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IronFX Review 2021 Stay Away From This Scam Online Broker

There are many things to consider- from the initial planni … If you are interested in even more business-related articles and information from us here at Bit Rebels, then we have a lot to choose from. If you’re a beginner, the broker is quite a better place to start with. The currencies in which you can deposit depend on the payment method you chose. The main currencies, which are covered, are USD, EUR, GBP, AUD, JPY, CHF, PLN, RUB, and HUF. Whether your capital is at risk or if there are any confusing fee structures.

  • Please read IronFx reviews below before investing with this broker and share your own live trading experiences with your fellow traders.
  • This system is user-friendly, quick to process orders, and includes online news, charts, and activity reports.
  • Each clients account is provided with a unique code which is used to ensure that the funds are only for the funding purposes.

The award-winning trading platforms available provide an automated risk-management system to ensure that client accounts will never go negative. I tell them to verify the account with the driver’s license. Selecting the withdrawal option tells you that the server is not available for any means of withdrawal. It is still very difficult to operate with this broker because the spreads are too high. For a person who is just starting to operate it is very difficult to generate profits…

Gold Price Forecast: XAUUSD could hit the recent high of $2,070 – TDS0 (

You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. IronFX focus business on Metra Trader 4 which is the most preferable platform from the majority of traders from all over the world. It is available on PC, MAC, Mobile, Tablets as well as web version which provides three trade execution modes . In addition, several technical indicators and various Expert Advisors as well as advance charting package are available by using this platform. IronFX offers to clients the ability to trade in more than 130 currency pairs, oil and energy products, spot metals, agricultural commodities and a wide range of CFDs on indices, as well as stocks.

Money can be deposited through Debit/Credit Card, Bankwire, Skrill, Neteller and various other payment methods. Considering the technology of 21st century, IronFX allows you to trade even if you are not at work and keep an eye on the financial market. The mobile application is easy to be used and it has almost the same features with the Desktop MT4.

On the other hand, Web Trader 4 only supports Windows & Mac PC environment. The latest business news with Business Mole – an independent business news portal for startups, SME’s and growing organisations. Thus, all its work is under proper regulation, and this makes it a legitimate broker without any IronFX scam operations. Notesco Limited is registered in Bermuda with registration number and registered address of Clovelly, 36 Victoria Street, Hamilton HM 12, Bermuda. The group also includes CIFOI Limited with registered office at 28 Irish Town, GX11 1AA, Gibraltar. On the other side, IronFX’s proprietary WebTrader software package provides a robust alternative.

IronFX is a popular forex broker rendering its services from 2014 for a smooth trading experience. Ranking high in the financial markets, it has achieved a lot in a short time. The minimum deposit is $100, and the company is offering a welcome bonus – doubling clients’ initial deposit.

Has the Brazilian CVN issued a warning against IronFX?

Our team of industry experts conducted our reviews and developed this best-in-industry methodology for ranking online investing platforms for users at all levels.Click here to read our full methodology. IronFX opened for business in Cyprus in 2010 and has now expanded into more than 180 countries. In addition to EU regulation through the Cyprus Securities and Exchange Commission , they are licensed as a registered LimeFX firm in the United Kingdom, Australia, and South Africa.

IronFX scam

The regulations of authorised bodies, proper licence, registration number, and the next level facilities make it a great choice among traders. Once verified, traders can select the account type and limefx website deposit funds to start trading. For withdrawal, however, traders have to inform the broker in advance. They can write them online through an application and then have the withdrawal of funds.

Furthermore, the charitable work they do is very commendable and good for the community. The broker offers industry leading products and services that I think can be a great option for retail and institutional clients alike. I like how they have strict regulation in multiple jurisdictions and are well respected within the industry. The high quality of their services has been acknowledged by the numerous international awards that they have won over the years. Where many brokers only offer a few accounts, IronFX have a great range of different trading accounts to cater to the needs of many different styles of traders.

IronFX provides 24/5 support, email, and live chat for prospective and existing clients in over 180 countries and in 30 different languages, and in chat was responsive during several contact attempts. A comprehensive FAQ addresses most inquiries while tutorials on trading platforms shorten relatively steep learning curves. Email address and phone numbers are provided for satellite offices in Cyprus, South Africa, and Australia, allowing local contact.

Should I fund this account?

