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They are highly informative and cover a wide range of topics – from the basics of technical analysis to the intricacies of trading axitrader review psychology. They are in multiple languages, making them quite accessible to a larger number of traders. As a high-frequency trader, I have always looked for precision and efficiency in a platform. There is a limited capacity to scale price action up and down in order to gain a sense of the prevailing market sentiment.
To sum it all up, IronFX is a well-calibrated broker with a balanced offering suitable for both beginners and experienced traders. It is vitally important for a chart to be as clear and informative as possible and allow traders to manipulate price action freely by scaling it up and down. Additionally, a good chart should be supplemented by a broad range of technical indicators, drawing tools, and other such instruments to accommodate technical analysis.
- At the same time, I trade major, minor and even exotics.With such leverage I can use small part of the margin.And thanks to tight spreads, my trading is always efficient.
- All of these terms refer to the same kind of simulated trading platform that IronFX offers, but they are referred to by different names.
- It is also worth pointing out that the broker permits swap-free trading via its Islamic accounts.
- Using volatility, you may make or lose a lot of money very quickly; however, you also run the risk of losing everything on a single bad trade.
IronFX Verdict
However, the corresponding disadvantage is that you are exposed to price discrepancies in the form of negative slippage. I received a rather terse explanation that IronFX averages speeds of under 50 milliseconds on most orders, without any further context. I had expected to learn more about the total number of trades that were tested over the previous year, the percentages of trades that resulted in positive and negative slippage, etc. Agent’s answers were prompt, for the most part, though at times, it was hard to understand her.
The blog is where you can access more articles and opinion pieces to get a broader perspective on what is driving the market. Materials in the website’s blog section are written in support of the rest of the technical and fundamental content. Provided by Trading Central, the Technical Views section affords a more detailed insight into current trading opportunities. Price action is examined more intricately, utilizing more indicators. The materials underpin key support and resistance levels and pivot points. Customer support via live chat is available in English, French, Spanish, Chinese, Japanese, Korean, and Farsi.
IronFX Main Features
We are certified stock broker review & comparison website working with multiple partners. IronFX is a Cyprus-based forex brokerage house that is regulated by ASIC, FCS, and CySEC. This information is not considered investment advice or an investment recommendation, but instead a marketing communication.
Commodities
IronFX is an online, multi-asset broker best known for forex trading. Once registered, users can access the popular MetaTrader 4 (MT4) trading platform, flexible leverage and ultra-low spreads starting from 0.0 pips. This review will fully report IronFX’s offering, including exclusive deposit bonuses, demo accounts and fast deposit and withdrawal methods.
Home to a breadth of content presented in courses, webinars, videos, podcasts and eBooks, it offers a complete trading experience for traders of all levels. The copy trading tool is excellent for beginners looking to learn from seasoned traders while experienced investors can generate an additional revenue stream. Mobile users benefit from total trade management without having to sacrifice functionality.
IronFX has traders from 180 countries, making it one of the most accessible brokers. IronFX is a multi-regulated broker, and account verification is mandatory. Most traders will pass verification after submitting a copy of their ID and one proof of residency document. IronFX might ask for additional information on a case-by-case basis.
There are no internal deposit or withdrawal fees, except for traders who request a withdrawal without placing a trade, which carries a 3% fee. I like that I can select from a lot of accounts at absolutely any point, giving me the full range functionality of the platform. If I decide to use a different strategy that would be best with a different set of trading conditions, trade execution, spread and leverage, I can simply create an account that fits my demands. Our team were also pleased to see that the broker offers negative balance protection, meaning traders cannot lose more than their account balance. Traders can choose between floating/fixed spread Standard, Premium, and VIP accounts. Alternatively, the Live Zero Fixed Spread account comes with zero spreads, but traders will have to pay a commission.
IronFX offers seven retail account types and typically features low-to-medium cost structures. It also provides a comprehensive range of research and educational materials. Both beginners and experienced traders use a demo account to test out new strategies. For instance, you might need to experiment with a different swing trading strategy if you are an inexperienced trader who relies on the scalping strategy. If you are interested in trading on the Forex, stock or cryptocurrency market using IronFX, you should know that it is strongly recommended that you begin by opening a IronFX demo account. IronFX demo accounts, will allow traders to practise their international trading skills in a simulated but risk-free setting, often using live financial market data.
But using leverage is only for experienced traders due to the high risk of loss. IronFX offers two demo accounts, the Demo Floating Spread and shakepay review the Demo STP/ECN Absolute Zero. The former is fully customizable, while the latter is only available as a USD option with a default balance of $100,000, where traders can select their desired leverage.
It comes with $5000 virtual cash which you can use for trading in the market. This virtual cash is also free for use and there are no charges attached to it as well. There are multiple orders you can place with a demo account of IronFX. There are bracket orders, market orders, cover orders, and others. You get to use all the technical tools and research tools and resources as you get with a trading account.