ironfx com Reviews check if the site is a scam or legit
MetaTrader 4 is a well-known platform that offers a wide range of indicators and timeframes for technical analysis. MT4 is offered by various brokers, so many traders have some experience with this platform. Traders should note that IronFX offers various types of accounts. Most of these accounts are spread-based, so traders will not have to pay a commission. The broker offers the highly popular MetaTrader 4 platform.Traders have seven types of accounts to choose from.
Demo account is a great opportunity to practice strategies and become familiar with the platform with their demo account option. At first I was lucky with online trading, investing limefx forex broker a few and then getting a bit more back which made me more comfortable. Then I traded with this company whose I wouldn’t want to mention but then scammed me without batting an eye.
You can’t deny that IronFX has one of the best customer services out of any trading platform out there today. IronFX understands this, and they’ve done all the grunt work to gain access to some of the best trading platforms for their customers. IronFX stands next to traders by offering them all they need to know about Forex. Traders have the ability to enjoy the broker’s educational videos, E-book, Economic Calendar, Forex Encyclopedia, live Economic News and arranged Webinars. One can find the above material by entering the Homepage of IronFX and click on Academy Tab. Funding top-tier international banks via a simple client interface with no fees applied.
- IronFX has several account types from the fixed spread, floating spread, and ECN.
- So, as is generally our advice, we would advise anyone considering IronFX to start small with LimeFXs.
- IronFX rewards new and existing clients with a range of promotions.
- Forex costs are over 300% more expensive at IronFX versus competitors except in one STP/ECN account, where they rank among the lowest in the industry.
An alternate passive trading approach exists via the IronFX AutoTrade platform, where traders copy entire strategies. I like the details IronFX provides for each strategy and signal provider. The broker’s https://limefx.biz/ website contains a wealth of educational material, which you can gain access to by registering for an account. Customer Support at IronFX Brokerage is available 24 hours a day, seven days a week.
IronFX’s range of financial instruments to trade is limited compared to most other brokers, but it offers over 80 Forex pairs. In order to establish how low or high IronFX’s trading costs are, we compared the various account types to each other, and then to the average charged by other brokers. 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.
Limit order, which is used to buy or sell the instrument at a preset price, or better. This order is used when the trader wants to establish a position at a certain level and is not willing to pay current market prices. Using limit orders is a good way to control risks because the trader controls the price that will be paid. In case of a fast breakout, the limit order may be used as an “upgraded” market order when the limit price is placed above the current market price. Each chart could be displayed as a bar chart, a candlesticks chart, and a line chart.
IronFX Ratings at a Glance
Broker research materials have been neglected, generating the biggest black mark in our review. 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 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. The “Intraday Comment” section had a single 18-month old entry about the Eurozone.
Therefore, you can get the advantage of their exceptional volatility and robust market liquidity, with simple, intuitive platforms. Carey, conducted our reviews and developed this best-in-industry methodology for ranking online investing platforms for users at all levels.Click limefx scammers here to read our full methodology. Alan Farley is a writer and contributor for TheStreet and the editor of Hard Right Edge, one of the first stock trading websites. He is an expert in trading and technical analysis with more than 25 years of experience in the markets.
IronFX opened for business in Cyprus in 2010 and has now expanded into more than 180 countries. 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. If not my head on time, I would have lost more money on here, after I was ripp on here.
- Some website owners therefor chose to hide their contact details.
- Join us and take advantage of our free VPS hosting, which is provided to guarantee that you get the most out of your trading with us.
- You mean that your TP has been triggered by an off-quote price?
- IronFX delivers an upgraded MT4 trading environment with only API trading missing.
IronFX can be contacted on local toll-free phone numbers, live chat, and email. Overall, because of its strong regulation with some of the best international, a long history of responsible behaviour, and wide industry acclaim, IronFX is considered a safe broker to trade with. Notesco SA Limited is authorised and regulated by the Financial Sector Conduct Authority (FSP no. 45276). With a long history of responsible behaviour, some of the strongest international regulation, we consider IronFX to be a safe broker to trade with. We may receive compensation when you click on links to products we review.
