IronFX Commission or Brokerage Charges – Review, Plans, FAQs & more

Find out all details about IronFX Commission or Brokerage Charges here.

IronFX is a well-reputed company that deals in multiple assets investment and trading for investors and traders. It was founded by Markos A. Kashiouris in the year 2010.

The firm has been a leading brokerage house in the world for the last ten years. One of the reasons behind its popularity is the brokerage plans it has for its clients.

In this article, we will discuss all such IronFX brokerage plans and IronFX commission plans in detail.

The article will guide you in detail about each of the fees charged by IronFX.

Apart from that, you will also read about the account opening process, assets that are there for investments, and other information.

IronFX Commission or Brokerage Charges

The IronFX commission charges are reasonable and also meant for every type of trader.

There are different IronFX brokerage plans which you will read about in the next section.

The IronFX charges are pretty justified given the range of services and facilities the brokerage house provides.

The commission charges affect the profit of the traders to a great extent.

This is why it is important to check whether the charges are reasonable or not.

Then compare them with other brokerage houses. Here within the IronFX commission, you do not have to worry because it is already on the lower side of the spectrum.

The commissions that these brokerage house charges are well planned and suitable for different types of trading.

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Types of IronFX Commission Plans

There are 4 types of commission plans as per the 4 types of accounts IronFX provides.

Standard Account commission plan:

The first one is a standard account where the commission charges are nil.

There are no charges that would be paying for commission on trading using this account.

The best part along with no commission about this account is 1000 times leverage.

Yes, the leverage is up to 1000 times in this account which means that you can trade assets worth $1000 having just $1 in your trading account (hypothetically speaking).

The minimum lot size is also very small which is 0.01 which lets many retail investors invest easily.

The spread you get with this account is a little high though at 1.8 pips.

Premium Account:

The next commission plan is for the premium account.

Here the commission is again zero. So, it means you can trade without paying any commission charges for the trades.

It is like a boon for the traders and their cost of trading decreases drastically. The spread level is 1.6 pips, lower than the previous account.

However, you get the same level of leverage that is thousands of times with this premium account as well. The minimum lot size is also the same, that is 0.01.

VIP Account:

The third type of IronFX commission plan is for the VIP account.

The plan also has no commission attached to the trading of assets.

The leverage is 1000 times with a spread of 1.4 pips and a lot size that you must have to purchase as a minimum is 0.01 lot.

Zero Fixed accounts:

The commission plan for Zero Fixed accounts differs for each of the currency pairs. For instance, it is $18 per lot for EUR/USD pairs while $23 per lot for GBP/USD pairs.

The charges are as follows –

• $18/Lot on EUR/USD
• $23/Lot on GBP/USD
• $23/Lot on USD/CAD
• $43/Lot on GBP/CHF
• $28/Lot on EUR/CHF
• $23/Lot on USD/CHF
• $43/Lot on GBP/JPY
• $23/Lot on EUR/GBP
• $28/Lot on NZD/USD
• $18/Lot on USD/JPY
• $23/Lot on AUD/USD
• $28/Lot on EUR/JPY

The leverage you can get with this account is 500 times.

The spread is very low and thus extremely beneficial for the traders.

The spread is 0. The minimum lot size is again 0.01 only.

IronFX Account Opening Process

The steps written below can be followed to open an account with IronFX –

• Click on “Open Demo Account” on this page
• A pop-up form will appear
• Fill the form and submit
• The IronFX associates will call you and then verify the details
• You need to submit or upload the documents for verification of the details you have provided
• Finally, the verification once over, your application will either be accepted or not.
• If accepted, then you will receive the login details of your account and the account will be live.

IronFX Payment or Withdrawal Methods

There are few different methods with which you can withdraw and deposit money into the IronFX account. They are –

• Credit Card
• Cryptocurrencies
• FasaPay
• Neteller
• Skrill
• Wire Transfer

As you can see there are multiple options to choose from.

These options are safe and well encrypted. This is why they are highly secure for fund transfers.

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IronFX Investment Assets

One of the major reasons the Iron FX is such a popular brokerage house across the globe is that it provides multiple investment options.

• Currencies
• Commodities
• Indices
• Stocks
• Cryptocurrency
• Futures
• Bonds
• ETFs
• Options

These many asset classes help the investor diversify the portfolio.

IronFX Commission – Conclusion

To conclude we can say that the IronFX Commission charges compared to the number of services it provides, and the assets it has been completely justified.

There are multiple investment options, different commission plans as well.

Moreover, the main three accounts of IronFX don’t have any commission charges attached to them.

This is a major benefit for the traders as they can trade without any brokerage cost.

Check Articles on Forex Commission & Plans

IronFX Charges or Fees – FAQs

Here are various FAQs on IronFX Brokerage Charges or Fees –

Does IronFX charge commission?

Yes, Iron FX charges commission from its clients however only if the client opens a Zero Fixed account.

In the other three accounts, there are no commission charges. You can trade for free in those three accounts.

How much does IronFX charge brokerage?

The Iron FX brokerage charges are as follows –

• $23/Lot on GBP/USD
• $18/Lot on EUR/USD
• $23/Lot on USD/CAD
• $23/Lot on USD/CHF
• $18/Lot on USD/JPY
• $23/Lot on EUR/GBP
• $23/Lot on AUD/USD
• $28/Lot on EUR/CHF
• $43/Lot on GBP/CHF
• $28/Lot on NZD/USD
• $28/Lot on EUR/JPY
• $43/Lot on GBP/JPY

What is the Minimum Deposit required in IronFX?

The minimum deposit requirement varies from one account to another account.

The minimum deposit is essential to keep so that your trading account remains active.

It is the deposit on which you can get leverage as well. Suppose you have $100 in your account and you have a standard account.

Then you can trade assets worth $100000 as the leverage given in the account is 1000 times. However, that is the maximum leverage.

The leverage level also increases with the increase in the amount you keep in the trading account.

How much leverage does IronFX provide?

The leverage that IronFX provides is 1000 times for the Standard, VIP, and premium account. The leverage in the zero fixed account is 500 times.

So, overall, the leverage that this broker provides is huge. The leverage is pretty important because it helps you trade more with your limited funds.

This in turn increases the profit margin as well.

How much is spread at IronFX?

The spread level also varies from one account to another. For the Standard account it is 1.8pips, Premium account it is 1.6 pips, VIP account it is 1.4 and for Zero fixed account it is 0.

What type of Commission Plans are available in IronFX?

There is a commission plan for each of the account types. However, all of them except the Zero account have nil commission.

There are no commission charges for a standard account, premium, or VIP account.

Does IronFX provide Cryptocurrency for Investment?

Yes, there are cryptocurrency trading facilities available with IronFX.

The brokerage house has multiple coins which you can trade.

This facility is not available with many brokerage houses yet.

Is IronFX a legit Forex Broker?

Yes, IronFX is a registered company that was established in the year 2010.

The headquarters are in Cyprus and it is regulated by the ASIC, FCA, and CySEC.

Can I invest in IronFX for $5?

Yes, you can invest in IronFX with just $5. It is because there are no commission charges in all three account types.

Are there any hidden charges available with IronFX?

No, there are no hidden costs or charges that IronFX levies.

All prices, costs, and charges are out in the open for the traders to know. You can evaluate everything and then only trade.

Fill up the Form – Open Forex Trading Account Now!

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