China Union – no fees for deposits are charged by IronFX with a CNY 20 per transaction. There are no restrictions with a CNY 360,000 maximum transaction amount. Withdrawal fees are one percent capped to USD 10,000 with no restrictions and a maximum transaction amount of USD 50,000. Neteller – IronFX charges a two https://limefx.club/ percent fee capped to a USD 30.00 minimum with a USD 1.00 fee per transaction for Neteller deposits. There are no restrictions with a maximum transaction amount of USD 50,000 per transaction. IronFX has developed a proprietary bespoke interface, which means that it is tailored to each individual client’s needs.
The IronFX Research mobile app provides financial articles, real-time currency quotes, daily technical and fundamental commentaries, live economic calendar alerts, and daily market news. All these features are included as part of holding an account. There are enough resources for beginners and experienced traders alike. The broker has licensing from the Cyprus Securities and Exchange Commission , the Financial Conduct Authority , the Australian Securities and LimeFxs Commission , and the FSP . Today, IronFX has more than 10 trading platforms for traders to utilize, more than 200 tradable instruments, and serves customers in more than 180 countries with support in more than 30 languages. Reviews for more information about the products and services offered by each broker.
- IronFX has its own set of trading tools, such as calculators for margins, pips, and currency conversions.
- That is, if price moved after I clicked enter, my position would be opened at the historical price, rather than at the current price, so that was completely fine with me.
- With its unparalleled service and trading conditions, IronFX has become the globally recognised and transparent broker with which to trade Forex CFDs on the world’s most popular currency pairs.
- Based on our thorough annual assessment, LimeFx offers better pricing overall for traders.
- LimeFx’ competitive pricing and scalable execution make it an excellent option for algorithmic traders.
- The latter strategy is somewhat more prevalent, but it requires a significant commitment of time and money.
IronFx claims that the company asked Cysec to help them investigate cheating clients. The FPA is astonished that anyone at that broker would have the nerve to make such an obviously false statement. Both IG and IronFX offer MetaTrader 4 .IG and IronFX both offer copy trading. Fasapay – no fees for deposits are charged by IronFX, however, A 0.5 percent fee per transaction is charged for withdrawals with a maximum of USD 5.00.
IronFX took away my money without evidence
Finally, you can make a deposit via mail or over the phone without a fee. We have compiled all the answers to your questions with our carefully collected database of frequently asked questions by both existing and new traders. Trading FX or CFDs on leverage is high risk and your losses could exceed deposits. This was after IronFx tried to claim that the CySEC investigation was to investigate cheating clients. Later, the Cyprus Consumer Protection office decided against IronFx regarding allegations of contractual unfairness.
The PMAM platform allows traders to enter orders with a single click entry, manage several accounts, and set up multiple funds. You can also use it to monitor financial pricing in real time and produce activity reports. Success in online trading limefx and investing depends on proper planning based on solid information and useful market insight. We created a trading news section to provide you with all the vital financial information you need to succeed in your online trading goals.
Spreads vary from as low as 0.5 to 1.7 for live floating spreads with EUR/USD or 1.6 to 2.8 for fixed spreads, depending on account type. ECN and Zero Spread accounts have no spread and charge a commission based on the number of lots traded instead. Daily forecasts identifying trading opportunities through the analysis of statistical trends, equip traders with the necessary trading data to invest in the Forex and other financial markets. Our products are traded on margin and carry a high level of risk and it is possible to lose all your capital. These products may not be suitable for everyone and you should ensure that you understand the risks involved.
Industry-Leading Trading Platform MT4
For support specific to IronFX, you can find support 24/5 with a live chat and the option to request a callback from any page on the website. The IronFX FAQ section should be enough to answer most questions as it has categories for opening accounts, client funding, trading, and the trading platform. In conclusion, deciding the better broker eventually comes down to your consideration.
Interactive Brokers provides traders 90 currency pairs (e.g., EUR/USD) compared to IronFX’s 83 available pairs. Forex pairs aside, Interactive Brokers offers traders access to 8500 CFDs while IronFX has 340 available CFDs, a difference of 8160. IronFX has come a long way to rebuild its brand, acquiring multiple regulatory licenses to improve its Trust Score, and creating balanced educational material. That said, pricing is an area where Iron FX has room to further improve as spreads appeared higher than the industry average. IronFX provides traders 83 currency pairs (e.g., EUR/USD) compared to LimeFx’s 61 available pairs. Forex pairs aside, LimeFx offers traders access to 3583 CFDs while IronFX has 340 available CFDs, a difference of 3243.
In addition, IronFX also provides a proprietary multi-account manager software, which allows you to seamlessly switch between and keep an eye on multiple trading accounts. It also has a proprietary web trading platform which makes for a nice alternative to MT4 and MT5. In our analysis of 23 international regulators across 62 of the best forex brokers, Interactive Brokers is considered low-risk, with an overall Trust Score of 99 out of 99.
Does Interactive Brokers or IronFX offer lower pricing?
