IronFX Review

They have upgraded theirAustralian ironfx.com.au website so that you can't log in using your ironfx.com login details. But you still can't register with ironfx.com.au because Australia is not in the list of countries where you reside.

Sep 28, 2020 - 1 Star It is clear that ironfx.com does not have any license, it does not even pretend to have a license on it's website. The problem is that they ring people up and pretend that they have a license in the client's country. They have licenses in certain countries under slightly different names but they get the client to join ironfx.com which has no license. If you try to register with ironfx.com.au the website does not have Australia in the list of countries where you reside. They will tell you that they have transferred you to the version where you reside. If you email support@ironfx.com to clarify where you stand, they will not reply.

Sep 23, 2020 - 1 Star It is not possible to open an account with the Australian ironfx.com.au because when you try to register you can not choose Australia out of the list of countries where you reside. If you choose another country it will direct you to ironfx.com which has no license. By the looks of things it is no longer possible to join a licensed version of ironfx.

Sep 14, 2020 - 1 Star I have reported ironfx and Notesco to ASIC with comprehensive information. From what i can find Notesco is no longer in Australia and any phone numbers I can find are disconnected. They still have an AFSL license number when you look up the ASIC website.When you go to ironfx.com/au it tells you their AFSL license number and a phone number which is disconnected. When you log in it takes you to ironfx.com which does not tell you an AFSL license number, but it says the company is based in Bermuda. Why ASIC has not cancelled their license yet is puzzling but I think it is just a matter of time.

ESCAPE THIS COMPANY, because if you earn something, they will take it away. I have had this case twice. I started with my $ 30,000 and went on to earn well over $ 100,000. Then, at the moment of major movements with EURUSD, Iron set up trading in such a way (I suspect a short-term change in leverage) that suddenly there was no funds and they closed my account in an instant. PAY AS ONLY YOU WILL EARN SOMETHING OR OTHERWISE YOU WILL LOSE EVERYTHING NOT THROUGH YOUR FAILURE. The case was dealt with by specialized lawyers from Bermuda.
The last of these situations follows
On 27-07-2020 at 16:43 I was deprived of all funds from my IronFx account number 13109448 and leverage 1: 1000. All my EURUSD deals were closed at 1.17616 within 3 seconds. There was no such price at this hour. There was a maximum price of 1.17575. Earlier at 3:10 PM the price was above 1.17616, and I had around $ 40,000 in free funds at the time and kept checking my account by opening opposite BUY positions which significantly inhibited the loss of free funds.
At 4:43 pm with around $ 30,000 in free funds, all of a sudden all positions closed at 1,17616, which was not there at the time. This price didn't come until 5:33 PM.
That's how it is possible to close all my orders at one time, suddenly. I have been trading in IronFx for about 8 years, having full confidence in the IronFx Company and this happened to me, but it was followed by closing orders, but never at the same time all orders were closed at the same time. Friends of traders say that the reason is probably a short-term change of the lever to a much lower one, and then a return to the leverage 1: 1000
Let me mention that the trade was not dynamic at that time, but the increase in the EURUSD price was very slow. In the simulator, with my starting amount of $ 117,000 at 20:00, the current profit was $ 46,615. I had a large reserve of funds, and for some unknown reason my account crashed. Attached screen.
I believe it was impossible to suddenly close my account due to my mistake.
In the meantime, I asked for an analysis of the resulting situation in people dealing with trading.
All three people agree that the reason lies in the lever that was briefly changed at 4:43 pm.
None of the competent persons at IRONFX VEL NOTESCO LTD responded to my complaint showing my error.
MORE DETAILS AND SCREENS ARE AT::
https://www.forexpeacearmy.com/community/threads/ironfx-vel-notesco-ltd-especially-earned-money-escape-this-company.67068/

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I decided to close my Ironfx account, I asked to withdraw since 11 June 2020, but I didn't have any answer from them.
I have been waiting for my money and to close the Ironfx account since 11. June 2020 (1 month).

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my experience with ironfx has been atrocious. As soon as I put my money into this brokerage, I found it hard to find ways of withdrawing. I started seeing bad reviews of people with a plethora of reasons as to why joining this brokerage is a pitfall. Several of them complaining about how ironfx wont allow them to take out their profits. After much research and lost confidence, I decided to withdraw my money. Low and behold I experienced those same difficulties I read online. Over 3 months later and I'm still trying to get my money back

IronFx is processing my withdrawals for more then a year now. They wrote me: "you are hereby informed that it has been established that an abusive trading activity has occurred on certain of those accounts and you are in breach of the terms and conditions relating to one or more promotions made available to those accounts.

This is the Company's final response. The Company reserves the right to take all actions necessary in relation to the aforementioned abusive trading activity."

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In 2018 Mr. Prato of Ironfx has called and promised profits: On 08.03.2019 at 17:47 Christian Prato wrote:
> sure 30% profit per week
> 50% bonus good money
I doubt it. It then called Mr. Seiler: Hello Mr. Kurz,

I'm the Sascha Seiler, have talked last night, I'm a senior broker on CFD for 16 years.

I have completed undergraduate degrees in Harvard for Finance Economics, Master and DR in Oxford for Finance, I apply for 12 licenses as a FINANCIAL BROKER and manage a portfolio of 131 clients. We are reachable under: 00441613941947.
The bank details where you make the transfer will only be found on your Ironfx account as soon as you want to transfer.
on March 21st, 2019 250 € were deposited on IRONFX. A supervisor never got in touch. In April 2019 I saw that the money in the online account was getting less and less until there was nothing left. I had protested emails and messages on the live chat and I was always told that I would get a message. but i got no message and there was no call back. when I call by phone, it is constantly busy. I can't reach anyone. I claim my money back and receive no answer and no refund.

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I start trading with ironfx back in 2015 in march 2016 i made the first withdraw request an was declined , again in March 2017 I did a second withdraw request and one of the account managers named George Kantziouris call me and gave me a bonus with my consent after that, I receive an e-mail from the complaints department that have consider my 2016 complaint resolved because i didn't took the appropriate actions.
Since then I had my 2017 withdraw request pending.
This is a common financial crime company that operates for years now under the tolerance of regulators and government.
The amount of corruption in Cyprus is unprecedented and its shame that this is a EU country.

They are holding my money even after the Cyprus Financial Ombudsman final decision in my favor on april 2019.The ombudsman said that Iron Fx should not by any circumstances withold withdrawal of capital and should reimburse my money.
They don't obey any laws!! Don't ever trade with them!!

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ironfx a complete scam broker. After deposit's, first your account manager will say he has left and joined another broker, and when you try to withdraw they don't approve. They will not reply to your emails and when you will try to talk to online support and tell them the issue, they will tell you, your request is in queue and then they will disconnect the chat.

Since 2015 I have been trying to withdraw my money but all in vain.

HIGHLY NOT RECOMMENDED.

Already had problems in the past with this broker and now it's happening again trades are closed by themselves and I lose money when I didn't ask for anything! I ask for explanations, it's unacceptable!!!!!