Broker's Overview

  • Minimum Deposit$50
  • Deposit BonusUp to 10,000 euro/pounds/dollar FTD bonus
  • Type of PlatformLCG Trader, MT4
  • Maximum Leverage1:1000
  • RegulationFCA(UK), BM(Bermuda),Cysec(Cyprus)

IronFX Review 2023


IronFX is a global multi-asset CFDs broker and is part of the IronFX Group which includes several

entities authorised and regulated by the FCA (UK), CySEC (Cyprus) and the FSCA (South Africa).

Please note that the information in this review refers to the entity Notesco Limited registered in

Bermuda with registration number 51491.

The broker offers access to a range of more than 500 trading instruments across six asset classes: forex, metals, futures, commodities, shares, and indices. IronFX provides exceptional trading conditions with tightspreads and flexible leverage.

With competitive pricing, efficient and user-friendly trading platforms, and advanced tools and tailored materials, IronFX is a great choice for beginner and professional traders.

Let’s take a closer look at what this multi-asset broker has
to offer:

Flexible Leverage

IronFX offers flexible leverage up to 1:1000 allowing traders to take larger positions. IronFX’s leverage is significantly higher than other brokers.

Leverage can be adjusted accordingly to meet the specific needs of traders, giving them greater control over their trading strategies. While leverage may allow traders to increase their profits, they may also incur higher losses if the market moves against them.

Negative Balance Protection

IronFX has a negative balance protection policy in place. This ensures that the margin balance of their traders will never go below zero, guaranteeing that traders will not incur additional debts in the event of losing trades.

Products and Services


IronFX offers 500+ financial instruments across 6 asset
• Forex
• Metals
• Futures
• Commodities
• Shares
• Indices

Trading Platforms

IronFX provides a range of trading platforms. Traders can trade forex through the industry leading MetaTrader 4 (MT4) platform which is available for Windows, macOs and Android, or via Webtrader on any device, directly from an internet browser.

The popular MT4 trading platform has a user-friendly interface and an array of comprehensive functionalities. Traders can access the platform on their desktop or laptop computers, on their iOS or Android device or online via the MT4 WebTrader. The MT4 platform is equipped with various technical indicators, including oscillators, trend lines, and moving averages, providing traders with valuable market insights and helping them identify trading opportunities.

Additionally, the MT4 platform also provides one-click trading, which allows traders to execute orders with just one click. This not only saves time but also enhances
trading efficiency.

A Web Trader app, IronFX mobile trading app, TradeCopier, VPS Hosting and PMAM are also available.

Trading Accounts

IronFX offers a variety of trading accounts to meet the different needs and style of trading. Traders can choose between Live Floating/Live Fixed Spreads and STP/ECN trading accounts. Most accounts have zero commission. The spread is fixed at 0 in the Live Zero Fixed Spread account and spreads start
from 0 in the STP/ECN Zero Spread account.


Account type Description
Standard Floating spread from 1.6 fixed to 2. Flexible leverage up to 1:1000. Minimum lot size 0.01. No commission.

Premium Floating spread from 1.4 fixed to 1.8. Flexible leverage up to 1:1000. Minimum lot size 0.01. No commission

VIP Floating spread starts from 1.2 fixed to 1.6. Account available only in USD. Flexible leverage up to 1:1000. Minimum lot size 0.01. No commission

Zero Fixed Spread Trading with 0.01 lots available.
Spread is fixed at 0 pips. Account available only in USD and EUR. Leverage up to 1:500. Commission fee applicable.

No commission Account for experienced traders. Spread starts from 0.9 pips. Flexible leverage up to 1:500. Minimum lot size is 0.01. No commission.

Zero Spread Professional account. Minimum lot size is 0.01. Leverage is up to 1:500. Spread starts from 0 pips. Commission for each transaction.

Absolute Zero Account for professional trading. Available for USD, EUR, JPY only. Spread starts from 0 pips. Leverage is up to 1:200. No commission.

Deposit and Withdrawal Methods

IronFX provides a wide range of payment methods for deposits and withdrawals. Clients can use credit/debit cards, bank wire transfers, and e-wallets to make deposits and withdrawals.

The minimum deposit to open an account with IronFX is $100. The broker does not charge any extra fees for deposits. However, clients may have to pay third-party fees depending on their payment method.

While deposits and withdrawals are without fees, exceptions may apply as the bank or financial institution used for a transfer may charge a fee. Once a deposit has been completed, traders can start trading. Traders can request withdrawals via the Client Portal. They will receive their initial deposit via the initial payment method they used. Any additional funds (profits) will be transferred to their bank account. Both deposit and withdrawal processes are protected with the latest SSL encryption and other security technologies.

Fee Details

IronFX has a competitive fee structure, offering spreads as low as 0.04 pips (XAGEUR, XAGUSD).

Most of IronFX’s account types have zero commission. The spread tends to be fixed at zero in the Live Zero Fixed Spread account and spreads start from zero in
the STP/ECN Absolute Zero account.

The broker does not charge any fees for withdrawals and deposits, but clients may have to pay third-party fees for using certain payment methods.

The broker may apply a 3% ‘no trading’ fee when a trader has deposited and requested to withdraw funds without having ever placed a trade.

In addition, like other brokers, IronFX charges swap fees if the positions remain open overnight.

Spread fee details:
One of the biggest concerns for traders is how tight the spreads are, as wider spreads mean bigger costs for traders. IronFX offers some of the most competitive spreads in the industry starting from 0.04 pips, making it one of the most cost-effective brokers in the market.

Traders can trade over 500 trading instruments via CFDs and access a wide range of global financial markets. These include forex, metals, futures, commodities, shares, and indices. IronFX stands out as a great choice for trading as most of these instruments have tight spreads.

Swap fee information:
IronFX charges swap fees when traders leave their positions open overnight. For Islamic traders, the broker offers swap-free accounts.

The swap fee is a percentage of the underlying asset’s price and varies depending on the currency pair and other parameters.


IronFX provides its traders with comprehensive educational resources through IronFX Academy.

Free Forex eBooks cover a range of topics including trading strategies, fundamental and technical analysis and more.

Webinars offer traders a gateway to trading insights and trading strategies, suitable for both beginner and advanced traders.

Podcasts – the broker providesarange of forex podcasts to help traders start trading or expand their knowledge and sharpen their trading skills.

Courses ranging from the basics of forex or advanced topics such as technical and fundamental analysis.

Trading videos – educational and informative videos for both beginners and professional traders.

Trading Central – traders have access to Trading Central’s independent and leading research analysis.

Customer Support

To ensure that clients have a smooth trading experience, the broker offers 24/5 multilingual support in over 30 languages. Support is available via email and live chat.

All trading involves risk. It is possible to lose all your capital