IronFX CFD broker service review. Is it s good broker to invest in Cryptocurrency CFDs with?
Introduction to IronFX
IronFX stands as a premier name in the landscape of online Forex trading. Established in 2010, this award-winning platform offers a diverse array of investment options across forex, spot metals, futures, shares, spot indices, and commodities. With a robust presence in over 180 countries, encompassing Europe, Asia, the Middle East, Africa, and Latin America, IronFX caters to both retail and institutional clients through its 10 advanced trading platforms.
Why Choose IronFX for Cryptocurrency Trading?
Cryptocurrency trading has surged in popularity, and IronFX is at the forefront, providing traders with the tools and resources they need to succeed. Here’s why you should consider IronFX for your trading needs:
- Wide Range of Tradable Instruments:
- IronFX offers over 500 instruments, including popular cryptocurrencies, allowing traders to diversify their portfolios beyond traditional assets.
- Competitive Spreads and Trading Conditions:
- Traders benefit from some of the best market spreads and trading conditions. This commitment to competitive pricing helps maximize your trading potential.
- Cutting-Edge Technology:
- Traders on IronFX enjoy access to state-of-the-art trading platforms. These include mobile apps that display real-time forex data, making it easier to trade on the go and stay informed with the latest market movements.
- Client-Centric Approach:
- IronFX is dedicated to providing exceptional service and support to all clients. The firm offers personalized client services in 30 languages, available 24 hours a day, five days a week.
Invest in Cryptocurrencies with IronFX
Exceptional Client Benefits and Account Security
IronFX understands the importance of value-added services and robust security measures:
- Client Rewards:
- IronFX offers market rebates, sharing a percentage of revenue generated, which enhances the trading experience by reducing costs.
- Unwavering Security:
- At IronFX, the security of your personal and financial information is paramount. The firm employs advanced security protocols to safeguard your data against fraud and unauthorized access.
IronFX’s commitment to excellence hasn’t gone unnoticed. With over 40 prestigious international awards, the platform has been recognized for its superior brokerage services and innovative technology. This accolade-rich performance is a strong indicator of IronFX’s reliability and expertise in the financial trading industry.
Engagement and Innovation
IronFX continues to invest in innovation, with a focus on enhancing user experience and expanding product offerings to meet the evolving needs of its global clientele. This commitment to innovation is symbolized by the image of a rocket soaring above the Earth, reflecting the firm’s ambition to push boundaries and improve continuously.
Starting your trading journey with IronFX is straightforward. Despite the risks associated with trading, which may include the loss of capital, the potential for growth and profit in the dynamic market of cryptocurrencies is significant. IronFX’s comprehensive educational resources and support system provide a strong foundation for both new and experienced traders.
Invest in Cryptocurrencies with IronFX
IronFX: Customized Account Options
Live Floating/Live Fixed Spreads Account Type | Standard | Premium | VIP | Live Zero Fixed Spread |
---|---|---|---|---|
CFD Instruments | Forex, Metals, Indices, Commodities, Futures, Shares | Forex, Metals, Indices, Commodities, Futures, Shares | Forex, Metals, Indices, Commodities, Futures, Shares | Forex, Metals, Indices, Commodities |
Minimum Lot Size | 0.01 | 0.01 | 0.01 | 0.01 |
Base Currency | USD, EUR, GBP, AUD, JPY, BTC, PLN, CZK | USD, EUR, GBP, AUD, JPY, BTC, PLN, CZK | USD | USD, EUR |
Spread | Floating from 1.6 Fixed to 1.9 | Floating from 1.4 Fixed to 1.7 | Floating from 1.2 Fixed to 1.5 | Fixed to 0 |
Commission | ❌ | ❌ | ❌ | ✓ |
Flexible Leverage up to | 1000 | 1000 | 1000 | 500 |
