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IRONFX - true ECN?

  • #1
  • First Post: Jan 21, 2015 3:01am Jan 21, 2015 3:01am
Please I'm trying to open an ECN/STP account with IRONFX, I will appreciate your advise on this broker. Are they market maker or true ECN? please what is your experience with them.
  • #2
  • Mar 25, 2015 8:23am Mar 25, 2015 8:23am
Quoting sutivserv
Please I'm trying to open an ECN/STP account with IRONFX, I will appreciate your advise on this broker. Are they market maker or true ECN? please what is your experience with them.

According to its website yes: http://www.ironfx.com/en/trading-accounts
  • #3
  • Mar 25, 2015 8:53am Mar 25, 2015 8:53am
According to FACT: Ironfx not pure ECN/STP, it has market maker service in all accounts types except one account type under the name ECN/STP, not sure if that's pure ECN/STP or ironfx mix prices, but at least ironfx have liquidity providers( http://www.ironfx.com/en/about/advantages/liquidity), not like the scammer hotforex claim to be ECN/STP without any liquidity providers!!!
  • #4
  • Mar 26, 2015 7:15am Mar 26, 2015 7:15am
Quoting Ed-Forex
According to FACT: Ironfx not pure ECN/STP, it has market maker service in all accounts types except one account type under the name ECN/STP, not sure if that's pure ECN/STP or ironfx mix prices, but at least ironfx have liquidity providers( http://www.ironfx.com/en/about/advantages/liquidity), not like the scammer hotforex claim to be ECN/STP without any liquidity providers!!!

Correct; I compared the spreads from different accounts and I think they are true. I also checked the link you put and they do advertise real liquidity providers.
  • #5
  • Mar 30, 2015 4:41am Mar 30, 2015 4:41am
no withdraws in IRON, we have almost 20 clients, who have problems with that; starting 2015 year IRON is not the same company as before; if you have profits forget about the withdraws; from 2015 bonus is the reason to keep the money long time, too much money for marketing last 3 years, The Board has no money. Be careful
  • #6
  • Mar 31, 2015 12:13pm Mar 31, 2015 12:13pm
Hey bro, I hope you shall get your money back soon. Although this is not a thread on their withdraw problems and you will find more help in the dedicated discussions. If you feel you were scammed, it might help most to submit a complaint to the proper regulatory body. Speaking of which, I have never heard of any enforcement action against IronFX so far, which left me wondering how many of the complaints nowadays are real and how many are competitors grasping at straws to damage the targeted brokers(s). Ironfx has been quite open about the situation currently occurring (in China at least) regarding shady traders abusing promotions and essentially attempting to take advantage from the company.




Quoting trader2015
no withdraws in IRON, we have almost 20 clients, who have problems with that; starting 2015 year IRON is not the same company as before; if you have profits forget about the withdraws; from 2015 bonus is the reason to keep the money long time, too much money for marketing last 3 years, The Board has no money. Be careful
  • #7
  • Apr 1, 2015 1:33am Apr 1, 2015 1:33am
Quoting trader2015
no withdraws in IRON, we have almost 20 clients, who have problems with that; starting 2015 year IRON is not the same company as before; if you have profits forget about the withdraws; from 2015 bonus is the reason to keep the money long time, too much money for marketing last 3 years, The Board has no money. Be careful
Unfortunally that is true, I heard a lot about it. You want to trade in other true STP ECN?
  • #8
  • Apr 1, 2015 2:56am Apr 1, 2015 2:56am
Quoting sutivserv
Please I'm trying to open an ECN/STP account with IRONFX, I will appreciate your advise on this broker. Are they market maker or true ECN? please what is your experience with them.

Have you opened an ECN/STP account with them if yes what is your feedback. I think after the SNB crisis i would not seek for an STP/ECN broker, maybe mm in order to feel safer, also i would ask them if the have negative balance protection as a starting point.
  • #9
  • Apr 1, 2015 9:58am Apr 1, 2015 9:58am
lol there's no point, it's all marketing terms on a retail level...hybrid booking..can market themselves as whatever they want.
  • #10
  • Apr 2, 2015 12:19pm Apr 2, 2015 12:19pm
Quoting sutivserv
Please I'm trying to open an ECN/STP account with IRONFX, I will appreciate your advise on this broker. Are they market maker or true ECN? please what is your experience with them.
Hi there, which one did you go with at last? Some said it is a good idea to go with ASIC regulated brokers.
  • #11
  • Apr 3, 2015 2:05am Apr 3, 2015 2:05am
Quoting JeffZhou
{quote} Hi there, which one did you go with at last? Some said it is a good idea to go with ASIC regulated brokers.

