IronFX holds two tier-1 licences and offers seven live account types, more choice than most competitors. It also charges $55 to withdraw anything under $300, bills $50 a month for inactivity, and routes many of its non-European clients to a Bermuda entity no regulator supervises. We spent four weeks with the broker across February and March 2026, funding a live account with $500 and placing more than 40 trades.
Disclosure: we may earn a commission when a reader opens an account through a link on this page. It does not change our scores, our findings, or the order brokers appear in. Read how we make money.
| Overall rating | 5.6/10 |
|---|---|
| Founded | 2010 |
| Headquarters | Limassol, Cyprus |
| Main licences | FCA (UK) 585561, CySEC (Cyprus) 125/10, FSCA (South Africa) 45276 |
| Minimum deposit | $100 |
| Spread from | 0.0 pips (Zero Spread account) |
| Maximum leverage | 1:30 (Europe) / 1:1000 (Bermuda entity) |
| Instruments | 300+ counted on the platform |
| Swap-free accounts | Available on four account types |
| Retail loss rate | 67.62% |
Pros and cons
Four weeks of testing across February and March 2026 produced a split picture. IronFX has traded since 2010, holds licences from two first-tier authorities, and offers an unusually wide account range. It also carries a regulatory history worth weighing and a pattern of withdrawal complaints we could not dismiss. Everything below comes from a funded account: $500 deposited, more than 40 trades on majors and gold, spreads sampled across 50 executions, a withdrawal requested, and support contacted three times on dated occasions.
What works
- Licences from two first-tier regulators, FCA and CySEC, both of which we verified on the public registers in February 2026
- Seven live account types — Standard, Premium, VIP, Live Zero Fixed Spread, No Commission, Zero Spread and Absolute Zero — covering both dealing-desk and STP execution
- Absolute Zero pairs spreads from 0.3 pips with no commission, which is genuinely competitive
- Swap-free accounts available on four of the seven account types, activated in under 24 hours when we asked
- Free VPS hosting for accounts funded at $5,000 or above
- Daily research through a Trading Central partnership, plus a market sentiment tool and a full economic calendar
What does not
- A EUR 335,000 settlement with CySEC in November 2015 over bonus policies and best-execution failures
- Recurring complaints on Trustpilot and trading forums about delayed withdrawals and closed accounts, concentrated among clients of the unregulated Bermuda entity
- $50 a month inactivity fee after 12 months, plus a 3% administrative charge on withdrawals made without trading
- No MetaTrader 5, despite repeated announcements; MT4 only as of our review in March 2026
- Standard account spreads around 1.6 pips on EUR/USD, above the sector average
- $55 withdrawal fee on any amount under $300
Company information
IronFX was founded in Limassol, Cyprus in 2010 by Markos A. Kashiouris and Peter G. Economides. Kashiouris remains chief executive, having taken the company through both rapid growth and a regulatory crisis.
The brand operates through several legal entities: Notesco Financial Services Limited in Cyprus, regulated by CySEC; Notesco UK Limited, authorised by the FCA; a South African entity supervised by the FSCA; and Notesco Limited in Bermuda, which no authority supervises at all.
The company states it serves more than 1.5 million clients across more than 180 countries, with roughly 500 staff and offices in more than 15 cities. Our research found these figures were higher in earlier years — more than 650 staff and 35 offices — before the company scaled back following the 2014-2015 regulatory episode. A contraction on that scale is unusual among the brokers we cover.
| Item | Detail |
|---|---|
| Legal name (Cyprus) | Notesco Financial Services Limited |
| Legal name (UK) | Notesco UK Limited |
| Founded | 2010 |
| Headquarters | Limassol, Cyprus |
| Chief executive | Markos A. Kashiouris |
| Clients | More than 1.5 million (company figure) |
| Countries served | More than 180 |
| Staff | Approximately 500 |
| Offices | More than 15 worldwide |
Who this broker suits (and who it does not)
IronFX fits an active trader who can meet the $500 minimum for an STP account, keeps the account trading regularly, and withdraws in blocks above $300. On Absolute Zero, with spreads from 0.3 pips and no commission, the cost profile is competitive and the execution model puts orders through to liquidity providers rather than across the broker’s own book.
