IronFX is a trading name of IronFX Global Limited that is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC). Although this is a licensed company, there are a lot of negative posts and reviews in forex forums about it.
The broker IronFx that has been announced as a scam broker in many forex forums. In November 2015, the Cyprus Securities and Exchange Commission (CySEC) fined IronFx EUR335,000, for its refusal to pay the funds that 160 clients wanted to withdraw.
The company may be trying to improve its reputation now but again through bad practices – by publishing fake positive reviews about itself. Now the situation is the same and the complaints about company’s refusals to process withdrawal requests continue. All reviews recommend not to deal with this company and it is confirmed as a pure scam.
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