IronFx Broker -Full Rating Analysis
IronFx General Rating
IronFx RATING SUMMARY |
||
MAX |
ACHIEVED |
|
1.Credibility |
28.00% |
14.71% |
2.Competition |
30.00% |
27.00% |
3.Trading-Options |
26.00% |
26.00% |
4.Technology |
16.00% |
9.50% |
Overall Rating |
100.00% |
77.21% |
IronFx Rating Analysis
IRON FX RATING ANALYSIS | ||||
Using Rating Formula v.2.0 | ||||
TOTAL RATING | 100.0% | IronFx Broker | ||
Weight Analysis | Factor Analysis | 77.21% | ANALYSIS | |
1. FOREX BROKER CREDIBILITY | 28.00% | FACTOR-1 ANALYSIS | 14.71% | IronFx Credibility Analysis |
1.1 IronFx Level of Regulation | 12.00% | FSC (BVI)=1.0%, CYSEC=3.0%, CBI=4.0%, ASIC=4.0%, BaFIN=5.0%, FSA (UK)=6.0%, FINMA=8.0% and MiFID=+4.0% | 9.00% | IronFx is regulated by FSA (UK)=6% and CySEC=3%, Total = 9.0% |
1.2 IronFx Headquarters Base | 5.00% | Offshore=0%, Cyprus=2.0%, Ireland, Australia=4.0%, USA, UK, Germany, France, Switzerland=5.0% | 2.00% | IronFx Home Base is in Cyprus = 2.0% |
1.3 IronFx Years in the Market | 4.00% | 0-2 Years=0%, 2-4 Years =1.0%, 5-7 Years=2.0%, 7-10 Years=3.0%, 10+ Years =4.0% | 1.00% | IronFx in the current business form was found in 2010 2-4 years = 1.0% |
1.4 US Traders | 2.00% | Yes=2.0 or No=0 | 0.00% | IronFx doesn't allow US traders =0% |
1.5 IronFx Web Ratings (Usage for differentiating results) | 5.00% | 2 Ratings: ForexPeaceArmy Rating=2.5%, EarnForex Rating=2.5% | 2.71% | IronFx FX FPA=2.917 / 5.00 & Earn Forex= 2.50 / 5.00, Total= 2.71 / 5.0 = 2.71% |
2. FOREX BROKER COMPETITION | 30.00% | FACTOR-2 ANALYSIS | 27.00% | IronFx Competition Analysis |
2.1 IronFx Offering Spread (EUR/USD) | 12.00% | EUR/USD Spread <0.5=12.0%, <0.6=11.0%, <0.70=10.0%, <0.8=9.0%, <0.9=8.0%, <1.0=7.0%, <1.25=6.0%, <1.50=5.0%, <2.0=4.0%, <2.5=3.0%, <3.0=2.0%, <3.5=1.5%, <4.0=1.0%, >4%=0 | 9.00% | IronFx EUR/USD Min Spread for Standard Account is about 0.8 pip = 9.0% |
2.2 IronFx Commissions on Trading | 7.00% | No Commissions=7%, Low Commissions=4%, Low to Medium Commissions=3%, Medium Commissions=2%, Medium to High Commissions=1%, High Commissions=0 | 7.00% | No Commissions are charged by IronFx when trading Forex. Commissions only on Futures = 7.0% |
2.3 IronFx Commissions on Deposit / Withdrawal | 2.00% | Yes=0 or No=2.0% | 2.00% | No Withdrawal Commissions are charged by IronFx = 2.0% |
2.4 IronFx Maintenance Fees | 2.00% | Yes=0 or No=2.0% | 2.00% | No Maintanace Fees by IronFx= 2.0% |
2.5 IronFx Rate of Leverage | 4.00% | 400%+=4.0%, 350%=3.5%, 300%=3.0%, 250%=2.5%, 200%=2.0%, 150%=1.5%, 100%=1.0%, <100%=0% | 4.00% | Max Leverage on IronFx is 1/500 = 4.0% |
