Iron Fx Review – A Review of the Iron Fx Minimum Deposit
Iron fx is a popular Forex broker that offers a range of trading accounts and flexible leverage. Its features include a bespoke interface, fast deposit, and withdrawal methods, and an attractive bonus program for new and existing clients.
Several financial authorities regulate IronFX in the European Union and the UK. Clients in Europe and the UK are protected with segregated client bank accounts and monetary compensation if IronFX fails to pay their trades.
Iron fx is Cyprus-based forex and CFD broker with offices in London, Sydney, and Johannesburg. It opened for business in 2010 and is licensed by the CySEC, Financial Conduct Authority (FCA), and Australian Securities and Investments Commission (ASIC).
It offers a wide range of forex pairs, including popular options like EUR/USD and GBP/USD and exotic ones such as AUD/PLN (Australian dollar/ Polish zloty) or EUR/CZK (Euro/ Czech koruna). Clients can trade 84 currencies, 31 commodities, 149 stocks, and 32 cryptocurrencies.
Traders can open an account with IronFX via the company’s website or a mobile app. To fund their accounts, traders can use wire transfers, credit cards, e-wallets, and FasaPay.
The minimum deposit required by IronFX is $100 for the Micro Account, $500 for the Zero Fixed Account, and $1,000 or $10,000 for Premium or VIP accounts. The trading fees vary by account type. Typically, the commission is between 0 and 4.5 USD per standard lot for some currency pairs.
Iron fx offers various account types and leverage levels, allowing clients to choose the best account for their trading goals. The broker also has several bonus programs, including a refer-a-friend program that gives new traders up to $200 in cash when their friends deposit money.
Traders can deposit money into their accounts using several payment methods, such as bank wire transfers and credit or debit cards. However, note that some of these options may have fees.
In addition to forex pairs, Iron fx allows traders to trade CFDs on stocks and commodities. These include US, UK, French, and German stocks.
Traders can open an account with Iron fx by registering a personal account online and providing their first name, last name, phone number, and email address. They should verify their identity by submitting a valid driver’s license or passport.
Iron fx is a broker that offers several trading accounts with different leverage levels and spreads. However, traders should know that high leverage can lead to severe losses.
To withdraw funds from your Iron fx account, you can use bank wires, credit/debit cards, Neteller, Skrill, or Dotpay. Withdrawals typically take 24-48 hours to process.
The minimum deposit is $100 for the Standard account and $500 for the Absolute Zero option. The broker does not allow withdrawals to residents of certain jurisdictions, including the United States, Cuba, Sudan, Syria, and North Korea.
Iron fx is regulated by the Cyprus Securities and Exchange Commission (CySEC), the UK’s Financial Conduct Authority (FCA), and the Financial Sector Conduct Authority (FSCA) in South Africa. The company’s customers are also protected under Cyprus’s Financial Services Compensation Scheme.
The customer support team at iron fx is available around the clock to answer any questions or concerns. They can be contacted via email, live chat, and phone.
As a global online trading company, IronFX offers traders over 300 tradable instruments in 6 asset classes. This includes Forex, Indices, Stocks, Shares, Metals, and CFDs.
It also has a dedicated education section that features videos, e-books, guides, and a trading encyclopedia. This makes it a great educational resource for beginners and more advanced traders.
The company has been regulated by the Cyprus Securities and Exchange Commission (CySEC), the Financial Conduct Authority (FCA) in the United Kingdom, and the Australian Securities and Investment Commission (ASIC). Their client support is available in 30 languages.