IronBeam-Overview of Minimum Deposit, Spreads & Leverage

General Information

IronBeam is a futures broker, platform, and FCM (a registered Futures Commission Merchant) providing cutting-edge tech, support, and clearing services to traders worldwide. IronBeam offers multiple trading platforms and products and have exclusive access to the firetip trading platform.

Account Types

Here IronBeam offers quite a few trading accounts to satisfy different investors trading needs and strategies. See the following account types:

• Individual Accounts

• Joint Account

• IRA

• Corporate/LLC

• Trust Accounts

• Partnership Accounts

Margins

The day margin is set by Ironbeam. This is the amount required per contract to trade on an intraday basis. Day margins are in effect during all market hours except the last 10 minutes preceding the market close. The exchange margin is set by the exchange, and it is the amount required to carry a position past the market close. Exchange margins are believed to be accurate but can change without notice. Exchange margins last updated 02/07/2022. Here we take Micro Futures Contracts as an example:

Commission Rates

Ironbeams rates are determined by a number of factors including volume, risk, and leverage. For a detailed commission rate you can reached a licensed account specialist at 312-765-7200 or email them at sales@ironbeam.com.

Trading Platforms

When it comes to trading platforms available,Ironbeam offers quite a few platform in addition to its proprietary platform-The Ironbeam platform (which was built for the modern futures traders). They also include CQG, CTS, TRADINGVIEW, SIERRA CHART, BOOKMAP, MULTICHART, Motivewave, BOOKMAP and more. All of the platforms are offered at-cost. Ironbeam promises that it does not add fees on top of what the vendor charges.

Deposit & Withdrawal

In terms of payment methods, you can deposit funds via wire transfer, ACH, or Checks. Wires are the quickest funding method. Check typically take three business days to clear and ACHs take five business days to clear. You can send funds via a foreign currency however it will be automatically converted by Ironbeams bank upon receiving the funds. There are some fees charged for certain services:

-Wire Transfer Out (Domestic): $40

-Wire Transfer Out (International): $60

-Check Issued Overnight (International) : $60

-Risk Liquidation: $50 per contract

-Stop Payment/ Insufficient Funds/Returned Item fee: $45

-Account Transfer Out: $100

Telephone Orders: $50 per order placed or modified (cancellation is no charge)

Customer Support

Ironbeam customer support hours: 24 hours Monday to Thursday. Closed at 4 pm CST Friday. Opened at 4 PM CST Sundays. They can be reached through 1-800-588-9055, 1-800-341-1941, as well as email: clientservices@ironbeam.com.