Scam Revealed! IronFX Under Fire

Recent Allegations

A Japanese user recently took to X (formerly Twitter) to share alarming experiences with IronFX, a well-known forex broker. According to the user's claims, their account was frozen, and soon after, they began receiving scam calls from the UK. These calls promised compensation for the frozen funds, raising suspicions about IronFX's role in these incidents.

The user detailed that their LastPass password, which was the same as their IronFX password, was compromised. This led to unauthorized access to their Contabo account, where two Virtual Private Servers (VPS) were contracted without permission. The user strongly believes that the breach at IronFX was the catalyst for these subsequent security issues, suggesting that IronFX might be selling or leaking user information.

Social Media Claims

In subsequent posts, the user reiterated the danger posed by IronFX. They received a scam call from the UK, with the caller mentioning an unclaimed investment, which further solidified their suspicion that IronFX was the source of the leak. The user expressed strong distrust towards the broker, advising others to avoid using IronFX due to the potential risks involved.

Regulatory Actions and Warnings

IronFX's reputation has been further tarnished by regulatory actions and warnings. On December 13, 2019, the British Columbia Securities Commission issued an investor caution notice against Notesco Limited, the company behind IronFX. Additionally, Forex Peace Army, a forex trading community, has blacklisted IronFX.

Conclusion

WikiFX also warns traders of the potential risks associated with using IronFX. These recent allegations and regulatory actions paint a concerning picture of IronFX. Traders are advised to exercise caution and consider these warnings seriously. Security breaches and scam calls linked to a forex broker can have severe consequences, highlighting the importance of choosing a reliable and trustworthy broker.

For those affected, it's crucial to report incidents to the relevant authorities and take steps to secure personal and financial information. As always, staying informed and vigilant is key to navigating the often treacherous waters of forex trading.