Home -
IronFX -

Score

6.62 /10
Average

IronFX

Anguilla

15-20 years

Regulated in Cyprus

Market Maker (MM)

MT4 Full License

Regional Brokers

Suspicious Overrun

High potential risk

https://www.ironfx.com/en

Benchmark

AA

Influence

B

Add brokers

Comparison

Quantity 10

Exposure

Open Account
Website

Score

Regulatory Index6.93

Business Index8.67

Risk Management Index0.00

Software Index9.99

License Index6.67

The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Regulatory disclosure

Danger

ID BAPPEBTI
2022-02-02
Ministry of Trade Blocks 1,222 Illegal Commodity Futures Trading Websites
IronFX
Fusion Markets
MaximusFX
FRIEDBERG DIRECT
AMarkets
Panthera Trade
Cooper Markets
KLIMEX
MRG
VARIANSE
Race Option
TurboForex
Deriv
HFTrading
Swiss Markets
SupraFX
Blue Suisse
BlackStone Futures
Global Prime
USG
WorldMarkets
ICM Brokers
DeltinFX
BLI Securities
FxFINANCE
FOREXEASYONLINETRADING
CryptoRocket

Warning

SG MAS
2017-03-23
Investor Alert List
IronFX

Broker Information

More

Company Name

Notesco Int Limited

Company Abbreviation

IronFX

Platform registered country and region

Anguilla

Company website

X

Facebook

Instagram

YouTube

Linkedin

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

WikiFX Risk Alerts 3
Previous Detection : 2025-09-03
  • The number of the complaints received by WikiFX have reached 10 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!

WikiFX Survey

Danger

IronFX

United Kingdom

WikiFX Verification

IronFX · Benchmark
Average transaction speed(ms)
346.1 Great
The highest transaction speed(ms)
232
The highest speed of opening positions(ms)
219
The highest speed of closing position(ms)
266
The lowest speed of opening positions(ms)
625 Great
The lowest speed of closing position(ms)
413 Great
Ranking： 28 / 125
Test user 355
Transactions 2,147
Ocuppied margin $31,007,924 USD
Data Source WikiFX Data provide
Updated: 2025-09-01 01:09:00

Exposure

10 pieces of exposure in total
Pyramid scheme complaint
Expose
Others

Can't withdraw money

Account cannot be withdrawn, and commission cannot be withdrawn. This is also called regular?

2021-02-16 13:49
Unable to Withdraw

Illegitimate deduction of profits.

When the trade is at a loss, they consider it a normal transaction. But when there's a profit, they claim a pricing error and forcibly deduct it. Providing obscure sourced prices to justify the deductions, this shady platform swindled me of $13,720.83.

2025-05-17 02:14
Others

Having a game to scam people to deposit and hedge

Hign reward game and manipulate the ranking. The 1st, 2nd, and 3rd are all their people for hedging. No matter how great you do, you cannot get the reward

2019-10-28 01:05
Unable to Withdraw

IRONFX suddenly reset the account

Suddenly closed all my positions and then deducted all the funds from my account, a total of over $40,000 withdrawn 😩

2024-08-19 18:52
Unable to Withdraw

The platform does not withdraw money when making profits, and wipes out the profits.

The platform does not withdraw money when making profits, and inexplicably wipes out the profits.

2025-01-03 10:18
Unable to Withdraw

Scam that cannot withdraw

At the beginning, it was said that the account was changed, and then it was said that the account was not correct and need to pay the unfreeze fee, which lowered the credit score and then increased the credit score, step by step tricks, it is too difficult to withdraw funds

2023-01-11 09:09
Unable to Withdraw

Unable to withdraw

It is said that my information is expired and then said that my name and account number cannot match, then it ask me pay fees to unfreeze the account. Just a scammer.

2022-11-25 07:34
Severe Slippage

Severe slippage

The platform has absconded and induced me to trade for almost $150,000 . Serious slippage and then push it to the quoter

2020-03-17 00:47
Unable to Withdraw

IronRX backend forcibly deducts my trading profits and does not withdraw the profit.

