Iron FX Autotrade Review

Iron FX Autotrade is the social and copy trading opportunity presented by the online broker Iron FX. The platform enables less experienced traders to copy signals or mirror the complete strategies of experts traders. In this Iron FX Autotrade review, we will shed some more light on the platform’s features, specifics of using the Autotrade platform and point out the main advantages and disadvantages of the process.

Iron FX Overview

Iron FX is an online brokerage company with more than a decade of history. The company is registered in Bermuda, and they provide trading services to clients in 180 countries across the world. Iron FX provides its retail and institutional clients access to over 200 trading instruments from 6 different access classes, including Forex, Commodities, Spot Metals, Spot Indices, Futures and Shares.

Their social and copy trading services are offered via the AutoTrade platform and keep segregate accounts for traders.

Iron FX Autotrade Features Review

Iron FX Autotrade platform aims to assist traders with limited experience by providing them access to advanced traders’ trading signals and trading strategies. By opening an account, they can monitor and copy the provided signals and strategies, thus benefiting from the knowledge of the more experienced traders. Additionally, through interaction with other traders, they can expand their knowledge and improve their trading skills.

To start with Iron FX Autotrade, you need to open your Trading Account. The process allows you to choose what kind of trading account you wish to open, such as Live Floating Spread, STP/ECN No Commission and others. Depending on your country of residence, the system shows you the accounts you can choose. Then you need to select other parameters such as Bonus, Leverage and Base Currency.

Once the process is completed, you will be contacted by an Iron FX team member to help you complete the process of joining AutoTrade. Those who already have an account with Iron Fx also need to contact a company member if they wish to join the Autotrade platform.

Similar to other social and copy trading platforms, Autotrade offers opportunities to copy the successful trading strategies of expert traders. However, while most of the other copy trading platforms aim to help investors with no experience participating in the financial markets, Iron FX Autotrade focuses on supporting the journey of those with a professional interest in trading.

There are two types of members of the Iron FX Autotrade community. They can register as either a Strategy Follower or a Strategy Provider. As the name suggests, the Strategy Followers are the traders with less experience searching to copy trading signals or mirror the trading strategies of more advanced traders.

To narrow their choice according to their own goals and risk appetite, they can use the Leaderboard lists to review the trader’s profiles. Once a Strategy Follower chooses, the Autotrade platform will automatically place the trades based on their settings.

Strategy Providers can earn remunerations based on performance fees when more Followers copy their signals or strategies.

Iron FX Autotrade Customer Experience Review

Iron FX is a reputable broker with many clients globally. They offer many different trading opportunities, which enables traders with different profiles and styles to join them. Autotrade is only one of the various services provided by the company. Traders can enjoy a cutting edge platform with comprehensive tools and features.

However, if you are an investor with no trading experience, we suggest searching for another opportunity where you will be offered a more intuitive and easy-to-understand system. Such opportunity, for example, is Earnex Exchange, where investors simply pick a trader of choice and copy the trading
performance onto their account.

Advantages and disadvantages of Iron FX Autotrade:

Advantages:

► Comprehensive trading platform

► Many strategy providers

Disadvantages:

► Suitable for traders with some knowledge and level of experience