is iron trade broker to avoid?

By HDU9ja, from Nigeria, May 22, 2020 at 02:18 AM

Love the work you guys are doing here. Top notch. Found iron trade on Google Play. Want to see a review of them on your site. Thanks.

Answer: Hi HDU9ja,

We took a look at the Forex broker Irontrade and we cannot recommend you this firm for investing. It is an offshore broker registered in St Vincent & Grenadines. St Vincent & Grenadines doesn’t have the regulation of Forex activity under its jurisdiction. You can read our detailed article on why brokers from St Vincent & Grenadines should be avoided. Irontrade also mentions about its association with a Cyprus firm Triafor Solutions Limited, however, this company is not regulated by the local financial regulator CySEC. Therefore, Irontrade is an offshore unregulated broker.

In addition, we have found a lot of negative review about withdrawal issues that traders have with Irontrade. This is just one more red flag that means you should avoid this broker. If you are looking for a regulated broker, check our list of Regulated Brokers.

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