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Problem IronFx : Whistleblower corner

I am having an issue with a company
Honestly I do not understand why a normal person should open an account with these people, there are so many serious brokers around, who never had any problems, why give to iron the money and then do not sleep at night? Also I think another thing, normally only one person on 10 makes a complaint to the authorities after having undergone a scam, this means that 2500 complaints are just the tip of an iceberg, the real situation is dramatic. Same thing on the forums, probably a small percentage of the scammed exposes his case on a forum, the others perhaps have a not high amount, so they prefer to accept the scam as a wrong operation and wait without doing anything ... If we then talk about lawyers the situation is even worse, 1/100 goes to a lawyer after a scam, it costs money, a lot of time passes and people are not willing to do that, this is the luck of scam borker


Dear

Before the scam event I had been trading for 3 years with ironfx.
It was regular in payments ,it sponsored Barcelona club.He was a normal broker and did not seem bankrupt.
They hold all my funds ,almost 23000 euro and with one email they have cancelled all my business.
Most likely they have the support of Cysek and FO,so they feel strong and do not pay clients.
I think people now understand and no longer deposit with them.
 
BREAKING: a Cypriot lawyer has applied for the liquidation of Ironfx on the basis that the company is unable to pay its debt. The case is set for a court hearing in early March.

Can you post some information / evidence on this. Would be very interesting reading.
 
Honestly I do not understand why a normal person should open an account with these people, there are so many serious brokers around, who never had any problems, why give to iron the money and then do not sleep at night? Also I think another thing, normally only one person on 10 makes a complaint to the authorities after having undergone a scam, this means that 2500 complaints are just the tip of an iceberg, the real situation is dramatic. Same thing on the forums, probably a small percentage of the scammed exposes his case on a forum, the others perhaps have a not high amount, so they prefer to accept the scam as a wrong operation and wait without doing anything ... If we then talk about lawyers the situation is even worse, 1/100 goes to a lawyer after a scam, it costs money, a lot of time passes and people are not willing to do that, this is the luck of scam borker

Dear I THE TRUTH,
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 responses@ironfx.com for any clarifications you may require.
Thank you
 
Dear IronFx representative,

The undisputed facts are:

1.You have suffered a sharp decline in turnover and clients after refusing to return clients’ funds in a widespread and systemic manner. You never had 1 million clients: all Cypriot brokers together have 1,200,000 clients (CySEC report), the largest ones being XM and FxPro.

2.The idea of not returning clients’ funds by invoking “Abusive trading criteria” based on assumptions, without any evidence, was an idea of your jailed lawyers.
It was not an idea of sales people, because sales people know the huge impact of bad reputation on volumes and revenues.
(Instead of paying lawyers, you should pay your clients, it would come cheaper)

3.You are not FCA regulated and therefore you are not object of FCA supervision. You have a subsidiary which is FCA regulated, but this company has not a full license andno meaningful operation. As for the ASIC regulation, it only applies to a small subsidiary and the ASICforced you to correct the disclosure.

4.There are a lot of judgments against you and please expect that they are made public. Let’s begin with adecision of the Financial Ombudsman, forcing you to return the funds of a clients which you had illegally withheld for 2 years

5.At least 2500 complaints were filed to the Financial Ombudsman against you. This is a huge number.

6.The investment with Nukkleus failed due to lack of regulatory approval. And the current investment by a Singapore company is still subject to regulatory approval (AML check pursuant to Art. 13 MiFID II)

7.A shortage of 176 million in clients’ money was confirmed by a public Cypriot authority. The General Auditor Report was not modified or retracted and is still a public document.
(BTW: Complaining to the General Auditor was a brilliant idea of your landlord)

8.The Petition before the EU Parliament has not failed at all, but is still open and there will be a new hearing. We expect the ESMA hitting you and/or the whole Cypriot forex industry the hard way : read the statement.

9.Retail traders are consumers: here the Decision of a Hungarian court of appeal and the Decision of Cyprus Consumer Protection Service.

10.The fine of 335.000 which you settled with the CySEC was almost the highest fine which is possible under the current legislation ($ 350.000).
But this legislation is to be changed in order to implement MiFID 2. The fines foreseen by Art. 70 MiFID 2 are at least € 5.000.000 or twice the benefit derived from the infringement.
(A fine of 352 million would be adequate in your case)

Dear IRONFXSCAM,

Without identifying yourself as a client of the company, you continue posting repeated and baseless defamatory allegations.

From your conduct in the forum so far, it is evident that you are not genuine clients of the Company. You have chosen to keep your identity undisclosed by using nicknames and usernames with the sole purpose of engaging in defamatory comments, untrue and unfounded statements. The Company has repeatedly requested that you provide your particulars either via this forum or via e-mail to a dedicated email address, however, you have not done so to date in order to allow the Company to attend to any genuine query you may have.

