Problem IronFx : Whistleblower corner

[IronFX Officer]

https://beta.e-justice.europa.eu/110/EN/bankruptcy_and_insolvency_registers?CYPRUS&member=1
… unfortunately nothing works on this e-justice

Obviously IronOfficer don’t want to upload those financial statements, neither will he explain about whatever ongoing insolvency….no surprise.

Rome Prosecutor sure has high experience

Dear oscarra,

In the previous comment (post #184), we have requested you to provide factual information regarding your claims about an impending legal action.

You have failed to do so.

Instead, you provided a generic EU link about the insolvency process in Cyprus. Obviously, this does not add any value to this thread, nor it is relevant in any way.

For the sake of transparency, we confirm that we never had any class action lawsuit by the purported legal firms or any other legal firm for that matter. Neither we had any insolvency proceedings in any jurisdiction.

In 8 years of operation, the company has never breached any capital requirements and remains fully regulated by the FCA (FCA No. 585561), ASIC (AFSL No. 417482), FSB (FSP No. 45276) and CySEC (Licence No. 125/10).

Thank you

 

[IronFX Officer]

Please post your financial statements 2015 and 2016 here.Clients want to see your turnover, you profit, the amount of segregated clients' money, the litigation you had to settle, your liabilities.
You are obliged to disclose audited financial statements pursuant to Cyprus law and EU law.

Dear IRONFXSCAM,

We comply with all filing requirements as required by our regulators in each jurisdiction. For public disclosures, you can refer to each of our regulators’ websites.

We confirm that we are in sound financial state and are well capitalised.

In 8 years of operation, the company has never breached any capital requirements and remains fully regulated by the FCA (FCA No. 585561), ASIC (AFSL No. 417482), FSB (FSP No. 45276) and CySEC (Licence No. 125/10).

Thank you

 

[IronFX Officer]

You say that the charges are false are not they?
Then do not rush about the court, the prosecutor and FOS!
Must first be answered is why you keep my money?
How does "abusive" activity invented by you allow you not to return my money to me?
You will not say that I'm not your client?

Dear AlexF7,

For any legal actions, please refer to our reply to user “oscarra” above (post #191) and additionally to our general response, thread “IronFX - Falsely Accused Broker” (https://www.forexpeacearmy.com/community/threads/ironfx-falsely-accused-broker.54115/).

Finally, as per the Company’s reply (post #53) in regards to your case, in the thread https://www.forexpeacearmy.com/community/threads/ironfx-falsely-accused-broker.54115/page-5, we note that your query was attended by the Company and a response was sent to you on 3 March 2017.

Thank you

 

[oscarra]

For the sake of transparency, we confirm that we never had any class action lawsuit by the purported legal firms or any other legal firm for that matter. Neither we had any insolvency proceedings in any jurisdiction.

Don’t be in such rush, 11 dec 2017 CONSOB published a warning , probably as well defamatory

http://www.consob.it/web/consob-and-its-activities/warnings?viewId=ultime_com_tutela

....give justice some time

 

[IRONFXSCAM]

Withholding clients' money for year is a crime and every damaged client should file criminal complaint.


Search the Public Prosecutor of your country/city and lodge a criminal complaint for Fraud against

1) Cypriot directors of IronFx

2) the Account Managers who moved you to deposit money.

Lodge your criminal complaint in writing, via fax or certified mail.


Report to Europol and ask them to request the competent authorities of the Member States concerned to initiate, conduct or coordinate a criminal investigation against IronFx (pursuant to Art. 6 of the Europol Regulation)


Europol will usually request you to contact national authorities https://www.europol.europa.eu/report-a-crime


Please request a coordinate action. You can contact Europol per telephone, postal address or Whatsapp.

 

[AlexF7]

Dear AlexF7,

For any legal actions, please refer to our reply to user “oscarra” above (post #191) and additionally to our general response, thread “IronFX - Falsely Accused Broker” (https://www.forexpeacearmy.com/community/threads/ironfx-falsely-accused-broker.54115/).

Finally, as per the Company’s reply (post #53) in regards to your case, in the thread https://www.forexpeacearmy.com/community/threads/ironfx-falsely-accused-broker.54115/page-5, we note that your query was attended by the Company and a response was sent to you on 3 March 2017.

