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IronFX : Trade more than 120 currency pairs
Trade more than 120 currency pairs across 10 trading platforms with IronFX
IronFX is one of the world's leading providers of online forex trading services. Serving in excess of one million clients in more than 180 countries around the world, it provides a fast and efficient online trading service to help a variety of forex traders.
Must read: New CFD regulations
As of March 29, 2021, Australia’s corporate regulator ASIC has announced new leverage restrictions on CFD issuers. Finder is doing its very best to verify these updates with the providers displayed on our site, however we cannot confirm that all details displayed on Finder are up to date. Read ASIC’s order notice for more information on the new leverage rules.
Trading CFDs and forex on leverage is high-risk and not suitable for all investors - you could even lose your initial investment. Always check the provider’s PDS and consider the risks before trading.
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Details
| Type of broker | Online |
|---|---|
| Available markets | 80+ global currency pairings, commodities, cryptocurrency, index CFDs, stock CFDs, futures |
| Minimum Spreads for Major Currencies | 0 pips |
| Commission | $0 |
| Minimum opening balance | $50 |
| Minimum Trade Size | 0.01 Lots |
| Leverage | 1:1 - 30:1 |
| Platforms | MetaTrader 4 Webtrader PMAM |
| Support | Phone, email |
IronFX provides access to more than 120 currency pairs, including everything from majors like EUR/USD through to exotic and rare options. Trades are executed instantly and you can access in-depth research and analysis to help you make better trading decisions.
In addition to forex, IronFX also provides trading access to more than 200 other financial instruments, including access to commodities, indices and global shares. All of this is backed up by customer service that is available 24 hours a day, 5 days a week, providing the peace of mind that help will be on hand if you ever need it.
IronFX provides access to the following asset classes:
- Forex. You can trade more than 120 currency pairs, including majors, minors and even exotic currencies, with spreads starting from 0 pips. Thanks to the global nature of forex trading, you can buy and sell currency pairs 24 hours a day, 5 days a week.
- Spot metals. By trading contracts for difference (CFDs) on precious and base metals, you can diversify your portfolio and take advantage of the only 1% margin required. Take advantage of IronFX’s best-of-market spreads and you can purchase CFDs in either USD or EUR.
- Spot indices. IronFX allows you to gain access to some of the major economies around the world by trading the current spot value of several benchmark indices. There are no commissions, tight spreads and the chance to access indices like the US 100, EU 50, GER 30, AUS 200 and more.
- Spot commodities. If you want to diversify your portfolio and trade spot commodities, IronFX allows you to take advantage of no commissions and tight spreads when you trade natural gas, brent crude oil, Bitcoin and more.
- Futures. IronFX also allows you to access the highly liquid futures market, offering low commissions and margin requirements to help you maximise profits. You can trade an equity index or any other futures instrument, including energy, commodities, base metal or currencies.
- Shares. IronFX allows its customers to trade shares through CFDs, letting you take “long” or “short” positions on shares without actually owning those shares.
Features of IronFX
10 platforms
IronFX customers can access 10 trading platforms to suit a range of trading needs. This allows you to trade on your PC, Mac, smartphone or tablet.
Safety of customer funds
All customer funds are held in segregated accounts that are fully separated from IronFX’s funds at all times. IronFX holds accounts with top-tier banks such as Westpac, Barclays and Santander.
Research and analysis
Account holders can access world-class research and analysis, provided every day by IronFX’s expert team. This includes fundamental and technical analyses, world economic news and important market announcements.
Low spreads
IronFX offers its customers the lowest spreads in the market and offers leverage from 1:1 up to 30:1. Note: As of March 29, 2021, ASIC has reduced the maximum leverage that can be offered by CFD providers to 30:1. We have reached out to IronFX for confirmation on leverage details and are awaiting a response.
Trading execution
IronFX has automated the entire trading process to allow you to take advantage of opportunities as they arise. This means that trades are executed instantly, with no slippage and no re-quotes.
Dedicated account managers
IronFX provides a team of dedicated account managers to offer personalised service and advice whenever you need it. Customer support is available 24 hours a day, 5 days a week.
Global strength
IronFX looks after the online forex trading needs of people in more than 180 countries across Europe, Asia, the Middle East, Africa and Latin America. The multi-award-winning provider offers funding via top-tier international banks and has helped more than one million customers since 2010.
