IronFX Review

IronFX is an online broker with its established operation in the EU, Australia and worldwide through its registered brand in Cyprus.

Is IronFX a regulated forex broker or a scam?

No, it is NOT SAFE to trade with IronFX. While we checked the company there is no authorization or registration of the address, therefore the company seems to be highly suspicious while might operate its services from an absolutely different location.

The IronFX Group authorized and regulated by the competent authorities CySEC, FCA, ASIC and FSP with allowance to provide its services within the EEA zone through its paralleled registration with various EU authorities and other world jurisdictions.

• Limassol, Cyprus Regulated by CySEC – no. 125/10; ASIC – no. 417482; FCA – no. 585561.

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

However, there are numerous misleads that in fact shows the story from another side, recently the company changed a registered corporate name to Notesco Financial Services, which causes regulation questioning along to other existing issues.

Regardless to the licenses, which should prove a reliable IronFX status, the Broker had cases over the past couple of years with the withdrawal delays or well handling, numerous clients’ complaints and in compliance with the registration requirements. ]

In addition, during the investigation of the cases, due to a large number of the clients’ dissatisfaction, the CySEC found a lack of professionalism in the calculations that caused not fair customer conditions to the benefit of the brokerage.

“IronFX was announced to a collection of a 335,000€ based on the investigation against cheating clients” CySEC, 2015 After these findings, the 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 means it’s is not recommended to open an account with IronFX and put a capital in high risk as of the broker’s lack of the professionalism to handle operations.

We advise to choose only reliable companies to invest with. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as AvaTrade and XM.com.

You can also share your trading experience with IronFX by commenting on this review.