IronFX Review 2026
A licensed kitchen with real, checkable paperwork.
IronFX opened its doors in 2010 and cooks as a regulated CFD broker, carrying CySEC licence 125/10.
What's on the menu
IronFX has been serving since 2010, with the kitchen based in Limassol, Cyprus. The firm is privately held. The order book runs deep: 300 CFD instruments spanning forex, indices, commodities and crypto. Everything here is a contract for difference, so you are trading the price move, not owning the underlying dish.
MetaTrader comes plated on every account type. There is no copy-trading option here.
| Founded | 2010 |
| Headquarters | Limassol, Cyprus |
| Instruments | 300+ |
| Platforms | MT4, MT5 |
| MetaTrader | Yes, MT4 and MT5 |
| Copy trading | No |
| Real stocks | No, CFDs only |
Kitchen inspection: is IronFX safe?
CySEC-regulated brokers must keep client funds segregated, provide negative balance protection under ESMA rules, and contribute to the Investor Compensation Fund (ICF), which covers up to €20,000 per client.
| Regulator | Licence | Entity |
|---|---|---|
| CySEC | 125/10 ✓ | Notesco Financial Services Ltd |
| FCA | 585561 ✓ | IronFX Global UK Ltd |
| FSCA | 45269 ✓ | IronFX Global Ltd SA |
| ASIC | 417482 ✓ | Notesco Pty Ltd |
Want to inspect the kitchen yourself? Pull up www.cysec.gov.cy and look up the CySEC licence. The listing lays out the entity name, its authorisation status and the full list of what it is cleared to do. A minute, tops.
Ready to open an account?
IronFX - CySEC regulated, min deposit $100, 300+ instruments.
Ingredient costs: IronFX spreads
Here is what the raw ingredients cost on a standard IronFX account. Spreads breathe with the market and with your account tier; step up to an ECN or raw-spread table and the spread shrinks, but a per-trade commission joins the bill.
| EUR/USD | 1.6 pips pips |
| GBP/USD | 1.9 pips pips |
| USD/JPY | 1.7 pips pips |
| Gold (XAU/USD) | 31c/oz |
| S&P 500 | 0.6pt |
That EUR/USD figure of 1.6 pips pips carries a bit more markup than the ECN-first kitchens, though it is normal fare for a table with no per-trade commission.
The bill: IronFX withdrawal fee and timing
Cost to take money out: None. IronFX does not charge deposit or withdrawal fees. Your payment provider may apply their own transfer fees.
How long it takes: 1 to 3 business days. E-wallet and card withdrawals are typically faster than bank wire transfers.
No cash leaves the till until your identity checks out. If your proof of ID and address are not yet filed and cleared, the payout waits; once you are fully verified, cash-outs follow the timings shown above.
The cover charge by entity
The opening deposit at IronFX depends on which entity seats your country. Offshore branches tend to set a smaller cover charge, but you dine with a thinner layer of regulatory protection.
| Entity | Regulator | Min deposit | Max leverage (forex) |
|---|---|---|---|
| Notesco Financial Services Ltd | CySEC 125/10 | $100 | 1:30 |
| IronFX Global UK Ltd | FCA 585561 | $100 | 1:30 |
| IronFX Global Ltd SA | FSCA 45269 | $100 | 1:400 |
| Notesco Pty Ltd | ASIC 417482 | $100 | 1:30 |
IronFX vs eToro
| IronFX | eToro | |
|---|---|---|
| Primary regulator | CySEC 125/10 | FCA 583263 |
| Min deposit | $100 | $50 |
| EUR/USD spread | 1.6 pips pips | 1.0 pips |
| MetaTrader | Yes | No |
| Instruments | 300+ | 3,000+ |
| Copy trading | No | Yes |
| Withdrawal fee | None | $5 per withdrawal |
Both kitchens hold real licences, so neither is a bad table. Pull up a chair at IronFX if you value MetaTrader and running algorithms. eToro plates up better for anyone who leans on leaner spreads.
The licences, line by line
| CySEC | 125/10, Notesco Financial Services Ltd |
| FCA | 585561, IronFX Global UK Ltd |
| FSCA | 45269, IronFX Global Ltd SA |
| ASIC | 417482, Notesco Pty Ltd |
Under ESMA house rules, retail traders in the EU and UK are served leverage no higher than 1:30 on the major forex pairs.
What tastes good, what leaves a bad aftertaste
Cooked well
- CySEC regulated, Notesco Financial Services Ltd
- MetaTrader 4 and 5 available
- Regulated in 4 jurisdictions
Sent back
- No copy trading
- No real stock ownership, CFDs only
- Inactivity fee: $30/month after 3 months
- High leverage only via offshore entity
Compare IronFX before you commit
4.0/5 rating - CySEC regulated - min deposit $100
The verdict
Nothing on the plate here is fake: IronFX is a genuine, regulated broker, and CySEC licence 125/10 checks out on the public register. The table is set best for traders who want MetaTrader served on a regulated platform. We rate it 4.0 out of 5.
Other tables worth a look
If IronFX is not quite to your taste, these regulated kitchens are worth comparing:
Frequently asked questions
Is IronFX safe?
CySEC-regulated brokers must keep client funds segregated, provide negative balance protection under ESMA rules, and contribute to the Investor Compensation Fund (ICF), which covers up to €20,000 per client. The kitchen holds CySEC licence 125/10, and you can confirm it for yourself on the official register.
What is the IronFX minimum deposit?
The cover charge is $100 at the main regulated entity. Offshore branches may plate it differently, so check the entity table above for the full spread.
What is the IronFX EUR/USD spread?
On a standard IronFX account the EUR/USD ingredient runs about 1.6 pips pips. It moves with the market; an ECN or raw table trims the spread in exchange for a per-trade commission.
How long does IronFX take to process withdrawals?
1 to 3 business days. E-wallet and card withdrawals are typically faster than bank wire transfers.
Does IronFX charge withdrawal fees?
None. IronFX does not charge deposit or withdrawal fees. Your payment provider may apply their own transfer fees.
Does IronFX have MetaTrader?
Yes. Both MT4 and MT5 are on the menu across every account type, so automated strategies, custom indicators and expert advisors are all on the table.