| Information | |
|---|---|
| Broker | IronFX |
| Company | IronFX Financial Services Ltd |
| Year since | 2010 |
| Headquarters | – |
| Regulation | FCA UK, ASIC, .CySEC, FSPR, BaFin, .Consob, （Dubai）FSA, (South Africa)FSA |
| Model | ECN & STP & MM |
| US Clients |  |
| Min Deposit($) | 500 |
| ECN Account Min Deposit($) | 500 |
| ECN Commission($)/rtl(Round Turn Lot) | 7.5 |
| Offer Fixed Spread | |
| Offer Variable Spread |  |
| EURUSD Lowest spreads (pips) | 1.1 -Mini account; 0.7 -Standard account; 0 -ECN |
| Account Currency | USD, EUR, GBP, CHF, JPY, AUD, PLN, HUF, RUB |
| Max Leverage | 500 |
| Minimal Lot | 0.01 |
| Deposit Method | Bank Wire, Credit Card, Debit Card, -Skrill, -Neteller, -WebMoney |
| Withdrawal method | Bank Wire, Credit Card, Debit Card, -Skrill, -Neteller, -WebMoney |
| Scalping | |
| Hedging | |
| All EAs Allowed | |
| Currency Pairs | 84 |
| Gold | |
| Gold Spread(100oz) | 50 |
| Silver | |
| Silver Spread(5000oz) | 4 |
| Oil | |
| CFDs | |
| Other Instruments | Stocks, Indices, Futures, Commodities, Energies, Stocks |
| MAM/PAMM Accounts | MAM/PAMM |
| Managed Accounts | |
| Swap-free accounts | |
| Segregated Accounts | |
| Interest on Margin | |
| Bonuses & Rewards | |
| Trading contests | |
| Trading platform | MT5 , MT4 (ECN), MT4 , Sirix |
| Platform Execution | Instant execution |
| Platform Time Zone | GMT+2 |
| Trailing stops | |
| OCO orders | |
| One-click execution | |
| Trade with mobilephone | |
| Trade in browser | |
| API | |
Company: IronFX Financial Services Ltd
Warning:
2015-8-10: The Brazilian CVN had issued a warning against IronFx.
2015-11-27: Cysec had announced a €335,000 Euro fine against IronFx.
2015-11-27
The Cyprus Securities and Exchange Commission (the ‘CySEC’), following its announcement
of 6/8/2015, would like to note the following:
CySEC, under article 37(4) of the Cyprus Securities and Exchange Commission Law of 2009,
has the power to reach a settlement for any violation or possible violation, act or omission
for which there is reasonable suspicion that a person has committed in violation of the
provisions of CySEC’s supervised legislation.
Pursuant to the abovementioned article and following a request by the Cyprus Investment
Firm ‘IronFX Global Ltd’ (the ‘IronFX’), a settlement has been reached with IronFX for which
there was reasonable suspicion of it committing possible violations of the Investment
Services and Activities and Regulated Markets Law of 2007 (the ‘Law’) and of the Directives
issued pursuant to the Law. More specifically, the possible violations under investigation, for
which the settlement was reached, involved assessing the Company’s compliance with,
amongst others:
1. Article 28(1) of the Law, according to which a Cyprus Investment Firm (a ‘CIF’) must, at all
times, comply with the conditions under which authorisation was granted as laid down in
Part III of the Law and in particular, with the conditions laid down in articles 18(2)(f) and
(j) of the Law.
2. Article 36(1) of the Law relating to conduct of business obligations when providing
investment and ancillary services to clients.
3. Article 38(1) of the Law, according to which a CIF must take all reasonable steps to obtain,
when executing orders, the best possible result for its clients.
The settlement reached with IronFX, for the possible violations, is for the amount of
€335.000.
The Company has paid the amount of €335.000.
It is noted that the amounts due from settlement agreements are calculated as revenue
(income) to the Treasury of the Republic and are not calculated as an income for CySEC.
http://cysec.gov.cy/CMSPages/GetFile.aspx?guid=f3b8aa80-6679-4efa-9ede-6cb53097e8d5