French victims urges the French and Cypriot financial market authorities to investigate Dr.Trader and IronFX illegal scheme

Konstantin Mikov

Financial-Fraud.Lawyer Representative
Press release

February 26, 2020

A group of 25 French victims urges the French and Cypriot financial market authorities to investigate the illegal scheme between the trading platforms Dr. Trader and IronFX

Dr. Trader, a trading account manager, has led many traders to lose more than a million euros outside the frameworks of European regulations in Bermuda.

Such an illegal act was made possible thanks to the acts of IronFX and was already reported several times to the French (AMF) and Cypriot (CySEC) Market Authority.

” According to our clients, more than a thousand people would be victims of this illegal scheme. Legal procedures exist to recover lost funds due to such misconduct, and the competent authorities must investigate.” Konstantin Mikov, Lawyers of the collective formed against Dr. Trader and IronFX


Dr. Trader is illegally selling financial products in France, in illicit association with IronFX Cyprus and IronFX Bermuda. Such an organization between unregulated platforms in Europe and Iron FX Cyprus is contrary to the Financial Instruments Markets Directive (MiFID).

IronFX is a well-known brand in the field of online Forex trading. This broker has offices in Cyprus, London, Johannesburg and Sydney and is authorized in France by CySEC through his European passport. IronFX has committed wrongdoing in the past that has been carry out by the authorities.

It is not the first time that Law Firm Mikov & Attorney reports IronFX’s illegal scheme to the CySEC and the AMF. The competent authorities must investigate such an irregularity, in light of the precedents.