IronFX
Pros
- Regulated by FCA, CySEC, and FSCA
- UK clients covered by FSCS up to GBP 85,000
- 200+ instruments across forex, commodities, indices, shares, and crypto CFDs
- Multiple account types including zero-spread ECN options
- Free demo account available
- Free VPS hosting for qualifying deposits
- IronFX Academy educational resources
- Copy trading via TradeCopier
Cons
- Only MetaTrader 4 offered - no MT5 or cTrader
- $50 annual inactivity fee after 12 months
- 3% withdrawal fee if no trades have been placed
- Offshore BVI entity offers materially lighter retail protections
- History of client complaints and CySEC settlements in 2015 (EUR 335,000) and 2024 (EUR 100,000)
- Not available to US residents
- Minimum deposit of $250 on most account types