IronFX Clientele Feedback
Starting from customer reviews on IronFX, let us share the screenshots of the broker's existing and former customers' feedback about the company.
The image above shows that the customer deposited funds with IronFX before verifying his account. However, he subsequently submitted all the verification documents, but the issue remained unresolved.
The second image tells another story concerning the bad conduct of IronFX's financial advisor. According to the customer, the broker's funds manager instigated him to add some funds to the trading account following his recommendations to avail of the bonus offers. However, the broker notified him of making the wrong deposits after receiving funds and declined to provide the bonus reward.
Here comes another scam incident. Despite receiving explicit instructions from the customer to put his account on AutoPilot, the company didn't pay any heed. Secondly, IronFX didn't release his residual funds even after multiple email requests.
Besides its poor reputation on FPA, people also post negative reviews about the company on several other platforms. Moreover, social media platforms, such as Twitter and Facebook, have also been full of complaints concerning IronFX withdrawal issues.
IronFX Regulation Status
After reading the above issues, one might wonder if the broker is regulated？ So, it shouldnt surprise you that the company holds various licenses in multiple jurisdictions. For instance, IronFX is registered with the UK's Financial Conduct Authority (FCA) under license number 585561. The broker is also fully regulated and authorized by the Cyprus Securities and Exchange Commission (CySEC – 125/10) and the Australian Securities and Investment Commission (ASIC – 417482).
Notably, regulations don't guarantee that the broker will not scam clients. Instead, they exist to protect investors' rights. For instance, when a financial entity breaches the code of conduct, the regulatory authorities impose hefty penalties and sometimes even cancel its license.
What should you do if you have deposited funds with IronFX？
Although IronFX holds multiple regulations worldwide, the company never gets tired of scamming people in different ways. As evident above, various regulators have found the company guilty of misconduct and verdict against it. However, the company doesn't seem much concerned about its reputation.
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. So it is better to stay away from it.
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