category: Unregulated Brokers

Is Turnkey Forex  Scam or Legit Broker?

Turnkey Forex is suspected to be a scam broker as it is an offshore company. TurnKey Forex is a registered trading name of TurnKey Forex Limited and as stated on the website headquarters in Mauritius.

Mauritius is the easiest jurisdiction to open a brokerage, as the opening requires the company to submit an online application, prove initial established capital, pay the applicable fees, and within 2-3 months, the firm is registered. Therefore, it became an offshore zone for shady forex brokers.

Turnkey Forex provides a trading opportunity on STP/ ECN execution model (Check ECN Brokers) to trade 85 currency pairs, CFDs on commodities, ETFs, indices, and shares.

What is Turnkey Forex?

Turnkey Forex provides a trading opportunity on STP/ ECN execution model (Check ECN Brokers) to trade 85 currency pairs, CFDs on commodities, ETFs, indices, and shares.

The company claims to be a technology-driven broker, which enters into liquidation and availability to trade through APIs, Robots along with the VPS hosting for better results and other attractive, sophisticated tools. Moreover, the company seems to be extremely customer-oriented with attractive trading costs as well as employed supportive levels through delivered value with no sales culture or commitment to the safety of funds.

• Although the proposals may seem compatible, brokers of a self-regulatory nature more often target clients outside of the UK, pretending to be reliable and well-established companies. This means it is better to avoid brokers like this, as there is a significant risk of losing investments.

Overall Turnkey Forex Ranking 

Based on the safety and regulation issues we found as a result of our Turnkey Forex research, we do not rank positively Turnkey Forex, based on our Expert Opinion with over 10 Years of experience in Forex Trading.

• Turnkey Forex Overall Ranking is 2 out of 10 based on our testing and compared to 500 other brokers, see Our Ranking below compared to other popular and industry Leading Brokers.

Turnkey Forex Alternative Brokers

As our research of Turnkey Forex showed multiple issues in respect of regulations, here are much better Alternatives to Turnkey Forex with good regulations and excellent conditions. We select Good Brokers and reliable options for your comparison below: 

• eToro – Best for Copy Traders
• Interactive Brokers – Good for Stock Trading
• FXTM – Good for Beginners

Turnkey Forex Deposits and Withdrawals

It is quick and easy to deposit funds into the Turnkey Forex trading account. There is a wide range of payment methods including Credit Cards, Debit Cards, Cryptocurrencies (including Stable Coins), VLoad, and Bank Wire transfers. The minimum deposit with Turnkey Forex is $10. 

The process of withdrawal is simple and straightforward. Traders just need to raise a withdrawal request from the client portal and the request will be processed in a maximum of 24 hours. The minimum withdrawal amount is $10. 

Turnkey Forex Account Types

The broker offers two main account types - ESN and STP. Overall, there are similarities in many aspects. The main difference is that in the STP account the commission charges are included in the spread, while in the ECN account, there are raw spreads and a very low commission. ECN account charges *$1 per lot. For both of the account types, the minimum required account opening amount is $10. Both accounts enable 1:500 leverage. 

Turnkey Forex Review Conclusion

We advise all investors and traders to avoid  Turnkey Forex due to its lack of regulation. Traders should trade with well-regulated brokers such as FP Markets and XM. Rather than putting capital at risk, as well as overall trading experience, it is much better to choose among the companies that have a proven history of compliance with their registered license of reputable authorities. 

• Overall ranking and experience for Turnkey Forex is Negative

Is BECFD Scam or Legit Broker?

BECFD has been suspected as a scam broker. This broker is blacklisted by a well-known regulatory authority and should be avoided. BECFD is owned by BECFD Limited which is an offshore company registered in the Marshall Islands.

• The Marshall Islands is notorious for its practically absent requirements and regulations. Due to the setup cost being low, it does not regulate forex trading. Therefore, it became an offshore zone for shady forex brokers such as MegaTradeFX, Finbitex, and more.

What is BECFD?

BECFD is a Forex and CFD broker, owned and operated by BECFD Limited. The company is registered in the Marshall Islands, an offshore zone where brokers are usually neither regulated nor supervised.

• The website doesn't provide much information about the broker, only two contact phone numbers: British and Austrian. It means that BECFD has been trying to offer its services in these countries, it also means they were trying to do that without being regulated or authorized.
• Moreover, Austria's FMA has recently issued a warning against this firm. We keep reminding traders that dealing with offshore brokers is quite risky as clients have no protection of their funds.

