IronFX Review 2026
Established in 2010
•
Cyprus
• CySEC Regulated
IronFX offers forex and CFD trading services with a 3.8/5 rating. Regulated by CySEC, this broker offers spreads from 0.5 pips on EUR/USD with a minimum deposit of $100. Trade 200+ instruments including forex, CFDs, and more.
📊 IronFX Overview
IronFX is a well-established broker founded in 2010 headquartered in Cyprus. The broker operates under the supervision of CySEC , a reputable regulatory authority.
With access to 200+ tradable instruments including 83 forex pairs , IronFX caters to diverse trading strategies. The broker uses STP execution .
| Legal Name | IronFX |
|---|---|
| Founded | 2010 |
| Headquarters |
Cyprus
|
| Primary Regulation | CySEC (Tier 2 - Strong Protection) |
| Instruments | 200+ assets |
| Min Deposit | $100 |
| Max Leverage | 1:1000 |
📖 IronFX — In-Depth Introduction
Since 2010, IronFX has been serving traders worldwide, accumulating 16 years of expertise in the financial markets. IronFX operates under CySEC regulation, which provides a solid framework for investor protection. While not quite at the tier-1 level, this regulatory status ensures the broker maintains proper business practices and fund security measures. IronFX positions itself as a premium choice for cost-conscious traders, with EUR/USD spreads averaging just 0.5 pips—significantly below the industry average of 1.0 pip.
Company Background
IronFX has been operating in the financial services industry for 16 years. Headquartered in Cyprus, the company has weathered multiple market cycles including the 2008 financial crisis and the 2020 pandemic volatility, demonstrating operational resilience.
The broker provides access to 200+ tradable instruments.
💸 IronFX Fees — Complete Cost Analysis
IronFX's fee structure is designed for high-volume traders who understand that every pip counts. The 0.5 pip average spread on EUR/USD translates to real savings over hundreds of trades. IronFX operates on a spread-only model with no commission charges on standard accounts. This simplifies cost calculation—what you see in the spread is what you pay. For context, a day trader executing 5 round-turn trades daily at 1 lot each would pay roughly $25 in spread costs per day with IronFX. Over a month (22 trading days), that's $550.
Trading Costs Breakdown
💡 Cost Calculator: IronFX
Non-Trading Fees
| Fee Type | IronFX | Industry Average |
|---|---|---|
| Deposit Fee | Free | Free - $25 |
| Withdrawal Fee | Varies by method | $0 - $50 |
| Inactivity Fee | None | $10-50/month |
Want to compare fees with other brokers?
⚖️ Compare🛡️ Is IronFX Safe? — Complete Security Analysis
The 68/100 Trust Score reflects IronFX's middle-ground approach to safety. Not the safest option available, but not the riskiest either. Funds deposited with IronFX are kept separate from company funds in segregated accounts. Standard regulatory protections apply.
Regulatory Framework
IronFX holds a CySEC license.
Security Features Checklist
Understanding the Trust Score
Our 68/100 Trust Score is calculated using 15+ safety factors including regulation, company history, financial transparency, and client fund protection.
📋 Methodology👤 Who Should Use IronFX?
✅ Best For
- Beginners will appreciate IronFX's low $100 minimum deposit, free demo account, and educational resources. The learning curve is manageable, making it suitable for those just starting their trading journey.
- Scalpers and high-frequency traders should consider IronFX for its 0.5 pip spreads and rapid execution. Every fraction of a pip saved adds up when executing dozens of trades daily.
- Muslim traders can benefit from IronFX's swap-free Islamic accounts, which comply with Sharia principles. No interest is charged on overnight positions.
- IronFX's copy trading functionality makes it ideal for passive investors who want market exposure without active management. Follow successful traders and replicate their strategies automatically.
❌ May Not Suit
- Traders prioritizing maximum safety may prefer tier-1 regulated alternatives with stronger investor protection schemes.
Looking for alternatives?
📝 The Bottom Line on IronFX
IronFX is a decent option worth considering with a 3.8/5 rating.
📈 IronFX Detailed Scores
Our expert team evaluates brokers across 8 key categories. Here's how IronFX performed in our rigorous testing:
IronFX is a decent choice but has areas that could be improved.
💰 IronFX Fees & Spreads
Understanding trading costs is crucial for profitability. IronFX uses a variable spread model with no commission on standard accounts. The average EUR/USD spread is 0.5 pips — one of the lowest in the industry.
📊 Typical Spreads
| Pair | Min | Average |
|---|---|---|
| EUR/USD | 0.5 | 0.5 pips |
| GBP/USD | 0.8 | 1.2 pips |
| USD/JPY | 0.6 | 1.0 pips |
| XAU/USD | 15 | 25 cents |
💳 Other Fees
| Commission (ECN) | No commission |
| Deposit Fee | Free |
| Withdrawal Fee | Free (method dependent) |
| Inactivity Fee | None |
| Swap-Free (Islamic) | ✓ Available |
💡 Trading Cost Example
Trading 1 standard lot (100,000 units) of EUR/USD with IronFX:
- Spread Cost: 0.5 pips × $10/pip = $5.0
- Commission: $0
- Total Cost: $5.0 per lot
🛡️ IronFX Regulation & Safety
IronFX is regulated by CySEC, a Tier 2 - Strong Protection regulatory authority. This provides a solid level of investor protection, including fund segregation and dispute resolution mechanisms.
