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  • ESZ55,812.25+0.42%
  • NQZ520,914.50+0.87%
  • FDXZ519,433.00−0.19%
  • EURUSD1.0847−0.11%
  • GBPUSD1.2733+0.08%
  • USDJPY154.21+0.24%
  • XAUUSD2,648.90+0.63%
  • CLF671.44−1.06%
  • US10Y4.283−0.34%
  • VIX14.62−2.11%
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Established 2011 · London

Direct market access,
priced like infrastructure.

Iron is a multi-asset brokerage built for people who read the fill report. Thirty-plus venues, published commissions, real-time portfolio margin, and no payment for order flow — ever.

Open an accountTour the platform
Client assets segregated
Daily reconciliation
Payment for order flow
None accepted
Proprietary trading desk
None operated

Market snapshot

indicative · 15 min delayed
  • ESZ5S&P 500 Fut5,812.25+0.42%
  • EURUSDEuro / US Dollar1.0847−0.11%
  • XAUUSDGold Spot2,648.90+0.63%
  • US10Y10Y Treasury4.283−0.34%

Figures are illustrative placeholders for this design concept, not market data.

30+
Execution venues

Lit exchanges, MTFs and dark pools across 24 countries.

150+
Order types

Including algorithmic, conditional and multi-leg staging.

99.98%
Platform uptime

Rolling 12-month average across all trading sessions.

<0.9ms
Median ack latency

Gateway acknowledgement, measured colocated.

Illustrative figures for the design concept. Replace with audited operating statistics before launch.

The terminal

One window. The whole workflow.

Watchlist, chart, depth, ticket and blotter share a single grid — so the distance between seeing a price and owning a position is four keystrokes, not four applications.

iron terminal — workspace / default
connected

Watchlist

  • ESZ55,812.25+0.42%
  • NQZ520,914.50+0.87%
  • FDXZ519,433.00−0.19%
  • EURUSD1.0847−0.11%
  • GBPUSD1.2733+0.08%
  • USDJPY154.21+0.24%
ESZ5S&P 500 Fut5,812.25+0.42%
09:3012:0014:3016:00

Order ticket

Side
BUY
Quantity
25
Type
LMT
Limit
5,812.00
TIF
DAY
Route
SMART
Est. commissionUSD 21.25
Transmit

Depth

Bid sizeBidAskAsk size
1425,812.005,812.25118
965,811.755,812.50204
2315,811.505,812.7587
645,811.255,813.00156

Execution blotter

TimeSymbolSideQtyPriceVenueImprovement
14:22:07.418ESZ5BUY255,811.75CME+0.25
14:19:53.902XAUUSDSELL102,649.10IRON-X+0.40
14:04:11.336EURUSDBUY100k1.08468EBS+0.00002

Interface rendition. Prices, sizes, venues and execution figures shown in the terminal are placeholders.

Read the platform specification →

Coverage

Six asset classes. One margin account.

Positions across every product below share a single balance, a single margin calculation and a single statement. No sub-accounts, no manual transfers between wallets.

  • Equities & ETFs

    24 markets

    Direct market access to primary listings and their European and Asian cross-listings.

    • Full depth of book
    • Odd-lot and fractional routing
    • Corporate action handling

  • Options

    17 markets

    Multi-leg strategies staged, priced and routed as a single risk unit.

    • Up to 8-leg combinations
    • Analytical volatility surface
    • Assignment monitoring

  • Futures & Options on Futures

    31 exchanges

    Index, rate, energy and metals complexes with span-based margining.

    • Continuous contracts
    • Roll calendars
    • SPAN & portfolio margin

  • Foreign Exchange

    Interbank

    Streaming interbank quotes with fee transparency on every conversion.

    • 23 currencies
    • Displayed dealing spread
    • Automatic settlement netting

  • Fixed Income

    9 markets

    Sovereign and corporate paper with yield-to-maturity workups.

    • Government bonds
    • Corporate & municipal
    • Ladder builder

  • Funds

    Global

    Mutual funds and money-market sweeps held inside the same margin account.

    • No-transaction-fee list
    • Automatic cash sweep
    • Consolidated statements

Alignment

How a broker earns is how a broker behaves.

Most execution problems are incentive problems wearing a technical costume. Iron's revenue model is deliberately boring, and published in full.

See the full commission schedule
01

We are paid by commission

Commissions, margin financing and a disclosed currency-conversion spread. Three lines, all itemised on your statement.

02

We are not paid by venues

Iron accepts no rebate, no inducement and no payment for order flow. The router optimises for your fill, because nothing else pays it to.

03

We do not take the other side

No proprietary desk, no internalisation against client orders, no market making in instruments you trade.

04

We show our work

Every fill carries venue, timestamp, and price improvement measured against the consolidated tape at order arrival.

Pricing

Published rates. No negotiated exceptions.

Two models — tiered and fixed. Both are on the pricing page in full, with the exchange and clearing pass-throughs itemised separately.

US equity

0.0035USD per share

Tier 1, falling to 0.0010 at scale.

Options

0.65USD per contract

Tier 1, falling to 0.20 at scale.

Account fees

0.00per month

No maintenance or inactivity charge.

Indicative rates for this design concept. Exchange, clearing and regulatory fees are additional under the tiered model and bundled under the fixed model.

Questions

Before you open an account

01Is there a minimum to open an account?
There is no minimum deposit for a cash account. Margin accounts require the regulatory minimum for the jurisdiction in which the account is opened, which is shown during onboarding before you commit any funds.
02How is Iron paid?
Commissions, financing on margin balances, and the spread on currency conversion — each disclosed on the pricing page and itemised on every statement. Iron receives no payment for order flow and does not trade against client orders.
03Which pricing model should I choose?
Tiered pricing is lower for most accounts trading more than roughly 300,000 shares a month. Fixed pricing is simpler to forecast and bundles exchange and clearing fees into one number. You can switch once per calendar month.
04Do you charge for market data?
Delayed data is included at no charge. Real-time exchange feeds are billed at the exchange's own rate with no markup added by Iron; the exact figure appears in the subscription screen before you subscribe.
05Can I connect my own tooling?
Yes. The REST and FIX gateways cover order entry, market data and reporting. API credentials are scoped per key and can be restricted to read-only, and every call is logged in the account audit trail.

Next step

Open an account, or ask us something difficult first.

Onboarding takes about fifteen minutes and requires proof of identity and address. Nothing is charged during application, and the account can be funded later.

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