IRONFX is a company that specializes in online trading. In fact, according to their website, they are the global leader in online trading. On their website you can trade forex, spot metal, stocks, and futures. This article will go into detail about each of those. And to clarify, these trades are done over the internet, hence the name “online” trading.
So, now that you know the basics of online trading, it’s time to talk about one of the most popular services that IRONFX offers. That service is Foreign Exchange trading, or forex for short. In fact, forex is not only the most popular service that IRONFX offers, it is also the largest market in the world in terms of online trading. Their basic purpose is to determine the relative balances of different currencies and then make it easier to trade internationally. For example, allowing a trade between someone from Britain and someone from the U.S. by converting British pounds to U.S. dollars.
Another service IRONFX offers is spot metal trading. That is basically trading gold and silver. Spot metal trading is similar to forex trading because investors take short or long positions of the metals prices. There is also no centralized marketplace for spot metal trading, and as a result of that trading is accessible 23 hours a day and 5 days a week.
So, now for the most well known service they offer, shares trading. This should quickly explain the difference between stocks and shares. Stocks are a general term that can be used anytime people buy a share in a company. Shares are more specific to the company. So an investor would either say: “I own stocks in multiple companies” or “I own shares in Apple.” IRONFX offers reliable platforms in which investors can trade stocks. The most common way people trade stocks is with short and long positions. If you think the value of the share is going to drop, you would take the short position, or in other words, sell. If you think it is going to rise, you would take the long position, or buy.
The last service that will be discussed in this article is futures. Futures are trading instruments for people that are looking for a more flexible and diverse portfolio. Basically, people trading futures can make a profit from the price margin before the closing date of a future instrument, making this a better deal for some investors.
So, if you are interested in online trading, there are other companies that you can use besides IRONFX. While IRONFX is the one of the leaders there are also some like fxopen.com, 24fx.com, and onlinetrading.com. Keep in mind that those aren’t the only other options, just some of the other top ones.
Now that you know about IRONFX’s industry, you should probably know more about their company specifically, instead of what they do in general. They were founded in 2010, and according to their website, IRONFX.com, they have 16 platforms trading over 3,000 instruments. Also, as stated above, they are supposedly the Global Leader in Online Trading. IRONFX serves over 180 different countries throughout Europe, Asia, the Middle East, Africa and Latin America. They have 20 offices worldwide, and offer support in over 45 languages.
In short their mission statement is to offer a customer-centric trading model with the widest suite of products and the best pricing, execution, and liquidity.
And to sum up their vision, they want to become the number one choice for online trading through round-the-clock service and a great client coverage team.