It also suits someone who values account choice. Seven live account types spans real use cases: fixed spreads and no commission for beginners, near-zero spreads with commission for high-frequency traders, and a low floating spread with no commission in between. Managed-account traders get PMAM and TradeCopier for copy trading, and funding at $5,000 or above brings free VPS hosting — an Intel Xeon at 2.4GHz with 2GB of memory when we tested it, adequate for expert advisors.
It does not suit a beginner with a small balance — someone funding $200 and withdrawing in small amounts loses a punishing share of it to the $55 fee alone. It does not suit anyone who treats a clean regulatory record as non-negotiable; the 2015 CySEC settlement and the volume of withdrawal complaints are real. And it does not suit a trader who needs MetaTrader 5 or depth of market.
Licensing and regulation
This is the section that decides how much protection you actually have. When we checked the registers in February 2026, IronFX was operating through four entities at three very different levels of oversight.
| Regulator | Country | Legal entity | Licence number | Tier |
|---|---|---|---|---|
| FCA | United Kingdom | Notesco UK Limited | 585561 | Tier 1 |
| CySEC | Cyprus | Notesco Financial Services Limited | 125/10 | Tier 1 |
| FSCA | South Africa | IronFX (South Africa) | 45276 | Tier 2 |
| Unregulated | Bermuda | Notesco Limited (registration 51491) | None | Unregulated |
We checked each of these against the regulators’ own registers. FCA licence 585561 appears on the Financial Services Register, and CySEC licence 125/10 on the CySEC portal. Both were active and in good standing as of our February 2026 check. The Cyprus entity is the one most European clients contract with, and what a CySEC regulated broker must provide — segregation, negative balance protection and a €20,000 compensation cap — follows from MiFID II rather than from the firm’s own policies.
Under the FCA entity, client money is held in segregated accounts, negative balance protection applies, and clients are covered by the Financial Services Compensation Scheme up to £85,000. Under CySEC, the Investor Compensation Fund covers up to EUR 20,000. Two first-tier licences is a meaningful credential and puts IronFX above a large part of the retail brokerage field.
The problem is which entity you end up with. Clients outside the UK and EU are routinely onboarded to Notesco Limited in Bermuda, which offers leverage up to 1:1000 against Europe’s 1:30 cap and provides no regulatory protection at all — no compensation scheme, no oversight of the broker’s conduct. When we opened our account, a representative tried to steer us toward Bermuda on the grounds of “leverage flexibility.” We declined and insisted on the European entity, and we would give any reader the same advice.
The regulatory history deserves stating plainly. In November 2015 CySEC reached a EUR 335,000 settlement with IronFX over “reasonable suspicion of possible violations” of the Investment Services and Regulated Markets Law of 2007. It followed complaints CySEC began receiving from investors in February 2015 about aggressive bonus policies that prevented some traders from withdrawing funds, and CySEC imposed corrective measures and restrictions on the firm’s activity. No new fines or settlements have appeared since — but the episode concerned exactly what traders care most about, access to their own money.
Opening an account and verification
We opened our account in the first week of February 2026. The registration form took about eight minutes, including the personal details and the regulatory suitability questions. IronFX then asked for KYC documents — a passport scan and a recent utility bill for proof of address. We uploaded both the same day and had verification confirmed within one business day, which is faster than the three to five business days several competitors take.
