This IronTrade review 2021 reveals the whole truth about trading with a broker on the platform and mobile app. Here you will find all the pros and cons.
And of course the answer to the main question. Should you sign up or is it a scam broker？
IronTrade is a binary options broker founded in 2017. It tried to compete with brokers such as Olymp Trade, Binomo and IQ Option from the very beginning. Well, it didnt quite succeed.
| Official site | https://IronTrade.com |
| Year of foundation | 2017 |
| Regulated by | |
| Trading instruments | Binary options on Forex, indices, cryptos, metals, commodities |
| Average and maximum profitability | 50-70%, up to 80% |
| Options expiration time | 30s – 240m |
| Minimum trade | $ 5 |
| Minimum deposit | $ 10 |
| Minimum withdrawal | $ 10 |
| Assets | 39+ |
| Bonus | Up to 50% |
| Account types | Demo, Real, VIP |
| Demo account | $ 1000 |
| Deposit and withdrawal methods, fees | 4+ methods: credit cards, e-wallets, crypto.No fees |
| Trading hours | 24/524/7 (for cryptos) |
| Platform versions | Proprietary web platform and mobile app |
| Affiliate program | Invite a friend |
| Most Popular | IronTrade in Cameroon, Uganda, Nigeria, Kenya, Ghana, Tanzinia, Thailand, Venezuela, Vietnam, India, Indonesia, Philippines, Turkey |
| Provision of services in the US, UK, Canada, European Economic Area |
| Official site | https://irontrade.com |
| Year of foundation | 2017 |
| Regulated by | |
| Trading instruments | 39+Binary options on Forex, indices, cryptos, metals, commodities |
| Average and maximum profitability of BO | 50-70%, up to 80% |
| Options expiration time | 30s – 240m |
| Most popular | IronTrade in Cameroon, Uganda, Nigeria, Kenya, Ghana, Tanzinia, Thailand, Venezuela, Vietnam, India, Indonesia, Philippines, Turkey |
| Provision of services in the US, UK, Canada, European Economic Area |
| Min. trade size | $ 5 |
| Account types | Real, VIP |
| Minimum deposit | $ 10 |
| Minimum withdrawal | $ 10 |
| Deposit & withdrawal methods | 4+ |
| Payment Fees | |
| Trading hours | 24/7 |
| Trading platforms | Proprietary platform |
| Mobile App | |
| Demo | |
| Copy Trading | |
| AT/Robots | |
| Bonus | Up to 50% |
| Affiliate program |
Is IronTrade legit？
Domain irontrade.com is owned and operated by Rosco Solutions LTD, registered at Saint Vincent and the Grenadines. The company was founded in 2017 and is not regulated.
Does this mean IronTrade is not legit？ Not certainly in that way.
There is almost no regulation for binary options. Binary options trading is generally prohibited in some countries by local laws. But the broker can still offer services in many countries. You can register and start trading. By doing so, you agree to trading risks and lack of government protection. This situation occurs in almost all binary and digital options brokers.
As a result, IronTrade accepts clients from Cameroon, Uganda, Nigeria, Kenya, Ghana, Tanzinia, Thailand, Venezuela, Vietnam, India, Indonesia, Philippines, Turkey and other countries.
The financial services on this website are not available to the residents of the following countries: USA, Canada, European Economic Area, Australia, Liberia, Pakistan, Japan, Israel, New Zealand, Russia, Switzerland, North Korea, Puerto Rico, Sudan, Iran, Syria.
Important: It is recommended to read the legit documents of the broker IronTrade. But read this review first. This will save you time.
Trading platform and offers
IronTrade provides its own trading platform. There is a lot to tell about this.
Initially, you are trading on a demo account. The demo account is free, but not unlimited. It is very different from a real account. But you will not be able to go to a real account and see all the difference in the conditions before the deposit. The broker did so on purpose. Because the real trading conditions and the IronTrade platform are disappointing.
Firstly, the profitability on trading instruments is much lower and averages 60-70%, rarely it reaches a maximum of 80%. And this is not the bottom. The profit is 40-60% during periods of low liquidity. This is an extremely low figure among binary and digital options brokers.
Secondly, the broker has very few assets. Many of them are only available for trading at certain times. Almost always about 30 assets available. IronTrade indicates the presence of more than 70 shares for trading on the platform. This is a complete lie. There are no company shares at all.
Thirdly, the trading platform slows down. The opening of a deal takes about 2 seconds. The deal is processed for a few seconds after the expiration date. The asset price can change dramatically during this time.
Finally, there are only 10 trading indicators for technical analysis on the IronTrade platform.
Now lets get back to the general trade offers.
The minimum trade is $ 5 and the maximum is $ 200. You can open an unlimited number of trades. The expiration time is from 30 seconds to 240 minutes. The chart is available in 18 time frames and you can quickly switch between 4 trading instruments.
So, we can draw a small conclusion even at this point in the IronTrade review. It offers terrible conditions compared to Olymp Trade, IQ Option and Binomo.
Leave a Reply