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It’s a simple version of MT4, suitable for trading newbies. I tried with card and other means and still they rejected my withdrawal. And I contacted them since Dec 23rd 2022 up till Jan 4th 2023, and there is no help. Besides everything mentioned above, we’ve got official authority warnings regarding the IronFX broker.
At least I shut down the ironfx Australian office like I told them that I would do. Please read IronFx reviews below before investing with this broker and share your own live trading experiences with your fellow traders. I am really impressed with the variety of accounts and think it is very advantageous how you can choose depending on what matters the most to you, whether that be low spreads or no commission fee. I would personally be looking at the zero spread account as I use trading strategies that rely on low spreads at all times. I don’t mind paying the small commission fee as the broker needs to cover costs somehow.
Demo account
Of course, this broker’s trading conditions and platform are at a high level. But I was impressed by the awards this broker has received for its activities. For example the comprehensive education section is not trivial among even renowned forex brokers.
Secondary security features are unimpressive, with standard encryption at the website and no two-tier platform authentication beyond Metatrader’s one-time passwords . IronFX received a high score in the Deposit and Withdrawal category in our rating. The company provides a sufficient number of deposit and withdrawal options. There are no fees for deposits and withdrawals, except for fees for bank wires under $300. There are plenty of base currencies to choose from, which is good for clients. Clients are supported in over 30 languages, 24/5, and can access their personal trading account from MT4 on desktop or trade on the go.
IronFX also offers a virtual private server that provides enhanced connection speed, continuous uptime and added security. IronFX supports mobile trading via the MetaTrader 4 mobile app. This platform has most of the features of the MT4 desktop software, and it https://limefx.group/ works on both Android and iOS mobile devices and tablets. IronFX provides support via online chat, phone, and e-mail. IronFX received a high score for Customer Support in our rating due to professional and timely responses and multiple supported languages.
- We are happy to hear that your overall experience with us was a good one.
- The only drawback of this broker is that it doesn’t support PayPal for deposit or withdrawal.
- CFDs are leveraged products and as such loses may be more than the initial invested capital.
- 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.
Besides, a small commission is also charged by IronFX for certain types of trading. IronFX trading platform choice is quite alright compared to everything else. IronFX is a worldwide trading brand with several licenses.
They have this Financial News section…
In our tests for the Trust category, we also cover factors relating to stability and transparency. Here, we focused on how long the broker has been in business, the size of the company, and how transparent they are in terms of information being readily available. Notesco Limited is a company registered in Bermuda and is unregulated. While we adhere to strict editorial integrity, this page may refer to our partners’ products.
IronFX clients can deposit and withdraw money from their accounts via Visa, Mastercard, China Union Pay, Wire Transfer, Bitwallet, FasaPay, Digital Assets, Iron FX Card, Perfect Money, and PaySafe Card. You may discover that there are hidden fees, or that withdrawal times are longer than you anticipated. We check these factors and others so you know what to expect when trading with this broker. IronFX also provides access to cryptocurrency pairs, including rather exotic options like XRP/JPY and ETH/GBP. 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.
Besides, it also protects the trader’s funds under Financial Services Compensation Scheme in UK and Investor Compensation Scheme in Cyprus. Besides, they also arrange trading competitions to attract and motivate the FX traders. For instance, IronFX arranged the biggest competition in the industry in 2013 where the grand winner was awarded by a super car or $1,50,000 in cash. So, if you’ve no PC or Mac, or if you remain busy in outside most of the time, you will have no problems because only a smart phone is quite enough to manage and analyze your trades.
The broker is mostlly positive for me
Live Zero Fixed Spread – Zero commission account with spreads fixed at 0. Credit/Debit Cards– Visa, Mastercard and Maestro credit/debit cards are accepted with no fees for deposits and a withdrawal fee of up to EUR 1.5 per transaction. The maximum transaction amount for credit/debit cards is USD 50,000. IronFX has the advantage of being run by a group of financial professionals that bring many years of experience to the table.
But if you consider the whole reputation in a nutshell, you’ll get positive feedback few times than the negatives. Crypto trading is impossible, while the company offers CFDs on currency pairs, commodities, indices, and shares. With each type, the spread is lowering, while on the offshore website, all accounts can be swap-free. However, the minimum deposit is not specified for any accounts, which is odd for a regulated brokerage house. Affordable trading conditions and wide list of tradeable products makes this company a nice broker to trade.
IronFX offers a variety of trading accounts to meet the different needs and style of trading. Traders can choose between Live and STP/ECN trading limefx forex broker accounts. The spread is fixed at zero in the Live Zero Fixed Spread account and spreads start from zero in the STP/ECN Absolute Zero.
Trading Instruments
IronFX has closed down operations in China, Russia, and Nigeria in recent years, focusing client development in more traditional venues. All information on 55brokers.com is only published for general information purposes. We do not present any LimeFx advice or guarantees for the accuracy and reliability of the information. The currencies in which you can deposit depend on the payment method you chose. The main currencies, which are covered, are USD, EUR, GBP, AUD, JPY, CHF, PLN, RUB, and HUF.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. The broker provides traders with access to the global financial markets through popular trading platforms, including the industry standard MetaTrader 4 and WebTrader. Also, traders can benefit from fast and reliable execution with VPS Hosting.
Some options depend on the geographic location and account type. We are sorry to hear that you have had a negative experience with our withdrawal process. Please know that our withdrawal process is designed to ensure the safety and security of our clients’ funds. We follow strict guidelines and regulatory requirements to protect both our clients and our company from any fraudulent activities. However, we do understand that the process may take longer than expected, especially in cases where additional verification may be required.
I’m impressed by how much they can lower the spreads and swaps even for a 50k LimeFx. We’re sorry to hear about the negative experience you had with IronFX. We take all customer feedback seriously and are committed to ensuring that our clients receive the best possible service.
This can be vital if there is a scenario where there is some major market news that I need to try and capitalise on. If that was the case, I wouldn’t want to be waiting around for days whilst a bank transfer clears. Thank you for taking the time to share your positive experience with IronFX. We are thrilled to hear that you found our ECN account conditions to be pleasant and that our STP execution provided you with a great trading experience. In addition as a regulated broker of the UK’s FCA and CySEC, traders’ funds are further protected under the Financial Services Compensation Scheme in the UK and Investor Compensation Scheme in Cyprus. For the former scheme, traders are covered up to a maximum amount of 50,000 pounds whereas for the latter, the maximum amount of compensation is 20,000 euros.
Another trading platform offered by IronFX is its Webtrader 4 web-based trading platform that was developed in house. In terms of the trading conditions on offer, IronFX currently boasts around two hundred tradable instruments across six asset classes. In recent years, IronFX announced a cryptocurrency tie-up with EmurgoHK, although it has yet to be implemented and officially launched. Metatrader 4 and 5 for Android, iOS, and Windows Mobile provide easy integration with desktop and tablet versions. They also offer the free IronFX Research app, which has no trading functions. Metatrader 5 adds important features lacking in the older version but retains frustrating aspects of this industry-standard software, including weak customization and limited conditional orders.
IronFX EU Reviews
That’s why at IronFX, we are dedicated to providing our clients with the resources and support they need to succeed in their trading. We believe that education is the key to success in trading, and we are committed to providing our clients with the tools they need to make informed decisions about their LimeFxs. IronFX offers two demo accounts, the Demo Floating Spread and the Demo STP/ECN Absolute Zero.