Overall Conclusion – A brilliant, well-rounded trading platform
Available instruments include forex pairs, commodities, indices, stocks, and cryptocurrencies. The number of available forex pairs, commodities, and indices is high, while the number of available stocks is medium. Currently, IronFX content is mostly focused on beginner traders. However, advanced traders may also find something interesting in the videos. Traders can work with popular pairs like EUR/USD and GBPJPY, as well as exotic options like AUD/PLN (Australian dollar/ Polish Zloty) or EUR/CZK (Euro/ Czech Koruna). The cryptocurrency offering includes pairs with different currencies, including U.S. dollar, Japanese yen, British pound, and euro.
- Professionals trading their own accounts may wish to look elsewhere, despite tiered pricing, due to the lack of volume discounts or a proprietary high-end trading platform.
- Accounts are tiered into Micro, Premium, and VIP levels, depending on capital commitment, with spreads dropping on major Forex pairs between tiers.
- IronFX received a high score for Platforms and Tools in our rating as it offers the highly popular MetaTrader 4 platform.
- The list of Forex, spot, and CFD trading instruments is well-constructed but some rivals offer more comprehensive listings.
- For example, the broker’s minimum spread for Standard accounts is 2.2, while the minimum spread for Premium and VIP accounts is 1.8 and 1.6, respectively.
Or, maybe you’ve reached a peak on your forex trade, and you want to sell and withdraw so you can reap the rewards quickly. Well, IronFX have you covered, because they make everything as hassle-free as you’d wish it to be. It’s exactly what it sounds like – whatever you deposit, you get a 20% booster to go with your forex LimeFXs. Considering the technology of 21st century, IronFX allows you to trade even if you are not at work and keep an eye on the financial market. The mobile application is easy to be used and it has almost the same features with the Desktop MT4. The only differences are in the layout and the size of separate elements of the interface.
IronFX rewards new and existing clients with a range of promotions.
IronFX fails to provide phone support or access to the finance department. Traders should read the FAQ section before reaching out to a customer service representative. IronFX offers a positive swap on assets where market conditions warrant them.
However, there are so many withdrawal feels if you’re using an eWallet. So, you’ll have to pay a little bit if you want your funds in your account quicker! Still, all this considering, you can’t deny the speed and efficiency that the IronFX payment system grants its users.
When choosing a broker, trustworthiness is one of the most important things to keep in mind. Always check the broker’s regulations, know how financially secure the firm is, and find out whether the broker is transparent and reliable. These factors, calculated into our score, will help you understand if your money is safe. IronFX received a high score in the Instruments category due to the high number of forex pairs, commodities, and indices.
Traders can reach out to them via phone, live chat, and email. They encouraged and instructed me through the very involved process. The professional/legal letters they wrote for me to send to my banks were very accurate and their legal department are experts with details about the laws that protect victims of scams. I have had very smart, professional and compassionate support experts who I feel really care and support me through this very scary ordeal. The cost for their professional services are more than fair and reasonable. IronFX is licensed and regulated by the Spanish national financial market commission .
IronFX maintains a few expensive accounts with higher minimum deposit requirements. Islamic accounts are available in four account types, but not including any of the STP/ECN accounts. Equity traders get access to large-cap names trending on social media, suitable for most retail traders but unfit for demanding traders. While the 268 assets offer new traders acceptable entry-level exposure, advanced traders will find it inadequate for proper cross-asset diversification. Clients benefit from the broker’s variable spreads, which improve their trading results. For example, the broker’s minimum spread for Standard accounts is 2.2, while the minimum spread for Premium and VIP accounts is 1.8 and 1.6, respectively.
However, it takes 48 hours on average for IronFX to process withdrawals, which is longer than most other brokers. IronFX charges admin fees on some withdrawal methods in addition to a fee of 50 USD for bank transfers under 300 USD. Additionally, it should be noted that the average trading costs at most other brokers tend to be 9 USD or lower. Trading costs on all account options at IronFX are significantly higher than this average – at between 11 and 22 USD per lot traded. For withdrawals, IronFX clients can use most of the options that were used to deposit funds. There are no withdrawal fees for all options except for wire transfers under $300, but clients’ payment providers may charge such fees.