Share
ForexPeaceArmy (FPA) certainly puts the boot in ...
http://www.forexpeacearmy.com/forex-reviews/7653/www.ironfx.com
"The FPA recommends AGAINST doing business with IronFx until the CEO steps in and convices company employees to stop acting in an unethical fashion"
... but then there's this:
https://www.instaforex.com/forexpeacearmy.php
"forexpeacearmy.com is an anonymous fraudulent project that earns money by blackmailing brokerage and dealing firms".
Who to believe? As in so many situations, you can find information both ways. This report - https://onlinebroker-reviews.com/ironfx/review/ - cautions against IronFX, saying "IronFX is a controversial broker. The company experienced problems in China and in Cyprus, where it was investigated by CySEC and where it struck a massive settlement deal, which made waves in the trading industry. Some branches of the operation were exposed losses due to aggressive bonus abuse on the part of some of their customers coupled with massive leverage. IronFX's UK operation has apparently been renamed 8Safe UK Ltd, but company products will continue to be offered under the IronFX brand.
There are numerous complaints about not being able to withdraw money because clients are classified as bonus abusers. A lot of clients are also complaining about IronFX that has cancelled their profits, because of what they call 'abusive trading'. Over the years the CySEC regulator has received over 1000 complaints, so we would be very careful when trying IronFx as your broker.".
Is onlinebroker-reviews.com a genuine independent reviewer? I don't know, but I also went looking for information on InstaForex (the critic of FPA) and found https://www.forexsq.com/instaforex-review/ - the information under "Bonus Scam Reported" doesn't read too well for InstaForex!