What support/information is available with IronFX?
If you ever require assistance with a transaction, customer support is offered 24 hours a day, 5 days a week. This means you can access personalised help from a dedicated account manager whenever you need, while email customer support is also available.
If you’d like to access help online, the IronFX website contains the answers to a range of frequently asked questions.
Fees when using IronFX
The good news is that it’s free to sign up with IronFX and deposit funds into your account. However, there are two factors that you need to consider before you start trading forex online: the commission and the spread.
In many cases, there is no commission charged on IronFX trades. This includes if you have a Live Floating Spread or Live Fixed Spread Micro, Premium or VIP Account. An STP/ECN No Commission Account also doesn’t feature any commissions.
However, you will need to pay a commission if you trade using a Live Zero Fixed Spread Account or an STP/ECN Zero Spread Account. Commissions vary depending on the type of trade you place, but to give you an idea of the fees involved, the following commissions apply to the Live Zero Fixed Spread Account:
- $18/Lot on EUR/USD
- $18/Lot on USD/JPY
- $23/Lot on GBP/USD
- $23/Lot on USD/CAD
- $23/Lot on USD/CHF
- $23/Lot on EUR/GBP
- $23/Lot on AUD/USD
- $28/Lot on EUR/CHF
- $28/Lot on NZD/USD
- $28/Lot on EUR/JPY
- $43/Lot on GBP/CHF
- $43/Lot on GBP/JPY
Next, you need to consider the spread that applies to a forex trade. Spreads vary depending on the currency pair and the type of account you choose. The table below shows the different spreads that apply to Live Floating Spread Accounts.
| Micro | Premium | VIP | |
|---|---|---|---|
| AUD/CAD | 5.7 | 5.7 | 5.7 |
| AUD/JPY | 4 | 4 | 4 |
| AUD/USD | 1.4 | 1 | 0.8 |
| EUR/AUD | 4 | 4 | 4 |
| EUR/GBP | 1.1 | 0.9 | 0.7 |
| EUR/USD | 1.1 | 0.7 | 0.5 |
| GBP/AUD | 6 | 6 | 6 |
| GBP/CAD | 6 | 6 | 6 |
| GBP/USD | 1 | 0.8 | 0.6 |
| EUR/JPY | 1.5 | 1.1 | 0.9 |
| EUR/SGD | 10 | 10 | 10 |
| USD/CAD | 1.5 | 1.3 | 1.1 |
| USD/CHF | 1.7 | 1.3 | 1.1 |
| USD/JPY | 0.8 | 0.4 | 0.2 |
Trade cryptocurrency with IronFX
IronFX brings its usual benefits and flexibility to bitcoin investing, offering tight spreads and zero commission fees when trading BTC:USD pairs.
You can go long and short on bitcoin to take advantage of movements in either direction. With a minimum order from 0.01 BTC there’s a relatively low barrier to entry.
Pros and cons of using IronFX
Pros
- 120+ currency pairs. IronFX customers can trade more than 120 currency pairs, including everything from major pairs to exotic options.
- Low spreads. IronFX offers best-of-market spreads from as low as 0 pips.
- 10 platforms. Simply by opening one account with IronFX, you can access 10 trading platforms and choose those that best meet your needs.
- Other trading options. Account holders can also trade more than 200 other financial instruments, including spot indices, spot commodities and shares.
- 24/5 help. Personalised customer support is available 24 hours a day, 5 days a week from your dedicated account manager.
Cons
- More for experienced traders. IronFX is skewed more towards advanced traders than novice investors, so it may be too complex for those who don’t have an in-depth knowledge of online trading.
How do I apply for an IronFX account?
If you like the sound of the trading features offered by IronFX, click one of the “Apply Now” links on this page to be taken to the IronFX website. You can then choose the account type you want and begin the application process.
You will need to provide:
- Your name
- Your country of residence
- Your contact details
- A recent bank statement or utility bill (from the past six months) to prove your identity
All applications will be processed and assessed within 24 hours.
Frequently asked questions about IronFX
Looking for a forex trading platform?
Compare Australian forex brokers below to find one that meets your trading level and needs.
Trading CFDs and forex on leverage is high-risk and you could lose more than your initial investment. It may not be suitable for every investor. Refer to the provider’s PDS and consider the risks before trading.
Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.