BECFD Review Conclusion

We strongly advise opening a trading account only with brokers regulated by respected world authorities that comply with the required set of rules and a good reputation through the delivered timeframe of operations. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as BlackBull Markets and Pepperstone.

BECFD Update

Our research showed that the BECFD website is unavailable to reach. Besides, there is no evidence of whether the broker operates or not. We recommend avoiding any offshore-based brokers due to their instability and lack of serious regulations. 

Is Swiss Markets Scam or Legit Broker?

Swiss Markets is a 100% fraud company. The broker is registered offshore and does not hold any proper license from a well-known reliable financial regulator. It is NOT SAFE to trade Swiss Markets.

• We actually never advise trading with an offshore broker, since the financial investment service they deliver is not trustable. The reason is simple, the broker may promise the most ever competitive trading conditions or the trading environment, yet the trader has no guarantee from the official entities that oversee the Forex industry. Thus the engagement in trading with such a company means the trader will believe only in the broker’s words, and of course, it is a high risk.
• Swiss Markets was also banned by Spain's CNMV as it is not authorized to provide investment services in Spain. It is always better and safer to trade withthe  reliable brokers licensed by Australia’s ASIC, Cyprus’ CySEC, or UK’s FCA. For example, the license from UK’s Financial Conduct Authority requires EUR 125,000 of capital for the STP license aside from clea nt deposits. Check the list of FCA-ra egulated brokers here.

What is Swiss Markets?

Swiss Markets is a Forex broker and the Brand name of Seychelles-based BDS LTD. There is one more offshore company behind Swiss markets - BDS Markets.

• Both Seychelles and Mauritius are very popular among Forex brokers for their lax regulation requirements.
• For example, The key requirements for the Seychelles license are: domestic company in Seychelles with share capital of USD 50,000 and an operational office in Seychelles. The advantages of this license are speed and low cost.

We wouldn't recommend dealing with offshore regulated brokers, especially when they are banned by regulators in other countries.

Money Withdrawal

All the payment transactions are managed by BDS Markets a Mauritius-registered company and licensed by the Financial Services Commission in Mauritius.

Swiss Markets Review Conclusion

We strongly advise opening a trading account only with brokers that are regulated by respected world authorities comply with the required set of rules and have a good reputation through the delivered timeframe of operations. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as BlackBull Markets and Pepperstone.

Swiss Markets Update

With our recent research we found Swiss Markets website is no longer active, which means the broker s not active and does not propose any trading activity, which is typical within offshore Brokers they come and go very fast which is why they are not reliable. 

Is ExpertOption Scam or Legit Broker?

ExpertOption has been suspected as a scam broker. It is an offshore registered entity with no proper regulation. In addition, there are negative reviews mostly about payouts once the trading amounts are increased. However, since the company is not registered in the EU it does not provide or target clients from the jurisdiction, therefore didn’t receive any official claims or warnings.

What is ExpertOption?

ExpertOption claims to be the leader in the online trading industry through its offering to trade binary options with a trust of more than 8 000 000 clients at their background.  This broker has been around since 2014 and has over 55 million accounts opened since. As it is an international platform, the website is available in 15 different languages. Expert Option offers a wide range of assets to trade including stocks, forex, commodities, and cryptocurrency.

• ExpertOption is owned by EOLabs LLC., which is an offshore company registered in St. Vincent and the Grenadine. The fact is that St. Vincent and the Grenadines is an offshore zone, which does register the financial investment firm, but provides very poor if none requirements for the company operation. That means, the broker is not regulated, not overseen, and does not comply with strict international rules that provide protective measures to the traders.
• The broker also claims to hold the activity with supervision by the FMRRC organization (Financial Market Relation Regulation Center). Although FMRRC is an independent self-regulatory agency that was created to provide a level of regulation for derivative dealers and brokers it has no connection with the Central Bank of Russia, the official regulatory body in Russia, and has very few legal powers in regard to regulating FMRRC regulated brokers.
• The markets, which are targeted by the broker include those who mainly work with initially low deposits since the company limits deposits to a maximum of $3,000. The potential clients include Russian ones, as the website also uses the .ru domain, and the Indian region clients since the customer services also include Hindi-speaking support.

Overall ExpertOption Ranking 

As our research showed multiple issues in respect of regulation and reliability, we do not rank positively ExpertOption, based on our Expert Opinion with over 10 Years of experience in Forex Trading.

