Is IronFX A Scam?

Well, I think certain entities of IronFX may be scams. Here is my reason:

1. There is No Account Opening Link on the South Africa Version of the IronFX Website

To open an account you need to go to their offshore entity website which means South African are left exposed without any local FSCA protection.

2. There is Regulation Information At The Bottom of The IronFX South Africa Website

Usually brokers would display their license info at the bottom of their website but this is missing on the IronFX South Africa website

Petitions Have Been Written Against IronFX in the Past

Users have accused IronFX of refusing to pay them their money which led to an investigation being launched into IronFX in Cyprus.

While a lot may have changed, you should exercise caution when dealing with IronFX because they may be a scam.

Wow this is suspicious of them. For me, the moment i find that a forex broker does not proudly display their license on their homepage but rather they hide it, I quickly stay away from such a broker.

It costs tons of money to get a forex brokerage license so one only has to wonder why a forex broker will not display it like a badge of honour.

Sorry I meant to say there is no regulation info at the bottom of their ZA website