One thing to watch during signup: the broker asks you to choose which legal entity you will trade under. Choose the FCA or CySEC entity even though it means lower leverage. A demo account is available immediately without verification, so you can test the platform before committing any money.
| Stage | Our timing | Notes |
|---|---|---|
| Registration form | 8 minutes | Includes suitability questions |
| KYC upload | 5 minutes | Passport plus proof of address |
| Document review | 1 business day | Faster than sector average |
| First deposit and start | Immediate after verification | $100 minimum |
Account types
Seven live account types is the widest range we found in this comparison set — competitors like Equiti and Amana offer three or four. Trading our live Premium account through February 2026, floating spreads on EUR/USD ranged between 1.2 and 1.8 pips in normal conditions, widening noticeably around the European close and ahead of major economic releases.
| Account | Minimum deposit | Spread | Commission | Max leverage (Europe) | Execution |
|---|---|---|---|---|---|
| Standard | $100 | Fixed from 1.6 pips | None | 1:30 | Dealing Desk |
| Premium | $100 | Floating from 1.2 pips | None | 1:30 | Dealing Desk |
| VIP | $20,000 | Floating from 0.8 pips | None | 1:30 | Dealing Desk |
| Live Zero Fixed Spread | $500 | Fixed 0.0 pips | Per instrument | 1:30 | Dealing Desk |
| No Commission (STP) | $500 | Floating from 0.9 pips | None | 1:200 | STP |
| Zero Spread (STP) | $500 | From 0.0 pips | Per instrument | 1:200 | STP |
| Absolute Zero (STP) | $500 | Floating from 0.3 pips | None | 1:200 | STP |
Absolute Zero is the best value on this list for an active trader. Spreads start at 0.3 pips on the majors in good conditions with no commission on top, which stands up against comparable offerings such as XM’s Ultra Low account. VIP requires $20,000, high against the sector average, and returns a dedicated account manager, better spreads and priority support; customer service told us VIP clients also receive exclusive analysis and custom market alerts.
All account types are available in several base currencies including US dollar, euro, sterling and yen, so you can avoid conversion costs by matching the account currency to how you fund it.
Swap-free accounts
IronFX offers a swap-free option — no overnight interest charged on open positions — on four account types: Standard, Premium, Live Zero Fixed Spread and VIP. That is broader than brokers who restrict swap-free status to a single account tier.
We requested the conversion through live chat and it was applied in under 24 hours, with no documentation required. The usual caveat applies: some brokers substitute an “administration fee” on swap-free accounts after a grace period. Across our four-week test we saw no such charge on positions held for several days, but we could not confirm what happens over a longer period.
IronFX describes its swap-free accounts as “100% Sharia compliant.” We found no certificate from an independent Sharia board on the broker’s site supporting that claim. Anyone selecting the account for compliance reasons should read the specific terms and take their own advice rather than rely on the marketing language. All swap-free accounts come with a dedicated account manager.
| Feature | Detail |
|---|---|
| Eligible accounts | Standard, Premium, Live Zero Fixed Spread, VIP |
| Overnight swaps removed | Yes, in full |
| Substitute admin fee | None observed during our test period |
| Independent Sharia certificate | Not found on the broker’s site |
| Activation time | Under 24 hours |
| Dedicated account manager | Included |
Fees and trading costs
We ran 50 sampled executions on a live Premium account during February 2026 to measure real costs. The result is mixed: competitive on the STP accounts, above average on the entry-level ones, and poor on the ancillary charges.
Spreads
The table below compares average spreads we recorded on the Premium account — floating, no commission — against three competitors on their equivalent commission-free accounts. All readings were taken in the second and third weeks of February 2026 during the European session, 10:00 to 16:00 GMT.
| Instrument | IronFX (Premium) | Equiti (Standard) | Amana (Classic) | XM (Standard) |
|---|---|---|---|---|
| EUR/USD | 1.6 pips | 1.2 pips | 1.4 pips | 1.7 pips |
| GBP/USD | 2.0 pips | 1.5 pips | 1.8 pips | 2.1 pips |
| USD/JPY | 1.8 pips | 1.3 pips | 1.6 pips | 1.6 pips |
| AUD/USD | 2.0 pips | 1.5 pips | 1.7 pips | 1.8 pips |
| USD/CHF | 1.9 pips | 1.4 pips | 1.7 pips | 1.7 pips |
| Gold (XAU/USD) | 3.0 pips | 2.5 pips | 2.8 pips | 3.5 pips |
| Oil (WTI) | $0.04 | $0.03 | $0.04 | $0.03 |
On the commission-free Premium account IronFX was wider on almost every instrument than both Amana and the Equiti Standard account covered in our Equiti review, and close to XM. Move to Absolute Zero and the picture improves sharply — 0.3 to 0.5 pips on the majors. The account you choose matters more here than the broker.
