ED
Reviewed byEditorial Team
Analyst • March 2026IronFX
IronFX is a CySEC-regulated multi-asset broker founded in 2010, offering access to over 300 instruments across forex, metals, indices, and commodities on MetaTrader 4 and MetaTrader 5.
Available in United States•Regulated by CySEC•Best for: Intermediate
Editor Rating
3.4 / 5
Calculated from 7+ safety & service metrics
Affiliate Disclosure: We may receive compensation when you click on links. This does not affect our ratings or reviews.
Minimum Deposit
The smallest amount you need to deposit to start trading.
$100
EUR/USD spread
The typical difference between the Buy and Sell price for EUR/USD.
1.4
pipsMax Leverage
Leverage allows you to control a large position with a small amount of money. High leverage increases both potential profit and risk.
1:30
Instruments
The total number of tradable assets available on this platform.
300+
Pros
- CySEC regulated — European tier-1 oversight
- Over 300 instruments across multiple asset classes
- MT4 and MT5 both supported
- Zero-spread accounts available for active traders
- Multiple account currencies supported
Cons
- Standard account spreads of 1.4–1.8 pips are not competitive
- Inactivity fee after just 90 days — among the shortest thresholds
- No FCA licence — limited protection for UK traders
- Withdrawal processing can be slow
- Past regulatory concerns limit trust for some traders
Who is it for?
Suitable for traders comfortable with MetaTrader platforms seeking a CySEC-regulated forex and CFD broker.
Best for: Intermediate
Is IronFX Safe?
Regulator
CySEC
License Holder
Notesco Financial Services Ltd
Investor Protection: Up to €20,000
Investor Compensation Fund — protects eligible retail clients of CySEC-licensed investment firms.
Safety Score
68/ 5
Editorial Summary
IronFX holds a CySEC licence, which provides a baseline of regulatory protection for EU traders. The broker no longer holds an FCA licence. Client funds are segregated and negative balance protection applies.
Client Fund Protection
Protection Snapshot
Client Fund SegregationYes
Negative Balance ProtectionYes (where required by regulation)
Compensation SchemeVaries by jurisdiction
Client funds are held in segregated accounts at regulated banks. ICF compensation applies for CySEC-entity clients.
Limitations
No FCA or ASIC licence. Clients outside the EU may be serviced through offshore entities with reduced protections.
Regulatory Oversight
Regulatory Coverage
Tier-1 & Recognized RegulatorsCySEC
Coverage ScopeRegional and international
Enforcement HistoryMinor
Editorial Summary
IronFX carries more regulatory uncertainty than top-tier competitors. CySEC oversight provides adequate protection for EU clients, but traders in other regions should carefully review which entity serves their account.
Safety Score
Our proprietary safety score based on regulation, track record, and banking background.
—
Founded
Years in business is a key indicator of stability.
2010
Company Facts
Headquarters
—
Founded
2010
Publicly Listed
No
Bank-backed
No
License Summary
| Regulator | Legal Entity | License |
|---|---|---|
| CySEC | Notesco Financial Services Ltd | Authorized 125/10 |
| FCA | GVS (UK) Limited | Authorized 585561 |
| ASIC | Notesco Pty Ltd | Authorized 417482 |
| FSCA | Notesco SA (Pty) Ltd | Authorized 45276 |
| BVI FSC | Notesco (BVI) Limited | Authorized SIBA/L/24/1175 |
IronFX Fees and Spreads
Compare brokersCosts at a glance
IronFX Standard account spreads from 1.8 pips. Zero-commission accounts available with spreads from 0.0 pips on the Zero Fixed and Zero Floating account types with commission charges.
EUR/USD typical spread
The typical spread observed during peak trading hours for the EU/US session.
1.4 pips
Crypto costs
Our assessment of crypto trading costs relative to the industry average (spread + commission).
Average
Commissions
Disclosed
Varies by instrument
Non-trading fees
Includes fees for withdrawals, inactivity, and currency conversion.
Average
Real trading costs may vary depending on liquidity, volatility, and account structure.
Fee breakdown
| Fee type | Details |
|---|---|
| Trading | |
| Spreads | Standard account from 1.8 pips. Premium from 1.1 pips. Zero-spread accounts offer 0.0 pips with commissions. VIP accounts offer tighter spreads for larger deposits. |
| Commissions | Standard/Premium accounts: commission-free. Zero-spread accounts charge commission from $8–$10/lot round-turn. |
| Execution notes | Market maker execution model on standard accounts. ECN-style execution available on zero-spread tiers. |
| Non-trading | |
| Withdrawal fees | Withdrawal processing fees vary by payment method; credit card withdrawals may incur fees. |
| Inactivity fee | $15/month charged after 90 days of no trading activity — a relatively short and costly inactivity threshold. |
| Currency conversion | Currency conversion charges apply when depositing in a currency other than the account base currency. |
Example trade cost: Standard: ~$18 per 1-lot EUR/USD at 1.8 pips. Zero account: ~$10–12 including commission.
