IronTrade is a Forex broker that was registered in Saint Vincent and the Grenadines on September 11, 2018. It primarily provides financial trading services to investors in Forex, stocks, indices, commodities, etc., with an unannounced company headquarters. This broker does not offer services to jurisdictions where it could violate local laws or regulations, including but not limited to the United States, Canada, the European Economic Area, Russia, Switzerland, Israel, New Zealand, Australia, Japan, North Korea, Puerto Rico, Sudan, Iran, Liberia, Pakistan, Syria, Ukraine and more.
Corporate Registration and Regulatory Status:
IronTrade is registered in Saint Vincent and the Grenadines as a business entity under the name Rosco Solutions LTD, with a registered address at Suite 305, Griffith Corporate Centre, Beachmont, PO Box 1510, Kingstown, Saint Vincent and the Grenadines, and a company registration number of 24984. According to information obtained through a Whois search, the broker's official website domain was registered on February 21, 2005.
The Financial Services Authority of Saint Vincent & the Grenadines (SVGFSA) does not "regulate, monitor, control, or license" business companies (BC) engaged in Forex trading or brokerage businesses. The scope of regulation is limited to ensuring that BCs comply with the obligations defined under Chapter 149 of the Revised Laws of Saint Vincent and the Grenadines, the Business Companies (Amendment and Consolidation) Act, 2009. As such, the operations of IronTrade are not effectively regulated.
Account Opening:
To open an account with IronTrade, visit the broker's official website, click on "Sign up," enter the required details such as email address and phone number, set a password and submit the information. Once submitted, the account is successfully registered.
Account Types:
IronTrade offers a demo trading account and two types of real trading accounts: Standard and VIP. However, details such as spreads, trading leverage, maximum/minimum trading volumes, maximum positions, and trading commissions for real trading accounts are not disclosed.
Trading Platform:
IronTrade provides a proprietary trading platform, the IronTrade App, which includes versions for Android and the App Store.
Deposits and Withdrawals:
IronTrade supports deposit and withdrawal operations using Visa, Mastercard, online banking, and local banks. The minimum amount for deposits and withdrawals is $10.
Summary:
Traderknows reminds investors that IronTrade is an unregulated forex broker, utilizing a self-developed trading platform. The account transaction information is unclear, and the contact methods are limited, only available through email and the official website. Traderknows advises investors to avoid brokers like GLOBAL COMMODITIES HOUSE and to choose transparent, strongly regulated brokers with a good reputation for their investment trading activities to prevent unnecessary financial losses.
Currently, this broker is marked as 'Suspected Scam' on Traderknows.
