IronFx Withdrawal problem

05
Apr
IronFX Withdrawal Problem
IronFX Withdrawal Problem
  • Calogero Boccadutri
  • 1 Views
  • 9 Comments
  • IronFX . issues . withdrawal .

We have many clients who have experienced IronFX withdrawal problem.

In November, the problem began deteriorating when many people had their withdrawals denied altogether without a specific explanation.

Such claims of Ironfx withdrawal problem appear to have widened beyond just Chinese customers, with other customers reporting to Forex Magnates and on trading forums that they are experiencing problems with their withdrawal requests being processed. If you experienced the same IronFX withdrawal problem do not hesitate to contact me.

The friction between IronFX and the company’s Chinese customers and introducing brokers (IBs) has culminated in a legal case brought against the broker.

We have a dedicated team of specialist foreign exchange (forex) litigation lawyers assisting clients across the globe and is at the cutting edge of litigation involving benchmark fixing and manipulation and has significant experience of developing and bringing forex litigation claims against banks, forex brokers and financial institutions.

Forex Magnates has learned that about 160 complaints against IronFX (withdrawal problem) were filed on January 22nd with the District Court of Limassol.

According to the allegations, IronFX has been denying withdrawal requests to over 150 accounts which the IBs brought onboard with the firm. The total amount of client funds mentioned in the claim is close to $1.25 million.

In addition, the broker was the subject of an investigative report by the Chinese media in relation to inappropriate marketing of their financial trading services. Other brokers shared similar fates, as SFX and IFX were featured in a segment on China Central Television, and FXTM faced a filmed protest in a local exhibition.

In the current claim against IronFX, introducing brokers have alleged in court that since the beginning of October their clients first experienced withdrawal delays. In November, the problem began deteriorating when about 150 customers had their withdrawals denied altogether without a specific explanation.

Such claims of IronFX withdrawal problem appear to have widened beyond just Chinese customers, with other customers reporting to Forex Magnates and on trading forums that they are experiencing problems with their withdrawal requests being processed.

Specifically, many clients have received messages stating, “We would like to inform you that your account is under investigation for potential irregular trading activities.”

In the past, IronFX attributed withdrawal problem from China to the presence of abusive traders who the broker believed was taking advantage of their bonus offerings.

If you have experienced IronFX withdrawal problem and you need any further information in order to file a claim against IronFx do not hesitate to contact me at calogero@boccadutri.com

From Forexmagnates

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