2.6 IronFx Customer Service Quality | 3.00% | 24/7=1%, 24/6=0.5%, 24/5=0%, Phone=1.0%. Live Chat=1.0%, Skype=1.0% | 3.00% | IronFx provides 24/5=0%, Phone=1.0%, Live Chat=1.0%, Skype=1.0% |
3. FOREX BROKER OPTIONS | 26.00% | FACTOR-3 ANALYSIS | 26.00% | IronFx Trading Analysis |
3.1 IronFx Availbale Forex Currencies | 8.00% | 45+ Currency Pairs=8.0%, 40+ Currency Pairs=7.0%, 35+ Currency Pairs=6.0%, 30+ Currency Pairs=5.0%, 25+ Currency Pairs=4.0%, 20+ Currency Pairs=3.0%, 15+ Currency Pairs=2.0%, 10+ Currency Pairs=1.0%, Less than 10 pairs=0 | 8.00% | IronFx offers 65+ Forex Currencies = 8.0% |
3.2 IronFx Other Financials Available | 2.00% | Commodities=1.0%, Energy=1.0%, CFD trading=1.0% | 2.00% | IronFx offers Commodities, Energy, CFDs = (max) 2.0% |
3.3 IronFx Bonus / Rebate Rate | 8.00% | Bonus / Rebate >40%=8.0%, >35%=7.0%, >30%=6.0%, >25%=5.0% >20%=4.0%, >15%=3.0%, >10%=2.0%, >5%=1.0 | 8.00% | Deposit Bonus at IronFx is up to 50% and up to $5,000 = 8.0% |
3.4 Scalping Allowance | 1.50% | Yes=1.5% or No=0% | 1.50% | Yes, IronFx allows Scalping = 1.5% |
3.5 Hedging Availability | 1.50% | Yes=1.5% or No=0% | 1.50% | Yes ,IronFx allows hedging = 1.5% |
3.6 IronFx Number of Deposit Methods | 2.50% | For each deposit method available=0,5%, max=5 methods | 2.50% | 5+ methods available by IronFx (Credit Cards and Debit Cards, Web Money, Bank Wire, Neteller, MoneyBookers) = (max) 2.5% |
3.7 IronFx Number of Withdrawal Methods | 2.50% | For each withdrawal method available=0,5%, max=5 methods | 2.50% | 5+ methods available by IronFx (Credit Cards and Debit Cards, Web Money, Bank Wire, Neteller, MoneyBookers) = (max) 2.5% |
4. FOREX BROKER TECHNOLOGY | 16.00% | FACTOR-4 ANALYSIS | 9.50% | IronFx Technological Analysis |
4.1 IronFx Available Platforms | 5.00% | Each Supported Platform=1%, max=5 | 2.00% | 2 Platforms, Web Trader and MetaTrader4 are available at IronFx = 2.0% |
4.2 API Trading Availability | 1.00% | Yes=1.0 or No=0 | 0.00% | No, API trading is not available at IronFx = 0% |
4.3 Automated Trading (Expert Advisors) | 2.00% | Yes=2.0 or No=0 | 2.00% | Yes, IronFx allows signals from Expert Advisors |
4.4 IronFx Mobile Devices Support | 2.00% | Each Supported Device=0,5% (iPhone, iPad, Android, Windows Mobile, Blackberry), max=4 | 2.00% | IronFx provides MT4 applications for iPhone, iPAD, PDA, BlackBerry and Android devices = (max) 2.0% |
4.5 IronFx MT4 / MT5 Availability | 1.00% | Yes=1.0 or No=0 | 1.00% | Yes, IronFx offers Metatrader4=1.0% |
4.6 IronFx Level of Innovation | 5.00% | High Innovation=5%, Medium Innovation=2.5% | 2.50% | Medium Innovation (offering many Forex currencies, low Spread without Commissions, MT4 platform for all mobile devices) = 2.5% |
IronFx Full Rating Analysis
Online Forex (2012)