An illegal scheme between La Maison du Placement - LMDP - and IronFX

Konstantin Mikov

Financial-Fraud.Lawyer Representative

Press Release
February 24, 2020

An illegal scheme of trading between La Maison du Placement and IronFX

Law Firm Mikov & Attorneys reveals an illegal scheme of trading between La Maison du Placement and IronFX and invites the AMF and the CySEC, Europeans financial market authorities to investigate.

La Maison Du Placement platform, which provides unauthorized financial services in France, has led many individuals to invest outside the framework of European regulations. Such an illegal act was possible thanks to the involvement of IronFX, a platform monitored by the French and Cyprus Market Authority – AMF and CySEC.

”My request to withdraw EUR 20,000 from IronFX was never processed, and they closed my account with a false balance of 44cts. As a retired 89-year-old man, inexperienced in computer and financial tools, I doubted ever to see my money again” Albert K. victims of La Maison Du Placement and IronFX, represented by Law Firm Mikov & Attorneys.

La Maison Du Placement used false registration statements with the Bank of France to gain the trust of its clients. French clients such as Albert K shared that in order to invest with La Maison Du Placement, they had to refer to IronFX registered in Australia. However, Albert K’s pieces of proof attest that IronFX authorized by the CySEC received his investment.


Such an organization between European customers, unregulated and regulated platforms is illegal and contrary to the Financial Instruments Markets Directive (MiFID) to which IronFX is subject.

Iron FX is a well-known brand in the field of online Forex trading. It has offices in Cyprus, London, Johannesburg, and Sydney and is authorized in France by the CySEC through his European passport. IronFX has committed wrongdoing in the past that has been investigated by the authorities. In December 2017, and in November 2015, CySEC issued a decision against IronFX because of alleged regulatory violations. Thus, EUR 335,000 was paid by IronFX as a result of the investigations carried out.

To date, Law Firm Mikov & Attorneys, as part of its mandate, has not received a response from participants of this illegal scheme. IronFX has not yet acknowledged the formal claims for explanation and compensation. Law Firm Mikov and Attorneys’ lawyers believe that many victims have been affected by this illegal scheme since the site of La Maison Du Placement,, is still active.




Konstantin Mikov

Financial-Fraud.Lawyer Representative
As part of their mandate, the lawyers of Law Firm Mikov & Attorneys analyzed pieces of evidence showing that La Maison Du Placement participated in doubtful activities, probably with the cooperation of IronFX. ; ;

It appears to us, based on evidence provided by his victims, that La Maison Du Placement platform illegally solicited clients in France.

According to the reported facts, La Maison Du Placement made false promises and produced fake documents to testify its legitimacy:

False promises:

  • 7% bonus per deposit
  • Guaranteed return on investment
  • Account management by professionals
Suspicion of fake documents:

  • Fake registration number with Banque de France
  • Use of IronFX’s license with a European regulator
It looks that La Maison Du Placement used false evidence to prove its regulation and gain Albert K.’s trust. IronFX, as the beneficiary of this scheme, may be considered as an ally of the illegal scheme set up by La Maison Du Placement.