What is IronFX?
IronFX is an Online FX & CFD broker with MT4.
With IronFX, you can trade Cryptocurrency pairs on MT4 to make profit from the difference of market prices.
IronFX (and its affiliated companies) are licensed by multiple regulators, including UK FCA, AU ASIC and CySEC.
Since its foundation in 2010, the broker has acquired over 1 million investors by 2018.
Cryptocurrency trading on IronFX
On IronFX MT4, you can trade Bitcoin, Bitcoin Mini, Ethereum, Litecoin, Ripple and Cardano.
The available pairs are as follows:
- Bitcoin (Bitcoin vs USD)
- BitcoinM (Bitcoin Mini vs USD)
- BTC/USD (Bitcoin vs USD)
- BTC/EUR (Bitcoin vs EUR)
- BTC/JPY (Bitcoin vs JPY)
- ETH/USD (Etherium vs USD)
- ETH/EUR (Etherium vs EUR)
- XRP/USD (Ripple vs USD)
- LTC/USD (Litecoin vs USD)
- ADA/USD (Cardano vs USD)
The maximum leverage is 1:5, and NBP (Negative Balance Protection) is supported.
|Symbol||Minimum Price Fluctuation||Size of 1 Lot||Value on 1 Lot per Index point||Minimum Contract Size|
|BITCOIN||0.01||100 Bitcoins||1 USD||0.01|
|BITCOINM||0.01||1 Bitcoin||0.01 USD||0.01|
|BTCUSD||0.01||1 Bitcoin||0.01 USD||0.01|
|BTCEUR||0.01||1 Bitcoin||0.01 EUR||0.01|
|BTCJPY||1||1 Bitcoin||1 JPY||0.01|
|ETHUSD||0.01||1 Etherium||0.01 USD||0.01|
|ETHEUR||0.01||1 Etherium||0.01 EUR||0.01|
|XRPUSD||0.0001||10000 Ripple||1 USD||0.01|
|LTCUSD||0.01||1 Litecoin||0.01 USD||0.01|
|ADAUSD||0.00001||10000 Cardano||0.1 USD||0.01|
By opening an account with IronFX, you can invest in Forex, Metals, Indices, Commodities, Shares and Futures along with the above Cryptocurreny pairs.
They also offer dozens of gorgeous Bonus Promotions!
Why trade with IronFX?
IronFX offers a range of advantages for traders and investors, including:
- Comprehensive trading instruments:
- IronFX provides access to over 200 trading instruments, such as forex, commodities, indices, stocks, and cryptocurrencies, allowing for a diverse trading experience.
- Multiple trading platforms:
- The platform supports MetaTrader 4 and 5, which are user-friendly, customizable, and provide advanced trading tools to facilitate better decision-making.
- Tight spreads and competitive pricing:
- IronFX offers tight spreads starting from 0.0 pips and low commissions, making it more cost-effective for traders.
- Fast execution and reliable trading infrastructure:
- IronFX boasts ultra-low latency and lightning-fast order execution to help traders take advantage of market opportunities.
- Superior customer support:
- The platform provides 24/5 multilingual customer support, ensuring that clients receive prompt assistance when needed.
- Strong regulatory framework:
- IronFX is regulated by multiple authorities, including CySEC, FCA, and ASIC, which ensures a secure trading environment.
- Education and research:
- IronFX offers various educational resources, such as webinars, market analysis, and trading tools, to help traders develop their skills and stay informed.
- Flexible account types:
- With multiple account options, IronFX caters to different traders’ needs, from beginners to professionals, with varying levels of experience and investment capital.
How to start trading Cryptocurrencies with IronFX?
To start investing in cryptocurrencies with IronFX, follow these steps:
- Create an account: Visit https://www.ironfx.com/ and click on the “Register” or “Open Live Account” button. Fill in the required details, such as your name, email, phone number, and country of residence. You will also need to choose a password for your account.
- Verify your identity: To comply with regulations, IronFX requires you to verify your identity and address. You will be asked to upload a copy of a valid government-issued ID (passport, driver’s license, or national ID card) and a proof of address document (utility bill, bank statement, or government-issued document) not older than three months.
- Choose an account type: IronFX offers various account types to cater to different traders’ needs. Review the options and select the one that best suits your trading preferences and investment capital. Ensure that the account type you choose supports cryptocurrency trading.
- Deposit funds: To start trading, you need to fund your account. IronFX accepts various funding methods, such as bank transfers, credit/debit cards, and e-wallets. Go to the “Deposit” section of your account and follow the instructions for your chosen method. Keep in mind that different funding methods may have different processing times and fees.
- Download and set up the trading platform: IronFX supports MetaTrader 4 and 5, which are widely used and compatible with various devices. Download the platform compatible with your device and log in using the credentials provided by IronFX.
- Explore and analyze the market: Before investing in cryptocurrencies, take the time to research and analyze the market. IronFX offers various educational resources and market analysis tools to help you make informed decisions. Familiarize yourself with the platform’s features, charts, and indicators.
- Place your trade: Once you have identified a trading opportunity, place your trade by selecting the cryptocurrency pair you want to trade (e.g., BTC/USD), setting the order type (buy or sell), and specifying the size of your trade. Additionally, you may want to set stop-loss and take-profit orders to manage your risk.
- Monitor and manage your investments: Keep track of your open positions, profits, and losses in the platform’s trading terminal. Make adjustments to your strategy as needed, and close your positions when you’re ready to realize your gains or minimize your losses.
- Withdraw profits: To withdraw your profits, navigate to the “Withdrawal” section of your account and follow the instructions for your chosen withdrawal method. Be aware of any fees and processing times associated with withdrawals.
Remember that investing in cryptocurrencies carries inherent risks, and it’s essential to manage your risk and stay informed about market developments.