Forex Brokers

Iron Bits (iron-bits.com)

1.5 (14 reviews)
🇦🇺 Australia
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1.5
14 reviews
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About Iron Bits (iron-bits.com)

Iron Bits (iron-bits.com) has been flagged by ASIC (Australia) for "Unlicensed". Search IC001 for other entities related to this alert. This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: iron-bits.com.

Customer Reviews

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R
Robert T.
2 days ago

Do not believe the bonus offer from Iron Bits (iron-bits.com). The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited through my accountant's suggestion and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.

Pros: Good analytical tools|No hidden fees|Personal attention

Cons: Limited demo account features

Customer service does not exist

M
Marcus X.
2 weeks ago

The so-called education at Iron Bits (iron-bits.com) is just marketing. Every webinar ends with a push to deposit more. The market analysis is generic and often wrong. If you want real education go elsewhere. I wasted since I retired last year thinking they would help me learn.

Pros: Intuitive for beginners|Great customer service|Excellent charting

Cons: No fractional shares|Account statements could be more detailed

Education is just sales pitch

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Richard Z.
1 months ago

Iron Bits (iron-bits.com) changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.

Pros: Educational resources|Dedicated account manager|Regular updates

Cons: None so far

Requotes on every order

D
Derek W.
1 months ago

I am in a dispute with Iron Bits (iron-bits.com) over a trade that was clearly erroneous. The price shown was wrong, I closed at a profit, and they reversed the trade and took the money back. They said it was a system error. So I lose and they keep? Unacceptable.

Pros: Professional team|Demo account available|Personal attention

Cons: Wish they had more educational resources|Withdrawal takes 1-2 business days

The opposite of what they advertise

C
Connor E.
2 months ago

The mobile app from Iron Bits (iron-bits.com) is dangerous. I placed an order that showed as pending, so I placed another. Both executed and I was overexposed. When I complained they said it was user error. The app design is misleading.

Pros: Dividend tracking|Intuitive for beginners|Full transparency

Cons: Some tools only available on higher tiers

System failures and silence from support

D
Dean C.
2 months ago

My card was charged twice by Iron Bits (iron-bits.com) on the same day. I had to dispute it with my bank. Iron Bits (iron-bits.com) then froze my account and said I had a negative balance because of the chargeback. They created the problem and then punished me for it.

Pros: Regular updates|Fast support response

Cons: None so far

Terms change without notice

J
Jessica Z.
2 months ago

Iron Bits (iron-bits.com) locked my account without warning and demanded documents I had already submitted. for about five months later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.

Pros: Social trading features|Good mobile app|Multi-currency support

Cons: Limited social trading features|Nothing significant

How have they won any awards

G
George D.
4 months ago

Customer support at Iron Bits (iron-bits.com) seems to be run by people who have never used the platform. Every time I call with an issue, I end up explaining how their own system works before they can help me. It would be funny if my money was not involved.

Pros: Portfolio tracking tools|Economic calendar|Fast execution|Regular platform improvements

Cons: Cannot customize dashboard fully|No live chat on mobile

Leverage caused margin call in minutes

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Leah F.
6 months ago

If you are reading this considering Iron Bits (iron-bits.com) - run. I wish I had read more negative reviews through a forum discussion. I thought the positive ones were real. Maybe some are. My experience over since I retired last year has been so bad I feel obligated to warn others. Do not make my mistake.

Pros: Personal attention|Instant funding

Cons: Search feature is basic|Email notifications too frequent

Multi-account management missing

S
Susan A.
7 months ago

After spending for about eight months trying to make Iron Bits (iron-bits.com) work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.

Pros: Automated trading options|Excellent charting|Two-factor authentication

Cons: Minor UI glitches occasionally|Could offer more webinars