IronFX Review: Scam or Legit?

Last Updated on: 22nd November 2023, 06:12 am


IronFX is a popular forex broker rendering its services from 2014 for a smooth trading experience. Ranking high in the financial markets, it has achieved a lot in a short time.

Many traders prefer it for the services and facilities and the secure trading environment it offers. Thus, a perfect choice for investing or trading in markets and having successful trading.

To find out whether the broker is a scam or legit, let’s analyse the IronFX review and then have a point of view of the brokerage firm.

Is IronFX Scam or Legit?

IronFX was founded in Limassol, Cyprus in December 2010 after obtaining authorization by the CySEC. In 2013, IronFX opened an office in Australia and became regulated by the ASIC, while it also received authorization of the FCA in the UK.

IronFX is a trade name of Notesco Limited. Notesco Limited is registered in Bermuda with registration number 51491 and registered address of Clovelly, 36 Victoria Street, Hamilton HM 12, Bermuda. The group also includes CIFOI Limited with registered office at 28 Irish Town, GX11 1AA, Gibraltar. CIFOI Limited is wholly owned by Notesco Limited.

The forex broker ensures and is committed to provide their clients a transparent and secure trading environment with the best services. A trader can enjoy the following with the broker:

  • Safety of funds
  • Money laundering protection
  • Data safety

Thus, all its work is under proper regulation, and this makes it a legitimate broker without any IronFX scam operations.

Services and Facilities of IronFX

Trading Products

When we talk about the services and facilities 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.

There are trading markets such as:

  • Forex
  • Stock
  • Indices
  • Cryptocurrencies
  • Commodities
  • Metals

Trading Platforms and Education

With this, traders can have advanced tools and platforms for the execution of their trades. A trader can enjoy the following trading platforms with several tools for analysis and market prediction:

  • MetaTrader4
  • Web trading
  • Mobile Application

The financial service provider is great for polishing trading skills with its educational support. There are blogs, articles, books, research, and many other facilities to upgrade the knowledge and make informed decisions.

Trading Accounts

Trading Accounts are the highlight of the forex broker as it has tailor made them considering all the levels of traders. One can have the given trading accounts with the services:

  • Standard Account
  • Premium Account
  • VIP Account

A trader can easily open their trading accounts and enjoy IronFX services. As the commission is zero for trading with the broker and the spreads are low compared to other brokers.

Leverage, Deposit and Withdrawal

Leverage is kept at the same level for all the categories of traders, that is 1:100. So, everyone can make appropriate use of it and have high market positions. The deposit of funds and withdrawals are also easy to execute using payment methods.

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.

Customer Services

To connect with the professional team of IronFX in case of any query, traders can have the given services:

How to Trade with IronFX?

Traders can open their trading accounts with the IronFX broker through the website and trade easily. The process is completely digital and takes less time to provide access to the account. For this, they can follow the steps listed below:

  • Register with the broker by filling in all the details required, like name, contact number, email address, and a password.
  • Next, traders have to provide basic personal details and upload documents for verification.
  • Once verified, traders can select the account type and deposit funds to start trading.

Pros of IronFX Broker

Let’s have a look at what a trader can benefit from and has to manage in IronFX broker services. The pros will provide an outline of the broker and what one can take advantage of.


  • More than 350 assets with CFD option
  • Zero trade commission
  • MetaTrader4 trading platform
  • Multilingual support
  • Low spreads
  • High execution speed
  • Customer support
  • Swap discount of 50%
  • No extra charges or hidden costs
  • Maximum leverage 1:100
  • Provides Islamic account

Final Verdict

With the help of the above given details and overview of the services of the IronFX broker, it could be analysed that it is a legit service provider and not a scam. The regulations of authorised bodies, proper licence, registration number, and the next level facilities make it a great choice among traders.

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