IronFX adds a 20% notional credit on each qualifying deposit, capped at US$2,000, to boost your trading margin, but the credit itself is never withdrawable.
Researched and rated by the BrokerBonuses editorial team · Last verified 2026-06-07 · How we rate
Risk warning: Trading carries a high risk of losing money, especially with leveraged products such as CFDs. A bonus does not reduce that risk. Only deposit what you can afford to lose.
Value rating breakdown
Availability
Checking availability…All countries except those restricted
The catch
The bonus credit can never be cashed in or withdrawn (T&C para 8). On any withdrawal or internal transfer, IronFX removes a sum equal to the granted bonus before paying out, so only your own deposit plus realized profits leave the account.
How to claim
- Open a trading account at IronFX.com (not through an Introducing Broker).
- Deposit at least US$100.
- Within 5 business days of each deposit, send a bonus request from the IronFX Client Portal.
- Request the bonus before you start trading the deposit, or you forfeit it for that deposit.
Full review
The 20% Iron Bonus tops up every qualifying deposit by 20%, up to a maximum of US$2,000 per client. The minimum deposit to qualify is US$100, which earns just US$20 of credit, so the headline $2,000 figure only applies to a single deposit of US$10,000 or more.
The credit is a notional sum added to your equity. It raises your usable margin but does not become real cash you can take out. The catch is in how withdrawals work. The bonus cannot be cashed in. When you ask to withdraw funds or transfer between IronFX accounts, the broker first removes a sum equal to the bonus it granted, so you only ever withdraw your own deposit plus realized profits.
If your margin level hits the stop-out point, the bonus is fully reset to zero and can drag the rest of your positions toward stop-out with it. There is no published lot or trading-volume requirement to unlock the credit, and IronFX states it may withhold, cancel, or remove the bonus at any time at its sole discretion.
Eligibility is broad but excludes a long list of countries (including the US, Australia, India, Indonesia, Turkey, Russia, and many others) and excludes STP/ECN, zero fixed spread, Vantage, and Privilege accounts. Accounts funded through an Introducing Broker do not qualify.
You must request the bonus from the Client Portal within 5 business days of each deposit, and before you begin trading that deposit. The offer has run since 1 January 2023 for an indefinite period.
Pros
- +Low US$100 minimum deposit to start
- +20% credit applied to every qualifying deposit, not just the first
- +Extra notional margin can cushion open positions
- +No lot or trading-volume turnover required to withdraw profits
Cons
- −The bonus credit can never be withdrawn, only your deposit and profits
- −Bonus is subtracted from your balance the moment you request a withdrawal
- −Resets to zero at stop-out and can accelerate position liquidation
- −Long list of excluded countries and excluded account types
- −IronFX can cancel or remove the bonus at any time at its sole discretion
- −BVI entity, lighter regulatory protection than EU/UK tier-1 brokers
20% deposit credit with IronFX
Now you know the terms. Claim it on the broker's own site.
Sources & verification
We research every bonus from the broker's official pages and re-check it on a 60-day schedule.
Confirmed against official sources: Bonus amount, type, status, Withdrawal terms, Minimum deposit, Turnover requirement, Account type, Restricted countries, Eligible countries.
Broker regulation: FCA (license 585561), CySEC (license 125/10), FSCA (license 45276), FSC (license SIBA/L/24/1175).
- Bonus terms and conditions: shared.ironfx.com ↗
- IronFX official site: ironfx.com ↗
Last verified 2026-06-07. Next review within 60 days.