Scammers IronFX: A New Look of an Old Swindler
Scam projects usually do not last long, and IronFX is no exception. When there are many negative reviews, fraudsters hide, but IronFX prefers to simply change domains and create new offices in different countries. They specialize in newcomers who do not understand the details of legal aspects. What to pay attention to and why you should avoid this company, let’s discuss further.
Who is IronFX: Deceptive Legend
On the ironecn.com website, IronFX presents itself as a broker operating since 2010 and owned by Notesco Limited. Checking the domain shows that the site has been in existence for a long time. However, ironfx.eu states that the company is managed by Notesco Financial Services Limited, under CySEC regulation (document №125/10). Attention is also drawn to the difference in the names of the managing companies on the two sites, as well as the absence of a CySEC license on ironecn.com. Reviews also indicate non-payment of funds since 2015 and lawsuits against the company.
Trading Accounts and Conditions: Tricks and Deception
IronFX offers access to trading various instruments such as basic Forex currencies, metals, commodities, stock indices, futures, and stocks. Although the types of accounts on ironecn.com and ironfx.eu are the same, the conditions differ significantly. For example, on ironfx.eu, the leverage is limited to 1:30, while on ironecn.com, leverage reaches 1000x, which is excessively high and can lead traders into financial difficulties. The pseudo-broker also offers the outdated MT4 platform and employs various bonuses and PMAM to attract traders.
Real Reviews: Voices of Victims
There are plenty of reviews about IronFX, and most of them reflect difficulties with fund withdrawals since 2014-2015. Negative reviews continue to come from traders, yet IronFX does not cease its activities. Complaints about scams and loss of large sums are also not uncommon. This approach leads to legal proceedings and customer dissatisfaction.
How IronFX Works: Mechanism of Deception
IronFX was founded by professional scammers who use various tricks to attract clients. Lures in the form of bonuses, prize funds, and education mask the danger. Fake software and enforced investments lead to losses for traders. The scammers outsmart the victim and benefit from their trust.
Conclusion: Stay Vigilant
Avoid such entities like IronFX to avoid falling victim to scammers. The company’s illegal activities and customer reviews indicate that dealing with them is risky. Alertness will help avoid financial losses and safeguard your funds!
My experience with IronFX was incredibly disappointing and frustrating. Right from the start, I found their customer service to be lackluster. They took a long time to respond to queries and when they did, the responses were vague and unhelpful. Additionally, their platform is not user-friendly and glitchy, often causing unnecessary stress during trading. The broker also seems to have high and hidden fees that they do not disclose upfront. The execution of trades was slow and caused me to miss out on valuable opportunities. I would not recommend IronFX to anyone due to these issues. Please do your research and choose a more reliable and transparent broker.
I had quite a disappointing experience with IronFX. Despite their claimed expertise and professionalism, their customer service left a lot to be desired. Every time I needed assistance, their response was slow and unhelpful. Not only that, but the withdrawal process was unnecessarily complicated and took longer than promised. They seem more concerned with their own profits than the welfare of their clients. There were hidden charges that were not clearly explained in the beginning. Transparency is indeed a concept lost on IronFX. Considering these major drawbacks, I struggle to trust them anymore. Save yourself the hassle and find a more competent and reliable broker.