Accounts, opening and eligibility
Sections ↑Ironbeam provides direct exchange-futures accounts as a US futures commission merchant. This profile uses Ironbeam’s own retail terms. An account introduced through another broker can have a different commission or service schedule even when Ironbeam carries it.[1][10]
Reference table01
Opening choices
| Attribute | General direct account | IRON commission promotion | API access | IRA |
|---|---|---|---|---|
| Funding requirement | No stated opening-deposit minimum | New deposit of at least USD 1,000 | At least USD 1,000 live account balance | Custodian and account approvalSource 2Source 8Source 12Source 7 |
| Purpose | Trading still requires the margin and fees for the chosen contract. | Use the published promotional code and confirm acceptance of the quoted rate. | Required even to obtain simulation API access. | A self-directed IRA may trade futures through an accepted custodian.Source 2Source 8Source 12Source 7 |
Account comparison02
Legal account forms
| Ownership form | Application distinction |
|---|---|
| Individual or joint | Personal account application; joint ownership requires the appropriate joint form.Source 3 |
| Corporate / LLC or partnership | Entity account application with the requested ownership and authorised-person information.Source 3Source 4 |
| Trust or IRA | Separate legal or retirement-account documentation; a general individual application does not establish trading authority for the structure.Source 3Source 7 |
Process03
Account opening before live trading
| Stage | Published process |
|---|---|
| Apply | Complete the online application. Review normally takes one to two business days; additional-document requests can extend this.Source 4 |
| Address verification | Use a current driving licence, utility bill, mortgage or lease. Bank statements and mobile-phone bills are not accepted as address evidence.Source 5 |
| Residence check | Ironbeam accepts applicants from many countries, but requires direct confirmation that a particular country is supported.Source 6 |
| Funding and permissions | Wait for account approval and use the enabled funding and platform instructions for that account.Source 4Source 24 |
Products and contract sizes
Sections ↑Specifications04
Representative contract exposure
| Contract | Size of one contract | Outright tick |
|---|---|---|
| MES — Micro S&P 500 | USD 5 × index | 0.25 point / USD 1.25Source 37 |
| MNQ — Micro Nasdaq-100 | USD 2 × index | 0.25 point / USD 0.50Source 37 |
| MGC — Micro Gold | 10 troy ounces | USD 0.10/oz / USD 1.00Source 39 |
| MCL — Micro WTI crude | 100 barrels | USD 0.01/barrel / USD 1.00Source 40 |
| 6E — Euro FX | EUR 125,000 | USD 0.00005/EUR / USD 6.25Source 38 |
Availability05
Market and exchange access
| Area | Published scope |
|---|---|
| CME Group | CME, CBOT, NYMEX and COMEX futures and options; Ironbeam appears in the exchange’s clearing-member list.Source 18Source 30 |
| International venues | ICE Futures US, ICE Futures Europe and Eurex are listed. The FCM disclosure identifies Phillip Capital for access to non-CME exchanges.Source 18Source 29 |
| Asset groups | Equity indices, rates, currencies, energy, metals, agriculture and cryptocurrency futures appear in the contract schedule.Source 19 |
| Delivery and expiry | Micro index futures settle in cash; Micro WTI also cash-settles. Other contracts can create delivery obligations, so check the exact expiry and broker cutoff.Source 37Source 40Source 39 |
Commission plans and ongoing costs
Sections ↑Pricing & charges06
Published IRON promotional commission
| Contract category | USD per contract per side | Qualification |
|---|---|---|
| CME Micro equity-index futures | 0.39 | New account promotion with at least USD 1,000 deposited and code IRON.Source 8Source 9 |
| Standard futures | 0.99 | Same published promotion; other transaction charges remain payable.Source 8Source 9 |
| Other Micro products or accounts | Obtain the product-specific quote | The 0.39 offer is expressly for Micro equity-index contracts; it does not establish the MGC or MCL commission.Source 8Source 10 |
Pricing & charges07
Software, data and administrative budget
| Item | Published charge or treatment |
|---|---|
| Ironbeam native platform | No subscription fee under the published direct offer.Source 8 |
| Native CME market data | Level 1 and Level 2: free for non-professionals on Ironbeam’s platform.Source 11 |
| Other-platform non-professional CME Group data | Level 1: USD 3 per exchange or USD 9 bundle; depth: USD 15.50 each or USD 41 bundle/month.Source 11 |
