IronFX is a forex broker founded in 2010 with headquarters based in Cyprus. It provides trading services in over one hundred an eighty countries in the world. The broker has really propelled itself to become a reliable and quality provider of trading brokerage services within the international financial markets.
IronFX customers/traders have access to a variety of trading instruments in various markets; spots, forex and spot metal. The broker also provides its clients with access to stock news and financial analysis so that the clients gets all the necessary information required to make the necessary trading decisions. Better still, the IronFX broker has an official partnership with FC Barcelona football club.
The broker has to date won a number of international awards. These awards include the Best Mobile Platform 2014 award, the Best Forex Broker award and the Outstanding Contribution to the FX Industry award.
Trading Accounts Offered By Ironfx
Since IronFX provides services for both the retail and institutional traders, the broker has trading accounts that are designed to meet the specific needs of each of their client.
For the retail traders, ther are three types of accounts; the micro account, the standard account and the VIP account.
- Micro account
For a trader to open a Micro account, he or she must have a minimum deposit of $500. The base currency of this account can either be USD, AUD, EUR, PLN, JPY, CHF, CZK, HUF, RUB or GBP. With this account, traders can trade using micro lots. They also have the liberty to choose from a fixed or a variable spread. The trader will also be entitled to a dedicated account manager 24/7.
This account type also has a Leverage from 1:1 up to 1:500.
- Premium account
The Premium account type needs a minimum deposit of $2,500. In addition to all the features of the micro account, traders who choose to open this type of account, can easily access the hotline.
- VIP account
For a trader to open a VIP acount, he or she will require minimum deposit of $20,000.
The primary difference between this account and the other types of accounts is that the VIP account can only be opened in US dollars as the base currency.
Apart from the standard account types, IronFX also offers two STP/ECN accounts; the 0 pips ECN account and the flexible spread ECN account. These ECN accounts have a flexible leverage which range from 1:1 to 1:200.
These two STP/ECN accounts gives traders a direct access to deep liquidity interbank market prices. Their spreads starts from as low as 0 pips. With the ECN accounts, the traders can pick between STP No Commission and STP Zero Spread account.
- 0 pip IronFX ECN account
The Zero-Fixed Spread Account provides no spreads and it gives a direct access to trade.
- Flexible Spread IronFX ECN account
This account have spreads that vary with the liquidity markets. However, the spreads are smaller compared to those of the standard accounts.
For the institutional traders who wish to trade with IronFX, there are 4 different Institutional accounts. These provides traders with immediate access to the IronFX’s fifteen market-leading trading platforms which include the MT4 and MT5 Trader, the Personal Multi-Account Manager, the IronFX MultiTerminal, the IronFX WebTrader and mobile trading applications.
The spreads of the institutional accounts starts from as low as 0.9 pips for the Live accounts and as low as 2.2 pips for the affiliate STP accounts.
Apart from the real trading accounts, IronFX also provides a demo trading account. There are competitions associated with the demo.account, where traders can win real money.
IronFX offers a variety of different bonuses and promotions to its customers to help boost their trading moral.
Their most appealing bonus is the Double Bonus which includes a 100% sharing bonus. Also, in their other spectacular promotion offer, traders with a demo account can enroll in a number of monthly competitions and win themselves cash prizes worth up to $30,000. The awards in these competitions at times may not be money, but rather equivalents like trips.
Through the IronFX Deposit & Trade Program both the existing and new clients have the opportunity to win a free iPad Mini3, iPhone6 or iPad Air2, depending on the transaction amount of the trader.
In addition, the IronFX Global also provides free VPS hosting to its new as well as existing clients who deposit a minimum of $5,000 and maintain a minimum balance of $5,000. The VPS Hosting allows the traders to execute orders 24/5 so as to take benefit from the special market conditions that are in most cases not available because of the variations of the time zones and the trader’s geographical location.
The IronFX allows depositing of funds into the trading accounts to be done through credit cards, bank wire, Skrill, WebMoney, Qiwi and Neteller. Withdrawals are also done using the same methods as the deposits.
IronFX broker is among the few brokers in the world who are authorised to tran
sact its businesses in the United States. They therefore allow cash deposits from traders located in the United States of America as opposed to most of its competitors. Therefore, USA traders should feel free to trade with this broker.
Customer Support Information
IronFX broker has a qualified customer support team which is always on standby to provide professional services at any time of the day. The customer support team can provide its services in more than 45 languages.
There are also personal managers who work in over sixty offices around the world. They are committed to ensuring that the traders get the full assistant they require when trading. It also acts as a very good offer for newbies since they will have an expert to turn to for advise.
The broker provides trading services to both the retail and the institutional traders. It provides favorable trading conditions the two.