Should I fund this account?

When preparing to enter the global foreign exchange, or forex, market, traders are faced with a major dilemma, in the form of broker choice. There are several hundred forex brokers out there at the moment, with every single one offering their own products, services and incentives. When selecting a broker to open a live trading account, a prospective trader must ask themselves an important question: “Should I fund this account?” before they proceed to make their final decision. Another matter to consider, when choosing a specific company to go with, is whether to trust IronFX reviews, broker comparisons, and recommendations, or a combination of all three. With the former, they can be posted by anybody with access to a computer and an internet connection, meaning that the comments can be somewhat unreliable, with claims often being completely unproven. Meanwhile, broker comparisons are a better source of information, as they are usually written by experts or industry professionals, and so these should be favoured over IronFX reviews for example. Moreover, recommendations from friends and fellow traders can serve as useful background information on some brokers, but traders must be aware that such views or comments could be tainted or biased, depending on the success experienced by that particular individual.

How do I fund this account?

IronFX is a well-established broker, considered within the industry to be a reliable and trustworthy broker, offering a good selection of account types and more than 300+ tradable instruments from six asset classes to trade on. When it comes to the matter of account funding, IronFX has automated payment and funding authorisation processes, which enables deposits and withdrawals to be carried out using a simple, easy-to-use single interface. Clients can quickly and easily deposit funds into their trading account via the IronFX client portal, with deposit transfers usually being processed within a total of three working days, with the exact time varying depending on the bank and the method chosen. In terms of IronFX reviews, the broker does not charge any fees for deposits, but clients may be charged additional fees by their respective banks or payment providers, so it is best to check with these companies prior to conducting the transaction, if unsure.

Which currencies can I use to deposit funds?

Much like some of its nearest competitors, IronFX is a truly international broker, and this is reflected in the number of different currencies the company supports. As a general rule across the forex industry, the currencies in which a trader can deposit primarily depends on the payment method chosen. At IronFX, the main currencies covered include USD, EUR, GBP, AUD, JPY, CHF, PLN, RUB and HUF. Meanwhile, deposits in currencies different to the aforementioned list will be converted into the base currency of that trader’s account at the prevailing rate at the given time. When compared with some its nearest competitors, the IronFX broker has an excellent range of deposit bonuses in what is one of the better promotional offerings on the market. New traders can take advantage of an unlimited sharing deposit, whereby they can double their first deposit, or powerup their trading with two further bonus options. Most importantly, traders can deposit funds with confidence, safe in the knowledge that IronFX is fully authorised and regulated by the relevant industry regulators, including the Cyprus Securities and Exchange Commission (CySEC), and by the Financial Conduct Authority (FCA) in the United Kingdom. Additionally, the broker regulated by the Financial Sector Conduct Authority (FSCA) in South Africa, and by the Australian Securities and Investments Commission (ASIC).