IronFX broker Accounts

ironfx Account Types & Opening Guide 2025: Complete Comparison and Registration Steps

Part 1: ironfx Account Types Overview

ironfx Account Types Explained

IronFX offers a variety of account types tailored to meet the needs of different traders. Below is a detailed overview of each account type available:

1. Standard Account

• Minimum Deposit: $100
• Spread/Commission Structure: Floating spreads starting from 1.0 pips, no commission.
• Leverage Options: Up to 1:1000.
• Key Features: Suitable for beginners, offers a wide range of trading instruments.
• Target User Profile: Beginner traders.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

1. ECN Account

• Minimum Deposit: $500
• Spread/Commission Structure: Variable spreads from 0.0 pips, commission of $3 per lot.
• Leverage Options: Up to 1:500.
• Key Features: Direct market access, suitable for scalpers and high-frequency traders.
• Target User Profile: Advanced traders.
• Trading Instruments Available: Forex, commodities, indices.

1. Pro Account

• Minimum Deposit: $5,000
• Spread/Commission Structure: Floating spreads starting from 0.8 pips, commission of $2 per lot.
• Leverage Options: Up to 1:400.
• Key Features: Designed for professional traders with advanced trading tools.
• Target User Profile: Professional and institutional traders.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

1. Islamic Account

• Minimum Deposit: $100
• Spread/Commission Structure: Similar to the Standard Account, but swap-free.
• Leverage Options: Up to 1:1000.
• Key Features: Complies with Islamic finance principles, no swap fees.
• Target User Profile: Muslim traders.
• Trading Instruments Available: Forex, commodities, indices.

1. Demo Account

• Minimum Deposit: N/A (virtual funds).
• Spread/Commission Structure: Simulates live account conditions.
• Leverage Options: Up to 1:1000.
• Key Features: Allows traders to practice without financial risk.
• Target User Profile: Beginners and those testing strategies.
• Trading Instruments Available: Same as live accounts.

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Standard Account
• Intermediate Traders: ECN Account
• Advanced Traders: Pro Account
• Muslim Traders: Islamic Account
• Practice Traders: Demo Account

Part 2: ironfx Account Features Comparison

Detailed ironfx Account Features

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $5,000

• Islamic: $100

• Demo: N/A

• Maximum Leverage:

• Standard: 1:1000

• ECN: 1:500

• Pro: 1:400

• Islamic: 1:1000

• Demo: 1:1000

• Spreads (Typical/Minimum):

• Standard: 1.0 pips

• ECN: 0.0 pips

• Pro: 0.8 pips

• Islamic: 1.0 pips

• Demo: Simulated conditions

• Commission Fees:

• Standard: None

• ECN: $3 per lot

• Pro: $2 per lot

• Islamic: None

• Demo: N/A

• Lot Size:

• Standard: 1.0 lot

• ECN: 0.1 lot

• Pro: 1.0 lot

• Islamic: 1.0 lot

• Demo: 0.1 lot

• Available Trading Platforms:

• All account types: MetaTrader 4 (MT4), MetaTrader 5 (MT5).

• Execution Type:

• Standard: Market execution

• ECN: ECN execution

• Pro: Market execution

• Islamic: Market execution

• Demo: Market execution

• Islamic Account Availability:

• Available for Standard and Islamic accounts.

• Swap-Free Options:

• Offered for Islamic accounts.

• Demo Account Features:

• Virtual funds to practice trading strategies.

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit

• No commission fees

• User-friendly for beginners

• ECN Account:

• Tight spreads

• Direct market access

• Suitable for high-frequency trading

• Pro Account:

• Advanced trading tools

• Lower commission fees

• Ideal for professional traders

• Islamic Account:

• Complies with Islamic finance principles

• No swap fees

• Accessible to all trading instruments

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN

• Limited advanced features

• ECN Account:

• Higher minimum deposit

• Commission fees may reduce profitability

• Pro Account:

• Very high minimum deposit

• Not suitable for beginners

• Islamic Account:

• Limited to specific trading conditions

• May have fewer features compared to other accounts

Part 3: ironfx Account Opening Requirements

ironfx Account Registration Requirements

• Eligibility Criteria:

• Age Requirements: Must be at least 18 years old.

