Iron Max Group review 2020
We have studied the services of Iron Max Group, analyzed customer reviews and compiled a review on this brokerage company. Our researchers have studied this company from all sides, its approach to explore trading styles, as well as, charts and instruments. A comparative analysis of Iron Max Group’s commissions with similar companies trading on stock markets, crypto markets, Forex and CFDs has been conducted.
Iron Max Group has gained recognition among companies in the field of cryptocurrency. The other markets are not so extensively represented if compared to other brokers. Its own innovations set the company apart from the general mass of brokers, including automatic trading, copy-trade, these are the options that the best specialists in Iron Max Group are working on.
The organization is not new to the market, but it is referred to as a new generation of broker because it provides an individual approach to trading in the financial market. Despite the registration in an offshore – in St. Vincent and the Grenadines, the majority of clients are in Europe, a large cluster of investors is in the Asia-Pacific region. Additional offices have been opened in Spain, the UK and Cyprus to serve clients from hundreds of countries.
Iron Max Group platforms and tools
To access trading, Iron Max Group offers classic MT4 – accessible and understandable interface, a wide range of tools, Iron Max WEB. There is an option of setting up an account for Islamic countries.
Iron Max Group Reviews
There is the option to select the language; however, it should be noted that while the Russian version works correctly, some of the other languages are not yet finished and include problems.
Execution of orders Iron Max Group
Iron Max Group is positioned as a broker STP and ECN. This is an advantage for traders focused on fast execution, tight spreads and no slippage. When trading on MT4 currency pairs, at the expense of liquidity provided by the largest banks, which means that spreads will be minimal. Standard leverage is 1:400.
Iron Max Group has high ratings due to its reliable transaction tools and add-ons that allow fast trading in a few clicks.
We were unable to open multiple pop-up windows at once while testing the Iron Max Group Web edition, and we were also unable to open background jobs without closing the window in the trade observation mode.
For multitasking traders, this would be a disadvantage.
We have not received a single complaint from our side customer support, in addition to the standard chat rooms and support numbers, a forum has been organized, analyzing the experience of other traders described there, you can benefit and get an answer to your question. Just as a trader can leave feedback on any Iron Max Group, to give their opinion or listen to others.
Iron Max Group Reviews
It should be noted that the list of instruments is not as wide, for low-risk ETF trades, there are only traded funds to choose from. It is worth noting that only U.S. funds are represented.
Iron Max Group Bonus Programs
The company is in step with the times and encourages the like-minded people, so for new clients who replenish the account through the application the welcome bonus of 30 percent is provided. This will allow opening trades of a larger volume. For more details, it is better to read on company website, as conditions for providing bonuses change from time to time.
A common mistake made by beginners is opening trades with high margin. It can bring high profits as well as big losses. The minimum deposit amount for which you need to deposit your trading account to receive a bonus is $200, or the equivalent.
Pay close attention to the publications on Iron Max Group’s website so you don’t miss out on one of the contests, which usually have large prizes. This will motivate you to use new strategies in a highly competitive environment.
Clients with little experience will benefit from the “Trader’s tools” section, which has a considerable amount of educational materials, trading signals, fresh analytics, and stock news. Clients who are active have access to a range of webinars.
Iron Max Group mobile trading
Mobile trading is a focus for the organization, and all applications are available for download on the App Store and Google Play. The MT4 application will assist you in adapting to trading from your mobile device.
Customer support – in our opinion, this is half of the success, and the broker is developing in this direction very well. For example, live chat has been recently implemented.
Iron Max Group Robo-trading
Iron Max Group is actively promoting coprival trade, which may be configured manually. This feature allows you to imitate deals made by the platform’s top traders. This will allow you to understand tactics and be successful when researching markets.
The broker’s trading signals are simple to connect to MT4, and the broker’s website has important guides. There are many excellent evaluations on the Internet concerning the trading signals provided by this company’s analysts.
Cryptocurrency in Iron Max Group
Iron Max Group offers trading on BTC and other leading altcoins, including ETH, LTC, DASH, BNB. The leverage limit shows the high volatility of this market. Minimum lot – 0.01.
Iron Max Group Reviews
The spread size varies each instrument; for example, BTC has a 1.7-pip spread, ETH has a 1.8-pip spread, whereas LTC has a 6.1-pip spread. Both platforms offer crypto trading and do not require any additional downloads, which saves time and makes the trading procedure more straightforward.
Because the traded product is a CFD version of bitcoin, no specific “wallets” or accounts are required, considerably simplifying trading positions as values increase and decrease.
The risk exists since the cryptocurrency market is currently the most in demand, and the volume of crypto transactions is increasing daily.
What countries Iron Max Group does not work with
Before you start trading, familiarize yourself with the countries that the company does not work with, these are: Sudan, Libya, Cuba, Belarus, USA, Japan, Brazil, Cyprus, Iran, Iraq and some others.
Iron Max Group verdict
Iron Max Group is a dependable broker with some of the finest commissions and spreads on the market, as well as convenient and high-quality copy-trade. The organization provides dependable market access, with attractive spreads and commissions that are among the finest in the industry.
A number of withdrawal and deposit restrictions are definitely a negative side of this broker.
Iron Max Group Reviews
In the end, we consider the relatively weak regulatory framework to be the biggest drawback. If Iron Max Group wants to develop and be a competitor for the strong players of this market, stricter regulation is needed, we hope it will be eliminated soon.
We would be glad to see your feedback on Iron Max Group at the end of this review, which will help new traders to make the right choice.