55 reviews of IronFX are presented here. All reviews represent only their author's opinion, which is not necessarily based on the real facts.
I am a VIP FxPro client and these brokers have got my information from some source as from what I see many of their employees belong to Fxpro. UNETHICAL.
The calling and the emailing from them does not STOP.
They keep on bothering me non stop to move my account to them and they will give me special benefits;
I have said No more than 20 times this supposing account manager keeps on calling me saying Fxpro will close down and I should come to them.
Passing on peoples details is not ethical and even more its not nice to be called so many times just because some account manager knows your details and your deposit amounts at your broker.
This has happened to 2 more Chinese people and its simply not ethical. I raise this issue here and other forums and I will also raise this to CySec. I have already told my current manager at Fxpro and he said its a known issue and they are at court with them.
Iam a long-term trader with primarily Forex.com and IBFX. Started trading with IronFX since beginning of January primarily manual large lots short JPY. No issues with trading or execution, have also use Martingale EA on a separate algo account. Total profits to date on the short JPY trade c. $186,000 of which have withdrawn without any issues $100,000. Love their VPS service for EAs and super-fast execution with Asia-primed servers. My Account Manager always on call 24/7 (try it yourselves!) and willing to solve any questions, both in native (Mandarin) but also English as i was raised in the UK. Recent investment in servers shows with the accurate execution and the speed of trade especially on EA. Love them and love their profits. Have already started the process to move all my trading accounts to them.
Ive been trading with them for 5 months now and never faced any issues. Have a fixed spread account at 1.5 pips . The night, spreads gets higher but tell me who doesn't do it. I think it's justified and iron remain competitive even with the night spread. Sounds good to me and leaned not to Judge until I see it by my eyes.
So far so good.
This is the worst broker I have ever been with... I can't believe all these positive rating, to my opinion they are all fabricated by the Ironfx employees or affiliates.
This broker is a total bucket shop. Those hungry Cyprus dogs lay their bait by providing you 100% bonus to lure your money in and then slowly chew you off to the last bite by hunting your SL, widening spreads, and giving you the slowest execution speed you have ever seen in this industry. I am a real person and pro trader, I have solid proof about what I have mentioned above including screen shots of every event I have encountered with these thieves... I challenge Earnforex to publish my comment and will provide proof if asked. I have a premium account with them with high deposit and I have never been profitable due to this broker's stealing act and unethical behaviour, I trade 90% manual and only 10% by EA. My highly customized profitable EA works great with other brokers but not with Ironfx. No EA works on Ironfx, they use dealer plug-ins to slow you down and hunt your SL and not fill your TP if your lot size is high, surely, they fill you in if your lot size is small to make you tempted to trade higher lot size because you have been given 100% percent bonus but that's just a bait to make you trade heavier, but once you do, they trade against you and dealer plug in kicks in and make sure you lose money...these criminals should be prosecuted to the fullest extend by law and actually I am planning to go after them with the best lawyer team I have in this country so they will learn not to do this to any innocent trader who is trapped by them...it's gonna be a long fight but solid proofs are what helps in these type of cases and I have them all...stay away people, save your money and never deal with Ironfx.
IronFX is very good broker.
Korean account manager helped me open the account and he has been great for me. It was very easy to trade when they speak my language especially when I deposit and withdraw my money.
I heard that they have managers from other countries too.
GOOD broker. i'm very happy with their promotions, funding and appreach.
Good Company. i saw them in the Shanghai live competition ceremony. i saw real ferrari there! there are a lot of medias come includes CCTV. do you know what CCTV is? LOL. it's TOP 1 channel. i am planning to move to this company from my current broker.
Of course they are scammers and they look for an ignorant or uneducated investors in order to steal their money.
They are offering BINARY OPTIONS.
Please follow the link in order to understand what are Binary Options and why only scam companies are using them:
Have you seen any serious company (CitiFX,Saxo,Oanda,FXDD,GFT...) to offer Bianaries ?? NO!!!!
They are based in Cyprus, i.e regulated by Cysec,ie. they can do whatever they want. CySec does not regulate anything.
They have written scam allover them : 100% Bonus, Trade from 0 spread, Binary options.
“Best Forex Platform 2012” by JRJ and “Best FX platform 2012” by Hexun. GREATEST SCAM EVER + 0 SPREAD SCAM
There is no best forex platform award. 99% of the brokers use MT4 which is just that. It is the same platform on all the brokers hence the one that says it has received an award for its platform its a huge liar. There isnt any company names JRJ and Hexun that judge FX platforms and gives away awards. These are some stupid companies that the brokers pay in order to receive the award. THE BROKERS BUY THE AWARDS yes this is correct.
The conversation below earlier was about that. I cannot believe that this company is regulated.
