Transparency is a term that has been bandied about the brokerage industry to connote integrity and trust, but saying it is once thing, and living it is another. IronFX.com entered the forex fray in 2010 and immediately displayed transparency from the first day it opened its doors. Not only is everything adequately explained and disclosed on their website and more, the firm has willingly approached various regulatory bodies for independent verification of their voracity and integrity in all matters. As a result, they have been honored with more than fifteen industry awards, all assigning “Best” to its various activities.
IronFX is also a company of global substance. They boast 50 worldwide offices and over 1,100 employees that service clients in over 180 countries. Support is not limited to a few well-known languages – the most multi-lingual staff on the planet speaks over 46 languages. Do you sleep better at night if regulators have oversight on your broker’s operations? No problems with this firm. As the management attests, the firm “is authorized and regulated by FCA, ASIC, FSP, CRFIN, CySEC. The company is a member of Eurex and is also an EU regulated and MiFID compliant firm.” Unfortunately, U.S. clients are not accepted at this time.
From a product perspective, IronFX specializes in Forex, CFDs on US and UK stocks, commodities, and spot metals. You may choose from over 3000 investment instruments. The staff has also elected to go with the highly popular MetaTrader product line of trading platforms. Whether traditional MT4, web-based or fully mobile, your demands can be met by IronFX’s many offerings, which deliver the tightest spreads in the industry as a STP/ECN broker. Various account classification have been tailored to meet the needs of the most discerning of clients, starting with a Micro Account at $50 and moving quickly to more premium varieties that include additional benefits. Demo and Islamic accounts are also available, and leverage can reach as high as 500:1.
Why trade with IronFX.com? The firm lists these reasons:
Global Leader in online trading with more than 50 offices worldwide and 1,100 employees to support your needs;
The management team has a heritage of success and is directly associated with such industry leaders as ACM and FXPro;
The firm has voluntarily subjected itself to regulatory scrutiny and compliance from a host of countries in Europe and around the globe;
Client funds are held in segregated accounts with Tier 1 banks like UBS, Barclay’s and Bank of America;
Broad array of global liquidity banks ensure best pricing and instant execution of orders;
STP/ECN services ensure no slippage or re-quotes – scalping allowed;
Over 3000 instruments can be traded on a variety of MetaTrader platforms;
Research and analysis provided by leaders in the industry;
Five account classifications can be tailored for individual client requirements, and Islamic and Demo accounts are also supported;
Customer support in 46 languages 24X7;
In four short years, the firm has garnered 15 prestigious industry awards for excellence in such areas as customer service and order execution to best FX newcomer and fastest growing FX broker.
Spreads and Leverage
STP/ECN services ensure the tightest spreads in the industry, along with no slippage or re-quotes. Scalping strategies are allowed within this trading framework, and leverage up to 500:1 is also available.
The various platform offerings of MetaTrader form the backbone of the operating protocols for IronFX. Each platform can be modified, depending on your desire for fixed or variable spreads, or whether you wish to be mobile and deal only with web-based trading sessions. The latest in SSL technology is used to encrypt all trading sessions for security purposes, thereby safeguarding your personal identity information from hacking of any kind.
Deposits and Withdrawals
There are no limitations on how money must be deposited with IronFX. Major credit and debit cards, bank wire transfers, Skrill, Neteller, Webmoney, and a host of local alternative payment methods are supported. Withdrawal requests are handled quickly, as long as the necessary documentation, determined by international law for all global brokers, is on file.
Beginner's and Customer Support
The depth and quality of customer assistance is unmatched in the industry. IronFX was the first firm to offer over 20 languages of support. They now tout 46. Individual client representatives will be assigned for more premium accounts, but the service even at the micro level is superb. Access is 24X7 via live-chat, email, fax or direct phone line. Client deposits are always segregated from operating capital in Tier 1 banks like UBS, Barclays, and Bank of America. Daily commentary from experts in the industry complements a broad array of training and support materials.
In four short years, IronFX has become a global leader in online trading. It has chosen to excel in many categories and has been recognized for its efforts by receiving more than its share of industry awards (fifteen at this writing). The firm operates out of Cyprus, but does have a representative office in London and a host of offices in other countries. The firm has also gone out of its way to invite various regulatory bodies to opine on its compliance activities. The London Stock Exchange has actually cited the company as one of the “front runners for best practices in today’s competitive brokerage business.” As the accolades continue to pile up, it is difficult to see how other brokers can keep up with the pace of IronFX. Client funds are very safe in Tier 1 banks; liquidity is excellent; customer service is of the charts; and, reliability and integrity are already accepted hallmarks of this management team. Trading with IronFX is, in every sense of the phrase, a “no brainer”.