IroTradex-Overview of Minimum Deposit, Leverage, Spreads

General Information

IroTradex is allegedly a Saint Vincent and the Grenadines-based broker that provides its clients with web-based trading platforms, low spreads on over 180 tradable assets and a choice of six different account types.

Market Instruments

IroTradex advertises that it offers more than 180 trading instruments in financial markets, including stocks, currencies, indices, commodities and cryptocurrencies.

Account Types

There are six trading accounts offered by IroTradex, namely Start, Bronze, Silver, Gold, Platinum and VIP. Opening a Start account requires the minimum initial deposit amount of $250, while the other five account types with the minimum initial capital requirements of $4,001, $15,001, $60,001, $100,001 and $500,000 respectively.

Spreads & Commissions

Spreads and commissions are significantly influenced by what type of accounts traders are holding. Clients on the Start, Bronze or Silver account can experience the standard spreads and opening commissions, while of which the Gold account is zoomed out, the Platinum account is low and the VIP account is minimal. To be more specific, the spread for AUD / CAD pair is 3.8 pips on the MIni account, 3.3 pips on the Standard account, 3 pips on the Silver or Gold account and only 2.3 pips on the Platinum account. Note that commissions may be charged depending on the number of transactions made by clients.

Trading Platform Available

When it comes to trading platforms available,IroTradex gives traders two choices: XCritical and Mobile platforms. XCritical is advertised as a new classic of profitable trading, featuring with convenient interface, better transaction security and high speed of order execution, as well as online quotes and charts, support chat, one-click trading functionality, and the new Autochartist software for quick technical analysis. While Mobile version of the platform can make trading more convenient, therefore traders can trade anywhere, anytime.

Deposit & Withdrawal

From the logos showed at the bottom of home page on IroTradexs official website, we found that this broker seems to accept deposit and withdrawal via VISA, MasterCard, Neteller, orangepay, Skrill and Bank Transfer.

Customer Support

IroTradexs customer support can be reached through phone: 48122518051, email: support.pl@irotradex.com, Skype:support.pl@irotradex.com, Chat bot or send messages online to get in chat. Company address: Prometheus LTD, Ajeltake Road, Ajeltake Island, Majuro, Marshal Islands MH96960.