IRL Trading, claims to be registered in 2020 in Ireland and indicates its address in Dublin, but there is no confirmation. In addition, the web broker does not provide information about the owners of the company and its managers. It’s worth noting that the website does not list a license number and there are no copies of legal documents. Finally, the firm does not disclose the Terms of Service to clients. How safe is it to trade here? We will analyze the platform’s functionality and review important legal aspects to understand whether you can trust your capital to this broker.
How to Trade
IRL Trading offers clients CFD trading on various assets. CFDs are available on stocks, cryptocurrencies, and commodities, but do not imply ownership of these assets by the investor. To start, a trader needs to register on the platform and make a minimum deposit.
You can open an account from 6 options offered by the broker. Many important parameters for trading are not specified in the description of tariff plans. Preliminary you can find out the following features of the selected account:
- Minimum deposit, from $250 to $100,000.
- Basic Trading Tools Intro.
- Trading Signals, ETH/BTC arbitrage.
IRL Trading will provide you with a personal account manager after you deposit up to $5,000. The highest plans include bonus incentives. You have access to VIP accounts are available to you, where the broker determines the deposit amount and set of services individually with each client. There is a live chat on the website to contact an advisor.
IRL Trading Vital Info
The site’s owners position themselves as experts with “years of online trading experience” who came together to create the platform during the Covid pandemic. However, the story of the company’s establishment in 2020 Ireland is not backed up by copies of certificates, and the registration number of the company is not indicated. As for the domain, it was only registered in September 2023. In addition, we did not find information about “IRL Trading” in the register of the Companies Registration Office of Ireland and also did not find a legally registered office of the broker at the address it specified.
The real existence of the site is only a couple of months, according to the date of registration of its domain. Does this brokerage company really exist? Is it possible that such an organization does not exist in the legal field of Ireland? It is very likely that all information about its history on the site is falsified and is just a standard set of tricks in order to induce confidence in inexperienced traders.
The broker disappointed me by the fact that it has a small number of currency pairs, no exotic ones, I have nothing to choose from here. There are almost no new cryptocurrenciews either. And tech support does not answer anything clear to my questions about the presence of a license - it’s somehow unreliable to work with such a platform.
From the pluses of the site I can note the trouble-free deposit and withdrawal of money, convenient personal cabinet. So far I can't say that I am very satisfied with the functionality, the terminal doesn't work perfectly, but there are no outright fraudulent problems. The spread here is much higher than other companies, not very acceptable for me. I like that the money is withdrawn in 24 hours, but last time the money came even faster - just 10 hours. However, I do not think that with the increase of my balance, my earnings will immediately grow, as the analyst is always trying to convince me.
The broker fools beginners, while the administration behaves honestly with traders-professionals. I had no experience and that's why my deposit was quickly drained here. The owner of irltrading.com wants to take as much money as possible, and traders here are perceived as a source of fees. And managers do not cheat everyone, they do not touch money of professionals brazenly at the moment of trading, but they can take money on huge spreads and commissions. And in the case of beginners, everything on the site revolves around training programs. This is the basis of fraudsters' business. They train a person, assign him a personal manager, and begin to cheat. I talked to professionals before I registered on this platform, and I was convinced that this site has good orders and I can make money. Based on this, I came to IRL Trading, I didn't think I would be scammed. Well, the manager who was assigned to me successfully helped me to drain more than 800$. If you have no experience and you are reading my review, then I advise you not to start training with this broker, it will be very expensive for you.
