IronFX Review: Scam or Legit?

Negative balance protection means that clients cannot lose more money than they have in their accounts. All entities hold clients’ accounts segregated from the firm’s accounts, which means that clients’ funds are safe in case the broker has financial problems. It should be noted that most global clients will likely open an account with Notesco Limited, which is an unregulated company registered in Bermuda. Despite the fact that IronFX received a below-average score in the Education category, beginner traders would benefit from the educational webinars available in multiple languages. Includes finance, company, breaking news, financial and economic news, plus insight and analysis into UK and global markets.

It is available on PC, MAC, Mobile, Tablets as well as web version which provides three trade execution modes . In addition, several technical indicators and various Expert Advisors as well as advance charting package are available by using this platform. They not only provide quick withdrawals, but they also provide me with several trade benefits. They keep me up to date on the newest news so I know what’s going on in the market and which stocks to invest in!

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. The brokers website has some helpful widgets such as a currency convertor, pip calculator, margin calculator, profit calculator and trading hours.

Just make sure you check beforehand any costs you will incur. Trading accounts can be opened in a generous range of currencies which are USD, EUR, GBP, AUD, JPY, CHF, PLN, RUB, HUF & CZK. The various different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency. They could improve by adding some crypto payment options like Hugo’s Way. IronFX does not offer trading services to residents of certain jurisdictions including USA, Iran, Cuba, Sudan, Syria and North Korea. If your country is not accepted, please feel free to take a look at our broker comparison tool for alternative options.

unable withdraw my fund back.

In addition to EU regulation through the Cyprus Securities and Exchange Commission , they are licensed as a registered LimeFx firm in the United Kingdom, Australia, and South Africa. IronFX has closed down operations in China, Russia, and Nigeria in recent years, focusing client development in more traditional venues. 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.

Or international phone number, forcing potential charges for calls made to Cyprus or other satellite offices. IronFX Academy provides impressive educational features for smaller and less-skilled traders. The portal would benefit from more advanced topics but the narrow focus on newer traders makes sense as a marketing tool. A webinar section was locked, leading to a live account application, while the seminar section contained just two non-English programs in MP4 format. IronFX offers Metatrader 4 and 5 but no dedicated or proprietary trading platform. Social and copy trading options are limited, with no dedicated third-party platform.

There are no withdrawal fees for all options except for wire transfers under $300, but clients’ payment providers may charge such fees. We have contacted IronFX customer support several times through the online chat. We asked about deposit and withdrawal methods, as well as about the amount of the minimum deposit. The support team reacted quickly, and their answers were clear and professional.

IronFX Regulations

IronFX offers a demo account so you can try the IronFX platform with virtual trading before you put down a payment. The demo account is a great opportunity to practice strategies and become familiar with the platform with their demo account option. Here are numerous misleads that in fact show the story from another side. The company changed its registered corporate name to Notesco Financial Services, which causes regulation questioning along with other existing issues. Traders can fund their accounts using a variety of ways listed on the broker’s website, including Mastercard, e-wallet, Visa card, and wire transfer.

• Overall my experience was fine and my review is here just to provide context.
• IronFX received a below-average score in the Fees category in our rating.
• They will tell you that you are investing in the licensed version in your country such as Ironfx.com.au in Australia, but they will put you into Ironfx.com which has no license.
• In our tests for the Trust category, we also cover factors relating to stability and transparency.
• Most of these accounts are spread-based, so traders will not have to pay a commission.
• It should be noted that IronFX offers a high number of minor and exotic forex pairs.

People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. Furthermore, IronFX gives the opportunity for Money Managers and Professional Traders to use the Personal Multi-Account Manager and be able to trade on multiple Mt4 accounts simultaneously. IronFX offers 6 trading product types and 10 Trading Platforms. IronFX research and strategy team prepares daily reports covering fundamental and technical analysis, overviews of the world economies and the financial calendar of economic announcements.

Fees

The broker will ask you to fill in the account details and features you want in your account on the next page. You must provide personal information such as your first and last name, email address, country code, phone number, and password. Comparebrokers.co needs to review the security of your connection before proceeding.

You can trade spot metals with no currency exposure, some of the most competitive spreads and industry leading trading conditions. The broker is regulated in multiple jurisdictions by some top-tier regulators. This means that they must comply with stringent national and international regulatory authorities and demonstrates their commitment to maintaining high business standards and ethics. Trading with a regulated broker can give clients confidence peace of mind that they have full security, by using a company that operates with the upmost transparency and integrity.

Platforms are where you trade, so they must be secure, fast, and accessible while offering you the tools you need to succeed. Each broker’s desktop, web, and mobile platforms are evaluated according to the order types, speed of execution, https://limefx.club/ ease of use, and other ‘need to know’ features. We test the broker’s platforms and examine commissions, spreads, and overnight fees to ensure that you can determine if trading with this broker is worth your time and money.

These widgets can help you with risk management and calculating fees. I found them a pleasure to use and they saved me time from manually doing some repetitive calculations. They take a customer focused approach and are committed to providing the highest standard of services with full transparency to clients.

Can’t see your question? Ask to get answers from the IronFX staff and other customers.

You can trade on the most popular and reliable trading platform, MetaTrader4 , with IronFX. In addition, the broker’s learning and research center has multiple tools and resources for the convenience of clients. IronFX clients can choose between floating/fixed spread Standard, Premium, and VIP accounts. Live Zero Fixed Spread account offers zero spreads, but traders will have to pay a commission. MT4 is perhaps the most popular online trading platform that is used by millions of traders across the world of all experience levels.

IronFX Review Conclusion

For withdrawal, however, traders have to inform the broker in advance. They can write them online through an application and then have the withdrawal of funds. When we talk about the services and facilities that traders can benefit from with IronFX, then, in that aspect, it’s an excellent choice. The best trading features and several trading opportunities in various trading instruments make it the best.

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This broker has been running their operation since 2010 and tons of online traders are making their trades with full trust. Although you may find some scam reports, it is obvious because limefx forex broker giving financial service to millions of people is not so easy. But if you consider the whole reputation in a nutshell, you’ll get positive feedback few times than the negatives.

In this section, we check the broker’s market offering and how varied the instruments and asset classes are. It will allow you to check if they offer what you’re looking for and what you can trade. Available time frames include 1 minute, 5 minutes, 15 minutes, 30 minutes, 1 hour, 4 hours, daily, weekly, and monthly.

Educating yourself on how to trade the financial markets can make the difference between success and failure. We check the educational content provided by the broker, its quality and suitability for beginners and advanced traders. 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 free IronFX Research app allows clients to look at stock market data, financial viewpoints, and videos in an easy-to-use format. However, stale and outdated information undermines the app’s limefx review enormous potential, with the most recent entries going back several years in some cases. The “Live Economic News” showed up to date reports, but “Live Currency Quotes” produced a dead link.