| General account maintenance | No maintenance fee; the commission quote varies with account and volume.Source 10 |
| Phone instructions | USD 5 per placed or modified order; cancellations are free.Source 11 |
| Returned payment or stop payment | USD 45.Source 11 |
Pricing & charges08
API cost depends on usage
| Access | Published requirement and cost |
|---|---|
| Active-trader access | At least five contracts traded/month: no API access charge.Source 12 |
| Development / low activity | Below that threshold: starting at USD 249/month; use-case quotation applies.Source 12 |
| Standard simulation API | Ten-minute delayed data. The USD 1,000 live-balance requirement still applies.Source 12 |
| Simulation with real-time data | USD 99/month add-on plus applicable market-data charges.Source 12 |
| Enterprise | Custom infrastructure, throughput or service arrangements are quoted.Source 12 |
Platforms, margins and risk procedures
Sections ↑Platforms & products09
Platform and connection options
| Tool | Useful capability | Access basis |
|---|---|---|
| Ironbeam app | Desktop, web and mobile trading | Native Windows/Mac software plus iOS and Android apps.Source 14Source 15 |
| TradingView | Chart-based order entry | Open and fund the Ironbeam account, then connect through TradingView with the supplied Ironbeam credentials.Source 16 |
| API | REST requests and WebSocket streams for orders, positions, balances and market information | Requires approved funded-account access; the separate API tariff applies.Source 13 |
| Demo | USD 50,000 simulated starting balance | Simulated fills and fee treatment are not an audited live trading record.Source 17 |
Pricing & charges10
Published day margins
Process11
When reduced margin stops applying
| Event | Required action or consequence |
|---|---|
| Last 15 minutes before market close | Day margins cease to apply. Check the current exchange/overnight requirement in the live platform before carrying a position.Source 19 |
| Margin call | Reduce positions sufficiently or add cleared funds; the margin-call notice does not guarantee time to arrange a slow transfer.Source 21 |
| Inadequate collateral | Ironbeam can liquidate without further notice. Margin is performance collateral; it does not cap loss or erase a remaining debit.Source 22 |
| Forced liquidation | Published risk-liquidation fee: USD 50 per contract.Source 11 |
| Delivery exposure | Delivery: up to USD 250/contract plus costs. Holding a deliverable position on the day before last trading without a bona fide hedging purpose: USD 100/contract.Source 11 |
Funding, withdrawals and currency handling
Sections ↑Process12
Deposit methods and timing
| Method | Published terms |
|---|---|
| Bank wire | Funds normally arrive within one business day; wait for the account to show cleared funds before relying on them as margin.Source 24 |
| ACH bank transfer | Initiate inside the Ironbeam application. Published trading clearance is three to four business days; externally initiated ACH transfers are not accepted.Source 23 |
| Cheque | Cheque funding is listed, but collection and availability must be confirmed before a trading deadline.Source 28 |
| Cards and money-transfer intermediaries | Credit-card deposits are unavailable. The deposit guide rejects Wise and Revolut remittances.Source 28Source 23 |
| Foreign currency | The receiving bank automatically converts it. Ironbeam does not promise a favourable conversion rate.Source 27 |
Process13
ACH money is not immediately withdrawable
| Restriction | Practical effect |
|---|---|
| Ten-business-day hold | ACH deposits remain subject to a separate withdrawal hold after funding.Source 23 |
| First 60 calendar days | Withdrawals of those funds must return electronically to the originating bank account.Source 23 |
| Available amount | Withdrawal processing uses sufficient margin excess on the prior day’s account statement.Source 26 |
Pricing & charges14
Withdrawal method and fee
| Method or item | Published amount or process |
|---|---|
| Request | Submit through the account portal; the withdrawal guide lists wire or cheque.Source 25 |
| Outgoing wire | USD 40 domestic; USD 60 international.Source 11 |
| Ordinary cheque | No withdrawal fee; overnight delivery costs USD 40 domestic or USD 60 international.Source 11 |
| Processing cutoff | Eligible requests received before 12:00, published as CST, are sent the same day; bank receipt takes additional time.Source 26 |