• Geographic Restrictions: Not available in certain countries (specific countries not listed).

• Prohibited Countries: Specific restrictions may apply, typically including regions with regulatory issues.

• Identity Verification Documents Needed:

• Government-issued ID (passport or national ID).

• Proof of residence (utility bill or bank statement).

• Proof of Residence Requirements:

• Recent document showing name and address.

• Additional Documentation for Professional Accounts:

• May require financial statements or proof of trading experience.

• KYC/AML Compliance Procedures:

• Identity verification and proof of residence are mandatory.

• Compliance with anti-money laundering regulations.

• Verification Time Frames:

• Typically takes 1-3 business days for account verification.

Part 4: ironfx Account Opening Process

Step-by-Step ironfx Account Opening Guide

1. Visit Website and Click Registration:

• Go to the IronFX official website and click on the "Register" button.

1. Personal Information Entry:

• Fill out the required personal information, including name, email, and phone number.

1. Choose Account Type:

• Select the desired account type (Standard, ECN, Pro, Islamic, or Demo).

1. Set Trading Preferences:

• Specify trading preferences, including leverage and trading platform.

1. Document Upload:

• Upload required verification documents (ID and proof of residence).

1. Account Verification:

• Wait for the verification process to complete (1-3 business days).

1. Fund Your Account:

• Deposit funds into your trading account using available payment methods.

1. Start Trading:

• Once funded, you can start trading on your chosen platform.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, with minor layout differences.

Common Registration Issues and Solutions

• Issue: Document upload errors.

• Solution: Ensure documents are clear and meet size requirements.

• Issue: Verification delays.

• Solution: Contact customer support for assistance.

Average Account Approval Time

• Typically, account approval takes between 1-3 business days.

How to Upgrade/Downgrade Account Types

• Contact customer support to request an upgrade or downgrade of your account type.

Part 5: ironfx Demo Account Information

ironfx Demo Account Guide

• Demo Account Features and Benefits:

• Allows traders to practice trading strategies without financial risk.

• Provides access to the same trading conditions as live accounts.

• How to Open a Demo Account:

• Follow the same registration process as for live accounts but select "Demo Account."

• Demo Account Limitations:

• Limited to virtual funds and may have an expiry date.

• Virtual Balance Amount:

• Typically starts with a virtual balance of $10,000.

• Demo vs Live Account Differences:

• Demo accounts use virtual funds, while live accounts involve real money.

• Duration/Expiry of Demo Accounts:

• Demo accounts may expire after a certain period, usually 30 days, but can be renewed.

Part 6: ironfx Islamic Account Details

ironfx Islamic Account Details

• Swap-Free/Islamic Account Availability:

• Available for Standard and Islamic accounts.

• Eligibility Requirements:

• Must comply with Islamic finance principles.

• Differences from Standard Accounts:

• No swap fees applied to overnight positions.

• How to Apply for Islamic Account:

• During the registration process, select the Islamic account option.

• Restrictions or Special Conditions:

• Must adhere to specific trading conditions as per Islamic finance rules.

FAQs – ironfx Account Types & Opening

1. What account types does ironfx offer？

• IronFX offers Standard, ECN, Pro, Islamic, and Demo accounts.

1. What is the minimum deposit for each account type？

• Standard: $100, ECN: $500, Pro: $5,000, Islamic: $100, Demo: N/A.

1. How long does ironfx account verification take？

• Verification typically takes 1-3 business days.

1. Does ironfx offer demo accounts？

• Yes, ironfx offers demo accounts for practice trading.

1. Can I have multiple account types with ironfx？

• Yes, traders can have multiple account types.

1. Does ironfx offer Islamic/swap-free accounts？

• Yes, ironfx offers Islamic accounts that are swap-free.

1. What documents do I need to open a ironfx account？

• A government-issued ID and proof of residence are required.

1. Can I change my account type after registration？

• Yes, you can request to upgrade or downgrade your account type through customer support.