The backend arbitrarily modifies the data, forcibly deducts my profits, and refuses to withdraw funds.

2025-01-17 10:20
Unable to Withdraw

Not allowing profit withdrawals, outrageous! Trying to take our money again.

I registered through the official website via QQ customer service. After placing my orders, I kept earning, and eventually, I closed all positions thinking the market would still rise. I continued to place more orders and kept earning! I thought I had both luck and skill, but when it came time to withdraw, they refused to give me my profits, only the principal. After such a long time, an email claimed I was arbitraging and refused to give me the profits. I thought IronFX running away in 2015 would mean they'd be more legitimate this time around, but it's the same old story! I'm just laughing now; they won't let me withdraw without evidence. I have proof of my trades, which they never asked for; they just don't want to pay out.

2024-10-31 11:20
    Sources
    Data Source WikiFX Data provide
    Updated: 2025-09-03
    IronFX · Company summary
    Quick IronFX Review Summary
    Founded2008
    Registered Country/RegionCyprus
    RegulationCYSEC, FCA, FSCA (General Registration)
    Market Instruments80+ currency pairs, metals, indices, commodities, futures, shares
    Islamic Account✅
    Account TypeStandard Floating, Standard Fixed, Raw ECN, ECN VIP
    LeverageUp to 1:2000
    SpreadStarting from 0.0 pips
    Trading PlatformMT4
    Copy Trading✅
    Customer SupportLive chat, contact form
    Regional RestrictionsUSA, Cuba, Sudan, Syria and North Korea
    Bonus100% unlimited sharing bonus

    IronFX Information

    Founded in 2008, IronFX is a regulated brokerage registered in Cyprus, offering trading in 80+ currency pairs, metals, indices, commodities, futures, and shares with leverage up to 1:1000 and spread from 0.0 pips via the popular MT4 platform.

    IronFX's homepage

    Pros and Cons

    ProsCons
    Regulated by CySEC and FCAClients from the USA, Cuba, Sudan, Syria and North Korea are not accepted
    Various trading assetsFSCA license is only general registered
    Multiple account typesLack of info on deposits and withdrawals
    MT4 supported
    Live chat support

    Is IronFX Legit?

    Yes, IronFX is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Financial Conduct Authority (FCA) in the United Kingdom. It also holds a general registered Financial Sector Conduct Authority (FSCA) license.

    Regulated CountryRegulated AuthorityRegulated EntityLicense TypeLicense Number
    Cyprus
    		CYSECNotesco Financial Services LtdMarket Making (MM)125/10
    UK
    		FCANotesco LimitedStraight Through Processing (STP)585561
    South Africa
    		FSCANOTESCO SA (PTY) LTDFinancial Service Corporate45276
    Regulated by CySEC
    Regulated by FCA
    General registered FSCA license
    Domain information

    What Can I Trade on IronFX?

    IronFX offers trading in 80+ currency pairs, metals, indices, commodities, futures, and shares.

    Tradable AssetsSupported
    Currency pairs✔
    Metals✔
    Indices✔
    Commodities✔
    Futures✔
    Shares✔
    Cryptocurrencies❌
    Bonds❌
    Options❌
    ETFs❌
    What Can I Trade on IronFX?

    Account Types/Fees

    Account TypesStandard FloatingStandard FixedRaw ECNECN VIP
    CFD InstrumentsForex, Metals, Indices, Commodities, Futures, SharesForex, Metals, Indices, Commodities, Futures, SharesForex, Metals, Indices, Commodities, Futures, SharesForex, Metals, Indices, Commodities
    Leverage1:20001:20001:10001:200
    Av. Spreads on Forex1.2 pips1.2 pips0 pips0.3 pips
    Av. Spreads on Gold2.5 pips2.5 pips1.1 pips1.1 pips
    CommissionNo CommissionNo CommissionYesNo Commission
    Base CurrencyUSD, EUR, GBP, JPY, AUD, CHF, CZK, PLN, ZAR, XBT, XET*USD, EUR, GBP, JPY, XBT, XETUSD, EUR, GBP, JPYUSD, EUR, GBP
    Stop out20%20%50%50%
    Swap free/IslamicYesYesNoNo
    Minimum Lot Size0.010.010.010.01
    Dedicated Account Manager available24/524/524/524/5
    Dealing Department Transaction HotlineYesYesYesYes

    Account Types/Fees

    Trading Platform

    IronFX's trading platform is the industry-leading MT4, which supports traders on Desktop, Mobile, and Web devices.

