IronFX

( 1.82 )
17 reviews
Unregulated
This company operates illegally, without a proper regulatory license.
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Key Highlights Critical Insights
Pros|Cons Details FAQ Reviews Broker Profile
Pros
Multilingual support service.
Referral program.
Cons
No license.
Offshore registration.
No information about the owners.
Risk of loss in CFDs with huge leverage.
Incomplete trading conditions.

Company Background

The brokerage company Notesco Int Limited, which owns this project, claims that it is registered in Anguilla under number A000001800, regulated in this jurisdiction, and founded in 2010. In addition, this broker claims to have over 17 million clients in 190 countries and to have received over 150 awards. However, it does not provide documentary evidence of its statistics.

We will take a detailed look at this broker’s activities in our IronFX brand review to understand how it works and whether it is safe. Please join us in our research.

Overview of Services and Trading Terms

IronFX is proud of its success, claiming that over its 15 years of operation, the company has “created an unrivalled environment for CFD trading.” According to the site’s information, the broker provides access to over 500 instruments from 6 asset classes, including forex and futures. However, cryptocurrency is not included in this list.

The firm offers clients MT4, WebTrader, TradeCopier, and mobile apps for trading.

You can choose from 4 types of DD accounts or 3 STP/ECN options. Trading plans differ in spreads: floating from 1.2 and fixed up to 1.9 during the day and 3.0 at night. Leverage is up to 1:1000, but it depends on the account type and jurisdiction. Trading is available with a minimum volume of 0.01 lot.

Many parameters are not disclosed on ironfx.com, such as the minimum deposit amount or the size of some fees.

Additionally, on the website you will find IronFX Trading School training materials, e-books, webinars, news, press releases, and media. Consultations are available via online chat. The company promises to provide 24/5 customer support in more than 20 languages.

Referral and Bonus Schemes

IronFX offers individual affiliate programs consisting of 5 levels. Participants can earn commissions on referral deposits ranging from $2,500 to $50,000. Accordingly, the reward ranges from $100 to $1,000.

Besides, the broker promises to award exclusive bonuses of up to 100% of your deposit. In addition, you can participate in trading competitions and receive cash prizes. Please note that such tournaments are held for real money and in demo versions. However, be careful, as bonuses ‌usually have hidden restrictions on withdrawing funds.

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FAQ

Is there any income guarantee when trading with ironfx.com?

The broker does not promise clients profits, but warns of the likelihood of losing funds in trading. According to the company, the only way to guarantee money is through a referral program.

What sum is necessary to begin dealing with IronFX?

The minimum deposit amount is not disclosed on the company's official website. Presumably, the starting amount may be as little as $1 or calculated individually.

What deposit and withdrawal methods are available?

IronFX allows you to withdraw funds via bank transfer. However, the broker reserves the right to charge €60 for a return payment.

Is ironfx.com a legitimate website?

The company claims that it operates legally in Anguilla, as it is registered and has an office in this offshore zone. However, the local regulator Anguilla Financial Services Commission has issued a warning stating that Notesco Int Limited has never been licensed there. Therefore, the broker's activities are completely illegal.

Is it like roulette with no guarantee of earning money?

You risk losing all your funds in CFDs with huge leverage. In addition, this company can block your account or steal your money with impunity, as it is not regulated by any serious financial commission.
Emily White - Author on Scamroulette.com
Emily White

I found out that the brand belonged to IronFX Ltd, which received licenses from CySEC (Cyprus), ASIC (Australia), and FCA (UK) in 2010. However, the broker committed serious violations and regulators blacklisted it. After that, the company rebranded, changed jurisdictions, and is now allegedly based in Anguilla. Of course, you will not receive any guarantees of the safety of your funds from this CFD broker. I would like to note that CySEC ruled against IronFX with a fine of €335,000, which you can find at the link: www.cysec.gov.cy/en-GB/public-info/decisions/76109

Overall Score

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1.82/5
OVERALL

Based on 17 votes

17 reviews about IronFX

  • Cynthia Henry
    1 review
    23.07.2025 17:48
    I don't know what to do.

    I transferred money to my account, after which the broker blocked it. What should I do now?? Where should I go to get my $4,800 back? I am absolutely shocked by this scam!

  • M. Clark
    1 review
    18.07.2025 14:01
    The trading conditions are good.

    The broker offers the opportunity to trade on the MT4 platform, providing the most profitable deals. I started working with a micro account on ironfx.com, as you only need $100 to work on it. I would like to note that this amount is quite optimal for a beginner🙂 However, you can only top up your account by bank transfer (card). In other words, IronFX offers very few deposit/withdrawal methods. In addition, it is very expensive to transfer small amounts through a bank. Therefore, I am a little concerned about the extremely limited choice of deposit and withdrawal methods

  • Pamela Harrison
    1 review
    15.07.2025 22:14
    Excellent company

    If necessary, you can meet with managers in the office, not just by phone or email. Withdrawals and deposits are commission-free — I checked this myself, and I don’t know where all the negative reviews came from. I haven’t noticed anything wrong in three years of trading here

  • Lester
    1 review
    06.07.2025 10:44
    The worst service ever!!!

