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IronGatesFX Review | Is This Project a Scam or Not?

by Kevin Berry
Rating: 
  1/5   Reviews: 4
IronGatesFX - logo

In this article, we will explore IronGatesFX and provide you with our honest assessment. If you’re wondering whether this project is a scam or not, keep reading the review as we will uncover some disturbing facts about the broker.

IronGatesFX

🏛️ Country Switzerland
⚠️ Regulation
🖥️ Website https://irongatesfx.com/
🎲 Demo Account No
⏳ Start Time 2022
💲 Minimum Deposit $250
⚖️ Minimum and Maximum Leverage 1:200-1:300
⚙️ Trading Platform WebTrader
📨 E-mail support@irongatesfx.com
📞 Phone

First Impression of Irongatesfx.com

The official website of IronGatesFX is a complete disappointment. It looks like it was designed by a preschooler, with a garish color scheme and cartoonish graphics. On top of that, there is a distinct lack of information about the company itself, which is suspicious, to say the least. The website is full of empty words and marketing jargon, with no substance behind it. It is truly disheartening to see a broker treating its website with such carelessness, as it is often the first point of contact with potential clients. If IronGatesFX cannot even create a professional and informative website, how can it be trusted with clients’ investments?

IronGatesFX - website

Partnership and Bonuses

IronGatesFX offers an affiliate program not only for individual traders, but also for legal entities. However, there is no information disclosed about this program on the website. If you want to learn more about it, you have to contact the broker’s support team. This lack of transparency raises concerns about the legitimacy of the program. Potential affiliates may be hesitant to work with a broker that is not forthcoming with information about their referral program.

Account Opening on Irongatesfx.com

The registration process with IronGatesFX is fairly standard. However, there is no demo account available, which is a significant drawback. Additionally, the broker doesn’t verify an email or phone number, which is a cause for concern.

Registration

The Client Portal is also quite generic and is used by dozens, if not hundreds, of other brokers, most of which are scams.

IronGatesFX - Client Portal

Verification

IronGatesFX has a separate verification tab for clients. The document requirements are standard, but the broker also asks clients to upload additional documents such as a photo of their credit card and DOD. There is also a separate form for any other documents that the company may require.

Pros
  • It is convenient to upload documents.
Cons
  • The deadline for checking documents is not specified.

Trading Software

The trading platform of IronGatesFX is quite mediocre. It lacks many important features and customization options that are essential for professional traders. The charting tools are basic and the user interface is clunky and outdated. Additionally, the platform frequently experiences technical issues and freezes, which is very frustrating and can lead to significant losses for traders. Overall, the terminal provided by IronGatesFX falls far short of what is expected in today’s competitive online trading industry.

WebTrader

Features IronGatesFX CIX Markets  Toro Profit
Demo Account ✔️
Mobile App ✔️
Own Development ✔️ ✔️

How Can I Trade With IronGatesFX?

So far, we have doubts that the broker will be able to provide an exclusive trading experience. Let’s look at its trading conditions in more detail.

All Info About Accounts

IronGatesFX trading conditions are far from ideal. First, the broker requires an enormous deposit of $10,000, which is a huge barrier for many traders. Additionally, the broker offers an extremely high leverage ratio, which is a recipe for disaster for inexperienced traders who may get in over their heads.

IronGatesFX also includes a lot of unnecessary and irrelevant conditions like trading signals that are of no use to traders. These conditions only confuse clients and distract them from making informed trading decisions. Also, the broker apparently could not decide on what kind of minimum deposit it had set. So, in the description of the conditions, the minimum threshold of 10 thousand is set. And if you look in the “About us” section, you will find that the minimum deposit is already $250. However, with such a minimum deposit, you are unlikely to be able to count on at least some adequate service.

Pros
  • None.
Cons
  • Unnecessary additional services.
  • High minimum deposit.
  • High leverage.

Market Analysis and Education With Irongatesfx.com

IronGatesFX offers several additional services such as market analysis and educational materials, but unfortunately, they are quite underwhelming. The market analysis lacks depth and often simply reiterates information that can be found elsewhere for free. The educational materials are basic and do not provide any real value for traders. It seems that these services are simply added to make the broker appear more comprehensive, rather than to truly benefit their clients.

