📈 Popular:

Broker of the month

Top 27 Regulated Forex Brokers

Forex No Deposit Bonuses

Promotions

⚡ Easily Trade – Apple, Microsoft , Tesla and Google Stocks – Open a FREE Account Here

Best Brokers

1st Place

2nd Place

3rd Place

4th Place

5th Place

IronFX Demo Account

IronFX Demo Accounts

 

Overall Rating

4.5/5

Rated #187 of 
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

FCA, ASIC, FSCA, CySEC

📱 Trading Desk

MetaTrader 4

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Yes, IronFX offers a free demo trading account for beginner traders to train on. The Demo account interface is ideal for traders who want to learn to trade without incurring any trading risks or losses. IronFX practice forex trading in a 100% risk-free environment.

Finding a reputable list of IronFX demo account local or worldwide can be a difficult process, especially finding a complete list from a trustworthy reputable source.

Below is an in-depth Demo Account review regarding this regulated Forex company, which will assist traders to make an informed decision when it comes to using this broker’s platform and their trading interface.

 

How to set up a Demo Account – Step by Step

Opening a free demo account with IronFX consists of the following simple steps:

  1. You can create a Demo Account with IronFX directly from the application by clicking the “open demo account” option.
  2. Select the Demo server by searching for “IronFX” and fill in your personal details on the signup screen.
  3. To finalize your registration click the “Register” button on the top of the page.
  4. When the registration process is completed, you be automatically logged in to your account and an email will be sent to you with your account information.

 

A demo account is often referred to as a practice account due to it providing traders with the ability and freedom to explore the broker’s offering without running the risk of incurring losses through the provision of virtual money with which to practice trading.

Beginner traders can use demo accounts to familiarize themselves with a live trading environment, where they can build up their trading skills by actively participating in trades and develop their own trading strategies.

Demo accounts are not merely intended only for beginner traders, but it provides more advanced traders the opportunity to explore what IronFX has to offer.

 

Overall Rating

4.5/5

Rated #187 of 
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

FCA, ASIC, FSCA, CySEC

📱 Trading Desk

MetaTrader 4

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

IronFX Demo Account Features

The demo account is available for the Floating Spread Account and for the STP/ECN absolute zero accounts. Maximum leverage can be set to 1:1000.

It is important to note that those traders operating from within the EEA will only be able to trade on a maximum leverage of 1:30 in the real accounts.

The Floating Account types have the following features:

  • Standard – Spreads start from 1.8 pips, the minimum deposit required is $100 and leverage up to 1:1000 is available
  • Premium – Spreads start from 1.6 pips, the minimum deposit required is $1,000 and leverage up to 1:1000 is available
  • VIP – Spreads start from 1.4 pips, the minimum deposit required is $10,000 and leverage up to 1:1000 is available
  • Zero Fixed – Spreads start from zero pips, the minimum deposit required is $500 and leverage up to 1:500 is available

 

The STP/ECN account types have the following features:

 

  • No Commission – Spreads start from 1.7 pips, the minimum deposit required is $500 and leverage up to 1:200 is available
  • Zero Spread – Spreads start from zero pips, the minimum deposit required is $500 and leverage up to 1:200 is available
  • Absolute Zero – Spreads start from 0.3 pips, the minimum deposit required is $500 and leverage up to 1:200 is available

 

 

Pros and Cons

✔️ PROS ❌CONS
Easy demo account opening process

Access to a wide range of account features

Expiry period not indicated by the broker

 

You might also like: IronFX Minimum Deposit

You might also like: IronFX Sign up Bonus

You might also like: IronFX Fees and Spreads

You might also like: IronFX Account types

You might also like: IronFX Islamic Account

 

 

FAQ

 

What is the difference between a demo and a live trading account?

A demo account offers the use of virtual funds instead of actual capital. This allows for risk-free trading as well as exploring both the broker’s offer and the trading platform.

A demo account can be used for a variety of reasons including practice trading, testing trading strategies, exploring platforms and offers, and more.

 

Does IronFX offer a demo account?

Yes, IronFX offers a demo account to all new traders.

 

For how long is the demo account valid?

This is not indicated

 

Which live trading accounts does IronFX offer?

The accounts are categorized under Spread Accounts and STP/ECN Accounts

 

What are the available deposit currencies for a live trading account?

USD, EUR, GBP, AUD, JPY, CHF, PLN, RUB and HUF

 

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

Table of Contents

You might also like

FINEXO Review

Overall, FINEXO is regulated by two tier-1 regulators, two tier-2 regulators, and four tier-3 regulators respectively. It has a high trust score of 97 out