Month: November 2020

We do not engage in any paid reviews or encourage our clients to provide false feedback. Not only do they offer fast withdrawals but they also give me a lot of perks when trading. They keep me updated with the latest information so I know what’s going on in the market and what stocks to buy! This will always be my number one go-to place for investing because there are many advantages being with them.

The main usability issue is with the lack of communication between IronFX’s CFD and cryptocurrency trading platforms. This educational material is well-suited for traders who are new to the market and looking to improve their skills. The academy could benefit from including more advanced topics but its focus on new traders is understandable as a marketing strategy. The webinar section requires a live account application to access, while the seminar section currently offers only two programs in MP4 format which may not be accessible for non-English speakers. Overall, IronFX Academy provides a solid educational foundation for traders who are new to the market. IronFX offers a reliable and functional trading platform with the use of Metatrader 4 and 5, which are widely used among traders.

So, I contacted them and explained the situation and they responded to me very quick! Y to recommend us to fellow traders and share their excellent reviews. Could you please respond to our ‘Find Reviewer’ request here on Trustpilot? This will help us locate your account details and better understand the issues you faced.

The broker also has a commission-based zero spread account type. Further, the broker seems quite active, writing blogs and publishing weekly trading news. All this serves as a means to entice retail traders and show them that the company is up-to-date with the financial market.

Best Offers

It’s important to mention that the offshore company has no license whatsoever and has a branch in Gibraltar as well. Hence, you should be cautious when registering and check well under which entity you belong. Let’s take a look at IronFX from a 2023 perspective and see if the broker is still worth your time and money. IronFX Overall Ranking is 2 out of 10 limefx courses scam based on our testingand compared to 500 other brokers, see Our Ranking below compared to other popular and industry Leading Brokers. You have a great variety of assets to work with, all kinds of currencies to trade with, from the popular to the less known. You also have minimal fees to pay, compared to other instruments such as shares and commodities.

Sign up for our newsletter to get the inside scoop on what traders are talking about — delivered daily to your inbox. 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 https://limefx.vip/ how we make money. IronFX payment service providers are authorized and regulated by some of the most reputable regulating agencies. Safecharge, Cardpay and CSC24Seven are authorized by the Central Bank of Cyprus, while Dinpay is authorized by the Central Bank of China and Dotpay, by the Polish Financial Supervision Authority.

IronFX received a very high score for Tradable Instruments in our rating as the broker offers a high number of forex pairs, commodities, and indices. This selection of options is more than sufficient enough for mobile-based trading. Typically, the mobile app is used when the trader does not have access to the desktop platform but needs to monitor the market and open positions.

When you set up your account, cycling through everything is simple. Most of these offers are focused on forex trading, but it’s a perfect entry for new traders – that’s the instrument that could get you the best profits on a short term basis. With years of experience, an increasing number of clients and competitive trading conditions, IronFX has maintained a great reputation. Our clients are always happy to recommend us to fellow traders and share their excellent reviews. This is another area in which the broker really excels in my opinion.

IronFX review FAQ

These analysis tend to be very detailed and include screenshots to illustrate. These insights can be used to identify possible trading opportunities as can the economic event calendar provided. 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. Could you please provide us with your account details at so that we can look into this matter promptly? We take the safety and security of our client’s funds very seriously and adhere to strict policies and procedures.

I went to the FSA but was told my account fell under the Cyprus version which if you don’t read Greek is a bit useless. Our team of industry experts conducted our reviews and developed this best-in-industry methodology for ranking online investing platforms for users at all levels.Click here to read our full methodology. In addition, every broker we surveyed was required to fill out a 320-point survey about all aspects of their platform that we used in our testing. Many of the online brokers we evaluated provided us with in-person demonstrations of their platforms at our offices. IronFX has the advantage of being run by a group of financial professionals that bring many years of experience to the table. Their team includes market analysts, risk management experts, client business solution specialists and computer software developers.

