IronFX Review 2023

IronFX Account

IronFX is trying to cover all bases with their offering. This is why they have a really broad selection of account types, a little to broad in our opinion. While many experienced traders will have no problem finding an account that is right for them, the account “matrix” on their page in many cases can make things more confusing for beginners.

Special Offer – ECN/STP IronFX Absolute Zero Account

• trade with the tightest EURUSD spread, from only 0.18 pips
• $0 commission
• get savings of up to $9.6 compared to biggest competitors*
• min $3000 deposit

The basic premise is that there should be accounts for people who are beginners, for people who have done some trading and accounts for people who are experts and have high requirements. Experts will have no problem finding what they need, however the first two categories might get a bit lost. With IronFX accounts one can start from the account level which could correspond to experience level and risk aversion. The levels are Micro, Premium, VIP accounts. Then each of those has a version with fixed or floating spreads.

Which ones do you prefer – fixed spreads are easy since at every point the trader knows the difference between bid and ask. Floating spreads will move with the market and will be sometimes higher and sometimes lower than fixed. If you are trading larger amounts, you can save by trading when spreads are tighter. Traders who put in huge orders probably don’t like spreads since as the order grows so does their transaction cost – they prefer commission which they usually get with ECN accounts – with super low or 0 spreads but fixed cost of each transaction.

Now that we have in a way cleared some basic logic, lets introduce the IronFX accounts:

IronFX Micro Account

• Minimum deposit $100
• EURUSD spread fixed: 2.2 pips
• EURUSD spread floating: from 1.1 pips
• Dedicated account manager
• 10 account currencies

IronFX Premium Account

• Minimum $2500 deposit
• EURUSD spread fixed: 1.8 pips
• EURUSD spread floating: from 0.7 pips
• Hotline with dealing department
• Account manager

IronFX VIP Account

• Minimum $20000 deposit
• Only USD as base currency
• EURUSD spread fixed: 1.6 pips
• EURUSD spread floating: from 0.5 pips
• Account manager
• Dealing department hotline

IronFX Zero Spread Account

• Minimum deposit $500
• Fixed 0 pips spread on EURUSD
• $18/lot commission for EURUSD
• 10 base currencies
• account manager

IronFX ECN Account

• starts from $500 deposit
• available in USD, EUR, GBP, AUD, JPY, CHF, PLN, HUF
• spreads from 0 pips
• can be No Commission account or Zero Spread
• EURUSD spread from 1.7 pips on No Comission type
• Commissions from $7.5/lot (FX) on Zero Spread type
• Leverage up to 1:200

In case traders want to copy other experienced trades in a form of social trading, IronFX also offers the Mirror Account.

*EURUSD, vs XM, may be subject to change

IronFX Bonus

IronFX offers bonus up to 100%

We did not receive any complaints about IronFX scam. Being a global brand, IronFX has set up a very good customer support. Not only do they communicate digitally with their customers, they are present around the globe. At the point of writing this IronFX review, they have offices on Cyprus, in London, Sydney and Johannesburg – all the places where they have regulation. But that is not all, via the phone they can be reached in many more countries – for free. Numbers are below in case you want to use them.

• Brazil 0800 7621358
• China 4008066068
• Czech Republic 800500374
• Germany 0800 589 0742
• India 0800 100 7639
• Japan 005 311 225 50
• Korea 0079 8443 41283
• Poland 00800 1213702
• Portugal 800855296
• South Africa 0800 982381
• Spain 800 600 263
• United Kingdom 0800 158 8003

However, in 21^st century, most of communication uses the Internet so we imagine most customers will simply just go to IronFX website and use the live chat in case they have not yet established contact with their dedicated account manager in some other manner. The IronFX website itself is translated into 14 languages, which will definitely make it easier for most traders to find information too. We found the FAQ to be a bit too basic.