IronMarkets has been flagged by National Securities and Stock Market Commission for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
I lost a significant amount because IronMarkets did not execute my stop loss during a flash crash. They said the market was illiquid. Other brokers managed to execute. I have no proof they did not trade against me. Avoid.
Pros: Detailed reporting|Easy to use platform|Demo account available
Cons: No dark mode on mobile|Would like more payment methods
After for a couple of months now with IronMarkets I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.
Pros: Social trading features|Responsive team
Cons: Limited ETF selection|Research section could be deeper
I referred a friend to IronMarkets through my accountant's suggestion. We both deposited. The referral bonus never arrived. Support said we did not meet the terms. When we asked which terms they pointed to a clause that was added after we signed up. Shady.
Pros: Stable platform|Excellent charting
Cons: Account statements could be more detailed|No fractional shares
I joined IronMarkets after seeing their ad online and from the start, things felt off. The signup process collected far more personal information than necessary, the verification took unreasonably long, and when I finally got access, the platform was nothing like what was advertised.
Pros: Comprehensive tools|Multi-currency support|Professional team
Cons: No crypto staking|Alert system is basic
After seeing ads for IronMarkets online, I investigated. The company is listed in the IOSCO I-SCAN warnings database and has been flagged by National Securities and Stock Market Commission. Their website looks professional but that means nothing - many scam operations invest heavily in appearance. Always check the regulatory warnings before investing.
Cons: Unauthorized firm|Found in IOSCO warnings database
IronMarkets 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: Copy trading available|Portfolio tracking tools|Demo account available
Cons: No crypto staking
Customer support at IronMarkets 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: Detailed reporting|Full transparency|Dividend tracking|No hidden fees
Cons: Charting tools need more indicators|No live chat on mobile
After doing some research AFTER the fact (I know, I should have done this first), I discovered that IronMarkets is not authorized by any legitimate financial regulator. They are operating illegally. The website looks very professional but it's all a facade. Please check the regulatory warnings database before investing with ANY company.
Cons: Cannot withdraw funds|Not regulated|Pressure tactics
I had a dispute with IronMarkets and went to their complaints process. They have an internal team that just defends the company. Then they said I could go to an ombudsman - but the ombudsman they use is industry-funded and rarely rules for the client. The system is rigged.
Pros: Excellent charting|Dedicated account manager|Automated trading options|Dividend tracking
Cons: No dark mode on mobile
This company appears on the IOSCO I-SCAN international warnings list. Over 68 financial regulators worldwide contribute to this database. While being listed doesn't automatically mean fraud, it's a significant red flag that potential investors should take seriously. Do your research thoroughly.
Cons: Appears in regulatory warnings database|Uncertain regulatory status