Fees & Cost Assessment
Is this broker cheap, average, or expensive? Our editorial assessment normalizes costs across account types to give you a clear answer.
Cost Score
62/ 5
Editorial Summary
IronFX standard account spreads are average and not particularly competitive versus lower-cost rivals. The short inactivity fee period adds to the cost for less active traders.
Trading Cost Implications
Cost Snapshot
Spread CompetitivenessAverage
Commission StructureVariable
Execution ModelHybrid
Editorial Explanation
Standard account all-in EUR/USD cost of approximately $18 per lot is higher than leading ECN alternatives.
Limitations
Standard spreads are noticeably wider than competing ECN brokers.
Non-Trading Cost Considerations
Cost Snapshot
Withdrawal FeesVariable
Inactivity FeesApplies
FX Conversion FeesApplies
Editorial Explanation
Non-trading costs are above average, primarily due to the short inactivity fee period and potential withdrawal charges.
Limitations
90-day inactivity threshold is one of the shortest in the industry.
IronFX
Ready to get started?
IronFX Platforms and Tools
Markets & Instruments
Forex
Offered80 pairs
Stocks
Offered
Crypto
Offered
ETFs
Not offered
CFDs
Offered
300+ instruments available across all markets
How to Deposit and Withdraw at IronFX
IronFX Account Types
IronFX Review
Editor Rating Breakdown
Overall
3.4
out of 5.0
Verdict
Average
Safety & Regulation
3.5Fees & Costs
3.0Markets & Instruments
3.5Platforms & Tools
3.5Account Opening
3.5Deposits & Withdrawals
3.0Customer Support
3.5IronFX offers a solid selection of over 300 instruments on MetaTrader platforms under CySEC regulation. The broker has improved transparency in recent years, but faces stiff competition from lower-cost alternatives. Standard spreads are average rather than competitive, the 90-day inactivity fee threshold is short, and the absence of an FCA licence limits its appeal in the UK market. It is a reasonable mid-tier option for traders primarily focused on forex and metal CFDs within the EU regulatory framework.
IronFX
Ready to get started?
Frequently Asked Questions
Yes. IronFX is regulated by CySEC in Cyprus and the FSCA in South Africa. It no longer holds an FCA licence in the UK.
Affiliate Disclosure: We may receive compensation when you click on links. This does not affect our ratings or reviews.
Minimum Deposit
The smallest amount you need to deposit to start trading.
$100
EUR/USD spread
The typical difference between the Buy and Sell price for EUR/USD.
1.4
pipsMax Leverage
Leverage allows you to control a large position with a small amount of money. High leverage increases both potential profit and risk.
1:30
Instruments
The total number of tradable assets available on this platform.
300+
Pros
- CySEC regulated — European tier-1 oversight
- Over 300 instruments across multiple asset classes
- MT4 and MT5 both supported
- Zero-spread accounts available for active traders
- Multiple account currencies supported
Cons
- Standard account spreads of 1.4–1.8 pips are not competitive
- Inactivity fee after just 90 days — among the shortest thresholds
- No FCA licence — limited protection for UK traders
- Withdrawal processing can be slow
- Past regulatory concerns limit trust for some traders
Who is it for?
Suitable for traders comfortable with MetaTrader platforms seeking a CySEC-regulated forex and CFD broker.
Best for: Intermediate
Is IronFX Safe?
Regulator
CySEC
License Holder
Notesco Financial Services Ltd
Investor Protection: Up to €20,000
Investor Compensation Fund — protects eligible retail clients of CySEC-licensed investment firms.
Safety Score
68/ 5
Editorial Summary
IronFX holds a CySEC licence, which provides a baseline of regulatory protection for EU traders. The broker no longer holds an FCA licence. Client funds are segregated and negative balance protection applies.
Client Fund Protection
Protection Snapshot
Client Fund SegregationYes
Negative Balance ProtectionYes (where required by regulation)
Compensation SchemeVaries by jurisdiction
Client funds are held in segregated accounts at regulated banks. ICF compensation applies for CySEC-entity clients.
Limitations
No FCA or ASIC licence. Clients outside the EU may be serviced through offshore entities with reduced protections.
Regulatory Oversight
Regulatory Coverage
Tier-1 & Recognized RegulatorsCySEC
Coverage ScopeRegional and international
Enforcement HistoryMinor
Editorial Summary
IronFX carries more regulatory uncertainty than top-tier competitors. CySEC oversight provides adequate protection for EU clients, but traders in other regions should carefully review which entity serves their account.
