IronFx Rating -Review IronFx

IRONFX RATING REVIEW

-FOREX BROKER RATING {76.9%}

IronFx is a Forex broker offering both NDD (No-Dealing Desk) and DD (Dealing Desk) Forex Trading. The broker is regulated by FSA UK and CySEC and it is registered with many more regulators (check at the end of the review). IronFx is providing segregated client bank accounts via UBS, Bank of America Merrill Lynch (BAML), BNP Paribas and Raiffeisen. There are many trading platforms available including MT4, MT5, SirixTrader and many different mobile traders. Automated Trading and Scalping are both allowed. The minimum account is $500 and you may fund via a great number of different fund methods. The IronFx spreads (as you can see in the rating table below) are not very tight.IronFx offers MT4, MT5, WebTrader and Sirix

  • Minimum Account: $500
  • Fund Methods: Credit/debit cards | Bank Wire | FasaPay | Neteller | QIWI | Skrill | WebMoney
  • Account Currencies: United States dollar | Euro | Australian dollar | Great Britain pound | Japanese yen | Russian rouble | Swiss franc
  • Customer Support: Live Chat, Phone, eMail, Callback, Forum, Skype
  • Support Languages: English | Arabic | Chinese | French | German | Hebrew | Italian | Japanese | Korean | Persian | Romanian | Russian | Spanish | Greek

HF Social

There is a welcome bonus promotion of 40% credit bonus for all new traders and other promotions such as trading contests. Here is the IronFx Rating Summary

» IRONFX WEB

IRON FX RATING SUMMARY  
Based on the Main Rating Table (MAX 100%)
A. IRON FX FUNDS SAFETY 81.3%
B. IRON FX TRANSACTION COST 62.5%
C. IRON FX TRADING OPTIONS AVAILABLE 87.5%
D. IRON FX TECHNOLOGY 77.5%
Overall Rating 76.9%
RATING PER TRADING EXPERIENCE  
Based on IronFx Sub-Formulas (MAX 100%)
Forex Beginners 76.5%
Advanced Forex Traders 73.2%
Professional Forex Traders 68.0%
Overall Rating 76.9%

As you may see in the above summary table IronFx is a good choice for beginners, semi-advanced and advanced Forex traders but not for Forex professionals.

» IRONFX WEB-SITE | » IRONFX NEW ACCOUNT REGISTRATION

 


IRONFX FULL RATING REVIEW

This is the full IronFx Rating Report using the Rating Formula v4.1 (under authorisation)

