ironShares is an offshore Crypto CFD / Forex broker, that opened their website in July 2020. Like many people, we also were directed to this broker, when we signed up for the “BitQS App” trading software.
Investors with withdrawal problems or complaints should read this.
ironShares Review
A review of the ironShares CFD trading app, shows that day traders and investors are offered a basic web-based trading platform. The trading platform allows for trading on; Crypto Currency, Forex, Stocks, Commodity and Market Indexes. You will not find the MT4 or MT5 trading apps, or any mobile trading app.
Four different account types are offered at ironShares Brokers, with the minimum deposit starting at $5000. Bonus money is offered of 40% – 70%, but most new traders don’t realize, that there is no such thing as free money from a Forex broker. It always comes with strings attached, so make sure to read the terms and conditions on their website.
Many CFD brokers offer the same assets to trade. The main difference between brokers is their regulation, leverage / margin rate, and their spreads. Leverage at ironShares is from 1:50 up to 1:400, whereas with regulated European brokers, maximum leverage is limited to 1:30, read why.
Automated trading apps like Bitcoin Loophole, are advertised via “Fake News Articles”. Before using an automated trading app, you should do some more learning, and you’ll find that 99% of them lose money.
Is ironShares a Regulated Broker?
No, ironShares is not licensed or regulated by any regulatory agency.
ironShares does not disclosed anything about their ownership, but a slight reference in their terms and conditions shows that they are based in the Marshall Islands. They list a bad contact phone number on their website of: +45 (0)800 123456. Customer support email address is: [email protected], and the official website is: ironShares.com.
The way Scam Broker Investigator reviews a new broker to see if they are legitimate or a scam, is by checking for a valid license from government regulatory authority. All Forex and Crypto brokers, must be licensed and regulated by the government agency in your country. For example; South African brokers are licensed by FSCA and Australian brokers need a license from ASIC.
Compare Regulated Brokers
As a new investor, you have hundreds of brokers to choose from, but intelligent investors only use licensed brokers. Additionally, they will then go and verify, that their broker is locally licensed & regulated in their country. You can find a list of all the popular brokers listed here.
ForTrade is a popular broker, since they are licensed & regulated in Canada, Australia and United Kingdom, look here.
Start with a Free Demo Account, at: ForTrade.com.
What was your investment experience at ironShares like? Please share your thoughts in the comment section below.