Thinking of IronFX? “Must-Read” Pros & Cons of the Service
You should read this before start trading with IronFX UK.
We understand that there are hundreds of misleading information on the web, and you may be tired of seeing the same advertisement mentioning the same things.
Here are some tips for you to choose the most suited broker for yourself.
Pros
IronFX brand is owned by Nukkleus, the same company who owns FXDD and FXGiants. Nukkleus is is now known as one of the largest Forex financial company.
IronFX UK is regulated by FCA in the United Kingdom.
9 different trading account types of MetaTrader4 with variety of Bonus Promotions and Forex trading contests.
Withdrawal processes are automated and no delays comparing to “IronFX Global”.
Over 200 different financial products are available for trading.
IronFX used to be known as a Mega Forex Broker.
The minimum average spread is only 0.5 pips(no hidden or extra fees) if you can afford to deposit more than 20,000 USD.
Cons
IronFX Global had an issue with a group of Chinese arbitrage traders, and the topic was caught in the internet and many affiliate websites are warning traders to not trade with IronFX.
“IronFX Global”(but not IronFX UK) may take a few months to process each withdrawal. *May, 2016
Is IronFX suited for you?
The first thing that comes up to your head, when you hear the word IronFX could be the “Trouble with a group of Chinese arbitrage traders”.
As IronFX was one of the Mega-brokers, there were(or still now) so many competitors and affiliates accusing IronFX of being a “SCAM Broker” and IronFX has unfortunately gone through a considerable down-size of its operation.
The fact is that the regulator of IronFX, CySEC has only made them pay for a compensation fee after official investigation regarding to the matter, and the broker itself has been providing financial services without suspending it.
And another fact is that, even though IronFX has been accused of rejecting some withdrawal requests but all withdrawal requests are actually being processed, but taking a few months to complete them.
IronFX UK on the other hand, processes all withdrawals automatically without delays and has started earning stable popularity.
Despite the fact that the broker has gained bad reputation, IronFX UK has the reasons that made them a Mega-Broker in a short period.
Low trading costs from 0.5 pips with no hidden fees, All time gorgeous Bonus Promotions, A number of free trading tools and the financial stability with the group of companies under Nukkleus Inc..
You may find all options available in the Forex markets, only with IronFX and its trading conditions are suited for any types of traders.