IRA CROWN-Overview of Minimum Deposit, Spreads & Leverage

General Information & Regulation

Established in 2020, IRA CROWN Company Limited (“IRA CROWN”) is an online forex and CFD broker registered by the Financial Services Authority (FSA) of St. Vincent and the Grenadines, with registration number 25527BC2020. Registered office: 305,Griffith Corporate Centre ,St. Vincent and the Grenadines. IRA CROWN say it offers diversified trading products with competitive spreads, leverage up to 500:1, as well as 24/5 multilingual customer service.

Market Instruments

With IRA CROWN, traders can get access to forex trading, Metals trading, Energies Trading, Indices trading, Crypto Currency trading as well as Commodity trading.

Account Types

There are three real trading accounts on offer: Classic, Standard, VIP. The Classic and Standard account requires a minimum initial deposit of $100, which is reasonable for most regular traders who dont want to inject high capital amount for the first time. When it comes to the most expensive account, the VIP account, traders need to pat at least $10,000 to open this account.

Leverage

Trading leverage offered by IRA CROWN is way too high, reaching up to 1000:1. Most UK, Australian brokers can only offer maximum leverage up to 30:1 to protect retail investors. Facing such high leverage, investors should keep in mind that leverage can amplify gains as well as potential risks.

Spreads & Commissions

Spreads and commissions are greatly affected by what trading accounts you are holding. The spreads offered by the Classic Account starting from 1.2 pips, charging no commission. Other two accounts, Standard and VIP charge an additional commission of 8 USD and 7 USD per lot respectively, offering spreads as low as 0.1 pips.

Trading Platforms Available

When it comes to trading platforms available, IRA CROWN offers both MT4 and MT5 trading platforms, available on Windows, iPhone, Android and MAC devices.

Copy Trading

IRA CROWN offers CopyTrader™ , allowing investors to views what real traders are doing in real time and copy their trading automatically. There is no additional charge for copying another trader or traders. You will still be charged spreads on the trading and/or transaction fees where applicable. The minimum amount required to copy a trader is $200. Please note that there is a minimum amount for each copied position of $1. Positions not meeting the $1 minimum will not be opened.

Deposit & Withdrawal

The minimum deposit is $100. With regard to payment methods available, IRA CROWN does not make this part clear. It only states it will offer fast deposits and withdrawal online.

Customer Support

There is “Contact Form” displayed on the IRA CROWN website for you to fill in some contact information, then waiting to be contacted. You can also follow this broker on some social media platforms including Facebook, Twitter, Instagram, and WhatsApp.