IronFX Review

  • FSB Regulated
  • Lowest spreads on the market for VIP accounts
  • Award winning software
  • Very beginner friendly
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In 2010 IronFX hit the scene with a relatively new take on investing: transparency. This award-winning leader in online trading makes sure to explain everything up front on their website and has customer service available most days of the week if you have any questions or run into any problems.

There are 50 offices all over the world, including in South Africa and they offer service to over 180 countries. They offer support in almost 30 different languages as well.

You will find several different bonus structures for you to gain from as well as many different account types for flexible investment options.

Bonus structure

Cash rebate bonus- Up to $3 USD per lot

VIP promotion- Welcome bonus on all deposits and up to $2000 USD cash back

Refer-a-friend- Get a bonus for referring friends and family

Free iPad Air or iPhone6

Free VPS hosting- For new and existing clients who deposit a minimum of $5000 and maintain the balance for a certain number of months

Account types

Micro account

  • Deposit $500 – $10,000
  • Available in 10 base currencies USD, EUR, GBP, AUD, JPY, CHF, PLN, RUB, CZK and HUF
  • Ability to trade micro lots
  • Fixed or Variable spread
  • Leverage from 1:1 up to 1:500
  • Account Manager available 24/5

Premium account

  • Minimum deposit $2,500
  • Account available in 10 base currencies USD, EUR, GBP, AUD, JPY, CHF, PLN, RUB, CZK and HUF
  • Fixed or Variable spread
  • Leverage from 1:1 up to 1:500
  • Account Manager available 24/5
  • Dealing department hotline transaction

VIP account

  • Minimum deposit $20,000
  • Account available in USD
  • Ability to trade mini lots
  • Fixed or Variable spread
  • Leverage from 1:1 up to 1:500
  • Account Manager available 24/5
  • Dealing department hotline transaction

STP/ECN account

  • Minimum deposit $500
  • STP/ECN account available in USD, EUR, GBP, AUD, JPY, CHF, PLN, RUB and HUF
  • Spreads starting from as low as 0 pips
  • Leverage from 1:1 up to 1:200
  • Choose between STP No Commission and STP Zero Spread account
  • Ability to trade micro lots

Zero Fixed Spread account

  • Minimum deposit $500
  • Ability to trade micro lots
  • Account available in USD, EUR, GBP, JPY, CHF, PLN, HUF, RUB, AUD
  • Leverage from 1:1 up to 1:500
  • Leverage on Metals will be 1/5 of the account leverage. Max Leverage can be 1:100 when account leverage is 1:500
  • Account Manager available 24/5

Mirror account

  • Lower stop-out levels
  • Instant internal transfers
  • Greater leverage up to 1:200 on STP account

Business accounts

  • Corporate
  • Institutional
  • Trust

Managed accounts

  • Athena Investment S.A.
  • Intercore Financial GmbH
  • Arete Trading GmbH

Unique selling points

  • Lowest spreads on the market for VIP accounts
  • Multiple trading platforms
  • Award winning software
  • Office in South Africa

Pros and Cons

Pros

  • Authorized by FSB
  • Offers trading by phone
  • Offers managed accounts
  • Multiple funding options
  • Website/support available in many languages
  • Rewards for big traders
  • All forms filled out online
  • Award-winning software

Cons

  • Charges deposit and withdrawal fees on some methods
  • No guaranteed stop losses
  • No South African Rand

The breakdown

There are many benefits of choosing award-winning IronFX. They offer several different account types for both personal and business investments while maintaining good account support.

While they do not allow for trading in South African Rand, they do have an office in SA for those who live there to visit as needed.

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