IRON FX FOREX RATING REPORT    
IRON FX TOTAL RATING   100.0% IronFx Broker
      76.9% ANALYSIS
A. IRON FX FUNDS SAFETY MAX WEIGHT 26.0% 21.2% IronFx Safety of Funds Rating
A.1 IronFx Regulation FSC (BVI) = 1.0% rating | CYSEC (Cyprus) = 3.0% rating | FFMS (RU) = 3.0% rating | RAFMM (RU) = 3.0% rating | CBI (IR) = 4.0% rating | ASIC (AU) = 4.0% rating | FSC (NZ) = 4.0% rating | FSA (UK) = 6.0% rating | BAFIN (GE) = 6.0% rating | NFA (US) = 6.0% rating | CFTC (US) = 6.0% rating | FINMA (SW) = 8.0% | and MiFID (EU) = +4.0% rating 12.0% 12.0% IronFx is regulated by FSA UK (Reg No 585561.) = 6% rating | CySEC (No 125/10) = 3% rating | MiFID=+4% rating | Total = (max) 12.0% rating
A.2 IronFx Headquarters Offshore Countries = 0% | Cyprus and similar = 2.0% rating | Spain, Italy and similar = 3.0% rating | Australia and similar = 4.0% rating | USA, Germany, UK, Switzerland and similar = 5.0% rating 5.0% 2.0% IronFx is based in Cyprus = 2.0% rating
A.3 IronFx Years of Operation 0-1 Years Operation = 0 % rating | 2-5 Years Operation = 2.0 % rating | 5-10 Years Operation = 4.0 % rating | 10+ Years Operation = 5.0 % rating 5.0% 4.0% IronFx was found in 2010 and has been more than 5 years in the Trading Industry = 4% rating
A.4 IronFx Client Bank Account Segregation Yes Provided =  2.0 % rating | No it isn't Provided = 0.0 % rating 2.0% 2.0% IronFx offers Client Bank Account Segregation via UBS, Bank of America Merrill Lynch (BAML), BNP Paribas, Raiffeisen = 2% rating
A.5 IronFx Web Ratings (Used for differentiating rating results) EarnForex Rating = 1.0 % rating | ForexPeaceArmy Rating = 1.0 % rating 2.0% 1.2% IronFx FPA=2.75 / 5.00 rating | EarnForex= 3.0 / 5.00 rating | Total= 2.71 / 5.0 = 1.15% rating
A.6 (+) IronFx ADJUSTMENTS        
A.6.1 Company Size Factor 1+ Million of Active Traders = +1.0 % rating 1.0% 0.0% No = 0%
B. IRON FX TRANSACTION COST MAX WEIGHT 28.0% 17.5% IronFx Transaction Cost Rating
B.1 IronFx EURUSD Spread < 0.3 pip = 8.0% rating | <0.4 pip = 7.5% rating | < 0.5 pip = 7.0% rating | <0.6 pip = 6.5% rating | <0.7 pip = 6.0% rating, | <0.8 pip = 5.5% rating | <1.0 pip = 5.0% rating | < 1.25 pip = 4.5% rating | < 1.5 pip = 4.0% rating | <1.75 pip = 3.5% rating | >2 pip = 3.0% rating | < 2.5 pip = 2.0% rating | < 2.5 pip = 1.0% rating | < 3 pip = 0.5% rating 8.0% 2.0% Typical EURUSD spread is 1.8 pips = 2.0% rating
B.2 IronFx GBPUSD Spread < 1.0 pip = 5.0% rating | <1.25 pip = 4.0% rating | < 1.5 pip = 3.0% rating | < 1.75 pip = 2.5% rating | < 2 pip = 2.0% rating | < 2.25 pip = 1.5% rating | < 2.5 pip = 1.0% | < 3 pip = 0.5% 5.0% 1.5% Typical GBPUSD spread is 2.2 pips = 1.5% rating
B.3 IronFx USDJPY Spread < 1.0 pip = 4.0% rating | <1.25 pip = 3.5% rating | < 1.5 pip = 3.0% rating | <1.75 pip = 2.5% rating | < 2 pip = 2.0% rating | < 2.5 pip = 1.0% rating | < 3 pip = 0.5% 4.0% 1.0% Typical USDJPY spread is 2.2 pips = 1.0% rating
B.4 IronFx Trading Commissions Charged No Commissions = 7% rating | Commissions < $5 / lot = 3% rating | Commissions < $8 / lot = 1% rating | Higher Commissions = 0% rating 7.0% 7.0% IronFx is not charging trading commissions on the tested account types (note that there is also a Zero-Spread Account type where commissions are charged) = 7.0% rating
B.5 IronFx Funding Commissions No Funding Fees = 2.0 % rating | Yes = 0 % rating  | One Free Withdrawal Per Month = 0.5 % rating 2.0% 2.0% No Withdrawal Fess = 2.0% rating
B.6 IronFx Maintenance / Inactive Fees No Maintenance / Inactive Fees = 2.0 % rating | Yes Maintenance / Inactive Fees = 0 % rating 2.0% 2.0% No Inactive Fees = 2.0% rating
B.7 (+) IronFx ADJUSTMENTS        
B.7.1 IronFx Execution ECN / DMA Execution = +2.0 % rating | STP Execution = +1.5 % rating | Dealing Desk Execution = +0.0% rating 2.0% 2.0% ECN / STP execution = +2% rating
C. IRON FX TRADING OPTIONS AVAILABLE MAX WEIGHT 26.0% 22.8% IronFx Trading Options Rating
C.1 IronFx Index of Forex Assets 45+ Forex Pairs = 8.0% rating | 40+ Forex Pairs = 7.0% rating | 35+ Forex Pairs = 6.0% rating | 30+ Forex Pairs = 5.0% rating | 25+ Forex Pairs = 4.0% rating | 20+ Forex Pairs = 3.0% rating | 15+ Forex Pairs = 2.0% rating | 10+ Forex Pairs = 1.0% rating | Less than 10 Forex Pairs = 0% rating 8.0% 8.0% IronFx provides wide Forex asset index containing 80+ pairs = 8.0%
C.2 IronFx CFD Trading Yes CFD Trading = 2.0 % rating | No CFDs = 0.0 % rating 2.0% 2.0% IronFx provides CFD and Futures Trading = (max) 2.0%
C.3 Availability of Free Demo Account Yes = 2.0 % rating, No = 0.0 % rating 2.0% 2.0% IronFx provides a demo account (Limited Account with 30 days of inactivity) = 2% rating
C.4 IronFx Capital Leverage Leverage > 100:1 = 2.0% rating | Leverage > 75:1 =1.5% rating Leverage > 50:1 = 1.0% rating 2.0% 2.0% Capital Leverage up to 500:1 = (max) 2% rating
