IronFX

From Wikipedia, the free encyclopedia
IronFX
TypePrivate
IndustryFinancial Brokerage
Founded2010 (2010)
Headquarters
Limassol
,
Cyprus
Productsretail foreign exchange, Contract for Difference
Websitewww.ironfx.com/en

IronFX is a Cyprus-based broker providing access for speculators to the retail foreign exchange market. The company has offices in Cyprus, London, Johannesburg, and Sydney. The company holds licenses from the Financial Conduct Authority (FCA)[1] in the United Kingdom, the Cyprus Securities and Exchange Commission (CySEC) in Cyprus, the Australian Securities and Investments Commission (ASIC)[2] in Australia and the Financial Services Board (FSB) in South Africa.

History[]

IronFX was founded in Limassol, Cyprus in December 2010 after obtaining authorization by the CySEC.[3]

In 2013, IronFX opened an office in Australia and became regulated by the ASIC, while it also received authorization of the FCA in the UK.[4] In early 2014, IronFX opened an office in London and was soon granted with the variation of permission license and extended the scope of the existing license in order to upgrade the services provided to the traders under the FCA authorization.[5]

In 2014, IronFX opened an office in South Africa and became authorized and regulated by the Financial Services Board (South Africa).[citation needed]

According to the Wall Street Journal, IronFX, filed confidentially for an IPO in 2015, in the New York Stock Exchange (NYSE) in 2015, aiming for a valuation of $800 million.[6]

In August 2015, the CySEC announced an investigation related to IronFX. In November 2015, the CySEC settled all charges against the firm, agreeing to a €335,000 settlement with the company while imposing fines on FXGM, EZTrader, Interactive Option, UFX and others ranging from €123,000 up to €340,000.[7]

IronFX officially informed leading industry directories that they have voluntarily left 4 regulations in June 2015, these regulations included CRFIN of Russia, BaFin of Germany, CONSOB of Italy and FSP of New Zealand. In the very same announcement, the company also showed that they have closed offices in a number of countries including China, Nigeria and Russia.[8]

In June 2018 Cyprus regulator CySEC Fined IronFX €2000 Over Financials Submission Failure.[9]

References[]

  1. ^ "Financial Conduct Authority". register.fca.org.uk. Retrieved 2017-03-22.
  2. ^ "ASIC Free Company Name Search". search.asic.gov.au. Retrieved 2017-03-22.
  3. ^ "IronFX Global Limited". Cyprus Securities and Exchange Commission. Retrieved February 12, 2017.
  4. ^ "Financial Conduct Authority". register.fca.org.uk. Retrieved 2017-03-14.
  5. ^ "IronFX Global Unveils a New Landmark Global Office in London, UK". marketwired. June 6, 2014. Retrieved February 12, 2017.
  6. ^ Demos, Telis (2014-12-08). "IronFX Global Files Confidentially for U.S. IPO". Wall Street Journal. ISSN 0099-9660. Retrieved 2017-03-14.
  7. ^ "Cyprus Securities and Exchange Commission | BOARD DECISIONS". cysec.gov.cy. Retrieved 2017-03-14.
  8. ^ "CySEC's official statement on IronFX settlement and fines to UFX, EZTrader, InteractiveOption, FXGM | LeapRate". leaprate.com. Retrieved 2017-03-14.
  9. ^ "CySEC Fines IronFX €2000 Over Financials Submission Failure". AtoZMarkets. 2018-06-28. Retrieved 2018-06-28.

Further reading[]

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