IronFX Review 2022: Indepth Review

Notesco Limited trades with the name IronFX. Notesco Limited is a company incorporated under applicable laws attainable in Gibraltar. The Gibraltar Financial Services Commission regulates the firm.

There’s no mention of either segregated account or negative balance protection in the regulator’s register.

IronFX is a very contemporary broker. The website is user-intuitive and investor-friendly - SSL encrypted. The average trade execution time is less than 0.08 seconds with IronFX. IronFX is also deeply invested in cryptocurrencies.

IronFX review: accounts types

The diverse accounts have distinct features.

Silver account

• Fifth decimal place;

 Gold account

•  Low spreads at 0.05 ;
•  Swap discounts 25% ;
• Videos & webinars ;
• Maximum leverage 1:400;
• Free VPS;
•  Fifth decimal place ;
• Dedicated account manager .

Platinum account

• Videos & webinars ;
•  Low spreads at 0.03 ;
• Swap discount 50% ;
• Maximum leverage 1:500.
• News;
•  Price alerts;
• Fifth decimal place;
•  Free VPS;
• Dedicated account manager.

Who are IronFX? Or What is IronFX?

Following standard practices, investing provides a demo account that helps you get into sync with live trading via simulations of actual market conditions. You may go for any gold, silver, or platinum accounts for live trading. However, the silver account’s organization and pricing could be improved further. Nonetheless, the higher your quality of experience, the higher you climb into live trading with investing.

Account opening: IronFX review

In order to open a live trading account, you need a minimum balance of $250. Account opening is simple. On the broker’s website, the homepage has the ‘Live Account’ button. You have merely to enter your name, email, contact number, and password. Thereon, you will be asked to enter your payment details with your deposit amount. A verification form will require proof of residential and identity proof.

IronFX focuses on clients residing in Europe, Asia, Africa, and Latin America. Possibly, if you reside outside of these regions, you will not be onboarded as client.

IronFX review: Trading platforms

IronFX offers users two trading platforms.

Web platform

• Instantaneous price alerts;
• Downloads are not necessary.
• Impactful functionality user interface;
• 60+ analytical tools;

MT4 trading platform

• Customisable interface;
•  Interactive charts.
• 3 chart types;
• 9 timeframes;

Mobile platform

Clients may access their accounts on the go through the mobile trading app. The latter has characteristics like access to real-time quotes, a customisable trading environment, accessing 350 + markets, one-tap trading.

IronFX review: Tradable assets

There are 350+ tradable assets.

 Especially noteworthy are

• 7 plus metals,
•  3 plus energy,
• 50 plus cryptocurrencies.
• 45 plus forex pairs,
• 150 plus shares,
• 10 plus agricultural products,
• 16 plus indices.

Leverage

• Commodities 1:125 ;
• Equities 1:50 ;
• Cryptocurrencies 1:2.
• Forex 1:500 ;
•  Metals 1:125 ;
• Indices :125 ;

Swaps, spreads, commissions vary with account type and tradable asset under review.

Fees and commissions

Gold and platinum accounts spreads are below average. Nonetheless, swap fees are offered better up to 50%.

Deposit and withdrawal: IronFX review

The $250 minimum investment makes trading accessible to all. There are a number of very dependable payment options. Deposits through credit card are swift if you are pressed for time.

IronFX presents a variety of deposits and withdrawals fee-free options. e-Wallets and Debit/credit cards like Neteller and Skrill are examples.

 Clients may fund their accounts through the platform logged in by clicking ‘deposit’. Payments are typically immediate. You can begin Withdrawals by clicking on ‘Withdrawal.’ 3 working days are all the processing time that must be considered.

Is IronFX safe? Or Is IronFX safe for your funds?

IronFX is so much above board with its legal credentials, it doesn’t escape notice. IronFX scam is a false alarm. There are responses to all the questions a future client could make right o the IronFX website in the following documents:

• Risk Disclosure;
• Complaint form; IronFX scam      
• Safeguarding of client funds;
• Rules of OTC Financial Instruments;
• Complaints handling policy;
• Cookie policy;
•  Privacy policy;
•  Withdrawal policy;
• Client agreement;
• AML Policy;
•  Declaration of deposit.

What’s more, the broker takes steps to guarantee clients’ funds stay secure.

• Fund safety

Client funds are managed according to Mauritian local Forex regulations and current Mauritian legislation;

• Money laundering protection

             IronFX’s anti-money laundering policy obeys strict compliance with principles, general laws, and regulations.

IronFX has likewise enforced KYC procedures. The latter include

• Client risk categorisation,
• High-risk account monitoring,
• Customer identification,
• Risk management,

In addition to customer acceptance policies.

•  Data safety

Secure servers encrypt and store client data. Secure connections are the norm with the broker. IronFX(check the latest IronFX scandal) takes measures to delicate information confidentiality according to the law.

How to use IronFX?: IronFX review

The broker presents CFDs on 350+ assets. IronFX engages leading global markets. If we are to believe the broker website, you can pick your favourites and customise price change notifications. The tradable assets are spread over the following:

• Cryptocurrencies

There are 30 + crypto CFDs.

IronFX trades with cryptocurrencies with zero commission on deposits.On the number of positions the trader opens, there are no limits. What’s more, there’s the facility to execute these trades on the web trading platform or mobile application.

 The high-calibre tools provided by the trading platform give traders an insight into anticipated ups and downs. Traders may employ them for trades’ benefits.

 The retail client leverage limit is 1:2. On the other hand, that for professional clients is 1:1;

• Forex

There are 45+ currency pairs. 1:500 is the max leverage, besides floating spread ;

• Commodities and Indices

 On the IronFX trading platform, 20+ commodities are tradable.1:125 is the maximum leverage allowable for commodities trades.

Other mentionable are 16 index CFDs, and 20 + asset CFDs.

Futures CFDs on indices and commodities enable an investor to accumulate leveraged exposure to the underlying Future’s value’s movement. There’s no buying and selling of the underlying asset itself.

Their maturity date represents future CFDs. The client will take a margin call or stop out, in case the margin level goes less than the 50% margin close out level. Accordingly, the position closes. What's more, the client never loses in excess of his trading account equity ;

• Shares

There are 150+ stock CFDs. Hence, 1:10 is the maximum leverage furnished in this case.

Conclusion

IronFX is user-friendly and intuitive.

What is IronFX? IronFX review believes the broker’s website is very helpful in presenting specific details. Hence, we have an informed opinion prior to starting to trade with this broker.

Is IronFX a scam or safe? IronFX is doubly assured concerning its regulatory status. Not only is it recognised by the Financial Services Commission. Mot to be left behind, the sister concern of its parent company, Notesco Limited, is regulated by the FCA (UK), ASIC (Australia) and CySEC (Cyprus). What other assurance would you need!