| Transfer to another broker | USD 100 outgoing account-transfer fee, separate from an ordinary cash withdrawal.Source 11 |
Regulatory status and funds protection
Sections ↑Protections & eligibility15
Who carries the account
| Area | Established scope |
|---|---|
| Legal counterparty | Ironbeam Inc, NFA ID 0415708. Official BASIC matched the legal name to current CFTC FCM registration and approved NFA membership.Source 1 |
| Exchange membership | CME Group lists Ironbeam as clearing member 972 for CME, CBOT, NYMEX and COMEX.Source 30 |
| Customer collateral | The June 2026 disclosure separates US futures customer segregation from the foreign-futures 30.7 account class.Source 29 |
| Insurance | There is no industry-wide fund insuring a customer-funds shortfall on FCM insolvency. Segregation is not a fixed compensation entitlement.Source 31 |
| Foreign-market and loss limits | Foreign custody can delay recovery and add insolvency costs. Futures trading can also produce a debit beyond the initial deposit.Source 29Source 33 |
Support, outage dealing and complaints
Sections ↑Official contact routes
Live-account trade deskTelephone
+1 312 765 7250Source 32
Scope Execution and technical assistance for live account holders
Hours 24 hours while futures markets are open
New accounts and general enquiriesTelephone
Trading supportEmail
ComplianceEmail
Knowledge baseWebsite
Process16
Dealing when the platform is unavailable
| Situation | Published route and responsibility |
|---|---|
| Connection or system failure | Report the problem to Client Services and use the order desk until the problem is resolved.Source 33 |
| Unconfirmed instruction | Confirm fills, live positions and working/cancelled orders with the desk before sending replacement instructions; failed acknowledgements can occur before or after submission.Source 33 |
| Telephone charges | Normal desk placement/modification fees remain relevant; cancellation itself is free under the fee schedule.Source 10 |
| Unresolved complaint | Escalate to compliance. The FCM disclosure also identifies CFTC, NFA and CME complaint routes.Source 29 |
Automation and professional services
Sections ↑Availability17
Additional services
| Service | What the evidence supports |
|---|---|
| Algorithmic trading | The native API supports custom order and data workflows; the trader’s software must manage state, rejections and positions.Source 13 |
| Professional infrastructure | Ironbeam Full Stack supplies technology for introducing brokers, trading firms and managed-account businesses. Service and commercial terms are agreed separately.Source 34 |
| Third-party management | Infrastructure for CTAs does not establish a public retail copy-strategy marketplace or a universal disconnect-and-close procedure. Review the manager authority and account agreement.Source 34 |
| Inactive account versus paid access | No general maintenance fee is published. The API activity threshold can still change the cost of a retained connection; no universal inactivity-to-closure timetable was established.Source 10Source 12 |
Company, history and regulatory events
Sections ↑Entities & regulation18
Identity and ownership
| Item | Established information |
|---|---|
| Business history | Founded in 2009; headquartered in Chicago.Source 29 |
| Ownership | Tavage Inc is the sole owner; the disclosure identifies Omid M. Farr as Tavage’s sole owner.Source 29 |
| Recorded DBAs | Farr Direct, Go Futures and Ironbeam Futures appear under Ironbeam Inc’s NFA record.Source 1 |
| Clearing model | The current disclosure describes CME clearing membership and a Phillip Capital arrangement for non-CME access. Older descriptions of Ironbeam as only a non-clearing FCM are outdated.Source 29Source 30 |
Event timeline19
Specific official proceedings
| Date and proceeding | Outcome and scope |
|---|---|
| 2 January 2024 — CBOT notice effective | USD 1,500 fine for inaccurate long delivery-eligible position reporting in November 2023. The notice concerns specified agricultural and Treasury futures reports.Source 36 |
| 17 March 2026 — CFTC reparations initial decision | A customer’s trading-platform, fee and liquidation complaint was dismissed with prejudice. Ironbeam was awarded its USD 3,121.56 account-debit counterclaim; requested attorneys’ fees and collection expenses were denied.Source 35 |
Legal entities & licences
These are source-dated records, not a blanket assessment of the broker. Read each issuer, identifier, status and scope together.