I did some research on them they seem to be regulated under a lot of regulators, why ASIC is different ? Is it true that the face problems with their withdraws?
  • #12
  • Apr 3, 2015 6:02am Apr 3, 2015 6:02am
Iron fx

a total clown show broker.
  • #13
  • Apr 3, 2015 10:52am Apr 3, 2015 10:52am
Quoting Kotowskifx
{quote} I did some research on them they seem to be regulated under a lot of regulators, why ASIC is different ? Is it true that the face problems with their withdraws?

It comes from client fund segregation perspective, especially after the Alpari UK saga. Below is a direct quote from a more experienced trader here on FF, Phil:

"Just like in all countries with regulators , they (the ASIC) are Bureaucrats; they know how to make tea and organize their meetings around their lunchtime flirtations with secretaries - always making sure they can't get blamed for anything. ( from me...)

What you really want to know is what is the Law; the Law that governs segregated accounts in Australia especially when an Administrator/Liquidator/Receiver Manager gets called in.

The ASIC has a HORRENDOUS track record of inaction against some of the most massive frauds committed in Australia; most recently and notably the billion dollar fraud committed by the Commonwealth Bank.

But to say it again, it is the Law you want to know about."
  • #14
  • Apr 6, 2015 2:53am Apr 6, 2015 2:53am
Quoting JeffZhou
{quote} It comes from client fund segregation perspective, especially after the Alpari UK saga. Below is a direct quote from a more experienced trader here on FF, Phil: "Just like in all countries with regulators , they (the ASIC) are Bureaucrats; they know how to make tea and organize their meetings around their lunchtime flirtations with secretaries - always making sure they can't get blamed for anything. ( from me...) What you really want to know is what is the Law; the Law that governs segregated accounts in Australia especially when an Administrator/Liquidator/Receiver...


Thanks for the info Jeff, i have a demo account with them as i am currently on the process to choose a broker, didnt decided yet. As i am from Poland would i be regulated from CySec any thoughts or knowledge will be helpful. Also are you a client of their and are you satisfied through their services ?
  • #15
  • Apr 6, 2015 7:37am Apr 6, 2015 7:37am
Stop joking my friend.. you are looking for ECN in Ir...? this is the cave of gambling.. there is only one +, many employees and that is all; Cysec is not going to help you... currently over 500 claims in Cysec beacuse of Ir...People are scared and furious. The broker is not going to give them money back. This is a big mistake. This is not the true market.
  • #16
  • Apr 7, 2015 2:59am Apr 7, 2015 2:59am
i have read about this situation but i have found other articles which say the opposite, that this clients were abusing their promotions and they had to investigate their accounts. However i dont plan to trade with bonus or at least until fell confident with them. I will try with low balance and see if the rumours are true or not. whats your experience? have you used ECN with them ?
  • #17
  • Apr 7, 2015 11:52am Apr 7, 2015 11:52am
Quoting Kotowskifx
{quote} Thanks for the info Jeff, i have a demo account with them as i am currently on the process to choose a broker, didnt decided yet. As i am from Poland would i be regulated from CySec any thoughts or knowledge will be helpful. Also are you a client of their and are you satisfied through their services ?
Hey there, not familiar with local law on this aspect, but to be on the safe side, you might want to keep an account with their UK entity, or other brokers for that matter with UK FCA regulation which essentially can be "passporting" to EEA States (incl. Poland) under MiFID.

http://www.fca.org.uk/firms/being-re...ssporting-faqs
  • #18
  • Apr 8, 2015 3:52am Apr 8, 2015 3:52am
Basically that was going to be my second question is FCA more safe than CySec? having read all this things happened to a lot of brokers and also the negative feedback about Ironfx, i try to find a solution so my funds will be safe! should i only seek if a broker is regulated? Is it enough ?
  • #19
  • Apr 9, 2015 7:06am Apr 9, 2015 7:06am
Quoting Kotowskifx
Basically that was going to be my second question is FCA more safe than CySec? having read all this things happened to a lot of brokers and also the negative feedback about Ironfx, i try to find a solution so my funds will be safe! should i only seek if a broker is regulated? Is it enough ?

I think regulation is necessary but not necessarily sufficient. The transparency of the broker towards its policy and operation, its financial numbers (capitalization, active traders and trading volume), reputation (probably not entirely from internet which can be biased) would be very good indicators in my opinion.

With regards to ironfx which is the topic of this thread, they seem to have a considerable presence in Poland as per published information on LR, but I think you will need more research yourself to find out their reputation in local market. http://leaprate.com/2014/12/ironfx-i...ading-volumes/

Good luck mate and happy trading.
  • #20
  • Apr 14, 2015 9:18am Apr 14, 2015 9:18am
Thank you JeffZhou for your information i will look into this.
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