Stop out | 20% | 20% | 20% | 50% |
Swap free/Islamic Account Option | ✓ | ✓ | ✓ | ✓ |
Dedicated Account Manager available | 24/5 | 24/5 | 24/5 | 24/5 |
Dealing Department Transaction Hotline | ✓ | ✓ | ✓ | ✓ |
Signup Links | Open Standard Account | Open Premium Account | Open VIP Account | Open Live Zero Fixed Spread Account |
Go to the Account Opening Page
STP/ECN Account Type | No Commission | Zero Spread | Absolute Zero |
---|---|---|---|
CFD Instruments | Forex, Metals, Indices, Commodities | Forex, Metals, Indices, Commodities | Forex, Metals, Indices, Commodities |
Minimum Lot Size | 0.01 | 0.01 | 0.01 |
Base Currency | USD, EUR, JPY, GBP, BTC | USD, EUR, JPY, GBP, BTC | USD, EUR, JPY |
Spread from | 0.9 | 0 | 0 |
Commission | ❌ | ✓ | ❌ |
Flexible Leverage up to | 500 | 500 | 200 |
Signup Links | Open No Commission Account | Open Zero Spread Account | Open Absolute Zero Account |
IronFX, renowned for its leadership in online trading, provides a variety of account types designed to suit the specific needs and trading strategies of diverse traders. With a focus on flexibility and competitive conditions, IronFX empowers both new and experienced traders with the necessary tools for successful trading in global markets, including cryptocurrencies.
Live Accounts: Diversity in Trading
IronFX offers a spectrum of Live Accounts with different characteristics: Standard, Premium, VIP, and the specialized Live Zero Fixed Spread. Each account type is tailored to accommodate various trading volumes and strategies. For example, all three primary account types—Standard, Premium, and VIP—allow trading in Forex, Metals, Indices, Commodities, Futures, and Shares. They share a common minimum lot size of 0.01, making it feasible for traders with different capital outlays to participate.
Base currency options are extensive, including USD, EUR, GBP, AUD, JPY, BTC, PLN, and CZK, although the VIP account is exclusively USD-based. The spread and leverage vary across these accounts, with the Standard account offering spreads from 1.6 (floating) and 1.9 (fixed), and leverage up to 1000. Premium and VIP accounts offer progressively lower spreads and identical high leverage, enhancing trading potential.
The Live Zero Fixed Spread Account is distinct, focusing on Forex, Metals, Indices, and Commodities with a zero fixed spread and a commission-based structure. This account also features USD and EUR as base currencies and offers a leverage of up to 500, with a higher stop-out level at 50%, providing a robust option for traders focused on cost efficiency.
Open a Live Account with IronFX
STP/ECN Accounts: Direct Market Access
IronFX’s STP/ECN accounts are ideal for traders who prefer direct market access and no dealing desk intervention. These include the No Commission, Zero Spread, and Absolute Zero accounts, each facilitating trading in Forex, Metals, Indices, and Commodities. These accounts are designed to optimize trading efficiency and cost-effectiveness.
For instance, the No Commission Account provides low spreads starting from 0.9 without any commission fees, catering to traders who prefer a straightforward pricing structure. In contrast, the Zero Spread and Absolute Zero accounts offer spreads as low as zero pips. The Zero Spread account involves a commission, whereas the Absolute Zero does not, making it particularly attractive for high-volume traders.
Choosing Your IronFX Account
Selecting the right account at IronFX should be guided by a trader’s financial objectives, trading style, and the specifics of the products they wish to trade. Whether the interest lies in forex or the dynamic possibilities of cryptocurrency trading, IronFX’s diverse account offerings ensure there is a perfect match for every trader’s needs.
Regardless of the chosen account type, all IronFX traders gain access to the industry-leading MT4 online trading platform, compatible across various devices such as MacBooks, iPhones, and iPads. This technological integration allows traders to execute trades and monitor markets efficiently from anywhere at any time.