• ExpertOption Overall Ranking is 2 out of 10 based on our testing and compared to 500 other brokers, see Our Ranking below compared to other popular and industry Leading Brokers.

ExpertOption Alternative Brokers

Based on the ExpertOption safety issues we found during our research, we suggest much better Alternatives to ExpertOption with good regulations and excellent conditions. We select Good Brokers and trustworthy options for your comparison below: 

• eToro – Best for Copy Traders
• XM – Broeker with Low Minimum Deposit
• Interactive Brokers – Good for Stock Trading

ExpertOption in India

Expert Option is legal in India (Find out top forex brokers in India). There is no mention of any possible legal issues between Indian traders and the broker.

ExpertOption in the USA

The company doesn't provide services to citizens and residents of the USA, Canada, European Economic Area, Switzerland, Israel, New Zealand, Australia, North Korea, Puerto Rico, Singapore, Bangladesh, Indonesia, Russia, Iran, and Yemen.

Deposit & Withdrawal

ExpertOption has a minimum deposit of just $10 on their Micro account. This type of account is usually used for beginners traders. The minimum investment amount on the platform is as low as $1.

• ExpertOption offers many different payment methods including all major credit cards (including Visa and Mastercard), cryptocurrency, and most major e-wallets including UnionPay, WebMoney, Skrill, Neteller, Perfect Money, Yandex Money, Fasapay, and QIWI.
• The minimum withdrawal amount on the platform is also quite low, only 10 USD. The broker usually processes the withdrawals within 2 business days. To withdraw money, ExpertOption offers the same payment methods that are used for deposits such as credit cards, E-Wallets, cryptocurrency, etc.

Apps

The ExpertOption platform is accessible via mobile and desktop apps. Its mobile app is available on iOS and Android and can be downloaded at the Google Play Store or Apple Store. The desktop app is compatible with Windows or Mac.   

Demo Account

ExpertOption offers traders the opportunity to practice strategies and become familiar with the platform with their demo account option. Traders can use this demo account with a balance of $10 000 virtual money in order to be able to evaluate the benefits of the trading platform.

ExpertOption Review Conclusion

As we have concluded from our research ExpertOption is not a good choice for conducting trades due to its unregulated services and the high-risk operation which targets numerous clients. Dealing with an offshore broker most often results in becoming a victim of scams. 

Therefore, it is better to choose among the brokers that are complied with the industry-leading authorities and governmental entities that are backed with customer protection and the provision of legitimate financial services. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and choose brokers such as Pepperstone and TMGM.

• Overall ranking and experience for ExpertOption is Negative

Is Royal Capital Pro Scam or Legit Broker?

No, it is not safe to trade with a Royal Capital Pro as this Forex broker is not regulated. The broker is operated by the GoldTech Media Services OU. The GoldTech Media Services OU is incorporated and located in its registered address in Tallinn, Estonia. Royal Capital Pro serves a wide range of clients while there is a wider offering and targeting to the Arab Gulf states clients. That fact is also quite typical since the Arab world is full of companies and brokers that offer their services without the necessary licensing and authorization as the states are not very strong currently in online trading businesses regulation.

What is Royal Capital Pro? 

Royal Capital Pro was formed in the year 2010. It offers to trade stocks, commodities, currencies, and indexes and claims to be a proven leader in Forex trading.

• Previously the broker stated its base in Scotland, which in fact was just misleading information to confirm presence yet without an actual role, as well there is no authorization from the local authorities to perform financial services or target residents. So, even though the company claims its application to a convenient trading environment and various safety customer protection actions alike, a legally binding policy ensures balances are never negative so that the client will never lose more than what was already invested.
• Another thing that should be a huge red flag for those who want to invest with this broker is the reputation of GoldTech Media Services OU. The company has been blacklisted multiple times under the names of other unregulated brokers such as S2Trade and Glenmore Investments. These brokers along with GoldTech Media Services OU have been blacklisted by the UK’s Financial Conduct Authority: S2Trade in February 2018 and Glenmore Investments in August 2018.

Royal Capital Pro Review Conclusion

We advise all investors and traders to avoid Royal Capital Pro and other unregulated brokers. The lack of information about the broker’s regulations, trading conditions, and contact details should be the biggest red flag for those who plan to invest with the entity. Usually, such companies run investment scams. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as FP Markets and BlackBull Markets.

