IronFX Broker Reviews and Full Information

What is IronFX?

IronFX is an online broker, with an established operations within the EU, Australia and worldwide by virtue of its registered brand name in Cyprus. It is part of IronFX Group authorized and regulated by the relevant authority CySEC, FCA, ASIC and FSP with permission to offer its solutions within EEA zone by way of its registration in parallel with different EU authorities and with other global jurisdictions. The firm claimed to be among the most reputable brokerage companies online, offering a variety of services for investors. In addition 30+ of them received global awards that should prove the credibility of the business.

About IronFX

Is IronFX legitimate or a fraud?

IronFX is not a safe trading platform. There are numerous falsehoods that actually expose the situation from a different perspective. Recently, the business changed its company's registered name, changing it to Notesco Financial Services, which can lead to regulatory questions as well as other problems. No matter their licenses which will confirm a valid IronFX standing, broker has had issues over the last couple of years that were based on withdrawal delays, or with the proper handling numerous complaints from clients and was in compliance with registration requirements.

Licenses & Regulation

Is IronFX controlled?

The investigation into the cases, owing to an overwhelming majority of customers' complaints, the CySEC observed a lack integrity in the calculations which resulted in unfair conditions for customers in favor for the broker.

"IronFX was revealed to be a collection of 335,000 euros based on an investigation into fraudsters who cheated customers"

CySEC, 2015

In the wake of these findings, IronFX continues to reconcile its statements to provide legally-compliant financial services because of the current lack of compliance with the management of operations for investors and the execution of promotions. This shows that the firm isn't just subject to scrutiny at the top, but for the correct implementation of corrective measures to guarantee the protection of investors prior to when it's safe to work with the firm. This means that it is not advised to open accounts with IronFX and place a capital at risk due to result of the broker's lack the professionality to manage operations.

IronFX in India

IronFX does not mention being in compliance with all Indian regulation on its site. It is important to note it is true that Forex trading is illegal in India. The broker is not controlled by any regulatory agency in India which is the reason why safety of money could be the main issue.

IronFX in the USA

The United States is one of the nations that are not supported by IronFX. According to U.S legislation, brokerages controlled through CFTC are the sole brokers permitted for USA traders. Thus, with the exception of IronFX, you're only allowed to trade on U.S authorized platforms.

Deposits & Withdrawals

IronFX requires the minimum amount that is 500GBP/USD. Authorisation for funding and payment is completely automated, and the client portal lets withdrawals and deposits using an easy to use single interface. The payment options available include credit card, Bank Transfer, Neteller, FasaPay, Debit cards PayPal. Deposit can take up to 24 hours for processing according to the method you select. Transfers to banks via wire transfer can take between 3 and 5 working days, based on the bank.

The currency you can pay depends on the method of payment you choose. The main currencies that are accepted, include USD and EUR. Other currencies include GBP, GBP CHF, JPY and AUD the RUB, PLN and HUF.

IronFX does not charge charges for deposits. However, your banks or payment service providers may be able to charge additional charges. You are able to withdraw your earnings only via Bank Wire. You will receive your initial transfer via the payment method you first used and any excess funds (profits) are transferred directly to the account of your banking institution.

Apps

IronFX provides its clients with Mobile trading solutions for MT4for each of iOS along with Android. With smartphones Forex traders do not require a tie to their desks, and spending long hours looking at their screens. Instead, they are able to monitor the markets from their mobiles wherever they are. Mobile trading using MT4 gives you total control over your trading account and make trades anytime, anyplace.

The traders can execute any type of order and execute modes, view how long they have been in trading and take advantage of a variety of interactive chart symbols. Mobile versions also provide three kinds of charts that include bar charts, Japanese candlesticks and broken line, as well as 9 timeframes ranging between one minute and one month. The traders also have access to more than 30 sought-after technical indicators.

Demo account

IronFX provides the option of a demo account, so you can test the IronFX platform using virtual trading prior to making the money. Demo accounts are a great opportunity to try out strategies and to get acquainted with the platform using the demo account option.

Conclusion

We recommend that you choose only trustworthy companies to invest with. Investors should invest with regulated brokers, such as UK brokerages and brokers from Australia and trustworthy brokers like AvaTrade and XM.com.