Ironbeam Inc
United StatesSource 1
| Issuer & identifier | Recorded status | Date & scope |
|---|---|---|
| Commodity Futures Trading CommissionFCM; NFA ID 0415708 | Registered | Checked 12 Oct 2026Official NFA BASIC current registration record returned FCM / REG for this exact legal name and identifier.Source 1 |
| National Futures Association0415708 | Registered | Checked 12 Oct 2026Official BASIC membership response: NFA Member Approved; no pending withdrawal flag on the check date.Source 1 |
Sources & further reading
- Current official legal-name, membership and FCM registration match National Futures Association · Accessed 12 Oct 2026
- No general minimum opening deposit Ironbeam · Accessed 12 Oct 2026
- Legal account forms offered Ironbeam · Accessed 12 Oct 2026
- Online application and normal review timeframe Ironbeam · Accessed 12 Oct 2026
- Accepted and rejected proof-of-address documents Ironbeam · Accessed 12 Oct 2026
- Non-US resident application eligibility Ironbeam · Accessed 12 Oct 2026
- Self-directed IRA acceptance and custodian route Ironbeam · Accessed 12 Oct 2026
- IRON account promotion and qualifying deposit Ironbeam · Accessed 12 Oct 2026
- Broker explanation of promotional per-side commissions Ironbeam · Accessed 12 Oct 2026
- Commission quotation, account maintenance and telephone-order fee basis Ironbeam · Accessed 12 Oct 2026
- Current account, data and operational fee schedule Ironbeam · Accessed 12 Oct 2026
- API minimum balance, activity threshold and simulation pricing Ironbeam · Accessed 12 Oct 2026
- REST/WebSocket functions and algorithmic integration Ironbeam · Accessed 12 Oct 2026
- Native desktop and mobile applications Ironbeam · Accessed 12 Oct 2026
- Native trading platform and order management Ironbeam · Accessed 12 Oct 2026
- TradingView account connection instructions Ironbeam · Accessed 12 Oct 2026
- Simulation account characteristics and limitations Ironbeam · Accessed 12 Oct 2026
- Listed exchange access Ironbeam · Accessed 12 Oct 2026
- Day margins and final-15-minute restriction Ironbeam · Accessed 12 Oct 2026
- Initial and maintenance margin information Ironbeam · Accessed 12 Oct 2026
- Actions required after a margin-call email Ironbeam · Accessed 12 Oct 2026
- Margin collateral and liquidation without further notice Ironbeam · Accessed 12 Oct 2026
- Deposit methods, ACH clearance and withdrawal restrictions Ironbeam · Accessed 12 Oct 2026
- Funding methods and wire timing Ironbeam · Accessed 12 Oct 2026
- Portal withdrawal methods Ironbeam · Accessed 12 Oct 2026
- Prior-day excess and withdrawal processing cutoff Ironbeam · Accessed 12 Oct 2026
- Automatic bank conversion of incoming foreign currency Ironbeam · Accessed 12 Oct 2026
- Card funding is unavailable Ironbeam · Accessed 12 Oct 2026
- FCM disclosure dated 2 June 2026 Ironbeam · Accessed 12 Oct 2026
- Current CME Group clearing-firm membership list CME Group · Accessed 12 Oct 2026
- Customer-funds shortfall and insolvency framework Futures Industry Association · Accessed 12 Oct 2026
- Live-account desk and general support Ironbeam · Accessed 12 Oct 2026
- Alternate dealing during technical failures Ironbeam · Accessed 12 Oct 2026
- Infrastructure for professional firms, introducing brokers and CTAs Ironbeam · Accessed 12 Oct 2026
- Customer reparations initial decision, 17 March 2026 Commodity Futures Trading Commission · Accessed 12 Oct 2026
- CBOT position-reporting fine, effective 2 January 2024 CME Group · Accessed 12 Oct 2026
- Micro E-mini contract multipliers and outright ticks CME Group · Accessed 12 Oct 2026
- Euro FX contract size and price increment CME Group · Accessed 12 Oct 2026
- Gold and Micro Gold contract sizes and ticks CME Group · Accessed 12 Oct 2026
- Micro WTI cash settlement, size and tick economics CME Group · Accessed 12 Oct 2026
This profile reports dated public information, including broker-published services and terms. It does not independently test or guarantee execution, pricing or withdrawals. Inclusion is not an endorsement. Permissions and protections apply only to the named legal entity, service and client category; check the current official records and your contract.