IronFX

IronFX is a retail forex and CFD broker that has been operating since 2008. It is a trade name of Notesco Financial Services Ltd, a Cyprus Investment Firm regulated by CySEC. The broker also has additional regulated entities in the United Kingdom (FCA), South Africa (FSCA), and the British Virgin Islands (FSC). Despite its long history, the brand's official registration in Anguilla dates to 2020, indicating a complex corporate structure.

The broker targets both retail and professional traders, offering a multi-asset trading environment with access to forex, metals, indices, commodities, futures, and shares. IronFX markets itself as a global broker with a presence in multiple jurisdictions, leveraging its regulatory licenses to provide a layer of client protection.

IronFX holds four regulatory licenses: CySEC (Cyprus) under a Market Making License, FCA (UK) under a Forex Execution License (STP), FSCA (South Africa) under a Derivatives Trading License, and FSC (British Virgin Islands) under an Offshore Market Making License. The CySEC license is particularly notable as it subjects the broker to European MiFID II regulations, including client fund segregation and the Investor Compensation Fund (ICF) for eligible clients.

The FCA license provides additional oversight for UK clients, while the FSCA license covers South African operations. The FSC license, however, is an offshore regulation and may offer less rigorous protection. Traders should be aware of the differences in regulatory protection depending on which entity they open an account with.

IronFX offers four distinct account types to suit different trading needs. The ECN VIP account provides a maximum leverage of 1:200 and is designed for high-volume traders seeking raw spreads. The Raw ECN account offers leverage up to 1:1000, appealing to scalpers and algorithmic traders. Standard Fixed and Standard Floating accounts both offer leverage up to 1:2000, with fixed spreads for predictable costs and floating spreads for potentially tighter pricing.

The minimum deposit requirements are not publicly disclosed on the website, which may be a consideration for traders. Leverage levels are higher than what is typically allowed under CySEC for retail clients (max 1:30), so the higher leverage options likely apply to the offshore BVI entity. Traders should verify which regulatory entity governs their account to understand applicable leverage limits.

IronFX provides a broad range of CFD instruments across six asset classes: forex (over 80 currency pairs), metals (gold, silver, etc.), indices (major global indices), commodities (oil, gas, agricultural), futures, and shares. This diversity allows traders to build a multi-asset portfolio from a single platform.

The broker exclusively supports the MetaTrader 4 (MT4) platform, a widely-used trading platform known for its stability, advanced charting, and support for expert advisors (EAs). MT4 is available for desktop, web, and mobile devices, ensuring trading flexibility. The broker also mentions its execution policy, which combines market making and STP models depending on the account type.

IronFX provides a client portal for account management, deposits, withdrawals, and trading activity. The portal is secured and requires login credentials. The broker emphasizes that all client funds are deposited with investment-grade global banks, though this claim should be verified against the specific entity.

The website includes standard risk warnings, noting that CFDs are complex instruments with a high risk of losing money rapidly due to leverage. IronFX advises clients to consider their investment objectives and risk tolerance before trading. The broker also has policies on money laundering prevention, client categorisation, and order execution, which are available as PDF documents on the site.