IronFX
Questions & Answers

Hey! Yep, I started trading with them a couple of months ago and everything seems to be working. Like, I don't really know if there's anything especially noteworthy about the withdrawal process... they have the same quirky algorithm as most regulated broker do. By that I mean that I have to use bank wire for anything exceeding my deposit. Haven't gotten that far yet to be frank. Support is just support, they usually take about 5 minutes or so to answer but at least it's not AI, if you know what I'm getting at

They have too much education, I don’t even know what to recommend. For a complete beginner, I think their short videos on how to trade and forex terminology courses might be helpful to get a general idea of trading. Then, step by step, you can gain the knowledge for fundamental and technical analysis, by watching the webinars. And finally, you can come to the point of developing your own trading strategy, their ready examples is something to consider on this stage.

Vip room sounds like something from entertainment industry, if you understand what Im talking about😉 The main benefit of their vip room is that you get 1-1 expert help. So, it’s like direct feedback and analysis, which is certainly better than just raw educational materials. As for status, depends what you trade and what you need… and forgot to say what your initial deposit. Platinum status looks the best support for me. 5000 bucks depositing, but this priority help and free vps, makes it a juicy deal.

I can understand your confusion because when i signed up for the ironfx broker for the first time, there was the same reaction. The variety is really big, seven trading accounts to choose from are available for clients. From my experience, using a live zero fixed spread account is the best choice because i usually trade during immense volatility and don’t like having wide spreads at this period. That’s why i chose this one and it doesn’t matter that i need to pay commissions for opening and closing deals. So yeah, i would recommend everyone to choose this acc.

Well, the VIP account is worth considering because spreads are tighter than on a standard and premium accs. Moreover, you don’t need to pay any commissions for opening and closing trades. Honestly, I don’t know how much it requires for a minimum deposit but I guess, you should get in touch with the client support to know more about the details.

I am aware of some advice online that is strongly against using a deposit bonus. The justification is that you might amplify your losses… it is true, but it is not entirely related to the deposit bonus. I would say the following… A deposit bonus can really boost your profits, but use it only if you are already profitable and have a working trading strategy and plan. If you are still experimenting, then you should do it through a small trading account size with as low leverage as possible. What do you need to know about deposit bonuses? Almost every broker, including IronFx, keeps the right to remove the bonus from your account at any time, according to the terms and conditions. The main problem some traders face is that when they keep opening a losing trade that amount has exceeded the initial deposit amount, the broker is withdrawing the bonus they have deposited into their account. So, as I said, use a bonus if you know what you are doing and have a strict risk management plan.

Oh man, I have a great lesson for you. IT may sound funny, but it's not, and I assure you. So here is goes: if you are not in a mood or you are angry, do not trade. You may think is the mood related to trading, but its very much related, and each time I hit the charts when I was angry, each time I was in some serious loss. So if you are feeling a bit blue, then go out and do something to lif your mood, and then you can trade, you can thank me later😇