Iron FX Review – CFD broker with fixed spreads

Iron FX is a CFD broker that offers CFDs on stocks, indices and commodities in addition to currency pairs. The company is licensed in Europe by CySEC, the Cypriot regulatory authority, so the broker can legally offer its services to citizens of the Czech Republic and Slovakia. The minimum deposit at IronFX broker is set at $100 (to open a micro account).

Broker Overview

Minimum deposit	100 USD
Regulated broker	Yes
Regulation	CySEC
Trading platform	MT4
Demo account	Yes

Iron FX Trading Platform

IronFX offers its clients a total of 2 trading platforms – MT4 and IronFX. Both platforms are very popular among traders and serve very well not only for opening and closing trades, but also for analyzing the markets. Both, MT4 and MT5 support automated trading systems (EAs). You can either trade with them directly from a web browser, or you can download the platforms to your computer or mobile device here.

Iron FX Fees (Spreads)

Just like any other CFD broker, IronFX charges a spread fee. For the current value of this fee, please visit the IronFX website. We have prepared a small comparison table here, where you can find the amount of IronFX spread fees on popular currency pairs compared to 2 other popular CFD brokers.

Plus500** 0.6 0.7 1.1 0.6 XTB** 0.8 1.4 2.0 1.7

	EUR/USD	USD/JPY	GBP/USD	AUD/USD
IronFX*	2.2	2.2	2.5	2.5

*Fixed spreads for micro account. Spread data was taken from the broker’s website on 15.10.2019 at 20:00 GMT.
**Spread data was taken from the broker’s trading platform on 26.09.2019 at 12:26.

You can read more about competing brokers on our website.

Iron FX Review Summary

IronFX must adhere to the strict regulatory guidelines of the CySEC regulatory authority. The broker offers the popular MT4 trading platform and a limited-time free demo account. The range of assets here is decent, with around 300 assets available. Although IronFX does not offer Czech language support, it is possible to have a trading account in CZK. Czech traders will also be pleased to know that there are 5 Czech stocks (CFDs) on offer. The spreads that the broker charges are not that attractive, but they are fixed spreads, so on the other hand you don’t have to worry about them changing when the markets are volatile.

Pros

• fixed spreads
• Czech stocks

Cons

• Czech language support not available