IronFX Review

David Okonjo

Written by

David Okonjo
Lisa Martinez

Fact Checked by

Lisa Martinez

Updated

Jan 4, 2026
Broker review header

3.5

Trust Score: 3.5/100

Based on regulatory status, company history, and financial transparency

  • Huge Bonuses
  • Fixed Spreads
  • Unlimited Leverage via affiliated entities
  • IronFX Card

Founded

2010

Headquarters

Cyprus

Why choose IronFX

IronFX is a global broker with a massive variety of account types and bonus promotions, serving millions of clients in 2026.

Pros

  • Account type for everyone
  • Generous deposit bonuses
  • Regulated in UK/EU

Cons

  • Regulatory history is complex
  • Withdrawal fees apply
IronFX logo

IronFX

Save Wishlist's

Popular choice

Min Deposit:

$50

Inactivity Fee:

No

Regulated:

Yes

Visit IronFX

See how the best brokers compare to IronFX

Visit IronFX

Complicated. Depends heavily on the account. Zero Fixed accounts have 0 spreads but higher commissions.

InstrumentStandardRaw/Pro
EUR/USD1.8 pips0.0 pips ($18 comm)
GBP/USD2.1 pips0.2 pips
USD/JPY1.9 pips0.1 pips
Gold0.500.15

Inactivity

$50/year

Withdrawal

Variable

Non-trading fees

Inactivity fee: No.

Regulated by FCA, CySEC, and ASIC, but has faced regulatory challenges in the past.

Regulatory Status

RegulatorCountryTier
FCAUK1
CySECCyprus1
ASICAustralia1
FSCASouth Africa2

Safety Features

Segregated AccountsYes
Negative Balance ProtectionYes
Investor ProtectionICF/FSCS coverage.

Many methods, but some have fees.

Deposit Options

MethodProcessing TimeFeeMin. Deposit
CardInstantFree$100
Bank Wire3 DaysFree$500
CryptosInstantFree$50

Withdrawal Options

MethodProcessing TimeFeeMin. Withdrawal
Card1-5 DaysFree (usually)$10
Wire3-5 DaysVariable$100

Base Currencies

USD, EUR, GBP, AUD, JPY, BTC

Fast. Many choices: Live Floating, Live Fixed, STP/ECN.

Account Types

Account TypeMin. DepositKey Features
Standard$100
  • Floating 1.8
  • Bonus eligible
Zero Fixed$500
  • Fixed 0.0
  • High Comm
Absolute Zero$500
  • Raw 0.3
  • No Comm (Marked up)

Verification Steps

  • Time to open: Same Day
  • Demo Account: Yes
  • Islamic Account: Yes
Open Account

Standard MT4 app.

App Features

  • Standard

MT4 is the main workhorse.

Supported Platforms

  • MetaTrader 4: Primary platform.

Compare platform providers:

IronFX offers a wide array of over 500 instruments across 6 asset classes. The forex selection is particularly strong with 83 pairs. While stock CFDs are available, the range is smaller than some competitors.

Available Instruments

0
Forex Pairs83
Indices16
Stocks145
Commodities9
Cryptos20

Leverage Limits

InstrumentMax Leverage
Forex1:1000 (Intl), 30:1 (EU/UK)
Indices50:1
Stocks10:1
Crypto10:1

Got Questions?

Engage with our growing community of traders and investors like you to find your answers.

Join Now

Frequently Asked Questions

Yes, IronFX is authorized and regulated by multiple bodies including the FCA (UK), CySEC (Cyprus), and ASIC (Australia), providing a high level of safety for clients in those jurisdictions.

The minimum deposit starts at $100 for the Standard account. Some premium or VIP accounts require higher deposits.

IronFX offers a wide variety of accounts including Standard, Premium, VIP, and Zero Fixed. Traders can choose between floating and fixed spreads depending on their strategy.

Yes, IronFX is known for its promotions and bonuses, such as the 100% Sharing Bonus and 40% Power Bonus. Note that bonuses are generally not available to clients in the UK/EU due to regulations.

No, IronFX does not accept clients from the United States.

International clients can access leverage up to 1:1000. Clients in the UK and EU are limited to 30:1 for forex pairs.

IronFX offers the specialized 'IronFX Research' app for market analysis, but primarily relies on the MT4 mobile app for trading.

IronFX mainly offers MetaTrader 4 (MT4). They also have a WebTrader. MT5 is not currently a primary offering.

You can withdraw via bank wire, credit card, Skrill, Neteller, and crypto. Withdrawal requests are processed within one business day, but funding time depends on the method.

IronFX operates as a market maker for its fixed spread accounts and offers STP/ECN execution for its live floating spread accounts.
David Okonjo

David Okonjo

Price Action • Market Strategy • Global Markets

Author of this review

David is a seasoned market strategist who has led research teams at multiple international brokerage firms. Known for his insightful market commentary, he provides daily analysis and educational content on price action trading.

Chief Market Strategist — Everything you find on BrokerAnalysis is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback.

Risk Warning: Forex/CFD trading involves significant risk. 68-80% of retail accounts lose money.|Affiliate Disclosure: We may earn commissions from listed partners.|Not Advice: For educational purposes only.

Broker terms vary by region. Verify details on broker websites.Methodology |Full Disclaimer