IronFX review

Spread from

0.0 pips

EUR/USD spread

Approx. 1.2 pips, Standard Floating

GBP/USD spread

Approx. 1.2 pips, Standard Floating

Commission

Approx. $9 per side / $18 round turn, Raw ECN

All-in cost, EUR/USD

Approx. 1.8 pips, Raw ECN

Spread type

Fixed and variable, account-dependent

Overnight swap

Both: overnight swaps may be charged or credited; swap-free accounts available

Inactivity fee

$50 annually after 1 year inactivity

Deposit fee

None internally

Withdrawal fee

Generally none internally; bank/payment charges may apply

Currency conversion

Conversion at applicable exchange rate

Cost comparisons only hold when the account types are the same, so this compares like with like.

A quoted spread from 0.0 pips is a raw-spread figure, which almost always means a separate commission per lot. Compare the two together - a "zero spread" account with a high commission can cost more than a wider spread with none.

Quoted spreads are best-case figures on the most liquid pair, in normal conditions. What you actually pay widens around news and at the session open.

IronFX lists a minimum deposit of $100. Treat it as the cost of opening an account, not the cost of trading one - position sizing on a small balance is what tends to cause damage.

Markets

Forex, Metals, Indices, Commodities, Futures, Shares, Cryptocurrencies

Currency pairs

80+

Total instruments

500+

Crypto CFDs

Yes

Maximum leverage

1:2000

Execution model

Hybrid instant execution / STP-ECN

Execution speed

Under 100ms

Order types

Market, limit, stop, stop-loss, take-profit, trailing stop

Servers

Global financial data-centre infrastructure

Leverage up to 1:2000 is available on this entity. High leverage does not increase your expected return - it increases position size for the same deposit, and shortens the move needed to close you out.

IronFX covers forex, metals, indices, commodities, futures, shares, cryptocurrencies. A wider range matters less than depth in the instruments you actually trade.

Funding options: credit/debit cards, bank wire, e-wallets and regional payment methods. Check withdrawal routes as well as deposit ones - they are often not the same, and the difference only becomes apparent when you try to take money out.

Platforms

MetaTrader 4, MT4 WebTrader, IronFX mobile trading

Own platform

No

Mobile app

Third-party/mobile

Browser trading

Yes

Automated trading

Yes, MT4 Expert Advisors

Copy trading

Yes, TradeCopier

Indicators

30+ built-in MT4 indicators plus custom indicators

Third-party tools

MetaTrader 4, VPS

API access

Yes, institutional/partner connectivity

MetaTrader 4 remains the most widely supported platform for expert advisors. If you rely on an existing EA, this is usually the deciding factor.

Regulated by

BVI FSC (SIBA/L/24/1175); ASIC (AFSL 417482); FSCA South Africa (FSP 45276)

Regulator tier

Tier 1

Register entry

BVI FSC Investment Business Register, SIBA/L/24/1175

Client money segregated

Yes

Held at

Regulated banking institutions

Negative balance protection

Yes

Compensation scheme

No statutory investor compensation scheme for BVI clients

Audited by

Independent external auditors

Not available to

United States, Cuba, Sudan, Syria, North Korea; international website also not intended for Australian or Indian residents

This is the comparison where brokers separate most sharply, and it is rarely close.

IronFX holds a tier-one authorisation from ASIC. That matters more than any headline spread: it determines your leverage cap, whether losses can exceed your deposit, and what happens to your money if the firm fails.

It also operates an offshore entity (FSC). Which one you are onboarded to depends on where you live, and the two carry very different protections - worth confirming before you deposit.

ASIC caps retail leverage at 1:30, requires negative balance protection, and obliges the broker to hold client money in a separate trust account.

The FSCA licenses derivative providers in South Africa without a fixed retail leverage cap, so headline leverage is often higher than an FCA or ASIC entity may offer.

An FSC licence (Mauritius or Belize, depending on the entity) is an offshore authorisation with lighter reporting duties than a tier-one regulator.

Check the licence yourself: ASIC Connect, the FSCA list of regulated entities.

Minimum deposit

$100

Account types

Standard Floating, Standard Fixed, Raw ECN, ECN VIP, Standard, Premium, VIP, Live Zero Fixed Spread, Absolute Zero, Islamic/Swap-Free, Demo

Account currencies

USD, EUR, GBP, JPY, AUD, CHF, CZK, PLN, ZAR, BTC, ETH

Islamic account

Yes

Demo account

Yes

Professional account

Yes, ECN VIP/high-volume configuration

Minimum trade size

0.01 lots

Time to open

Typically a few minutes

Deposit methods

Credit/debit cards, bank wire, e-wallets and regional payment methods

Withdrawal methods

Original funding method for deposited capital; bank wire for profits

Deposit time

Up to 24 hours for most methods; bank wire up to 3 working days

Withdrawal time

Typically processed within 24 hours; bank settlement may take several business days

Minimum withdrawal

$10

Local payment methods

Country-specific online banking and regional payment providers

Support hours

24/5

Contact channels

Live chat, email, phone, support centre

Languages

Multilingual

Telephone

+44 203 282 7777

Email

support@ironfx.com

Live chat response

Typically under 2 minutes

Education

Extensive: IronFX Academy, webinars, seminars, podcasts, ebooks, videos, educational articles and platform tutorials

Research

Market analysis, technical/fundamental analysis, market news, trading insights and economic commentary

Legal entity

Notesco (BVI) Limited

Company number

1921931

Headquarters

Road Town, Tortola, British Virgin Islands

Founded

2010

Publicly listed

No

Parent company

Notesco Group

Employees

200+

Also trades as

IronFX