IronFX Review
Bonuses and account variety · Founded 2010 · Limassol, Cyprus
Not for UK residents
Reviewed by Adrian Rochester Updated 30 September 2026
Some figures not verified. We could not confirm all of this broker's figures from its own website. Check them with the broker directly.
Not financial advice. Our rankings and reviews are for general information only and are not a recommendation to open an account or to trade. Forex and CFDs are high-risk; consider independent advice and whether you can afford to lose your money.
IronFX does not accept UK residents, so we don't link to it.
IronFX offers a broad menu of account types and MetaTrader platforms under several regulators, but its standard pricing is not the cheapest and its reputation is mixed.
Our verdict on IronFX
Important for UK readers: IronFX says its website is not directed at UK residents, and that its services fall outside the rules, guidance and protections of the UK Financial Conduct Authority Handbook. Its international services are provided by Notesco (BVI) Limited, regulated by the Financial Services Commission of the British Virgin Islands.
IronFX offers six account types (three standard live accounts and three STP/ECN accounts) with fixed, floating and zero-spread options. It says spreads start from zero pips on selected pairs, and its own guidance suggests a starting balance of US$50–100, with around US$500 recommended to trade comfortably.
IronFX has also had a mixed reputation over past client complaints. Combined with the lack of FCA protection for UK residents, we don't recommend it for UK traders. FCA-authorised brokers such as IG, Pepperstone or CMC Markets are the relevant alternatives.
Ratings breakdown
Key facts
- UK status
- Not available to UK residents
- EUR/USD spread
- 1.2 pips (not verified) (Standard (floating) account)
- Commission
- None
- All-in cost
- ~£9.06 per standard lot
- Minimum deposit
- ~£38
- Max leverage
- 1:1000 (offshore entity)
- Instruments
- 300+
- Founded
- 2010
- Headquarters
- Limassol, Cyprus
Pros
- Choice of fixed, floating and zero-spread accounts
- Low suggested starting deposit
- MT4 and MT5 available
Cons
- Website not directed at UK residents
- Mixed reputation from past client complaints
- High leverage only through offshore entities
Regulation
Highlighted = tier-1 regulator. Protection depends on the entity you open an account with.
Platforms
Who IronFX is for
Good fit
- Not suitable for UK residents: IronFX's website is not directed at the UK
- Outside the UK: traders comfortable with offshore regulation who want a choice of fixed and floating spreads
Look elsewhere if
- UK residents who want FCA protection, FSCS cover or access to the Financial Ombudsman Service
- Beginners attracted by high offshore leverage
IronFX fees and spreads
IronFX's international accounts offer fixed, floating and zero-spread pricing. IronFX says all spreads are indicative; live values are shown in the trading terminal.
| Charge | IronFX (international) |
|---|---|
| Account range | 3 standard live accounts + 3 STP/ECN accounts |
| Spreads from | 0 pips on selected pairs (STP/ECN) |
| Suggested starting balance | US$50–100 (US$500 recommended) |
From IronFX's account types, spreads and minimum deposit pages as indexed by search.
Other costs
| Charge | IronFX |
|---|---|
| Regulator for international clients | Financial Services Commission of the British Virgin Islands (Notesco (BVI) Limited) |
| UK status | Website not directed at UK residents; outside FCA rules and protections |
Account types
- Standard live accounts
- Three account types with fixed or floating spreads.
- STP/ECN accounts
- Three accounts with the lowest spreads, from zero pips on selected pairs.
- Demo account
- Free demo on MetaTrader.
Deposits and withdrawals
| UK residents | Website not directed at UK residents |
| Suggested starting deposit | US$50–100; US$500 recommended |
Is IronFX safe?
- IronFX's international services are provided by Notesco (BVI) Limited, regulated by the Financial Services Commission of the British Virgin Islands.
- IronFX states that its website is not directed at UK residents and falls outside the protections of the FCA Handbook, so UK residents would not have FSCS or Financial Ombudsman protection.
- IronFX has had a mixed reputation over past client complaints; research carefully before using any offshore broker.
Platforms and tools
- MetaTrader 4 & 5
- IronFX's main trading platforms.
- WebTrader
- Browser-based trading.
Research and education
IronFX publishes educational articles and FAQs on forex trading.
Customer support
IronFX provides support through its website FAQ and contact channels for clients in the regions it serves.
IronFX FAQs
Is IronFX available in the UK?
IronFX says its website is not directed at UK residents and falls outside the FCA's rules and protections.
Who regulates IronFX?
Its international services are provided by Notesco (BVI) Limited, regulated by the Financial Services Commission of the British Virgin Islands. It is not FCA-authorised.
What is IronFX's minimum deposit?
IronFX suggests you can start with US$50–100, but recommends around US$500.
What are UK alternatives to IronFX?
FCA-authorised brokers such as IG, Pepperstone and CMC Markets.
Where these figures come from
Checked on 30 September 2026 against IronFX's own website. Figures marked ~ are converted from US$ at £1 = $1.3247 (ECB reference rate, 29 September 2026). Spreads, fees and deposits change often, so confirm them with IronFX before opening an account.
IronFX does not accept UK residents, so we don't link to it.
How we make money: some links on this page are affiliate links. If you open an account through them we may earn a commission, at no extra cost to you. This never affects our ratings, which follow our published methodology.
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