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Ironfx victims

Discussion in 'Scam Alerts' started by bigebuy, Sep 17, 2017.

  1. bigebuy

    bigebuy Recruit

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    We need all victims to report the case to authorities (ESMA, EC, CySeq, FOS) At least1000 victim needed to increase the pressure on authorities, and to make successful actions. It's important to spread this over the world!
    Send mail:EO@ombudsman.europa. eu,info@esma.europa.eu ctr...

    "Respected Authority,
    Respected European securities and Market Authority (ESMA)

    This is an individual complaint, I’m a real person with Family living in Hungary.
    I am a damaged client by Cypriot investment firm IronFx Global Ltd. (IronFx).
    IronFx has been withholding my funds since 2015.
    IronFx never provided an individual answer to my complaint.
    My complaints sent to Cyprus regulatory bodies were neither answered nor examined.

    I’m expecting ESMA to continue the investigation regarding IronFX Global Limited!

    The reason to continue this investigation:
    1. IronFx was allowed to file financial statements 2014 which were not properly audited. IronFX Global Limited became bankrupt after 15. January 2015, this was caused by the fact that Switzerland abandoned its currency ceiling,

    2. Compliance Officer and Director Demetris Kyriacou Leaves IronFX, and also most of the employees have left IronFx Global Limited for a good reason:

    IronFX Global Limited has misappropriate 176 million of clients’ money.

    IronFx Global Limited decided to cover this huge amount, by labeling normal traders as "abusive". IronFx withhold deposit and profits of a large number of clients from Europe and third countries. This is unfair and illegal.

    (FXCM Ltd., ALPARI Ltd. rightfully and honestly solved the problem caused by the CHF abandoned currency ceiling.)

    3. In order to withhold my clients' funds, IronFx refers to standard contractual terms that clients have electronically signed, but IronFx contractual terms are void under EU law, since they are "unfair". According to directive 93/13/EEC, standard contractual terms must be "fair" for consumers, in order to prevent significant imbalances in the rights and obligations of consumers on the one hand and sellers and suppliers on the other hand. EU countries must make sure that effective means exist under national law to enforce these rights and that "unfair" contractual terms are no longer used by businesses. Instead of enforcing the above mentioned EU rules.

    4. Cyprus authorities have allowed IronFx to stipulate "unfair" contractual terms with consumers from all Europe. The Financial Ombudsman of Cyprus refers to this provision in order to reject clients' claims in favor of IronFx, but this provision, like many other IronFx contractual terms, is void and not binding for consumers under EU law. Cyprus authorities, which should make sure that unfair contractual terms are not used by investment firms under EU law, have been allowing IronFx to withhold an huge amount of clients' money by accepting these contractual terms as valid.

    Please stop this abuse and make sure that EU law is enforced in Cyprus!


    Let's face the facts:
    · IronFX Global Limited, a Cyprus based company could misappropriate 176 million of clients’ money due to a gap in the EU regulation.

    · ESMA allow IronFX to make business in all Europe under the sole supervision of a couple of Cypriot officials.

    · The Financial Ombudsman of Cyprus is not independent. He cannot work independently because the board of directors is making pressure on him. He further revealed that, since most board members are representatives of the Cyprus Securities and Exchange Commission, of banks, insurance and financial providers, there are conflicts of interest which prevents the body to be independent. The Financial Commissioner has also stated that the office has not sufficient human resource for coping with complaints against Cypriot investment firms, and that there is only one financial arbitrator. Nepotism is also playing major role in Cyprus Ombudsman staff selection. Cyprus is the only country in the EU and in the world where there are 218 Cypriot investment firms and 1 arbitration body which is not independent and not transparent. In this respect, Cyprus does not comply with the Consumer ADR directive 2013/11/EU. The actual facts are they do not have proper required staff so it’s delaying year after year and more important: the CySEC staffs is sitting in the Ombudsman board, so that the entity is not independent. From the Annual Report 2015 of Cyprus Audit Office it is clear that CYSEC staff is interested in protected IronFx.

    · IronFx is insolvent: From Section 3.21 of the Annual Report 2015 of Cyprus General Auditor, it is very clear that IronFx is insolvent and has a debt of € 170 Million in clients’ money. Money belonging to clients from the EU.

    · I would also like to know according to whose arbitrary decision; IronFx is allowed to withhold my (clients) deposited funds for almost 2 years without getting its license revoked by the CYSEC. According to Union Law clients deposited funds explicit belong to clients and an investment firm has to keep those funds segregated and has no authority to withhold those funds, irrespective of circumstance. Audit report also clearly showed since 2015 till today all the efforts carried out by CYSEC is only in favour of saving the IronFx business and this all lead of high level of investor abuse.

    · Till today CYSEC has not taken any steps toward proper Investor protection in IronFx scandal.

    · In fact CYSEC infringed Directive 2004/39 / EC ("MiFiD") article 8 , 13, 16, 17, 50 to save IronFx business.

    · Why is the ESMA, European Commission not referring Cyprus to the European Court of Justice for such infringements, which caused a real damage for investors from all Europe?

    · Cyprus has showed its disloyalty and disrespect toward Union law many times by sharing lie and false information on IronFx scandal.

