Update: More Info on IronFX’s New CFD Multi-Asset Trader Platform
Gaining more information about IronFX’s new CFD trading platform, Multi-Asset Trader, Forex Magnates connected with the broker to answer questions
Yesterday, we reported about the launch of the Multi-Asset Trader, a new CFD trading platform from IronFX. The platform marks a new business unit as it targets higher net worth accounts as well as favoring stocks over CFDs. The focus on shares and CFDs of other assets by IronFX follows an existing trend in which many brokers have been launching new CFD offerings due to the product becoming a greater percentage of their volumes when forex volatilities declined in 2014.
Learning more about the Multi-Asset platform, Forex Magnates connected with IronFX, whose company representive provided several answers to questions about the product.
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Why offer CFDs on a separate platform than MT4?
Where MT4 was primarily developed as a forex trading platform, our new Multi-Asset trader provides access to the widest range of instruments other than forex.
How does this offering compare with the existing CFDs being offered on MT4? And are their plans to add more CFD products on MT4 now?
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Whilst we already offer the most popular CFD products, the IronFX Multi-Asset Trader can provide our traders with access to new markets and to more than 3,000 CFD instruments, through a dedicated trading platform connected to a liquidity provider.
Why the large minimum deposit size of $10,000?
Historically, traders of CFDs are more experienced and more high net-worth traders who seek to trade on platforms exclusively designed for this purpose, other than the MT4 platform, which is not very popular for CFD trading.
What percentage of volumes are currently from CFDs?
Around 5% of volumes are currently on CFD products, and with the launch of the IronFX Multi-Asset trader, we aim to diversify our volumes further.
IronFX withheld from answering who the liquidity provider is. But, it is believed to be GAIN Capital, which may also be providing technology along with liquidity to IronFX. If true, it would mark an extension of GAIN Capital’s CFD liquidity business which was also tapped by Spotware Systems to provide straight-through processing of CFDs on their cTrader platform. GAIN’s CFD liquidity was boosted by their 2013 acquisition of GFT, with that broker’s Sales Trader institutional liquidity division becoming one of the fastest growing segments of business for GAIN Capital in 2014.
As per earlier comment, looks like a low-cost redevelopment of an existing platform maybe Saxo or Gain.
The point is that whatever the arguments against IronFX, this is another proof they are well capitalised given the collateral needed to run this product at the depth they are offiering it.
What collateral?
Get price feeds into (free of charge from esignals/Interactive demo account) and B Book the hell out of the traders.
So absolutely zero collateral needed, comment about them being capitalized because of the CFD offering is not well argument-ed.
Ironfx is not allowing Peruvian clients to withdraw their money !!!! The funding department is claiming that they are investigating possible bonus abusers, which is completely false, some of these clients lost part of their investment, so there was no abuse from their part. I see a big lawsuit coming their way.
stay away from them !!
not professional. shit service my money has been pending for the past 22 days no withdraw !!! anyone please help
my english not so good, i invest much in market for past7 yrs, IRONFX SCAM ME!!!
not letting me withdraw anything for 1 month. all liers and cheat.
told me because am chinese! not true! i am not a chinese!
LOL! My English good!!!
The last three comments are very convincing. No way they are coming from a competitor who due to lack of clients has nothing better to do.
Ironfx is holding my money and few of my friends.
Please pls stop the trade with IRONFX. They are a realscammer!
I really like this platform. It’s given me the ability to trade on stocks that I wanted to trade a long time ago. it’s easy to use and it has an amazing charting feature. I’ve been with ironfx for about a year and I can honestly say that I was worried from everything that i have been hearing but this allows me to feel confident that they are moving in the right direction. Surely if they are developing new products like this they are doing something right.
it is a white lablel of gft 360.
it doesnt cost ironfx anything, not even a bean. gft now owned by gain capital will provide the whole white label ncluding all the red ironfx logo and infrastructure as they benefit by it. they will give ironfx a small percentage as a referral.
see similar here. all the same login pages
https://sharepricemarkets.shareprice.co.uk/
https://demo.tradefair.com/?vendor=tf_us
https://tradingplatform.iii.co.uk/
and now
iron fx
https://multi-asset-trader.live.ironfx.com/Trader.jsp
IronFX Global defrauded more than 600 clients in the Czech Republic on a managed account has !!! Blocked their accounts frozen platform and everyone lost their entire account on January 15. Away from them !!! Fraudulent broker
Not sure about the $10K threshold. It makes more sense to be lower to attract more traders not only the high net worth ones. Esp. for us from Asian countries.
So in the end, is ironfx well capitalised or not? on the one hand, they have a 10k minimum for clients on this platform. they want to attract the high net worth traders to get some high net worth income. on the other hand, they seem to continue surviving nothwithstanding all the discussion on their withdrawals – or lackof – and the abusers – documented in this very forum).
I have traded with this platform and ironfx and I like it very much. Jeff Zhou I dont think you are correct with the $10k because I made a deposit of $2.5 and I am using it. No problem. The platform is working well and ironfx are helping me with my questions. I like it because I can trade shares from my country onlien.
@Weronika – The $10K minimum was based on info stated by IronFX
I tried this platform with Ironfx and my deposit was way below 10k. It must be that they have changed their minimum deposit to be accepted I guess. I have barely spoken to my account manager about this platform but it looks to be quite good. A much larger selection of cfds to trade if you compare it to the mt4 platform they have.