Mohammed Irfan Thu, 1/24/2013 05:19:41 pm
Hello Client. How may I help you?
Client Thu, 1/24/2013 05:32:18 pm
On which account you offer 0 spreads ?
Mohammed Irfan Thu, 1/24/2013 05:33:23 pm
commission is 15$
Client Thu, 1/24/2013 05:34:06 pm
what do you mean yes sir 0 spread ?
the question was : " ON WHICH ACCOUNT do you offer 0 spreads? "
Mohammed Irfan Thu, 1/24/2013 05:34:36 pm
and also in IronFX platform
Client Thu, 1/24/2013 05:35:03 pm
trading which currencies ? all of them ?
what is is the ironfx platform ?
CustomerSupport Thu, 1/24/2013 05:36:27 pm
hello sir. my colege transfered a chat to me.
I will answer to your questions.
we offer 0 spreads on our stp/ecn accounts.
we have 2 different options.
May I please, ask you what would be your initial deposit?
Client Thu, 1/24/2013 05:37:33 pm
what is the ironfx platform ?
CustomerSupport Thu, 1/24/2013 05:39:47 pm
With this inital deposit, we can offer you the "Commission STP", which means that you will have starting from as low as 0 sprad, however, you will pay the commission of 13.5 usd for round turn lot.
We have 10 different platfroms, and MT4 is the main one.
Client Thu, 1/24/2013 05:40:27 pm
IronFX was awarded “Best Forex Platform 2012”
which platform is this ?
CustomerSupport Thu, 1/24/2013 05:41:29 pm
This is the Meta Trader 4 platform with our settings.
You can use EA
there is no slippage on instant execution
Client Thu, 1/24/2013 05:42:35 pm
so you have the MT4 platform.. the same platform that all the other brokers are using. why yours was awarded the best ??
...instant execution ---> REQUOTES ... no thank you
CustomerSupport Thu, 1/24/2013 05:44:57 pm
Yes, sir. Many brokers use MT4, however every broker has the opportunity to set it under his settings.
Our MT4 was awarded as the platform with best settings.
Client Thu, 1/24/2013 05:46:13 pm
What do you mean best settings ? Are you playing around with my brain cells?
You have the best settings in MT4 ?
what exactly are these settings ?
CustomerSupport Thu, 1/24/2013 05:47:15 pm
Well, for example, some brokers do not allow to use Expert Advisers on their pltaforms.
Some brokers do not have as many products to trade on their platform.
Client Thu, 1/24/2013 05:49:11 pm
1. All of the brokers offering MT4 allow for EAs. That is the use of MT4.
2. Having more products is not a setting
Which are your MT4 settings that have given you the best Forex platform award ??
CustomerSupport Thu, 1/24/2013 05:51:40 pm
No sir, not all brokers allow to use EA on their platforms.
Having more products may be not a setting but it is a competitive advantage over a platform that has less products.
Client Thu, 1/24/2013 05:55:44 pm
ok fine, which are the settings then that have given you the award for the best platform , why your mt4 id better than FXCM,IBFX,FXDD ?
CustomerSupport Thu, 1/24/2013 05:58:07 pm
more user-friendly and simpler to operate. We provide traders with the convenience of best forex trading tools accessibility. Traders are able to use such helpful tools such as Expert advisor, VPS, ECN etc. With the help of these trading tools, traders are able to do automatic trading and their trades can continue even if their computer is switched off unexpectedly for example
Client Thu, 1/24/2013 06:00:21 pm
VPS is not a setting, you just offer a service and is unrelated to MT4, EAs again all of the MT4 platforms use EAs. I am still waiting for the settings.
Is your MT4 the same as FXCMs, FXDD and IBFX ?? I hope the answer is YES because I cant see any difference. Its like selling a BMW and you telling me that your BMW is better because you have set it up with better settings.
again I am asking you. Are you playing with the cells inside my brain ?
CustomerSupport Thu, 1/24/2013 06:03:34 pm
Sir, It is all a part of the platform. All the services that we provide are related to our platform, and all these services are accessible through our platform. That is why our platform has been chosen as the award winning. Our service, product with corelation of our platform.
Yes it is. If you buy a BMW and I buy the same car and model, upgraded, serviced it better, put more tools, of course mine would be better.
Sir, do you have an account with us?
Client Thu, 1/24/2013 06:05:59 pm
At the time, thank god no.
ok, where can I get more info about your VPS service please ?
CustomerSupport Thu, 1/24/2013 06:06:40 pm
Please, follow the information on this link: http://www.ironfx.com/en/promotion/vps_hosting
May I help you with anything else?
