IronFX regulation & licences
Licences on record 3
2 Tier 2 — strong regulation
3 Tier 3 — moderate regulation
Licences are matched from public sources and regulator registers, and entities change over time. A licence held by one company in a group does not cover clients of another. Always confirm on the official register.
Regulatory profile
IronFX is a forex & CFD broker founded in 2010 and headquartered in Cyprus.
In our database IronFX is matched to 3 licences from CySEC, FSCA and BMA. Its strongest licences come from the CySEC and the FSCA, which we rate tier 2: credible supervision, but with fewer safeguards than the very strictest regulators.
IronFX's licences span very different levels of protection — from CySEC and FSCA to BMA. The entity you are assigned to normally depends on your country of residence; if you live outside the jurisdictions of its stronger licences, expect to be onboarded to an offshore entity.
Depending on the entity, eligible clients may be covered by Investor Compensation Fund (ICF) (CySEC). Negative balance protection is mandatory for retail clients under CySEC rules. Retail leverage caps apply at the CySEC-regulated entities (for example 30:1 on major FX pairs at CySEC).
IronFX provides access to MT4. The advertised minimum deposit starts from about US$100 — minimums often vary by account type and entity.
Regulatory strengths
- Holds tier-2 licences (CySEC and FSCA)
- Operating for about 16 years
- Compensation scheme available at CySEC entity
- Negative balance protection required at some entities
Points to check
- International clients may be onboarded to offshore entities (BMA)
Protection by entity
| Regulator | Compensation | Retail leverage | Negative balance protection | Disputes |
|---|---|---|---|---|
| 2 CySEC | Investor Compensation Fund (ICF) — up to €20,000 | 30:1 on major FX pairs (ESMA rules) | Required for retail clients | Financial Ombudsman of Cyprus |
| 2 FSCA | No compensation scheme; FAIS Ombud handles complaints | No statutory retail leverage cap | Not a regulatory requirement | FAIS Ombud |
| 3 BMA | No compensation scheme | No statutory cap | Not a regulatory requirement | BMA |
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IronFX regulation FAQ
Is IronFX regulated?
Yes — in our database IronFX is matched to 3 licences: CySEC (Cyprus), FSCA (South Africa) and BMA (Bermuda). Which of these protects you depends on the legal entity you open an account with. Always confirm the licence on the regulator's official register.
Is IronFX a tier-1 regulated broker?
No. None of the licences we have matched to IronFX is from a tier-1 regulator. Its strongest licence is tier 2.
Does IronFX accept US clients?
IronFX is not matched to a CFTC/NFA registration in our database. Only CFTC-registered, NFA-member firms may offer retail forex to US residents, so IronFX generally cannot accept US retail forex clients.
Is my money protected with IronFX?
Clients of IronFX's CySEC-regulated entity may be eligible for statutory compensation (Investor Compensation Fund (ICF) — up to €20,000). Clients of other entities rely on segregation of funds and the firm's financial strength.
What is the minimum deposit at IronFX?
IronFX's advertised minimum deposit starts from about US$100. It can differ by account type, payment method and the entity you are onboarded to.
How can I verify IronFX's licence?
Find the company name and licence number in IronFX's client agreement or website footer, then search it on the regulator's official register (linked from each licence on this page). Confirm that the website domain you use is listed on the register, and check the regulator's warning list for clones.