IronFX provides a structured yet flexible array of account types, each designed to cater to different trading preferences and financial aspirations. From zero spread options to robust leverage capabilities and dedicated support, IronFX positions traders to excel in the fast-paced world of forex and cryptocurrency trading.
Invest in Cryptocurrencies with IronFX
How to open an account with IronFX?
To open an account with IronFX and start trading Cryptocurrency CFDs, follow these steps:
Step 1: Register for an Account
Visit the IronFX Website: Start by navigating to the official IronFX website.
Sign Up: Click on the “Register” or “Open Account” option. You will be prompted to enter personal details such as your name, email, phone number, and residential information to create your account.
Step 2: Verify Your Identity
Upload Identification Documents: To comply with financial regulations, IronFX will require you to verify your identity and residence. This typically involves uploading a government-issued ID (like a passport or driver’s license) and a proof of residence (such as a utility bill or bank statement).
Wait for Verification Approval: IronFX will review your documents. This process can take a few hours to a few days. You’ll receive an email confirmation once your account is verified.
Step 3: Fund Your Account
Log In to Your Account: Once your account is verified, log in using the credentials you set up.
Deposit Funds: Navigate to the deposit section and choose your preferred deposit method. IronFX supports various funding methods including bank transfers, credit cards, and e-wallets. Note that all trading involves risk and it’s possible to lose your capital.
Step 4: Choose an Account Type
Select Account Type: IronFX offers different account types such as Live Floating/Live Fixed Spreads, STP/ECN, and more. Each type has different features, spreads, and leverage options. Review these options to choose an account that suits your trading style and the instruments you intend to trade.
Step 5: Start Trading
Access the Trading Platform: IronFX offers the MetaTrader 4 platform, available for download or via web trader directly from your browser.
Navigate the Platform: Familiarize yourself with the MT4 platform. You can watch tutorials or access demo accounts to practice without using real money.
Open and Monitor Trades: Once you’re comfortable, start trading by selecting cryptocurrency CFDs among the assets available. Use the various analytical tools and charts available on MT4 to make informed trading decisions.
Invest in Cryptocurrencies with IronFX
Step 6: Implement Security Measures
Secure Your Account: Follow recommended security practices like using strong, unique passwords, enabling two-factor authentication (2FA), and being vigilant against phishing attempts.
Step 7: Utilize Resources
Education and Tools: Take advantage of IronFX’s educational resources and trading tools. They offer market analysis, educational webinars, and trading signals to help you make better trading decisions.
By following these steps, you can set up your IronFX trading account and start trading cryptocurrency CFDs. Remember to consider the risks associated with trading CFDs, as they can result in losses exceeding deposits. Always start with amounts you are prepared to lose.
Learn how to trade with IronFX
IronFX MetaTrader 4: The Premier Platform
IronFX offers the MetaTrader 4 (MT4) platform, tailored to enhance the trading experience across a broad spectrum of financial markets, including cryptocurrencies. This platform is part of IronFX’s commitment to providing traders with advanced trading tools and a seamless trading environment.
MetaTrader 4: A Comprehensive Trading Solution
MetaTrader 4 is universally revered in the trading community due to its sophisticated capabilities and intuitive interface, making it suitable for both novice and seasoned traders. Launched over three decades ago, MT4 has become synonymous with reliability and innovation in forex trading. It is particularly distinguished for its user-friendly design and comprehensive functionality.
Key Features of MetaTrader 4
- Advanced Trading Instruments:
- MT4 offers traders access to more than 200 financial instruments across six asset classes, including cryptocurrencies. This diversity allows traders to explore various markets from a single platform.
- Customizable Trading Environment:
- Traders can personalize their trading space with customizable charts, over 50 indicators, and numerous analytical tools. The platform supports three chart types—bars, Japanese candlesticks, and broken lines—and provides nine different timeframes, enhancing the precision of trading strategies.
- Automated Trading Capabilities:
- MT4 is well-known for its Expert Advisors (EAs), which allow traders to automate their trading strategies. This feature is instrumental for those who wish to implement complex trading algorithms without manual intervention.
