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FX RATINGS

IronFx Rating

IRONFX RATING REVIEW -Using Formula V.4.0.

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

 

IronFx Rating Summary

The sum of each 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%

 

 

IronFx Rating Analysis

This is the complete IronFx rating analysis

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.

IRONFX SPECIAL METRICS

   

Based on Separated Sub-Formulas

RATING (100%)

IronFx Overall Rating

 

85.40%

Forex beginners

 

84.39%

Advanced Traders

 

83.77%

Pro Traders

 

78.42%

 

IronFx Rating Review

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