IronFX Review 2026
Regulated broker with real licence numbers.
IronFX is a regulated CFD broker founded in 2010. It holds a CySEC licence under number 125/10.
The basics
IronFX was founded in 2010 and is headquartered in Limassol, Cyprus. It is privately owned. The broker offers CFDs on 300 instruments across forex, indices, commodities, and crypto. All positions are contracts for difference — there is no real asset ownership.
MetaTrader is available on all account types. Copy trading is not offered.
| Founded | 2010 |
| Headquarters | Limassol, Cyprus |
| Instruments | 300+ |
| Platforms | MT4, MT5 |
| MetaTrader | Yes — MT4 and MT5 |
| Copy trading | No |
| Real stocks | No — CFDs only |
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 |
You can verify the CySEC licence at www.cysec.gov.cy. The registration shows the entity name, authorisation status, and full permissions list. It takes under a minute.
IronFX spreads
These are the typical spreads on IronFX's standard account. Spreads vary by market conditions and account type. ECN or raw-spread accounts offer lower spreads in exchange for a per-trade commission.
| 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 |
IronFX's EUR/USD spread of 1.6 pips pips is wider than ECN-first brokers but typical for a commission-free account.
IronFX withdrawal fee and processing time
Fee: None. IronFX does not charge deposit or withdrawal fees. Your payment provider may apply their own transfer fees.
Processing time: 1 to 3 business days. E-wallet and card withdrawals are typically faster than bank wire transfers.
Withdrawal requests must pass identity verification before processing. If your account is not yet fully verified (proof of identity and address submitted), expect additional delays. Verified accounts follow the standard processing times above.
IronFX minimum deposit by entity
The minimum deposit depends on which IronFX entity serves your country. Offshore entities often allow lower minimums but with less 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 brokers are regulated and legitimate. IronFX suits traders who value MetaTrader and algorithmic trading. eToro is better for traders who prioritise tighter spreads.
Regulation — the numbers that matter
| CySEC | 125/10 — Notesco Financial Services Ltd |
| FCA | 585561 — IronFX Global UK Ltd |
| FSCA | 45269 — IronFX Global Ltd SA |
| ASIC | 417482 — Notesco Pty Ltd |
Leverage for retail clients in the EU and UK is capped at 1:30 on major forex pairs under ESMA rules.
Pros and Cons
What works
- CySEC regulated — Notesco Financial Services Ltd
- MetaTrader 4 and 5 available
- Regulated in 4 jurisdictions
What does not work
- No copy trading
- No real stock ownership — CFDs only
- Inactivity fee: $30/month after 3 months
- High leverage only via offshore entity
The verdict
IronFX is a legitimate, regulated broker. The CySEC licence number 125/10 is verifiable on the public register. It is best suited for traders who want MetaTrader on a regulated platform. Rating: 4.0 out of 5.
Alternatives to IronFX
If IronFX does not fit your needs, these regulated alternatives 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. IronFX holds CySEC licence 125/10, which is publicly verifiable on the official register.
What is the IronFX minimum deposit?
The minimum deposit is $100. This applies to the main regulated entity. Some offshore entities may differ. See the entity table above for full breakdown.
What is the IronFX EUR/USD spread?
The EUR/USD spread on IronFX standard accounts is typically 1.6 pips pips. Spreads vary with market conditions. ECN or raw accounts offer lower spreads with a per-trade commission instead.
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. IronFX supports both MT4 and MT5 on all account types. This allows automated trading, custom indicators, and expert advisors.