We note that your continuous defamatory attempts are aimed at creating impressions, disgrace and damage to the Company’s reputation and goodwill. Such inappropriate conduct is not welcome by the Company and is against ethics and morals. Unless you have a genuine query, the Company does not intend to attend to any further unsubstantiated comments or statements.

For your latest attempt to defamate the company (or any other issues or repeated defamatory commentary or false allegations you want to post on the FPA site) please refer to the “IronFX – Falsely Accused Broker” thread: https://www.forexpeacearmy.com/community/threads/ironfx-falsely-accused-broker.54115/

Should you have any specific, factual complaint, we welcome you once again to identify yourself as a client of the company by providing the relevant details.

Thank you

Most likely company’s accountants needs to be jailed as well, unless they provide the true figures (hard to believe) :oops:

Dear oscarra,

Without identifying yourself as a client of the company, you continue posting repeated and baseless defamatory allegations.

From your conduct in the forum so far, it is evident that you are not genuine clients of the Company. You have chosen to keep your identity undisclosed by using nicknames and usernames with the sole purpose of engaging in defamatory comments, untrue and unfounded statements. The Company has repeatedly requested that you provide your particulars either via this forum or via e-mail to a dedicated email address, however, you have not done so to date in order to allow the Company to attend to any genuine query you may have.

We note that your continuous defamatory attempts are aimed at creating impressions, disgrace and damage to the Company’s reputation and goodwill. Such inappropriate conduct is not welcome by the Company and is against ethics and morals. Unless you have a genuine query, the Company does not intend to attend to any further unsubstantiated comments or statements.

For your latest attempt to defamate the company (or any other issues or repeated defamatory commentary or false allegations you want to post on the FPA site) please refer to the “IronFX – Falsely Accused Broker” thread: https://www.forexpeacearmy.com/community/threads/ironfx-falsely-accused-broker.54115/

Should you have any specific, factual complaint, we welcome you once again to identify yourself as a client of the company by providing the relevant details.

Thank you
 
Dear

Before the scam event I had been trading for 3 years with ironfx.
It was regular in payments ,it sponsored Barcelona club.He was a normal broker and did not seem bankrupt.
They hold all my funds ,almost 23000 euro and with one email they have cancelled all my business.
Most likely they have the support of Cysek and FO,so they feel strong and do not pay clients.
I think people now understand and no longer deposit with them.

Dear luxotik,
Thank you for your comment.
We repeat the facts of your case:
1. You attempted to conceal information as to the true facts of your case
2. Your query was attended by the Company and a response was sent to you and your attorney on 4/6/2015 and 01/02/2016 respectively.
3. Your complaint referred to the Financial Ombudsman Service which was terminated by the Financial Ombudsman Service on 31 October 2017.
For the above points we refer you to our last reply, please look at the link below:
https://www.forexpeacearmy.com/forex-reviews/7653/www.ironfx.com?page=2&per-page=10
Thank you.
 
Dear representative iron, I see that on this forum your contribution is zero. Continue to affirm unnecessary lies, which are visible for everyone.
I still do not understand why the moderators of this forum do not ban you and allow you to continue to stay here.
You work for a society of clowns, that despite stealing the money to half world, come here after 3 hoping that all the people are idiots.
Personally I find your behavior incorrect, please identify yourself, name and surname, so you can be sued for the lies that you post on this forum.
 
Dear representative iron, I see that on this forum your contribution is zero. Continue to affirm unnecessary lies, which are visible for everyone.
I still do not understand why the moderators of this forum do not ban you and allow you to continue to stay here.
You work for a society of clowns, that despite stealing the money to half world, come here after 3 hoping that all the people are idiots.
Personally I find your behavior incorrect, please identify yourself, name and surname, so you can be sued for the lies that you post on this forum.

Dear I THE TRUTH,

Please refer to the Company's comment (post #107) in this thread.

Thank you
 
Dear iron representative, please refer to my comment post 110, it is not important identify me, but identify you.
Please respond to post 96 and 101, people are curious to know if you can also read and responde or only to do copy-paste like a child...:D
 
Dear iron representative, please refer to my comment post 110, it is not important identify me, but identify you.
Please respond to post 96 and 101, people are curious to know if you can also read and responde or only to do copy-paste like a child...:D

Dear I THE TRUTH,

It is clear that you have registered only recently with the sole purpose of defamatory spamming of the FPA forums.

Will leave you latest barrage of defamatory postings to be judged by the community @BinaryLad and @AsstModerator in particular who have been following our posts and responses.

For anything else please refer to https://www.forexpeacearmy.com/community/threads/ironfx-falsely-accused-broker.54115/

Thank you
 
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