IronFX

IronFX
Private
Industry Financial Brokerage
Founded 2010 (2010)
Headquarters Limassol, Cyprus
Website www.ironfx.com

IronFX is a foreign exchange trading company based in Cyprus providing retail foreign exchange service. Founded in 2010 the company is authorized by the Cyprus Securities and Exchange Commission (CySEC) in Cyprus and has operations in various locations including London, Sydney, South Africa and Limassol.

History

IronFX was founded in Limassol, Cyprus in December 2010 after obtaining authorization by the CySEC.

In 2013, IronFX opened an office in Australia and became regulated by the ASIC , while it also received authorization of the FCA in the UK. In early 2014, IronFX opened an office in London and was soon granted with the variation of permission license and extended the scope of the existing license in order to upgrade the services provided to the traders under the FCA authorization.[1]

In 2014, IronFX opened an office in South Africa and became authorized and regulated by the Financial Services Board (South Africa).

According to the Wall Street Journal, IronFX, filed confidentially for an IPO in 2015, in the New York Stock Exchange (NYSE) in 2015, aiming for a valuation of $800 million.

The company confirmed it had made a bid for the operations of insolvent Alpari UK in January 2015.[2]

In January 2015, IronFX received complaints from Chinese affiliates.160 complaints were filed with the District Court of Limassol in Cyprus, followed by media complaints in Hungary. In August 2015, the CySEC announced an investigation related to IronFX. In November 2015, the CySEC settled all charges against the firm, agreeing to a €335,000 settlement with the company while imposing fines on FXGM, EZTrader, Interactive Option, UFX and others ranging from €123,000 up to €340,000.[3][4]

Operations

The Company has offices in Limassol, London, Sydney, Johannesburg, Lisbon, Madrid, Montevideo, Prague, Budapest, Warsaw, Kiev and Lima.

Services

IronFX provides retail foreign exchange trading via trading platforms that include MetaTrader 4, MetaTrader 5, PMAM, MultiTrade, Webtrader and Sirix Social Trader as well as on a number of mobile trading platforms.[5]

The company also provides financial spread betting in the United Kingdom and Ireland and in March 2015 also added a Contract for difference trading platform called Multi-Asset Trader.

Sponsorship

The company became a sponsor of the football club, FC Barcelona in March 2014.[6][7] The sponsorship consisted of official partner of FC Barcelona with worldwide association, promotional and marketing rights for the use of both brand and players of FC Barcelona.

References

  1. ↑ "IronFX Global Unveils a New Landmark Global Office in London, UK". MARKETWIRED. 6 June 2014.
  2. ↑ Cyprus Mail (22 January 2015). "IronFX says bidding for Alpari after Swiss collapse". Cyprus Mail. Retrieved 22 January 2015.
  3. ↑ "CySEC’s official statement on IronFX settlement and fines to UFX, EZTrader, InteractiveOption, FXGM". LeapRate. November 29, 2015.
  4. ↑ "CySEC Board Decision". Leaprate. November 27, 2015.
  5. ↑ "IronFX Review". ForexTrading. Retrieved 26 June 2015.
  6. ↑ Ian McPherson (6 March 2014). "FC Barcelona add online trading partner". SportsPro. Retrieved 16 October 2014.
  7. ↑ "IronFX Global announces official partnership with FC Barcelona". 6 March 2014.

Further reading

This article is issued from Wikipedia - version of the Wednesday, February 03, 2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.