Iron-bits Review 2020

General Information

Website URL: https://iron-bits.com/

Founded: 1996

Regulation: n/a

Languages: English

Deposit Methods: Bank wire transfer, credit/debit cards

Minimum Deposit: $250

Free Demo Account: no

Types of Assets: CFDs, stocks, Forex, commodities, cryptocurrencies

Iron-bits is a breath of fresh air on the trading market. It is one of the rare companies that are able to provide trading services in all areas equally good. From CFDs and currency pairs to commodities and even some cryptocurrencies, Iron-bits aims to cover the ground in detail. As a result, you can trade all these assets with some of the most astonishing trading conditions and requirements that are available in the industry.

What is the secret to Iron-bits success on the market? Well, their long-standing experience of over 2 decades is based on the values of efficiency and dedication to your own trading success. So, as you advance as a trader, the company thrives with you. Iron-bits is dedicated to helping each one of the clients reach their goals and use their potential, no matter what their personal preferences are when it comes to trading. In this Iron-bits review, we will show you exactly how this company is able to do so and to lead the way for other successful companies on the market.

Regulation

One of the most common obstacles that the clients face today is lack of regulation at the trading company of their choice. Namely, there are more and more companies emerging today that are not able to ensure your safety and trading success. Rather, they are focussing on their own, and you can lose by those plans in the process. Unregulated companies tend to bend the rules or avoid them completely so that they can gain from your performance on the market.

Considering that the Iron-bits company is based in London, we have to give them props for many reasons. First, the UK is one of the toughest regulatory areas of the world. The brands that are based here are regulated by the Financial Conduct Authority (FCA) which is one of the strictest regulatory bodies in the industry. FCA is always updating its regulatory frames and adding new policies so that you can be protected during the entire trading process. Namely, the brands that are regulated by FCA are requested to always follow the protocols that this authority imposes. And if not, the harsh fines will be imposed on them. So, it is in everyone’s best interest to follow these strict protocols and rules, and Iron-bits is definitely aware of that fact.

Trading Platform

Iron-bits’ operations are based on a highly responsive and advanced MT4 platform. This platform type is an industry leader that provides many perks and advantages to the users. One of the first that comes to mind is the fact that the platform design is impeccable. It is not only appealing but also easy to use and loads instantly, which is imperative during a hectic trading day. Next, the platform can also be downloaded and accessed on any device, mobile or desktop. So, you can use it on the go wherever you are, and not have to be tied to your computer and your desk.

The asset selection is quite satisfying – we were able to find over 200 different assets and asset groups on the platform. From CFDs and stocks to currency pairs and commodities, there is something for everyone here. Next, each one of these assets is neatly organized within groups and lists according to their type and market performance. When you click on each one, you can watch how the asset is performing in real-time on a colourful chart, as well as try and draw conclusions and possible predictions of the movements in the future. Also, it is important to note that you can also find useful information regarding the margin, leverage and other important info that is about each one of these assets. Many companies tend to hide this information or do not display it at all, so we are glad to learn that Iron-bits is different.

Account Types

Iron-bits provides no less than 4 different account packages to satisfy your trading needs. They understand that there are so many different types of clients with special tendencies and trading goals, so it is only suitable that they should each have access to a different account type. You can scroll through these account types as you wish – the only thing you need to do to switch between the two is to deposit more money into your account. Iron-bits’ team has made sure to make this process go as smoothly as possible.

The first account type that you will encounter is the Silver account. Here, with a deposit of only $250, you can have access to over 200 tradeable assets on the appealing platform. Then, you can also keep informed and updated with the daily occurrences on the market through the market review which will arrive in your inbox. You can also trade with the leverage of up to 1:100, which is quite admirable, especially for beginners.

Next up is the Gold account, which you can acquire by depositing at least $10.000. This may seem like a lot, but it brings you so many new possibilities and benefits for your trading. The first thing that comes to mind is that you will get your very own account manager. They will guide you through everything in your trading journey. Then, there are also appealing bonuses that you can enjoy, as well as lucrative gold spreads.

The Platinum account is available with a deposit of at least $50.000, and the possibilities are practically endless. With the leverage of up to 1:300, you can easier acquire profits online. Also, on that road, you can use the trading signals, analysis and other helpful tools that will enhance your trading strategy.

Lastly, the VIP account is the highest of the high at Iron-bits. It is invitation only. So, if you are a dedicated and trusted client of Iron-bits, you can join their family of advanced traders without any limits.

Education

Trading education is quite important and beneficial to all the clients, and we definitely shouldn’t disregard the Iron-bits educational section. It is regularly updated to follow all the latest innovations so you can include them in your trading strategy. The educational section at Iron-bits consists of 4 sections, with each one bringing you something new and unique.

The first one contains a variety of eBooks. They consist of useful facts and explanations about everything that you can encounter on the market during your trading. They are available for all devices, so you can take them with you and read through wherever you wish.

The next section is the Asset Index. Here, you can find details about each asset requirements. They include the trading hours and other key details to help you determine your trading strategy. Next, there is the FAQ page, which aims to educate the new clients. Finally, the handy Glossary contains all the necessary terms that you should read about if you wish to learn the trading lingo. After all, learning a language is the best way to learn about a community, right?

Deposits and Withdrawals

When it comes to making deposits and withdrawals, Iron-bits team has made sure to ensure this process is not only efficient and fast but also safe and reliable. For that purpose, they have included a variety of policies into their daily operations. They especially come into action within this section.

First, there is the Anti-Money Laundering Policy. This shows that Iron-bits is assisting law enforcement to prevent any fraud or other harmful activities that could disrupt your trading. Next, there is the KYC policy, that is especially beneficial in this area. Namely, this policy requires you to provide additional information that would confirm your data. They include your identity, place of residence and other important info. This way, your money is safe and on your way to you in no time. This applies to whenever you wish to make a withdrawal.

So, the depositing process is quite simple and fast, no matter which payment option you choose. Speaking of, the banking methods that are available at Iron-bits include the bank wire transfer and credit and debit cards. When it comes to withdrawals, the story is a bit different here. Namely, the processing times can depend on your bank’s policy, so you should keep that in mind. In addition, there are some fees that apply here as well, which is also standard. They depend on the amount that you wish to withdraw from your account.

Also, we should also mention that Iron-bits made it possible for you to cancel your withdrawal request at any time! This process is quite simple – you will only need to pay a 1% fee for the processing purposes.