 1:30
Average Spread EUR/USD: 0.7
Pip
EA/Robotrading: Yes
Base Currency: AUD, CAD, CHF, EUR, GBP, HKD, NZD, PLN, SGD, TRY, USD, ZAR
Hedging Allowed: Yes
Scalping Allowed: Yes
Negative Balance Protection: Yes
Swap Free/Islamic Account: Yes
Social Copy Trading: Yes
Available Trading Instruments
Commodities CFDs, Energies CFDs, Equity Indices CFDs, Forex Pairs CFDs, Futures CFDS, Precious Metals CFDs, Stock CFDs
Commodities CFDs, Energies CFDs, Equity Indices CFDs, Forex Pairs CFDs, Futures CFDS, Precious Metals CFDs, Stock CFDs
Available Payment Processors
Bank Cards, Bank Wire, Maestro, Mastercard, Neteller, Skrill, VISA
Bank Cards, Bank Wire, Maestro, Mastercard, Neteller, Skrill, VISA
Available Trading Platforms
MetaTrader 4 (MT4), Mobile Platform, Web Platform
MetaTrader 4 (MT4), Mobile Platform, Web Platform
There are pretty cheap administrational swap fees and thanks to this I can hold my swing positions for a long time. Their trading platform is better than others that I have used before.
I decided to pick the fixed Standard acc just because it seems safer to me. I’m trying to learn the times of volatility and I don’t wante to be wiped off by some news or unexpected market event. Fixed spreads are more reliable in my case.
I couldn’t understand what documents I needed to provide for a verification of a trading account. Then I reached out to the customer service and they were glad to help me and the problem was settled.
One of my old friends who has been cooperating with this company for over 4 years recommended IronFx to me IronFx. I trust advice from my good friends and it is my first broker in my trading career.
I chose the acocnut with fixed spreads, specifically the Standard one. I think STP/ECN accounts are for more advanced traders and I am not one, at least at this moment.
Fixed spreads have one big advantage as for me, they are not widening much during the important news so I can trade my news strategy.
Fortunately Ironfx doesn’t restrict all those types of strategies. Actually I think I can use any type of startegy here, I just need to pick the appropriate account and that’s it. Very cool
STP absolute zero account is actually awesome. I mean where can you get the account with zero spreads (almost) and zero commissions (literally).
The list of instruments is constrained as well as leverage but you have to sacrifice something. And it’s not even a sacrifice for me. Fx and metals are here, so let’s get rollin!