- Security and Reliability:
- With financial and data security as a priority, MT4 ensures that all trader information and transactions are securely encrypted, providing a safe trading environment.
- Multiple Access Points:
- IronFX offers MT4 on various platforms, including desktop applications for Windows and Mac, mobile apps for Android and iOS, and a WebTrader that can be accessed directly from any internet browser. This flexibility ensures that traders can manage their portfolios and trade from anywhere at any time.
Invest in Cryptocurrencies with IronFX
IronFX MT4 for Android and iOS
IronFX also emphasizes mobile trading solutions with its MT4 for Android and iOS, reflecting the growing trend of on-the-go trading. The mobile versions of MT4 offer complete control over trading accounts, with full functionality adapted for mobile devices. Traders can enjoy real-time access to markets, detailed trading history, and a comprehensive set of orders and analytical tools.
MT4 for Android and iOS Features:
- Comprehensive trading account management.
- Access to all order types and execution modes.
- Real-time monitoring of financial instruments and forex rates.
- Interactive symbol charts with a selection of 30 technical indicators and 24 analytical objects.
The mobile apps also include features for effective communication, such as mobile chat and email.
Why Choose MetaTrader 4 with IronFX?
Choosing MT4 with IronFX for cryptocurrency trading offers several benefits:
- Ultra-fast Execution:
- IronFX’s MT4 platform is engineered for speed, ensuring quick execution of trades without requotes, which is crucial in the fast-paced crypto market.
- No Limitations on Trading Strategies:
- Whether you are scalping, day trading, or using long-term strategies, MT4’s versatile environment supports all trading styles.
- Global Community and Support:
- MT4 users benefit from a vast online community and extensive educational resources, making it easier to learn new strategies and improve trading skills.
Getting Started with MT4 on IronFX
Starting with MT4 at IronFX is straightforward. Traders can download the platform on their preferred device, choose between a real or demo account, and start trading after logging in. IronFX provides detailed guides and full support to ensure a smooth onboarding process.
MetaTrader 4, offered by IronFX, stands as the quintessential choice for traders aiming to excel in cryptocurrency trading. Its robust features, combined with IronFX’s reliable service and global accessibility, create an unparalleled trading experience.
Invest in Cryptocurrencies with IronFX
Introduction to IronFX TradeCopier
IronFX, a leader in online trading innovation, introduces the TradeCopier platform—a sophisticated tool designed to democratize trading by enabling users to replicate the strategies of top-performing traders. This platform is perfect for individuals who are either new to Forex trading, including the rapidly evolving cryptocurrency markets, or those who do not have the time to monitor the markets continuously.
What is TradeCopier?
TradeCopier is a powerful feature that offers an effortless entry into the world of trading. It allows you to automatically copy the trading strategies of experienced traders in real-time, translating their knowledge and tactics into your own trading activity. This system not only simplifies the trading process but also provides a learning opportunity by observing the strategies of seasoned traders.
Benefits for Strategy Followers
- Ease of Use:
- Signing up with IronFX’s TradeCopier is straightforward. New traders can select an experienced trader to follow from a leaderboard that showcases the performance of various strategy providers.
- Diversification:
- Followers have the opportunity to diversify their trading strategies by copying different traders, each with unique approaches to the market. This can potentially spread risk and enhance the robustness of your investment portfolio.
- Flexibility:
- There is no lock-in period, and followers can freely withdraw their funds whenever they choose, providing flexibility and control over their investment.
- Passive Trading:
- For those with limited time, TradeCopier offers a chance to engage in trading without the necessity to actively manage trades. This is particularly advantageous in the cryptocurrency market, where opportunities can arise at any hour.
Invest in Cryptocurrencies with IronFX
How It Works for Followers
- Follow a Strategy Provider: Users begin by selecting a strategy provider from IronFX’s TradeCopier platform based on their performance history and trading style.
