IronFX Minimum Deposit And Withdrawal Review

The IronFX minimum deposit is $500 

The table below is the summary of recommended IronFX minimum deposit for each currency.

IronFX Account Types 

IronFX offers seven different trading accounts, including a swap-free Islamic trading account. These accounts are divided into 2 categories; Live Floating/Live Fixed Accounts and STP/ECN trading accounts.

Market execution is the primary distinction between live floating/live fixed trading accounts and the ECN/STP model. Real accounts use re-quotes with instant execution, whereas STP/ECN accounts use market execution with no re-quotes.

Types Of Live Floating/Live Fixed Accounts:

• Standard – Spreads start at 1.8 pips, with a $100 minimum deposit and leverage up to 1:1000 available.
• Premium – Spreads start at 1.6 pips, there is a $1,000 minimum deposit, and leverage up to 1:1000 is available.
• VIP – Spreads start at 1.4 pips, there is a $10,000 minimum deposit, and leverage up to 1:1000 is available.
• Zero Fixed – Spreads begin at zero pips, with a $500 minimum deposit and leverage up to 1:500 available.

Types of STP/ECN trading accounts:

• No commissions – Spreads start at 1.7 pips, a $500 minimum deposit is required, and leverage up to 1:200 is available.
• Zero Spread – Spreads begin at zero pips, with a $500 minimum deposit and leverage up to 1:200 available.
• Absolute Zero – Spreads start at 0.3 pips, with a $500 minimum deposit and leverage of up to 1:200 available.

IronFX Deposit Methods

They offer a diverse range of deposit options, which include the following:

• Credit/Debit Card
• Bank wire
• Skrill
• Neteller
• Fasapay
• China Union Pay
• DotPay
• Mail order and telephone order

How To Deposit to IronFX 

Your funds can be deposited through the client portal. Select the appropriate funding method from the ‘Deposit Funds’ Tab. Please keep in mind that depending on the method you choose, your deposit could take up to 24 hours to process. 

Depending on the bank, bank wire transfers can take up to three working days. 

IronFX Withdrawal Methods

There are only a few withdrawal options available. Except for initial deposits, which can be paid to the original payment method, such as a prepaid card, profits can only be withdrawn via bank wire transfer. 

The process for withdrawing funds is simple. Navigate to payments in the trader portal, then select ‘withdraw’ and follow the instructions. Withdrawal times range from the same day to seven days, depending on the banking provider. 

Contact customer service via one of the channels listed below if you have any issues with your withdrawal.

IronFX Minimum Deposit Summary 

The minimum deposit to open a live account on IronFX is $500. While IronFX has more account types than most brokers, they also have high minimum deposits and trading costs, making them unsuitable for both new and experienced traders.

Overall, IronFX is a well-known, highly regulated Forex broker that offers a wide range of assets, including over 80 Forex pairs, which is significantly more than other brokers. 

Although most account types have poor trading conditions, IronFX gives traders a variety of options, including the execution method that best suits their trading strategy.