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IronFX is operating in Cyprus since 2010 and has now expanded into more than 180 countries. The broker is regulated in the EU by the Cyprus Securities and Exchange Commission (CySEC), in the UK by the Financial Conduct Authority (FCA), where it is licensed as a registered investment firm, in Australia with the Australian Securities and Investments Commission (ASIC) and in South Africa with the Financial Sector Conduct Authority (FSCA). There is no proof supporting online IronFX complaints that IronFX is a scamer from Bermudas and that it stole clients’ capital. The company abides by the laws and regulations for client privacy and data protection. As a result, the company has its own privacy policy. Clients are always advised to carefully read the policy and understand how their private data is used. While some clients might have complained that their data was sold to another company once they withdrew their funds, this is not true as IronFX’s policy states the opposite.
While there are many IronFX complaints regarding the broker being a cheater and a scammer, it is wise to visit the broker’s website and go through its legal documents which are available for all users to read before they start trading. For example, in their Terms of Business document, the Acknowledgment of risks section clearly states that entering into an over-the-counter transaction, contains greater risk. By opening and closing a position with the company that is not transferable to any other person, clients are exposed to the risk of the company defaulting. Also, since CFDs and other products included in the forex market, which is the most liquid market, are leveraged hence volatile, there is always high level of risk. By accepting the company’s terms and conditions before registering, clients acknowledge and accept that they run a great risk of incurring losses resulting from buying financial instruments. Therefore, if you do not agree with the company’s rules then you need to not tick the relevant box on their registration page.
The endless sum of buyer information collected and examined has driven governments to issue strict information and buyer protection controls so that people have control over the way their information is utilised. There are multiple IronFX complaints online that clients cannot withdraw their funds and IronFX is a cheater. Clients need to keep in mind that information protection controls are changing the way businesses collect, store, share and analyse customer information. Should traders have second thoughts regarding the way their information is handled by IronFX, it is best to contact the company and get answers to their questions.
IronFX gives 24/5 customer support via e-mail, live chat or phone for all clients from all around the globe, in more than 45 different languages. The company is also active on multiple social media platforms such as Facebook and Instagram. There is also a comprehensive FAQ page including the most frequently asked questions, which answers a lot of traders’ concerns. It is best if clients attempt to open an account with the broker and test out things themselves.