IronFX
TypePrivate
IndustryFinancial Brokerage
Founded2010 (2010)
Headquarters
Limassol
,
Cyprus
Productsretail foreign exchange, Contract for Difference
Websiteironfxglobal.com

IronFX Online Forex Broker is an online CFD broker operating globally as a trade name of IronFX Group of Companies, with headquarters in Limassol, Cyprus. The multi-asset broker provides trading instruments and services to retail and institutional clients in 180 countries.

History

IronFX was founded in Limassol, Cyprus in December 2010 after receiving its licence from the Cyprus Securities and Exchange Commission (CySEC).[1]

Since its inception in 2010, IronFX has received over 40 worldwide forex awards.[2]

In 2011, the European CEO recognized IronFX as the Fastest Growing FX Broker,[3] and World Finance named the company Best FX Newcomer.[4]

In 2013, IronFX launched an office in Australia and was licensed by the Australian Securities and Investments Commission (ASIC),[5] as well as the Financial Conduct Authority (FCA) in the United Kingdom.[6] The same year, IronFX received several awards, including the Best ECN Broker by Forex Expo and the Most Trustworthy Broker by Sina. The company was also awarded Best Fundamental and Technical Analysis by International Finance.[7] The same year, World Finance also acknowledged IronFX as the Best STP/ECN Trading Broker, Best CFD Trading Broker, and Best Customer Service Provider. In addition, CIOT EXPO recognized IronFX for the Best Trading Execution Global, and they were named the Best Partner Program Asia by Global Banking & Finance Review.[8]

In early 2014, IronFX launched an office in London and was soon granted the variation of permission licence, which expanded the scope of the previous licence in order to increase the services provided to the traders under the FCA authorization. Also in 2014, the European CEO awarded IronFX as Best Customer Service Provider, while Forex Expo recognized them as the Best Broker in CIS and Russia. IronFX was also honored by the UK Forex Awards for providing the Best Forex Research Reports. Furthermore, FX Report Awards acknowledged IronFX's Outstanding Contribution to the FX Industry, and they received an award for having the Best Mobile Trading Platform.[9]

In 2015, IronFX received the Best Forex Educators award from the UK Forex Awards.[10] IronFX was recognized as the "Best of the best in European Finance" by AI Global Media Ltd in 2016.[11]

AI Global Media Ltd awarded IronFX with the title of Best Global Online Trading Platform and Best Online Trading Platform in 2017.[11][12]

In 2018, the company received several awards, including Wealth & Finance's Global Excellence Awards as the Leading Global Currency Trading Specialists. They were also recognized by Wealth & Finance for Best Cryptocurrency Trading Platform and by International Business Magazine as Best Forex Customer Service Provider in Asia.[12] AI Global Media Ltd honored them as the Best Global Online Currency Trading Platform, the Best Online Trading Platform, as well as Leading Online Trading Solutions Provider of the Year in the British Virgin Islands.[13]

In 2019, IronFX received awards, including Most Outstanding Online Trading Solutions Provider by AI Global Media Ltd, Corporate America Today's Best Broker of the Year, and Global Business Insights recognized them as the Best Online Trading Platform. They were also named the Best Global Online Currency Trading Platform by Lawyer International – Legal 100, M&A Today, and Global Venture.[14]

In 2020, IronFX was awarded the Best Practice Operator of the year (forex) by ACQ5 International Markets.[15]

The company relinquished its Australian license on August 30, 2021, ceasing its operations in Australia under ASIC supervision. The same year, IronFX was honored such awards as: Most Outstanding Online Trading Partners Program by AI Global Media Ltd and ACQ5 International,[14] Online Currency Trading Platform of The Year by ACQ5 International[15] and Best Online FOREX Trading Platform 2021 from Global Business Insights. IronFX was also recognized as Forex Operator of The Year by ACQ5 International Markets.[14]

In 2022, IronFX was recognized as the Most Outstanding Online Trading Partners Program by the Global Excellence Awards.[16]

In 2023, the company received European Global Business Awards as Best Educational Broker, Best CFD Broker by Lawyer International Legal 100, Best Multi-Asset Broker by Lawyer International Legal 101 and the Best MT4 Broker in Europe by the Global Forex Awards.[17]

