FINANCIAL ONLINE BROKER IRONFX – REVIEW AND FEEDBACKS
Every day we spend a lot of time on the Internet. We watch movies and videos, read news and perform other tasks. But why not use that time to your advantage and earn extra money? Trading is a modern opportunity to earn, which is available to almost everyone.
IronFX has been providing brokerage services since 2010 and specializes in Forex trading. The distinctive feature of the company is that the broker keeps separate accounts of clients. In this case, the funds of clients are separated from the personal funds of the company.
IronFX customers have the opportunity not only to trade on the Forex market, but also to use other services:
- participating in contests for traders;
- working with several accounts simultaneously;
- using the advantage of affiliate programs, etc..
The IronFX broker also provides the opportunity to open different types of accounts for its clients:
- micro (minimum deposit of USD 100);
- standard (minimum deposit of USD 500);
- premium (minimum deposit of USD 2,500);
- vip (minimum deposit of USD20,000);
- STP/ECN (no fee);
- STP/ECN (low spread account).
Having analyzed the main characteristics of account types, one can assert about rather high rates of minimum deposits, except for the micro account. This fact can be attributed to the disadvantages of the company, because not every trader can afford such initial rates. Also, the conditions are not favorable for beginners.
IronFX offers the possibility to use a wide range of trading instruments: 83 currency pairs, futures, stocks and even the ability to trade with energy raw materials. The main way to replenish funds is by bank transfer of Visa/Mastercard and only a few variants of electronic payment systems. That’s why we can refer a narrow list of ways of depositing and transferring funds to the minuses of the company. Clients’ feedback also indicates that there are problems with withdrawal of funds from accounts. Applications are processed for a long time and sometimes this process can take several months, and the support service is often unavailable.
The official website of the company has a training section, which contains various information about trading and training videos. Also, clients have the opportunity to use affiliate programs. However, there are only two of them: an introducing broker and a white label.
An additional feature from IronFX is the use of the personal manager service. But once again we face the same problem. Often this service is not available, the manager does not answer questions online and it is difficult to get advice.