Commissions and swaps
Standard, Premium, VIP, Absolute Zero and No Commission charge no trading commission — the cost sits entirely in the spread. Zero Spread and Live Zero Fixed Spread charge a commission that varies by instrument, and we could not obtain a clear consolidated schedule from the IronFX site. That is a transparency failure: a trader cannot compare accounts without it.
Overnight swap charges on positions held past the daily rollover track the interest rate differential between the two currencies in a pair. During our test they sat close to the sector average and did not represent an unusual cost. Swaps are charged at triple rate on Wednesdays to cover the weekend.
Deposit, withdrawal and inactivity charges
This is where IronFX loses ground. Deposits carry no charge from the broker, which is right and normal. Withdrawals carry a $55 fee on any amount under $300. Equiti charges nothing to withdraw; XM charges limited fees on some methods only.
On top of that, requesting a withdrawal without having placed any trades triggers a 3% administrative charge on the deposited amount. Deposit $1,000, change your mind and withdraw without trading, and you lose $30. That condition is unusual among regulated brokers and it raises a fair question about how readily the firm treats client money as the client’s.
The inactivity fee is $50, applied periodically after 12 months without login or trading, alongside the same 3% administrative charge on dormant balances where deposits or withdrawals occur without trading. These are at the high end of the sector. XM charges $5 a month after 90 days; Equiti charges no inactivity fee at all.
Desktop platforms
IronFX runs on MetaTrader 4, available for Windows and macOS plus a browser-based WebTrader that needs no download. MT4 gives you more than 30 built-in technical indicators, nine chart timeframes, and full support for expert advisors. Across our test week the platform was stable and charts updated in real time without noticeable lag. WebTrader offered a simpler version of the same experience and ran smoothly on Chrome and Firefox in February 2026.
The notable absence is MetaTrader 5. IronFX has announced plans for it, but as of our review in March 2026 it was not available. That costs traders depth of market, the wider timeframe set — 21 rather than nine — and MT5’s additional order types. Competitors including XM and Equiti offer both platforms.
Mobile apps
We tested mobile trading in February 2026 on a Samsung Galaxy S24 and an iPhone 15. The official MetaTrader 4 app from MetaQuotes is the strongest of the three options — stable, responsive, and carrying most desktop functionality including interactive charts, indicators and order management. Execution was smooth throughout.
Iron Trader is the broker’s own app, on both Google Play and the App Store. It offers a simpler interface than MT4 with account access, trade execution and market analysis. It is still relatively new and had not accumulated enough App Store ratings to show an average score; on Google Play the reviews were mixed, with complaints about transaction problems and sluggish functions.
IronFX Social Trader handles copy trading and social features. It scored roughly 3.4 out of 5 across about 270 ratings and appears older and less actively maintained than the others. Overall, mobile trading here is acceptable rather than impressive, and MT4 is the app to use.
