Unbiased Forex Broker Experts

IronFx.com Review Visit site

Updated: Feb 23, 2017
1.688 · 182 REVIEWS
Is this your company?

There is an impending class action lawsuit against IRONFX


The FPA has repeatedly requested to communicate with the CEO of IronFx regarding the unethical behavior of employees of the company.  Several employees who have been asked to put the FPA in touch with the CEO have refused to do so.

Readers of this review page should note the fake reviews left by IronFx employees pretending to be clients.  These are from "Dimitri, London, United Kingdom" on 2013-08-02 and "Eva Leine, Stuttgart, Germany on 2013-02-04".

IronFx employees have also spammed the FPA's forums on three occasions.

First IronFx Forums Spam Incident - 2012-11-12 

Second IronFx Forums Spam Incident - 2013-05-24

Third IronFx Forums Spam Incident - 2014-02-05

In January, 2015, someone posted an attack on a competing broker from inside the offices of IronFx.  See the review by "Jacob, Cyprus" dated 2015-01-21 below.

In June, 2015, someone claiming to be an IB from Egypt posted defending IronFx.  The post really came from inside of IronFx's offices in Cyprus.  See the review from "IB in IronFX" dated 2015-06-03 below.

These incidents began in November 2012.  The most recent was in June of 2015.

The FPA recommends AGAINST doing business with IronFx until the CEO steps in and convices company employees to stop acting in an unethical fashion.  If this is how employees follow simple forum and review site rules, can you trust them to follow rules about handling your money?


Feb 2015:  Multiple fake positive reviews submitted.


WITHDRAWAL PROBLEMS WARNINGFebruary 2015: The number of complaints about withdrawal issues against IronFx has escalated.  The FPA recommends all clients of IronFx test the withdrawal system immediately.



March 2015:  There are now 4 FPA Traders Court Guilty verdicts against IronFx for failure to pay money owed to clients.  The FPA has no choice but to declare IronFx to be a Scam.  A formal FPA Scam Finding will be issued soon.


IronFx is hereby blacklisted by the Forex Peace Army.  The FPA recommends against depositing money with Iron Fx.  If you have an account with IronFx, the FPA recommends you try to withdraw your funds immediately. 



August 6, 2015:  Cysec has announced an investigation AGAINST IronFx.  CLICK HERE to verify.  IronFx claims that the company asked Cysec to help them investigate cheating clients. ;)

August 10, 2015:  The Brazilian CVN has issued a warning against IronFx.  CLICK HERE to verify.

November 27, 2015:  Cysec has announced a €335,000 Euro fine against IronFx based on the investigation announced in August.  This proves that IronFx's claim that the investigation was against cheating clients was another lie told by the company.  CLICK HERE to verify.


Other websites of this company include IronForex.com


Court cases

  • Open0
  • Resolved1
  • Not guilty0
  • Guilty4
Case IDFiledCase nameVerdict
2015-0322015-03-03sunayana_khurda vs ironfx.comguilty
2015-0302015-02-27mukeshbhai vs ironfx.comguilty
2015-0282015-02-23R.D vs ironfx.comresolved
2014-1852014-11-20Sergio80 vs ironfx.comguilty
2015-0362013-03-22MarcoA vs ironfx.comguilty

Live discussion

Join live discussion of IronFx.com on our forum

Go to forums

IronFx.com profile provided by Nathalie Kania, Feb 5, 2013


Your company video here? Contact ad sales

1.688 · 182 REVIEWS
Forex Peace Army

Let other traders know if this service is worth checking or should be avoided.

Your feedback matters!

Budapest, Hungary
Feb 21, 2017
Registed user

SCAM broker confirmed. Don't even think about depositing any of your money. If you do, it's gone forever.

I trusted Ironfx in 2014. Not anymore. Since Mid Aug, 2015, I have been waiting for them to process my withdrawal request.

They send me an email, saying I am an abusive trader. WHAT!!!

Sep 1, 2015 - 1 Star I have been trading with IronFX for a year now. I did a withdrawal request late last Monday, 24rth August 2015.

As of today, 1st September 2015, it's technically the 6th business day. They keep telling me, it takes upto 10 business days :-(

I got the following message which my account manager forwarded to me.

