Brokers  /  IronFX

IronFX

Low riskForex / CFD broker
Anguilla · 5-10 years · since 2020-11-13 · Notesco Int Limited
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Independent ratingshow third parties score this broker
WikiFX7.82/10
Trustpilot/5
Forex Peace Army/5
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IronFX operates in your country (United States) — but holds no local license. You’d likely be onboarded under an offshore entity, which means weaker fund protection. Confirm which entity before depositing.
19
Low risk
Scam Risk Scoremonitored · 2026-07-28
Lower riskHigher risk
  • Authorised by Tier-1 regulator(s): CYSEC, FCA
  • Registered in Anguilla (offshore, light oversight)
How this score is calculated — view the open algorithm

A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.

FactorScoreWeight
Regulation & licensing835%
Company age2215%
Clone / impersonation012%
Withdrawal & exposure complaints012%
Offshore registration808%
Transparency (site/info/social)4710%

Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.

Company
Legal nameNotesco Int Limited
Headquarters Anguilla
Founded2020-11-13
Years operating5-10 years
Employees0
Official websiteironfx.com
Trading conditions
Avg execution speed353 ms AA
Avg slippage2 C
Swap ratingD
Trading cost ratingAAA
Monitored traders373
Monitored orders2,477
Funding & instruments
Deposit methods · --
Withdrawal methods · --
InstrumentsForexMetalsIndicesCommoditiesFuturesShares

Regulation & licenses · 4

RegulatorLicense typeLicense No.RegionStatus
CYSECMarket Making License (MM)125/10CyprusRegulated
FCAForex Execution License (STP)585561United KingdomRegulated
FSCADerivatives Trading License (EP)45276South AfricaRegulated
FSCMarket Making License (MM)SIBA/L/24/1175The Virgin IslandsOffshore Regulation

Account types · 4

AccountMax leverageMin. depositMin. spreadCommissionEA
ECN VIP1:200--Forex 0.3, Gold 1.1No
Raw ECN1:1000--Forex 0, Gold 1.1--
Standard Fixed1:2000--Forex 1.2, Gold 2.5 No
Standard Floating1:2000--Forex 1.2, Gold 2.5No

Review analysis AI

IronFX presents a low FXCanary Scam Risk Score of 19/100, indicating a well-regulated entity with a long operational history. The multiple regulatory licenses from CySEC, FCA, FSCA, and FSC provide a layer of credibility. However, the discrepancy between the advertised founding year (2008) and the Anguilla registration date (2020) raises some minor flags. Overall, the broker appears legitimate for traders who understand the risks of high-leverage trading.

Best for
  • Traders seeking high leverage up to 1:2000
  • Experienced traders interested in raw spreads from 0.0 pips
  • Clients wanting multi-jurisdictional regulatory oversight
Not for
  • US residents (likely not US-regulated)
  • Beginners with limited capital (high leverage increases risk)
  • Traders preferring a wider range of platforms beyond MT4
Period:

Real user reviews

Where IronFX operates

Active across 62 markets (by market presence). Licensing rarely covers all of them — where it isn’t locally licensed, you’re onboarded under an offshore entity with weaker protection.

🇨🇾 Cyprus Licensed
🇩🇪 Germany EEA
🇯🇵 Japan
🇫🇷 France EEA
🇺🇸 United States
🇰🇷 South Korea
🇻🇳 Vietnam
🇮🇹 Italy EEA
🇨🇴 Colombia
🇳🇬 Nigeria
🇮🇩 Indonesia
🇷🇺 Russia
🇩🇲 Dominica
🇧🇷 Brazil
🇨🇮 Ivory Coast
🇮🇳 India
🇨🇭 Switzerland
🇬🇭 Ghana
🇬🇧 United Kingdom Licensed
🇿🇦 South Africa Licensed

🇪🇺 Passported across 16 EU/EEA countries under its EU license.

Market presence: WikiFX SkyEye · complaints: our records · licensing: official registers. Where you’re accepted is set by the broker’s own terms — always confirm before depositing.

