April 16, 2020
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.To get more news about IronFX forex brokers, you can visit wikifx news official website.
  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.  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!
Posted by: shinenewstop at
08:25 AM
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