The company professionally drains traders' money. At first glance, everything looks decent here, but this is a deceptive impression. Managers provide you with professional training, but in the process of trading they can give you wrong analytics and drain your deposit, while all the money will be inside the terminal, not the real market. Why did I trade here without experience, my friends ask me, I do not know what to answer them. The manager convinced me that it is worth investing 3,000$ to successfully make money on CFDs. In fact, things are not as great in margin trading as I had imagined. I was only losing money, and at such a speed that I was hysterical - how could this happen? It seems that I did everything right, as I was taught here... So I would not be in a hurry to give high marks to the broker: slippage of trades, wrong quotes, and draining the deposit here are done professionally on this site. It is possible that not all traders notice it, and the broker explains the loss of money by the wrong actions of the clients. The work of this company is well organized and the money flows quite well into the pockets of the site owners. Of course, at IRL Trading they give you a chance to earn some money at the beginning so that you think that you have come to a good broker, but then everything changes. They also start to study you and help you to drain money little by little, and then they let you earn money again, and when you deposit a good amount of money, they will make you a big drain of money at once!!!
The platform attracts with the possibility of cryptocurrency arbitrage, although actually this service is difficult to implement, you will not wait for the manager's help until you write to support twenty times :( I am still just trying the terminal features, but I do not like the long wait for consultations. If nothing changes within a month, I will leave for another platform. Employees of the company, I ask you to be a little more prompt! And then traders will use your service.
I have a negative attitude towards this broker :( This platform is not suitable for trading currency pairs and precious metals. I have the impression that here managers draw their own charts and rotate them not on Forex, but inside their site. Orders are closed very slowly, so you lose money.....
I have been trading here for a month and a half and I have had no serious complaints about the broker's work. Of the minuses I would like to note that training is available only after registration. And the knowledge is not given in full, as I would like. I started trading with 400 dollars, but within 6 weeks I increased my balance to 1,500 dollars 😀 part of this amount I earned on crypto trading, and the other part - invested additionally. I trade more often with profit, I withdrew funds 3 times. The maximum delay was two days in withdrawal and that only once. I can recommend irltrading.com for beginners.
I want to leave a negative review about the "broker" Irltrading. This is how it positions itself, but in reality - it is a scam. I have big doubts about the presence of a license, since when I about it, the technical support shows me the site of the regulator and that's all. The company is registered in Ireland and I know nothing about the authorization to operate in England. It's a pity that I didn't think about this issue when I funded my account and started trading. And now I lost 3,080 USDT on this terminal, which I earned by honest labor.
Despite the fact that this company is quite young, I really like to cooperate with it:) As for trading conditions, I have no problems at all, and if there are sometimes, the technical support is always on the phone during the day and responds quite quickly. I am satisfied with IRL Trading reasonable fees, spreads are low, there is no giant commission for withdrawal. I would like to note that the analyst helped me very well throughout my acquaintance with the new terminal, for which I will give him a special plus. Withdrawal of funds takes on average 2-3 days, the operators did not ask me for anything additional, except for those documents that I usually present when I pass verification at other firms. This company did not disappoint me in this matter. It is possible to work comfortably with the broker and earn a profit. The staff does everything that is necessary for successful trading. Free training is very effective! No one has ever told me such competent and useful information, even on paid courses. I have not been working with this platform for very long time, but I can't point out any very big disadvantages. This is a good service for working on Forex.
Since I have a positive attitude to self-criticism, I honestly say that I am a fool. Because I didn't have enough brains and got involved with scammers. I will not describe to you my trading with this false broker, it is not interesting for you. The main result is a stupid loss of money in the amount of 6,580 pounds. All drained under the careful supervision of the employees of the swindlers!
This is a fraudulent company! Traders, do not go near this forex broker! I will share with you my own experience trading on this horrible platform provided by a fraudulent company. So, I invested a little over $10,000 in my account to trade with IRL Trading more profitably. Within a month of using the service, I found a lot of bad actions and misunderstandings in my daily trading. This terminal is totally unstable and constantly changes positions, customer terms and conditions, and account option set, and it always happens suddenly, without notifying me of the upcoming changes. To be honest, I am very dissatisfied with this situation! Very poor services, few tools, and the account management is 100% terrible! I ended up losing all my deposit money here. I had the worst experience with this broker! I recommend everyone to find out about the reputation of forex companies in the financial world before investing money in a new unknown project.