IronFX Forex Broker
What Is IronFX?
Forex broker IronFX is a financial services provider with more than 1.2 million clients across 180 countries worldwide.
It is well established and is over 10 years old with a deep liquidity pool.
The broker offers digital forex trading on Contracts for Difference (CFDs) to retail and institutional investors. Traders have access to expert analysis, insightful research and over 300 tradeable instruments from six asset classes.
The company is an award-winning broker with over 40 prestigious international investing awards and a dedicated client service centre in 30 different languages.
Read on for our review of fx broker IronFX’s services, trader education and metatrader 4 platform.
IronFX is regulated by several leading regulators, including the Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC).
What Can I Trade on IronFX?
You can trade the following on IronFX:
Futures
Barrier options
Forex
Shares
Indices
Commodities
Some of the most popular shares are included in IronFX’s stock market trading service. Trading Apple stock and trading Amazon stock, for example. Trade with stock futures on IronFX’s user-friendly MT4 platform which is customised with market news and the option to receive technical analysis and trading signals from the independent provider Trading Central.
Other shares you can trade on IronFX are Facebook and Microsoft.
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. In addition, you could potentially gain in rising and falling markets because CFDs are based on the difference between the buy and sell prices.
IG also specialises in Option trading. Options are derivatives which give you the right to buy or sell an asset at a certain price on a certain date. The most common type of option is the Vanilla option. Options are traded on forex pairs, indices, shares and commodities. Opening an account at IG is free.
IronFX Pricing
IronFX charges low spreads, sometimes as low as zero pips depending on the trading volume and currency pair. The type of spreads depends on the account type you choose such as Live Floating and Straight-Through Processing (STP) or Electronic Communication Networks (ECNs).
It’s worth comparing the different types of spread available with IronFX’s easy-to-read chart.
Opening an account at IronFX is free.
Fees are charged on trading transactions in the form of spreads and remember that trades which are kept open overnight – also known as swaps – may carry interest rate charges.
Education and Research
The first step is to learn how to trade forex and this FX broker has plenty of educational resources to help new traders find their feet.
IronFX’s Trading School covers the following topics:
Economic calendar
Financial news
Forex strategy & Video tutorials
What is Forex
Trading for newbies
Trading for professionals
Pros
*Established forex broker
*Wide range of CFDs to choose from
*Flexible and competitive spreads
Cons
*EU clients are not allowed high leverage
*IronFX does not accept US clients
*Trading tools could be more varied
Read more reviews about forex trading on FXProfiles
FXProfiles scours the Internet to find the top FX profiles and bring you reviews, blogs and information about the FX trading markets. Learn about the world’s leading forex brokers quickly and easily and access inside information about how the trading markets work. Want to know how to trade in stock futures? On FX Profiles we have all the information you need.