Safety Score
Our proprietary safety score based on regulation, track record, and banking background.
—
Founded
Years in business is a key indicator of stability.
2010
Company Facts
Headquarters
—
Founded
2010
Publicly Listed
No
Bank-backed
No
License Summary
| Regulator | Legal Entity | License |
|---|---|---|
| CySEC | Notesco Financial Services Ltd | Authorized 125/10 |
| FCA | GVS (UK) Limited | Authorized 585561 |
| ASIC | Notesco Pty Ltd | Authorized 417482 |
| FSCA | Notesco SA (Pty) Ltd | Authorized 45276 |
| BVI FSC | Notesco (BVI) Limited | Authorized SIBA/L/24/1175 |
IronFX Fees and Spreads
Compare brokersCosts at a glance
IronFX Standard account spreads from 1.8 pips. Zero-commission accounts available with spreads from 0.0 pips on the Zero Fixed and Zero Floating account types with commission charges.
EUR/USD typical spread
The typical spread observed during peak trading hours for the EU/US session.
1.4 pips
Crypto costs
Our assessment of crypto trading costs relative to the industry average (spread + commission).
Average
Commissions
Disclosed
Varies by instrument
Non-trading fees
Includes fees for withdrawals, inactivity, and currency conversion.
Average
Real trading costs may vary depending on liquidity, volatility, and account structure.
Fee breakdown
| Fee type | Details |
|---|---|
| Trading | |
| Spreads | Standard account from 1.8 pips. Premium from 1.1 pips. Zero-spread accounts offer 0.0 pips with commissions. VIP accounts offer tighter spreads for larger deposits. |
| Commissions | Standard/Premium accounts: commission-free. Zero-spread accounts charge commission from $8–$10/lot round-turn. |
| Execution notes | Market maker execution model on standard accounts. ECN-style execution available on zero-spread tiers. |
| Non-trading | |
| Withdrawal fees | Withdrawal processing fees vary by payment method; credit card withdrawals may incur fees. |
| Inactivity fee | $15/month charged after 90 days of no trading activity — a relatively short and costly inactivity threshold. |
| Currency conversion | Currency conversion charges apply when depositing in a currency other than the account base currency. |
Example trade cost: Standard: ~$18 per 1-lot EUR/USD at 1.8 pips. Zero account: ~$10–12 including commission.
Fees & Cost Assessment
Is this broker cheap, average, or expensive? Our editorial assessment normalizes costs across account types to give you a clear answer.
Cost Score
62/ 5
Editorial Summary
IronFX standard account spreads are average and not particularly competitive versus lower-cost rivals. The short inactivity fee period adds to the cost for less active traders.
Trading Cost Implications
Cost Snapshot
Spread CompetitivenessAverage
Commission StructureVariable
Execution ModelHybrid
Editorial Explanation
Standard account all-in EUR/USD cost of approximately $18 per lot is higher than leading ECN alternatives.
Limitations
Standard spreads are noticeably wider than competing ECN brokers.
Non-Trading Cost Considerations
Cost Snapshot
Withdrawal FeesVariable
Inactivity FeesApplies
FX Conversion FeesApplies
Editorial Explanation
Non-trading costs are above average, primarily due to the short inactivity fee period and potential withdrawal charges.
Limitations
90-day inactivity threshold is one of the shortest in the industry.
IronFX
Ready to get started?
IronFX Platforms and Tools
Markets & Instruments
Forex
Offered80 pairs
Stocks
Offered
Crypto
Offered
ETFs
Not offered
CFDs
Offered
300+ instruments available across all markets
How to Deposit and Withdraw at IronFX
IronFX Account Types
IronFX Review
Editor Rating Breakdown
Overall
3.4
out of 5.0
Verdict
Average
Safety & Regulation
3.5Fees & Costs
3.0Markets & Instruments
3.5Platforms & Tools
3.5Account Opening
3.5Deposits & Withdrawals
3.0Customer Support
3.5IronFX offers a solid selection of over 300 instruments on MetaTrader platforms under CySEC regulation. The broker has improved transparency in recent years, but faces stiff competition from lower-cost alternatives. Standard spreads are average rather than competitive, the 90-day inactivity fee threshold is short, and the absence of an FCA licence limits its appeal in the UK market. It is a reasonable mid-tier option for traders primarily focused on forex and metal CFDs within the EU regulatory framework.
IronFX
Ready to get started?
Frequently Asked Questions
Yes. IronFX is regulated by CySEC in Cyprus and the FSCA in South Africa. It no longer holds an FCA licence in the UK.
Risk Warning
CFDs are complex instruments. 74-89% of retail investor accounts lose money.