WikiFX Review: Is IronFX trustworthy?

About IronFX

Found in 2012, IronFX is a Market Making (MM) broker, which means it acts as a counterparty to its clients in trading operations. Instead of connecting directly to the market, IronFX acts as an intermediary and takes the opposite position to its clients. As such, it can faster order execution speed, tighter spreads, and greater flexibility in terms of the leverage offered. IronFX is a global online trading platform that provides access to a wide range of financial markets including forex, stocks, metals, commodities, and indices. WikiFX has given this broker a decent score of 7.73/10.

Is It Legit？

IronFX is a regulated broker. The Cyprus Securities and Exchange Commission regulated IronFX with license number 125/10. Meanwhile, this broker also holds an FCA license with the number 585561.

Spreads & Commissions

IronFX offers a range of spreads, commissions, and other costs depending on the account type and instrument traded. For instance, the live floating spreads of EURUSD in VIP accounts can be as low as 0.6 pips, which is highly competitive. Additionally, IronFX provides competitive commissions for certain account types, such as $10 per lot on STP/ECN Zero Spread accounts for trading EURUSD.

Trading Platforms

IronFX offers two platform options for traders to choose from: the popular MetaTrader 4 (MT4) platform and the WebTrader platform.

Account Types

IronFX offers a variety of account types to cater to the different needs of traders, including standard accounts, premium accounts, VIP accounts, zero fixed accounts, no commission accounts, zero spread accounts, and absolute zero accounts.

Leverage

IronFX offers maximum leverage of up to 1:30, which allows traders to increase potential profits with a smaller initial investment and provides flexibility to trade larger positions. However, high leverage can increase potential losses and requires strict risk management and trading discipline to avoid margin calls and account liquidation.

Engagement on Social Media Platforms

IronFX is active on social media platform X, where it has launched a giveaway campaign that runs until the 30th.

In addition, IronFX has launched its own podcast, hoping to attract more traders.

live webinar

The broker also arranges a series of live webinar events that provide opportunities for IronFX and clients conversations.

Conclusion

After all, IronFX is a solid broker that may be a good option for you. However, the WikiFX score of a broker can be increased or decreased if the broker is constantly running the business in a good or bad direction. Before deciding to invest in this broker, make sure to open WikiFX and check the latest updates about this broker, so you may not regret every step you make.