    I lost $13,870 here in one go. That’s a lot of money for me because I saved it up for a whole year. Trading problems are common with Ironfx. You can’t trust these scammers… Customer support doesn’t work, and money disappears from the client’s account into their pockets…

  • Mario Simpson
    1 review
    30.06.2025 17:59
    The platform works terribly

    I simply couldn’t close my position because of yesterday’s news. I waited 40 seconds for it to display, and then the price went in the red. As a result, I lost £460 on ironfx.com . I don’t recommend anyone to get involved with this nightmare!

  • Mavis
    1 review
    26.06.2025 22:56
    This is a complete failure!

    As soon as the market showed a little volatility, their system started to slow down. That’s why I got stuck in my positions when I needed to get out urgently. The result? A loss of $1,700. That’s why I don’t recommend anyone to deal with Iron FX. Find the best broker who won’t cause you problems when you need them least!

  • Michael L.
    1 review
    24.06.2025 11:53
    I trade at a profit

    The minimum lot size suits me. In addition, the minimum deposit amount is also acceptable. But I am a little confused by the lack of electronic payment systems — they are used all over the world, and the broker Iron FX still does not provide such a withdrawal function

  • Ricky
    1 review
    21.06.2025 07:07
    FRAUDULENT COMPANY

    If you want to be disappointed in trading once and for all, this is the place for you. This broker has nothing to do with investing. Although IRONFX is not new to the market, they have been actively deceiving clients for many years. I don’t understand how they’ve gotten away with it for so many years! I constantly see complaints from deceived clients who fall into the trap at ironfx.com again and again.

  • Mr. Carter
    1 review
    21.06.2025 04:33
    Support staff are useless

    I’ve only been working here for a month, but I’ve had a lot of technical problems, and the support staff are unprofessional, so I’m leaving this broker. I don’t recommend anyone to open an account with this company

  • Alvin Anderson
    1 review
    16.06.2025 15:40
    This is just hell!

    A nightmare with withdrawing money. I wanted to withdraw my $400, but suddenly there was only $370 in my account. I started to find out where these fees came from — it turned out that they also charged a fee for “international transfers”! No warnings, no agreements, nothing! These swindlers do whatever they want! I won’t bring another cent there!

  • Kurt Johnson
    1 review
    14.06.2025 01:43
    These swindlers just stole my money!

    As soon as I made a deposit, their website immediately started freezing, resulting in all trades being closed in favor of the broker. I gave up on the whole thing and decided to withdraw my money, but no such luck! The robot keeps telling me “verification failed,” so it turns out I just gave them my €2k.

  • Hanna
    1 review
    05.06.2025 18:30
    These crooks are just making fun of me!

    Their platform constantly freezes, especially during periods of rapid market movement. I lost a lot of money because of their glitches when I couldn’t close a trade in time! On top of that, customer support is non-existent, no one helps, ironfx.com employees just brush me off like an annoying fly. How can they treat people so badly? I lost $1,300 because of poor service! I will never deal with offshore scammers again!

  • Jimmy
    1 review
    04.06.2025 16:49
    These scammers cheat people however they want

    Every time I try to withdraw money, they find new reasons to refuse me. First, I supposedly filled out the documents incorrectly, then they demanded confirmation of my bank account and additional verification of transactions. I have $1,600 in my account, but I haven’t been able to withdraw it for a month!

  • A. Barnes
    1 review
    03.06.2025 16:59
    I thought this was a reliable, experienced broker...

    I deposited $100, but my orders are not being executed, the withdrawal took 3 days to process, and then it was rejected for no reason! Finally, I found information about fines, blocks, blacklists, which Ironfx is on! I ask them: where is my money, why are you hiding your ugly faces??

  • Vera Jones
    1 review
    22.05.2025 10:32
    I don't see the point in choosing this company for my trading.

    This broker doesn’t seem like a scam, but I don’t see much potential here! In addition, there are many negative reviews online. I’d rather look for a more promising broker!

  • Mr. Garner
    1 review
    22.05.2025 04:49
    I shouldn't have trusted this broker

    I joined the project in vain. I thought I could really make money, but in the end, I got nothing. I lost my $500 as soon as I transferred it to these crooks

  • Lou Arellano
    1 review
    18.05.2025 16:35
    Scammers make money off traders' trust

    Remember that this trading platform offers no guarantees; it only pretends to be a premium broker. There are no useful training materials or additional tools on ironfx.com, it’s all a lie! Your account will most likely be blocked the first time you try to withdraw money! That’s exactly what they did to me. IRONFX found itself a “good” regulator in Anguilla, which does not protect the interests of broker clients.

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Broker Profile

Date of foundation
Since 2010
License
No
Leverage
1:1000
Demo account
Yes
Order Execution Model
STP, DD, ECN
Minimum deposit
$1
Trading Platforms
Advanced, Feature-rich, User-friendly, Mobile compatibility
Leverage Options
High leverage (e.g., 1:500)
Spread and Commission Structure
Moderate spreads, Moderate commissions
Range of Instruments
Moderate range
Customer Support
Limited hours support
Regulatory Status
Not regulated
Account Types
Variety of account types (retail, professional, Islamic)

Why you can trust reviews about IronFX

  • Our report includes a comprehensive look at the company and information on its background.
  • We pay close attention to what people are saying about companies. Each comment is moderated and checked for spam.
  • We reject dishonest practices to create a favorable image. Paid reviews, boosted ratings, and comments from the same IP address are banned or marked in a special way.
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