IronFX Review – Is IronFX a Scam?

IronFX Review - is IronFX a scam?

So you have made up your mind to start online trading with IronFX but don’t know a thing about them and whether or not they are for real. In this article, we have got you covered. We will explore IronFX’s activities, their trading platforms, deposit and withdrawal methods, and a host of other services provided by them. So, sit back and relax while we walk you through IronFX review.


About IronFX

IronFX is a leading online broker with several years of experience offering standard trading services to their clients. The company was established in 2010 by finance professionals who saw the need to storm the financial sector to assist traders achieve their dreams of making profits trading forex, futures, commodities, metals, indices, and cryptocurrencies.

Headquartered in London, they have operations in Australia and the UK. While the company is regulated by the Financial Conduct Authority (FCA) in the UK with registration number 585561, they are regulated by the Australian Securities and Investment Commission (ASIC) in Australia with registration number 417482.

Traders’ funds are kept with the best banks in segregated accounts. Since IronFX is regulated by FCA in the UK, traders would be compensated in the event that the company cannot meet its obligations financially. At present, US-based traders are not allowed to open a trading account.

IronFX Review - is IronFX a scam?
IronFX Review – is IronFX a scam?

IronFX Trading Platforms

IronFX offers 10 trading platforms where traders and investors can carry out their trade. However, the major trading platforms visible on their official website are MetaTrader4 and Webtrader 4. While the MT4 platform supports PC, and Mac desktop, they have mobile applications that support Android and iOS devices.

Traders on IronFX have access to PMAM (personal multi-account manager) which enables them to carry out risk assessment on multiple trading accounts. With PMAM, traders are able to monitor market activities and manage their account.

The Webtrader 4 platform was developed in-house for those that may not find MT4 and mobile apps friendly.


Deposits and Withdrawals

IronFX has a bespoke interface for deposit and withdrawal of profits. The company doesn’t accept cash deposit; if you want to make deposit or withdrawal, you can make use of any of the following payment processors:

Bank Wire: IronFX does not charge for deposit. Deposit fees depend on the intermediary banks and there is no restriction.
Credit/Debit Cards: MasterCard, Visa, as well as Maestro cards are accepted. There are no deposit fees, but you will pay a withdrawal fee of about 1.5 EUR for every transaction. The maximum amount to deposit or withdraw is $50,000 USD.
China Union: While IronFX does not charge for using this method, the payment processor charges CYN 20 for every transaction.
Fasapay: You would be charged 0.5% per withdrawal transaction and none for deposit.
Neteller: Expect to pay 2% fee for deposit. The maximum transaction amount using Neteller is $50,000 USD.
Skrill: IronFX does not charge for deposit, but expect to pay 1% per withdrawal transaction using Skrill.


Customer Support

IronFX offers a robust customer support service in more than 170 countries. The team works 24/7 to resolve customers’ complaints. They have language support; so even if you are not a native English speaker, they can always meet you at the point of your need using your preferred language.

You can reach out to them via email or social media platforms. Plus, they have educational materials to learn the nitty gritty of online trading.


Other Services Offered By IronFX

Social Trading: IronFX allows newbie traders to copy the trading patterns or strategies of expert traders in order to make a profit.
Academy: They have an academy which you can enroll to fully understand the art of online trading. Don’t forget, knowledge is power. The knowledge you would garner from the Academy can spur you to success.


Final Words

IronFX is a great option whether you are a beginner or professional online trader. Their customer support service is top-notch, as they would walk you through every step of the way.


IronFX is highly regulated and you would be compensated if they cannot meet their financial obligations.

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