| Updated: September 17, 2025IronFX is one of the most reputable forex, CFD, stock and crypto trading brokers, with many offices around the world, and is available to investors in Europe, the UK, Australia and beyond. It offers more than 200 trading instruments across six different asset classes, including forex, metals, indices, commodities, futures and shares. The broker promises 24/5 multilingual support, ultra-fast execution of trades within milliseconds, and the lowest market spreads, starting from 0.0 pips.
IronFX was established in 2010 in Limassol, Cyprus, after receiving a licence from the Cyprus Securities and Exchange Commission (CySEC). Soon afterwards, the company began its global expansion, opening offices in Australia, London and South Africa. It now has more than 1.2 million retail clients from all over the world and, although it is not the largest FX broker on the market, it is known for offering multilingual support and interface, flexible leverage of up to 1:1,000, and an attractive bonus programme for new and existing clients.
| General Information about Iron FX | |
|---|---|
| Min. Deposit | $100 |
| Supported Languages | Arabic, English, Spanish, French, Italian, Japanese, Korean, Polish, Portuguese, Russian, Chinese (Mandarin) |
| Supported Currencies | AUD, CHF, EUR, GBP, HUF, JPY, PLN, RUB, USD |
| Website | https://www.ironfx.com/en/ |
| Phone Number | +357 25027212 |
| Support Email | support@IronFX.com |
| Headquarters Address | The Valley, AI2640, Cosely Drive, 1338, AI |
Regulation
IronFX is the trade name of Notesco Limited, a company registered in Bermuda and headquartered in Cyprus. The broker is regulated in multiple jurisdictions, including Cyprus, where it holds a licence from CySEC. For clients based in the United Kingdom, it is regulated by the Financial Conduct Authority (FCA), one of the most respected financial regulators in the world. The FCA has issued a licence to 8Safe UK Limited, which operates IronFX in the country.
Clients across Europe and the UK are offered two types of protection – segregated client bank accounts and financial compensation if IronFX fails to pay its customers. In the UK, the Financial Services Compensation Scheme (FSCS) guarantees compensation of up to £85,000, while in Cyprus, the Investor Compensation Fund covers up to €20,000. The broker is also regulated by the Australian Securities and Investments Commission (ASIC) and, with this licence, is authorised to operate in Australia, New Zealand and South Africa.
Although the broker is available to traders from most of the world, it still does not accept user accounts from several countries, including, but not limited to, the United States, Cuba, Sudan, Syria and North Korea.
Trading Markets
IronFX provides an online trading platform for Contracts for Difference (CFDs), derivative securities that allow making a profit of the price changes of financial instruments without actually owning these instruments in these accounts. When we speak of instruments, we refer to Forex, spot metals, cryptocurrencies, shares, commodities, indices, etc.Since brokers, including IronFX, offer their clients leverage – the opportunity to trade with capital that is up to 1,000 times their actual balance, the potential for huge winnings and the risk of considerable losses is huge.Forex
With more than $3 trillion traded daily, the foreign exchange market, or Forex, is the largest financial market and the most popular option for retail traders. Trading is conducted 24 hours a day, except on weekends, offering great flexibility to traders. Because of the high volume, liquidity, and leveraged positions, Forex provides excellent speculative opportunities and is preferred by many traders.
IronFX offers trading on more than 80 FX pairs, including major ones such as AUD/USD, EUR/USD, GBP/USD, and USD/CHF. The broker features noticeably lower spreads on popular pairs, which can reach 0.4 pips – or even lower, depending on market conditions. The maximum leverage allowed also varies depending on the particular pair. The leverage on crosses involving RUB, CNH, TRY, BRL, and MXN is set to 1:100, while the leverage on CHF, CZK, and DKK is up to 1:200.
Indices
CFDs on indices give traders exposure to global markets and provide great opportunities to profit from some of the most popular benchmarks in the US, the UK, Germany, China, and elsewhere. Indices represent the collective value of their underlying publicly traded companies. The S&P 500, for example, reflects the value of the top 500 companies traded on the New York Stock Exchange, while another popular index, the DAX, consists of the top 30 German companies listed on the Frankfurt Stock Exchange.
