IronFX Review (Updated 2022): Scam or Legit?

Description: IronFX review talks about the services and features one can access to trade in financial markets. We’ll also discuss whether the broker is a scam or legit.


A well known forex broker that has achieved great success in a short time, IronFX comes under the list of most traded forex brokers. Based in Malaysia, the broker has many advanced services and various assets to offer. 

Traders can go through this IronFX review to understand the broker with no extra wording, to discuss what the broker is all about, and whether it is a scam or legit?

IronFX: Always a step ahead

IronFX forex broker was established in 2010 with a motive to provide speedy transactions. The creators of the broker designed the trading platform with traders in mind, as they cater to the demands of their clients. 

Their creative and committed team works enthusiastically daily to deliver the best services possible. 

They have a range of facilities that makes them a top-notch choice among forex traders. Here, we have them listed below: 

  • Cross-functional platform 
  • 350+ assets 
  • Multi-device trading apps 
  • Instant execution 
  • Data security 
  • Fast withdrawals 

Other than this, they have top class educational and research tools to support traders. Thus, helping to make outstanding traders by providing the market dynamics.

Traders can use any learning path to enhance their knowledge and make appropriate trading decisions. Some of the tools include: 

  • Videos 
  • Tutorials 
  • Articles 
  • Courses
  • E-books 
  • Economic calendar 

IronFX a Scam or Legit

IronFX was founded in Limassol, Cyprus in December 2010 after obtaining authorization by the CySEC. In 2013, IronFX opened an office in Australia and became regulated by the ASIC, while it also received authorization of the FCA in the UK.

It operates to ensure licensed and regulated organisations work in the market. 

It is an active member of the Investor Compensation Fund, which protects clients from fraud. 

Traders can have the following guidelines to trade securely: 

  • Account Segregation 
  • Modern Tech Solutions 
  • Money Laundry Protection 

With such advanced securities and proper regulation, we can see that the broker is legit and not a IronFX scam.

Trading Accounts

The trading accounts are an important part of the trade; traders can open their accounts to invest in markets. Broker has three client based trading accounts that have various features to have a smooth trading experience. 

Traders can have the following accounts to trade and have the option of a free demo account to trade: 

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  • Standard
  • Premium
  • VIP

Fees, Commissions, and Spreads

When trading with online brokers, traders have to pay various fees and costs to access the services. A trader has to pay spreads, costs, and commissions to have successful trading. 

IronFX clients have low spreads to trade with the broker; spreads are the gap between the bid and the ask price. 

There are no extra or hidden charges applied to the trades. However, there are inactivity and swap costs. 

Moreover, traders do not have to pay any commission to use the services of the broker. 

So, in respect of these charges, a trader can easily invest with them as their fee structure is low. 

Services and Features

IronFX brokers have advanced with time and have the best services to support their clients. There are trading platforms, easy deposits and withdrawals, leverage customer support, and markets to trade. 


Traders can select the market as per their choice and trade with these services to make a great trading experience. The following markets are available with the broker: 


  • Forex 
  • Commodities
  • Indices
  • Precious metals 
  • Energy 
  • Cryptocurrencies 
  • Stock

Trading Platforms 

Trading Platforms are required as these softwares help traders predict market fluctuations. They have indicators and tools that analyse market and price movements using data. 

There are three famous trading platforms with IronFX brokers: 

  • MetaTrader4 
  • Web Trading 
  • Mobile App


Leverage is the loan traders can take from brokers to open a high market position. IronFX has leverage services up to 1:500, although traders should be aware of the risks associated with it. 

Customer Support

Traders always wish for a broker that supports them in case of any discrepancy. Therefore, IronFX has a professional team that offers its services 24 hours to assist clients. 

A trader can have the following: 

  • Live chat 
  • Email address
  • Call option 


IronFX review covers all the aspects of the broker that make it the finest choice among traders. Its customer support, trading platforms, trading accounts, regulations, low fees and costs, and the various trading markets make it the best available in the market. 

Traders can select the broker for advanced trading as it is suitable for both professionals and beginners. For more information, here’s the website link:

Disclaimer: This content does not necessarily represent the views of IWB.


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