IroTradex is a platform posing as a Forex/CFD broker, offering investment opportunities in instruments such as Forex, Commodities, Stocks, Indices, and Cryptocurrencies. Unfortunately, IroTradex raises many suspicions, making it similar to scams like Marginelite and Global Maxis .
The broker has no regulations, which should give us pause right from the start. Furthermore, the company uses some disturbing provisions, including in its withdrawal regulations:
For a Client’s withdrawal request to be honored, the written text must comply with the terms set forth in the User Agreement. The withdrawal procedure is fully governed by the Company’s terms of service. The Company reserves the right to impose limits on the amount a Client can withdraw for a given period of time. The minimum amount that can be withdrawn from IroTradex is specified here. Commissions may be charged depending on the number of transactions the Client makes.
This means that the broker claims the right to impose withdrawal limits on clients, which should not be the case with a normal broker.
Furthermore, online accounts of people who lost their funds at IroTradex can be found. As it turns out, the scheme for encouraging further deposits is similar to that used by scammers.
If you have experience with the IroTradex broker, share your opinion and comments.
What to do if you have been scammed by IroTradex?
People who have been scammed by IroTradex can read our guide prepared for those who have been victimized by fake brokers – read it here (link) .
We also invite you to join the group of people who have been harmed by dishonest brokers:
facebook.com/groups/2368922039865323/