IronFX — where it wins, where it loses
IronFX does not currently take a column outright against this field. No column in our set puts it behind the field. Its cost per ten lots is not confirmed, so it is left out of the cost ordering rather than estimated.
Column by column
The split
Two lists, no averaging. A broker that takes a column outright appears on the left of it; one that gets beaten on a column appears on the right. Nothing is scored into a single number, because a single number hides which side you actually care about.
Wins on
No column where IronFX takes the field outright.
Loses on
No column in this set puts IronFX behind the field.
Cost per 10 lots is the EUR/USD spread cost of ten round-turn standard lots at the figure above, commission excluded. Where a broker publishes a "from" spread rather than an average, the comparison inherits that limitation — see the unconfirmed list further down.
Licensing
Which entity, which regulator, which number
Tier decides how much weight a licence carries in any safety column. Each row links to the page it was read from.
| Regulator | Number | Jurisdiction | Tier | Entity | Read from |
|---|---|---|---|---|---|
| FCA | 585561 | United Kingdom | Tier 1 | Notesco UK Limited | register.fca.org.uk |
| CySEC | 125/10 | Cyprus | Tier 2 | Notesco Financial Services Limited (reg. 260651) | cysec.gov.cy |
| Bermuda registration cited in IronFX terms of business | Bermuda | Tier 3 | Notesco Limited (Bermuda reg. 51491) | ironfx.com | |
| FSC British Virgin Islands | British Virgin Islands | Tier 3 | Notesco (BVI) Limited | ironfx.com |
Checkable
Facts the comparison runs on
On the record
- IronFX is a trade name of the Notesco group; the UK arm, Notesco UK Limited, appears on the FCA register with firm reference number 585561.
- The Cyprus arm, Notesco Financial Services Limited (formerly IronFX Limited), holds CySEC licence 125/10.
- CySEC published a decision on 27 November 2015 recording a settlement with IronFX Global Ltd (https://www.cysec.gov.cy/en-GB/public-info/decisions/76109/).
- CySEC published a further settlement decision concerning Notesco Financial Services Ltd on 2 April 2024, in respect of a board decision dated 29 January 2024 (https://www.cysec.gov.cy/en-GB/public-info/decisions/96700/).
- The group also uses Bermuda and British Virgin Islands entities for non-EU clients, as stated in IronFX's own terms of business and site footers.
| Trading since | not verified |
|---|---|
| Base | Limassol, Cyprus (registered address of Notesco Financial Services Limited: Iapetou 2, 4101 Limassol) |
| Minimum to open | $100 |
| Leverage cap | 1:30 (FCA/CySEC retail); higher leverage advertised on non-EU entities |
| EUR/USD | not verified |
| Terminals | MT4, MT5 |
| Account tiers | Live Fixed, Live Floating, STP/ECN |
| Markets | Forex, Indices, Commodities, Metals, Shares, Futures |
| Record confidence | medium |
| Matchup-ready | no — too many gaps to run a fair head-to-head |
Excluded from the maths
Not verified
Not verified
These fields are not confirmed. They are shown as gaps, not filled in, and they do not feed any column of the matrix:
- founded
- spreadEurusd
- segregatedFunds
- negativeBalanceProtection
- publiclyListed
- BVI FSC licence number for Notesco (BVI) Limited
- settlement amounts in the CySEC decisions (decision texts not read in full)
- negative balance protection
Costs less
Who beats IronFX on price
Tickmill
$10.00 per 10 lots · wins on headline spread, platform choice
Eightcap
$10.00 per 10 lots · wins on regulatory reach
JustMarkets
$30.00 per 10 lots · wins on headline spread
CMC Markets
$50.00 per 10 lots · wins on headline spread, no minimum deposit, regulatory reach, platform choice
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74% and 89% of retail investor accounts lose money. Verify every figure with the broker before opening an account.