Is IronFX Scam or Legit? Complete ironfx.com Review

IronFx Review

The financial markets are massive, filled to the brim with countless trading opportunities for those who are ready to take advantage. In order to do that, you need the services of a brokerage and the good news is that there are plenty of them you will find. But, are they all the same? This is certainly not the case, as there are both good and bad options in the market. It is your job to sort through them and not just accept their claims. IronFX is one of the forex and CFD brokerages operating in the market that will catch your eye. Is it scam or legit? You can find the answer in this IronFX review.

Regulation and security

Since online trading scams are quite common, you have to proceed with caution to ensure you are not opting for a scam broker. The best way to avoid this scenario is to choose a regulated broker, as this reduces the potential of fraud and scams. You should verify the license of a broker with the regulatory body to ensure you are dealing with a legitimate entity. The same applies to IronFX, which presents itself as a forex and CFD broker operating since 2010 and licensed by three regulatory bodies.

According to the website of the IronFX broker, it is offering its services to more than 1.2 million traders spread across 180 countries. It is licensed and regulated by three regulatory bodies in different jurisdictions. These include the Cyprus Securities and Exchange Commission (CySEC), the Financial Conduct Authority (FCA) in the United Kingdom and the Financial Sector Conduct Authority (FSCA) in South Africa, which are some of the most reputable regulatory bodies in the world. You can verify the license and find everything up to the mark, which shows that the IronFX is properly regulated.

This is also evident from the fact that IronFX segregates customer deposits from its corporate funds and also offers negative balance protection.

Range of assets

One of the most important aspects of an online broker that you should look into is the range of assets because they will determine how much profits you can expect to make and the risks you will take. This is another area where IronFX has done an outstanding job because you will find more than 300 trading instruments available for trading.

The IronFX trading platform gives you the opportunity to choose from more than 80 currency pairs, 20 index CFDs, 15 commodity CFDs, over 150 equity CFDs and 30 futures. The asset selection is quite balanced, which gives you the chance to create a diversified trading portfolio.

Trading platform

A key feature of an online broker is the trading platform they provide for you to connect to the markets and execute your trades. You need to ensure that you can access a powerful and reliable platform for a smooth trading experience. The IronFX trading platform is none other than the core MT4, which is considered one of the leading ones in the market. It is equipped with sophisticated trading tools and features that can be immensely useful for traders.

The MT4 trading platform supports both algorithmic trading as well as copy trading and the IronFX broker has also noted that they would soon offer the MT5 trading platform as well.

Customer support

The customer support of an online broker can often make or break your experience, so it is great to see that the IronFX trading platform has not made any compromises in this regard. It offers 24/5 support in a number of languages, including Korean, Japanese, Italian, Dutch, Czech, Arabic, Bulgarian, Russian, Spanish, Indian, Turkish, Persian, Vietnamese, German, English and more. If you want a fast response, you can use the live chat option. Otherwise, email is also given for non-urgent queries and there are FAQs that give you common answers.

Is IronFX scam or legit?

Wondering about IronFX scam? With many fraudulent brokers presenting themselves as legitimate, it is a given that you would be concerned, but there is no need because IronFX is honest and transparent about its services, not to mention that it is licensed by the top three regulatory bodies in the world.

Conclusion

With this IronFX review, it is not difficult to conclude that the broker is fully legitimate and can offer you top-notch trading services.