Complete Review of IronFX Broker - Withdrawal, Condition, Cost and more for traders

What is IronFX?

IronFX is a Forex broker headquartered in Limassol, Cyprus.

Over 1.5 million traders from 180 countries trade with IronFX, a long-established and popular Forex broker.

If you open an account now, you can receive popular bonuses such as a 100% deposit bonus (100% unlimited sharing bonus).

Official Site (ironfx.com)

Company Information of IronFX

Here is the company information for IronFX.

IronFX group companies, such as Notesco Limited (address Nineteen, Second Floor #19 Queen Street, Hamilton HM 11, Bermuda, registration number 51491) and CIFOI Limited (address 28 Irish Town, GX11 1AA, Gibraltar), exist around the world.

Official site here

Financial Licenses & Regulations of IronFX

Here are the financial licenses and registrations that IronFX has obtained.

• Bermuda’s BMA (51491)
• UK FCA (585561)
• Cyprus’s CySEC (125/10)
• Australia’s ASIC (AFSL 417482)
• South Africa’s FSCA

IronFX also operates in Europe and complies with the EU’s MiFID (Markets in Financial Instruments Directive) and has obtained financial licenses in various European countries.

• Netherlands AFM
• France AMF
• Spain CNMV
• Czech CNB
• Portugal CMVM
• Sweden FI
• Poland KNF
• Italy CONSOB
• Hungary’s HFSA
• Germany BaFin

Myths and Rumors about Withdrawal Denials and Profit Confiscations at IronFX

Like other Forex brokers (FX brokers/FX companies), IronFX has reviews and ratings that include “cannot withdraw”, “profit confiscation”, and “account freezing”.

Excluding prohibited methods by traders, such as hedging between multiple accounts and exploiting bonuses for arbitrage, there are no unjustified withdrawal denials or profit confiscations without a reason. Such actions could lead IronFX to face penalties such as license revocation or business suspension.

The basis for the discussions about IronFX’s withdrawal denials is a riot incident and protest activities that occurred in China.

Bonuses and Account Opening Campaigns at IronFX

Here is a list of past bonuses and account opening campaigns offered by IronFX.

• $35 account opening bonus
• 100% deposit bonus – 100% unlimited sharing bonus
• 40% deposit bonus – 40% power bonus
• 20% deposit bonus – 20% iron bonus
• Cashback account (CB account) $5/lot
• Trading contests

IronFX occasionally holds collaborations with Peska (cashback), demo trade contests, and trade contests with prizes exceeding 1 million USD.

What is the Account Opening Bonus at IronFX?

The account opening bonus at Forex broker IronFX is a no-deposit bonus that allows you to start trading FX and CFDs without initial capital.

Please check the availability of the account opening bonus on IronFX’s account opening campaign page.

Tradable Instruments at IronFX

Here are the categories of tradable instruments available in IronFX’s FX accounts.

• FX currency pairs
• Precious metals (metals)
• Energy
• Commodities
• Stock indices (indexes)
• Stocks (securities)
• Cryptocurrencies (crypto)

You can trade USD/JPY (dollar yen), gold (XAUUSD/gold), crude oil, Nikkei Stock Average, and U.S. stocks all in one trading account.

Open an account (free) here

Cryptocurrency FX (Crypto Asset CFD) at IronFX

At Forex broker IronFX, you can also trade cryptocurrency FX (crypto asset CFD).

IronFX offers over 30 types of cryptocurrencies for trading at high leverage, such as 200 times.

Cryptocurrency FX here

Maximum Leverage at IronFX

The maximum leverage at Forex broker IronFX is 1,000 times.

Here is the maximum leverage for each category of tradable instruments at IronFX.

You can check the latest leverage (required margin) for individual stocks, such as U.S. stocks, on IronFX’s tradable instruments page.

List of instruments here

Trading Platforms at IronFX

Here are the trading platforms (trading tools/trading software) you can choose from at IronFX.

• MT4 (MetaTrader 4)
• WebTrader

You cannot trade on MT5 (MetaTrader 5).

Traders at IronFX can also use signals and indicators from Trading Central for free.

Free download of MT4 here

What is the MT4 Multi-Terminal at IronFX?

The MT4 Multi-Terminal at Forex broker IronFX is an MT4 that allows simultaneous login to multiple trading accounts.

With IronFX Multi-Terminal, you can manage multiple accounts from one terminal and place orders with one click.

It is available for Windowos OS (Microsoft Windows 7 or higher).

MT4 Multi-Terminal here

Trading Environment and Conditions at IronFX

Here are the main trading environments and conditions at IronFX.