- Deposit Funds: To start copying trades, followers need to deposit funds into their accounts.
- Automatic Trading: Once a follower selects a strategy provider, their funds are managed according to the provider’s ongoing trades, automatically replicating their positions.
- Withdraw Profits: Followers can withdraw their profits at any time, ensuring they have access to their earnings when needed.
Advantages for Strategy Providers
- Monetize Expertise:
- Experienced traders can earn additional income by allowing others to copy their trades. They earn performance fees based on the success and volume of their followers’ copied trades.
- Increased Trading Volume:
- As more followers copy a strategy provider’s trades, their trading volume increases, which can lead to greater market influence and potentially more significant profits.
- Reputation Building:
- Successful traders can build their reputation within the trading community as more users follow their strategies and achieve positive results.
How It Works for Providers
- Become a Strategy Provider: Traders with a track record of success can sign up to become strategy providers.
- Get Followed: Increase visibility on the platform’s leaderboard to attract more followers.
- Trade and Earn: Continue trading as usual, but with the added benefit that when you earn, your followers also gain, increasing your performance fees.
The IronFX TradeCopier platform is built with the latest technology to ensure fast and accurate copy trading. Security is paramount, with state-of-the-art measures in place to protect both followers’ and providers’ data and financial assets.
IronFX’s TradeCopier platform is a transformative tool in the world of Forex and cryptocurrency trading. It bridges the gap between inexperienced traders and market experts, offering a mutual benefit—novices learn through direct exposure to expert strategies, and seasoned traders monetize their success. This platform exemplifies IronFX’s commitment to providing innovative and accessible trading solutions that cater to a diverse clientele, from casual investors to serious traders aiming to expand their portfolio across global markets.
Invest in Cryptocurrencies with IronFX
IronFX’s Exceptional Bonuses
IronFX offers a range of attractive bonuses designed to enhance your trading experience and maximize your trading potential. These bonuses are tailored for traders looking to amplify their trading capacity through financial leverage provided directly by the platform. Whether you are a novice just starting or a seasoned trader looking to try new strategies, IronFX’s bonus schemes offer a variety of options to boost your trading efforts, particularly in the dynamic field of cryptocurrency trading.
Types of Bonuses at IronFX
IronFX provides several bonus programs, each crafted to suit different trading styles and goals. These bonuses include the 100% Unlimited Sharing Bonus, the 40% Power Bonus, and the 20% Iron Bonus. Here’s how each of these bonuses can benefit your trading strategy and increase your market engagement.
1. 100% Unlimited Sharing Bonus
This bonus is designed for traders who are making their first deposit or looking to significantly increase their trading volume. IronFX offers to double your first deposit, providing you with additional capital to explore trading opportunities more freely and with less initial risk.
Key Features:
- Double Your Deposit: Receive a 100% bonus on your initial deposit, giving you double the funds to trade.
- Enhanced Trading Power: With increased capital, explore various trading strategies, including those in volatile cryptocurrency markets.
- Conditions: This bonus is not withdrawable but serves as additional margin for opening positions and handling drawdowns.
Get the 100% Unlimited Sharing Bonus
2. 40% Power Bonus up to $4,000
For traders aiming to sustain and grow their trading activities, the Power Bonus provides an extra layer of capital protection and enhancement up to a limit of $4,000.
Key Features:
- Boost Your Deposit: Gain a 40% bonus on deposits, enhancing your ability to hold and open larger positions.
- Maximize Trading Goals: Use the additional funds to reach new trading objectives or to safeguard against market volatility.
- Leverage for Growth: The bonus acts as a buffer during drawdowns, allowing for more flexibility in trading decisions.
3. 20% Iron Bonus up to $2,000
The Iron Bonus is perfect for traders who prefer lower leverage but appreciate the security of additional funds to back their positions, especially in fast-moving markets like Forex and cryptocurrencies.