📜 Regulatory Licenses
🔒 Safety Features
- ✓ Segregated Client Funds
- ✓ Negative Balance Protection
- ✗ Investor Compensation
- — Publicly Traded
🎯 Trust Score: 68/100
Moderate Trust: IronFX meets industry standards for safety and regulation.
🖥️ IronFX Trading Platforms
IronFX offers 3 trading platforms, giving traders flexibility in how they access the markets. Mobile apps are also available for iOS and Android.
MetaTrader 4
The world's most popular forex platform. Ideal for beginners and algo traders with Expert Advisor support.
- ✓ Expert Advisors (EAs)
- ✓ Custom Indicators
- ✓ One-Click Trading
- ✓ Mobile & Desktop
MetaTrader 5
Advanced multi-asset platform with more timeframes, order types, and improved backtesting.
- ✓ 21 Timeframes
- ✓ Depth of Market
- ✓ Economic Calendar
- ✓ Multi-Asset Support
📋 Platform Comparison
| Feature | MT4 | MT5 | cTrader |
|---|---|---|---|
| Available | ✓ | ✓ | ✗ |
| Copy Trading | ✓ | ✓ | ✓ |
| Algo Trading | ✓ | ✓ | ✗ |
| VPS Available | ✓ Free VPS | ||
| API Access | Not available | ||
🌐 IronFX Tradable Instruments
IronFX offers access to 200+ tradable instruments across multiple asset classes. This includes 83 forex pairs .
👤 IronFX Account Types
IronFX offers various account types to suit different trading needs and experience levels. Demo accounts are available for practice. Swap-free Islamic accounts are also available for Muslim traders.
Practice with virtual funds
Compliant with Sharia law
Not available
Not available
Replicate successful traders
💳 IronFX Deposits & Withdrawals
IronFX requires a minimum deposit of $100 — one of the most accessible in the industry.
📥 Deposit Methods
- 💳Credit/Debit Cards
- 🏦Bank Wire Transfer
- 📱E-Wallets (Skrill, Neteller)
📤 Withdrawal Methods
- 💳Credit/Debit Cards
- 🏦Bank Wire Transfer
- 📱E-Wallets
⚖️ IronFX Pros & Cons
✅ Pros
- Ultra-low spreads from 0.5 pips on EUR/USD
- Regulated by CySEC with investor protection
- Offers both MetaTrader 4 and MetaTrader 5 platforms
- Free demo account available for practice
- Low minimum deposit of just $100 makes it accessible
- Negative balance protection for retail traders
- Copy trading available for passive investing
- Swap-free Islamic accounts available
❌ Cons
- Limited educational resources for advanced traders
📚 IronFX Education & Research
IronFX's educational offerings are limited compared to some competitors.
Limited
Not available
Basic coverage
Available on trading platforms
🎧 IronFX Customer Support
IronFX offers customer support to assist traders with their queries.
⭐ IronFX User Reviews
📝 User reviews will be displayed here. Share your experience with IronFX!
Write a Review🏆 IronFX — Our Verdict
IronFX is a decent broker with some limitations. With CySEC regulation, 0.5 pips EUR/USD spreads, and a $100 minimum deposit, this broker is particularly accessible for beginners .
Best for: Scalpers and high-frequency traders , Beginners with limited capital , Passive investors
⚠️ Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail investor accounts lose money when trading CFDs with this provider. Consider whether you understand how CFDs work and whether you can afford the high risk of losing your money.
❓ IronFX — Frequently Asked Questions
Is IronFX a safe and regulated broker?
Yes, IronFX is regulated by CySEC, which is a Tier 2 - Strong Protection regulatory authority. Client funds are kept in segregated accounts with negative balance protection.
What is the minimum deposit at IronFX?
The minimum deposit at IronFX is $100. This is considered low and accessible for beginners.
What trading platforms does IronFX offer?
IronFX offers the following trading platforms:
- MetaTrader 4 (MT4) — The most popular forex trading platform
- MetaTrader 5 (MT5) — Advanced multi-asset platform
- Web Platform — Trade directly from your browser
- Mobile Apps — Available for iOS and Android
What are IronFX's spreads on EUR/USD?
IronFX offers EUR/USD spreads with an average of 0.5 pips.
How long do withdrawals take at IronFX?
Withdrawal processing times at IronFX depend on the payment method:
- E-wallets: 0-24 hours
- Credit/Debit Cards: 2-5 business days
- Bank Transfers: 3-7 business days
Does IronFX offer a demo account?
Yes, IronFX offers free demo accounts with virtual funds so you can practice trading without risking real money. This is an excellent way to test the platform and develop your trading strategy.
What is IronFX's maximum leverage?
IronFX offers maximum leverage of 1:1000. However, note that leverage limits vary by region due to regulatory requirements:
- EU/UK/Australia: Up to 1:30 for major forex pairs (retail)
- Professional traders: Higher leverage may be available upon qualification
- Other jurisdictions: Leverage up to 1:1000 may be available
Higher leverage increases both potential profits and potential losses.
Can I use IronFX in ?
IronFX accepts traders from . The broker operates under CySEC regulation. Always verify current availability and applicable regulations on the broker's website.
Does IronFX offer Islamic (swap-free) accounts?
Yes, IronFX offers Islamic (swap-free) accounts that comply with Sharia law. These accounts do not incur swap charges for positions held overnight. Contact IronFX's support to request an Islamic account.
What instruments can I trade with IronFX?
IronFX offers access to 200+ tradable instruments:
- 83 Forex currency pairs