Royal Capital Pro Update

Our findings showed that Royal Capital Pro is no longer active. The broker’s website is unavailable and there is no evidence of whether the broker operates or not. We recommend avoiding any offshore-based brokers due to their instability and lack of serious regulations.  

Is CentroBanc Scam or Legit Broker?

CentroBanc is a 100% fraud company. The broker is registered offshore and does not hold any proper license from a well-known reliable financial regulator. It is NOT SAFE to trade with CentroBanc. We never advise trading with an offshore broker, since the financial investment service they deliver is not trustable.

• The reason is simple: the broker may promise the most ever competitive trading conditions or the trading environment, yet the trader has no guarantee from the official entities overseeing the Forex industry. Thus, engaging in trading with such a company means the trader will believe only in the broker’s words, and of course, it is a high risk.

What is CentroBanc?

CentroBanc is a broker offering a variety of Forex pairs and CFDs. The company is owned and operated by Sucaba Enterprise Ltd. based in the Marshall Islands.

The Centrobanc itself is located in Liechtenstein and judging from the phone numbers of Customer Support (Italian, English, German and Spanish) is targeting EU residents without being authorized in any of those countries.

• Moreover, the Austrian FMA has recently issued a warning against Sucaba Enterprise Ltd. (CentroBanc) stating that the firm is not entitled to carry out banking transactions in Austria that require a license.
• Also, they emphasize that there is no connection between the operator of the website www.centrobanc.com and Raiffeisen Centrobank AG (a regulated and trustworthy entity).

CentroBanc Review Conclusion

We recommend dealing only with adequately licensed brokers that provide sufficient security to clients' funds. Reliable and well-respected financial authorities such as UK's FCA or Australia's ASIC have strict requirements for licensed brokers (Read about forex trading Australia) and participate in funds compensation schemes (for example, Financial Services Compensation Scheme from FCA that ensures up to 50 000 GBP of the traders' capital). Check the list of FCA-regulated brokers here. We advise to sign in with trustworthy brokers, such as Eightcap and BlackBull Markets.

CentroBanc Update

Our findings showed that CentroBanc is no longer active. The broker’s website is unavailable to reach. Besides, there is no evidence of whether the broker operates or not. We recommend avoiding any offshore-based brokers due to their instability and lack of serious regulations.  

Is Richmond Investing Scam or Legit Broker?

Zurix Corporation Ltd. has been suspected as a scam broker. It operates under the brand name Richmond Investing and is a brokerage firm that provides online currencies and CFDs trading services. The company is registered in the Marshall Islands, an offshore zone, and does not hold any authorization or license to perform financial services. 

What is Richmond Investing?

Richmond Investing is a Forex and CFD broker, it is owned by Zurix Corporation Ltd. Zurix Corporation Ltd. (Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands) provides online trading services via its brand Richmond Investing and its European billing agent based in the United Kingdom.

• It is an offshore broker that claims to be based in Scotland, UK, although it is not authorized or registered by the UK's FCA. Richmond Investing has been using the name of the other firm Richmond Investments Limited, which is authorized to offer, promote or sell services or products in the UK. These are the reasons why Richmond Investing got into FCA's warning list.

Overall Richmond Investing Ranking 

With our revelations on regulations and safety issues of Richmond Investing, we do not rank positively Richmond Investing, based on our Expert Opinion with over 10 Years of experience in Forex Trading.

• Richmond Investing Overall Ranking is 2 out of 10 based on our testing and compared to 500 other brokers, see Our Ranking below compared to other popular and industry Leading Brokers.

Richmond Investing Alternative Brokers

As our research revealed safety issues with Richmond Investing, here we offer much better Alternatives to Richmond Investing with good regulations and great trading conditions. We select Good Brokers and trustworthy options for your comparison below: 

• Dukascopy – Excellent for Shares, Futures Trading
• AvaTrade – Good Instrument and CopyTrading
• InteractiveBrokers – Good for US Trading and Trading of Real Stocks

Deposits and Withdrawals

Richmond Investing offers various deposit and withdrawal options, including Bank Transfer, Master Card, and e-wallets, Skrill, Neteller, PayPal, Maestro.  

• The minimum deposit is $150.

Richmond Investing Review Conclusion

We strongly advise opening a trading account only with brokers regulated by respected world authorities that comply with the required set of rules and have a good reputation through the delivered timeframe of operations. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as BlackBull Markets and Pepperstone.

