This IronFX review covers the broker’s regulatory footprint, execution methods, platform options, market coverage, and account features. IronFX is a multi-regulated forex and CFD broker catering to both retail and institutional traders, with a strong global presence and multiple account types across MetaTrader platforms.

Regulation and Safety

IronFX operates under several regulatory entities, including:

• CySEC (Cyprus): Licence No. 125/10 – Notesco Financial Services Ltd
• FCA (UK): Previously regulated (license renounced in 2021)
• FSCA (South Africa): FSP No. 45276
• FCA Labuan (Malaysia): Licence No. MB/20/0040
• Bermuda (offshore): Notesco Ltd – non-regulated global entity

EU clients benefit from Investor Compensation Fund (ICF) protection and segregated accounts. Offshore clients are not covered by any compensation scheme but do receive negative balance protection and SSL encryption.

Execution Model and Trading Platforms

IronFX offers both STP/ECN and Market Maker execution models, depending on the account type. FIX API and VPS hosting are available for institutional or high-volume clients. Supported platforms include:

• MetaTrader 4 (MT4) – desktop, mobile, and web
• MetaTrader 5 (MT5) – limited availability

IronFX does not offer a proprietary platform. All trading is conducted through MetaTrader with full EA, scalping, and hedging support.

Markets and Instruments

IronFX offers over 300 tradable instruments across several asset classes:

• Forex: 80+ currency pairs (major, minor, exotic)
• Commodities: Gold, silver, oil, natural gas
• Indices: US30, GER40, UK100, AUS200
• Shares: US, UK, EU and Asian equities as CFDs
• Futures: Limited selection via CFDs
• Cryptocurrencies: BTC, ETH, XRP, LTC (offered under offshore entity)

Accounts, Spreads and Leverage

IronFX offers a diverse range of account types:

• Live Floating Spread Account: Spreads from 1.8 pips, no commission
• Live Fixed Spread Account: Spreads fixed from 2.2 pips
• STP/ECN Accounts: Raw spreads from 0.0 pips + commission ($13/lot standard)
• Islamic Account: Available on request

Key trading conditions:

• Maximum leverage: 1:30 (EU), up to 1:1000 (offshore)
• Minimum deposit: $100
• Stop-out level: 50%

Funding and Base Currencies

IronFX supports a wide range of funding options:

• Credit/debit cards
• Bank wire transfers
• Skrill, Neteller, FasaPay
• Crypto deposits (BTC, ETH, USDT – offshore only)

Accepted base currencies: USD, EUR, GBP, AUD, JPY. Deposits are typically instant; withdrawals are processed within 24–72 hours.

Client Protections and Features

• Investor Compensation Fund (ICF) for CySEC clients
• Negative balance protection
• Segregated accounts in Tier-1 banks
• SSL encryption and 2FA support
• Multi-lingual support and dedicated account managers

Institutional and Retail Offering

IronFX serves both client types through:

• FIX API access (for ECN accounts)
• VPS hosting (free with volume requirements)
• Affiliate and Introducing Broker (IB) programs
• White-label partnerships available on request

Pros and Cons

Pros

• Multiple global regulations including CySEC and FSCA
• Diverse account types (Market Maker and ECN)
• MetaTrader 4 with full EA/scalping support
• Wide asset range including crypto (offshore)
• FIX API and VPS support for professionals

Cons

• FCA licence no longer active
• High spreads on standard accounts
• Confusing entity structure for global users
• Limited availability of MT5
• Bonus programs may restrict withdrawals

Frequently Asked Questions

Is IronFX regulated?

Yes, IronFX is regulated by CySEC (Cyprus), FSCA (South Africa), and Labuan FSA (Malaysia), with its global operations run via an offshore Bermuda entity.

What platforms does IronFX offer?

IronFX offers MetaTrader 4 as its main platform across desktop, mobile, and web. MT5 is available but with limited access.

Does IronFX support ECN trading?

Yes, ECN accounts with raw spreads and FIX API access are available for high-volume or institutional traders.

What is the minimum deposit at IronFX?

The minimum deposit is $100 for standard accounts. ECN accounts may require higher funding.

Can I trade crypto with IronFX?

Yes, but cryptocurrency trading is only available via the offshore entity regulated in Bermuda.