IronFX is making a comeback? Chinese investor faces up to 430,000 yuan in unfreezing funds

Do you still remember the well-known foreign exchange platform IronFX running away? The previous batch of victims are still struggling to defend their rights, and a new batch of victims has been born...

The iron exchange running incident that caused a sensation in the exchange circle occurred in 2015. At first, at the end of 2014, Chinese customers of IronFX began to find it difficult to withdraw cash from their accounts. IronFX "locked up" a large amount of investor funds on the grounds of illegal arbitrage. At that time, IronFX customer service staff informed customers that withdrawals would be delayed. One month after the suspension of withdrawals, angry investors ran to the Iron FX Shanghai office to get back their hard-earned money, but unexpectedly, the "Iron FX Shanghai Office" at that time had already closed. As a result, the incident of "investors angrily smashing Iron Fx's Shanghai office" occurred.

At that time, IronFX had a formal regulatory license and was supervised by many financial institutions, but it was a gambling platform. Later, it attracted a large number of investors with the gimmick of 100% bonus, but unexpectedly because of arbitrage trading downfall. Eight years later, the victimized clients in China are still struggling to defend their rights, while the fund platform IronFX can continue to operate openly overseas.

Recently, another Chinese investor broke the news that they were cheated by IronFX! It is understood that he entered the IronFX platform for trading at the beginning of this year, and each deposit was transferred to a different private bank account provided by the platform customer service. However, when he tried to withdraw cash, he failed repeatedly.

Asked why, the platform customer service said that because the bank card account number entered by the investor was inconsistent with the name of the cardholder, the funds in the account had been temporarily frozen, and 50% of the account balance (432,694 yuan) had to be unfrozen before the cash withdrawal could be processed. In addition, the deadline for paying the unfreezing fee is 23:59:59 on February 10, 2023.

Seeing this "unfreezing gold", people in the industry will understand what's going on, it's an old-fashioned fraud routine. In the end, because the "unfreeze fee" was not paid, the funds of more than 860,000 yuan in the investor's account became a series of numbers. And the IronFX iron exchange platform he traded, the URL is www.ironfx11.vip, which should be fake.

According to Ben Wang's investigation, IronFX Group has undergone a series of changes in recent years. Currently, the website of IronFX operating overseas is www.ironfx.eu, which claims to be the trade name of Notesco Financial Services Limited and is regulated by CySEC 125/10 in Cyprus. The king has found the corresponding company information in CySEC in Cyprus, and approved the domain name www.fxlift.eu; www.ironfx.eu.

Yes, you read that right, although IronFX still owes Chinese investors the principal and has not paid out for many years, the platform still continues to operate overseas with peace of mind, and only investors suffer! It can be seen from this that everyone must choose the platform carefully, treat platform bonus behaviors rationally, and pay attention to whether the website supervised by the regulatory license is the website for their own transactions, which is very important! Although IronFX was regulated by FCA in the United Kingdom back then, the actual account opening of customers was under the supervision of CySEC in Cyprus. Many Chinese investors could only go to Cyprus to sue for rights protection, and have not recovered their funds so far.