• Overall ranking and experience for Richmond Investing is Negative

Is FXGiants Scam or Legit Broker?

Based on our research FXGiants is not a safe and secure broker. While we checked the company, we found there is no authorization or registration of the address, therefore the company seems to be highly suspicious and might operate its services from an absolutely different location.

FXGiants is a trading name of Balvento Limited, a registered company in Bermuda, however, which is in fact a subsidiary of the Brokerage group that was affected by a negative reputation and established a company under the new brand name. Registration Address/ License: Bermuda, Cyprus, Australia, UK Regulated by CySEC – no. 125/10; ASIC – no. 417482; FCA – no. 585561.

What is FXGiants?

FxGiants is an international brokerage firm that operates in more than 15 countries. During our research, we found that the parent of FXGiants group brokerage headquarters is located in Cyprus under the name of IronFX Global Ltd and operated under the same entity names and registration numbers, which is worth mentioning changed several times.

• The company changed names while the cases with a number of clients that claimed IronFX for abuse of money withdrawals as well as promotions appeared and spread around the publicity. 

The shifts of brands and subsidiaries of the company emerged in various jurisdictions while targeting to attract new customers under the fresh names.

• “IRONFX GLOBAL (AUSTRALIA) PTY LTD changes entity name to GVS (AU) PTY LTD, with the business names FXGiants, IronFX, FXDD” ASIC, 2016 The new model of operation supposes to align the obligations and the interests of all parties.

Despite that and the fact that the company holds registration licenses from respected authorities in Cyprus, UK, Australia, South Africa, and more, the customers can’t expect an improvement within the provided operational standard of FXGiants, especially client handling. At the same time, a number of legal cases were filed against the parent company when finally the CySEC authority settled the fine to the company.

Overall FXGiants Ranking 

Taking into consideration the safety issues we found based on our FXGiants research we do not rank positively FXGiants, based on our Expert Opinion with over 10 Years of experience in Forex Trading.

• FXGiants Overall Ranking is 2 out of 10 based on our testing and compared to 500 other brokers, see Our Ranking below compared to other popular and industry Leading Brokers.

FXGiants Alternative Brokers

As we found reliability issues with FXGiants, here are much better Alternatives to FXGiants with strict regulations and great trading conditions. We select Good Brokers and trustworthy options for your comparison below: 

• eToro – Good for CopyTrading and Cryptocurrency Trading
• Dukascopy – Excellent for Shares, Futures Trading
• BlackBull Markets – Good for High Leverage Trading

FXGiants Deposits and Withdrawals

FXGiants enables clients to open accounts in a matter of minutes, entering the market and trading instantly without delay. Withdrawals are also made quickly and securely via the FXGiants Hub. 

With FXGiants it is possible to fund the accounts through various methods: credit cards, wire transfers, bitwallet, UnionPay, etc. 

Trading Platforms and Apps

Based on our findings FXGiants offers various trading platforms including:

• MetaTrader4 MT4
• FXGiants Web Trader App
• PMAM
• VPS Hosting

Platforms are user-friendly, MT4 is still a good choice among the majority of traders worldwide with good market analysis. The Apps are suitable for Apple and Android.

PMAM allows traders to manage multiple MT4 accounts while implementing different trading strategies. This is a good solution for those who trade with Expert Advisers. 

FXGiants Review Conclusion 

According to the information we collected via our research, we advise traders to avoid FXGiants because of non-compliance with the regulations and multiple negative feedback from the clients. However, the group of companies still tries to settle an online brokerage operation at a decent level, it is better to avoid investment and engagement in trading with FxGiants and its affiliated companies.

The safety of funds and reliable trading conditions are always a priority in forex trading. For that reason traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as BDSwiss and BlackBull Markets.

• Overall ranking and experience for FXGiants is Negative

Is IronFX Scam or Legit Broker?

Based on our research IronFX is not safe to trade with, as there are numerous misleads and negative points to consider that in fact show the story from another side. For this reason we do not advise trading or opening accounts with IronFX.

• The company changed its registered corporate name to Notesco Financial Services, which causes regulation questioning along with other existing issues.
• Regardless of the licenses, which should prove a reliable IronFX status, the Broker had cases over the past couple of years with withdrawal delays or well handling, numerous clients’ complaints, and non-compliance with the registration requirements. 

What is IronFX?

