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Iron FX Review

Posted By Marcus Holland On Monday, April 22nd, 2013 With 1 Comment

Introduction

Iron FX is a Market Maker and an STP broker that started its operations in 2010 with its headquarters is in Limassol, Cyprus.  IronFX Global complies with international regulatory standards, and is authorized and regulated by FCA, ASIC, FSP, CRFIN, UCRFIN and CySEC. The company is a member of the Eurex Exchange and is also an EU-regulated and MiFID-compliant firm.

Asset Index

The asset index available for trading on Iron FX is given below:

CURRENCY PAIR TYPICAL AVERAGE SPREAD
AUD/CAD 5.7
AUD/CHF 6
AUD/JPY 5
AUD/DKK 35
AUD/NZD 9.5
AUD/PLN 35
AUD/SGD 9.8
AUD/USD 1.2
CAD/CHF 6.8
CAD/JPY 3.9
CHF/JPY 3.5
CHF/PLN 29
CHF/SGD 10
EUR/AUD 4
EUR/CAD 5.7
EUR/CHF 2.2
EUR/CNH 34
EUR/CZK 30
EUR/DKK 5
EUR/GBP 1
EUR/HKD 20
EUR/HUF 45
EUR/JPY 2.3
EUR/MXN 110
EUR/LVL 40
EUR/NOK 50
EUR/NZD 12
EUR/PLN 38
EUR/RUB 35
EUR/SEK 50
EUR/SGD 10
EUR/TRY 14
EUR/USD 1.2
EUR/ZAR 100
GBP/AUD 6
GBP/CAD 6
GBP/CHF 5
GBP/DKK 45
GBP/JPY 4.5
GBP/NOK 100
GBP/NZD 15
GBP/PLN 32
GBP/SEK 100
GBP/SGD 16
GBP/TRY 21
GBP/USD 1.3
GBP/ZAR 300
NZD/CAD 9
NZD/CHF 7
NZD/JPY 4
NZD/SGD 11.5
NZD/USD 2.8
NOK/SEK 9
PLN/JPY 5
SGD/JPY 5
USD/CAD 1.5
USD/CHF 1.4
USD/CNH 20
USD/CZK 30
USD/DKK 30
USD/HKD 8
USD/HRK 100
USD/HUF 50
USD/JPY 0.9
USD/LVL 30
USD/LTL 20
USD/MXN 80
USD/NOK 50
USD/PLN 33
USD/CAD 1.5
USD/RUB 22
USD/SEK 50
USD/SGD 5
USD/TRY 13
USD/ZAR 140
XAG/EUR 0.05
XAG/USD 0.05
XAU/EUR 0.60
XAU/USD 0.47
XPT/USD 4
XPD/USD 3

Trading Platforms

The platform solutions on offer by Iron FX come in two variants: the PC/Web/Mac Trading Platform (which are the downloadable platforms) and the Mobile Trading platform for smartphones.

The IronFX MT4 Platform and the IronFX MT4 for Mac: These platforms offer metaquotes, orders, positions, equity and exposure online management, live monitoring of financial instruments, online news and activity reports, an automated trading system, technical analysis, and trading history. The MT4 platform is supported on Windows 98/2000, XP, Vista, and 7; while the MT4 Trader for Mac is supported for SO X 10.x.

The IronFX MT5: This platform has a client terminal that gives instant access to unlimited market analysis tools and automated trading facilities. It features one-click trading facilities, different types of orders and execution modes, a complete set of trading functions, among others things. It is supported for Windows XP SP2 or later.

IronFX WebTrader: This platform gives Iron FX clients full access to their multi-product trading accounts through a simple web interface. It gives its users access to charts, online news, activity reports, orders, positions, equity and exposure online management. It is accessible through any web browser on any computer system, and requires no downloads.

Iron FX also offers the Personal Multi-Account Manager and the Multi-Trader platforms which enable traders to manage multiple accounts from on screen. It is only supported on Windows OS environment, from Windows 98 and later.

IronFX Mobile Trading Platform includes support for BlackBerry devices, iPhones, iPads, Androids, and SmartPhones. IronFX MT4 trading platform is available on Blackberry OS 5, 6, 7.x; MT4 and MT5 platforms on iPad or iPad 2 with iOS 4.0 or higher; MT4 and MT5 platforms on iPhone or iPod Touch with iOS 4.0 or higher; MT4 and MT5 platforms on Android OS 2.1 or higher; MT4 and MT5 on Windows Mobile 5, 6, 6.1, 6.5, 6.5.x.

Deposits and Withdrawals

Deposits and withdrawals on Iron FX can be made through Credit/Debit Cards, Bank Wire, Skrill, Neteller, WebMoney and JCB Card.

Minimum Deposit

The minimum deposit amount allowed on Iron FX for opening of a new account is 500 USD or other currency equivalent.

Maximum Deposit

There is no maximum deposit limit.

Minimum Trade Size/Amount

The minimum lot size is 0.01 lots.

Maximum Trade Size/Amount

There is no maximum trade size on Iron FX.

Minimum Withdrawal Limit

There are no minimum withdrawal limits on Iron FX.

Maximum Withdrawal Limit

There is a 2,500 USD withdrawal limit for withdrawals made to Skrill and Neteller.

Conditions for Deposit and Withdrawals

There are no given conditions.

Customer Support

Iron FX Customer Support can be contacted through the following means:

a)                  Phone: +44(0) 2075811423, +357 25027777

b)                  E-mail: support@ironfx.com

c)         Live Chat.

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