IronFX improves retail and institutional platforms

The innovative platform is enhancing mobile facilities to allow trades from anywhere in the world, anytime

With a new brand design launch, IronFX is entering its third year of operations and is growing at an exponential rate. IronFX has managed to establish itself in a short time as an FX market favourite with its fresh approach to business, innovative trading platforms and products, as well as some of the finest promotions and incentives for trading with them. Success is an integral part of innovation and new methods, hence why at IronFX they have devoted a team of experts to constantly explore new and innovative experiences for clients, both corporate and retail, in order to enhance the trading experience.

The success in this developing and ever-growing FX market is not only an outcome of providing the best possible committed customer support to all their retail traders alike, but also through the launch of dedicated institutional products such as the bespoke White Label partnership. With many companies looking to sign up to a White Label Partnership with IronFX the future couldn’t be brighter. This tailor-made White Label Partnership allows any licenced broker to become an FX powerhouse overnight and offer best-of-market spreads from 0.4 pips, over 140 tradable instruments, instant execution with no slippage or delay and the pioneering “One Account Ten Platforms” functionality with STP/ECN capability.

By delivering the ultimate and most innovative online trading experience and by offering a bespoke trading environment with “One Account, Ten Platforms” trading functionality, cutting-edge trading has become accessible to any trader anywhere in the world, anytime. Offering round-the-clock support in more than 20 languages, combined with the highest standards in trade execution, pricing transparency and advanced trading tools has made IronFX one of the world’s prominent FX Brokers.

In today’s fast-moving world, enhanced mobile trading capability is a must for any serious trader on the go. To cater for these demanding trading needs, IronFX has launched not one but six award-winning mobile trading platforms, catering for all major mobile technologies globally: iPhone, iPad, PDA, Smartphone, Android and Blackberry. All mobile trading platforms provide a fully fledged trading environment including the first globally available mobile access to STP/ECN and the interbank FX market.

Client interfacing systems
In its quest for complete automation, IronFX has partnered with SAP and developed in-house a bespoke, fully-automated, back office and client funding interface ensuring fast and error-free processing of all client requests. Clients have direct access to the pioneering IronFX Client Portal, a single interface for all its clients’ needs, which is seamlessly connected to trading as well as back office. Through the same system, IronFX has also enhanced the capabilities for the many Introducing Brokers by offering a secure connection to their dedicated IB Portal where they have live access through a click of a button to all the information they need.

IronFX also prides itself for being on the forefront of promotions and client offers – with a number of extraordinary offers currently available. For instance, the company has recently launched the single most profitable demo trading competition in the world with thousands of participants and a first place grand prize of $30,000. That’s not all though, every client is a winner with IronFX: any live account has the advantage to receive up to a 40 percent bonus, cash rebate, free iPhone or iPad and free VPS hosting.

IronFX has recognised early on the popularity of Apple devices and was among the first globally to develop in-house bespoke trading applications for the iPad and the iPhone.

Both applications have been approved and quickly added to the AppStore and have been immensely popular with clients ever since. IronFX has a dedicated team of IT experts that are always looking to launch further innovative products as well as capturing instant market trends, when it comes to trading platforms, additional tradable instruments or even cutting-edge technology for robotic trading. As trading technology constantly evolves, one can expect IronFX to remain at the forefront of innovation.

As Albert Einstein once said: “Everything should be made as simple as possible, but not simpler.” This captures the philosophy that is behind technological innovation at IronFX: develop trading tools with extraordinary complexity that are yet accurate, efficient and above of all, easy to use, even to the beginners in trading. IronFX continues to make things simple for each and every one of its clients: from the beginners to the professional traders, each has a personal account manager, taking them step-by-step through the platform, understanding the FX Market, guiding them through the registration stage, through to simple ways to fund accounts, update profiles, change passwords, which are all done through their personal Client Portal. When it comes to White Label Partnerships with IronFX, things cannot be simpler with everything concluded in house by IronFX.
To sum up, since its successful launch IronFX is growing at an astonishing pace. Traders from all parts of the globe are taking notice of the benefits to trade with an innovative and client-centric FX company such as IronFX. Fully licensed and regulated by CySEC (no. 125/10) and registered with the FSA (no. 541486). Fully licensed by the EU competent authorities, IronFX offers maximum security on all clients’ funds by offering a choice of deposit methods, including UBS segregated bank accounts in Switzerland, and secure private data checks. The level of security is also evident in the trading environment whereby clients are offered direct interbank trading access to some of the finest AAA-rated banks in the world with their STP/ECN accounts.

For more information: Tel: +357 25027000; Email info@ironfx.com

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The May – June 2013 Issue

Highest corporate tax
rates in Europe

European countries are scrambling to raise every last penny of funds through taxes. But some countries may have gone too far...