Products and services

IronFX offers online trading services, allowing clients to trade CFDs on 500 financial instruments across 6 asset classes. CFDs allow traders to potentially profit from speculating on the price movement of a security, either rising or falling, without actually owning the underlying asset.[18]

Through IronFX's MetaTrader 4 and MT4 WebTrader, traders can trade CFDs on forex, metals, indices, futures, shares and commodities with multilingual support. IronFX also has a mobile trading app as well as the IronFX WebTrader app.[19][20]

IronFX has an educational library available through the IronFX trading school and Academy. The library includes webinars, podcasts, eBooks, VIP room, economic calendar and market analysis.[21][20]

Regulation and compliance

The broker includes a number of entities which are authorised and regulated by the FCA, CySEC and the FSCA.[22]

IronFX has a negative balance protection policy in place to ensure that its traders' margin balance does not fall below zero to ensure that traders will not acquire further debts as a result of losing trades.

References

  1. ↑ "IronFX Global Limited". Cyprus Securities and Exchange Commission. Retrieved February 12, 2017.
  2. ↑ "IronFX Review: UK Edition (2023) | FxScouts". fxscouts.com. Retrieved 2023-11-09.
  3. ↑ "Trading with IronFX". Retrieved 2023-11-09.
  4. ↑ "Foreign Exchange Awards 2011". www.worldfinance.com. Retrieved 2023-11-09.
  5. ↑ "Blueprint". www.sec.gov. Retrieved 2023-11-09.
  6. ↑ "NewRegister". register.fca.org.uk. Retrieved 2023-11-09.
  7. ↑ "IronFX: Award-winning forex solutions with a global reach | World Finance". 2013-10-12. Archived from the original on 2013-10-12. Retrieved 2023-11-09.
  8. ↑ "IronFX Review, Rating and Awards 2023 – Forex-Awards.com". www.forex-awards.com. Retrieved 2023-11-09.
  9. ↑ "Forex Broker | IronFX". Forex Broker. Retrieved 2023-11-09.
  10. ↑ "IronFX - DailyVesting". 2023-03-30. Retrieved 2023-11-09.
  11. 1 2 "IronFX Review: UK Edition (2023) | FxScouts". fxscouts.com. Retrieved 2023-11-09.
  12. 1 2 "IronFX - Opinie, Demo, Recenzja brokera 2023 | Ranking" (in Polish). Retrieved 2023-11-09.
  13. ↑ "2019 M&A Awards Packages by AI Global Media - Issuu". issuu.com. 2019-10-11. Retrieved 2023-11-09.
  14. 1 2 3 "ᐅ IronFX Review & Rating 2023 » Is IronFx Scam or Legit?". AtoZ Markets - Forex News & Trading Tools. Retrieved 2023-11-09.
  15. 1 2 "IronFX Review 2023 - Pros & Cons Revealed". DailyForex. 2022-01-05. Retrieved 2023-11-09.
  16. ↑ "ᐅ IronFX Review & Rating 2023 » Is IronFx Scam or Legit?". AtoZ Markets - Forex News & Trading Tools. Retrieved 2023-11-09.
  17. ↑ "IronFX Review 2023 - Pros & Cons Revealed". DailyForex. 2022-01-05. Retrieved 2023-11-09.
  18. ↑ "IronFX UK Sees 2022 Profit Rise despite Fall in Revenue". Financial and Business News | Finance Magnates. 2023-05-05. Retrieved 2023-11-09.
  19. ↑ Olowookere, Dipo (2023-07-26). "Insightful IronFX Broker Review 2023 Compiled By Experts". Business Post Nigeria. Retrieved 2023-11-09.
  20. 1 2 "IronFX Review: Scam or Legit?". BusinessMole. 2022-04-29. Retrieved 2023-11-09.
  21. ↑ "IronFX Review, Rating and Awards 2023 – Forex-Awards.com". www.forex-awards.com. Retrieved 2023-11-09.
  22. ↑ "Forex Broker | IronFX". Forex Broker. Retrieved 2023-11-09.

Further reading

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