Fake IronFX -Overview of Minimum Deposit, Spreads & Leverage

General Information & Regulation

This IronFX is a fake one, and it has been verified that this Iron FX is a scam and illegal broker and there are many confirmed negatives about this broker. Forex traders who had been scammed by this broker exposed that this broker blocked their accounts, clearing their profits and they ran away. Some traders mentioned that Fake IronFX actually offers spreads of 5 pips to 10 pips behind the quoted price.

Market Instruments

Fake IronFX claims that it offers traders forex currency pairs, commodities, indices, metals, and even crypto currencies.

Minimum Deposit

Fake IronFX does not indicate it minimum initial deposit requirements. Most legit brokers would ask its traders to fund at least $100 to start real trading.

Leverage

Fake IronFX offers the high trading leverage reaching up to 1:1000 to its traders. It is deliberately violates rules of regulators to attract innocent traders.

Spreads & Commissions

Fake IronFX advises that during the midnight session, fixed spreads for majors can be increased up to 3 pips. This is completely contrary to the fact that IronFx casts itself as an ECN company.

Deposit & Withdrawal

Fake IronFXs website states in its FAQs block that IronFx withdraws profit to clients only via bank transfer, while stating elsewhere that it permits withdrawals by several popular methods, including but not limited to: credit and debit cards, cryptocurrency, Neteller, UnionPay, Perfect Money, and Skrill

What To Do If Scammed？

Credit and debit card losses are easiest to recover because users can file for a chargeback. Whats more, is that MasterCard and VISA have a chargeback period of 540 days. Money invested and lost to scams through bank transfers can be potentially refunded if the bank the user is using has an emergency plan. Remember to always change your bank account username and password when scammed! Recovery agents are the last frontier of the entire scammer process. They will appear out of nowhere and will convince users that they have the tools to return all lost deposits. However, they will ask for an upfront payment. If paid, they will disappear.