IronFx Rating and Trading Review

Ironfx Brokers FxIronFx RATING REVIEW -Using the Formula V.4.0. 85 40

The following Rating of IronFx is based on the Forex Brokers Formula v.4.0. published in the affiliated TradingCenter.org.

 

IronFx Rating Summary

Sum of each individual Main Factor of IronFx Rating Analysis (1, 2, 3, 4)

IRON FX RATING SUMMARY      
  MAX ACHIEVED (%)
1.Safety of Funds 26.00% 21.15% 81.35%
2.IRON FX Cost of Transaction 28.00% 22.00% 78.57%
3.IRON FX Trading-Options 26.00% 25.25% 97.12%
4.IRON FX Technological Efficiency 20.00% 17.00% 85.00%
Overall Rating 100.00% 85.40% 85.40%

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IronFx Rating Analysis

Analysis of each individual Sub-Factor forming IronFx total rating result. 

TOTAL RATING 100.0%   IronFx Broker
  Weight Analysis Factor Analysis 85.40% ANALYSIS
1. SAFETY OF FUNDS at IRON FX 26.00% RATING WEIGHT 21.15% IronFx Credibility Analysis
1.1 IronFx Level of Regulation 12.00% FSC (BVI) = 1.0%, | CYSEC = 3.0%, | FFMS = 3.0%, | RAFMM = 3.0%, | CBI = 4.0%, | ASIC = 4.0%, | FSC (NZ) = 4.0%, | FSA (UK) = 6.0%, | BAFIN = 6.0%, | NFA = 6.0%, | CFTC = 6.0%, | FINMA = 8.0% | and MiFID = +4.0% 12.00% IronFx is regulated by FCA (UK) = 6% and CySEC = 3%, ASIC = 4%, Total = (max) 12.0%
1.2 IronFx Headquarters Base 5.00% General Offshore = 0%, Cyprus , Latvia = 2.0%, Ireland, Spain, Italy, Belgium, Israel = 3.0%, Canada, Australia, New Zeeland = 4.0%, USA, UK, Germany, Scandinavian, France, Switzerland  = 5.0% 2.00% IronFx Home Base is in Cyprus = 2.0%
1.3 IronFx Years in the Market 5.00% 0-1 Years = 0 %, 2-5 Years = 2.0 %, 5-10 Years = 4.0 %, 10+ Years = 5.0 % 4.00% Found in 2010, IronFx is 5+ years in the market = 4%
1.4 IronFx Segregated / Bank Accounts 2.00% Yes =  2.0 %, No = 0.0 % 2.00% Yes, Segregated Client Bank Accounts = 2%
1.5 IronFx Web Ratings (Usage for differentiating results) 2.00% ForexPeaceArmy Rating = 1.0 %, | EarnForex Rating = 1.0 %  1.15% IronFx FX FPA=2.75 / 5.00 & Earn Forex= 3.0 / 5.00, Total= 2.71 / 5.0 = 1.15%
1.6 (+) ADJUSTMENTS        
1.6.1 Size Factor 1.00% More than 1 Million Active Traders = +1.0 % 0.00% Not met = 0%
2. TRADING COST at IRON FX 28.00% RATING WEIGHT 22.00% IronFx Competition Analysis
2.1 IronFx Typical Spread on EURUSD 8.00% < 0.3 pip = 8.0%, | <0.4 pip = 7.5%, | < 0.5 pip = 7.0%,  | <0.6 pip = 6.5% | <0.7 pip = 6.0%, | <0.8 pip = 5.5%, | <1.0 pip = 5.0%, | < 1.25 pip = 4.5, | < 1.5 pip = 4.0%, | <1.75 pip = 3.5%, | >2 pip = 3.0%, | < 2.5 pip = 2.0%, | < 2.5 pip = 1.0%, | < 3 pip = 0.5% 4.00% Typical EURUSD spread is 1.4 pips = 4.0%
2.2 IronFx Typical Spread on GBPUSD 5.00% < 1.0 pip = 5.0%, | <1.25 pip = 4.0%, | < 1.5 pip = 3.0%, | < 1.75 pip = 2.5%, | < 2 pip = 2.0%, | < 2.25 pip = 1.5%, | < 2.5 pip = 1.0% | < 3 pip = 0.5% 2.00% Typical GBPUSD spread is 1.8 pips = 2.0%
2.3 IronFx Typical Spread on USDJPY 4.00% < 1.0 pip = 4.0%, | <1.25 pip = 3.5%, | < 1.5 pip = 3.0%, | <1.75 pip = 2.5%, | < 2 pip = 2.0%, | < 2.5 pip = 1.0%, | < 3 pip = 0.5% 3.00% Typical USDJPY spread is 1.5 pips = 3.0%
2.4 IronFx Trading Commissions 7.00% No Commissions = 7% | Commissions < $5 / lot = 3% | Commissions < $8 / lot = 1% | Higher Commissions = 0% 7.00% No commissions for all account types (except the Zero-Spread Account) = 7.0
2.5 IronFx Deposit / Withdrawal Commissions 2.00% No = 2.0 %, | Yes = 0 %,  | 1-Free / Month = 0.5 % 2.00% No Withdrawal Commissions charged by IronFx = 2.0%
2.6 IronFx Maintenance and Inactive Fees 2.00% No = 2.0 %, | Yes = 0 % 2.00% No Inactive Fees or Commissions charged 2.0%
2.7 (+) ADJUSTMENTS        
2.7.1 IronFx Execution 2.00% ECN = +2.0 % / STP = +1.5 % | Market Makers = +0.0% 2.00% ECN / STP execution = +2%
3. TRADING OPTIONS at IRON FX 26.00% RATING WEIGHT 25.25% IronFx Trading Analysis