Belgium

Though all business taxes in Belgium can be paid online with little effort and preparation, the rates are still sky-high at 57.7 percent, including a staggering 50.8 percent total rate on profits only in social security contributions.

Belarus

In Belarus, a company spends up to 338 hours annually preparing for and paying ten different taxes and duties. The total tax rate has incredibly been lowered to 60.7 percent, from 117.5 percent in 2008.

France

A company in France pays seven different taxes and duties, the sum of which can amount to 65.7 percent of profits; though President François Hollande has announced a wave of business tax rate cuts coming up.

Estonia

A business in Estonia pays 67.3 percent of profits in tax, 37.2 percent exclusively in social security contributions. The country has gone against the grain in Europe by raising businesses taxes from 48.6 percent in 2008 to the current rates.

Italy

While corporate income tax (IRES) in Italy is limited to 38 percent of taxable profit, a company operating in Italy can expect to pay 14 other taxes and duties, including social security contributions, bringing their total payable tax to 68.7 percent of profits, according to the World Bank.

Norway

Norway taxes motor fuels twice, with a road use tax and a CO2 emissions tax. Combined with strikes in the energy sector that have curbed output, the price of gas at a local pump has soared to $10.12 per gallon.

Turkey

Though Turkey sits on the Suez Canal and neighbours many oil rich countries, the price of a gallon of average gas clocks in at $9.41 in Turkish pumps, because of a 60 percent share of taxes. 

Israel

Like Turkey, Israel is surrounded by oil-rich neighbours, but drills very little itself. Gas prices are controlled by the government, so about half of the $9.28 per gallon goes to taxes.

Hong Kong

There are few gas stations in Hong Kong, but the ones available charge up to 76 percent more per gallon than mainland China, where the government caps the cost of fuel. A gallon at the pumps will cost around $8.61 on the island.

Netherlands

Expensive labour costs make the Dutch petrol prices the dearest in Europe, at $8.26 per gallon; though the 57 percent tax add-ons don’t help.

The credit crisis

8 February 2007
HSBC warns of subprime mortgage losses

2 April 2007
New Century goes bus

14 September 2007
Wholesale markets have dried up

17 March 2008
Rescue of Bear Stearns

7 September 2008
Rescue of Fannie Mae

15 September 2008
Lehman Brothers file for bankruptcy

3 October 2008
US congress approves $700bn bailout

14 February 2009
$787bn stimulus approved by congress

 

The effects of the current financial crisis are global and irrefutable. With the collapse of Lehman Brothers, the domino effect of irresponsible public monetary policies, huge levels of unsustainable debt, and a deregulated financial sector, has escalated to the point where no corner of the globe has been left untouched.

1973 oil crisis

October 1973
Syria and Egypt launch an attack on Israel on Yom Kippur and set off a twenty day war;

1977
US President Carter creates Department of Energy, which develops the US strategic petroleum reserve

 

The Organisation of Petroleum Exporting Countries (OPEC) used their oil reserves as a weapon with the Arab Oil Embargo against those who supported Israel. By January 1974, world oil prices were four times higher than they were at the start of the crisis, especially in the US, and the shock led to a huge drop in the stock market with NYSE losing $97bn in just six weeks.  The embargo lasted five months, and the effects are still seen today.

German hyperinflation

1922-1923

Hyperinflation
1923 – 1924
Stabilisation

 

The trouble began when Germany missed a repatriation payment, worth about one third of the German deficit in this period. Inflation was already high but by 1923 it was raging. Prices doubled within hours, and by late 1923, it cost 200bn marks to buy a single loaf of bread. People burned money as it was cheaper than buying firewood. Germany eventually regained control of its economy when it introduced the Rentenmark into circulation in 1923, and then the Reichmark in 1924.

The Great Depression

1929-1933
The Great Crash
1934-1939
Recovery and Recession

 

After the decadence of the Roaring Twenties, the 1930s saw the biggest economic slump of all time. The stock market crashed on 29 October 1929, and optimism and decadent living tumbled along with the figures. The GDP fell from $103.6bn in 1929, to $66bn in 1934 and the subsequent years of recovery were the most dramatic in US history.

1907 bankers’ panic

1907
Otto Heinze and his brother Augustus Heinze bought shares of United Copper.

 

The stock market was already cautious over the tight money supply, but the US was thrown into a depression after the stock market fell nearly 50 percent from its peak in 1906. The Heinze brothers thought they could influence market shares but ended up bankrupting lenders that provided the financing to buy the stock. A chain reaction left nine institutions bankrupt. By February 1908, the panic was over and the government created the Federal Reserve system, to prevent banks from exercising too much control over the economy.