IronFX offers CFDs on popular indices, including the DAX, S&P 500, NASDAQ, Dow Jones, Euro Stoxx 50, FTSE 100, France’s CAC 40, and many more. Margin requirements on index CFDs are as low as 1%, which means traders with as little as $100 in capital can control a $10,000 position. There are several other benefits for those who wish to speculate on market indices, including high volatility, low costs, and leverage, all of which give traders greater flexibility.
This subcategory also includes spot energy commodities. The broker offers CFDs on several commodities, including Brent crude and West Texas Intermediate (WTI) oil.
Spot Metals
Trading spot metals is similar to trading Forex – traders can speculate on the prices of precious metals by taking short or long positions. With metals such as gold and silver, traders can hedge against risk and make their investment portfolios more diverse and balanced. Precious metals have always been valuable, but their prices are less affected by supply and demand than those of other commodities. Typically, the price of gold, for example, is driven by prevailing market sentiment.
Things are different for silver and platinum – silver is widely traded for industrial purposes, as is platinum, which is also much rarer than silver or gold. IronFX gives traders the opportunity to trade CFDs on these metals, as well as on palladium, a lustrous silvery-white metal that is extremely rare and primarily used in catalytic converters. With tight spreads as low as 0.04 and margin requirements of just 1%, IronFX offers its clients an excellent opportunity to profit from the global gold and silver markets. The spreads on platinum and palladium are, of course, higher, as palladium is not only 30 times rarer than gold but also more valuable.
Commodity Futures
The broker does not offer a wide range of commodity markets, but it does provide trading on the most popular ones. In addition to trading in spot metals and spot energy commodities, it also gives its clients the opportunity to trade commodity futures. Futures contracts allow traders to profit from price movements before the contract’s closing date. CFDs on commodity futures are extremely flexible and convenient compared with trading and owning the physical commodities themselves.
IronFX offers trading in copper futures, as well as energy futures – U.S. Light Sweet crude oil, Brent crude oil, and natural gas. Additionally, the broker offers futures on soft commodities. Unlike hard commodities such as metals and oil, soft commodities are typically agricultural products that are grown rather than mined. The soft commodity futures available on IronFX include corn, wheat, rice, soybeans, coffee, cocoa, sugar, and cotton.
Shares
With CFDs on shares, traders can invest in some of the largest and most successful companies in the world without actually owning any stock. This type of trading allows investors to speculate and profit by taking long or short positions, using leverage, and enjoying tight spreads, with only a 0.10% commission charged by IronFX. Moreover, shares – especially when traded from long-term positions – tend to be very stable and can provide a reliable source of profit.
IronFX offers its clients broad exposure to global markets and industry-leading companies from the United States, Europe, the United Kingdom, and beyond. CFDs are available on the shares of Walt Disney, Cisco Systems, Facebook, JPMorgan Chase & Co., HP, Apple, HSBC, eBay, Google, Lloyds, Samsung Electronics, Airbus, and many more.
| Instrument | Spread |
|---|---|
| AUDUSD | AVG 1.2 pips |
| AUDUSD | MIN 1 pips |
| EURGBP | AVG 1 pips |
| EURGBP | MIN 0.9 pips |
| EURUSD | AVG 1.2 pips |
| EURUSD | MIN 0.7 pips |
| GBPUSD | AVG 1.3 pips |
| GBPUSD | MIN 0.8 pips |
| NZDUSD | AVG 2.8 pips |
| USDCAD | AVG 1.5 pips |
| USDCAD | MIN 1.3 pips |
| USDCHF | AVG 2.5 pips |
| USDCHF | MIN 2.3 pips |
| USDCNY | AVG 20 pips |
| USDCNY | MIN 13 pips |
| USDJPY | AVG 0.9 pips |
| USDJPY | MIN 0.4 pips |
Trading platforms
 Platforms |
 PC / MAC |
 Smartphones |
 Tablets |
|---|---|---|---|
| MetaTrader 4 |   |   | |
| Web Trader | | | |
| Trading Information | |
|---|---|
| Trading Platforms | MetaTrader 4, TradeCopier |
| Demo Account |  |
| Hedging | |
| Scalping | |
| US Traders |  |
| Arabic Traders | |
IronFX offers several trading platforms for PC, Mac and mobile devices. The options include the popular MetaTrader 4 and the Personal Multi-Account Manager, but the broker does not have a proprietary software platform. This may be a weak point, but it should not bother traders, especially as MT4 is familiar to most of them.
