IronFX is a multi-platform global online trading service that has access to investments in over 200 tradable instruments in forex, spot metals, futures, shares, spot indices and commodities, IronFX serves over one million retail and institutional customers from over 180 countries in Europe, Asia, the Middle East, Africa and Latin America in 30+ languages. FX trading is a global activity and IronFX supports its clients from around the world; to be sure, IronFX is dedicated to being a global service provider, and is also an official sponsor partner of the football (soccer) team FC Barcelona.
In addition to providing trading access, IronFX Portfolio Management is comprised of a team of highly experienced professionals to manage your money professionally. They offer highly innovative products and investment strategies aimed at generating attractive risk-adjusted returns that are suitable for clients who want diversification from a traditional portfolio of just stocks and bonds.
In this review, we focus on IronFX’s trading, research and education tools available to its customers as well as test drive its trading access via the MetaTrader 4 (MT4) web platform.
Homepage - IronFX is a multiplatform global online trading service with access to investments in more than 200 tradable instruments in forex, spot metals, futures, shares, spot indices, and commodities. IronFX serves retail and institutional customers from over 180 countries in Europe, Asia, the Middle East, Africa, and Latin America. IronFX is also an official sponsor partner of the football (soccer) team FC Barcelona. FX trading is a global activity, and IronFX offers its online services in a number of languages in addition to English.
Login - Log into your account with your username and password. If you just want to give IronFX a test drive, you can also open a free demo account before you decide to fund a real one.
Trading - Trading Tools - IronFX’s website has a wealth of resources for active traders, particularly focusing on foreign exchange markets (also known as FX or forex markets). Among these are a suite of trading tools – check them out by navigating to the Trading Tools section of the website from the Trading menu. Here you’ll find currency rate converters, cost calculators, trading ideas, and more.
Trading Tools - Live Currency Rates - For a quick snapshot of current exchange rates and how they’ve changed in the past 24 hours, click on Live Currency Rates in the Trading Tools section.
Trading Tools - Trading Calculators - Forex trading can be daunting, especially when trying to calculate the fees and margin requirements you’ll incur for a given trade. Use the Trading Calculators link in Trading Tools to determine precisely how much margin is required for a position you would like to open and manage your costs more effectively.
Trading Tools - Traders' Dashboard - IronFX Traders’ Dashboard is an easy and efficient way to obtain important market updates. These live forex charts show traders which currencies are moving, IronFX’s own clients’ positioning, volume and trade information, as well as volatility and trades per time on major currency pairs.
Trading Tools - Forex Market Hours - You can see when various currency markets are open using the Forex Market Hours tool. The forex market is open 24 hours a day, five days a week, but there are three main trading sessions that account for most of the volume. Those sessions are related to the main local share markets' opening and close: London, New York, Tokyo. During certain hours of the day, these sessions overlap, and that's when the market is more active, providing better opportunities. There are at least two reasons to track the major forex market trading hours: The first hour after a major market opens often indicates how the session might develop, and in periods when markets overlap, liquidity tends to increase because more traders are participating.
News & Market Insights
Research - Market Insights - IronFX gives its clients access to high-quality research and analysis through the Research tab on its website. Market Insights provides daily commentary and market updates relating to the broader currencies market. This daily commentary is put together by IronFX’s internal team of analysts.
Research - Live Economic News - News drives FX markets, and you can stay up-to-date with IronFX”s live economics news feed, found under the Research menu. This feed aggregates stories from various sources, which you can read in full by clicking on a headline.
Research - Economic Calendar - FX markets are swayed by macro events, both economic and political. Open the Economic Calendar in the Research section to get a snapshot of past and upcoming data announcements and events, along with analyst expectations and volatility for that metric. You can also filter for more specific calendar events. Click on an event or data release to get more information about it.
Research - Daily Video - In addition to text news and analysis, IronFX produces a daily video that comments on the world economies as well as the forex calendar of economic announcements. Click on Daily Video from the Research menu.
Education & Resources
Academy - IronFX Academy - If you’re new to FX markets or just want learn more, the IronFX Academy is a great place to go. The academy web pages offer a variety of resources and are continuously updated to reflect the latest in market wisdom. Choose the Academy link from the homepage to gain access to instructional webinars, register for live seminars, view educational videos, and more.
Academy - Forex Encyclopedia - Glossary - The Forex Encyclopedia, found in the Academy, is a comprehensive glossary that aims to provide basic knowledge of FX terminology and concepts, especially to help beginner investors.
Academy - Forex Educational Videos -
MT4 Web - Trading Platforms - If you’re more of a visual learner, IronFX has a range of high-quality instructional videos for beginner and intermediate users.
MT4 - Webtrader FX Trading Platform - When you’re ready to trade, click on the Trading link from the homepage. Meta Trader 4 (MT4) is a foreign exchange (FX) trading platform. Here you can trade a wide of range of currency pairs using sophisticated technical analysis and charting tools. On the left is the MarketWatch, which is a list of available trading pairs. To the right is the chart window and below is the Toolbox, where you can view your trades and order history. If you need help at any point, try the Help menu along the top menu bar.
MT4 Web - Symbols - Although IronFX is known for its FX trading, you can access a range of other products using the Symbols icon along the menu bar. Those include commodities, indices, and global equities.
MT4 Web - Charts - MT4 web has a useful set of charting tools for you to deploy. You can also trade directly from the chart using the quick order entry box to easily buy and sell.
MT4 Web - Orders - When you’re ready to place an order you can open a detailed order ticket window by double-clicking on a symbol in the MarketWatch table on the left. Enter the order type, price, and quantity and you’re ready to go. Completed and open trades will appear in the Toolbox window below. To avoid confirming trades in the future, you can turn on one-click trading if you wish. You'll find it under Options, One-Click Trading on the menu along the top of the screen.
MT4 Web - Trade History - If you want to see how your trades have worked out, look to the box below the charts. Here you’ll find a Trade tab with your current positions. Click on the "X" icon to the right of a trade to close the position. You can also view your current account balance and margin level.
Contests & Promotions - Forex - If you’re the type of person who enjoys a little competition, IronFX hosts a number of regular promotions and trading contests where it awards prizes and trading bonuses. For example, last year the company gave away $150,000 and a sports car, as well as $10,000 to the best-performing demo account user. Click on the Promotions link from the homepage to learn more and register.
Partnership - Overview - If you happen to be an investment adviser or stockbroker, you can refer your clients to IronFX as an introducing broker and earn a portion of the trading commissions or fees. Click on the Partnership link along the top menu bar to learn more.
Invest - Portfolio Management - If you’re interested in investing in FX markets but don’t plan to be an active trader, IronFX's portfolio management service will invest and manage your funds using its model portfolios. Click on Invest along the menu bar on the website to find out more.
IronFX - About Us - Contact Us - For customer or technical support or just to ask questions, click on the Contact button at the top of any web page for phone numbers and email addresses.