Best Forex Brokers:IronFX Review
IronFX is a Cyprus based broker that allows traders access to a variety of markets and offers a multitude of trading opportunities for their clients. IronFX Global complies with international regulatory standards, and is authorized and regulated by FCA, ASIC, FSP, CRFIN, UCRFIN and CySEC. With a large list of available trading instruments, the trader will always find a way to participate in Forex global markets. IronFX maintains over 55 offices worldwide with more than 1,200 employees and provides customer support in over 45 different languages.
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IronFX offers more than 200 instruments in Forex, spot metals and CFDs on US and UK stocks and commodities. IronFX Global serves retail and institutional customers from over 180 countries in Europe, Asia, the Middle East, Africa and Latin America. They offer15 trading platforms and leverage up to 1:500. Because of this, we can see that there is almost always going to be a way of taking advantage of currency movements. However, the opportunities don’t stop there either. They also offer futures contracts and spot metals (via the CFD market) that can lead to other trading opportunities, or if the trader prefers – to be used as a barometer for well known correlations between currencies and commodities such as the relationship between gold and the Australian dollar.
IronFX offers multiple account sizes. The micro account can be opened with as little as $500 USD (or equivalent) and allows the trader access to as many as 170 tradable instruments. This allows the “little guy” to step into a truly global marketplace, and take advantage of the various markets in an affordable way.
IronFX has variable spreads in the Forex markets, with very tight spreads during typical trading conditions. The broker also offers a 500 to 1 leverage amount, so as a result you get a large amount of leverage in order to take advantage of using small amounts of margin. It should be noted that the CFD market for stocks has a fixed and small spread for traders.
The platform
IronFX uses Metatrader4, one of the most familiar platforms on the planet. This platform has a multitude of indicators, and there are almost limitless ones on the Internet that you can download. Automatic trading is possible, and as a result the MT4 platform is one of the most favored by traders.
Beyond MT4, IronFX offers a Web Trader platform so the trader can access their account anywhere there is an Internet connection. The broker also offers several different platforms that work on smart phones, iPads, and other mobile devices.
Deposits and withdraws can be done by using PayPal, Bank Wires, Visa, MasterCard, Union Pay, Skrill, and Neteller.
Impressions
The ability to trade so many markets is without a doubt the biggest advantage to using IronFX. There are some deposit bonuses at the time of this IronFX review, but it appears that they change from time to time, so you will have to check the webpage first. Also, there is a nice section for research and analysis, so the trader isn’t on his own.
The markets that are available will allow the trader to take advantage of global markets and attitudes. This allows you to take a stand on gold, while looking at the British pound and several major stocks. By doing so, the trader can have a nice balanced portfolio over time.
