Fri, 28 Aug 2015 14:22:00 +0300
And it happened. According to the regulator, the decision about investigation activity about IronFX has been made on the basis of corresponding materials in media, as well as numerous complaints, submitted to the Commission by clients of the broker.
"IronFX truly has a great number of awards from various “Forex exhibitions", including the title of “Better Russian Broker of 2014",” comments Evgeny Olkhovski on the situation.
And only one rating of Forex brokers compiled by Masterforex-V Academy warned: IronFX has complaints from traders and is on the 57th place of 3rd (lower) league of Forex brokers, where opening trading deposits is strongly not recommended, as there are numerous complaints from Forex traders.
As broadcast by some media, IronFX has dismissed the total of 50 workers from East European offices, including specialists of support service, which amounts to about 10% from the general working personnel of the company. And around the world, according to information received by WhiteMoon trader in informal atmosphere from one of staff members of the company’s central office in Cyprus , the situation is even more wailsome:
For example, a user of a popular Forex-forum MMGP, where, by the way, IronFX is placed into a category of “Problem ones”, writes the following:
At the same time, the trader admits:
Many other traders agree with him, in their turn saying that when orders go in correct direction in their trade, they are mandatory closed with the explanation “term elapsed”. And nobody explains what “term” and why “elapsed”. As an example one user places a screenshot:
“Earlier,” informs Evgeny Olkhovski, “in May 2014 a trader Alex Trader has placed his pretension about dishonest work of the broker at the same forum:”
More details about steps taken by Dmitry and reasons why he has decided to do more than submit pretension to IronFX, but also initiate a lawsuit against CySEC, can be found at forum for traders of Masterforex-V Academy and MMGP. He was also going to "initiate consideration of the problems on-topic in Ministry of Finance of Cyprus and other institutions". Now let us cite words of the trader about results he has reached:
You are free to discuss this article here: forum for traders and investors
Last Friday, Pierre Moscovici, who is the European Commissioner for Economic and Financial Affairs, Taxation and Customs, visited Athens to discuss with the Greek government the report on the situation with the Greek debt to the international lenders.
The good times are going back. Over 2 trading weeks ended in early February, PrivateFX №1 recovered by 186,77 dollars or 1,25%. Could they have generated more money for their investors? Sure, but stability is the core value. For those of you who don’t know, PrivateFX №1 has been showing consistent profits for over 3 months in a row.
These are the Main Daily Trading Signals for Tuesday. Here's how the interbank compares with the technicals at 8 AM GMT.
Euro/Dollar sees 5 neutral models in the short-term. The mid-term is split between red and neutral models, and the daily outlook turns red with 6 studies, but the interbank is neutral at less than 2% short, and it matches the 1-hour models.
It's time for this week's first Main Daily Trading Signals. Here's how the interbank compares with the technicals at 8 AM GMT.
First up is the Euro/Dollar with 4 neutral models in the short-term. The mid-term is split between red and neutral studies, and the daily outlook brings 6 sell prompts, but, in contrast, the interbank is neutral at less than 2% short.
You're watching the Main Daily Trading Signals for Friday. Here's how the interbank compares with the technicals at 8 AM GMT.
Euro/Dollar has bearish models prevailing across the table, with 7 in the short-term and 6 in both the mid and long-term, but, in contrast, the interbank is neutral at less than 2% long.
These are the Main Daily Trading Signals for Thursday. Here's how the interbank lines up with the technicals at 8 AM GMT.
Bearish signals prevail on Euro/Dollar's hourly chart. The mid-term brings 4 neutral indicators, and the daily outlook is split between red and neutral models. Neutral at less than 6% long, the interbank matches the 4-hour studies.
Market Leader reports that EU leaders held an unofficial summit in Malta last week. One of the key issues on the agenda touched upon the ways and means to overcome the migration crisis in Europe.