Client Thu, 1/24/2013 06:07:26 pm
yes, can you please tell me more about your 0 spreads ?
do you offer 0 spreads in all the currencies ??
CustomerSupport Thu, 1/24/2013 06:09:24 pm
Sir, it depends on the currency pair.
And the account type you have.
And the 0 spreads, means it starts as low as 0.
Client Thu, 1/24/2013 06:10:26 pm
which currency, which account type offers as low as 0 ?
CustomerSupport Thu, 1/24/2013 06:11:23 pm
For all our pairs, please have a look on this link.
If you click on the live STP Accounts, you will have the full list of currency pairs.
Client Thu, 1/24/2013 06:12:55 pm
ok on the website you have 0 RAW spreads
what is the commission per lot ?
CustomerSupport Thu, 1/24/2013 06:14:12 pm
With your previously discussed initial deposit, the commission would be 13.5 per round turn lot USD.
Client Thu, 1/24/2013 06:14:56 pm
ok then, 13.5 basically means that you charge 1.35 pips spread
CustomerSupport Thu, 1/24/2013 06:15:00 pm
Client Thu, 1/24/2013 06:15:09 pm
so basically your EURUSD spread is 1.35 pips
CustomerSupport Thu, 1/24/2013 06:15:14 pm
This is the commission. 13.5 usd + the avarage spread on this currency pari.
Client Thu, 1/24/2013 06:16:52 pm
So now you are telling me that there is a possibility of paying MORE than 1.35 pips.
As I understand you do not realize that "commission" is a way of charging spread
CustomerSupport Thu, 1/24/2013 06:18:02 pm
sir please, do not play with words.
We charge comission and spread.
comission is 13.5 usd per round turn lot
Client Thu, 1/24/2013 06:18:40 pm
excellent, You charge COMMISSION + SPREAD
CustomerSupport Thu, 1/24/2013 06:18:46 pm
the avarage spread on EUR USD is 0.2 on the mentioned account
Client Thu, 1/24/2013 06:19:19 pm
plus 13.5 commission (i.e 1.35 spread) the total spread is 1.37
CustomerSupport Thu, 1/24/2013 06:19:22 pm
Client Thu, 1/24/2013 06:19:27 pm
So your spread without commission is 1.37 pips
Your commission without spread is 13.7USD per round lot
Perfect.got it. thank you.
Now I am going to open an account with someone else
The site of Iron Forex Looks Good and the information inside even better if we presume that this is not an honest broker.
What is the aim of an Fx broker? To attract more customers right? The way I perceive Ironfx is that they lie to you to get you in and then take your money. Why I am saying that? If you look at their site, home page banner number 3 its says interbank pricing from 0. and then in their site: http://www.ironfx.com/en/trading-products/forex they say "We offer the tightest spreads in the market, starting FROM 0.4 pips" Why not being honest from the first banner? Customers are not stupid, they know how to read.
In general I like their site and services but this makes me crazy to see such inconsistency in their marketing approach. I hope they will understand my post from a customer point of view and I hope they can provide an answer to me, why they are doing this. (Unhetical Behavior)
Have very bad experience with IronFX. Last Friday Jan 18, faced a terrible shock. My stoploss order was triggered but it was executed 54 pips higher than the limit set. Broker refused to refund claiming low market liquidity (happened during NY session). Furthermore they charged the "execution" normal commission. Exchanged a few emails with them unsuccessfully. Stoploss order seems to be treated as decoration to your account only. This has never happened to me in my 16 years carreer as professional trader.
Would strongly discourage you opening account with them.
I started trading with IronFX. I deposited £500 in an MT4 account.
I managed to double my money within 3 days. I closed all my positions at profit.
Logged into my account to process a withdrawal and my account was £20 in balance, I left it with a balance of £1,240.
I checked my account and 2 trades I closed at profit (and I have print outs confirming so) were closed at £0.00 and -£1,220. I contacted support in the hope that I could get this issued resolved, I informed them of the error.
The head of customer services then contact me and said the trades were executed correctly. I sent him the print outs and informed him of when I closed the trades etc. He then passed this onto management.
I have yet to hear from them and I have had to start a chargeback with American Express and PayPal. I have managed to get my £500 deposit back.
Support is now ignoring my emails/calls/chats and are hoping this will blow over. It won't, I am going to take legal action and I shall report this to the relevant authorities.
Instant Execution, No Slippage, Low Market Spreads, now ironfx is giving 50% deposit bonus, so into my mind of thinking it's really awesome in trading market. When i was moved my funds to ironfx i got 40% deposit bonus.
I think ironfx is a good broker in the market.
Great costumer service and solid trading platform. Very flexible in creating and adjusting charts. Low Market Spreads. Instant Execution, It's very easy to understand. I definitely recommend you stop by here!
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