MetaTrader 4, or MT4, can be downloaded directly from the IronFX website by those who prefer the downloadable software package. With it, clients have access to more than 200 financial instruments in forex, shares, spot indices, spot metals, futures and commodities. The platform is fully customisable and offers advanced charting and a wide range of indicators, as well as useful activity reports and online streaming news.
Clients can also download MT4 Advanced, which comes equipped with front-end terminals and back-office reporting functions, automated strategies and the ability to use Expert Advisors (EAs). EAs are automated trading bots that can be customised by the trader and used for algorithmic trading based on pre-set rules and conditions.
Another option is to use WebTrader, the browser-based version of MT4, which is fully synchronised with the desktop platform. The web terminal is a modern, fast HTML5 application that runs on any operating system without the need to download additional browser plug-ins or add-ons.
The same platform is also available for mobile devices and can be downloaded free from the App Store or Google Play. However, the mobile offering comes with certain limitations. For instance, it has three types of chart – bars, Japanese candlesticks and broken-line – but features only 30 of the most popular technical indicators.
The alternative is to use the Personal Multi-Account Manager (PMAM), but it is available only to professional traders and money managers. It must be installed on PCs running Windows 98 or later. The platform allows clients to manage unlimited accounts but, as mentioned, is designed for professional traders only.
Payment methods
| Brand | Minimum | Fees | Processing Time |
 | $250 | No Fees | Instant |
 | $250 | No Fees | Instant |
 | $250 | No Fees | Up to 3 business days |
 | $250 | No Fees | Instant |
 | $250 | No Fees | Instant |
 | $250 | No Fees | Instant |
 | $250 | No Fees | Instant |
| Brand | Minimum | Fees | Processing Time |
| - | up to EUR 1.5 per transaction | Instant |
| - | up to EUR 1.5 per transaction | Instant |
| - | 1% capped to USD 10,000 | Instant |
| - | 2% capped to USD 30.00 / minimum USD 1.00 per transaction | Instant |
| - | Up to 1.2%, Minimum 5USD per transaction | Instant |
| - | 0.5% per transaction (max approx. $5) | Instant |
IronFX processes payments in several currencies, and deposits in any other currency are converted into the base currency of the client account. Accounts can be registered in USD, EUR, GBP, AUD, JPY, CHF, PLN, RUB and HUF. The broker does not charge any fees for deposits or withdrawals, and the minimum deposit that can be made is $250, although this varies depending on the type of trading account opened.
Traders can deposit funds into their accounts via a wide range of payment methods, including traditional options such as bank wire transfers and credit/debit cards. While credit card deposits are usually instant, transfers via bank wire may take up to three working days to appear in the trading account.
A much faster alternative is to deposit through a digital wallet. Digital wallets, or e-wallets, are fast, secure and convenient methods for sending and receiving electronic payments. IronFX accepts several e-wallets, including the popular Neteller and Skrill, as well as FasaPay, a Malaysian e-wallet used by various FX brokers. In addition, the broker supports several instant banking transfer services that are available locally – UnionPay for Chinese customers, Dotpay for Polish traders, etc.
Another banking option available to IronFX clients is the recently added PumaPay, a blockchain-based payment system that uses so-called PullPayment contracts, whereby the merchant is allowed to ‘pull’ the payment from the payee’s account after being authorised to do so in advance. The payment method also comes with the PMA token, which is the medium of value in the PumaPay system and works like most cryptocurrencies.