C.5 IronFx Promotions   6.0% 2.5%  
C.5.1 IronFx Welcome Bonus (%) Welcome Bonus >50% = 6% rating | Welcome Bonus >40% = 5% rating | Welcome Bonus >30% = 4% rating | Welcome Bonus >20% = 3% rating | Welcome Bonus >15% = 2% rating | Welcome Bonus >10% = 1% rating | If Welcome Bonus is Credit Bonus then 50% of all rating points   2.5% 40% Welcome Bonus = 5.0% rating | IronFx Bonus only in Credit Mode therefore IronFx takes 50% of all rating = Final Rating = 2.5%
C.5.2 IronFx Trading Rebate (%) Trading Rebate >30% = 6% rating | Trading Rebate >25% = 5% rating | Trading Rebate >20% = 4% rating | Trading Rebate >15% = 3% rating | Trading Rebate >10% = 2% rating | Trading Rebate >5% = 1.0% rating   0.0%  
C.6 IronFx Minimum Account Min Account < $500 = +1% rating | Min Account < $1,000 = +0.5% rating 1.0% 1.0% Minimum Deposit is $500 = 1%  rating
C.7 IronFx Deposit Methods For every available deposit method = 0.5% rating max = 5 methods 2.5% 2.5% More than 5 deposit methods by IronFx = 2.5%  rating
C.8 IronFx Withdrawal Methods For every available withdrawal method = 0.5% rating max = 5 methods 2.5% 2.5% More than 5 methods by IronFx = 2.5%  rating
C.9 (+) IronFx ADJUSTMENTS        
C.9.1 Asset Index with more than 100 Forex Pairs Yes more than 100 Pairs = 1.0 % rating / No = 0 % rating 1.0% 0.0% No = +0%
C.9.2 Interest on Unused Funds Yes Interest on Funds = 0.50 % rating No = 0.0 % rating 0.5% 0.0% No = +0%
C.9.3 IronFx Contests / Championships Yes Available = 0.25 % rating | No = 0 % rating 0.3% 0.25% Yes, Real & Demo Account Competitions = +0.25 rating
D. IRON FX TECHNOLOGY MAX WEIGHT 20.0% 15.5% IronFx Technology Rating
D.1 IronFx Trading Platforms Availability For every Trading Platform = 1.0% rating max = Five (5) platforms 5.0% 4.0% IronFx provides 4 main trading platforms (MT4, MT5, SirixTrader and WebTrader) = 4.0% rating
D.2 IronFx Slippage on Execution Slippage  < 0.5 pip =  4.0% rating | < 0.75 pip =  3.5% rating | < 1 pip = 3.0% rating | < 1.25 pip =  2.5% rating | < 1.5 pip = 2.0% rating | < 1.75 pip =  1.5% rating | < 2.0 pip = 1.0% rating 4.0% 0.0% More than 2 pips = 0% rating
D.3 IronFx Allowance of Automated Trading Yes it is Allowed = 2.0 % rating  / No = 0 % rating 2.0% 2.0% IronFx allows Forex Robots = 2.0% rating
D.4 IronFx MT4 Platform Availability Yes it is Provided = 2.0 % rating / No = 0 % rating 2.0% 2.0% MetaTrader4 and MetaTrader5 are available by IronFx = 2.0% rating
D.5 IronFx Mobile Trader Availability For every Mobile Device = 0.50 % rating, max = Four (4) mobile devices  2.0% 2.0% Apps for many mobile devices (iPhone, Android etc) = (max) 2.0% rating
D.6 IronFx Scalping / Hedging Allowance Yes to both = 1.0 % rating | Only Hedging or Scalping = 0.5% rating | No to both = 0 % rating 1.0% 1.0% Yes scalping and hedging are allowed by IronFx = 1.0% rating
D.7 IronFx Customer Support 24/7 Customer Support = 1.0 % rating | 24/6 Customer Support = 0.5 % rating | 24/5 Customer Support = 0 % rating | email support = 1.0% rating | Phone support = 1.0 %. | Live Chat support = 1.0 % rating | Skype support = 0.5 % rating | Call-Back = 0.5 % rating 4.0% 4.0% 24/7 support, email, Phone, Live Chat = (max) 4.0%
D.8 (+) IronFx ADJUSTMENTS        
D.8.1 IronFx PAMM / MAM Accounts Yes PAMM / MAM = 0.5% rating | No = 0 % rating 0.5% 0.5% PAMM accounts are available by IronFx = +0.5%
D.8.2 IronFx Availability of API Trading Yes to API trading = 0.5 % rating | No API trading not available = 0.0 % rating 0.5% 0.0% No, API trading = 0% rating
    TOTAL IRONFX RATING  76.9%   

 

IronFX Global Full Licenses and Authorizations
(1) IronFX Global UK Limited is authorized and regulated by the Financial Conduct Authority (FCA no. 585561)
(2) IronFX Global Limited is authorized and regulated by CySEC (Licence no. 125/10)
(3) IronFX Global (Australia) Pty Limited is authorized and regulated by ASIC (AFSL no. 417482)
(4) IronFX Global MENA Limited is authorized and regulated by Dubai Financial Services Authority (DFSA no. F002432)
(5) IronFX Global (South Africa) (Pty) Ltd is authorized by the Financial Services Board (FSP no 45276)
(6) IronFX Global Limited Milan Branch is authorized and regulated by Consob (Reg. no. 129)
(7) IronFX Global Limited Frankfurt Branch is authorized and regulated by BaFin (Reg. no.138683)
(8) IronFX Global (Russia) LLC is a member of CRFIN (Membership no. A-8)
(9) IronFX Global (Ukraine) LLC is a member of UCRFIN (Membership no. 5)

 

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IronFx Rating -Review IronFx

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Note: The above Ironfx Rating was made using the TradingCenter Rating Formula v4.1 under authorisation