Fees

If you are looking for the smallest possible spreads , then you may consider the zero spread accounts. These do charge a commission which ranges from $7.5 to $18 depending on the level of the account. In general, the more you deposit, the lower the commission will be. I must lime fx admit that the commission is not the lowest I have seen, but I also feel that the quality of the broker makes it worthwhile. The brokers website has some helpful widgets such as a currency convertor, pip calculator, margin calculator, profit calculator and trading hours.

As a regulated brokerage, we take all allegations of fraudulent activity seriously and we would like to investigate this matter further. So happy to hear you were impressed with our withdrawal process. This broker has excellent staff and speedy funding, my favorite being that bitcoin withdrawals are processed in less than five minutes no matter how much money you withdraw.

IronFX Review Navigation

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. There are over 120 forex currency pairs to trade, 24 hours a day, 5 days a week. You can choose your own leverage and have unlimited access to some of the largest liquidity providers through IronFX.

This means that IronFX is about as well regulated as you can expect from a broker of their size. Traders can withdraw money via Visa, Mastercard, China Union Pay, Wire Transfer, BitWallet, FasaPay, Digital Assets, IronFX Card, and Perfect Money. CFD Leverage allows you to avoid paying the full value of the position. Instead, you pay a deposit, which is called margin, while the remaining funds are borrowed. The selection of indices and commodities is also rich and includes both spot and futures instruments.

Alternative Brokers

According to the IronFX Account Types section, the spread varies from 0.0 to 1.8 pips, depending on whether you choose fixed or floating. Cryptocurrencies are not on offer, which is quite odd for a company trying to compete for customers. IronFX login is enabled through MT4 mobile apps for Android and iOS. Besides MT4, the company has WebTrader mobile app, which is also compatible with all devices. At the time of writing, we found 275 IronFX reviews on Trustpilot. However, what’s concerning is the warning regarding fake reviews that were detected and removed.

• I must admit that the commission is not the lowest I have seen, but I also feel that the quality of the broker makes it worthwhile.
• IronFX is regulated by several reputable financial authorities and adheres to strict rules and regulations regarding the protection of client funds and safe trading practices.
• Their withdrawals are also very quick – depending on your payment method, you could have your funds in your account from anywhere between 24 hours to three working days.
• A demo account is an account that allows you to test the broker’s services and your trading skills without risking your money.
• These factors, calculated into our score, will help you understand if your money is safe.
• An extensive website section is devoted to trader education, which makes IronFX suitable for beginners.

We also want to invite you to read updated XBTFX, Swiss4Trade and FTM Trade broker reviews. Besides everything mentioned above, we’ve got official authority warnings regarding the IronFX broker. The first one was issued in 2015 by the Brazilian Securities and Exchange Commission. According to CVM, IronFX is not authorized to onboard residents from the said country as it’s not approved as a financial intermediary.

Spreads at IronFX are higher than the industry average, but the broker has done a nice job putting together some decent educational materials for beginners. UK traders can make deposits directly in pounds sterling , as well as in USD, EUR, AUD, JPY, CHF, PLN, RUB and HUF. Deposits made in different currencies are converted to the base currency of your trading account at prevailing exchange rates.

The company entered the FCA register in 2013 as Notesco UK Limited. 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 will be pleased to learn that I complained to ASIC about the scam operating as ironfx.com.au in Australia. It was just a front with no clients but had an Australian financial services licence to operate as a Forex broker in Australia. They then sent fake documentation to the client saying that they were with the Australian version when in fact they weren’t. If you have been conned into putting any money into ironfx.com tell your bank immediately and say that they are a scam and ask them to do a charge back. If you are with the Commonwealth Bank you are out of luck because they are the only bank in Australia that refuses to do chargebacks against scammers even though they are required to by MasterCard.

Payment and funding authorization is 100% automatic, and its client portal allows deposits and withdrawals using a simple, easy-to-use single interface. The available payment methods include Credit cards, Bank Transfer, Neteller, FasaPay, Debit cards, Payoneer. The deposit can take up to 24 hours to be processed depending on the method you choose. Bank Wire transfers can take up to 3 working days, depending on the bank.