Iron fx withdrawal issues

Post proof or you’re one of those trolls hired for $5/hr to specifically target these negative comments about IronFx and dismiss other’s claims.

Edit: I think i just answered my question… and for those curious about what i’m talking just take a look at this troll’s threads
301 Moved Permanently -> Post history

Dayuumm!!! How much is Ironfx paying you brah?

Hi, your link doesn’t work

Just looked at his post history and he does seem to mention them a lot. #subtle…not!

Iron Fx Scam Warning | Broker Reviews | Forex Peace Army

Interesting reading…
Blacklisted by forexpeacearmy
4 fpa guilty verdicts

Doesn’t look great

Is this Hamed3?
http://people.bayt.com/mahmoud-hamed-13513021/
Client Service Manager at TotalServe Ironfx

How about a ban, admin?

Nice catch!!!

We only just scratched the surface to be honest. I wonder how proactive Bp admins will be. Ironfx isn’t an advertiser here (…not yet) so there’s still hope!

The catch was that I caught one of ironfx’s staff posting complimentary posts about them under a false identity

I have been trading with IronFX for a year now. I did a withdrawal request late last Monday, 24rth August 2015.

As of this evening, 27th August 2015, it’s technically the 3rd business day. I got the following message which my account manager forwarded to me.

"Thank you very much for your inquiry!
Currently we are processing all withdrawal requests with a queuing system.
The reason of the delay with processing your request is because we identified a group of traders who are misused our promotions and acted against our T&C.
Because of this breach we started an investigation on all our clients accounts prior of processing any request. Your withdrawal request though is expected to be processed in due course.
From our side we will do our best to speed up the process.
Thank you for your patience and understanding.
Best regards,”

The above doesn’t look very promising. I haven’t accepted any bonuses for my account.

The withdrawal amount is roughly 1000$ to my credit card, the same way I have deposited the sum.

At this point, I can only wait for 5-10 business days, i suppose :frowning:

I know, all of you are eager to know the outcome of every case. I will keep you all posted.

As of today, 1st September 2015, it’s technically the 6th business day. They keep telling me, it takes upto 10 business days :frowning:

I am slowly loosing hope. Looks like a ponzi pyramid scheme, where they are either waiting for new client money to pay old client’s money (OR) they are short of cash altogether and delaying bankruptcy.

I think, something really went wrong here. In the past, I have even withdrawn upto 5000$ at one go.

Ohh come on, again this Ironfx! It is just even reported by FPA to be a scam, by what reason people decide to trade with such brokers, by chance or what, just go and trade without reading any feedback, reviews? I do not mean our friend Hamed3, of course, such feedback is useless. If someone wants to start trading with Ironfx, please, give me your money, that would be more useful:32:

As I mentioned, when I started trading with them in May 2014, they were not bad. But, now it seems they are very close to bankruptcy :frowning:

fxjockey, I really feel for you, but the best recommendation here is to regularly track your broker’s news considering all the channels in order to withdraw your money at the right moment. Anyhow be careful in future… Are you going to change the broker and start over or just give up on that business?:slight_smile:

Excerpt from today’s article in [I]Finance Magnates[/I] —

“It seems that at present the best course of action for customers who have their withdrawals pending is to pay a €20 euros fee and file a formal complaint with the Cypriot Financial Ombudsman which is supposed to speed up the review of their account. Since those clients of IronFX who have filed a formal complaint with the regulator are getting in front of the queue, those who haven’t could have to wait for an extended period of time.”

Link to the article —

Hungarian National Bank Mentions IronFX Clients in Official Announcement | Finance Magnates

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Who knows when their broker turned into scam and stop paying traders, it is good to keep a proper check on your broker by making regular withdrawals from them and checking their reviews as well on general reviews sites like forex peace army etc…

IronFX has been rocked by scandals for a long time now. I wouldn’t trust them at all and I wouldn’t invest in them. Even the Ukranian regulator doesn’t want them anymore, they expelled their local branch recently. Apparently they haven’t been paying their fees.

dear

i am aftab from bangladesh. i was deposit on 08-08-16 at ironfx and my deposit amount is 1500usd.but my whole money is loan-able money. i was make 1st withdraw on 12-08-16 and other 3 withdraw make respectively but still not get a single withdraw.now, i am worried what can i do for my withdraw.

plz anyone hlp me if there is any option to recover my money.here i put my ac information

Ac name: Aftab uddin
Ac: 11044911(144.06$) withdraw date: 2016-08-12
Ac: 11045105 (317.27$) withdraw date: 2016-08-18
Ac: 11045344(393.96) withdraw date: 2016-08-19
Ac: 11045418(999.60) withdraw date :2016-08-26

regards
aftab uddin

I think your best option is keep contacting by email and phone your account manager, also write to the FCA

I was in the trouble as you with 1500 usd but finally they sent me the money = ironfx-pending-withdrawals-wtf - Free & Detailed Image Hosting

What I don’t understand is how come a company which has been rocked by scandals, which has been accused of fraud and basically being a Ponzi scheme, just merges with another company and plans to get listed on the NASDAQ index. How does that happen. There are so many complaints against them, why isn’t it being investigated?

Here is an article which appeared in [I]Finance Magnates[/I] just yesterday —

Exclusive: IronFX Withdrawal Delays – a Story of a $176m Client Money Hole

Form your own opinion on the facts of this matter, before you read my opinion.

Here’s my take on the IronFX scandal:

[I]IronFX has been under investigation[/I] by CySEC, the financial regulator in Cyprus, [I]for a couple of years.[/I]

The problem seems to be that B[/B] IronFX has a large presence in Cyprus, B[/B] CySEC is a relatively weak regulator, leery of creating a financial crisis in Cyprus by crippling a [I]too-big-to-fail[/I] broker, and B[/B] IronFX has been successful in deflecting the regulator’s attempt to obtain legitimate audit information.

The problems at IronFX seem to stem from their aggressive bonus program, which had some tricky provisions embedded in the fine print. Customers who hadn’t paid sufficient attention to the fine print were not able to withdraw bonus money they thought they were entitled to, and they claimed fraud. IronFX took the position that those customers failed to comply with the fine print in the bonus program, and therefore had no grounds for complaint or legal action against the broker. And IronFX has — until recently — effectively stone-walled CySEC, the Cyprus regulator.

In my opinion, deposit bonuses — with or without sneaky fine print — are a pretty shabby marketing tactic. Brokers who resort to bonuses to attract new customers are just asking for trouble in the form of disgruntled customers, bad reviews, complaints to regulators, and lawsuits.

But, a lot of brokers use bonuses as a “hook”, and will probably continue to do so, unless and until regulators put a stop to them.

Your thoughts?

Edit 12/29/2016 – Here is the IronFX response to the CySEC audit
(which is detailed in the [I]Finance Magnates[/I] link at the top of this post) —

Exclusive: IronFX Responds to CySEC Audit Revelations

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