Key Features:
- Conservative Boost: Add a 20% bonus to your deposits for a more conservative increase in trading volume.
- Risk Management: Helps cushion the risks associated with margin calls and stop-outs during unexpected market moves.
- Accessible to All Traders: Available with a minimum deposit of just $100, making it accessible to all levels of traders.
Benefits of Trading with IronFX Bonuses
- Increased Trading Longevity:
- Bonuses increase your account equity, giving you a longer runway to engage with the market without fearing early stop-outs, particularly important in the cryptocurrency markets where volatility can be high.
- Experiment with Strategies:
- With bonus funds, traders can afford to experiment with various trading strategies that they might not have otherwise risked. This is particularly useful for beginners who are still learning the ropes.
- Enhanced Market Exposure:
- More funds mean the ability to participate in larger trades or diversify across different instruments, from major cryptocurrencies to exotic pairs, increasing potential returns.
IronFX’s trading bonuses provide a substantial advantage to traders looking to enhance their trading experience and broaden their exposure to global markets, including cryptocurrencies. These bonuses are designed to suit a variety of trading styles and risk tolerances, from aggressive traders looking to maximize leverage to more conservative participants seeking to extend their market presence cautiously. As with any financial decision, traders should consider their financial situation and trading strategy to make the most out of these opportunities.
Invest in Cryptocurrencies with IronFX
FAQs about IronFX’s Cryptocurrency Trading
- What is IronFX?
- IronFX is a global leader in online forex trading, providing access to a variety of financial markets including forex, metals, futures, shares, indices, and commodities. Established in 2010, IronFX serves both retail and institutional clients across more than 180 countries.
- What types of trading accounts does IronFX offer?
- IronFX offers several account types including Live Floating, Live Fixed Spread accounts, and STP/ECN accounts, each catering to different trading needs and strategies.
- What are the base currencies available for IronFX accounts?
- IronFX provides a range of base currencies for accounts, including USD, EUR, GBP, AUD, JPY, BTC, PLN, and CZK.
- Can I trade cryptocurrencies with IronFX?
- Yes, IronFX offers trading in cryptocurrencies among other financial instruments.
- What is the minimum lot size that I can trade with IronFX?
- The minimum lot size available on IronFX is 0.01, which is standard across all account types.
- Are there any bonuses available for new traders at IronFX?
- Yes, IronFX offers various bonuses including a 100% Unlimited Sharing Bonus, a 40% Power Bonus up to $4,000, and a 20% Iron Bonus up to $2,000.
- What trading platforms does IronFX support?
- IronFX utilizes the MetaTrader 4 (MT4) platform, which can be accessed via desktop, web, or mobile interfaces.
- Is there support for automated trading on IronFX platforms?
- Yes, MT4 supports automated trading via Expert Advisors (EAs), which allow users to automate their trading strategies.
- What leverage does IronFX offer?
- IronFX offers flexible leverage options up to 1:1000 on certain account types, allowing traders to increase their trading exposure with a smaller capital outlay.
- What are the spreads and commissions like with IronFX?
- IronFX offers competitive spreads starting from as low as 0 pips and provides detailed information on commission structures, which can vary based on account type and market conditions.
- Can I trade from my smartphone with IronFX?
- Yes, IronFX offers mobile trading capabilities through MT4 mobile apps for both Android and iOS, enabling trading on the go.
- How do I get started with trading at IronFX?
- To start trading with IronFX, you need to register an account, verify your details, fund your account, and then you can begin trading on one of their supported platforms.
Please check IronFX official website or contact the customer support with regard to the latest information and more accurate details.
IronFX official website is here.
Please click "Introduction of IronFX", if you want to know the details and the company information of IronFX.
(Forex Broker)
Comment by Hans
April 24, 2024
as I am trading here various assets, for me it's the most important feature. i mean, flexibility in tradable markets. i alternate trading styles, meaning that sometimes I trad...