    Trading PlatformSupported Available Devices Suitable for
    MT4✔Desktop, Mobile, WebBeginners
    MT5❌/Experienced traders
    Trading Platform

    News

    ExposureIronFX Review 2025: Is This Broker Trustworthy or a Scam?

    Discover our comprehensive 2025 IronFX review. Explore account types, trading performance, regulation, and user feedback to determine if this broker is trustworthy or a potential scam. Updated June 13, 2025.

    WikiFX
    2025-06-15 12:11
    IronFX Review 2025: Is This Broker Trustworthy or a Scam?

    NewsIronFX: A Closer Look at Its Licences

    In an industry where safety and transparency are essential, the regulatory status of online brokers has never been more important. For traders seeking to protect their capital, ensuring that a platform operates under recognised and stringent oversight can make all the difference. Keep reading to learn more about IronFX and its licenses.

    WikiFX
    2025-06-09 17:57
    IronFX: A Closer Look at Its Licences

    ExposureIronFX Broker Review 2025: A Comprehensive Analysis of Trustworthiness and Performance

    IronFX Review 2025: Explore the broker’s AAAA WikiFX rating, global regulations, and $500,000 trading prize. Is it trustworthy or a scam? Dive into our transparent analysis!

    WikiFX
    2025-06-07 12:06
    IronFX Broker Review 2025: A Comprehensive Analysis of Trustworthiness and Performance

    NewsIronFX UK 2024 Revenue Doubles to $1.44 Million

    In 2024, IronFX UK saw its revenue double to $1.44 million, maintaining profitability despite rising administrative costs. The company attributed the growth to a stronger UK client base and remains optimistic about future cost optimization. Meanwhile, founder Markos Kashiouris expands into prop trading, signaling broader ambitions.

    WikiFX
    2025-05-29 20:02
    IronFX UK 2024 Revenue Doubles to $1.44 Million
    About More

    User Reviews

    More

    User comment

    21

    Comments

    Write a review

    FX2755952390
    0-3months
    Hello. I'm trading with account number 15172341. I transferred $1,000 to my account on August 25, 2025. I requested a bonus from the company, but my request was denied. Since the company doesn't offer bonuses, I requested a withdrawal of my $1,000 deposit on August 26, 2025, but the company denied my request. I didn't take any action, but I haven't received my money back.
    Hello. I'm trading with account number 15172341. I transferred $1,000 to my account on August 25, 2025. I requested a bonus from the company, but my request was denied. Since the company doesn't offer bonuses, I requested a withdrawal of my $1,000 deposit on August 26, 2025, but the company denied my request. I didn't take any action, but I haven't received my money back.
    Translate to English
    2025-09-01 23:30
    Reply
    0
    0
    FX3327799631
    0-3months
    ANGKA 295.50 TETAPI SLIPPAGE LANGSUNG DI ANGKA 300.50 , DAN SAYA LANGSUNG MINUS SALDO SEBESAR $67.84 , PADAHAL CANDLE STICK HARI INI TIDAK ADA YANG SAMPAI HARGA 300.50 , KEMBALIKAN SALDO SAYA!
    ANGKA 295.50 TETAPI SLIPPAGE LANGSUNG DI ANGKA 300.50 , DAN SAYA LANGSUNG MINUS SALDO SEBESAR $67.84 , PADAHAL CANDLE STICK HARI INI TIDAK ADA YANG SAMPAI HARGA 300.50 , KEMBALIKAN SALDO SAYA!
    Translate to English
    2025-08-15 15:24
    Reply
    0
    0
    10