IronFX is an online broker with established operations in the EU and worldwide through its registered brand in Bermuda, known offshore zone. The IronFX Group is authorized and regulated by the authority CySEC based in Cyprus, therefore may offer services withing EU, also previously group has license in UK from FCA (Check The FCA Regulated Broker Fortrade UK).

The company claims to be one of the most respected online brokerage firms with a wide offering to the investors and multiple, 30+ received global awards which should confirm the reliable status of the company.

• However, in 2015, due to a large number of clients' dissatisfaction, CySEC investigated the cases and discovered a lack of professionalism in the calculations that caused unfair customer conditions to the benefit of the brokerage. 

“IronFX was announced to a collection of 335,000€ based on the investigation against cheating clients”

For now IronFX lost its FCA license too, so after these findings, IronFX still reconciles its statement to perform legal financial investment services due to its current non-compliance relating to the investors’ operation management and performed promotions.

Therefore, it all shows the firm is not only subject to the checks by the highest instances but to the implementation of the corrective measures to ensure investors’ protection before it is safe to engage with the company. Till then it is not recommended to open an account with IronFX and put capital at high risk as of the broker’s lack of professionalism to handle operations. 

IronFX in India

IronFX has no mention of complying with any Indian regulators on its website. The broker is not regulated by any regulatory body in India, that’s why money safety may be the issue here as all operation offered via offshore entity known for scams

IronFX in the USA

The United States is one of the countries that is not accepted by IronFX. As per U.S law, brokers regulated by CFTC are the only brokers allowed for USA traders. So, except for IronFX, you are only permitted to trade with U.S-regulated platforms.

Overall IronFX Ranking 

According to our research that we conducted due to a large number of complaints coming from clients, we do not rank positively IronFX, based on our Expert Opinion with over 10 Years of experience in Forex Trading.

• IronFX Overall Ranking is 2 out of 10 based on our testing and compared to 500 other brokers, see Our Ranking below compared to other popular and industry Leading Brokers.

IronFX Alternative Brokers

Based on our research on the IronFX safety issues,  here we suggest much better Alternatives to IronFX Broker with good regulations and excellent trading conditions. We select Good Brokers and reliable options for your comparison below: 

• XM – Wide Range of Trading Opportunities
• Pepperstone – Low Spreads and Competitive Trading Conditions
• FXTM – Good for Beginners and Good Fees

Deposits & Withdrawals

IronFX requires a minimum deposit of 500 GBP/USD. Payment and funding claims easy-to-use single interface. The available payment methods include Credit cards, Bank Transfer, Neteller, FasaPay, Debit cards, Payoneer. The deposit can take up to 24 hours to be processed depending on the method you choose. Bank Wire transfers can take up to 3 working days, depending on the bank.

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.

IronFX does not charge any fees for deposits, so overal proposal looks decent and good. However, numerous clients reviews with claiims of false withdrawals and non transparency is a serious issue. 

Trading Apps

IronFX offers its traders MT4 Mobile trading options for both iOS and Android. Therefore, Mobile trading with MT4 allows to have complete control over a trading account and trade from anywhere 24/5 which is quite handy.

Traders can perform all order types and execution modes, check the history of the trades, along with interactive symbol charts. The mobile version also provides 3 types of charts: bars, Japanese candlesticks, broken lines, and 9 timeframes from one minute to one month with access to 30 of the most popular technical indicators. So overall, technical part of IronFX is quite strong, yet notwithstanding the fact that only good software is not enough to mark Broker as trustable and good. 

Demo account 

IronFX offers a demo account so you can try the IronFX platform with virtual trading before you put down a payment. The demo account is a great opportunity to practice strategies and become familiar with the platform with their demo account option.

IronFX Review Conclusion  

We advise investors to avoid IronFX and better choose more reliable company to invest with. Even so IronFX is authorized by CySEC, it previously had numerous regulatory issues, also lost some of its licenses and was imposed with heavy fines. For now, main branch operates via International entity based offshore, known for its lack of proper regulation. Besides there are numerous complaints from the traders.

For these reasons, traders should better trade with well-regulated brokers and those who have always a good reputation. There are indeed much better brokers that do not have confusing histories or proposals, in trading money safety always first so it is better to choose Brokers such as UK brokers or brokers in Australia. Like FP Markets and BDSwiss considered great options to start forex trading and make investments with. 

• Overall ranking and experience for IronFx is rather Confusing which is not considered good for Investment purposes