In our analysis of 23 international regulators across 50 brokers, Interactive Brokers earned a higher Trust Score than IronFX. IronFX holds 2 global Tier-1 licenses, while LimeFx holds 1. In our analysis of 23 international regulators across 50 brokers, LimeFx earned a higher Trust Score than IronFX.
Based on our thorough annual assessment, Interactive Brokers offers better pricing overall for traders. Based on our thorough annual assessment, LimeFx offers better pricing overall for traders. However, traders can still choose their ideal brokers by the type of their spreads. The pros and cons between the two spreads can vary for every trader. In this case, ROinvesting provides their pricing with Fixed spread while IronFX offers Fixed spread. Because of the size of the broker, IronFX can offer competitive pricing.
The broker company with numerous awards to their name, they managed to rapidly spread to global levels in only six years of their existence. The IronFX broker had a unique promotion and marketing strategy that brought them to the top of the industry. Deposits and withdrawals are accepted via wire transfers, credit cards, eWallets like Skrill, Neteller, Webmoney, and many local payment methods. Please note that VIP account users can only deposit in USD, while for other accounts a variety of currencies is available . From the last decade onwards, the Forex empire has continued to grow.
Does LimeFx or IronFX offer lower pricing?
Support is provided in over 30 different languages with service provided round the clock. All in all, whilst not offering a perfect package, IronFX does a great job of delivering a well put together package that is easy to use, stable, and provides some great trading conditions. For more inexperienced traders, IronFX is a really solid choice as it delivers a wealth of high-quality, useful educational materials that will help you to meet your trading goals. For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Neither broker offers Meta Trader.Copy trading is not offered by either broker. Considering that spread is a trading cost, the lower the spread, the better it is for traders.
Though it supports an impressive range of third-party tools and plugins, LimeFx’ research and education offerings are not as impressive as those offered by industry leaders. Both LimeFx and IronFX offer MetaTrader 4 .LimeFx and IronFX both offer copy trading. Forex is a high-risk trading instrument which is not suited for all traders and investors. To support their clients, ROinvesting enables trading with MetaTrader 4. The offer is supported with One-click trading, Trailing stop, Pending orders. In comparison, IronFX provides trading with MetaTrader 4, MetaTrader 5 with the support of One-click trading, Trailing stop, Pending orders.
Credit/Debit Cards – IronFX accepts Visa, Mastercard and Maestro debit/credit cards with no fees for deposits, with up to EUR 1.5 per transaction for withdrawals. Take note that neither of these bonuses can be withdrawn from your trading account. IronFX is a registered brand of Cyprus-based IronFX Global Ltd. Given that IronFX has a presence in over 180 countries, the customer support team is one of the most multi-lingual we have come across. Forex — the foreign exchange market is the biggest and the most liquid financial market in the world. Trading in this market involves buying and selling world currencies, taking profit from the exchange rates difference.
Overall my experience was fine and my review is here just to provide context. I appealed to the Financial Ombudsman, but they too were bought with iron money, https://limefx.club/ like the lawyers they pay to try to cover up their shameful story. This company’s employees have also spammed the FPA’s forums on three occasions.
Which trading platform is better: IG or IronFX?
IronFX also offers a Demo Account, and in the past a Cashback Account, which unfortunately is no longer available. This website is not directed at EU residents and falls outside the European and MiFID II regulatory framework. Get the most out of the Iron Bonus, which will guarantee your straightforward entrance to the Forex market. Double your first deposit with the Sharing Bonus and enter the world of trading confidently.
Jay is a professional freelance writer with a long background in the financial markets. He started out in the Banking industry in the early eighties. He actively manages trading accounts and write technical and fundamental market analyses. He also test trading platforms and write forex broker reviews.
I don’t want to discount the experience of others here who look they’ve had a really horrible time, but just want to relay that my experience with IronFX was average. Getting money into the account was a bit tricky but I got help from their support person and it was fine in the end. The FPA recommends against depositing money with this broker. If you have an account with this broker, the FPA recommends you try to withdraw your funds immediately. Please be advised that certain products and/or multiplier levels may not be available for traders from EEA countries due to legal restrictions.
They include many features like free trading signals, Expert Advisers , scalping, hedging, etc. The latest IronFX SSL-based platform provides for encryption of personal, financial, and trading data. They account for even more protection from outside influences (e.g. hackers). The IronFX mobile app can easily be downloaded to your smartphone devices with no interruptions. In fact, IronFX was awarded the Best Mobile Platform 2014 award. As a consequence, hundreds of firms and individuals are educating themselves on how to start a forex brokerage firm.
The latter strategy is somewhat more prevalent, but it requires a significant commitment of time and money. Additionally, you must be aware of and comply with all relevant regulatory regulations prior to establishing a forex broker. Any foreign exchange brokerage business is a complicated structure comprised of a variety of services, including risk management, client care, trading, compliance, and financial operations. Each component of your trading platform should be controlled only by domain experts. As a result, emphasis should be placed on hiring competent staff.