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IronFX regulation
Across a hundred brokers, the licence is what separates the field fastest. Here is IronFX's regulatory record in full.
Facts last checked . Read the full IronFX review.
Regulation and safety
- Regulated by
- BVI FSC (SIBA/L/24/1175); ASIC (AFSL 417482); FSCA South Africa (FSP 45276)
- Regulator tier
- Tier 1
- Register entry
- BVI FSC Investment Business Register, SIBA/L/24/1175
- Client money segregated
- Yes
- Held at
- Regulated banking institutions
- Negative balance protection
- Yes
- Compensation scheme
- No statutory investor compensation scheme for BVI clients
- Audited by
- Independent external auditors
- Not available to
- United States, Cuba, Sudan, Syria, North Korea; international website also not intended for Australian or Indian residents
Check the licence yourself: ASIC Connect, the FSCA search of financial services providers.
What this means
Across a hundred brokers, the licence is what separates the field fastest.
IronFX holds a tier-one authorisation from ASIC. That matters more than any headline spread: it determines your leverage cap, whether losses can exceed your deposit, and what happens to your money if the firm fails.
It also operates an offshore entity (FSC). Which one you are onboarded to depends on where you live, and the two carry very different protections - worth confirming before you deposit.
ASIC caps retail leverage at 1:30, requires negative balance protection, and obliges the broker to hold client money in a separate trust account.
The FSCA licenses derivative providers in South Africa without a fixed retail leverage cap, so headline leverage is often higher than an FCA or ASIC entity may offer.
An FSC licence (Mauritius or Belize, depending on the entity) is an offshore authorisation with lighter reporting duties than a tier-one regulator.
Client money is held separately from the firm's own money, at Regulated banking institutions. That separation is what makes your balance recoverable if the company fails, rather than part of the pool its creditors divide up.
Negative balance protection applies, so a losing position cannot take the account below zero and leave you owing the broker money.
Covered by No statutory investor compensation scheme for BVI clients, which pays eligible clients up to its limit if the firm fails owing client money.
Questions about IronFX regulation
Who regulates IronFX?
IronFX is regulated by BVI FSC (SIBA/L/24/1175); ASIC (AFSL 417482); FSCA South Africa (FSP 45276).
Is client money segregated at IronFX?
Yes. IronFX holds client money separately from its own funds, at Regulated banking institutions.
Does IronFX offer negative balance protection?
Yes. IronFX offers negative balance protection, so a losing position cannot leave you owing the broker more than your account held.
Regulation at brokers under the same regulator
- AvaTrade regulation also licensed by FSC (BVI)
- easyMarkets regulation also licensed by FSC (BVI)
- XM regulation also licensed by ASIC
- Exness regulation also licensed by FSC (BVI)
- Admirals regulation also licensed by ASIC