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.

Terms of Use, Privacy Policy, and other documents are unavailable on the website.

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.

FAQ

What are the key facts about Iron500?

The company lists its head office address in Switzerland and phone numbers in CA, AU, UK. However, this organization is not listed in the registers of financial regulators and legal entities of any country. Besides, the absence of a license is additionally confirmed by the leverage up to 1:400, which is not available in regulated brokerage firms in Europe.

What's the risk to my wallet when working with this broker?

The project operates without a license and registration of a legal entity. Respectively, its owners can not provide clients with guarantees of the safety of invested funds. Besides, you risk losing your capital in CFD trading with huge leverage, and an illegal broker can unreasonably refuse to withdraw your money.

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