In addition, every broker we surveyed was required to fill out a 320-point survey about all aspects of their platform that we used in our testing. Many of the online brokers we evaluated provided us with in-person demonstrations of their platforms at our offices. Broker research materials have been neglected, generating the biggest black mark in our review. The free IronFX Research app allows clients to look at stock market data, financial viewpoints, and videos in an easy-to-use format. However, stale and outdated information undermines the app’s enormous potential, with the most recent entries going back several years in some cases.

Pricing for Forex, spot, and CFD instruments is average-to-competitive, with significantly lower costs at higher account tiers. There’s no bond CFD coverage but spot, metals, and index products cover the most popular instruments worldwide. And Ireland clients can also place spread bets, although the costs are not fully disclosed. IronFX offers Metatrader 4 and 5 but no dedicated or proprietary trading platform. Social and copy trading options are limited, with no dedicated third-party platform.

The best trading features and several trading opportunities in various trading instruments make it the best. IronFX specialises in forex and CFD trading across a broad variety of assets. While IronFX may be appropriate for traders seeking to trade only in these markets, the absence of stock and option trading outside of share CFDs may frustrate stock and option traders. If you want to trade a broader variety of asset classes, you should seek out another online broker.

IronFX scam

The size of the brokerage is evident as they serve clients in over 180 countries spanning throughout Europe, Asia, the Middle East, Africa and Latin America. They are headquartered in Cyprus with global offices for international clients located across the world in London, Sydney and Johannesburg. Between 74-89% of retail investor accounts lose money when trading CFDs with this provider. The experiences about customer service, deposit, withdraw are not so efficient.

About the business

IronFx is a forex broker blacklisted by Forex Peace Army and declared a scam for its actions against the clients. Discover the truth about the Cypriot Financial Ombudsman and forex broker IronFX and start trading with competitive trading conditions and great support. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.35% of retail investor accounts lose money when trading CFDs with this provider.

We do not provide financial advice, offer or make solicitation of any LimeFXs. Rates, terms, products and services on third-party websites are subject to change without notice. We may be compensated but this should not be seen as an endorsement or recommendation by, nor shall it bias our broker reviews.

These widgets can help you with risk management and calculating fees. I found them a pleasure to use and they saved me time from manually doing some repetitive calculations. This broker will take advantage from you whenever you get profit. Read on to find out why clients’ capital is not at risk with the IronFX broker, the different regulations surrounding it and the various products it offers.

Should you need to contact IronFX about any particular issue, you can go ahead and do so. In fact, IronFX provides native customer support in over 45 languages. Also, the company is offering Autotrader, a robot trading system.

IronFX also offers a free VPS to clients who deposits or maintain a 5000$ balance for the following months. VPS is mostly used by traders using Expert Advisors , giving them the opportunity in trading robots and work more efficiently. When we talk about the services and facilities that traders can benefit from with IronFX, then, in that aspect, it’s an excellent choice.

I am a genuine reviewer you can search for me on Google and I implore you not to have anything to do with this company. They literally just take all your money and try to extort you for more, i lost literally all my money and tried to contact them in many ways where by in the end they blocked me completely. Info i was able to get back about seventy percent of my funds luckily. Please stay careful and do not give your money to these scam artists. IronFX has a consumer rating of 3.4 stars from 53 reviews indicating that most customers are generally satisfied with their purchases. If you already deposited your money with them and they refuse to give your money back, which is very likely to happen, don’t worry, it might be a way or two to get your money back.

Depending on the country where you live, you can search on google to find the regulating agency for Forex brokers in that country. After that, you can prepare a letter or an email describing how you got deceived by them. Make sure you show this letter or email to them and tell them you will send it to the regulating agency if they don’t refund your money. If you do not know where to start, reach us we will help you with this step as well. Depending on the choice of IronFX account types, the client is getting different spread, leverage, and support.

Next morning when I switched on computer and checked things at UMarket Capital trade, I noticed they have taken another, fee of £750 plus £1000. The company may be trying to improve its reputation now but again through bad practices – by publishing fake positive reviews about itself. Now the situation is the same and the complaints about company’s refusals to process withdrawal requests continue. All reviews recommend not to deal with this company and it is confirmed as a pure scam. IronFX is a trading name of IronFX Global Limited that is authorized and regulated by the Cyprus Securities and Exchange Commission .

December 26, 2022

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