Thank you

Don't send me to your letter of March 3, 2017, because doing it you've just imitated the answer. So I publish this letter here. And I ask you about this text: What exactly is my "abusive trading activity"? That prevents you from sending me my money back from my account 17014199 starting from December 2015 (the attachments are here). If "we are in sound financial state"!
And also demand your publicly real answer! I insist 'Right here!' - I have absolutely nothing to hide! And what about you?

 

[IronFX Officer]

Don’t be in such rush, 11 dec 2017 CONSOB published a warning , probably as well defamatory

http://www.consob.it/web/consob-and-its-activities/warnings?viewId=ultime_com_tutela

....give justice some time

Dear oscarra,

Thank you for your post.

We have received no warnings from the Consob, neither we currently have any proceedings pending.

In 8 years of operation, the Company has never received any fines or warnings by its regulators and remains fully regulated by the FCA (FCA No. 585561), ASIC (AFSL No. 417482), FSB (FSP No. 45276) and CySEC (Licence No. 125/10).

Thank you

 

[IRONFXSCAM]

Italian CONSOB put Cypriot broker IRONFX on warning!

 

[IRONFXSCAM]

If you are "well capitalized", why don't you return clients' funds? Why did you not pay your office rent for months?

I have heard that your landlord won the office rent case: you had to pay 200.000 € and all procedure fees.

 

[Pharaoh]

Dear oscarra,

Thank you for your post.

We have received no warnings from the Consob, neither we currently have any proceedings pending.

In 8 years of operation, the Company has never received any fines or warnings by its regulators and remains fully regulated by the FCA (FCA No. 585561), ASIC (AFSL No. 417482), FSB (FSP No. 45276) and CySEC (Licence No. 125/10).

Thank you

Italian CONSOB put Cypriot broker IRONFX on warning!

I think both sides need to read that CONSOB warning a little closer. It is not a direct warning from CONSOB against Iron Fx. It is CONSOB repeating a warning against IronFx by the regulators in Argentina. If you read Spanish, here is the warning against IronFx:

http://www.cvm.gov.br/export/sites/...015/201508191__ATO_DECLARATORIO_CVM_14375.pdf

I'm very surprised at IronFx can't remember being fined by any regulators. I think it's time for a history lesson.

On the 6th of August, 2015, Cysec announced an investigation against IronFx. You can read the announcement here:

https://cysec.gov.cy/CMSPages/GetFile.aspx?guid=c5b69085-0611-4a66-b15c-af61bcfb3af0

FxMaster decided to ask live chat at IronFx about this. They claimed the investigation was not against IronFx, but an investigation IronFx asked Cysec to make against cheating clients:

"some of our clients engaged on illegetimate trading operations against our terms and conditions, using our bonus promotions to obtain illegal gains at the company's expenses
Due to that, we executed our right to request a Cysec investigation into their trade accounts and block them until the investigation is done and is concluded if effective malpractice was done
Client
and CySec investigating about it after getting lots of complaints about your firm and that what I read in Cysec Article."

You can read that in his post on page 2 of this thread:

https://www.forexpeacearmy.com/community/threads/cysec-vs-ironfx.41412/

Funny that the wording of the Cysec announcement said:

"As a consequence of media reports and the increasing number of complaints submitted by investors against the Cyprus Investment Firm IronFX Global Ltd (the “CIF”), the Cyprus Securities and Exchange Commission (the “CySEC”) wishes to clarify that there is an ongoing investigation against the CIF with respect to possible infringements of the Legislation."

And now, a flat denial of:

"In 8 years of operation, the Company has never received any fines or warnings by its regulators and remains fully regulated by the FCA (FCA No. 585561), ASIC (AFSL No. 417482), FSB (FSP No. 45276) and CySEC (Licence No. 125/10)."

I would like to hear how this statement correlates with the outcome of the Cysec investigation, where IronFx used a plea bargain and paid €335,000 on the 27th of November 2015. You can read the report here:

https://cysec.gov.cy/CMSPages/GetFile.aspx?guid=f3b8aa80-6679-4efa-9ede-6cb53097e8d5

Also, I notice the wording only applies to specific regulators and thus sidesteps the administrative decision against IronFx handed down by the Cyprus Consumer Protection Office on the 22nd of December, 2017:

http://www.consumer.gov.cy/mcit/cyc...EAB230D6F2CDF797C22582180026D18B?OpenDocument

How does IronFx respond to a Cyprus government agency saying its actions towards clients are unfair?

P.S. No, I'm not a client and I don't work for any broker, so please skip the canned responses and post some real answers.