Problem IronFx condemned over abusive contract terms

[IRONFXSCAM]

DEAR IRONFX OFFICER

all the newspapers and TV stations of the world talk about the IRONFX scandal. do you have vision problems ??

http://www.wallstreetitalia.com/caso-iron-fx-annunciata-class-action-per-i-trader-truffati/

http://www.wallstreetitalia.com/truffa-ironfx-speranza-per-i-1-700-clienti-ue-truffati/

http://www.wallstreetitalia.com/truffa-ironfx-in-cina-si-e-aperto-processo-penale/

http://www.wallstreetitalia.com/scandalo-ironfx-confermato-dalla-corte-dei-conti-di-cipro/

http://www.wallstreetitalia.com/truffa-ironfx-bilancio-broker-contiene-dati-esplosivi/

http://www.wallstreetitalia.com/come-broker-di-cipro-ha-imbrogliato-migliaia-di-italiani/

https://www.financemagnates.com/fm-home/ironfx-victim-bursts-into-cysec-chairwoman-speech/

http://cyprus-mail.com/2017/12/11/cyprus-tops-eu-view-corruption-index/

https://atozforex.com/news/ironfx-china-criminal-trial-against-ironfx-china-ceo-peter-han/

https://www.financemagnates.com/for...-delays-a-story-of-176-mln-client-money-hole/

https://www.financemagnates.com/for...s-court-complaints-160-chinese-clients-ibs-2/

http://www.emilianomorrone.eu/ironf...onviction-son-sent-to-jail-financefeeds-blog/

 

[IronFX Officer]

IRONFX director Markos Kashiouris object of criminal investigation in Germany ! SCAM !!!

Dear IRONFXSCAM,

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

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/ and in particular Point (3) of the said posting.

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 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

 

[I THE TRUTH]

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.

 

[IRONFXSCAM]

Cyprus is the most corrupt country in the EU. No wonder that bankrupt brokers like IRONFX can rob millions of clients money in the most complete impunity!


http://cyprus-mail.com/2017/12/11/cyprus-tops-eu-view-corruption-index/

 

[IronFX Officer]

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,
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.
Thank you

 

[IRONFXSCAM]

DEAR IRONFX OFFICER;
I would like to remind you that:

IRONFX was fined by cysec for $ 335,000 for serious violations of the law, for illegally detaining customers' money!

read the article and reflect:

atozforex.com/news/breaking-ironfx-to-pay-e335000-to-cysec/

 

[AsstModerator]

Fair notice to all involved. There are accusations of multies in these threads. The FPA takes this very seriously and will be investigating.

The FPA stands for fairness. No matter what one side of a dispute thinks the other has done, anyone violating forums rules will be dealt with. No use of multies anywhere in the FPA forums is permitted without my explicit permission. I only grand permission under very special circumstances. "I want to have an extra account to support my argument" is not a circumstance which will get permission.

 

[IronFX Officer]

DEAR IRONFX OFFICER;
I would like to remind you that:

IRONFX was fined by cysec for $ 335,000 for serious violations of the law, for illegally detaining customers' money!

read the article and reflect:

atozforex.com/news/breaking-ironfx-to-pay-e335000-to-cysec/

Dear IRONFXSCAM

Without identifying yourself as client, you keep posting repeated lies and false accusations in the FPA forums.

For your latest spamming of the FPA forums please refer to the https://www.forexpeacearmy.com/community/threads/ironfx-falsely-accused-broker.54115 thread, Point (9). The $335,000 “fine” you FALSELY spam the FPA forums with is a settlement with no admittance of wrongdoing by IronFX. To this date, IronFX remains fully regulated by the FCA, ASIC, FSB and CySEC and has received ZERO fines or warnings.

Once again, we refer your repetitive defamatory posts to @AsstModerator and @BinaryLad for moderation.

Thank you.

 

[IRONFXSCAM]

Do you want some details of the fine which was imposed to IronFx by the CySEC? Here you
go:

IronFx was fined € 335.000 by the CySEC on November 27, 2015, as everybody can read in
the officialAnnouncement.
The reasons for the fine, which was achieved with a settlement, so that IronFx could save the
face, were never made public.
But the announcement reveals the reasons of the fine under point 1., where it is stated that
the company had "possibly" violated the conditions laid down in articles 18(2)(f) and (j) of the
Law.
Now please read article 18(2) (j) of theInvestmentServicesandActivities andRegulated
Markets Law:
"when holding funds belonging to clients, make adequate arrangements to safeguard the
clients' rights and, except in the case of credit institutions, prevent the use of client funds
for its own account ".
For people who can read laws, the Announcement of the CySEC was very clear.
But it was theAnnualReport2015ofCyprusGeneralAuditor which told the story of the fine
in a clear and for everybody understandable way. Please find enclosed the section of the
report which is related to the fine.
The report illustrates that IronFx tried to stipulate a "zero fine" with the CySEC, then a fine of
a lower amount. They went so far to write to the President, by using the fairy tale of an
investor who did not exist.
The CySEC finally agreed with a fine of a "certain range", which was € 335.000.
Please note that the maximum fine which could be imposed (under the old MiFID I
legislation) was $ 350.000.

 

[IRONFXSCAM]

The decision of the Consumer Protection Service against IronFx is is a "ground-breaking decision which would materially affect the provision of financial services in the regulatory regime of the Republic of Cyprus."

http://www.mondaq.com/cyprus/x/692866/Contract+Law/Unfair+Contract+Terms