IronFX Review Is it a Scam or Legit Forex Broker ️

In order for the above to take effect, trader needs to apply for a withdrawal from his client portal. Trader can track his withdrawal request by entering the Transaction History from his Client Portal. Our mission is to provide online investors with the most unbiased, comprehensive reviews and ratings of self-directed brokers. IronFX has three account types that include ECN, fixed, and floating based. Traders from beginner to advanced levels have access to one of the most transparent trading environments in the industry.

That is, if price moved after I clicked enter, my position would be opened at the historical limefx forex broker price, rather than at the current price, so that was completely fine with me.

unable withdraw my fund back.

It only takes a few minutes before new traders are up and running. The user-friendly interface allows access to a good range of financial services currently offered by this well-known broker. All these four accounts calculate spreads into transaction costs without additional commissions. Spread for No commission accounts starts from 1.7pips, while zero spread accounts and absolute zero accounts charge certain commissions.

They have these social type of platforms where they allow me to get a better understanding of the market and has really helped me develop my trading skills. I have processed withdrawals and deposits and everything works fine for me. Launched in 2010 by a larger company that has been established since 1972, IronFX is committed to offering personalised service to their many clients across the globe.

IronFX offers a good range of trading platforms

Customer Support at IronFX Brokerage is available 24 hours a day, seven days a week. Traders can reach out to them via phone, live chat, and email. The withdrawal request is usually completed within 4 to 5 business days.

• This well-regulated brokerage firm offers multilingual customer support in 11 different languages.
• Our algorithm gives a high rating if the identity of the website owner is shown.
• Then I started a research and contacted chargebacksecured they helped me get back my money please be careful out there hopefully this helps someone out there.
• The website Trader’s Dashboard shows the positioning of other clients, updated hourly, but account holders will need to use Metatrader’s limited social functionality to take advantage of the information.
• And according to IronFX reviews by the Forex traders, both the popularity and reliability of this broker is increasing every day.

We do not present any investment advice or guarantees for the accuracy and reliability of the information. The IronFX Encyclopedia exchange column aims to provide basic knowledge of the FOREX terminology in order to help beginner investors quickly master the foreign investment necessities. There are a number of communication channels open around the clock 5 days a week, and every customer is allocated their own personal account manager.

MetaTrader 4 Web Trading Platform

IronFX accepts a range of different payment methods including Skrill, Neteller, SafeCharge, Dotpay, NetBanx Asia, Visa and Mastercard, and ChinaUnion. Fees apply for some of the methods, and there are also minimum and maximum amounts that apply. You have a great variety of assets to work with, all kinds of currencies to trade with, from the popular to the less known. You also have minimal fees to pay, compared to other instruments such as shares and commodities. The IronFX School has absolutely everything under the sun, and that’s why we feel the need to point it out in our IronFX review. Its attention to detail and educational ability is fantastic, and we believe there are very few places you can learn how to trade than at the IronFX School.

• This broker has been running their operation since 2010 and tons of online traders are making their trades with full trust.
• However, it takes 48 hours on average for IronFX to process withdrawals, which is longer than most other brokers.
• IronFX Academy provides impressive educational features for smaller and less-skilled traders.
• Overall, although IronFX offers a wide range of informative video content, the materials generally lack substance and are not well-structured.

When it comes to withdrawing, it is difficult and painstaking with crazy high fees. Need to send screenshots about how to make the deposit and withdraw too. Do not use this platform, if you do, you’ll instantly regret it. We take the integrity of our platform very seriously, and wanted to let you know this company hasn’t been playing by the rules. When we uncover misuse, we take action and alert our community. If additional suspicious reviews are discovered on this profile, we’ll remove those too.

Broker Types

It is our organization’s primary mission to provide reviews, commentary, and analysis that are unbiased and objective. While ForexBrokerReport.com has some data verified, it can vary from time to time. Operating as an online business, this site may be compensated through third party advertisers in the term of commission. Our receipt of such compensation shall not be construed as an endorsement or recommendation by ForexBrokerReport.com, nor shall it bias our reviews. Cryptocurrency deposits and withdrawals are not available, but IronFX offers Bitcoin as a base currency.

They have several account options to choose from, and they offer plenty of useful insights into the world of Forex trading. On the whole, the ongoing trading costs are higher than average across all seven accounts, with most accounts requiring a minimum initial deposit of at least 500 USD. Additionally, the overall trading costs are higher than average across all seven accounts, though the accounts themselves do offer more benefits tied to higher minimum deposits. Minimum deposits are higher than average across all the account types too, with most accounts requiring at least 500 USD. Dailylimefx adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money.

Check our blog post “How to recognize counterfeit products” for more information. Spammers use this information to promote services to website owners. Some website owners therefor chose to hide their contact details. Our algorithm gives a high rating if the identity of the website owner is shown. This broker is safe for all the areas where it’s operating under the license. Please make sure to check if this broker is regulated in your country.

• It takes just $100 to open a Micro account, increasing to $2,500 for a Premium account and $20,000 for a VIP account.
• They have a 24/7 live chat, phone line and email all available to contact at any time.
• The email and phone lines are available in 180 countries and over 30 languages that span the entire globe.
• IronFX has prepared a range of carefully selected and high-quality informational videos offering a valuable insight into the trading environment.

They recently added cryptocurrency coverage to a broad selection of forex, spot, and CFD trading products. Earlier in 2018, IronFX announced a partnership with EmurgoHK to open a https://limefx.name/ cryptocurrency exchange, but the launch date hasn’t been announced. Seems they have been hit big time due to the Swiss rate decision and have lot of exposure but not admitting.

The contests are not running all of the time so you will need to check details of the next one. We value transparency and openness in the way we review the partners. To bring transparency to the forefront, we have published our review process that includes a detailed breakdown of the IronFX offering. Central to that process is the evaluation of the reliability of the broker, the platform offering of the broker and the trading conditions offered to clients, which are summarised in this review. Each one of these is graded, and an overall score is calculated and assigned to the broker.

Social and copy trading options are limited, with no dedicated third-party platform. They do offer a Mirror account, but that’s a hedging tool, not a social trading interface. The website Trader’s Dashboard shows the positioning of other clients, updated hourly, but account holders will need to use Metatrader’s limited social functionality to take advantage of the information. You will be pleased to learn that I complained to ASIC about the scam operating as ironfx.com.au in Australia.

You can receive your initial deposit via the payment method initially used and then all excess funds will be sent to your bank account. Till then means it is not recommended to open an account with IronFX and put a capital in high risk as of the broker’s lack of the professionalism to handle operations. IronFX is an online broker with its established operation in the EU, Australia and worldwide through its registered brand in Cyprus. IronFX PMAM (Personal Multi-Account Manager) – A favourite of money managers and professional traders, this platform makes it possible to manage and trade on multiple accounts at the same time. IronFX provides clients with global customer support in over 30 different languages. IronFX representatives are hand to answer questions 24 hours a day, 5 days a week via phone, email, and online chat.

WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located. They have the likes of Visa, Mastercard, bank transfer, Skrill, Neteller and Paynearme all available as payment options, as well as several more. Clients investments and funds are held with utmost security, clarity and integrity. IronFX was established in 2010 and it is regulated by 4 different jurisdictions such as FCA , CySEC , FSB and ASIC . In addition, IronFX Global’s headquarters is based in Limassol and operates with global offices in London, Sydney, Johannesburg, Prague and Madrid.