Account types
IronFX offers several types of live and demo account, which means traders can test the various features and functions without investing real money. Once they are comfortable with the demo version, they can open a real trading account. There are several different types to choose from – accounts are either Live or STP/ECN.
| Market | Leverage |
|---|---|
| Forex CFDs | 1:30 (CySEC) |
| Forex CFDs | 1:30 (FCA) |
| Forex CFDs | 1:1000 (FSCA) |
| Stock CFDs | 1:5 (FCA) |
Live Micro
Most traders are eligible for this type of account, as the minimum deposit is $250, while spreads start from 1.8 pips. Clients are offered flexible leverage of up to 1:1,000. The minimum lot size is 0.01, and traders can register this account in the following currencies – USD, EUR, GBP, AUD, JPY, BTC, PLN and CZK. No commission is charged on any trade.
Live Premium
The Premium account is designed for traders who can deposit at least $1,000. The maximum leverage and minimum lot size remain the same as the Micro account; however, spreads tend to be lower, starting from 1.6 pips. All base currencies can be registered, and Premium account holders pay no commission on trades.
Live VIP
VIP members benefit from even better conditions – for instance, spreads are tighter, at around 1.4 pips. However, this type of account is available only to traders who deposit $10,000 or more and have the US dollar (USD) as their base account currency.
Zero Fixed
Zero Fixed accounts feature spreads of 0.0 pips, but this may change during midnight sessions, when the fixed spread becomes floating for three hours (23:00-02:00 GMT+2). This type of account can be opened only if the client has registered USD or EUR as the base currency. To be eligible for the Zero Fixed account, traders also need to deposit at least $500. The maximum leverage allowed is 1:500, and a commission may be charged on certain trades.
STP/ECN No Commission Account
With STP or ECN accounts, clients’ orders are not processed by a dealing desk but are forwarded to the interbank market. This provides faster execution, greater liquidity and more accurate prices. STP (Straight Through Processing) execution does not include an external commission (the fee is built into the spread), and these trades are forwarded directly to liquidity providers.
With the IronFX No Commission account, clients enjoy commission-free trading and leverage of up to 1:200. This account can be opened in USD, EUR, JPY or BTC. The minimum deposit is $500, and spreads start from 1.7 pips.
STP/ECN Zero Spread
The STP/ECN Zero Spread is an ECN account, and ECN stands for Electronic Communications Network. With this type of account, traders receive direct access to other market participants. The ECN broker consolidates quotes from several participants, which is why spreads here start from 0.0 pips and are typically very tight. A commission is charged, however, because the broker still needs to be compensated.
ECN trades provide liquidity between the various members of the electronic network. IronFX offers this account in several base currencies, namely USD, EUR and JPY. Leverage is up to 1:200, and to qualify the minimum deposit is $500.
STP/ECN Absolute Zero
The Absolute Zero account is an STP account with no commission on trades. Spreads are also very tight, starting from 0.3 pips. The minimum deposit required for this account is $500, and, once again, clients can register USD, EUR or JPY as their base currency.
Support
The IronFX website is available in many different languages, while the MT4 platform supports even more, making it suitable for traders from all over the world. When registering their account, clients can opt for the following languages – English, German, Spanish, French, Italian, Portuguese, Polish, Russian, Japanese, Arabic, Korean and Chinese.
More importantly, the broker offers professional assistance, with local support teams that can be contacted in a wide variety of languages. Live chat, as well as the call centre, is available 24 hours a day during business days – the only phone line displayed on the site is +44(0)203 282 7777. In addition, traders can send emails to support@ironfx.com.
Conclusion
IronFX is a relatively small FX and CFD broker, but it offers its clients access to global markets, a wide range of trading instruments and average spreads. It is licensed by some of the largest and most respected regulatory bodies in the world and provides protection for client funds. The broker also allows multiple-account management and offers free VPS hosting to those who deposit at least $5,000. Furthermore, it is one of the few brokers on the market that have prepared various bonuses and promotions for their clients.