With the rise of online trading, CFDs or Contracts for Difference are becoming increasingly popular. CFD trading allows traders to speculate on the price movement of various financial instruments without actually owning them. One of the most popular CFD brokers is IronFX. It is a global online broker offering various trading products, including forex, metals, stocks, indices, and commodities. In this comprehensive guide, we will go over all the essential aspects of ironfx cfd trading.
IronFX Account Types
IronFX offers five different account types depending on the client’s needs and trading experience. The five account types are Micro, Premium, Zero Fixed Spread, Absolute Zero, and STP/ECN. The Micro account type is best suited for beginners as it has a low minimum deposit of $100, while the STP/ECN account type is best suited for advanced traders as it offers tighter spreads and faster execution speeds.
IronFX Trading Platforms
IronFX offers two primary trading platforms, MetaTrader 4 and MetaTrader 5, both of which are available for download on desktop and mobile devices. MetaTrader 4 is the most widely used trading platform, and it offers traders various tools, such as technical indicators, charting tools, and automated trading options. MetaTrader 5 is an upgraded version of MT4 and has additional features, such as more order types and timeframes.
IronFX Trading Instruments
IronFX offers over 300 trading instruments across six asset classes, including forex, metals, stocks, indices, and commodities. It also offers two exotic CFDs, Bitcoin and WTI crude oil. Traders can access these assets via the MT4 and MT5 platforms and switch between the demo and live accounts whenever they wish.
IronFX Deposits and Withdrawals
IronFX allows clients to deposit and withdraw funds using various methods, including credit/debit cards, bank wire transfers, and e-wallets like Skrill, Neteller, and FasaPay. There are no deposit fees for most deposit methods, but there may be withdrawal fees, and these are dependent on the client’s account type. Withdrawals can take up to five business days and may be longer depending on the withdrawal method.
IronFX Education and Support
IronFX offers various educational and support materials meant to help traders improve their trading skills and strategies. The broker offers a trading academy with various lessons, webinars, and articles on trading. Additionally, traders can access 24/5 multilingual support from the customer service team via email, live chat, or phone.
In short:
IronFX is a reputable online broker with global reach and a wide range of trading products. With a variety of trading instruments, account types, and trading platforms, IronFX suits traders of all experience levels. Additionally, the broker is strongly committed to offering educational and support resources needed to help traders succeed. Overall, IronFX is a reliable broker for traders looking to delve into CFD trading.