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Editor Rating
- 5/5 – Excellent
- IronFX review
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Review Summary:
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IronFX is an online trading company founded in Cyprus 2010. Within a short period of time, it has managed to become one of the world’s largest online brokers. It has 55 offices located around the world and serves clients in more than 180 countries. The company focuses on meeting the needs of its clients by providing a variety of news articles, research, and raw data.
Table of contents
Trading and investing has changed considerably over the last couple of decades. Today, it’s relatively easy for someone to learn basic investment strategies. The Internet makes gives them access to plentiful information about stocks, currencies, precious metals, and other investment options.
Today’s investors also have the advantage of using online platforms instead of sending their trades through brokers. Investors who use online trading platforms often benefit from faster transactions and lower fees.
As with all investment opportunities, it’s vital to explore options and learn as much as possible. There are plenty of online traders that make it easy to invest. Not all of them offer exemplary services. In fact, some of them have long lists of complaints from investors who were unsatisfied with their services. Before choosing a company for your investments, make sure you learn as much as possible about their services.
Introduction to IronFX
IronFX is an online trading company founded in Cyprus 2010. Within a short period of time, it has managed to become one of the world’s largest online brokers. It has 55 offices located around the world and serves clients in more than 180 countries. The company focuses on meeting the needs of its clients by providing a variety of news articles, research, and raw data.
IronFX Services
IronFX strives to give its clients all of the tools they need to make sound investment decisions. Some services that appeal to international traders include:
Trading Products
IronFX has trading products that let investors earn money via Forex, spot metals, futures, and shares. The company also offers a variety of account types so investors can choose options that match their portfolio needs. The type of account one choices often depends on how much money that person plans to put into his or her IronFX account.
Research
IronFX has a strategy team that releases information about sound investment techniques. Clients can also access daily commentary that helps them cut through market noise so they have a better grasp of where the market is headed and what investment opportunities are most likely to succeed.
Market information from IronFX include live currency rates and an economic calendar that keeps investors informed of important events that could influence prices.
Members can also use their accounts to access daily videos from IronFX. These videos discuss a wide range of topics, including the technical basics of trading and viewpoints from some of the world’s top trading advisors.
Academy
People who don’t have a lot of experience trading online will want to take advantage of IronFX’s academy. It includes a Forex encyclopedia that makes Forex investments seem less challengings. It also includes educational videos for those who prefer visual learning.
Webinars and seminars focus on specific issues that may help certain traders make educated decisions.
Even those who eventually decide to use a different trading platform can benefit from IronFX’s academy content. The information provided through the academy is essential to smart trading.
Contests and Promotions
IronFX hosts a variety of contests and promotions designed to attract new clients and reward those who make incredible strides in the industry. Competitions and promotions can change frequently, so it’s important to check the company’s website for details.
IronFX Features
IronFX has several features that may make it a good option for international investors. Some of the most noteworthy features of the IronFX system include:
- Security standards that keep client investments and accounts safe
- Account funding options from several of the world’s largest banks
- No fees for most funding options
- Instant trade execution so investors know exactly what they are buying or selling
- 24/7 customer care services so investors can manage their accounts all over the world regardless of their time zones
- 15 trading platforms and 200 trading instruments that are accessible through one client account
Comparing IronFX With Competitors
As one of the largest traders with a global reach, it’s difficult for many companies to offer the same level of services as IronFX. Traders who would rather use smaller trading companies may want to consider options such as Etrade, Ameritrade, BDSwiss, or Benzinga.
Many of these companies offer detailed analytics that can help clients make smart investment decisions.
Customer Service
Since IronFX works with investors all over the world, the company has customer support representatives who can communicate in 45 languages. The company has toll free numbers that will direct clients to representatives who speak their languages. Customers can also get services and support online via email and chat.
IronFX has an investment related help section on its website that lets customers learn more about funding their accounts, submitting questions, and understanding legal obligations.
With more than 1,500 employees, IronFX promises that it can meet customer needs quickly.
Frequently Asked Questions
Investors should always make sure they get accurate answers to their questions before spending any money on trades or services. The following frequently asked questions may help investors decide whether IronFX is the right fit for them.
[+] What is the Minimum Amount of Money Clients Must Invest?
IronFX requires its clients to invest at least $500. Some investors feel that this is quite high. It is relatively easy to find lower minimum balance requirements from other online trading sites.
[+] What Happens if an Investor’s Balance Falls Below $500 or even $0.00?
IronFX offers negative balance protection that can prevent investors from paying heavy fees when they lose money on their trades.
[+] Does IronFX Offer a Bonus for New Clients?
Yes, IronFX offers a bonus to new clients who meet certain requirements. This could help new investors start growing their money more quickly. IronFX also offers cash rebate bonuses and refer a friend bonuses.
[+] What Operating Systems Does the IronFX Trading Platform Work On?
The IronFX trading platform works on several operating systems for computers and mobile devices. Supported devices include:
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Advantages of Using IronFX
IronFX offers several advantages that traders should consider before choosing a platform. Some of those advantages include:
- The safety of using a regulated broker
- Dedicated account managers
- Multiple platforms that can work on computers and mobile devices
- Support from expert advisors
- A variety of accounts to meet the needs of individual traders
​ - Fast executions on trades
- Compensation fund for investors
Disadvantages of Using IronFX
The biggest disadvantage of using IronFX is that traders need to put at least $500 into their accounts before they can begin trading. Traders who don’t feel comfortable investing at least $500 should look elsewhere. There are plenty of online traders with lower minimums.
Conclusion
No company can meet the needs of every online trader. IronFX, however, comes close. Its global reach means that it can meet the needs of traders who speak over 45 languages. That’s a huge advantage that makes it easier for investors to learn about international opportunities that other people may never learn about. IronFX is also a good choice because it offers such a wide range of platforms. No matter what kind of computer or mobile device you have, chances are that you can start trading as soon as you set up an account. There are some downsides to using IronFX, but not many. Traders in the United States, for instance, may find that they get limited opportunities because the company focuses on an international audience. It’s important for each person to evaluate the pros and cons of using IronFX or any trading company before they fund their accounts.