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What IronFX says about itself as stated by the broker · not independently verified by FXCanary

Company Profile

IronFX describes itself as a regulated brokerage founded in 2008, registered in Cyprus, and operating under the trade name Notesco Financial Services Ltd. The broker claims authorization and regulation by the Cyprus Securities and Exchange Commission (CySEC) under license number 125/10. Additionally, IronFX states that it holds licenses from the Financial Conduct Authority (FCA) in the UK, the Financial Sector Conduct Authority (FSCA) in South Africa, and the Financial Services Commission (FSC) in the Virgin Islands.

Trading Accounts

According to its website, IronFX offers four account types: ECN VIP, Raw ECN, Standard Fixed, and Standard Floating. The broker claims that the Raw ECN account provides spreads from 0.0 pips and leverages up to 1:1000, while the Standard accounts allow leverage up to 1:2000. The ECN VIP account is marketed for high-volume traders with a maximum leverage of 1:200.

Instruments and Platforms

IronFX states that it offers trading in over 80 currency pairs, as well as metals, indices, commodities, futures, and shares. The broker exclusively provides the MetaTrader 4 (MT4) trading platform, which it promotes as a popular and user-friendly tool for retail traders.

Risk Disclosure

The broker prominently warns that CFDs are complex instruments with a high risk of losing money rapidly due to leverage. It advises clients to consider their investment objectives and risk tolerance before trading. IronFX also claims that all client funds are deposited with investment-grade global banks.

About IronFX

Overview

IronFX is an online multi-asset brokerage operating under the trade name Notesco Financial Services Ltd. The broker is registered in Cyprus and claims an establishment date of 2008, though corporate records indicate a registration in Anguilla in 2020-11-13. IronFX offers retail leveraged trading in forex, metals, indices, commodities, futures, and shares via the MetaTrader 4 platform. The broker targets both retail and professional traders with a range of account types and high leverage options.

Regulation

IronFX holds multiple regulatory licenses across jurisdictions. The primary license is from the Cyprus Securities and Exchange Commission (CySEC) under license number 125/10, allowing the firm to operate as a Market Maker (MM). In the United Kingdom, the broker is regulated by the Financial Conduct Authority (FCA) as an STP broker.

In South Africa, it is licensed by the Financial Sector Conduct Authority (FSCA) as a Derivatives Trading provider (EP). Additionally, the broker holds an offshore Market Making license from the Financial Services Commission (FSC) in the Virgin Islands. This multi-regulatory structure provides oversight but also introduces jurisdictional complexities.

Account Types and Trading Conditions

IronFX provides four distinct account types: ECN VIP, Raw ECN, Standard Fixed, and Standard Floating. The ECN accounts offer raw spreads from 0.0 pips and are designed for experienced traders, while the Standard accounts feature fixed or floating spreads with higher maximum leverage (up to 1:2000). The Raw ECN account allows leverage up to 1:1000, and the ECN VIP caps at 1:200. Minimal deposit requirements are not disclosed on the official site. The broker supports the MT4 platform only, which is widely used for forex and CFD trading.

Instruments

The broker claims to offer over 80 currency pairs, along with metals, indices, commodities, futures, and shares. This diverse product range allows traders to access multiple asset classes from a single account. However, specific instruments and their availability may vary depending on the account type and regulatory restrictions per jurisdiction.

Funding and Client Funds

IronFX states that all client funds are deposited with investment-grade global banks, implying a high level of fund security. The broker also publishes a Client Portal where traders can manage their accounts. The exact funding methods (bank transfer, credit cards, e-wallets) are not detailed on the public website, but the presence of a client portal suggests standard deposit and withdrawal options.

Social Presence

IronFX maintains an active social media presence on Facebook, Instagram, LinkedIn, and YouTube. These channels are used to share market news, educational content, and company updates, which may be useful for traders seeking additional resources.

Overview compiled by FXCanary from regulatory records and public data. full IronFX review