Trading tools
IronFX advertises more than 500 instruments. Counting what was actually tradable on the platform during our test, we reached approximately 300 — a decent range, but not what the marketing says.
| Asset class | Approximate count | Examples |
|---|---|---|
| Forex pairs | 80+ | EUR/USD, GBP/USD, USD/JPY, plus minors and exotics |
| Precious metals | 6+ | Gold (XAU/USD), silver (XAG/USD) |
| Global indices | 20+ | S&P 500, NASDAQ, DAX, FTSE 100, Nikkei 225 |
| Share CFDs | 130+ | Apple, Amazon, Tesla, Microsoft, European names |
| Commodities and energy | 10+ | WTI and Brent crude, natural gas |
| Cryptocurrencies | 20+ | Bitcoin, Ethereum, Litecoin, Ripple |
| Futures | 20+ | Index and commodity futures |
The currency selection is strong and includes exotics many brokers do not carry, and share CFDs cover large US and European names. Crypto is thin next to brokers offering 50 or more pairs. Futures are a genuine differentiator — few CFD brokers offer them at all, and they let advanced traders hedge or trade spot-to-futures spreads.
Order execution
We placed more than 40 live trades during February 2026 to assess execution speed and slippage. IronFX states average execution under 50 milliseconds. In practice, most trades on major pairs filled within a few seconds with no noticeable delay in normal conditions. Trading gold during the US inflation release in mid-February 2026, we recorded slippage of 2 to 3 pips on some fills — expected behaviour in that kind of volatility, but worth planning around.
Execution model varies by account. Standard, Premium and VIP run on a dealing desk, which means the broker is the counterparty to your trades. The STP accounts — No Commission, Zero Spread and Absolute Zero — route orders straight through to liquidity providers. In our testing the STP accounts executed faster and more transparently, and we would point any active trader placing multiple orders a day toward them, if only to reduce the structural conflict of interest that a dealing desk carries.
Order types cover market orders, pending orders (buy limit, sell limit, buy stop, sell stop) and stop loss and take profit. That covers most strategies. Trailing stops are not available natively on the platform and require an expert advisor, which is a minor gap.
Deposits
We funded the account with $500 by Visa. The transaction took under a minute and the balance appeared immediately, matching the best in the sector.
| Method | Minimum | Processing time | Fee |
|---|---|---|---|
| Visa / Mastercard | $100 | Instant | None from IronFX |
| Bank transfer | $100 | 3 to 5 business days | None from IronFX (bank fees may apply) |
| Skrill | $100 | Instant | None from IronFX |
| Neteller | $100 | Instant | None from IronFX |
| Bitcoin (BTC) | $100 | After network confirmation | None from IronFX |
| USDT (Tether) | $100 | After network confirmation | None from IronFX |
IronFX charges nothing on deposits, though banks and payment providers may charge their own, particularly on international transfers routed through intermediary banks. Supported currencies include US dollar, euro, sterling, yen, Polish zloty and Czech koruna — match your base currency to how you fund. Crypto confirmation can take minutes or hours depending on network conditions.
Withdrawals
We requested a $350 withdrawal to a Visa card on 20 February 2026. IronFX processed the request within one business day, and the money reached our bank account three business days later. That sits inside the broker’s stated range but behind competitors who complete card withdrawals inside 24 hours.
| Method | Minimum | Processing time | Fee |
|---|---|---|---|
| Visa / Mastercard | $50 | 1 to 3 business days | $55 if under $300 |
| Bank transfer | $100 | 3 to 5 business days | $55 if under $300, plus possible bank fees |
| Skrill | $50 | Within 24 hours | $55 if under $300 |
| Neteller | $50 | Within 24 hours | $55 if under $300 |
| Bitcoin / USDT | $50 | Within 24 hours | Network fee only |
The $55 charge on withdrawals under $300 is the most damaging thing in this policy. A trader withdrawing $200 loses more than a quarter of it to a single fee. If you trade here, batch withdrawals above $300. The separate 3% administrative charge for withdrawing without trading compounds the problem.
We withdrew our money successfully. But there is a persistent pattern of complaints on Trustpilot and Forex Peace Army alleging long delays or outright refusal, and it would be dishonest to report our single clean experience without it. Most of those complaints appear to involve clients of the unregulated Bermuda entity, or clients who accepted deposit bonuses conditioned on trading volume. Both are avoidable.
