IronFX cheating
IronFX cheating

In 2014 they were licensed by CYsec and british FCA so they were legit.. We make it our business to investigate crypto brokers and to determine whether or not they are legitimate. Sure, you could just consult customer review sites, but there is limefx forex broker no way of verifying if these reviews are created by actual customers. They may seem professional and legitimate at first. However, they have a way of pulling people in, holding their money hostage, and persuading them to keep investing more.

IronFX cheating

This broker did not score well during our testing process and is not recommended by our experts. We strongly suggest choosing a broker that has gained a high score through excelling in all departments instead. To learn more about how we test and recommend brokers, read our methodology. Needs to review the security of your connection before proceeding.

Crypto trading is impossible, while the company offers CFDs on currency pairs, commodities, indices, and shares. The funds will be returned the same way you deposited them, while the excess sum will have to be withdrawn through a lime fx bank transfer. In addition, the company doesn’t have a great score, being rated as average, with 40% of 1-star reviews. Firstly, the company has two entities – one regulated in Cyprus and the other one based offshore in Bermuda.

When an insurer takes on too much risk and reaches its risk limit, they offload the risk to someone else called re-insurer. Yes, but you need a large amount of capital in order to open a prime brokerage account. He knows that his price has been manipulated and can compare his chart with other free forex chart sources like tradingview.com and know whether his price has been manipulated or not. So they would not do this, as they would risk their entire business just to earn some money from 1 customer. And your point on pushing the market to cut your stop loss – In my opinion, no retail broker does this.

👮‍♂️👮🏽‍♀️ Are there regulatory actions against IronFx?

Been a client since 2013, have multiple accounts all with welcome bonus. Until now I only had two withdrawals, both in 2014. I requested a withdrawal of $500, it was almost instantly approved. IronFX subtracts $500 + $300, which in this case is my withdrawal and 60% welcoming bonus. At first I was lucky with online trading, investing a few and then getting a bit more back which made me more comfortable.

  • Again, IronFX is a good professional trading company but the problem are those who work under IronFX through different IB assignment.
  • Looks like a ponzi pyramid scheme, where they are either waiting for new client money to pay old client’s money they are short of cash altogether and delaying bankruptcy.
  • So that we don’t waste your time, we don’t update these reviews either.
  • But all these are still acceptable if not in urgent.

IronFX MetaTrader 4 – It’s always good to learn that a particular broker is offering one of the most popular trading platforms, and this can be said about IronFX. There is a full suite of trading tools, market indicators, and technical analysis tools, as well as the option to use Expert Advisors. The agreement specifies that the IronFX brand belongs to Notesco Limited and that the official language of interaction between the company and its clients is English.

IronFx TradeCopier

Asymmetric slippage means, whenever price moves in your favour, the broker will fill you at your requested price ,but when there is a negative slippage, the broker will pass it on to you. This is the thing that caused LimeFx to be kicked out of the USA. I believe all of them are B book, and they run an A book for those profitable clients, so they don’t lose money trading against you. However, your banks or payment service providers may be able to charge additional charges. You are able to withdraw your earnings only via Bank Wire.

To deposit your money is easy, but to withdraw it, they do everything to block you, supposedly illegible documents, then it’s not the right email address, then it’s not the right amount. So, it’s hard for you to use their platform to make profits, especially for scalping trading. I’ve send the documents asked to get my account verified but made a big mistake of depositing 1K € before getting my account verified. Overall my experience was fine and my review is here just to provide context.

IronFX is a long-lasting brokerage, present on the financial market for over a decade. As such, it built its reputation, but our research showed that it’s not as stellar. There have been some concerns and fines in the past that we’ll present in our detailed IronFX review. Therefore, if you have deposited funds with the company, try withdrawing them as soon as possible. We won’t recommend highlighting your issues with concerned regulatory authorities since the firm might pay the penalty and find a new way to trap customers again.

$200 No Deposit Bonus – Tiger Trade

2.5 The Policy shall apply whenever the Company executes orders on behalf of its clients.The Company will always act as principal when executing client orders. You can manually try and measure it, but it is hard. Nonetheless, I don’t believe brokers are doing it, else they will be banned from operating in their respective jurisdictions. If you are very serious about trading with a broker that does not trade against you, you can try Global Prime, or LimeFx.

Angry X-Trade customers protest in Cyprus – FinanceFeeds

Angry X-Trade customers protest in Cyprus.

Posted: Wed, 05 Oct 2016 07:00:00 GMT [source]

VPS hosting from IronFX gives you the speed and security you need to trade Forex and CFDs with confidence. You may be confident that your system and transactions are always safeguarded and transmitted as rapidly as possible, eliminating delays and slippage. Join us and take advantage of our free VPS hosting, which is provided to guarantee that you get the most out of your trading with us. There are many CFDs on equity indices, agricultural commodities, base metals, oil, and energy products.

The firm claimed to be among the most reputable brokerage companies online, offering a variety of services for investors. In addition 30+ of them received global awards that should prove the credibility of the business. But search the web for ironfx scam and you will see .. I have some friends who deposited in 2014 and haven’t seen any money from them till now.

IronFX Review Conclusion

This leads me to infer that some trades may be B booked, while others A Booked. There are a few reasons why I believe LimeFx is not a pure A book broker. Because I became suspicious after the accounts are not labelled as “True ECN” anymore but instead as “Raw Spead”. Alternatively, you can trade with interactive Brokers, or cTrader as https://limefx.group/ alternate platforms. To be honest, there is no advantage in opening a prime broker account, unless you do very high volumes or you need physical delivery of the currency. Basically that is outright illegal, and if their regulator like ASIC, UK FCA audit and find out they have been manipulating price, they might lose their licence.

IronFX cheating

They are glad when you open your account and deposit, but with the withdrawal they don’t hurry. The reason of the delay with processing your request is because we identified a group of traders who are misused our promotions and acted against our T&C. Since Mid Aug, 2015, I have been waiting for them to process my withdrawal request.

It goes against our guidelines to offer incentives for reviews. We also ensure all reviews are published without moderation. Companies can ask for reviews via automatic invitations. Labeled Verified, they’re about genuine experiences.

Why We Think IronFX Is Probably a Crypto Scam

However, with everything we’ve learned about IronFX, testing doesn’t help. The brokerage proved that it’s not reliable and has issues with customer withdrawals. IronFX trading platform choice is quite alright compared to everything else.

I made a withdrawal request and after a long time i got my money finally back. Moreover, in the ECN account, there are commission-based, commission-free, and absolute zero trading accounts. IronFX has three account types that include ECN, fixed, and floating based.

Trading Accounts Comparison – What’s the Difference?

Because of this breach we started an investigation on all our clients accounts prior of processing any request. Your withdrawal request though is expected to be processed in due course. IronFx is a forex broker blacklisted by Forex Peace Army and declared a scam for its actions against the clients. We recommend against doing business with this company. Ironfx.com does not have a license and so is a scam.