"Thank you very much for your inquiry!
Currently we are processing all withdrawal requests with a queuing system.
The reason of the delay with processing your request is because we identified a group of traders who are misused our promotions and acted against our T&C.
Because of this breach we started an investigation on all our clients accounts prior of processing any request. Your withdrawal request though is expected to be processed in due course.
From our side we will do our best to speed up the process.
Thank you for your patience and understanding.
Best regards,”

The above doesn't look very promising. I haven't accepted any bonuses for my account.
The withdrawal amount is roughly 1000$ to my credit card, the same way I have deposited the sum.
At this point, I can only wait for 10 business days, i suppose :-(

I am slowly loosing hope. Looks like a ponzi pyramid scheme, where they are either waiting for new client money to pay old client's money (OR) they are short of cash altogether and delaying bankruptcy.

I think, something really went wrong here. In the past, I have even withdrawn upto 5000$ at one go. That was as recent as 15th of Oct 2014.

I know, all of you are eager to know the outcome of every case. I will keep you all posted.

LONDON, United Kingdom
Feb 3, 2017



Jan 29, 2017
Registed user

Most flexible broker out there

I've been using them for over a year now and I would recommend them to anyone, execution is great, flexibility is the best I've encountered with any broker and withdrawals are fast, account manager is fast to reply to queries.

5 Stars

Jan 11, 2017
Registed user

Cheater 10 months of sitting on my money, is not paid back. Beware of the company !!!!

Dec 28, 2016
Registed user

IronFx Scadal

General Auditor of Cyprus is saying CYSEC and IronFx has Fooled the investors.
The general audit report 2015 ( which is Greek Language ) translated to English , read it yourself and decided is that CYSEC a Fraud regulator http://bit.ly/2hdLaWq

2015 report of Cyprus General Auditor reveals explosive details about #IronFx and maladministration by #CySEC http://bit.ly/2hdLaWq

Dec 5, 2016 - 1 Star IronFx is scam company. Stay away from it.
They did not segregated clients money and used those clients money for Company purpose trading and now IronFx financial statement 2014 shows $170 Millions of Clients assets missing and that the reason they are not paying clients withdrawals .

IronFx Scandal
If you want to download IronFx Financial statement 2014
click hear http://bit.ly/2fsxMhs.

If you do not understand the IronFx Financial statement 2014 then download the easy word explanation in my own words
click hear http://bit.ly/2h8JE9g

If you want to download the expert opinion used by IronFx to label all profitable trades as abusive trader ( This is paid Expert Opinion , IronFx paid to Reed Smith LPP to make opinion bias and non neutral )

click hear http://bit.ly/2fDlleJ

Nov 20, 2016 - 1 Star Friends European parliament has accepted IronFx Victim petitions and now I request all the Victims to please show ur support this 3 petitions . All 3 of them belong to IronFx Scandal .
large Number of support from you will help to create the pressure on European Commission to act fast
There is option for Registered used to show there support to the petitions mentioned below .

Petition 1 http://bit.ly/2g4xZUs

Petition 2 http://bit.ly/2fF4efS

Petition 3 http://bit.ly/2fcNdFW

with Regards

Sofia, Bulgaria
Dec 19, 2016
Registed user

Scam , Fraud

Hello people ,

I can say only one for this "broker" this is an organization that acts as a criminal group that used any ruthless way its customers and partners. Although I knew about their problems as a broker they convinced me to promote them to my visitors and customers and then they decided do not pay me anything. They terminate our partnership on 19th of month after the date of payment which I do not receive.
I know for a lot of clients that is cheated from this broker and I think It should do something like that brokers be closed so as to protect the people of this fraudulent organization.

Nov 10, 2016
Registed user

Do not do any business with IronFX Global Limited CySEC (Licence no. 125/10)

IronFX Global Limited is authorized and regulated by CySEC (Licence no. 125/10) do not honor withdrawal request of deposit. When try to talk with funding or others people no body bother to attend call or even reply emails. Some people sitting there for live chat. they start every days from getting info and end up they can do any thing just send phone numbers or emails which never work. It been 1 month I have no clue how to get my deposit back.

Oporto, Portugal
Oct 7, 2016




Oct 6, 2016

scam alert

IRON FX do not honor withdrawal request of deposit and steek the traders money never trade with them !!!!

Oct 4, 2016
Registed user

They are Frude broker, they stole my money $500/-. Sending them several request they are not interested to send my money back.