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Updated: Feb 24, 2020
Notesco Limited
1.501 · 221 REVIEWS
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January 2018: The Cyprus branch of IronFx/FxGiants is now using the corporate name Notesco Financial Services.  CLICK HERE for more info.
December 22, 2017:  The Cyprus Consumer Protection Office has issued a decision against IronFx for an unfair contractual clause.  CLICK HERE to verify.  CLICK HERE for more info.
November 27, 2015:  Cysec has announced it will collect a 335,000 Euro settlement from 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.
August 10, 2015:  The Brazilian CVN has issued a warning against IronFx.  CLICK HERE to verify.
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.  The FPA is astonished that anyone at IronFx would have the nerve to make such an obviously false statement.
ASIC Warning on other names IronFX ever used, which are ETX FINANCE GROUP PTY LTD, ETX CAPITAL PTY LTD. CLICK HERE to verify.


March 2015:  There are now 4 FPA Traders Court Guilty votes against IronFx for failure to pay money owed to clients.  The FPA has no choice but to declare IronFx to be a Scam for its actions against its clients.


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. 


WITHDRAWAL PROBLEMS WARNING:  February 2015: The number of complaints about withdrawal issues against IronFx has escalated.  The FPA recommends all clients of IronFx test the withdrawal system immediately.
Feb 2015:  Multiple fake positive reviews submitted.

2012-2015:  The FPA has repeatedly requested to communicate with the CEO of IronFx regarding the unethical behavior of employees of the company.  Many employees claimed they could stop this behavior.  All failed.  Each of them was asked to put the FPA in touch with the CEO.  Based on what happened over time, the FPA believes the CEO is aware of the unethical behavior of his employees, but does not care to do anything about it.

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 convinces 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?

Other websites of this company include,,,,,, and

 Need more info?
Read and Ask HERE.


IronFx is a forex broker. Iron Fx offers the MT4 and MT4 WebTrader forex trading top platform. offers over 85 forex currency pairs, cfds, commodities, indices, futures, shares, gold, silver and oil for your personal investment and trading options.

Broker Details

Minimum Trade Size:0.01
Maximum Leverage:1000:1
Minimum to Open Live:$100
Address:Bermuda, +44(0) 203 282 7777
Regional offices:
Prohibited countries:
Trading platforms:MT4
Web Trading: Yes
Mobile Trading: Yes
ECN: Yes
CFD:(5+) Gold, Silver, Stocks, Stock Indexes, Oil, Other Commodities
EAs/Robots: Yes
Deposit Methods:
Withdrawal Methods:

Live discussion

Join live discussion of on our forum

Go to forums profile provided by IronFX Officer, Oct 27, 2017

IronFX is the award-winning Global Leader in Online Trading, with 10 trading platforms and over 200 tradable instruments in forex, spot metals, futures, shares, spot indices, and commodities. IronFX serves retail and institutional customers from over 180 countries in Europe, Asia, the Middle East, Africa and Latin America while providing support in over 30 different languages.

IronFX clients can benefit from round-the-clock coverage delivered by one of the world’s largest and most accomplished global client coverage teams. The IronFX customer-centric model offers top trading functionalities through its platforms combined with the widest suite of products at the best pricing and execution. Daily market news feed and insightful research give clients access to the best information and data to make informed trading decisions.

lronFX Group complies with international regulatory standards and different entities in the group are authorised and regulated by the FCA (UK), ASIC (Australia), FSB (South Africa) and CySEC (Cyprus).


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1.501 · 221 REVIEWS
Forex Peace Army

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Consumer Reviews

Braganca pta, Brazil,
Jan 28, 2020,
Registered user


Service use: Other

Length of use: over 1 Year

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!!

More. Community discussion of this issue >>

Karachi, Pakistan,
Dec 13, 2019,
Registered user


Service use: Live

Length of use: 3-6 Months

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.

Paris, France,
Aug 23, 2019,
Registered user


Service use: Live

Length of use: 3-6 Months

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!!!!!
Harvey, Spain,
Jul 12, 2019,

Better than all these reviews are claiming

Service use: Live

Length of use: 3-6 Months

Regularly withdraw from my account and can say they’re comfortably the best broker I’ve used. Reviews on here some quite old
Tokyo, Japan,
Jun 30, 2019,
Registered user

The most terrible and awful customer service I've experienced!!!

Service use: Live

Length of use: Have not used

I tried to open a live account but I haven't been able to open the account for a week due to their website issue and poor customer service quality.
To make matters worse, the customer service "Japan Support" doesn't have any good Japanese language skill how to explain their advice politely and always answer in rude expressions, which makes me feel disgusted very much.
I also sent a message in the English language but they ignored my message.
IronFX disrespects customer.
I'm yet to deposit any money but I decided not to use this broker whatsoever.
I never ever believe IronFX!!!
I already switched to other brokers.
Lagos, Nigeria,
May 17, 2019,
Registered user


Run, Run, Run!!!! This broker is a thief, they are criminals, armed Robbers... I deposited one thousand dollars with this company, it was my fellow Nigerian who was working with them then his name is sixtus ughmadi that troubled me over the phone when I open a demo account with them to open a live account with them. At a time he was begging that his my brother that he is also a marketer with iron Fx, when I opened the live account and funded it. I later found out that ironfx is a scam by a fellow Nigeria, when I now wanted to withdraw all my fund with them, they told me that it's still process. Since September 14 2016 up till now I've not seen my money. I tried every means to get my money back all to no avail... Those people are criminals run, run if you can fly... Thieves!!!!!!!!!!
Apr 29, 2019,
Registered user

Contact your local police or Interpol

Apparently CySec is doing nothing about this, and situation and delays are far unnacceptable as a standard behavior of a financial institution, with the clients having their money held unlawfully.
It´s a worlwide scam with great publicity and marketing operations, they 've sponsored FC Barcelona and Whitebread races. They also methodically look over the web and often try to deny allegations, which thet seek actively over several web forums.
I suggest that people who have their money captive, present a complaint to your local police, or Interpol. By the looks of it, the only way they're gonna be shut down is by criminal charges in Cyprus, possibly fraud, embezzlement, procrastination of insolvency.
I also suggest that you point out in your complaints links to this and other forums so that they can at the police department, see that there is really a lot of people involved, and the local CySec is just not revoking their license.
Hungary, Hungary,
Feb 28, 2019,
Registered user

Withdrawal problem

I can't get back my money from IronFx since 14. July 2015. They don't answer to any of my e-mails, just simply ignore me. A few years ago I phoned the hungarian office for getting back my money, their reaction was: Why do you need your money?
Jan 11, 2019,
Registered user

IronFX is SCAM

I'm waiting for my money since 2015. Tried almost everything! these guys are robbing people in white gloves...
United Kingdom,
Nov 18, 2018,
Registered user

withdrawal scam

Tried on several occasions to withdraw my funds.
emailed every address i can find with not one response.

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