    · CYSEC has shared many times false information with other European Authorities (ESMA, European Commission)

    · For personal benefit of few Cypriot politicians, CYSEC and many relevant Cypriot authorities are supporting and trying to cover the IronFx scandal and to greater extent, they are abusing Investor protection.

    Summa summarum:

    -How is possible the Ironfx Ltd costumers 80-90 % as an abusive trader by Cysec, while they all can trading everywhere else without any problem? FCA didnt find them as an abusive trader....

    -How is possible only Ironfx Ltd didnt pay back any money to the most of the investors, while others as FXCM Ltd or ALPARI Ltd saved their own costumers from the bankruptcy?

    -How is possible Ironfx Ltd could financed park construction in Cyprus?

    -From where they had the money to sponzored Club Barcelona?

    -Why the bookkeeping is still undercovered?



    I demand you to grant my investor protection as soon as possible!
    I remain at your disposal for any further clarification you may require.

    Date: .. September 2017

    Best Regards
    ............................. from ........................ (EU)"
     
    4evermaat likes this.
  2. 4evermaat

    4evermaat Private, 1st Class

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    Not sure the ESMA will do much, but it is worth a shot. Cyprus CySEC got thousands of complaints and just brush them to the side.
     
  3. IronFX Officer

    IronFX Officer IronFx Representative

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    Dear bigebuy,

    You are kindly requested to provide us with your particulars (i.e.name and account number) in order to allow us to attend to any queries you may have. You can also write to us at support@ironfx.com for any clarifications you may require.

    Thank you
     
  4. 4evermaat

    4evermaat Private, 1st Class

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    @IronFX Officer, so after over 2 years since your brokerage is confirmed as being a scam, you think you can just go around posting request for information and think you will wash away all of your sins? You guys are so brazen with your scam it is disgusting. Not sure why @AsstModerator or FPA even allow IronFx representative to setup any new account or use their old one. RustyFX need to close down and stop giving legitimate brokers a bad name.
     
  5. AsstModerator

    AsstModerator FPA Forums and Reviews Admin

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    Company representatives are always welcome to come in and try to resolve issues. This applies equally to companies which have a Scam label. The FPA always hopes that companies will come back and resolve old issues.

    I have banned some company representatives over the years. This has always specifically been for abusive behavior which violates the rules of the FPA's forums or reviews. As long as IronFx Officer stays within the rules, any attempts to resolve client issues will be welcome.
     
    4evermaat likes this.
  6. IronFX Officer

    IronFX Officer IronFx Representative

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    Dear 4evermaat,

    The IronFX Group of Companies comprises of investment firms authorized and regulated by the competent financial authorities in the UK (FCA no. 585561), Australia (AFSL no. 417482), South Africa (FSP no. 45276) and Cyprus (License no. 125/10). We note that none of the said group companies has received either a fine or penalty by any competent authority nor has any court ruled against any of the group companies.

    The Company has thrived and grown throughout the years and has undoubtedly proven its prominence in the financial services sector despite a number of deliberate unsuccessful attempts by third parties in causing harm and damage to the Company’s interests and reputation.

    Please note that we are indeed commencing an effort to identify and factually respond to all allegations by users of this site. Should you have any specific complain, please provide us with your particulars (i.e.name and account number) in order to allow us to attend to any queries you may have.

    Writing regarding unproven allegations with defamatory language is neither constructive nor beneficial for the users of this website.

    Thank you
     
  7. oscarra

    oscarra Sergeant Major

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    MiFid 2 sure requires some serious clean up, lets see how many Cyprus Licenses will survive.

    ESMA has taken positive actions, their Chair also highlighted EU Households present over ten trillions eur, which however none is willing to invest in any kind of investment scheme or industry’s , hum wonder why :rolleyes:

    This evidently does not please our dear monkey politicians

    At this point, victims watch out for any half recovery deals, as we seen before……..
     
  8. cruzdenis1982

    cruzdenis1982 Recruit

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    HI IRONFX,

    I HAVE THE SAME SITUATION, WITH MY OWN ACCOUNT AND WITH ACCOUNT OF MY FATHER IN LAW. SO, I HAVE TRIED WITHDRAWL A LOT OF TIMES. I YOU WANT TO CHECK BOTH ACCOUNT, PLEASE, DO IT !!!!

    #1
    DENIS EVARISTO DA CRUZ
    ACCOUNT: 16052609
    cruzdenis@gmail.com

    #2
    PAULO RICARDO FIGUEIRO
    ACCOUNT: 11032333
    EMAIL: c2cdescontos@gmail.com
     
  9. IronFX Officer

    IronFX Officer IronFx Representative

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    Dear cruzdenis1982,
    Thank you for providing your details.
    We note that you have not to date, raised any formal query with the Company.
    In regards to the details of the 2nd account provided, we note that the query was attended by the company and a response was sent on the 03 August 2017.
    Regards,
     
  10. Sisi Puntang

    Sisi Puntang Recruit

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    HI IronFX,
    i received information that the reason my withdrawal process of my remaining losing money to be held just because I was identified as abuser. I do not feel as abuser, is it normal for you to give such reason like that to hold someone money?
     

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