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Trade Forex CFDs with your Multi-Asset Broker IronFX
Things are different for silver and platinum – silver is still traded for industrial purposes, as platinum, which is also much rarer than silver or gold. With tight spreads as low as 0.04 and 1% margin requirements, IronFX offers its clients a great opportunity to profit from the global gold and silver https://forexarena.net/ markets. The spreads on platinum and palladium are, of course, higher since palladium is not only 30 times as rare as gold but also more valuable than gold. IronFX, founded in 2010, is a forex and CFD broker regulated by multiple authorities, including ASIC, FCA, and under MiFID regulations.
IronFX Alternative – IC Markets
The Premium Account is for traders who can afford to deposit at least $1,000. All base currencies can be registered and Premium Account holders will enjoy no commission on trades. Choose between Live and STP/ECN trading accounts, offering both floating and fixed spreads. Moving from being a novice to an expert in forex trading requires constant learning. Utilizing tools like demo accounts to refine strategies and build confidence is a smart move, especially before committing substantial capital. The key to a profitable trading journey is to start small, master forex trading, and then gradually increase your positions.
IronFX Deposits & Withdrawals Options
Overall, IronFX is considered safe for SA based traders due to their regulation with FSCA & multiple other top-tier regulators. IronFX is a multi-regulated broker, and account verification is mandatory. Most traders will pass verification after submitting a copy of their ID and one proof of residency document. IronFX might ask for additional information on a case-by-case basis. IronFX is a forex and CFD broker that is headquartered in Cyprus and also has offices in the UK, South Africa, and elsewhere.
IronFx Trading Platforms
A commission is charged, however, because the broker needs to be compensated in some way. With STP or ECN accounts, clients’ orders are not processed by the dealing desk and are instead forwarded to the interbank market. This provides faster execution, more liquidity, as well as more accurate prices.
IronFX’s Desktop MT4 Platform
Provided by Trading Central, the Technical Views section affords a more detailed insight into current trading opportunities. Price action is examined more intricately, utilizing more indicators. The materials underpin key support and resistance levels and pivot points. Notesco Limited does not accept clients from the U.S., Cuba, Sudan, Syria, and North Korea. It is even more cumbersome than the platform’s desktop version, and carrying out sophisticated technical analyses on a small-screened device is virtually impossible.
IronFX’s Non-Trading Fees
- These orders can be placed through the forex broker’s trading platform, which gives access to real-time pricing information and charts.
- Generally, the accounts are suitable for beginners and advanced traders.
- To open a trading account with IC Markets, you’ll need to make an initial minimum deposit of $200.
- Traders can open an IronFX account via the online application form, which follows well-established industry standards.
- I always recommend that traders check them before evaluating the total trading costs.
The trading ideas and market analyses are well-researched and with a clear focus. In my experience, market execution is better suited for day trading and position trading strategies where volume is important. But it is less so for intraday trading strategies, such as scalping, where precise order filling is more important. Phone support is available only to active clients with their account managers. Customer support via live chat is available in English, French, Spanish, Chinese, Japanese, Korean, and Farsi. Before you connect to an agent, you have to provide your name, email, and account number (if applicable), and choose a preferred language.
72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs, FX or any of our other products work and whether you can afford to take the high risk of losing your money. Yes, IronFX does offer a free demo trading account for beginners to practice forex trading. IronFX provides 7 different live trading accounts, Standard, Premium, VIP, Live Zero Fixed Spread, No Commission, Zero Spread, and Absolute Zero. Overall, IronFX provides 7 different live trading accounts, Standard, Premium, VIP, Live Zero Fixed Spread, No Commission, Zero Spread, and Absolute Zero.
IronFX is authorized and regulated by the Financial Sector Conduct Authority (FSCA). We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly. Use our international search tool to find a broker that accepts clients from your country.
Go to ‘Bonus’ under ‘Trading Requests’, choose your account and submit your request. Increase your starting balance with 40%, trade and keep all your profits. For example, if you deposit $10,000, you will get an additional $10,000 bonus to trade with. Open an additional account to claim your bonus and trade with confidence. Yes, IronFX is authorized and regulated by the Financial Sector Conduct Authority (FSCA).
Jeff holds a Bachelor’s Degree in English Literature with a minor in Philosophy from San Francisco State University. All websites and web-based platforms are tested using the latest version of the Google Chrome browser. Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running the latest version of macOS to test trading on the go. We test mobile apps and products using iPhones running iOS 17 and Samsung devices running Android OS 14.
Broker provides its customers with standard contact options on its website that can be used to make general enquiries and get support on technical issues. These include telephone, live chat and an email contact form with staff available on a 24/5 basis during the trading week. Over the weekend, you can leave a message for when support resumes, as shown below.
However, they do change over time and vary between countries, so check the current offers available when you sign up. Finally, investors benefit from the latest features from Trading Central via the Client Portal as well as from trading widgets including a currency converter, a pip, margin and profit calculator. Withdrawal times vary depending on the banking provider but range from the same day to 10 days.
Payments typically take up to 24 hours, though wire transfers may take up to five business days. Yes, The minimum deposit required to open an IronFX Account is ironfx minimum deposit $100 USD. Overall, IronFX can be summarised as a trustworthy and regulated broker that is authorized and regulated by the Financial Sector Conduct Authority.
Though it supports an impressive range of third-party tools and plugins, IC Markets’ research and education offerings are not as impressive as those offered by industry leaders. In our analysis of 23 international regulators across 62 of the best forex brokers, IC Markets is considered Trusted, with an overall Trust Score of 84 out of 99. IronFX is considered Trusted, with an overall Trust Score of 83 out of 99.
Trading according to the market analysis has really helped me increase my profit, for sure IronFX is really the main deal!! This average customer rating is based on 17 IronFX customer reviews submitted by our visitors. Expert Advisors (EAs) are supported on the MetaTrader 4 platform, so automated trading is possible. With that said, the brokerage does have plans to introduce MT5 in the future.
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