IronFX

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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 no
Min Deposit($) 500
ECN Account Min Deposit($) 500
ECN Commission($)/rtl(Round Turn Lot) 7.5
Offer Fixed Spread no
Offer Variable Spread yes
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 yes
Hedging yes
All EAs Allowed yes
Currency Pairs 84
Gold yes
Gold Spread(100oz) 50
Silver yes
Silver Spread(5000oz) 4
Oil yes
CFDs yes
Other Instruments Stocks, Indices, Futures, Commodities, Energies, Stocks
MAM/PAMM Accounts MAM/PAMM
Managed Accounts yes
Swap-free accounts yes
Segregated Accounts yes
Interest on Margin no
Bonuses & Rewards yes
Trading contests yes
Trading platform MT5 , MT4 (ECN), MT4 , Sirix
Platform Execution Instant execution
Platform Time Zone GMT+2
Trailing stops yes
OCO orders yes
One-click execution yes
Trade with mobilephone yes
Trade in browser yes
API no

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.   

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  1. Cysec €335,000 Euro fine says:
    Rating

    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

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