Thinking of trading on Iron Max Group? Here is what you must know about this broker. Carefully read this review to find out if ironmaxgroup.com is the trading platform you will want to trade with.
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About Iron Max Group Broker
Iron Max Group is an offshore brokerage company with a lot of promises for traders. The broker’s address shows it is from Saint Vincent and Grenadines, owned by Prevail Ltd.
In spite the trading instruments Iron Max Group claims to offer, traders must know they are dealing with an unknown broker whose regulation claim is false.
ironmaxgroup.com: Reasons to Avoid This Broker
ironmaxgroup.com is a platform with no financial authority overseeing its financial services. The regulation claim is not legit because Financial Service Authority, SVG does not regulate or monitor brokers.
Another red flag we noticed on ironmaxgroup.com is that it has no demo account for traders. Since traders can’t test Iron Max Group broker on a free account, then we can’t know its viability in the forex market.
Since the broker does not offer money back guarantee, it means trading on any account type is clearly a risk as your money will not be refunded. This is a warning for forex traders to avoid losing money with this broker.
Withdrawal and Deposit
Withdrawal process
The broker provides no detailed information on the withdrawal or fee.
Iron Max Group lacks transparency and that tells us this broker is not trustworthy and should be avoided.
Minimum Deposit
Iron Max Group minimum deposit can be at least $200
The broker does not provide information on the payment method. Nevertheless, you should not consider making any payment with this broker because it is a risk. So beware!
Iron Max Group Platform
Iron Max Group operates a Web based trading platform. The broker refuses to make use of industry standard (MT4 or MT5) that are widely accepted for better trading.
As for the leverage, the broker recommends 1:200.
Iron Maxx Group Licensing and Regulation
It is not far from believing that this broker is not a licensed brokerage firm. In fact, It is not under any financial regulation that means your money is at risk. Its licensed and regulation claims are false and a major red flag.
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Conclusion: Is ironmaxgroup.com a Reliable Broker?
ironmaxgroup.com does not seem like a reliable broker for traders even though it promises offers that look good to be true.
The broker is unregulated which means it is not authorized to operate in any regulated country and you should definitely not put any money into it.
Because we have taken it as a duty to review forex brokers and also share reasons, we do not recommend this broker for trading.
Kindly share your comment about this broker in the comment section.
