Delaying withdrawal for 4 years! IronFX has no withdrawal service actually?!

Recently, as more and more fraud cases are exposed at Nigerian forex market,WikiFX has attracted considerable attention from Nigeria. Lots of investors are willing to share their experience of being defrauded with WikiFX to disclose illegal brokers.

From these victims, it can be seen that many investors are not rich, some of whom are poor college students who have to find faster ways to make a living and afford tuition fees. The reason why are easy to be deceived is that they are lacking of clear knowledge offorex market risks. Also, they are not knowing how to identify a good broker due to the lack of ability to study forex.

An investor in this article complained to WikiFX about how Ironfx made up all kinds of lies to cover up the fact that he didn't withdraw.

Four years ago, the investor knew Ironfx through the internet and was attracted by their online adverting post. After study for a while, the investor deposited 1,000USD on Ironfx. When he found that his account was starting to lose money, he decided to withdraw and submitted an application on Ironfx. On Ironfx system, the investor accounts state continued showing “processing” without change over past week. The investor emailed to a manager who is in charge of his trading, then got a reply that the staff of their company in Cyprus were having a public holiday. A week later, the investor sent a second email to his manager to ask why the money had not arrived yet, then got reply that the manager was in a business trip. When the investor asked manager for the third time, he was told that the money was still in process and waiting longer was need. Four years has passed, the investor still dose not get his money to date.

Email History Records

The investor felt helpless in the face of his experience of being defrauded. WikiFX has collected details of Ironfx and found that they are suspected broker, which means Ironfx copies the regulatory license information from other company to carry out forex business. The five licenses held by Ironfx are fake.

1: Australia Securities & Investment Commiossion (ASIC) (MM)

Ironfx stole the regulatory information from a company named NO TE SCO PTY LTD.

2: Financial Conduct Authority(FCA) (STP)

Ironfx copied the regulatory information from a company called NO TESCOUK LIMI TED.

3: Comision Nacional del Mercado de valores( Retail Forex License)

Ironfx cloned the regulatory information from a company called IRONFX GLOBAL UK LIMITED.

The other two licenses info as below:

4：New Zealand FSPR (license number: 298966)

The regulatory status is abnormal, the official regulatory status is Revoked, please be aware of the risk!

5：CySEC regulatory information (license number: 125/10)

Verified as a clone firm, please pay attention to the risk and be aware of the risk and the potential scam!

All in all, Ironfx uses other companies licence information to harvest the trust of investors.

Per checking WikiFX App, IronFX has a poor rating of 2.35, and the broker currently has no valid regulation, bearing great risks. The broker is currently active on large social network such as Telegram and Facebook, please stay away!

Please download WikiFX APP from below links or scan code ：

iosAppStore： https://apps.apple.com/us/app/fxeye/id1402501387？l=zh&ls=1

Googleplay:https://play.google.com/store/apps/details？id=com.foreigncurrency.internationalfxeye

Want to know more about Forex security？ Add WikiFX.NG official social media to keep up with the trend!!

Facebook:

https://www.facebook.com/Wikifxng-100222921591879/

Want to know more about foreign exchange security？

If you have any questions, please feel free to contact us at wikifx@wikifx.com

The following is the process of how to use the app:

1. Download WikiFX

You can download the app on Google Play or Apple Store for free.

2. Register to be a WikiFX member

Enter your phone number and verification code.

3. Select Language and your area

4. Find “Exposure” section on Homepage

5. Edit post and release

Click the edit icon and choose either type of reason you wanna expose. Then, select the broker you wanna expose, edit your scammed experience and release it.

Declaration:

The article evidence exposed by WikiFX is verified by the following processes:

1: Evidence Collection: (Chatting history records, Trading history records, Banking Transaction records and recording videos from victim).

2: These evidences will be evaluated and verified by expert who has been work in forex industry for many years.

3: The editor will review it again before the article is published.

If you find there are still exist errors in article, we will improve them as soon as possible, and strive to provide consumers with a good and reliable exposure platform. Thank you for your feedback.