The Swiss company claims to be the leading broker in the Forex market, thanks to its experienced team and high-tech trading terminal. According to information on the official website, this service is used by traders from 162 countries. Despite the “100% transparency” of the project, its owners do not disclose important legal aspects, including the availability of a license for financial activity.
Can you trust your funds to this intermediary? From our Iron500 review, you will learn about the advantages and disadvantages of cooperation with this broker.
How to Trade
Users can trade assets such as stocks, indices, and cryptocurrencies on the website. The brokerage firm offers the following services to its clients:
- 4 types of trading plans with minimum deposit starting from $5,000
- CFD and ETF trading assets.
- Leverage from 1:50 to 1:400.
- Bonuses up to 70% of the first deposit.
- Rewards up to $5,000.
You can start trading with $250. However, the broker does not disclose the size of commissions, spreads, or other important parameters.
The broker does not offer education, but explains the basic trading terms to beginners. You can contact support with phone numbers from the UK, Australia, and Canada.
Iron500 Vital Info
Information about the owners of the platform is not publicly available. Facts from the history of the project, which are usually disclosed by brokerage resources for clients, are also not on the site. What is the intermediary hiding? It is obvious that the firm started working 2-3 months ago. Note that the domain shows the actual period of operation, and it was registered only in June 2024.
However, the young age of the platform does not yet indicate its illegal operation. We decided to check the regulations to make sure the broker is reliable. Meanwhile, we saw that the owners of the company are rather operating outside the legal framework, as they claim to be headquartered in Switzerland. Unfortunately, there is no Iron500 brand in FINMA records. Moreover, this organization is not registered in any jurisdiction – we obtained this information from the open source database upon request.
I don't know who I would recommend this company to. I have worked with different brokers, but this is the first time I see the service so shabby! There is no education. Iron500.com offers incomplete information about trading conditions, and the developers have clearly skimped on marketing here. There are no robots or advisors. There are no investment programs, and in general it is not clear who the broker is aimed at. I am only happy that I withdrew my deposit from here, otherwise my impression would have been spoiled completely.
This is a fake broker with a fake address, operating without a regulator, which I found out too late. I lost $12k here. It's a total scam and fraud!!!.
I did not like the site! I had a little talk with the manager. We called twice. He explained to me all the advantages of cooperation, and on the third time I said that I was ready to invest $400, and he immediately lost all interest in me. I realized it by the voice of the manager, and he also stopped answering my calls. I was left with an unpleasant residue from this attitude. I am not going to work with them, and I will not advise you anything.
Fellow traders, don't even think about trading forex through iron500.com. I'm telling you for sure, it's a 100% fraudulent cesspool, so you should definitely stay away from here. However, if your goal is to lose money in the stupidest way possible, then you can make a deposit so that you can see for yourself that no one will let you withdraw your money. Iron500 are just plain crooks who didn't even bother to draw a license from FINMA in photoshop. You shouldn't trust what is written and provided on the site. Scam artists can forge any document nowadays. It's very easy. A license can be forged by scammers, too. That is why you need to look for the official website of one or another regulator's registry and check the company's existence there. FINMA has no record of iron500, so if there was a scan document on the site, it would be fake. This company does not have a license. There are two negatives here in one place – this company is not licensed and it didn't even provide any Swiss incorporation documents, meaning it blatantly lied about its office in Geneva. In fact, this will be enough for you to already be convinced definitively of iron500's fraudulent activity. However, let me write a couple more points so that some people, to whom my words badly reach, realized the whole truth about this platform and did not hand over money to scammers. First of all, look at the domain of the site. The registration date of the website domain tells us when the company started operating. So, iron500 started operating, if we judge by information from the Whois service, in June 2024. Because that's when the scammers registered their iron500.com domain. So this scam has no track record of running a brokerage service. Second, look at the legal documents and registration details on the website. The registration address of the firm listed on the website is fake. I checked it in Geneva. At the same time, there are no registration documents either. So I had to search for this company through registries, which is also a negative sign. Finally, the iron500 support service is a real laughing stock. The operators are unable to help you with even the most trivial questions. There are long answers. I need help right now, and they answer for 30-40 minutes, although they seem to have entered into a dialog and should help. You still have to wait a very long time. Why does the broker keep such incompetent people on its staff?
This is an ordinary broker that wants to make money, but at the same time distinguishes itself by some features. In this case, it is the huge number of trading instruments. This is the only reason I opened an account with Iron500. It turned out that not everything is smooth here :( For example, automated trading is prohibited, and you can't open a hedging position either. So, I'd rather trade where the conditions will be more loyal, as I don't need all these tools for such a high price.
I wanted to work with IRON500, but I am very confused about the lack of license to work in India with this broker. I understand that even a licensed broker can cheat, but this has a lower probability. Also, I was not able to evaluate the convenience of working with them in terms of transaction fees as this information is not available.
I learned about this platform from my friends. They helped me to register an account, trained me and showed me everything, for which they are very grateful. There is a very clear system of work here. Iron500 managers will always answer any questions that arise. This is one of the few forex brokers that provides the opportunity to trade on the ETF platform. I was also attracted by the system of additional rewards. This is a reliable project, considering that the broker is located in Switzerland, and withdrawal and deposit of funds is carried out clearly in due time. I think that first of all Iron500 services are designed for long-term investors and it makes sense for you to invest in assets here. I have accumulated more than 15,000 dollars already in the last month :)) on the one hand, it is not such a huge amount, but for me it is significant. I didn't withdraw my profits in small installments during the month to accumulate a larger amount. You can make good money here too, put aside all doubts! However, verification was the main drawback for me, which is incredibly difficult to pass. Also, I would like to see a greater variety of trading instruments, as in my opinion, these are not enough. Take these nuances into account and try the service, learn the details. Learn and earn on iron500.com!
Hi everyone! I have been working with IRON500 for about one month. Honestly, it was enough for the rest of my life. I have not seen a scam platform before. The swindlers scammed me competently for 6,820 euros, and they won't let me withdraw my funds. I applied to various companies for a refund, but it turned out to be a waste of time...