• 1 lot equals 100,000 currency units (in the case of currency pairs)
• Maximum leverage of 1,000 times
• Stop out level at 20% of margin maintenance rate
• NBP compatible (no additional margin)
• 7 types of account options
• Choice of fixed or variable spreads
• Lowest spread from 0 pips
• Scalping OK
• Hedging OK
• EA usable – automated trading possible
• Subscribable to MQL5 signal trade
• Demo account opening possible

If the margin maintenance rate exceeds 100%, the margin for hedging (placing buy and sell orders for the same instrument simultaneously) is 0USD.

Detailed environment and conditions here

Account Types at IronFX

Here are the account types you can choose from at IronFX.

• Bonus eligible live variable account
• Bonus eligible live fixed account
• Live zero spread account
• STP/ECN commission-free account
• STP/ECN zero spread account
• Absolute zero account
• Cent account

Some account types, such as the zero spread account, absolute zero account, and cent account, cannot be opened when you first open a new account.

Open your first account here

All account types can be opened from the additional account opening page after you have opened a new account.

Open additional accounts (free) here

Comparison of Account Types at IronFX

Here are the main differences between IronFX’s account types.

If you want a 100% deposit bonus, open a bonus eligible live variable or fixed account!

Open an account (free) here

Trading Environment and Conditions for IronFX’s Bonus Eligible Live Variable & Fixed Accounts

Here are the trading environment and conditions for IronFX’s standard accounts, the bonus eligible live variable or fixed accounts.

If IronFX is your first broker, open a bonus eligible live variable or fixed account to receive a 100% deposit bonus and more!

Bonus eligible live account here

Trading Environment and Conditions for IronFX’s STP/ECN Commission-Free Account

Here are the trading environment and conditions for IronFX’s STP/ECN commission-free account.

If you want your first serious FX account without bonuses, the STP/ECN commission-free account is recommended.

STP/ECN commission-free account here

Trading Environment and Conditions for IronFX’s STP/ECN Zero Spread Account

Here are the trading environment and conditions for IronFX’s STP/ECN zero spread account.

If you’re looking for your first upper-tier account (ECN account) at an FX broker, the STP/ECN zero spread account is recommended.

STP/ECN zero spread account here

Trading Environment and Conditions for IronFX’s Absolute Zero Account

Here are the trading environment and conditions for IronFX’s absolute zero account.

If you want the lowest trading cost account at IronFX, open an absolute zero account via additional account opening!

Open an absolute zero account here

Trading Environment and Conditions for IronFX’s Cent Account

Here are the trading environment and conditions for IronFX’s cent account.

The cent account is popular as a trading account for micro lots (1 lot 1,000 currency units) and as a trading account for EA (Expert Advisor) due to its low required margin.

Open a cent account here

Automated Trading (Auto Trade) at IronFX

Here are the options for automated trading available with IronFX’s FX accounts.

• Copy Trading (copy trade)
• IronFX Personal Multi Account Management (PMAM)

If you have questions about automated trading (auto trade), contact IronFX customer support via live chat or email (Japan.support@ironfx.com).

IronFX automated trading here

What is Copy Trading at IronFX?

Copy trading at Forex broker IronFX is an automated trading system that allows you to copy trades from profitable traders.

You can choose to be either a follower or a strategy provider in copy trading accounts.

Details on copy trading here

What is Personal Multi Account Management (PMAM) at IronFX?

Personal Multi Account Management at Forex broker IronFX is similar to PAMM accounts and MAM accounts at other Forex brokers.

You can easily manage multiple FX accounts using the IronFX MT4 Personal Multi Account Management (PMAM) platform. This platform is suitable for both professional traders and account managers, providing the most flexible and advanced platform. The PMAM platform allows account managers to trade and manage multiple MT4 accounts simultaneously, offering intuitive money management solutions.

With IronFX’s PMAM account, you can share profits with other traders through lot allocation, percentage allocation by balance, proportional distribution by equity, proportionate distribution by equity ratio, uniform risk distribution, percentage distribution by P/L, and proportionate distribution by P/L.

IronFX PMAM account here

What is the IronFX VIP Loyalty Program?

Forex broker IronFX has started a service for VIP traders.

Here are the ranks, conditions, and benefits of IronFX VIP (VIP Trading Room).

All traders at IronFX can participate in webinars and other events for free, regardless of rank.

IronFX VIP room here

Deposit and Withdrawal Methods at IronFX

Here are the payment methods you can use for deposits and withdrawals in IronFX’s FX account.

• Credit card
• Debit card
• Peska
• SticPay
• Perfect Money
• bitwallet
• Bank transfer
• Cryptocurrency

At IronFX, deposit fees and withdrawal fees are generally free.

Go to the deposit page

Corporate Account Opening at IronFX

Forex broker IronFX allows corporate entities to open corporate accounts as well.

First, a company representative must open a trading account, and then contact IronFX support if you wish to open a corporate account.

Corporate account here (free)

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