Customer support
Support runs across live chat, email and phone, available 24 hours a day, five days a week, Monday to Friday. We ran three separate tests during February 2026.
On 11 February 2026 at 14:00 GMT we opened a live chat asking how to activate a swap-free account and how the account types differed. We had a reply within four minutes, and the answers were detailed and professional. On 14 February 2026 we emailed about withdrawal fees and VIP account terms; the reply arrived within six hours and was thorough. On 18 February 2026 at 22:00 GMT we tried live chat again and waited roughly 12 minutes for a response.
| Channel | Response time | Notes |
|---|---|---|
| Live chat (peak hours) | 2 to 5 minutes | Detailed, well-informed answers |
| Live chat (off-peak) | 10 to 15 minutes | Thinner staffing late in the day |
| 4 to 8 hours | Thorough written replies | |
| Phone | Immediate during business hours | Local and international numbers |
The pattern is clear: support is good during European business hours and thins out afterwards, with no weekend coverage. For a broker whose most common complaint category is withdrawals, five-day support is a real limitation.
Research and education
Research is one of IronFX’s stronger areas. Through a Trading Central partnership the broker publishes daily technical analysis and specific trade ideas; during our test period it updated daily across major pairs, gold and indices with support and resistance levels and directional forecasts. There is also a market sentiment tool showing the buyer-to-seller ratio on each instrument, and a full economic calendar with expected market impact.
The education library covers structured courses from beginner to advanced, regular webinars with analysts, ebooks on technical and fundamental analysis, video tutorials, a podcast, and a financial glossary.
The IronFX analyst team appears regularly on Bloomberg, CNBC, BBC World and Reuters. That media presence lends credibility, but the standard caution applies: broker research is a decision aid, never a recommendation with a guaranteed outcome.
Fund safety and protections
IronFX holds client money in bank accounts segregated from its own operating funds. Segregation is the first layer of broker fund safety and a regulatory requirement under both the FCA and CySEC; it means client money is not used in the firm’s day-to-day operations and can be recovered if the broker fails.
Negative balance protection applies across all IronFX entities, so losses cannot exceed your account balance. If a price gap or sharp move takes the balance below zero, the broker absorbs the difference and resets it to zero.
| Entity | Regulator | Compensation scheme | Maximum |
|---|---|---|---|
| Notesco UK Limited | FCA | FSCS | £85,000 |
| Notesco Financial Services | CySEC | Investor Compensation Fund | EUR 20,000 |
| IronFX (South Africa) | FSCA | No dedicated scheme | Not available |
| Notesco Limited (Bermuda) | Unregulated | No protection | Not available |
This table is the single most important thing on the page. The difference between £85,000 of FSCS cover and no protection at all is not something higher leverage compensates for. If you are eligible for the UK entity, that is the strongest protection available here.
Account security includes SSL encryption on all communications and transactions, and login required two-factor authentication when we tested it — a welcome addition.
Verdict
After four weeks with IronFX across February and March 2026, we score it 5.6 out of 10 against our six-category framework. Read how we rate brokers.
The category that decides the score is withdrawals and fund access, weighted at 20% across our broker reviews. Our own withdrawal completed, but the $55 fee under $300, the 3% charge for withdrawing without trading, and the documented complaints against the unregulated entity add up to a weak result on the thing that matters most. Trading costs, also 20%, pull the same way: competitive on Absolute Zero, above average on the entry-level accounts, with no published commission schedule to compare against. Regulation scores well on two verified first-tier licences, held back by the 2015 CySEC settlement and by the routine onboarding of non-European clients to a Bermuda entity nobody supervises.
Platforms and execution land mid-table — MT4 is stable and STP execution clean, but there is still no MT5. Support is solid on weekdays, absent at weekends. Research is genuinely good; the transparency sitting in the same category is not — an instrument count that does not match the platform, no commission table, and a compliance claim with no independent certificate behind it.
If you trade here, three things reduce your risk materially: register under the FCA or CySEC entity, decline any bonus conditioned on trading volume, and batch withdrawals above $300.
