iron trade

IronTrade Review: Easy Facts about Iron Trade and Olymp Trade for beginners 2021

Welcome to Cryptopidia Blog Expert IronTrade Review.

Iron Trade is a bespoke binary options platform that allows you to trade in a huge range of assets.

IronTrade offers it’s trading clients two account options, Standard or VIP, and options on over 70 assets that cover currency pairs, stocks, indices, and commodities.

It also has facilities for clients to continue trading over the weekend period when the binary options markets are closed, by using an OTC agent.

What is IronTrade

IronTrade is a new dawn on the international market of brokerage services. They have created a company that meets the highest requirements of our clients. In IronTrade all stages of trading are as simple as possible, and the entry threshold is lowered to a record sum.

It is the necessary step that allows even beginners to start opening trades immediately and get their first profit.

Iron trade primary task is to make a significant contribution to the international brokerage market, so we started putting these ideas into practice from the very first day.

Expert IronTrade Review

IronTrade Expert Review: Is Iron Trade Scam or Legit?

Iron trade was established in 2019, it claims to be owned and managed by Rosco Solutions Ltd in Kingstown, St Vincent and Grenadines, and the information on the site provided by Triafor Solutions Ltd located in Nicosia, Cyprus.

Iron Trade Restricted Countries And Language Support

Iron Trade does not accept users from these countries;

  • USA
  • European Economic Area
  • Canada
  • Russia
  • Switzerland
  • Israel
  • New Zealand
  • Australia
  • Japan
  • North Korea
  • Puerto Rico
  • Sudan
  • Liberia
  • Pakistan
  • Syria

IronTrade Supported Languages

Below is the list of supported languages in IronTrade

  • English
  • Russian
  • Indonesian
  • Turkish
  • Chinese
  • Vietnamese
  • Filipino
  • Spanish
  • Hindi
  • Thai
  • Arabic

Traded Assets

Iron Trade currently offers up to 31 financial assets for binary options trading, these are;

  • 20 currency pairs- including, EUR/USD,USD/RUB, EUR/CHF, GBP/JPY etc.
  • 4 cryptocurrencies- Bitcoin, Litecoin, Ethereum, and Ripple.
  • 4 Index- UK100, AUS200, JP225, DE30.
  • 3 Commodities- Gold, Silver, and WTI Oil.

Where Does Iron Trade Charts and Quotes Come From

Quotes fluctuate depending on the current market situation, i.e., the present world’s prices on a specified asset. You can see price fluctuations in real-time learning its recent history on a chart.

Quotes fluctuating depends on a current market condition, i.e., the actual stock exchange prices for specified assets. You can see price fluctuations in real-time and check the recent history on a chart.

Quotes depend on a market data provider used by a broker. So, they may vary a little bit on different platforms.

The charts presented on IronTrade display the data received directly from our liquidity provider without any interruptions or changes.

Trading Accounts

Iron Trade offers 3 types of accounts to its customers;

  • Demo Account

This account is mainly for practicing your trading skills. It is accessible only when you have completed your sign-up. The account comes with a default balance of #10,000 or $10,000 in virtual funds depending on your currency.

 You cannot withdraw any profit made from this account,  plus it’s replenishable in case your balance hits a zero point.

  • Standard Account

The standard account is the first step for traders to make their investments in the live market.  You can own a standard account on Iron Trade with a minimum deposit of $10 0r ₦3,500.

The maximum payout on this account is 80% on investment after broker fees have been deducted.

  • VIP Account

To own a VIP account on Iron Trade, you have to make a 900USD ( ₦300,000) deposit. This account comes with an increased payout of up to 90%, extra bonus, and faster withdrawals.

Risk Warning:

Financial trading is very risky and can result in account losses and total account wipeout if proper risk management procedures are not adhered to. Only trade with money you can afford to lose.

Iron Trade Deposits and Withdrawal Methods

The supported payment and withdrawal methods include;

  • Visa/Master Card
  • Neteller
  • Skrill

The maximum amount depends on the type of the account and may reach 150$ per day.

You can withdraw your funds using a lot of different ways: plastic cards, bank accounts, etc. Please pay attention that the owner of the bank account must be the owner of the trading account.

Available withdrawal methods depend on the country you have chosen during your registration. It is important to pass a one-time verification to withdraw funds. It aims to protect your current and future withdrawals.

IronTrade vs Olympic Trade Which is Better

Let’s check their websites out, what Iron Trade doesn’t have and what Olymp Trade has;

1. Headers, Iron Trade doesn’t have an education section to educate traders about trading. The Analytics on Iron Trade has only news alerts, not full analytics tools. Iron Trade has no Regulation.

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2. Now let’s see the footers, Iron Trade website was found in 2019, that’s less than a year! Olymp Trade was found in 2014, do you see the difference?

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3. Their company, Iron Trade claims that the Website on the domain is owned and operated by Rosco Solutions LTD, and information on the site is provided by Triafor Solutions Limited. Look what I found about those companies.

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Rosco isn’t available at the moment I search or maybe never works. And Triafor Solutions Limited isn’t about trading at all.

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Now let’s check Olymp Trade, It claims that The site hosted at the Olymp Trade domain belongs to and is managed by Inlustris Ltd, and the agent is Wallfort Limited.

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Inlistris Ltd. has a certificate of compliance from IFMRRC (International Financial Market Relation Center) and Wallfort Limited is about investment too.

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4. Trust and Safety, Iron Trade doesn’t have anything to confirm that they will not cheat one your trades.

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While in Olymp Trade you can find all its regulations to show that all trades will be verified and safe.

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If I keep searching for more, I wouldn’t get to sleep tonight. I hope that information can give you some idea about the Iron Trade. If you decide to trade with Iron Trade, don’t complain about your result.

How to trade on iron trade

Is Iron Trade Scam or Legit?

IronTrade boasts a bespoke trading platform and equally functional apps suited to both Android and iOS mobile devices, as well as opportunities to enter tournament events, funded with its unique currency T¢ (tournament coins).

Although IronTrade has not been in the binary options market long enough to judge against longer-standing brokers, it does seem to be making an impact with traders, and also they have a lot of scam report about the Iron Trade.

Final Verdict

This article “Irontrade review” does not aim to promote or demote Iron Trade, and not financial Financial operations offered by this website may have an increased level of risk.

By purchasing financial services and tools from this website, you can suffer significant financial losses or completely lose the funds from your guaranteed trading account. Please evaluate all financial risks and consult with an independent financial adviser before trading.

Presumably, because the broker and its website are new, it can be a little tricky to locate specific information, which can be a bit frustrating, but we are sure that IronTrade will address website navigation at some stage.

In fairness, these issues do not extend to the trading interface, where everything is made clear from the point of download.

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