IronFX at a glance
IronFX is a global forex and CFD broker established in 2010, offering access to Forex, Metals, Indices, Commodities, Futures and Shares. The broker provides MT4, WebTrader, VPS hosting, PMAM and TradeCopier services, with multiple account structures offering fixed or floating spreads and leverage up to 1:2000 on the current global offering. IronFX operates through multiple legal entities, including regulated entities in the British Virgin Islands, United Kingdom, Cyprus and South Africa.
IronFX reports a founding year of 2010 and a head office in Road Town, Tortola, British Virgin Islands. It lists 5 regulators and 6 trading platforms.
BrokerBazaar verdict
IronFX is an established global CFD broker with a substantial regulatory footprint, including FCA, CySEC, FSCA and BVI FSC entities, but the protections available to clients depend heavily on the entity they are onboarded under. The current global registration route uses the BVI entity, while the group's Cyprus entity is no longer accepting new retail clients, making entity-level verification essential before opening an account.
Legal entities, regulation and licences
IronFX operates through 5 legal entities, each supervised separately. Your account is with one specific entity, so the protections you receive depend on which one onboards you, not on the group's strongest licence. Overall, the group is supervised by no regulator we could map to a public register.
Licence check: Not independently checked. This broker has submitted its details. BrokerBazaar has not yet independently checked them. A company registration or general business licence is not permission to offer regulated brokerage services; only the register entries linked in the table count.
Countries accepted and restricted
IronFX states that it accepts clients from 190 Countries, Excluding Restricted Jurisdictions. Availability is decided per entity and can change without notice; residents of jurisdictions such as the USA, and often the EU and UK, are frequently excluded from offshore entities.
Known restrictions flagged in our review: - CySEC entity is no longer accepting new retail clients.
Trading products, platforms and account types
Instruments: Forex, Metals, Indices, Commodities, Futures, Shares, Cryptocurrencies. Platforms: MetaTrader 4, WebTrader, MT4 Advanced, MT4 Multi-Terminal, PMAM, TradeCopier. Account types: Standard Floating, Standard Fixed, Raw ECN, ECN VIP, Standard, Premium, VIP, Live Zero Fixed Spread, Demo, Islamic.
Best-for tags assigned by our team: Forex Trading, CFD Trading, Day Trading, Copy Trading, Algorithmic Trading, Scalping, High-Leverage Trading, Fixed Spreads, Floating Spreads, VPS Trading.
Minimum deposit, spreads, commissions and other charges
The minimum deposit is $50. Spreads start from 0.0 pips and commission is None (standard) · $0 (raw). Maximum leverage is Up to 1:2000, subject to the cap of the entity that holds your account.
Swap-free / Islamic account: available (conditional). Swap type: variable. Headline spreads are usually quoted for the most expensive account tier's cheapest instrument; compare total cost for your typical trade.
Deposits and withdrawals
Deposit methods: FasaPay, Local Transfer, Wire Transfer, Skrill, Neteller, Credit Card, Debit Card, Paysafe, Cryptocurrency. Withdrawal methods: Wire Transfer, Credit Card, Debit Card, Local Transfer, FasaPay, Skrill, Neteller, Paysafe, WebMoney.
Withdrawal speed and fees are set by the entity and payment provider. Withdrawal delays are the most common complaint category on BrokerBazaar across all brokers; keep identity documents current and withdraw to the same method you deposited with where required by anti-money-laundering rules.
Execution model, negative balance protection and client money
Negative balance protection: Yes. Scalping allowed: Yes. Algorithmic trading allowed: Yes. News trading allowed: Yes. Hedging: hedging. These conditions were compiled from public information and have not yet been confirmed by the broker.
Client-money rules follow the regulator of the entity that holds your account. Check that regulator's rules on its register.
Complaints and dispute process
Formal complaints: complaints@ironfx.com. Phone: NOT VERIFIED. Clients can submit complaints through IronFX support channels and the published Complaint Handling Policy. The current website provides a dedicated complaint-handling document through its legal-documents section. WikiFX currently records a seven-working-day response reference, but for BrokerBazaar I recommend relying on the company's published complaint policy rather than treating third-party timing as an official SLA.
If the broker does not resolve a complaint, escalate to the ombudsman or regulator of the entity that holds your account. BrokerBazaar's Dispute Support Desk can help you document and escalate a case.
Strengths and limitations
- Strength: - Operating since 2010
- Strength: - Large international presence
- Strength: - FCA-regulated UK entity
- Strength: - CySEC-regulated Cyprus entity
- Strength: - FSCA-regulated South African entity
- Strength: - BVI FSC-regulated entity
- Strength: - Minimum deposit from $50
- Strength: - Spreads from 0.0 pips
- Strength: - Leverage up to 1:2000 on eligible global accounts
- Strength: - MetaTrader 4
- Strength: - WebTrader
- Strength: - MT4 Advanced tools
- Strength: - Free VPS hosting
- Strength: - PMAM accounts
- Strength: - TradeCopier copy trading
- Strength: - Fixed and floating spread accounts
- Strength: - Islamic accounts
- Strength: - Negative balance protection
- Strength: - Segregated client funds
- Strength: - 80+ currency pairs
- Strength: - 500+ advertised trading instruments
- Strength: - 24/5 customer support
- Strength: - Extensive educational resources
- Limitation: - Main global registration currently uses the BVI offshore entity
- Limitation: - No current UAE SCA licence verified
- Limitation: - Regulatory protection varies substantially by entity
- Limitation: - CySEC entity is no longer accepting new retail clients
- Limitation: - Some group entities are not regulated
- Limitation: - Very high leverage of up to 1:2000 increases risk
- Limitation: - Spreads can be relatively high on some indices
- Limitation: - Swap costs can be high on some instruments
- Limitation: - No MT5 currently verified on the main global offering
- Limitation: - No cTrader platform
- Limitation: - $50 inactivity/dormancy fee applies annually
- Limitation: - Complex multi-entity corporate structure
- Limitation: - India is currently excluded from the main site's services
- Limitation: - Trustpilot rating is only 2.3/5
- Limitation: - Numerous recent public complaints concern withdrawals and customer support
- Limitation: - Public review ratings differ substantially between platforms
Who this broker suits, and who it does not
IronFX is most relevant to traders looking for: Forex Trading, CFD Trading, Day Trading, Copy Trading, Algorithmic Trading, Scalping, High-Leverage Trading, Fixed Spreads, Floating Spreads, VPS Trading.
It is less suitable for anyone who needs a strict-tier regulator in their own country of residence, for residents of restricted jurisdictions, and for beginners who have not yet understood leverage and margin. Nothing on this page is personal financial advice.
IronFX change history
Every published fact change, with the previous value and the date it took effect. Each entry says whether the broker made the change itself or our editors checked it against an official source. Regulation and licence claims are always checked by an editor.
No fact changes recorded for IronFX yet. Changes appear here as soon as the broker updates its profile or our editors confirm a change.
Frequently asked questions about IronFX
Data sources. Broker submission, the regulator registers linked above, web-archive and domain records, and third-party traffic data. No independent licence check date is recorded yet. External ratings: Trustpilot 2.4/5; WikiFX 7.87/10; Forex Peace Army 1.7/5; Apple App Store N/A/5; Google Play Store N/A/N/A.
Commercial disclosure. BrokerBazaar is independent and not owned by any broker. We have no commercial relationship with IronFX. How we make money. Trading leveraged products carries a high risk of loss.