Is IronFX a complete fraud?

With the plethora of online forex brokerage companies currently on the market each vying for the attention of traders, there exists a highly competitive environment whereby brokers are contesting with one another. In this situation, reputation is everything, and nowhere is this more evident than online, where many comments, both positive and negative, are posted by thousands of users every day. As a result of this, IronFX reviews and other observations are made, sometimes along the lines of stating that this company is a complete fraud. As with any comment made online, it is often difficult to understand or comprehend the remarks, as many of them are either factually incorrect or unsubstantiated. Indeed, many forex brokers have sought to respond to some of the worst allegations posted on the internet, in an effort to preserve the reputation of their respective companies.

Can IronFX be trusted?

There are many IronFX reviews and broker comparisons that originate from a wide range of sources and exist in many different forms. The consensus on the whole is that IronFX is an established broker that provides services to clients across many countries from around the world. What is true is that IronFX is a trustworthy and reliable broker, regulated by several of the world’s foremost authorities within the foreign exchange sector. IronFX is regulated across multiple continents, including in Europe by the Cyprus Securities and Exchange Commission (CySEC) and in the UK by the Financial Conduct Authority (FCA). The broker is also regulated in South Africa by the Financial Sector Conduct Authority (FSCA), and in Australia by the Australian Securities and Investments Commission (ASIC). Consequently, this broker abides by the relevant rules governed by the regulators, meaning that clients can be safe in the knowledge that opening an account with IronFX carries minimal risk.

Is IronFX a secure broker?

When choosing a broker to open a live trading account with, one of the most important factors to consider is whether it is considered to offer a high level of fund security. It is a trader’s worst fear to sign up with an unprofessional broker that subsequently loses their money due to poor or a lack of security provision. These fears are completely allayed with IronFX, as it is a company that views security of funds as a top priority. The company uses the latest, state-of-the-art technology in its efforts to offer the very best security measures. Unfortunately, in the online sphere, there are many cybersecurity threats to traders’ funds in the form of illegal hackers, who possess the ability to steal money that is not properly and securely stored. It is for this reason, that partnering with a secure broker is essential, and from the comment, broker comparisons and IronFX reviews online, it is clear that it is a broker that can be trusted.

How secure is my personal data?

Another concern that is often shared by traders is that they are worried about what happens with their personal information, once it is in the possession of companies – in this case, forex brokers. Data is a valuable commodity in today’s ever-changing world, with demand for personals details on the rise. Most companies explicitly state their terms of use with regards to clients’ data, but some less reputable firms choose not to, and instead sell on this information to other companies in return for money. Conversely to this, IronFX has a comprehensive section contained within a company policy document, outlining in a great level of detail the measures taken to protect clients’ data, rather than pass it on without permission. While the company collects certain customer information, including name, address, contact number and email address, these details are for monitoring purposes only, and do not correspond to a data transaction from one company to another.