3.1 IronFx Forex Asset Index 8.00% 45+ Currency Pairs = 8.0%, | 40+ Currency Pairs = 7.0%, | 35+ Currency Pairs = 6.0%, | 30+ Currency Pairs = 5.0%, | 25+ Currency Pairs = 4.0%, | 20+ Currency Pairs = 3.0%, | 15+ Currency Pairs = 2.0%, | 10+ Currency Pairs = 1.0%, | Less than 10 pairs = 0% 8.00% IronFx offers 80+ Forex Currencies = 8.0%
3.2 IronFx CFD and Spot Trading 2.00% CFD Trading = 2.0 % | Only Spot = 1.0 % | Nothing = 0% 2.00% IronFx offers CFDs = (max) 2.0%
3.3 IronFx Demo / Practice Account 2.00% Yes = 2.0 %, No = 0.0 % 2.00% Demo account is available = 2%
3.4 Leverage at IronFx 2.00% >100:1 = 2.0%, | > 75:1 =1.5%, >50:1 = 1.0%  2.00% 500:1 max Trading Leverage = 2%
3.5 IronFx Bonus & Rebate 6.00%   6.00%  
3.5.1 IronFx Bonus (%)   Bonus (Higher or Equal): >50% = 6%, | >40% = 5%, | >30% = 4%, | >20% = 3%, | >15% = 2%, | >10% = 1% 6.00% 50% and even more Credit Bonus = 6.0%
3.5.2 IronFx Rebate (%)   Rebate  (Higher or Equal): >30% = 6%, | >25% = 5%, | >20% = 4%, | >15% = 3%, | >10% = 2%, | >5% = 1.0% 0.00%  
3.6 IronFx Minimum Deposit 1.00% Min Deposit < $500 = +1%, | Min Deposit < $1,000 = +0.5% 0.00% Minimum Deposit is $500 = 0%
3.7 IronFx Fund / Deposit Methods 2.50% For each deposit method available = 0,5%, max = 5 methods 2.50% More than 5 deposit methods by IronFx = 2.5%
3.8 IronFx Fund / Withdrawal Methods 2.50% For each withdrawal method available = 0,5%, max = 5 methods 2.50% More than 5 methods by IronFx = 2.5%
3.9 (+) ADJUSTMENTS        
3.9.1 Offering 100+ Currency Pairs 1.00% Yes = 1.0 % / No = 0 % 0.00% 80+ Forex Currencies = +0%
3.9.2 Interest on Funds 0.50% Yes = 0.50 %, No = 0.0 % 0.00% No interest on client funds = +0%
3.9.3 IronFx Competitions / Championships 0.25% Yes = 0.25 % / No = 0 % 0.25% Yes, Real & Demo Account Competitions = +0.25
4. IRON FX TECHNOLOGICAL EFFICIENCY 20.00% RATING WEIGHT 17.00% IronFx Technological Analysis
4.1 IronFx Available Platforms 5.00% Each Supported Platform = 1.0%, max = 5 platforms 4.00% IronFx offers MT4, MT5, Sirix WebTrader and classic WebTrader = 4.0%
4.2 IronFx Slippage 4.00% Slippage  < 0.5 pip =  4.0% | Slippage  < 0.75 pip =  3.5% | Slippage < 1 pip = 3.0% | Slippage  < 1.25 pip =  2.5% | Slippage < 1.5 pip = 2.0% | Slippage < 1.75 pip =  1.5% | Slippage < 2.0 pip = 1.0% 1.50% It is measured at 1.75 pips = 1.5%
4.3 IronFx Automated Trading 2.00% Yes = 2.0 % / No = 0 % 2.00% Yes, IronFx allows signals from Expert Advisors = 2.0%
4.4 IronFx MT4 / MT5 Availability 2.00% Yes = 2.0 % / No = 0 % 2.00% Both Mt4 and Mt5 platforms are available = 2.0%
4.5 IronFx Mobile Trading 2.00% Each Supported Device = 0.50 % (iPhone, iPad, Android, Windows Mobile, Blackberry), max = 4 devices  2.00% Apps for almost all mobile devices and Tablet = (max) 2.0%
4.6 IronFx Scalping / Hedging Policy 1.00% Yes both = 1.0 % | Yes only Hedging or Scalping = 0.5% | No = 0 % 1.00% Yes to both = 1.0%
4.7 IronFx Customer Service 4.00% 24/7 = 1.0 %, | 24/6 = 0.5 %, | 24/5 = 0 %, | email = 1.0%, | Phone = 1.0 %. | Live Chat = 1.0 %, | Skype = 0.5 %, | Call-Back = 0.5 % 4.00% 24/7 Customer service, Phone, Live Chat = (max) 4.0%
4.8 (+) ADJUSTMENTS        
4.8.1 IronFx PAMM / Managed Accounts 0.50% PAMM = 0.5 % / Simple Managed = 0.25%, No = 0 % 0.50% Yes to PAMM accounts = +0.5%
4.8.2 IronFx API Trading 0.50% Yes = 0.5 % / No = 0 % 0.00% No, API trading is not available at IronFx = 0%


IronFx Special Metrics

These are the special metrics for IronFx according to the three categories of trading experience. The rating results are based on different weight of the same formula. 

IRONFX SPECIAL METRICS    
Based on Seperated Sub-Formulas RATING (100%)
IronFx Overall Rating    85.40%
Forex beginners   84.39%
Advanced Traders   83.77%
Pro Traders   78.42%

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