Deposit, Withdrawal, and Fees

The broker provides funding via credit cards and bank transfers, but the deposit process requires verification. However, the broker does not disclose any information regarding commissions for either deposits or withdrawals.

Features IronGatesFX MTCapitals  CIX Markets
Debit/Credit Cards ✔️ ✔️
Electronic Payments
Crypto Transfers ✔️
Deposit Fee
Withdrawal Fee

How Can I Contact It?

IronGatesFX offers email and chat as the only ways to contact their support team. They do not provide a phone number, and their office address raises many concerns, primarily that there is no office of this broker at the stated address in Switzerland.

Pros
  • There is a live chat and an email.
Cons
  • No phone number.
  • Fake office address.

Is IronGatesFX Dangerous?

All these big and small flaws lead us to believe that this broker is not doing as well as it is trying to show. We will prove our point with a few facts.

How Long Does The Broker Work?

IronGatesFX is very new to the market. A domain check revealed that the website was created on August 29, 2022. It means that all claims about the company’s experience and expertise are false. Novice brokers often have a hard time managing risks, which could lead to financial losses for their clients.

Domain info

How Is IronGatesFX Regulated?

IronGatesFX is not regulated in any way. Despite listing a Swiss address, there is no record of such a company in the Swiss registry. Additionally, the broker does not provide any legal information, such as registration numbers or the name of the legal entity. As a result, it is clear that they do not have a license. This lack of regulation and transparency is a major red flag for investors, as it means there is no oversight to protect their investments. Unregulated brokers are known for engaging in fraudulent activities and scams. So, you risk losing all of your funds without any recourse.

Features IronGatesFX ToroProfit InvestFW
European Zone
Asian Zone
American Zone
African Zone
Offshore ✔️

Frequently Asked Questions (FAQ)

How to Trade With IronGatesFX?

To start trading with this broker, you need to register on the website and complete the verification process. After that, you can fund your account and start trading.

Is IronGatesFX Legit?

No, it is not regulated or controlled by any authority, and there is no legal information provided on their website.

How Risky Is It?

Based on the lack of regulation and legal information, it is considered a scam, and there is a 100% risk of financial loss when dealing with this broker.
Kevin Berry
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Expert Opinion

Now, let me tell you something. I can confidently say that IronGatesFX is about as trustworthy as a used car salesman who’s been caught rolling back the odometer. And that’s not even the worst part. You see, this so-called “broker” is operating without any regulation or oversight. It’s like the Wild West out there, and these guys are the bandits.

But don’t just take my word for it. Let’s take a look at the facts, shall we? IronGatesFX has only been around for a few months, yet they claim to have years of experience in the industry. Hmm, something doesn’t quite add up there, does it? And let’s not forget the fact that they don’t even have a valid address or phone number. It’s like they’re trying to hide something… or maybe they just don’t want anyone to call and ask for their money back. So, to sum it up, stay far, far away from this scam. Your wallet (and your sanity) will thank you.

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IronGatesFX rating

The level of trust
Quick withdrawal of funds
Efficiency of technical support
Leave a review

The level of trust
Quick withdrawal of funds
Efficiency of technical support

4 reviews about IronGatesFX

Neal March 8, 2023 - 23:01
Don't trust this scam!
The level of trust

This scam is skilled at deceiving people and making them realize the truth only when it’s too late. Be careful and avoid this fraudulent scheme.

Reply
Robert March 17, 2023 - 20:26
Withdrawal woes
The level of trust
Quick withdrawal of funds
Efficiency of technical support

The broker has disappointed me. I can’t withdraw my funds and am being ignored by the managers. I had trusted the promises of big earnings and deposited $25,000, only to regret it later.

Reply
Lion March 21, 2023 - 19:03
High-Yield trading scam
The level of trust

I am warning everyone about this company. They are fraudsters who make promises about high-yield trading but actually contribute to the loss of deposits and funds. Be cautious and don’t fall for their trap.

Reply
John March 23, 2023 - 13:33
False documents and lost trust
The level of trust
Quick withdrawal of funds
Efficiency of technical support

I had high hopes for this broker, thinking it was a trustworthy platform. But as I found out, all the legal documents and even the address were fake. Unfortunately, it took me a lot of time and almost $10,000 lost to realize this. The scammers even tried to offer me a way to recover my losses, but I didn’t fall for their “profitable” scheme.

Reply

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