Overview of regulated brokers: IronFX

Professional traders, as well as their less experienced colleagues, argue that the choice of an appropriate trading platform plays an important role for the success of the project (financial operations). And to solve it, in some cases, it is very difficult. They are hampered by scammers who can work according to the principle of a “financial pyramid” or attackers offering unrealistically high amounts of income to future “victims”, etc. The pseudo-broker actually takes all the money from customers and disappears in an unknown direction. Therefore, at the initial stage of cooperation (preferably before registering an account and replenishing the account), it is necessary to conduct a thorough analysis of the broker and make sure that he is not engaged in the implementation of another fraudulent scheme. But how to conduct this study, so as not to offend the administration of a web resource and achieve its goal? For example, take IronFX. This resource is distinguished by honesty, decency and the performance of its tasks. This service will help you understand its functionality, and, if necessary, based on this review, you will analyze almost any trading platform.

What indicators of IronFX are of interest to traders?

For the first time, the site in question was talked about in 2010 (at this time the company is registered in Cyprus as a forex broker). In parallel, the administration of the company opens an office there and continues its development at a high rate. But we must not forget that the trading platform was created by a successful company (it became part of the corporation 8SafeUK), which provides trading services since 1972! This fact makes this broker stand out against the background of similar companies operating in the field of online trading.

IronFX Security

One of the most reliable and repeatedly tested in practice ways to protect client funds is segregated accounts. They make it possible to store the savings of their users on third-party resources, as a rule, in reputable European and American banks: Bank of America Merrill, BNP Paribas, Raiffeisen Bank, and others. Applications and platforms prepared for IronFX (MT4, Webtrader, etc.) provide fast execution of the required operations, at no additional cost and reliable protection against fraudsters.

 And even if something happens to the broker, you can always return your deposit without fear that your financial resources will “float” together with the owner of the trading platform in an unknown direction.

The company in question is a member of the Compensation Protection Fund, the main purpose of which is to return the money to the trader, if the broker did not do this for some reason, during the stipulated time (usually the period is fixed in a bilateral agreement).

Organizations that control the activities of participants in the global financial market check their reporting documentation, capitalization, development rates and other indicators by which you can learn about the financial status of this service, its reliability and development prospects in the near future.

IronFX Regulation

For many traders, the above information is a kind of “green” signal for registering a login on IronFX and following up on this resource. What do those traders who need more serious evidence of the reliability of this company? The answer is simple. Examine everything related to this broker:

• FCA (FCA No. 585561). The regulator for financial management and supervision in the UK.

• CySEC (Licence No. 125/10) – Cyprus Securities and Exchange Commission.

• ASIC (AFSL No. 417482) – Australian controller for exchanges and securities.

• FSCA (FSP No. 45276) – Financial Sector Conduct Authority, regulator in South Africa.

Literally in a year or two, after registering and preparing all the necessary papers, the organization under consideration (IronFX) reached the level of the leading participants in Internet commerce, fully coping with all the tasks.

 Training

The creators of the resource have given a lot of space for educational materials. If you have never encountered such a direction of activity, you definitely need to remember the amount of information that will allow you to be well versed in the events taking place.

For the theoretical training of traders, there is a section called “Academy”, which allows in a short time to study everything that is relevant to online trading. Also on the web-site contests, competitions, webinars, analysis of successful strategies and work on the bugs are held. Traders can study e-books that are relevant to this business.

Website customers can prepare for real transactions for free using a demo account installed on IronFX. Fast, convenient and no unreasonable / unjustified expenses.

IronFX Broker: trading conditions

Rather difficult work, even from the standpoint of people who are used to at least 10 hours a day, to sit near a computer, additionally using mobile phones, fixed communications, etc., is intended only for stable people. Not every person is able to withstand similar loads. But to work in the market of currencies, raw materials, securities, cryptocurrency, or other new / promising products, it is not necessary to build problems out of the blue. Experience shows that in this work there should always be a clear mind, the ability to analyze the information received and find new facts explaining the change in the exchange rate and the value of the main financial assets.

IronFX Trading Terms

In existing reviews about IronFX there are often grateful feedback from customers who claim that the administration has managed to create optimal conditions for work.

• The minimum deposit amount is $ 100.

• Transactions – 0.01 lot.

• 24/7 multilingual service.

• The main currencies of trading accounts are euro, Australian and American dollars, Swiss francs, Russian rubles, British pounds, Japanese yen.

• The affiliate program works effectively.

• Full list of supported languages: Arabic, Chinese, Czech, English, French, German, Italian, Korean, Polish, Portuguese, Russian, Spanish, Vietnamese.

Deposit replenishment and cash withdrawal

In the reviews compiled about IronFX, it is often possible to meet the recommendation of users: to expand the existing system of input / output of money. At the moment, bank transfers, credit cards, Visa and MasterCard, Neteller, Webmoney, Skrill.

IronFX Assets

The list of liquid assets accessed by the trader after registration includes: currency pairs (forex), commodities, precious metals, futures, and contracts for energy types of raw materials.