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IronFX: Online Forex Trading & Forex Broker

Additionally, IronFX offers twelve futures markets, covering soft commodities like wheat and cotton, energies such as natural gas and a singular metals market in copper. Spreads start at 0.002 pips, while commission is charged at $10 per round lot. IronFX supports sixteen spot and eight futures indices markets from major global, US and EU exchanges. Three e-mini futures instruments are available, allowing investors to speculate in smaller amounts than is standard. IronFX offers a range of CFD instruments across multiple markets, including forex, indices and stocks and commodities. However, there are no cryptocurrency products available to UK clients, so Bitcoin and Ethereum enthusiasts should look elsewhere.

IronFX forex broker

For withdrawal, however, traders have to inform the broker in advance. They can write them online through an application and then have the withdrawal of funds. When we talk about the services and facilities xcritical website that traders can benefit from with IronFX, then, in that aspect, it’s an excellent choice. The best trading features and several trading opportunities in various trading instruments make it the best.

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The desktop trading platform of IronFX allows you to view your performance history and past activity. This means that if you need to check or look through your trading history, you can. You also have the option to be alerted of any price movements of your choice, which means that you can be notified via desktop notifications. The minimum deposit amount differs from one IronFX account to another. You will find in the Micro Account, you will be required to deposit a minimum of 100USD, while in the Premium Account the minimum deposit amount is 1,000USD. The highest deposit amount required is for the VIP Account of 10,000USD.

  • Register with the broker by filling in all the details required, like name, contact number, email address, and a password.
  • If you were looking to use a forex broker with low trading fees, then City Index may be what you’re looking for – the FCA-regulated broker only charges $5 for trades.
  • The software is considered one of the best in industry, especially for forex trading.
  • Despite the availability of a research application, the position of the company on that part of business is clear – you might find better luck mastering your trading skills elsewhere.
  • Europe and London are next, with New York opening last as the furthest-west market – that session ends at 5pm EST.
  • The MetaTrader 5 trading platform is not currently available at IronFX.

Despite the fact that IronFX does not offer standard encryption or secondary security measures, you will find that the regulations of the Forex broker are strict and transparent. To recap, here are our top forex brokers for 2022, sorted by Overall ranking. It’s important to note that currency pairs can also be quoted in reverse. For example, you might see the price of the U.S. dollar quoted in euros, which is the USD/EUR pair .

Worse customer support ever

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 65-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.

IronFX forex broker

IronFX non-trading fees are non-existent, only being charged with an inactivity fee after 12 months of inactivity. These three financial regulators depend on the residence of the traders, and its jurisdiction. This IronFX review will demonstrate the main features and provide an in-depth analysis of the platform. Commissions simply represent the fee charged by your broker for the trades being placed for you. This may be a flat fee charged on a per-trade basis, or the commission might be expressed as a percentage of the amount traded. Here at BrokerNotes, we created this guide to cover what we consider to be the Forex Fundamentals.

Non-Trading Fees

That is the easiest way to get started because you don’t have to do any installation. It’s important to understand that this is not traditional share trading but trading CFDs on shares. By trading CFDs on shares you can use leverage and go long or short on the transaction. It means you only need to deposit a small amount of the total trade value to gain full exposure to the markets.

Is Deriv allowed in USA?

This website's services are not available in certain countries, including the USA, Canada, and Hong Kong, or to persons below 18.

Of course, this list is not exhaustive and is not intended to inform any final decision made on your part. Instead, use it as a reference tool to guide your research and find a broker that best suits your trading style and personal circumstances. Always check whether your preferred broker is regulated by the appropriate body for your country – in the UK, this is the Financial Conduct Authority .

Services and Facilities of IronFX

Other accounts for individuals include SP/ECN Account, Zero Fixed Spread Account, and Mirror Account. If you are building a trading business, then you can use an affiliate account, affiliate plus account, business account or managed accounts. The company is an award-winning broker with over 40 prestigious international investing awards and a dedicated client service centre in 30 different languages. IronFX is globally recognized brand in the competitive arena of online trading.

IronFX offers several types of live and demo accounts, which means that traders can test the various features and functions of the different accounts without investing real money. Once they try the demo versions of the accounts, they can register an actual trading account. There are several different types they can choose from – accounts are either Live or STP/ECN. IronFX processes payments in several different currencies and deposits in any other currency would be converted into the base currency of the client account.

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