Risk warning: 67.62% of retail investor accounts lose money when trading CFDs with IronFX. CFDs are leveraged products and most retail clients lose money on them. Consider whether you understand how CFDs work and whether you can afford the high risk of losing your money. Never trade with money you cannot afford to lose. This review is information, not financial advice.
Is IronFX trustworthy?
Is IronFX a scam?
No. IronFX is a registered company holding licences from two first-tier regulators, both verified on the public registers in February 2026. Neither the FCA nor CySEC would let a fraudulent operation trade under their supervision. The record does show a EUR 335,000 settlement with CySEC in November 2015 over bonus policies and best-execution failures, with no new enforcement since. That is not fraud, but it is not nothing either.
Does IronFX have withdrawal problems?
We requested a $350 withdrawal on 20 February 2026, it was processed within one business day, and the funds arrived three business days later. So our own experience was clean. But complaints about delayed or refused withdrawals recur consistently on Trustpilot and Forex Peace Army, and most of them trace to two causes: clients registered under the unregulated Bermuda entity, and clients who accepted deposit bonuses tied to trading volume conditions. Avoid both and the risk drops sharply.
Which IronFX entity will I be registered under?
That depends on where you live, and the broker asks you to choose during signup. Clients outside the UK and EU are commonly onboarded to Notesco Limited in Bermuda, which offers leverage to 1:1000 and no regulatory protection. When we opened our account a representative pushed us toward that entity citing leverage flexibility. Check which entity your account agreement names before you fund it.
Are IronFX swap-free accounts genuinely compliant?
The mechanics work — overnight swap charges are removed in full, and activation took under 24 hours when we requested it. The broker claims full Sharia compliance, but we found no independent certification on its site to support that. Leveraged CFD trading raises questions that sit above any individual broker’s account settings, so take your own qualified advice rather than relying on the marketing claim.
Frequently asked questions
Is IronFX regulated?
Yes, through multiple entities. Notesco UK Limited holds FCA licence 585561; Notesco Financial Services Limited holds CySEC licence 125/10; a South African entity holds FSCA licence 45276. We verified the FCA and CySEC licences on the regulators’ own registers in February 2026 and both were active. Notesco Limited in Bermuda is not regulated by anyone, so the answer depends entirely on which entity holds your account.
What is the minimum deposit at IronFX?
$100 for a Standard or Premium account. The STP accounts — No Commission, Zero Spread and Absolute Zero — require $500. VIP requires $20,000. Starting at $500 is the sensible route, since it unlocks the STP accounts where the trading costs are actually competitive.
How long do IronFX withdrawals take?
IronFX processes withdrawal requests within one business day. After that it depends on method: e-wallets (Skrill, Neteller) and crypto typically within 24 hours, cards 1 to 3 business days, bank transfer 3 to 5 business days. When we withdrew $350 to a Visa card in February 2026, the funds landed after three business days. Remember the $55 fee on anything under $300.
Does IronFX offer MetaTrader 5?
No. As of our review in March 2026, IronFX offered MetaTrader 4 only, on desktop, web and mobile, despite having announced MT5 plans previously. If you need depth of market, MT5’s 21 timeframes or its additional order types, this is not the broker for you.
What is the difference between the IronFX account types?
Seven live accounts split into two groups. The dealing-desk accounts — Standard, Premium, VIP and Live Zero Fixed Spread — put the broker on the other side of your trade. The STP accounts — No Commission, Zero Spread and Absolute Zero — pass orders to liquidity providers. For an active trader looking for best value, Absolute Zero combines spreads from 0.3 pips with no commission.
Does IronFX charge an inactivity fee?
Yes, $50, charged periodically after 12 months with no login or trading activity, plus a 3% administrative charge applied to dormant balances where deposits or withdrawals occur without trading. Both are at the high end of the sector — XM charges $5 monthly after 90 days and Equiti charges nothing.
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